BHEL Share Price

396.5510.25 (2.66%)

Closed
As On: 09 Jun, 2026, 03:59 PM IST
As On: 09 Jun, 2026, 03:56 PM IST

Sector: Engineering
Industry: Capital Goods - Po...

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Open	388.25
High	397.40
Low	385.05
Prev Close	386.30
Volume	94,98,965
VWAP(₹)	391.83

Share Price	Value
Today/Current/Last	396.55396.35
Previous Day	386.30386.00

BHEL Share Recommendations

Mean recosCurrent

HOLD

19 Analysts

Strong
SellSellHoldBuyStrong
Buy

Analyst Trends

Ratings	Current	1W Ago	1M Ago	3M Ago
Strong Buy	3	3	3	3
Buy	5	5	5	5
Hold	1	1	3	3
Sell	6	6	5	5
Strong Sell	4	4	4	4
# Analysts	19	19	20	20

Recent Recos

Target₹358
OrganizationJM Financial
BUY

Target₹361
OrganizationJM Financial
BUY

Target₹370
OrganizationICICI Securities
BUY

View all Stock Recommendations

News & Analysis

View all BHEL Share News & Announcements

Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	12,553.50	8,691.85	7,686.41	5,658.07	9,142.64
Total Income Growth (%)	44.43	13.08	35.85	-38.11	23.80
Total Expenses	10,645.17	8,005.79	7,006.33	6,098.57	8,246.71
Total Expenses Growth (%)	32.97	14.27	14.88	-26.05	17.13
EBIT	1,908.33	686.06	680.08	-440.50	895.93
EBIT Growth (%)	178.16	0.88	-	-149.17	160.24
Profit after Tax (PAT)	1,290.47	390.40	374.89	-455.50	504.45
PAT Growth (%)	230.55	4.14	-	-190.30	274.50
EBIT Margin (%)	15.20	7.89	8.85	-7.79	9.80
Net Profit Margin (%)	10.28	4.49	4.88	-8.05	5.52
Basic EPS (₹)	3.71	1.12	1.08	-1.31	1.45

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	12,562.49	8,700.18	7,693.55	5,672.35	9,152.16
Total Income Growth (%)	44.39	13.08	35.63	-38.02	23.79
Total Expenses	10,645.17	8,005.79	7,006.33	6,098.57	8,246.71
Total Expenses Growth (%)	32.97	14.27	14.88	-26.05	17.13
EBIT	1,917.32	694.39	687.22	-426.22	905.45
EBIT Growth (%)	176.12	1.04	-	-147.07	156.79
Profit after Tax (PAT)	1,282.68	382.49	367.67	-454.89	504.05
PAT Growth (%)	235.35	4.03	-	-190.25	303.98
EBIT Margin (%)	15.26	7.98	8.93	-7.51	9.89
Net Profit Margin (%)	10.21	4.40	4.78	-8.02	5.51
Basic EPS (₹)	3.68	1.10	1.06	-1.31	1.45

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	34,589.83	28,804.79	24,439.05	23,853.57	21,565.63
Total Revenue Growth (%)	20.08	17.86	2.45	10.61	22.14
Total Expenses	32,512.27	28,118.20	24,260.37	23,430.15	21,145.59
Total Expenses Growth (%)	15.63	15.90	3.54	10.80	-0.71
Profit after Tax (PAT)	1,600.26	533.90	282.22	477.39	446.03
PAT Growth (%)	199.73	89.18	-40.88	7.03	-
Operating Profit Margin (%)	8.38	5.06	3.80	4.04	3.65
Net Profit Margin (%)	4.73	1.88	1.18	2.04	2.10
Basic EPS (₹)	4.60	1.53	0.81	1.37	1.28

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	34,628.57	28,842.87	24,480.70	23,879.75	21,578.90
Total Revenue Growth (%)	20.06	17.82	2.52	10.66	22.06
Total Expenses	32,512.27	28,118.20	24,260.37	23,430.15	21,141.95
Total Expenses Growth (%)	15.63	15.90	3.54	10.82	-0.69
Profit after Tax (PAT)	1,577.95	512.97	259.89	447.55	410.24
PAT Growth (%)	207.61	97.38	-41.93	9.09	-
Operating Profit Margin (%)	8.50	5.19	3.98	4.15	3.73
Net Profit Margin (%)	4.67	1.81	1.08	1.91	1.93
Basic EPS (₹)	4.53	1.47	0.75	1.29	1.18

