BHEL

Why is Bharat Heavy Electricals Ltd. falling/rising?

As of 30-Jul, Bharat Heavy Electricals Ltd. is experiencing a stock price decline to 402.85, down -2.4 (-0.59%), attributed to reduced investor confidence and underperformance compared to the benchmark Sensex. Despite strong fundamentals and positive long-term returns, recent trends indicate challenges for the stock.

As of 30-Jul, Bharat Heavy Electricals Ltd. is experiencing a decline in its stock price, currently at 402.85, reflecting a change of -2.4 (-0.59%). This downward movement can be attributed to several factors. The stock has been on a consecutive fall for the last four days, accumulating a total decline of -3.44% during this period. Additionally, the stock's performance over the past week shows a decrease of -1.71%, while the benchmark Sensex has increased by +2.01%, indicating underperformance relative to the market.<BR><BR>Investor participation appears to be waning, as evidenced by a delivery volume of 33.56 lacs on 29 July, which has decreased by -14.49% compared to the five-day average. This decline in trading activity suggests a lack of confidence among investors. Furthermore, while the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, indicating short-term weakness.<BR><BR>Despite the company's strong fundamentals, including a healthy growth rate in net sales and operating profit, the current market sentiment is affecting the stock negatively. The company has shown impressive long-term performance, with a year-to-date return of +40.12% and a one-year return of +66.74%. However, the recent trend of falling prices and reduced investor engagement suggests that the stock is currently facing challenges that are contributing to its decline.

Which are the latest news on BHEL?

Are Bharat Heavy Electricals Ltd. latest results good or bad?

Bharat Heavy Electricals Ltd. reported a strong year-on-year growth in Q1 FY27, with net sales up 40.29% and a profit turnaround from a loss last year. However, sequentially, net sales and profit declined significantly, raising concerns about operational challenges and sustainability.

Bharat Heavy Electricals Ltd. (BHEL) has reported mixed results for Q1 FY27. On one hand, the company achieved a significant year-on-year growth in net sales, which increased by 40.29% to ₹7,697.72 crores, and it turned a profit of ₹376.71 crores, a notable recovery from a loss of ₹455.50 crores in the same quarter last year. This indicates a positive trend in terms of overall performance compared to the previous year.<BR><BR>However, the sequential quarterly comparison reveals a concerning decline. Net sales dropped by 37.47% from the previous quarter, and net profit fell sharply by 70.81%. Additionally, operating margins contracted significantly to 6.55% from 14.24% in the prior quarter, raising questions about the sustainability of the recent profitability.<BR><BR>While the year-on-year figures show improvement, the sharp declines in the sequential results highlight ongoing challenges, particularly related to project execution and margin pressures. The heavy reliance on other income for profitability further complicates the picture, suggesting that core operational performance may still be under strain.<BR><BR>In summary, while BHEL's latest results reflect a recovery compared to the previous year, the sequential performance raises concerns about the company's ability to maintain this momentum in the face of operational challenges.

Should I buy, sell or hold Bharat Heavy Electricals Ltd.?

When is the next results date for Bharat Heavy Electricals Ltd.?

The next results date for Bharat Heavy Electricals Ltd. is 16 July 2026.

The next results date for Bharat Heavy Electricals Ltd. is scheduled for 16 July 2026.

How big is BHEL?

As of 10th June, Bharat Heavy Electricals Ltd. has a market capitalization of 137,089.00 Cr and reported net sales of 33,782.18 Cr and net profit of 1,600.26 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Bharat Heavy Electricals Ltd. has a market capitalization of 137,089.00 Cr, categorizing it as a Mid Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 33,782.18 Cr, while the sum of Net Profit for the same period is 1,600.26 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds are valued at 24,722.16 Cr, and Total Assets amount to 64,015.46 Cr.

Who are in the management team of BHEL?

The management team of BHEL includes key members such as Nalin Shinghal (Chairman & Managing Director), Rajeev Kalra (Company Secretary), and several directors overseeing various functions, ensuring effective operations and strategic direction.

The management team of BHEL includes the following key members:<BR><BR>1. **Nalin Shinghal** - Chairman & Managing Director<BR>2. **Rajeev Kalra** - Company Secretary & Compliance Officer<BR>3. **Renuka Gera** - Director (Industrial Systems & Projects)<BR>4. **Upinder Singh Matharu** - Director (Power)<BR>5. **Jai Prakash Srivastava** - Director (Research & Development)<BR>6. **K. Sivaprasad** - Independent Director<BR>7. **Lekhasri Samantsinghar** - Independent Director<BR>8. **Vijay Mittal** - Official Director (Part-time)<BR>9. **Shri Ramesh Patlya Mawaskar** - Independent Director<BR>10. **Krishna Kumar Thakur** - Director (Human Resources)<BR>11. **Arti Bhatnagar** - Official Director (Part-time)<BR>12. **Bani Varma** - Director<BR>13. **Koppu Sadashiv Murthy** - Chairman & Managing Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Who are the peers of the BHEL?

