NSE BHEL · BSE 500103 · Misc. Capital Goods · NIFTY 500

Bharat Heavy Electricals Share Price

Market closed · NSE price as of Thu 24 Sep, 8:45 AM IST
₹417.20 ▼ −₹5.54 · 1.31%
Day range · 24 Sep
₹416.70Low₹422.75High
52-week range
₹220.10Low · 24 Oct 2025₹446.75High · 17 Jul 2026

Bharat Heavy Electricals Overview

Where the price stands, how it has moved and how it sits against its averages.

Bharat Heavy Electricals shares last traded at ₹417.20 on the NSE, down 1.31% on the day. That is 6.6% below the 52-week high of ₹446.75 and 89.6% above the 52-week low of ₹220.10. The stock trades at 59.76× earnings, above the sector average of 42.55. Its market value is ₹1,45,359 Cr.

Price returns

1 Day▼ −1.31%
1 Week0.00%
This month▼ −4.42%
3 Months▲ +5.01%
6 Months▲ +61.46%
This year▲ +47.19%
1 Year▲ +77.23%

Against the market: 1 Month ▲ +5.43% · 3 Months ▲ +8.05% · 6 Months ▲ +62.42% · This year ▲ +67.63% · 1 Year ▲ +94.46%

Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next check from Fri 16 Oct, 9:15 AM. Its quotes are not real-time — the time at the top shows how current the price is.

Moving averages — price is above 2 of 6

  1. 5-day average₹427.78 ▼ price 2.5% below
  2. 20-day average₹426.82 ▼ price 2.3% below
  3. 10-day average₹426.81 ▼ price 2.3% below
  4. 50-day average₹419.31 ▼ price 0.5% below
  5. Today's price₹417.20
  6. 100-day average₹407.68 ▲ price 2.3% above
  7. 300-day average₹340.13 ▲ price 22.7% above

Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.

Bharat Heavy Electricals Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
33,782
Net profit₹ crore · losses below zero
−2,697
1,600

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹33,782 Cr ▲ +19.2% ₹1,600 Cr 4.7% ₹4.60 ₹1.40
FY 2025 ₹28,339 Cr ▲ +18.6% ₹534 Cr 1.9% ₹1.53 ₹0.50
FY 2024 ₹23,893 Cr ▲ +2.3% ₹282 Cr 1.2% ₹0.81 ₹0.25
FY 2023 ₹23,365 Cr ▲ +10.2% ₹654 Cr 2.8% ₹1.88 ₹0.40
FY 2022 ₹21,211 Cr ▲ +22.5% ₹446 Cr 2.1% ₹1.28 ₹0.40
FY 2021 ₹17,309 Cr ▼ −19.4% −₹2,697 Cr −15.6% −₹7.75 —
FY 2020 ₹21,463 Cr — −₹1,466 Cr −6.8% −₹4.21 —

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
66%
34%
  • Total assets₹76,186 Cr
  • Total liabilities₹50,039 Cr
  • Shareholders' equity₹26,147 Cr
  • Total debt₹8,187 Cr
  • Cash & investments₹10,849 Cr
  • Current ratio1.59×
  • Revenue growth, 5 yr14.31% a year
  • Operating margin (TTM)8.50%
  • Net margin (TTM)6.76%

Cash flow — FY26

Operating activities
▲ ₹5,837 Cr
Investing activities
▼ −₹3,035 Cr
Financing activities
▼ −₹1,806 Cr
Free cash flow
▲ ₹5,248 Cr
Net change in cash
▲ ₹996 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue21,463.1417,308.6921,211.0923,364.9423,892.7828,339.4833,782.18
Cost of revenue14,843.8012,492.7215,497.8517,086.9117,582.3519,682.2423,865.59
Gross profit6,619.344,815.975,713.246,278.036,310.438,657.249,916.59
Operating expenses22,638.5120,989.0620,870.9623,132.3223,632.3427,496.2632,186.39
Operating income−1,175.37−3,680.37340.13232.62260.44843.221,595.79
Depreciation503.27473.25314.12260.34248.90271.96315.84
Profit before tax−659.07−3,595.93470.46715.61242.66745.602,138.61
Tax809.28−896.2325.7561.49−39.56211.70538.35
Net profit−1,466.01−2,697.11446.03654.12282.22533.901,600.26
EPS (₹)−4.21−7.751.281.880.811.534.60
Dividend per share (₹)——0.400.400.250.501.40

