BHEL
Bharat Heavy Electricals Limited (BHEL) Stock Analysis
Bharat Heavy Electricals Limited is a major Indian public-sector power equipment manufacturer. It makes boilers, turbines, generators, and transmission products for utilities and industrial plants. Government and state electricity boards are among its largest customers in India. The company is listed on Indian stock exchanges and is headquartered in India.
Industrials › Specialty Industrial Machinery
₹433.60
+2.99% 1W | +79.30% 52W
Market Cap
151.0k CR
P/E Ratio
62
52W High
₹455.9
52W Low
₹229.5
Div. Yield
0.33%
Beta
0.9
50 DMA
₹422.5
200 DMA
₹351.6
Profit Margin
6.8%
Inst. Own.
22.8%
🔥 APPROACHING RESISTANCE
🔥 APPROACHING RESISTANCE
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,003 | 5,125 | 5,504 | 8,260 | 5,485 | 6,584 | 7,277 | 8,993 | 5,487 | 7,512 | 8,473 | 12,310 | 7,698 |
| Expenses | 5,182 | 5,279 | 5,287 | 7,532 | 5,654 | 6,309 | 6,973 | 8,162 | 6,024 | 6,931 | 7,928 | 10,557 | 7,194 |
| Operating Profit | -178 | -154 | 217 | 728 | -169 | 275 | 304 | 832 | -537 | 581 | 545 | 1,753 | 504 |
| OPM % | -3.6% | -3.0% | 3.9% | 9% | -3.1% | 4.2% | 4.2% | 9% | -10% | 8% | 6% | 14% | 7% |
| Other Income | 130 | 192 | 118 | 170 | 111 | 128 | 126 | 159 | 185 | 189 | 235 | 260 | 226 |
| Interest | 168 | 180 | 190 | 193 | 162 | 201 | 184 | 201 | 181 | 195 | 182 | 198 | 140 |
| Depreciation | 60 | 60 | 61 | 68 | 59 | 60 | 68 | 85 | 75 | 75 | 78 | 88 | 82 |
| Profit before tax | -276 | -202 | 84 | 636 | -279 | 141 | 179 | 704 | -608 | 499 | 520 | 1,728 | 508 |
| Tax % | -26% | -69% | 29% | 23% | -24% | 25% | 25% | 28% | -25% | 25% | 25% | 25% | 26% |
| Net Profit | -205 | -63 | 60 | 490 | -211 | 106 | 135 | 504 | -456 | 375 | 390 | 1,290 | 377 |
| EPS in Rs | -0.59 | -0.18 | 0.17 | 1.41 | -0.61 | 0.30 | 0.39 | 1.45 | -1.31 | 1.08 | 1.12 | 3.71 | 1.08 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31,323 | 25,505 | 28,465 | 28,827 | 30,441 | 21,463 | 17,309 | 21,211 | 23,365 | 23,893 | 28,339 | 33,782 | 35,993 |
| Expenses | 29,183 | 26,862 | 27,370 | 27,174 | 28,409 | 21,596 | 20,357 | 20,383 | 22,321 | 23,182 | 26,940 | 31,210 | 32,610 |
| Operating Profit | 2,141 | -1,357 | 1,095 | 1,653 | 2,032 | -133 | -3,049 | 828 | 1,044 | 711 | 1,399 | 2,572 | 3,383 |
| OPM % | 7% | -5% | 3.9% | 6% | 7% | -0.6% | -18% | 3.9% | 4.5% | 3.0% | 4.9% | 8% | 9% |
| Other Income | 1,221 | 1,492 | 753 | 679 | 662 | 590 | 393 | 405 | 544 | 608 | 524 | 869 | 909 |
| Interest | 92 | 360 | 413 | 330 | 378 | 613 | 467 | 448 | 612 | 828 | 906 | 986 | 715 |
| Depreciation | 1,082 | 937 | 850 | 787 | 476 | 503 | 473 | 314 | 260 | 249 | 272 | 316 | 323 |
| Profit before tax | 2,187 | -1,161 | 586 | 1,215 | 1,840 | -659 | -3,596 | 470 | 716 | 243 | 746 | 2,139 | 3,254 |
| Tax % | 34% | -39% | 22% | 64% | 46% | 123% | -25% | 5% | 9% | -16% | 28% | 25% | |
| Net Profit | 1,450 | -706 | 455 | 438 | 1,002 | -1,468 | -2,700 | 445 | 654 | 282 | 534 | 1,600 | 2,432 |
| EPS in Rs | 3.96 | -1.92 | 1.25 | 1.20 | 2.89 | -4.21 | -7.75 | 1.28 | 1.88 | 0.81 | 1.53 | 4.60 | 6.99 |
| Dividend Payout % | 20% | -14% | 85% | 151% | 69% | 0% | 0% | 31% | 21% | 31% | 33% | 30% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 13.0% | 14.0% | 3.0% |
| Profit CAGR | 36.0% | 21.0% | 16.0% |
Shareholding Pattern
Promoters63.17%
FIIs6.36%
DIIs18.45%
Public12.02%
Promoters63.17%
FIIs6.23%
DIIs18.62%
Public11.98%
Promoters63.17%
FIIs6.28%
DIIs19.70%
Public10.85%
Promoters58.17%
FIIs7.23%
DIIs23.93%
Public10.63%
Promoters58.17%
FIIs9.52%
DIIs22.35%
Public9.88%
Promoters63.17%
FIIs8.58%
DIIs15.50%
Public12.76%
Promoters63.17%
FIIs8.76%
DIIs15.95%
Public12.14%
Promoters63.17%
FIIs7.19%
DIIs16.34%
Public13.29%
Promoters58.17%
FIIs7.23%
DIIs23.93%
Public10.63%
Promoters58.17%
FIIs9.52%
DIIs22.35%
Public9.88%
BHEL
Holdings Analysis
Key strengths & risk signals
79
Overall
78
Fundamental
80
Technical
Risks (1)
LOW MARGIN! 6.8% profit margin - thin profits.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (422.5) is above 200-day average (351.6) - positive signal.