BHEL's peers include Hitachi Energy, CG Power & Ind, A B B, Siemens, and others. BHEL has an average management risk, good capital structure, and a 1-year return of 44.89%, outperforming Suzlon Energy, which has the lowest return at -20.06%.

Peers: The peers of BHEL are Hitachi Energy, CG Power & Ind, A B B, Siemens, Siemens Ener.Ind, GE Vernova T&D, Suzlon Energy, Thermax, Schneider Elect, and Triveni Turbine.<BR><BR>Quality Snapshot: Excellent management risk is observed at CG Power & Ind and Siemens Ener.Ind, while Average management risk is found at BHEL and Hitachi Energy. Good management risk is noted at A B B, Siemens, GE Vernova T&D, Suzlon Energy, Thermax, and Schneider Elect. For growth, Excellent growth is seen at Hitachi Energy, CG Power & Ind, A B B, Siemens Ener.Ind, Suzlon Energy, Thermax, and BHEL, while Below Average growth is noted at Siemens. Average capital structure is present at Suzlon Energy, while Good capital structure is found at BHEL, GE Vernova T&D, Siemens, A B B, and Thermax, and Excellent capital structure is observed at Hitachi Energy, CG Power & Ind, Siemens Ener.Ind, and Schneider Elect.<BR><BR>Return Snapshot: GE Vernova T&D has the highest 1-year return at 103.21%, while Suzlon Energy has the lowest at -20.06%. BHEL's 1-year return of 44.89% is significantly higher than that of Suzlon Energy. Additionally, the six-month return is negative for Suzlon Energy.

What does BHEL do?

Bharat Heavy Electricals Ltd (BHEL) is a major Indian manufacturer of power plant equipment, established in 1964, with a recent market cap of INR 137,089 Cr, net sales of 12,310 Cr, and a net profit of 1,290 Cr as of March 2026. Key financial metrics include a P/E ratio of 82.00 and a dividend yield of 0.13%.

Overview:<BR>Bharat Heavy Electricals Ltd (BHEL) is an integrated power plant equipment manufacturer operating in the Heavy Electrical Equipment industry and categorized as a Mid Cap company.<BR><BR>History:<BR>BHEL was incorporated in 1964 and has since established itself as one of the largest engineering and manufacturing companies in India. The latest quarterly results reported are for March 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 12,310 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 1,290 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 137,089 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 82.00 <BR>Industry P/E: 58 <BR>Dividend Yield: 0.13% <BR>Debt-Equity: -0.14 <BR>Return on Equity: 6.12% <BR>Price-to-Book: 5.28 <BR><BR>Contact Details:<BR>Address: BHEL House, Siri Fort New Delhi, New Delhi: 110049 <BR>Phone: 91-11-66337000 <BR>Email: shareholderquery@bhel.in <BR>Website: http://www.bhel.com

Is BHEL technically bullish or bearish?

As of November 10, 2025, the trend is bullish with strong indicators, although there are mixed signals from the MACD and RSI suggesting potential short-term weakness.

As of 10 November 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The daily moving averages are bullish, and the Bollinger Bands are bullish on both weekly and monthly time frames. However, the weekly MACD is bullish while the monthly MACD is mildly bearish, indicating some divergence in momentum. The weekly RSI is bearish, suggesting potential short-term weakness, but the overall trend remains positive. The KST is bullish on the weekly and mildly bearish on the monthly, adding to the mixed signals. Dow Theory shows a mildly bullish stance on both weekly and monthly charts. Overall, the bullish trend is supported by strong price action, including a recent high at 274.45, close to the 52-week high.

Is BHEL overvalued or undervalued?

As of October 30, 2025, BHEL is considered expensive and overvalued with a high P/E ratio of 162.87, low return metrics, and significant discrepancies compared to peers, despite strong stock performance relative to the Sensex.

As of 30 October 2025, BHEL's valuation grade has moved from very expensive to expensive, indicating a slight improvement in its perceived value. However, the company remains overvalued based on several key financial ratios. The price-to-earnings (P/E) ratio stands at an exceptionally high 162.87, while the price-to-book value is just 0.37, suggesting that the market is pricing the stock significantly above its book value. Additionally, the EV to EBITDA ratio is 99.74, which further reinforces the notion of overvaluation.<BR><BR>In comparison to its peers, BHEL's P/E ratio is considerably higher than that of Apar Industries, which has a P/E of 39.37 and is rated as fairly valued. Siemens Energy, rated as very expensive, has a P/E of 116.45, which still does not justify BHEL's current valuation. The company's return metrics, such as a return on equity (ROE) of 0.23% and a return on capital employed (ROCE) of 0.32%, are also low, indicating inefficiencies in generating profits relative to its equity and capital. Despite BHEL's strong stock performance relative to the Sensex over various periods, the overall valuation suggests that the stock is overvalued.