Bharat Heavy Electricals vs Peers

Side by side with other misc. capital goods companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yield
Bharat Heavy Electricals This stock ₹417.20 ▼ −1.31% ₹1,45,359 Cr 59.76 5.56 2.79% 6.76% 0.34%
Suzlon Energy ₹40.69 ▼ −3.92% ₹55,931 Cr 22.83 7.54 80.16% 18.97% —
Thermax ₹3,417.75 ▼ −1.30% ₹40,850 Cr 73.40 10.01 13.07% 6.74% 0.30%
Voltas ₹1,117.10 ▼ −1.05% ₹36,963 Cr 112.53 6.97 7.28% 3.51% 0.30%
AIA Engineering ₹3,956.00 ▼ −0.37% ₹36,965 Cr 34.07 5.40 17.05% 28.71% 0.34%
Blue Star ₹1,525.80 ▼ −0.47% ₹31,373 Cr 62.06 10.11 20.65% 4.25% 0.50%

Peer prices and ratios as last reported by the data provider. Company names link to their own pages.

Shareholding Pattern

Who owns Bharat Heavy Electricals shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
58.2%
9.5%
11.4%
20.9%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter63.17%63.17%58.17%58.17% 0.00 pts
FII6.23%6.28%7.23%9.52% ▲ +2.29 pts
MF7.64%8.84%12.88%11.40% ▼ −1.48 pts
Other22.96%21.71%21.72%20.91% ▼ −0.81 pts

Bharat Heavy Electricals Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

Bharat Heavy ElectricalsBenchmarkRule-of-thumb bands

Valuation The price against earnings, book value and sales

P/E (TTM)Price ÷ yearly earnings per share
59.76
▲ 40% above the sector average of 42.55
P/E, 12-month rangeLow 22.17 · high 1,018.68
4%
Today's P/E sits 4% of the way from its low to its high
P/BPrice ÷ book value per share
5.56
P/SMarket cap ÷ last 12 months' revenue
4.04
P/CFPrice ÷ cash flow per share
53.46
PEGP/E ÷ earnings growth rate
1.74

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
32.23%
▲ above its 5-yr average of 28.24%
Operating marginKept after running costs
8.50%
▲ above its 5-yr average of 2.51%
Pre-tax marginKept before tax
9.04%
▲ above its 5-yr average of 3.30%
Net marginKept as profit
6.76%
▲ above its 5-yr average of 2.69%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
6.29%
▲ above its 5-yr average of 2.79%
Return on assetsProfit on everything it owns
2.22%
▲ above its 5-yr average of 1.15%
Return on investmentProfit on long-term capital
3.82%
▲ above its 5-yr average of 1.94%
Return on capital employedProfit before interest and tax on equity + debt
6.28%

Growth Is the business getting bigger?

Revenue — last 12 months
+27.0%
▲ growing (off the scale)
Revenue — 3 yr, a year
+13.1%
▲ growing
Revenue — 5 yr, a year
+14.3%
▲ growing
Net profit — 3 yr, a year
+34.7%
▲ growing (off the scale)
EPS — last 12 months
+518.6%
▲ growing (off the scale)
EPS — 3 yr, a year
+34.7%
▲ growing (off the scale)
Dividend — 3 yr, a year
+51.8%
▲ growing (off the scale)
Book value — 5 yr, a year
+0.1%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.31×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
1.59×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.17×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
4.66×
• Adequate
Payout ratioShare of profit paid as dividend
30.43%
✓ Balanced

Per share What each share stands for

EPS (TTM)
₹6.98
Book value
₹75.09
Cash flow
₹7.91
Dividend
₹1.40
Revenue
₹103.35

The share price is 5.56× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 107 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year92.06
Current Dividend Yield - Common Stock Primary Issue, LTM0.33
Price to Book - most recent fiscal year5.63
P/E Basic excluding extraordinary items - TTM59.31
P/E including extraordinary items - TTM60.60
P/E excluding extraordinary items low, trailing 12 months22.17
Price to Tangible Book - most fiscal year5.67
Dividend Yield - 5 Year Average0.36
Price to sales - most recent fiscal year4.36
Dividend Yield - indicated annual dividend divided by closing price0.33
Price to Cash Flow per share - trailing 12 month53.46
Peg Ratio1.74
Price to Free Cash Flow per Share - most recent fiscal year29.04
P/E Normalized, most recent fiscal year92.63
P/E excluding extraordinary items high, trailing 12 months1,018.68
P/E excluding extraordinary items, most recent fiscal year quarter60.60
Price to sales - trailing 12 month4.09
Net Debt, LFY−26,624.50

