Bharat Heavy Electricals

₹417.20As of Sun 8 Nov 2026, 12:00 UTC

NSE:BHELIndustrials

Country India

PE (Fwd) 75.92

TSR 10Y CAGR 17.20%

Div yield 0.34%

ROE —

Specialty Industrial Machinery

Beta (5Y) 0.90

PE TTM 90.78

TSR TTM 57.65%

Mkt cap ₹1.469T

ROIC —

SE Grade™

—

Value

Quality

Moat

—

1Y Price

Reference

₹477

14.24%

(48.96%)

Price above Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

337.8

Revenue₹B

—

212.1

233.6

238.9

283.4

337.8

369.5

12.34%

19.21

Revenue growth%

—

10.15

2.26

18.61

19.21

9.39

14.38

—

31.16

Gross margin%

—

29.65

29.62

28.93

32.74

31.16

29.65

4.72

Operating margin%

—

1.66

1.03

1.16

2.98

4.72

4.70

1.66

4.74

Net margin%

—

2.10

2.80

1.18

1.88

4.74

4.76

2.10

90.78

P/E ratio (avg)x

—

48.61

35.21

198.0

175.0

55.82

82.61

55.82

91.04

EV/EBITx

—

61.64

95.36

202.4

110.8

55.98

83.57

95.36

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

4.60

EPS₹

—

1.28

1.88

0.81

1.53

4.60

5.05

37.63%

—

199.73

EPS growth%

—

46.65

(56.86)

89.18

199.73

9.89

67.92

—

Bookvalue per sh₹

—

FCF per share₹

—

1.40

Dividend per sh₹

—

0.40

0.25

0.50

1.40

1.57

36.78%

—

0.34

Div yield (avg)%

—

0.64

0.60

0.16

0.19

0.55

0.38

0.55

30.46

Payout ratio%

—

31.25

21.29

30.86

32.68

30.46

31.10

30.86

3.482

Shares (diluted)B

—

3.482

◌3.482

—

Buyback yield%

—

◌—

—

D/E ratiox

—

1,453

Enterprise value₹B

—

216.8

230.3

558.8

934.4

893.3

1,453

42.48%

—

LT debt₹M

—

Peers (US$15.54B)

Cap (US$)

ABB India Limited

15.32B

48.04x

Siemens Limited

13.50B

38.14x

Cummins India Limited

11.95B

49.84x

IDEX Corporation

16.67B

31.52x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

2.239

1.180

Own earn%

—

Sh yield%

0.34

0.37

Owners

Insiders/Inst%

—

24.77

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

5/5

Revenue growth years

4/4

EPS growth years

3/4

Dividend streakyrs

Op margin range%

1–5

$1 testx

—

Incr. ROIC%

—

Bharat Heavy Electricals Limited operates as power plant equipment manufacturer in India and internationally. The company operates in two segments, Power and Industry.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹337.8B

12.34%

1.00×

Cost of revenue

₹232.6B

11.73%

0.98×

Operating expenses

₹89.30B

10.74%

0.94×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m