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Bharat Heavy Electricals Ltd

BHEL Share Price

230.500.01% (-0.03)

BHEL Share Price Chart

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IndustrialsHeavy Electrical Equipments
MidcapWith a market cap of ₹80,272 cr, stock is ranked 125
High RiskStock is 3.04x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsHeavy Electrical Equipments
MidcapWith a market cap of ₹80,272 cr, stock is ranked 125
High RiskStock is 3.04x as volatile as Nifty

BHEL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
154.653.280.11%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
43.246.280.65%

BHEL Analyst Ratings & Forecast

Detailed Forecast 
44%
Analysts have suggested that investors can buy this stock

from 16 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

BHEL Company Profile

Bharat Heavy Electricals Limited (BHEL) is an engineering and manufacturing company engaged in the designing and manufacturing of a range of products and services for various sectors, such as power, transmission, industry, transportation etc.

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BHEL Sentiment Analysis
New
Crisp summary & key insights to decode earnings calls instantly

BHEL Stock Summary · May 2024

BHEL is poised for growth, driven by a robust order book of approximately Rs. 78,000 crores and strategic diversification into sectors like defense and battery energy storage. However, the company faces execution challenges, particularly with major projects like the Vande Bharat train, which may strain liquidity due to delayed revenue recognition. While market sentiment remains cautiously optimistic, concerns about cash flow persist, exacerbated by a shift towards milestone-linked payments and a decline in net cash from operations. Efforts to enhance vendor engagement and improve operational efficiency are underway, aiming to mitigate supply chain disruptions and capitalize on emerging market opportunities. Overall, BHEL's commitment to innovation and strategic partnerships positions it well for future growth, despite the complexities of managing legacy orders and market dynamics.

Key Points on Bhel Stock
BHEL Stock Growth Drivers
6
  • Strong Order Book and Financial Performance

    Bharat Heavy Electricals Limited (BHEL) achieved its highest-ever order book of approximately Rs. 78,000 crores

  • Diversification and Strategic Partnerships

    BHEL is actively pursuing diversification efforts and strategic partnerships to explore new business opportunities. This

BHEL Stock Challenges
5
  • Declining Gross Margins

    The company has experienced a consistent decline in gross margins over the past seven years,

  • Cash Flow Challenges

    There has been a significant decline in net cash from operating activities, dropping to (-3,712)

BHEL Forecasts

Price

Revenue

Earnings

BHEL

Income

Balance Sheet

Cash Flow

BHEL Income Statement

Industry refers to the sub-sector this company belongs to.
Lower than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of -4.66%, vs industry avg of 1.66%

Decreasing Market Share
Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 47.83% to 33.58%

Lower than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -22.43%, vs industry avg of 32.42%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue27,012.7129,230.2229,506.7231,102.9022,053.1617,701.2521,616.0523,909.5924,503.0328,141.67
Raw Materialssubtract13,028.8813,125.8812,102.7814,982.7311,781.648,158.569,204.1510,532.6111,984.7326,468.61
Power & Fuel Costsubtract499.47451.55463.62496.94459.41319.57415.08487.67452.20
Employee Costsubtract5,387.335,402.716,075.555,509.255,431.885,378.155,519.055,700.635,628.84
Selling & Administrative Expensessubtract1,032.501,448.061,365.751,795.591,542.871,136.641,047.141,142.851,145.12
Operating & Other expensessubtract6,929.156,953.827,166.655,624.622,380.495,364.454,197.924,457.693,972.94
Depreciation/Amortizationsubtract936.70849.79787.33475.74503.27473.25314.12260.34248.90255.34
Interest & Other Itemssubtract359.81412.84330.17378.29612.67466.56448.13612.19827.64740.22
Taxes & Other Itemssubtract-457.00128.31773.71834.64806.94-898.8224.4361.49-39.56158.43
EPS-1.921.251.202.81-4.21-7.751.281.880.811.49
DPS0.271.051.822.000.000.000.400.400.250.25
Payout ratio0.851.510.710.000.000.310.210.310.17

BHEL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

Feb 13PDF
Feb 10PDF
 

BHEL Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsHeavy Electrical Equipments

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Bharat Heavy Electricals Ltd284.433.280.11%
ABB India Ltd64.6817.110.77%
CG Power and Industrial Solutions Ltd70.7333.440.20%
Hitachi Energy India Ltd378.5645.590.03%

BHEL Stock Price Comparison

Compare BHEL with any stock or ETF
Compare BHEL with any stock or ETF
BHEL
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BHEL Shareholdings

BHEL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

BHEL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

BHEL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding63.17%6.09%10.26%7.19%13.29%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

BHEL Shareholding History

Dec '23MarJunSepDec '24Mar7.04%8.75%9.10%9.49%7.98%7.19%

Mutual Funds Invested in BHEL

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Bharat Heavy Electricals Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.7415%1.07%0.05%124/244 (0)
0.4557%1.10%0.36%65/102 (+9)
0.3744%0.82%0.54%78/115 (+27)

Compare 3-month MF holding change on Screener

BHEL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing BHEL stock

Looks like this stock is not in any smallcase yet.