Per share

Dividend Per Share - 5 year average0.59
Cash Flow per share - trailing 12 month7.91
Cash Flow per share - most recent fiscal year5.50
EPS including extraordinary items - trailing 12 month6.98
EPS including extraordinary items - most recent fiscal year4.60
EBITD per share - trailing 12 month9.71
Revenue/share - trailing 12 month103.35
EPS excluding extraordinary items - trailing 12 month6.98
EPS Basic excluding extraordinary items - most recent fiscal year4.60
EPS Basic excluding extraordinary items - trailing 12 month6.98
Book value per share - most recent fiscal year75.09
Dividend per share - most recent fiscal year1.40
Revenue/share - most recent fiscal year97.02
EPS Normalized - most recent fiscal year4.57
Book value (tangible) per share - most recent fiscal year74.63
Dividends per share - trailing 12 month1.40
EPS excluding extraordinary items - most recent fiscal year4.60
Cash per share - most recent fiscal year31.16

Margins

Operating margin - trailing 12 month8.50
Gross Margin - 5 year average28.24
Operating margin - 1st historical fiscal year4.72
Operating Margin - 5 year average2.51
Net Profit Margin % - 1st historical fiscal year4.74
Gross Margin - 1st historical fiscal year29.35
Net Profit Margin % - trailing 12 month6.76
Net Profit Margin - 5 year average2.69
Pretax Margin - 5 year average3.30
Pretax margin - 1st historical fiscal year6.33
Pretax margin - trailing 12 month9.04
Free Operating Cash Flow/Revenue, 5 Year Average1.72
Gross Margin - trailing 12 month32.23

Growth

EPS Change %, TTM over TTM518.55
Revenue growth rate, 5 year14.31
Revenue Change % - most recent quarter 1 year ago40.29
Growth rate% - dividend, 3 year51.83
Growth rate% - EPS, 3 year34.74
Revenue/share (5 yr growth)14.31
Free Operating Cash Flow, 5 Year CAGR74.84
Tangible Book Value, Total Equity, 5 Year CAGR0.06
Capital Spending growth rate, 5 year18.66
Revenue Change %, TTM over TTM27.00
Growth rate% - Revenue, 3 year13.08
Book value per share growth rate, 5 year0.13
EPS Change % - most recent quarter 1 year ago182.44
Total Debt, 5 Year CAGR10.58

Financial strength

Free Cash Flow - most recent fiscal year50,737.00
LT debt/equity - most recent fiscal year0.01
Quick ratio - most recent fiscal year1.17
Payout ratio - trailing 12 month20.04
Current ratio - most recent fiscal year1.59
Current EV/Free Cash Flow, LFY125.53
Total debt/total equity - most recent fiscal year0.31
Net Interest coverage - trailing 12 month4.66
Payout ratio - most recent fiscal year30.46

Returns & efficiency

Return on average equity - 5 year average2.79
Net Income/employee - trailing 12 month6,11,419.20
Revenue/employee - most recent fiscal year83,49,938.00
Return on investment - most recent fiscal year3.82
Return on average assets - most recent fiscal year2.22
Receivables turnover - most recent fiscal year1.54
Inventory turnover - most recent fiscal year2.02
Revenue/employee - trailing 12 month90,47,102.00
Return on average assets - 5 year average1.15
Net Income/employee - most recent fiscal year3,95,536.10
Asset turnover - most recent fiscal year0.47
Return on average equity - most recent fiscal year6.29
Return on investment - 5 year average1.94

Price & volume

Market Cap1,45,236.86
52 week Low Date24 Oct 2025
Price - 1 Day % Change−0.63
Relative (S&P500) price percent change - 13 week8.05
Avg trading volume last 10 days6.49
Price - 13 week price percent change5.01
Price - 52 week price percent change77.23
Avg Trading Volume Last 3 months230.65
Price - 5 Day % Change3.04
Price % Change Month To Date−4.42
Relative (S&P500) price percent change - 04 week5.43
52 week High Date17 Jul 2026
Price - 26 week price percent change61.46
PDATE23 Sep 2026
Price - YTD price percent change47.19
Relative (S&P500) price percent change - 52 week94.46
NPRICE423.10
Relative (S&P500) price percent change - 26 week62.42
52 week Low229.54
52 week High446.50
Beta2.10
Relative (S&P500) price percent change - Year to Date67.63

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹1.40
  • Dividend yield0.34%
  • Payout ratio30.43%
  • 5-year average dividend₹0.59 a share
  • Latest dividend₹1.40 per share · 17 Jul 2026

