Bharat Heavy Electricals Ltd Stock Price Today (NSE: BHEL)
Fundamental Score
Bharat Heavy Electricals Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Bharat Heavy Electricals Ltd share price today is ₹407.00, up +0.99% on NSE/BSE as of 31 July 2026. Bharat Heavy Electricals Ltd (BHEL) is a Large-cap company in the Heavy Electrical Equipment sector with a market capitalisation of ₹1.46L (Cr). The 52-week high for BHEL share price is ₹446.50 and the 52-week low is ₹205.12. At a P/E ratio of 91.87x, BHEL is currently trading above its industry average P/E of 38.29x. The company has a Return on Equity (ROE) of 6.23% and a debt-to-equity ratio of 0.31.
Bharat Heavy Electricals Ltd Share Price Chart — NSE/BSE Historical Performance
Bharat Heavy Electricals Ltd share price chart: -1.68% return over the past month. 52-week high ₹446.50, 52-week low ₹205.12.
Bharat Heavy Electricals Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹406.00 | ₹412.35 | ₹405.95 | ₹407.00 | 68.68L (Cr) | |
| ₹406.00 | ₹406.00 | ₹399.75 | ₹403.00 | 58.73L (Cr) | |
| ₹408.00 | ₹408.45 | ₹395.50 | ₹405.15 | 105.23L (Cr) | |
| ₹415.95 | ₹415.95 | ₹403.20 | ₹405.75 | 69.49L (Cr) | |
| ₹420.00 | ₹422.40 | ₹412.90 | ₹415.95 | 90.43L (Cr) | |
| ₹405.00 | ₹418.00 | ₹402.15 | ₹417.30 | 88.73L (Cr) | |
| ₹415.45 | ₹417.00 | ₹405.65 | ₹409.60 | 75.18L (Cr) | |
| ₹417.50 | ₹417.95 | ₹411.20 | ₹413.30 | 83.74L (Cr) | |
| ₹422.40 | ₹427.25 | ₹414.40 | ₹417.50 | 120.34L (Cr) | |
| ₹445.00 | ₹446.50 | ₹420.30 | ₹422.00 | 482.18L (Cr) |
Bharat Heavy Electricals Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹416.10 | ₹446.50 | ₹371.80 | ₹407.00 | -2.19% | |
| ₹417.00 | ₹423.70 | ₹367.60 | ₹414.10 | -0.70% | |
| ₹352.41 | ₹424.90 | ₹352.41 | ₹416.75 | +18.26% | |
| ₹254.50 | ₹358.10 | ₹239.17 | ₹352.41 | +38.47% | |
| ₹256.05 | ₹270.35 | ₹244.00 | ₹245.50 | -4.12% | |
| ₹253.50 | ₹277.00 | ₹249.50 | ₹264.95 | +4.52% | |
| ₹288.50 | ₹305.90 | ₹240.50 | ₹262.70 | -8.94% | |
| ₹291.10 | ₹295.25 | ₹267.70 | ₹287.45 | -1.25% | |
| ₹265.00 | ₹295.25 | ₹255.30 | ₹290.85 | +9.75% | |
| ₹239.00 | ₹266.49 | ₹229.54 | ₹265.49 | +11.08% | |
| ₹209.50 | ₹242.43 | ₹209.05 | ₹238.45 | +13.82% | |
| ₹232.10 | ₹249.60 | ₹205.12 | ₹208.01 | -10.38% |
AI Research Briefing
Powered by Gemini · 2026-04-10
BHEL is a play on India's power sector growth, but rich valuation and execution risks warrant caution.
WHAT'S HAPPENING NOW (last 2-4 weeks)
BHEL has been on a winning streak, with the stock up for the third straight session as of April 9, 2026. As of April 10, 2026, the stock rose 2.62% to hit a day high of , marking a four-day gain of 15.76%. This surge is partly fueled by a Technology Collaboration Agreement (TCA) with E2S Company Ltd of South Korea to enhance capabilities in excitation systems for synchronous machines.
CORE STORY (THE REAL GAME)
BHEL is being priced as a proxy for India's power sector growth, particularly thermal and nuclear, with potential upside from indigenization and government capex. The market sees it as a key beneficiary of increased power demand and the 'Make in India' initiative.
- ₹13,500 crore order from NTPC provides revenue visibility
- Technology Collaboration Agreement (TCA) with E2S enhances capabilities
- Increased emphasis on the power sector, including nuclear, is driving positive sentiment
- Further large order wins in power generation or transmission
- Successful execution of existing orders leading to margin expansion
- Government policies favoring domestic power equipment manufacturers
- High P/E ratio relative to industry peers
- Negative free cash flow
- Execution risks related to large projects and potential gas shortages
FII holdings decreased by 0.13% while DII holdings increased by 0.17%.
Government focus on infrastructure development and power sector expansion provides a tailwind.
Secured ₹13,500 crore order from NTPC for Telangana Stage-II thermal power project.
No - Free Cash Flow 5Y: ₹-2124.76 Cr
BHEL is poised to benefit from India's power sector growth, but execution and valuation are key concerns. Monitor order inflows and margin performance closely.