All figures in Rs Cr, unless mentioned otherwise

Insights

Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 20.08% outperformed its 3 year CAGR of 13.05%. (Source: Consolidated Financials)
Employee & Interest Expense
Company has spent 2.24% of its operating revenues towards interest expenses and 19.15% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	76,185.61	68,083.18	59,005.50	59,369.79	56,243.76
Total Assets Growth (%)	11.90	15.38	-0.61	5.56	1.82
Total Liabilities	50,039.01	43,361.02	34,566.85	32,541.76	29,737.16
Total Liabilities Growth (%)	15.40	25.44	6.22	9.43	1.60
Total Equity	26,146.60	24,722.16	24,438.65	26,828.03	26,506.60
Total Equity Growth (%)	5.76	1.16	-8.91	1.21	2.06
Current Ratio (x)	1.59	1.51	1.36	1.29	1.30
Total Debt to Equity (x)	0.31	0.36	0.36	0.20	0.18
Contingent Liabilities	0.00	8,632.44	10,085.41	7,661.56	7,022.46

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	76,560.13	68,479.32	59,417.43	59,803.91	56,708.32
Total Assets Growth (%)	11.80	15.25	-0.65	5.46	1.81
Total Liabilities	50,043.64	43,366.31	34,566.84	32,541.75	29,737.16
Total Liabilities Growth (%)	15.40	25.46	6.22	9.43	1.78
Total Equity	26,516.49	25,113.01	24,850.59	27,262.16	26,971.16
Total Equity Growth (%)	5.59	1.06	-8.85	1.08	1.84
Current Ratio (x)	1.59	1.51	1.36	1.29	1.30
Total Debt to Equity (x)	0.31	0.35	0.35	0.20	0.18
Contingent Liabilities	0.00	8,582.44	9,975.98	7,661.56	7,022.46

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	5,837.38	2,191.89	-3,712.90	-741.52	660.25
Net Cash used in Investing Activities	-3,035.41	-2,730.91	1,330.86	1,480.46	-1,125.32
Net Cash flow from Financing Activities	-1,805.73	-856.81	2,655.74	88.96	-329.49
Net Cash Flow	996.24	-1,395.83	273.70	827.90	-787.28
Closing Cash & Cash Equivalent	1,435.45	439.21	1,835.04	1,560.52	732.62
Closing Cash & Cash Equivalent Growth (%)	226.83	-76.07	17.59	113.01	-51.80
Total Debt/ CFO (x)	1.40	4.01	-2.37	-7.26	7.19

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	5,837.38	2,191.89	-3,712.90	-741.52	660.27
Net Cash used in Investing Activities	-3,035.41	-2,730.91	1,330.86	1,480.46	-1,125.33
Net Cash flow from Financing Activities	-1,805.73	-856.81	2,655.74	88.96	-329.50
Net Cash Flow	996.24	-1,395.83	273.70	827.90	-794.56
Closing Cash & Cash Equivalent	1,435.45	439.21	1,835.04	1,560.52	732.62
Closing Cash & Cash Equivalent Growth (%)	226.83	-76.07	17.59	113.01	-52.03
Total Debt/ CFO (x)	1.40	4.01	-2.37	-7.26	7.19

All figures in Rs Cr, unless mentioned otherwise

Insights

Increase in Cash from Investing
Company has used Rs 3035.41 cr for investing activities which is an YoY increase of 11.15%. (Source: Consolidated Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	6.12	2.15	1.15	1.77	1.68
Return on Capital Employed (%)	6.45	3.60	2.70	2.62	2.22
Return on Assets (%)	2.10	0.78	0.47	0.80	0.79
Interest Coverage Ratio (x)	4.16	2.28	1.58	2.31	3.06
Asset Turnover Ratio (x)	0.47	0.45	0.40	0.40	0.38
Price to Earnings (x)	53.48	142.86	312.50	51.28	38.61
Price to Book (x)	3.27	3.04	3.52	0.91	0.65
EV/EBITDA (x)	25.98	44.77	76.56	19.22	13.55
EBITDA Margin (%)	9.32	6.02	4.85	5.15	5.13

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	5.95	2.04	1.04	1.64	1.52
Return on Capital Employed (%)	6.49	3.65	2.79	2.66	2.24
Return on Assets (%)	2.06	0.74	0.43	0.74	0.72
Interest Coverage Ratio (x)	4.22	2.33	1.64	2.36	3.12
Asset Turnover Ratio (x)	0.47	0.44	0.40	0.40	0.38
Price to Earnings (x)	54.35	147.06	333.33	54.64	42.02
Price to Book (x)	3.22	3.00	3.46	0.90	0.64
EV/EBITDA (x)	25.66	43.79	73.91	18.81	13.36
EBITDA Margin (%)	9.43	6.15	5.02	5.27	5.21

Found Financials useful?

