BHEL shares rally 5% after reporting 18% YoY rise in FY26 provisional turnover

Shares of Bharat Heavy Electricals Limited (BHEL) rose as much as 4.84% to Rs 332 during Monday’s trading session after the company reported robust provisional financial performance for FY 2025–26.

The state-run engineering and manufacturing major recorded a turnover of approximately Rs 32,350 crore (provisional and unaudited), reflecting an 18% year-on-year increase.

During the fiscal year, BHEL secured total order inflows worth around Rs 75,000 crore, taking its overall order book to nearly Rs 2.4 lakh crore at the end of FY26.


In the power segment, the company maintained its dominant position with fresh orders of about Rs 59,000 crore.

On the execution front, BHEL commissioned or synchronised nearly 8.9 GW of power capacity during the year, highlighting steady project delivery and operational efficiency.

With a strong revenue trajectory, healthy order inflows, and a robust pipeline, BHEL enters FY 2026–27 with sustained momentum, focusing on infrastructure development, indigenisation, and long-term value creation.

On the valuation front, BHEL’s P/E ratio stands at 135.47, while its P/B ratio is 4.46.

The 14-day RSI is currently at 74.9; since a reading above 70 is considered overbought, this suggests the stock may be due for a pullback.

From a technical perspective, Bharat Heavy Electricals is trading above all 8 of its 8 simple moving averages, indicating a bullish trend.

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