EXCELLENT YEAR! Stock gained 79.3% in the last year.
STRONG! Trading at 90.2% of 52W range - near yearly highs.
Fundamental & Technical Analysis
79Overall
78Fundamental
80Technical
Fundamental Breakdown
Growth Quality
26/30
Revenue CAGR: 13.5% (GOOD, 11/15). Profit CAGR: 35.9% (EXCELLENT, 15/15).
Profit Margin
3/10
LOW MARGIN! 6.8% profit margin - thin profits.
PEG Valuation
8/10
FAIRLY VALUED! PEG of 1.73 indicates reasonable valuation.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.33% yield - little to no income.
Debt to Equity
8/10
LOW DEBT! D/E of 0.36 - strong balance sheet.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 12.71% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (422.5) is above 200-day average (351.6) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (433.6) is above both moving averages.
Trend Pattern
10/20
AT RESISTANCE! Stock is at key resistance level.
52W Performance
10/10
EXCELLENT YEAR! Stock gained 79.3% in the last year.
Volume Sentiment
25/30
BULLISH SENTIMENT! In last 30 days: 16 up days, 14 down days. Avg volume on up days: 9,555,114 vs down days: 6,927,611. Ratio: 1.38x
RSI
3/5
NEUTRAL! RSI at 53.5 - balanced momentum.
52W Range
5/5
STRONG! Trading at 90.2% of 52W range - near yearly highs.
Momentum
3/5
MIXED MOMENTUM! Price growth is inconsistent - 3.0% (1 week), -0.0% (1 month), 9.7% (3 months).
Beta
4/5
BELOW MARKET! Beta of 0.90 - slightly less volatile than market.
Peer Comparison
Industrials · Specialty Industrial Machinery · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | ₹433.60 | 62 | 6.8% | 13.5% | 35.9% | +79.3% | 79 | APPROACHING RESISTANCE | -182.7% | -70.8% | +40.3% | -37.5% |
| ABB | ₹6,780.00 | 92.4 | 21.3% | 15.4% | 18.0% | +30.5% | 75 | BREAKDOWN | +3.0% | -79.7% | +21.0% | +11.3% |
| CUMMINSIND | ₹4,830.00 | 56.6 | 18.7% | 16.1% | 24.4% | +19.5% | 70 | APPROACHING RESISTANCE | +0.9% | -6.2% | +18.1% | +13.9% |
| SIEMENS | ₹3,595.00 | 88.1 | 19.0% | 3.0% | 10.9% | +20.5% | 64 | BREAKDOWN | +406.7% | +479.0% | +8.4% | +2.1% |
| GVT&D | ₹4,194.40 | 81.9 | 19.4% | 31.1% | – | +39.4% | 72 | BREAKDOWN | +24.7% | +3.2% | +38.0% | +12.2% |
| SUZLON | ₹37.60 | 16.5 | 18.1% | 41.4% | 3.6% | -32.9% | 46 | BREAKDOWN | -5.9% | -72.6% | +22.5% | -30.2% |
| AIAENG | ₹3,737.70 | 27.5 | 27.8% | -3.4% | 6.4% | +17.9% | 61 | BREAKOUT | -1.3% | -23.4% | +12.4% | -7.8% |
| KIRLOSENG | ₹2,210.40 | 59 | 6.9% | 15.4% | 20.0% | +153.4% | 77 | APPROACHING RESISTANCE | -19.9% | -28.3% | +13.5% | -5.5% |
Data from TradeAlone · Updated daily
No news tagged for BHEL yet.