5 Days	14 Days	28 Days
14.52	14.06	13.36

Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
BHEL	86.29	5.28	6.12	6.45	2.10	13.05	8.38	4.55	4.60	1.59	0.31	1.40
Skipper Ltd	28.85	4.12	14.29	22.72	4.70	40.49	9.06	3.73	18.88	1.30	0.62	3.32
BGR Energy	-1.96	-0.87	0.00	-27.25	-29.88	-20.51	-155.64	-431.01	-178.51	1.43	-1.58	-197.27
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Annual Ratios (%)

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Stock Performance

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NAME	1D	1W	1M	3M	1Y	3Y	5Y
BHEL Stock Performance	2.66	-4.02	19.22	54.12	60.27	395.38	449.24
Skipper Ltd Stock Performance	1.99	18.94	17.06	43.08	9.71	354.17	814.44
BGR Energy Stock Performance	4.99	31.99	2.09	5.94	201.28	559.96	508.80
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Found Peer Comparison useful?

Category	No. of Shares	Percentage	% Change QoQ
Promoters	2,02,54,40,587	58.17 %	-5.00
Pledge	0	0.00 %	0.00
FII	25,15,90,244	7.23 %	0.95
DII	83,09,13,806	23.87 %	4.19
MF	44,84,28,234	12.88 %	4.04
Others	37,41,18,718	10.72 %	-0.14

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	58.17	63.17	63.17	63.17
Pledge	0.00	0.00	0.00	0.00
FII	7.23	6.28	6.23	6.36
DII	23.87	19.68	18.49	18.33
Mutual Funds	12.88	8.84	7.64	7.50
Others	10.72	10.87	12.11	12.14

Mutual Funds Ownership

MF Ownership as on 30 April 2026

Nippon India Small Cap Direct-G
Equity: Small Cap
4
- 1,216.08
  Amount Invested (in Cr.)
- 1.67%
  % of AUM
- 6.15
  % Change (MoM basis)
SBI Midcap Direct-G
Equity: Mid Cap
3
- 881.02
  Amount Invested (in Cr.)
- 3.78978302%
  % of AUM
- -16.67
  % Change (MoM basis)
Nippon India Growth Mid Cap Direct-G
Equity: Mid Cap
5
- 740.03
  Amount Invested (in Cr.)
- 1.62%
  % of AUM
- 0.00
  % Change (MoM basis)

View all Mutual Fund Schemes

BHEL Futures & Options

Options

Type
Expiry Month
Strike Price

Date	Price	Open Interest
30-06-2026Current	12.653.50 (38.25%)	45,25,500-590,625 (-11.54%)
9.40 Open	12.90 High	8.40 Low
9.15 Close	2,172 Contracts Traded	23,424.61 Turnover (₹ Lakhs)

Open Interest as of 09 Jun 2026

Futures

Expiry MonthPlease select expiry month:

Date	Price	Open Interest
30-06-2026Current	398.0511.15 (2.88%)	11,17,27,875-1,178,625 (-1.04%)
389.45 Open	398.90 High	386.05 Low
386.90 Prev Close	3,423 Contracts Traded	35,405.13 Turnover (₹ Lakhs)

Open Interest as of 09 Jun 2026

Corporate Actions

Recent
Final
70%
May 04, 2026
Board Meeting
Audited Results
Apr 27, 2026
Board Meeting
Quarterly Results
Jan 06, 2026

Board Meetings

Announced on	Meeting on
Apr 27, 2026	May 04, 2026
Audited Results
Jan 06, 2026	Jan 19, 2026
Quarterly Results
Oct 23, 2025	Oct 29, 2025
Quarterly Results
Jul 23, 2025	Aug 06, 2025
Quarterly Results
May 02, 2025	May 16, 2025
Audited Results & Final Dividend