Corporate calendar

  • MeetingAnnual General Meeting
  • Dividend₹1.40 per share · 70% · Final dividend
  • BoardQuarterly Results
  • BoardAudited Results
  • BoardQuarterly Results
  • MeetingPostal Ballot
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
Show 11 older events
  • BoardQuarterly Results
  • Dividend₹0.50 per share · 25% · Final dividend
  • MeetingAnnual General Meeting
  • BoardAudited Results & Final Dividend
  • BoardQuarterly Results
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
  • Dividend₹0.25 per share · 13% · Final dividend
  • MeetingAnnual General Meeting
  • Dividend₹0.40 per share · 20% · Final dividend
  • Dividend₹0.40 per share · 20% · Final dividend

About Bharat Heavy Electricals

Misc. Capital Goods

Bharat Heavy Electricals Limited is an engineering and manufacturing company. The Company offers comprehensive portfolio of products, systems and services in the areas of power-thermal, hydro, gas, nuclear & solar PV; transmission; transportation; defence & aerospace; oil & gas and areas like battery energy storage systems (BESS) and electric vehicle chargers. The Company operates through two business segments: Power and Industry. The Power segment comprises equipment supplies and EPC works for coal and lignite, gas, hydro and nuclear power plant businesses and spares & services business. The Industry segment caters to major equipment supplies and engineering, procurement and construction (EPC) works for a number of industries, including transportation, transmission, defense, aerospace, captive power plants, process industries, renewables, upstream and downstream oil & gas, and energy storage, among others. The Company's other services are construction and maintenance of power plants.

Key people

  • Koppu Sadashiv MurthyChairman of the Board, Managing Director
  • Rajesh Kumar DwivediChief Financial Officer, Whole Time (Functional) Director, Director - Finance
  • Yogesh R. ChhabraCompliance Officer, Company Secretary
  • Heeralal BharaniGeneral Manager - (Corp HSE), Noida
  • Sanjay GuhaGeneral Manager & Head (PMG), PS-BG I, Noida
  • Ajay KumarGeneral Manager, Head (PEM & CPC), Noida

Company facts

  • NSE symbolBHEL
  • BSE code500103
  • ISININE257A01026
  • IndustryMisc. Capital Goods
  • IndexNIFTY 500
  • Market cap₹1,45,359 Cr
  • Revenue (FY26)₹33,782 Cr
  • Net profit (FY26)₹1,600 Cr

In the News

Recent headlines about Bharat Heavy Electricals — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider. It is not real-time and can be delayed, so check the price with your broker before you trade. This page is for information and education only. It is not investment advice, research or a recommendation to buy, sell or hold any security. Investments in the securities market are subject to market risks; read all related documents carefully before investing. See all stocks →

Frequently Asked Questions

Bharat Heavy Electricals (NSE: BHEL) last traded at ₹417.20 on the NSE, down 1.31% (₹5.54) on the day, as of 24 Sep 2026, 8:45 AM IST. On the BSE it was ₹417.45. The day's range was ₹416.70 – ₹422.75.

Bharat Heavy Electricals's 52-week high is ₹446.75 (17 Jul 2026) and its 52-week low is ₹220.10 (24 Oct 2025). At ₹417.20 the share is 6.6% below its high and 89.6% above its low.

Bharat Heavy Electricals's market capitalisation is ₹1,45,359 Cr (₹1.45L Cr). It is part of the NIFTY 500 index.

Bharat Heavy Electricals's P/E ratio (trailing 12 months) is 59.76. The sector average is 42.55, so investors pay 40% more for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹6.98.

Bharat Heavy Electricals shares are up 77.23% over the last year, up 47.19% so far this year, up 61.46% over 6 months, up 5.01% over 3 months. Over the last year the stock did 94.46% better than the market.

In FY26 (year to Mar 2026), Bharat Heavy Electricals reported revenue of ₹33,782 Cr (up 19.21% on the year before) and a net profit of ₹1,600 Cr. Earnings per share were ₹4.60.

Yes. Bharat Heavy Electricals's latest dividend is ₹1.40 per share (70%, final dividend), with an ex-date of 17 Jul 2026. The dividend yield is 0.34%. It has paid 5 dividends in the records shown on this page.

As of Jun 2026: Promoter 58.17%, FII 9.52%, MF 11.40%, Other 20.91%.

Bharat Heavy Electricals's listed peers in Misc. Capital Goods include Suzlon Energy, Thermax, Voltas, AIA Engineering, Blue Star. By market capitalisation it ranks #1 of 6 in this group.

No. Bharat Heavy Electricals has debt — its debt-to-equity ratio is 0.31 and total debt was ₹8,187 Cr in FY26.