BHEL Events

BHEL Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

BHEL Upcoming Dividends

No upcoming dividends are available

BHEL Past Dividends

Cash Dividend

Ex DateEx DateAug 9, 2024

Final
Final | Div/Share: ₹0.25

Dividend/Share

0.25

Ex DateEx Date

Aug 9, 2024

Cash Dividend

Ex DateEx DateAug 11, 2023

Final
Final | Div/Share: ₹0.40

Dividend/Share

0.40

Ex DateEx Date

Aug 11, 2023

Cash Dividend

Ex DateEx DateSep 15, 2022

Final
Final | Div/Share: ₹0.40

Dividend/Share

0.40

Ex DateEx Date

Sep 15, 2022

Cash Dividend

Ex DateEx DateSep 11, 2019

Final
Final | Div/Share: ₹1.20

Dividend/Share

1.20

Ex DateEx Date

Sep 11, 2019

Cash Dividend

Ex DateEx DateFeb 12, 2019

Interim
Interim | Div/Share: ₹0.80

Dividend/Share

0.80

Ex DateEx Date

Feb 12, 2019

BHEL Stock News & Opinions

Spotlight
BHEL records nearly 19% YoY growth in FY25 revenue; orderbook at Rs 1.95 lakh crore

The company also secured its highest-ever order inflows during the year, amounting to Rs 92,534 crore. In the power sector, BHEL maintained its leadership by winning orders worth Rs 81,349 crore. The industrial segment recorded fresh orders worth Rs. 11,185 crores, reflecting the company's diversified presence across sectors such as transportation, defence, process industries, and industrial equipment. On the execution front, BHEL commissioned/synchronised 8.1 GW of power capacity, demonstrating its continued focus on project delivery and operational efficiency. With this, BHEL's total order book at the end of FY 2024'25 stands at Rs 1,95,922 crore,' the company said in a statement. Navratna PSU BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 March 2025, the Government of India held a 63.17% stake in the company. The company's consolidated net profit zoomed 123.34% to Rs 134.70 crore in Q3 FY25 as against Rs 60.31 crore posted in Q3 FY24. Revenue from operations grew by 32.21% year on year (YoY) to Rs 7,277.09 crore in the quarter ended 31 December 2024. The scrip fell 1.73% to currently trade at Rs 223.45 on the BSE. Powered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
BHEL inks tech transfer agreement with BARC

As part of the agreement, the company will retrieve indigenous diaphragm technology for electrolysers. This is a critical step in furthering India's green hydrogen ambitions. The deal is emphasized on BARC's Mixed-Matrix Membrane Diaphragm Technology, which shall be utilised in electrolyser systems to separate hydrogen and oxygen during electrolysis. This technology is yet another cost-effective option for imported materials such as Zirfon and asbestos-based diaphragms. Currently, it is used in many systems. With this action, the company's role in clean energy transformation is strengthened and is backed by the wider adoption of green hydrogen by making local production more suitable within the country. Electrolysers are crucial in producing green hydrogen and are generated using renewable electricity and seen as a clean alternative for industries such as steel, fertilisers, and transportation. Navratna PSU BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 December 2024, the Government of India held a 63.17% stake in the company. The company's consolidated net profit zoomed 123.34% to Rs 134.70 crore in Q3 FY25 as against Rs 60.31 crore posted in Q3 FY24. Revenue from operations grew by 32.21% year on year (YoY) to Rs 7,277.09 crore in the quarter ended 31 December 2024. Shares of Bharat Heavy Electricals (BHEL) rose 0.22% to Rs 226.45 on the BSE. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
BHEL gains after signing strategic MoU with Nuovo Pignone for Fertilizer Sector

BHEL will act as the lead bidder, while Nuovo Pignone will be a nominated vendor with defined responsibilities. The agreement, effective from 9 April 2025, will last for ten years and is expected to enhance the company's market share in the sector without forming a new entity or involving any upfront payment. This strategic tie-up will allow BHEL to address compressor revamp opportunities in India's fertilizer sector, with an estimated business share of approximately 50% in financial terms. Navratna PSU BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 December 2024, the Government of India held a 63.17% stake in the company. The company's consolidated net profit zoomed 123.34% to Rs 134.70 crore in Q3 FY25 as against Rs 60.31 crore posted in Q3 FY24. Revenue from operations grew by 32.21% year on year (YoY) to Rs 7,277.09 crore in the quarter ended 31 December 2024.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
BHEL consortium wins Bhadla-Fatehpur UHVDC transmission project