Dividends
Announced on Ex-Date Dividend%
May 16, 2025 Aug 01, 2025 25%
May 21, 2024 Aug 09, 2024 12%
May 26, 2023 Aug 11, 2023 20%
May 23, 2022 Sep 15, 2022 20%
May 04, 2026 - 70%
Bonus
Announced on Ex-Date
Aug 10, 2017 Sep 28, 2017
Bonus Ratio: 1 share(s) for every 2 shares held
Jan 25, 2007 May 31, 2007
Bonus Ratio: 1 share(s) for every 1 shares held
Splits
Announced on Ex-Date
May 23, 2011 Oct 03, 2011
Split: Old FV10.0| New FV:2.0
Rights
No Data Available
AGM/EGM Meetings
Announced on Meeting on
Nov 18, 2025 Dec 20, 2025
-
Jul 24, 2025 Aug 19, 2025
-
Jun 19, 2025 Jul 25, 2025
(Cancelled)
Jul 19, 2024 Aug 22, 2024
-
Jul 28, 2023 Aug 24, 2023
-

Announced on	Ex-Date	Dividend%
May 16, 2025	Aug 01, 2025	25%
May 21, 2024	Aug 09, 2024	12%
May 26, 2023	Aug 11, 2023	20%
May 23, 2022	Sep 15, 2022	20%
May 04, 2026	-	70%

Announced on	Ex-Date
Aug 10, 2017	Sep 28, 2017
Bonus Ratio: 1 share(s) for every 2 shares held
Jan 25, 2007	May 31, 2007
Bonus Ratio: 1 share(s) for every 1 shares held

Announced on	Ex-Date
May 23, 2011	Oct 03, 2011
Split: Old FV10.0\| New FV:2.0

Announced on	Meeting on
Nov 18, 2025	Dec 20, 2025
-
Jul 24, 2025	Aug 19, 2025
-
Jun 19, 2025	Jul 25, 2025
(Cancelled)
Jul 19, 2024	Aug 22, 2024
-
Jul 28, 2023	Aug 24, 2023
-

About BHEL

Bharat Heavy Electricals Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 1,38,081.22 Crore) operating in Engineering sector.

Bharat Heavy Electricals Ltd. key Products/Revenue Segments include Income From Construction Work, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 12,553.50 Crore, up 44.43 % from last quarter Total Income of Rs 8,691.85 Crore and up 37.31 % from last year same quarter Total Income of Rs 9,142.64 Crore. Company has reported net profit after tax of Rs 1,273.69 Crore in latest quarter.

The company’s top management includes Mr.K Sadashiv Murthy, Mr.Aashish Chaturvedi, Mr.Ashok Aseri, Mr.Ramesh Patlya Mawaskar, Ms.Bani Varma, Mr.Krishna Kumar Thakur, Mr.Rajesh Kumar Dwivedi, Mr.S M Ramanathan, Mr.Tajinder Gupta, Ms.Arti Bhatnagar, Mr.Vijay Mittal, Dr.Yogesh R Chhabra. Company has Mahesh C Solanki & Co. as its auditors. As on 31-03-2026, the company has a total of 348.21 Crore shares outstanding.

BHEL Share Price Today is Rs. 396.55. On previous day, the BHEL Share Price (NSE) closed at Rs. 386.3, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 58.17% of the stake in BHEL shares, out of which 0.0% was pledged. On the same date, foreign institutional investors' (FII) holdings of BHEL stocks was 7.23% as compared to 6.28% in Dec 2025 with increase of 0.95%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 23.87% as compared to 19.68% in Dec 2025 with increase of 4.19%. Out of the total DII holdings in BHEL shares 12.88% was held by mutual funds. The rest including public held is 10.73%. BHEL stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
BHEL Dividend: Ever since 1964, BHEL dividends has been paid out around 45 times. As on 09 Jun, 2026, 03:59 PM IST, The overall dividend yield for BHEL stands at 0.13%. The last dividend paid was on August 1, 2025 (Rs. 0.5). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 4.6.

BHEL Bonus: The most recent bonus issue had been in year September 28, 2017 around 8 years ago at 2 : 1 ratio. The first bonus issue was announced in Jan 2007.

Stock Forecast:
After showing 12553.5 Cr. of sales and 44.43% of quarterly net profit, there have been multiple ups and downs in the BHEL stock prices in the past few weeks. For example, BHEL stock price on 2nd of June 2026 was around Rs. 410.75. BHEL share price now stands at an average of Rs. 396.55. Judging by last week's performance, stock is in down trend.

BHEL has a median target price of Rs. 326.82 in 12 months by 17 analysts. They have provided a high estimate of Rs. 450.0 and low estimate of Rs. 140.0 for BHEL share.