How has been the historical performance of BHEL?

BHEL's historical performance shows a recovery with net sales increasing from 21,211.09 Cr in Mar'22 to 28,339.48 Cr in Mar'25, alongside improved profitability metrics, including a profit after tax of 474.89 Cr in Mar'25 compared to a loss of 2,743.84 Cr in Mar'21. Total assets rose to 64,015.46 Cr in Mar'25, reflecting overall growth despite rising raw material costs.

Answer:<BR>The historical performance of BHEL shows a fluctuating trend in key financial metrics over the years, with notable improvements in recent periods.<BR><BR>Breakdown:<BR>BHEL's net sales have increased from 21,211.09 Cr in Mar'22 to 28,339.48 Cr in Mar'25, indicating a recovery from previous lows. The total operating income followed a similar upward trajectory, reaching 28,339.48 Cr in Mar'25 from 21,211.09 Cr in Mar'22. However, raw material costs also rose significantly, from 9,848.24 Cr in Mar'22 to 20,387.47 Cr in Mar'25, impacting the overall expenditure which increased to 27,097.91 Cr in Mar'25. Operating profit, excluding other income, improved to 1,241.57 Cr in Mar'25 from a loss of 3,141.29 Cr in Mar'21, while the profit before tax reached 686.59 Cr in Mar'25, up from a loss of 3,640.07 Cr in Mar'21. The profit after tax showed a positive trend as well, amounting to 474.89 Cr in Mar'25, compared to a loss of 2,743.84 Cr in Mar'21. BHEL's total assets increased to 64,015.46 Cr in Mar'25 from 52,713.68 Cr in Mar'22, while total liabilities also rose to 64,015.46 Cr in Mar'25 from 52,713.68 Cr in Mar'22. Cash flow from operating activities turned positive at 2,191.00 Cr in Mar'25, contrasting with negative cash flows in previous years. Overall, BHEL's financial performance reflects a recovery and growth phase, particularly in sales and profitability metrics.

Who are the top shareholders of the BHEL?

The top shareholders of BHEL include the President of India with 63.17%, Life Insurance Corporation of India at 6.88%, mutual funds with 7.5%, foreign institutional investors at 6.36%, and individual investors holding 10.69%. There are no pledged promoter holdings reported.

The top shareholders of BHEL include the President of India, who holds a significant 63.17% stake as the major promoter. Other notable shareholders are Life Insurance Corporation of India, with a 6.88% holding, and mutual funds, which collectively hold 7.5% through 34 schemes. Additionally, foreign institutional investors (FIIs) own 6.36% of the company, while individual investors hold 10.69%. There are no pledged promoter holdings reported.

What is the bonus history of the BHEL?

Bharat Heavy Electricals Ltd. (BHEL) issued a 1:2 bonus on September 28, 2017, and a 1:1 bonus on May 31, 2007, providing shareholders with additional shares based on these ratios.

Bharat Heavy Electricals Ltd. (BHEL) has a history of issuing bonuses. The most recent bonus was a 1:2 bonus issue, which took effect on September 28, 2017, with a record date of September 30, 2017. Prior to that, BHEL issued a 1:1 bonus on May 31, 2007, with a record date of June 1, 2007. This indicates that for every share held, shareholders received additional shares according to the specified ratios during these bonus issues.

Has BHEL declared dividend?

Bharat Heavy Electricals Ltd. has declared a 12% dividend, amounting to ₹0.24 per share, with an ex-date of August 9, 2024. Despite some short-term fluctuations, total returns over longer periods have shown significant growth, with a total return of 820.28% over the past 5 years.

Bharat Heavy Electricals Ltd. has declared a 12% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 12%<BR>- Amount per share: 0.24<BR>- Ex-date: 09 Aug 2024<BR><BR>Dividend Yield: 0.1%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 2.43%, with no dividend return, resulting in a total return of 2.43%.<BR><BR>Over the past year, the price return was -8.3%, with a dividend return of 0.08%, leading to a total return of -8.22%.<BR><BR>In the 2-year period, the price return was 204.5%, the dividend return was 0.73%, resulting in a total return of 205.23%.<BR><BR>For the 3-year period, the price return was 400.59%, with a dividend return of 2.39%, culminating in a total return of 402.98%.<BR><BR>In the last 4 years, the price return was 245.13%, the dividend return was 1.57%, yielding a total return of 246.7%.<BR><BR>Over the past 5 years, the price return was 817.45%, with a dividend return of 2.83%, resulting in a total return of 820.28%.<BR><BR>Overall, BHEL's recent dividend declaration indicates a commitment to returning value to shareholders, while the total returns over various periods show significant growth, particularly in the longer term, despite some fluctuations in shorter periods.