Bharat Heavy Electricals (BHEL), in consortium partnership with Hitachi Energy India, has signed a contract with Rajasthan Part I Power Transmission, a 100% subsidiary of Adani Energy Solutions (AESL) to design and execute 6,000 MW, '800 kV, bi pole and bi-directional high-voltage direct current (HVDC) terminals to transmit renewable energy from Bhadla in Rajasthan to the industrial and transport hub in Fatehpur, Uttar Pradesh. Expected to be established by 2029, this HVDC link will significantly contribute towards the national mission to achieve 500 GW of power from Renewable Energy by 2030. Notably, a strong HVDC system ensures bi-directional power flow control and grid stability to meet India's rapid pace of renewable energy integration. This project demonstrates BHEL's sustained commitment to the 'Make in India' initiative of the Govt. of India. Significantly, this is the fourth Ultra High Voltage Direct Current (UHVDC) transmission project contract awarded to BHEL. The company has already executed the North-East Agra + 800 kV, 6,000 MW, Multi Terminal HVDC link and + 800 kV, 6,000 MW Raigarh-Pugalur HVDC link and is currently executing + 800 kV, 6,000 MW Khavda-Nagpur HVDC link jointly with Hitachi Energy India Limited (erstwhile ABB). For this project, among other equipment and systems, BHEL will supply Converter Transformers, Shunt Reactors, Filter Bank Capacitors, MV Switchgear & Instrument Transformers from its Bhopal Plant and Thyristor Valves from its Electronics Division, Bengaluru. These valves will be used to convert AC Power at Bhadla into DC power for transmitting it over a HVDC transmission line of over 950 kms and then converting it back to AC at the Fatehpur end to evacuate power. Besides these, the company's Transmission Business Group will design, supply and install the mega size 765 kV/400 kV power evacuation system at the Fatehpur terminal and 400 kV AC sub-station at Bhadla and Bhadla Extension. BHEL has been associated with major HVDC projects in India since the inception of state-of-the-art technology solutions in the Indian grid, like Rihand-Dadri, Chandrapur-Padghe, Ballia-Bhiwadi, North East -Agra and Raigarh-Pugalur HVDC links and has established manufacturing facilities for HVDC products up to 800 kV. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
BHEL receives LoI for EPC project of 2x660 MW Korba West STPP

Bharat Heavy Electricals (BHEL) has received a Letter of Intent (LoI) from Chhattisgarh State Power Generation Company (CSPGCL) for EPC package of 2x660 MW Korba West STPP. The order is valued at Rs 11,800 crore. The project involves - (i) Supply of supercritical equipment - Boiler, Turbine, Generator and associated auxiliaries along with electrical, C&I, Balance of Plant Packages, (ii) Erection & Commissioning Works, and (iii) Civil Works. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
BHEL rallies on securing Rs 11,800-cr LoI from CSPGCL for Korba West STPP

The LoI was awarded by Chhattisgarh State Power Generation Company (CSPGCL) for the Engineering, Procurement, and Construction (EPC) package of the 2x660 MW Korba West Super Thermal Power Project (STPP). The order involves the supply of supercritical equipment'boilers, turbines, generators, and associated auxiliaries'along with electrical, control and instrumentation (C&I), balance of plant packages, erection and commissioning works and civil works. The total value of the order is approximately Rs 11,800 crore and the project is expected to be completed with commercial operations within 60 months. The company also clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity. Navratna PSU BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 December 2024, the Government of India held a 63.17% stake in the company. The company's consolidated net profit zoomed 123.34% to Rs 134.70 crore in Q3 FY25 as against Rs 60.31 crore posted in Q3 FY24. Revenue from operations grew by 32.21% year on year (YoY) to Rs 7,277.09 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
BHEL receives LoI for Rs 7,500 cr 1x800 MW Ukai Extn. Unit-7 TPS

Bharat Heavy Electricals (BHEL) has received Letter of Intent (LOI) from Gujarat State Electricity Corporation (GSECL) for EPC package of 1x800 MW Ukai Extn. Unit-7 TPS in Tapi District, Gujarat. The project valued at Rs 7,500 crore entails Supply of equipment - Boiler, Turbine, Generator and associated auxiliaries along with electrical and C Erection and Erection & Commissioning Works. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
BHEL gains on bagging Rs 7,500-cr LoI from GSECL