Primary Thesis Risk
Overvaluation and execution risks could derail the growth narrative.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Bharat Heavy Electricals Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Bharat Heavy Electricals Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of BHEL across key market metrics for learning purposes.
Positive Indicators
9 factors identified
Robust Profit Growth (155.82%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (36.88%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (14.31% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (20.93% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (20.93% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Strong Cash Generation (₹2802.86 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Balanced Promoter Holding (58.17%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Strong Institutional Confidence (FII+DII: 31.95%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
3 factors identified
Below-Average Return on Equity (6.23%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (9.14%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Premium Valuation Risk (P/E: 91.87x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Bharat Heavy Electricals Ltd vs Heavy Electrical Equipment Peers
Peer Comparison - Heavy Electrical Equipment
Compare Bharat Heavy Electricals Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
63.1/100 | ₹407.00₹407 | ₹145514.83₹145514.83 | 91.87Average 91.9 Average | 6.23%Poor 6.23% Poor | 9.14%Poor 9.14% Poor | 0.31Excellent 0.3 Excellent | 20.93%Excellent 20.93% Excellent | 14.31%Good 14.31% Good | 0.33% | |
ABB India LtdABB India Ltd... ABB • 500002 | 64.2/100 | ₹7284.50₹7285 | ₹152553.18₹152553.18 | 100.15Average 100.2 Average | 22.39%Excellent 22.39% Excellent | 29.93%Excellent 29.93% Excellent | 0.01Excellent 0.0 Excellent | 57.13%Excellent 57.13% Excellent | 17.80%Excellent 17.80% Excellent | 0.55% |
Hitachi Energy India LtdHitachi Energy ... POWERINDIA • 543187 | 72.8/100 | ₹32175.00₹32175 | ₹151500.72₹151500.72 | 147.39Average 147.4 Average | 21.89%Excellent 21.89% Excellent | 29.02%Excellent 29.02% Excellent | 0.02Excellent 0.0 Excellent | 53.66%Excellent 53.66% Excellent | 18.96%Excellent 18.96% Excellent | 0.02% |
CG Power and Industrial Solutions LimitedCG Power and In... CGPOWER • 500093 | 76.1/100 | ₹863.40₹863 | ₹146315.18₹146315.18 | 120.95Average 121.0 Average | 20.48%Excellent 20.48% Excellent | 26.71%Excellent 26.71% Excellent | 0.01Excellent 0.0 Excellent | 69.51%Excellent 69.51% Excellent | 33.18%Excellent 33.18% Excellent | 0.14% |
Siemens LtdSiemens Ltd... SIEMENS • 500550 | 68.4/100 | ₹3760.00₹3760 | ₹127184.63₹127184.63 | 45.34Average 45.3 Average | 19.22%Good 19.22% Good | 21.44%Excellent 21.44% Excellent | 0.02Excellent 0.0 Excellent | 29.56%Excellent 29.56% Excellent | 20.09%Excellent 20.09% Excellent | 0.00% |
Siemens Energy India LtdSiemens Energy ... ENRIN • 544390 | 51.3/100 | ₹3230.80₹3231 | ₹124569.80₹124569.80 | 92.39Average 92.4 Average | 50.47%Excellent 50.47% Excellent | 67.75%Excellent 67.75% Excellent | 0.04Excellent 0.0 Excellent | — — | — — | 0.11% |
GE Vernova T&D India LtdGE Vernova T&D ... GVT&D • 522275 | 72/100 | ₹4323.30₹4323 | ₹120249.98₹120249.98 | 94.00Average 94.0 Average | 57.32%Excellent 57.32% Excellent | 76.43%Excellent 76.43% Excellent | 0.01Excellent 0.0 Excellent | 85.76%Excellent 85.76% Excellent | 12.45%Good 12.45% Good | 0.21% |
Suzlon Energy LtdSuzlon Energy L... SUZLON • 532667 | 64.4/100 | ₹48.01₹48 | ₹71461.81₹71461.81 | 22.59Average 22.6 Average | 40.64%Excellent 40.64% Excellent | 35.07%Excellent 35.07% Excellent | 0.06Excellent 0.1 Excellent | 45.66%Excellent 45.66% Excellent | 37.98%Excellent 37.98% Excellent | 0.00% |
Thermax LtdThermax Ltd... THERMAX • 500411 | 50/100 | ₹4306.00₹4306 | ₹54121.84₹54121.84 | 97.82Average 97.8 Average | 10.55%Average 10.55% Average | 13.94%Average 13.94% Average | 0.42Excellent 0.4 Excellent | 17.66%Excellent 17.66% Excellent | 17.59%Excellent 17.59% Excellent | 0.31% |
Schneider Electric Infrastructure LimitedSchneider Elect... SCHNEIDER • 534139 | 50.5/100 | ₹1355.30₹1355 | ₹32525.99₹32525.99 | 145.94Average 145.9 Average | 35.61%Excellent 35.61% Excellent | 29.63%Excellent 29.63% Excellent | 0.71Good 0.7 Good | 80.08%Excellent 80.08% Excellent | 17.38%Excellent 17.38% Excellent | 0.00% |
Triveni Turbine LtdTriveni Turbine... TRITURBINE • 533655 | 70.3/100 | ₹601.70₹602 | ₹20321.44₹20321.44 | 56.25Average 56.3 Average | 27.14%Excellent 27.14% Excellent | 35.86%Excellent 35.86% Excellent | 0.02Excellent 0.0 Excellent | 26.92%Excellent 26.92% Excellent | 25.43%Excellent 25.43% Excellent | 0.63% |
Top Heavy Electrical Equipment Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- ABB India Ltd share price152553.18 Cr
- Hitachi Energy India Ltd share price151500.72 Cr
- CG Power and Industrial Solutions Limited share price146315.18 Cr
- Siemens Ltd share price127184.63 Cr