Historical Prices and Performance:
BHEL, incorporated in 1964 is a Large Cap company (with a market cap of Rs. 138081.22) operating in Engineering sector.
The Return of Equity (ROE) in last five financial years given by BHEL stock was 6.12%, 2.15%, 1.15%, 1.77% and 1.68% respectively.
The BHEL share gave a 3 year return of 362.18% as compared to Nifty 50 which gave a return of 25.2%.
BHEL announced 25.0% final dividend on August 1, 2025.

Key Metrics:
PE Ratio of BHEL is 84.06
Prices/Sales Ratio of BHEL is 2.53
Price/Book Ratio of BHEL is 5.14

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For BHEL, major competitors and peers include Skipper Ltd and BGR Energy. As of Dec 2025, the dividend yield of BHEL stands at 0.13% while Skipper Ltd and BGR Energy stand at 0.02% and 0.0% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 84.06 and 5.14 respectively.

Recommendations:
The current total number of analysts covering the stock stands at 19, Three months ago this number stood at 20. Out of total, 3 analyst have a'Strong Buy' reco, 5 analyst have a'Buy' reco, 1 analyst have a'Hold' reco, 6 analyst have a'Sell' reco.

Mean recommendations by 19 analyst stand at'Buy'.

Leadership of BHEL :
Yogesh R Chhabra is Co. Secretary & Compl. Officer
Shyamala Venkataraman is General Manager & Head
Rizwan Faisal Siddiqui is General Manager & Head
Ranjan Kumar is General Manager & Head
Parthasarathi Das is General Manager & Head
Sunil Diwakar is General Manager & Head
Uday Shankar is General Manager & Head
N Ramesh Kumar is General Manager & Head
P K Upadhyay is General Manager & Head
Sumeet Salhotra is General Manager & Head
H Malathi is General Manager & Head
V V Subrahmanyam is General Manager & Head
Aruna Gulati is General Manager & Head
Yatindra Mohan is General Manager & Head
Dipesh Palit is General Manager & Head
K Sadashiv Murthy is Chairman & Managing Director
Ramesh Patlya Mawaskar is Independent Director
Ashok Aseri is Independent Director
Aashish Chaturvedi is Independent Director
Krishna Kumar Thakur is Director - Human Resources
Rajesh Kumar Dwivedi is Director - Finance
S M Ramanathan is Director - Engineering & R&D
Tajinder Gupta is Director
Bani Varma is Director
Vijay Mittal is Part Time Official Director
Arti Bhatnagar is Part Time Official Director

Industry

Capital Goods - Power

Key Indices Listed On

Nifty Midcap 50, Nifty Midcap 100, Nifty 200, Nifty 500, BSE 500

Address

BHEL House,Siri Fort,New Delhi, Delhi - 110049

Contact

shareholderquery@bhel.in

http://www.bhel.com

PE Ratio(x)	86.29
EPS - TTM(₹)	4.60
MCap(₹ Cr.)	1,38,081
MCap Rank	3
PB Ratio(x)	5.14
Div Yield(%)	0.13
Face Value(₹)	2.00
52W High(₹)	424.90
52W Low(₹)	205.12
MCap/Sales	2.53
Beta(1 Month)	2.04
BV/Share(₹)	75.09

PE Ratio(x)	86.24
EPS - TTM(₹)	4.60
MCap(₹ Cr.)	1,38,011
MCap Rank	3
PB Ratio(x)	5.14
Div Yield(%)	0.13
Face Value(₹)	2.00
52W High(₹)	424.85
52W Low(₹)	205.20
MCap/Sales	2.53
Beta(1 Month)	2.05
BV/Share(₹)	75.09

1 Day	2.66%
1 Month	-1.99%
3 Months	55.27%
1 Year	53.61%
3 Years	362.18%
5 Years	430.15%

1 Day	2.68%
1 Month	-2.05%
3 Months	55.28%
1 Year	53.51%
3 Years	361.84%
5 Years	429.88%

R1	400.95	Pivot 393.00	S1	388.60
R2	405.35		S2	380.65
R3	417.70		S3	368.30

BHEL Share Price

Key Metrics

BHEL share price insights

BHEL Share Price Returns

BHEL Share Recommendations

News & Analysis

Financials

Share Price Forecast

Technicals

Peer Comparison

Shareholding Pattern

Mutual Funds Ownership

Nippon India Small Cap Direct-G

SBI Midcap Direct-G

Nippon India Growth Mid Cap Direct-G

BHEL Futures & Options

BHEL Top Searches

Corporate Actions

About BHEL

Executive Leadership

Auditors

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