The company has received LOI on 20 March 2025, which pertains to the engineering, procurement and construction (EPC) package for the 1x800 MW Ukai Extension Unit No 7 Thermal Power Station (TPS) in Tapi District, Gujarat. The scope of the order includes the supply of equipment such as boilers, turbines, generators, and associated auxiliaries, along with electrical and instrumentation (C&I) systems, balance of plant packages, as well as erection, commissioning and civil works. The total value of the order is Rs 7,500 crore, with the commercial operation expected within 54 months. The company clarified that the contract does not fall under related party transactions and the promoter group has no interest in the awarding entity. Navratna PSU BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 December 2024, the Government of India held a 63.17% stake in the company. The company's consolidated net profit zoomed 123.34% to Rs 134.70 crore in Q3 FY25 as against Rs 60.31 crore posted in Q3 FY24. Revenue from operations grew by 32.21% year on year (YoY) to Rs 7,277.09 crore in the quarter ended 31 December 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Bharat Heavy Electricals Ltd gains for third consecutive session

Bharat Heavy Electricals Ltd gained for a third straight session today. The stock is quoting at Rs 197.1, up 2.26% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. Bharat Heavy Electricals Ltd has slipped around 3.78% in last one month. Meanwhile, Nifty Energy index of which Bharat Heavy Electricals Ltd is a constituent, has slipped around 5.96% in last one month and is currently quoting at 30239.15, up 2.81% on the day. The volume in the stock stood at 78.18 lakh shares today, compared to the daily average of 144.51 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 197.15, up 2.11% on the day. Bharat Heavy Electricals Ltd is down 22.77% in last one year as compared to a 0.46% drop in NIFTY and a 23.15% drop in the Nifty Energy index.The PE of the stock is 135.46 based on TTM earnings ending December 24.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
BHEL bags Rs 6,700 crore power project from Singareni Collieries

The project, valued at approximately Rs 6,700 crore, will be located in the Mancherial district of Telangana, India. This domestic EPC contract was secured through domestic competitive bidding. The project entails supply, erection, testing, and commissioning of the boiler, turbine, generator, flue gas desulfurization (FGD), and associated auxiliaries, along with electrical and control & instrumentation (C&I) systems, and balance of plant packages. Completion of the facilities is scheduled within 48 months. Navratna PSU BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 December 2024, the Government of India held a 63.17% stake in the company. BHEL's consolidated net profit zoomed 123.34% to Rs 134.70 crore while revenue from operations grew by 32.21% to Rs 7,277.09 crore in Q3 December 2024 over Q3 December 2023. Shares of BHEL fell 4.17% to settle at Rs 193.15 on Friday, 14 February 2025. Powered by Capital Market - Live

2 months agoCapital Market - Live

Frequently asked questions

  1. What is the share price of Bharat Heavy Electricals Ltd (BHEL) today?

    The share price of BHEL as on 24th April 2025 is ₹230.50. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Bharat Heavy Electricals Ltd (BHEL) share?

    The past returns of Bharat Heavy Electricals Ltd (BHEL) share are
    • Past 1 week: 1.22%
    • Past 1 month: 7.76%
    • Past 3 months: 15.14%
    • Past 6 months: 1.41%
    • Past 1 year: -12.71%
    • Past 3 years: 327.25%
    • Past 5 years: 1016.22%

  3. What are the peers or stocks similar to Bharat Heavy Electricals Ltd (BHEL)?
  4. What is the dividend yield % of Bharat Heavy Electricals Ltd (BHEL) share?

    The current dividend yield of Bharat Heavy Electricals Ltd (BHEL) is 0.11.

  5. What is the market cap of Bharat Heavy Electricals Ltd (BHEL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Bharat Heavy Electricals Ltd (BHEL) is ₹80272.01 Cr as of 24th April 2025.

  6. What is the 52 week high and low of Bharat Heavy Electricals Ltd (BHEL) share?

    The 52-week high of Bharat Heavy Electricals Ltd (BHEL) is ₹335.35 and the 52-week low is ₹176.

  7. What is the PE and PB ratio of Bharat Heavy Electricals Ltd (BHEL) stock?

    The P/E (price-to-earnings) ratio of Bharat Heavy Electricals Ltd (BHEL) is 284.43. The P/B (price-to-book) ratio is 3.28.

  8. Which sector does Bharat Heavy Electricals Ltd (BHEL) belong to?

    Bharat Heavy Electricals Ltd (BHEL) belongs to the Industrials sector & Heavy Electrical Equipments sub-sector.

  9. How to buy Bharat Heavy Electricals Ltd (BHEL) shares?

    You can directly buy Bharat Heavy Electricals Ltd (BHEL) shares on Tickertape. Simply sign up, connect your demat account and place your order.