- Siemens Energy India Ltd share price124569.80 Cr
Bharat Heavy Electricals Ltd PE Ratio History
Historical price-to-earnings ratio for BHEL — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹1.53 | ₹287.45 | 187.9x |
| FY 2024 | ₹0.81 | ₹229.40 | 283.2x |
| FY 2023 | ₹1.88 | ₹193.55 | 103x |
| FY 2022 | ₹0.12 | ₹79.20 | 660x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Bharat Heavy Electricals Ltd Dividend History
Annual cash dividends paid by BHEL — dividend yield 0.33%
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2025 | ₹87.44 Cr |
| FY 2024 | ₹139.45 Cr |
| FY 2023 | ₹139.18 Cr |
| FY 2022 | ₹0.30 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
Bharat Heavy Electricals Ltd Quarterly Performance
Latest quarterly metrics for BHEL — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
36.88%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
155.82%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
14.31%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
20.93%
Compounded annual net profit growth over 5 years
Bharat Heavy Electricals Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for BHEL — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Bharat Heavy Electricals Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Bharat Heavy Electricals Ltd (BHEL) — sourced from NSE/BSE filings.
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About BHEL (Bharat Heavy Electricals Ltd)
Bharat Heavy Electricals Ltd is a titan of India's heavy electrical equipment sector, a name synonymous with power generation and industrial progress. With a legacy stretching back... decades, BHEL has established itself as a comprehensive engineering and manufacturing powerhouse, shaping the landscape of India's energy infrastructure. The company's expertise extends from the foundational design and engineering phases to the complex fabrication and installation of critical power plant components. Their expansive capabilities encompass the entire spectrum of power generation, positioning them as a vital partner in India's pursuit of energy independence and sustainable industrial growth. BHEL's unwavering commitment to technological innovation and quality assurance has cemented its reputation as a trusted provider of reliable and efficient solutions. BHEL's influence permeates a wide array of industries beyond traditional power generation. From supplying equipment for the burgeoning renewable energy sector to providing specialized components for defense and aerospace applications, the company's versatile product portfolio reflects its adaptability and commitment to meeting evolving market demands. Their involvement in transportation, transmission, oil and gas, and e-mobility projects further underscores their multifaceted capabilities and positions them as a key contributor to India's infrastructure development. This diversification strategy allows BHEL to leverage its core engineering strengths across various sectors, fostering growth and resilience in a rapidly changing technological landscape. At its core, BHEL is an end-to-end solutions provider, adept at managing complex projects from inception to completion. This comprehensive approach, encompassing engineering, procurement, and construction (EPC) services, allows them to deliver turnkey solutions tailored to the specific needs of their clients. Whether it's constructing a coal-fired power plant, developing a hydroelectric facility, or providing equipment for a nuclear installation, BHEL's expertise and project management capabilities ensure seamless execution and optimal performance. The company's commitment to sustainable practices and environmental responsibility further reinforces its position as a responsible corporate citizen, dedicated to powering India's future while minimizing its environmental impact.
Company Details
Key Leadership
Corporate Events
Latest News
BHEL Share Price: Frequently Asked Questions
What is the current share price of Bharat Heavy Electricals Ltd?
Bharat Heavy Electricals Ltd (BHEL) trades at ₹407.00 on NSE and BSE. Market cap ₹1.46L (Cr). Educational data only.
What is the P/E ratio of Bharat Heavy Electricals Ltd?
Bharat Heavy Electricals Ltd has a P/E of 91.87x vs industry average 38.29x.
What is the Bull Run score for Bharat Heavy Electricals Ltd?
Bharat Heavy Electricals Ltd has a Bull Run score of 63.1/100 based on 25+ financial parameters.
Does Bharat Heavy Electricals Ltd pay dividends?
Bharat Heavy Electricals Ltd has a dividend yield of 0.33%. Past dividends don't guarantee future payments.
What is the ROE of Bharat Heavy Electricals Ltd?
Bharat Heavy Electricals Ltd has ROE of 6.23%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Bharat Heavy Electricals Ltd?
Bharat Heavy Electricals Ltd has debt-to-equity of 0.31.
Is Bharat Heavy Electricals Ltd a good investment?
Bull Run gives Bharat Heavy Electricals Ltd a score of 63.1/100. This is not investment advice — consult a SEBI-registered advisor.