Bharat Heavy Electricals Limited

Capital Goods · Electrical Equipment

NSE: BHEL BSE: 500103
₹415.50
▲ 2.15 (0.52%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
54/100
Moderate
Valuation
36/100
Fairly Valued
Momentum
32/100
Neutral

QVM read Mixed signals Quality Moderate, Valuation Fairly Valued, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

About

Bharat Heavy Electricals Limited (BHEL) is an Indian state-owned engineering and manufacturing company headquartered in New Delhi. It operates under the administrative control of the Ministry of Heavy Industries and manufactures equipment and systems for power generation, transmission, transportation, defence, aerospace, oil and gas and emerging energy technologies.

Source: Wikipedia

Key Metrics

Market Capitalization
₹144,680 Cr
PE (TTM)
59.9
Industry median 33.8 (82 companies)
Price to Book
5.5
PEG (TTM)
0.1
Institutions holding %
31.95%
FII + DII, latest filed period
Piotroski Score
9
Relative return vs Nifty50, qtr %
6.3
Relative return vs Sector, qtr %
12.9
Free Cash Flow
₹5,248 Cr
as of March 31, 2026
Industry median ₹-2 Cr (102 companies)
EPS Growth (YoY)
183.97%
as of June 30, 2026
Industry median 14.68% (91 companies)
Net Profit Growth (TTM)
370.74%
as of June 30, 2026
Industry median 15.68% (84 companies)
Operating Revenue Growth (TTM)
27.00%
as of June 30, 2026
Industry median 18.02% (84 companies)
Profit Growth (YoY)
154.47%
as of March 31, 2026
Industry median 20.65% (88 companies)
Revenue Growth (YoY)
40.29%
as of June 30, 2026
Industry median 23.99% (87 companies)
Current Ratio
1.59
as of March 31, 2026
Industry median 1.82 (100 companies)
Debt to Equity
0.31
as of March 31, 2026
Industry median 0.16 (96 companies)
Interest Coverage
5.53
as of June 30, 2026
Industry median 8.46 (94 companies)
Net Margin
4.96%
as of June 30, 2026
Industry median 9.17% (94 companies)
Operating Margin (EBIT)
8.48%
as of June 30, 2026
Industry median 13.90% (96 companies)
Operating Margin (TTM)
10.98%
as of June 30, 2026
Industry median 13.57% (94 companies)
Return on Assets
2.10%
as of March 31, 2026
Industry median 6.48% (88 companies)
Return on Capital Employed
6.46%
as of March 31, 2026
Industry median 16.91% (90 companies)
Return on Equity
6.12%
as of March 31, 2026
Industry median 12.09% (88 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

5 of 7 met
  • Yes Revenue is higher than a year earlier in each of the last 4 quarters
  • No Quality score is Strong (70 or more)
  • Yes Piotroski F-score is 7 or more (score 9)
  • Yes Debt to equity is below 0.5 (0.31)
  • No Return on equity is 15% or more (6.1%)
  • Yes Net cash flow for the latest year is positive
  • Yes Cash from operations is higher than the year before

Ownership

4 of 4 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • Yes Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)
  • Yes Insiders have not sold in the past 3 months (no open-market sale filed in the last 3 months)

Peer comparison

3 of 3 met
  • Yes 1-year return beats the industry median
  • Yes Revenue growth beats the industry median
  • Yes Profit growth beats the industry median

Value and momentum

1 of 6 met
  • Yes Price sits in the Buy zone of its own historical PE range (Buy Zone)
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
0.5%
Low 411.7000 · High 421.8000
1W return
-1.8%
Low 402.6000 · High 423.0000
1M return
-6.1%
Low 402.6000 · High 439.9000
52W return
73.0%
Low 229.5400 · High 446.5000
Lifetime High ₹2870.2000 (Nov. 14, 2007)
Lifetime Low ₹19.8500 (March 25, 2020)

Full price history and technicals →

EMA & SMA

Bullish2
Bearish4
5D
416.3
10D
419.2
20D
421.3
50D
417.1
100D
397.2
200D
345.4

Delivery and volume

Day avg. delivery
36.2%
Week avg. delivery
44.0%
Month avg. delivery
44.0%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

416.33
Pivot
First resistance420.97
Second resistance426.43
Third resistance431.07
First support410.87
Second support406.23
Third support400.77
Day RSI46.5
Day MFI39.0
Day MACD-1.33
Day MACD signal0.71

Beta

1M1.13
3M0.29
1Y1.16
3Y1.59

Price change analysis

↓ -6.1%
Over 1 Month
LowHigh
402.60439.90
↑ 0.4%
Over 3 Months
LowHigh
371.80446.50
↑ 65.0%
Over 6 Months
LowHigh
239.17446.50
↑ 73.0%
Over 1 Year
LowHigh
229.54446.50
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 59.9 (own history: 54.2–474.1)
Buy Zone
Revenue (June 30, 2026)
₹7,698 Cr
Net profit (June 30, 2026)
₹382 Cr
Basic EPS (June 30, 2026)
₹1.1000

Ranks #1 of 95 in Electrical Equipment by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter58.17%
  • Mutual funds11.40%
  • FII/FPI9.51%
  • Other DII11.04%
  • Public9.88%

Largest holders

NameCategoryShares %Shares
PRESIDENT OF INDIAPromoter58.1700%2025440587
LIFE INSURANCE CORPORATION OF INDIAPublic6.0100%209338567
NIPPON LIFE INDIA TRUSTEE LTD.Public2.4900%86709831
NPS TRUSTPublic1.6200%56552759
SBI MUTUAL FUNDPublic1.3200%46078224

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings were unchanged at 58.17% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings increased from 7.23% to 9.51% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings decreased from 12.88% to 11.40% in Jun 2026 qtr

69 mutual fund schemes also hold this stock.

All shareholding details →

Insider trading, SAST & pledges

All 2 insider trades, 5 SAST, 0 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
13 Feb 2026 President of India, acting through Ministry of HeavyIndustries, GOI Promoter Sell 0 ₹0
8 Jan 2019 President of India Promoter Sell 0 ₹0

All insider and SAST disclosures →

DateClientDealActionQuantityPriceExchange
30 Mar 2026 MORGAN STANLEY ASIA SINGAPORE PTE Block Sell 1,235,703 251.0000 NSE
30 Mar 2026 GOLDMAN SACHS BANK EUROPE SE - ODI Block Buy 1,235,703 251.0000 NSE
30 Mar 2026 MORGAN STANLEY ASIA SINGAPORE PTE Block Sell 1,235,703 251.0000 NSE
30 Mar 2026 GOLDMAN SACHS BANK EUROPE SE - ODI Block Buy 1,235,703 251.0000 NSE
29 Feb 2024 BNP PARIBAS ARBITRAGE Bulk Sell 35,020,250 227.2700 NSE
25 Jan 2024 SOCIETE GENERALE Block Sell 515,703 209.9000 NSE
25 Jan 2024 MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Buy 116,323 209.9000 NSE
25 Jan 2024 MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Buy 149,285 209.9000 NSE
25 Jan 2024 MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Buy 250,095 209.9000 NSE
17 Oct 2022 ISHARES MSCI INDIA SMALL-CAP ETF Block Buy 304,212 61.5500 NSE

All bulk and block deals →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
16 Jul 2026 Financial Results Yes
4 May 2026 Dividend —
4 May 2026 Financial Results Yes
19 Jan 2026 Financial Results Yes
29 Oct 2025 Financial Results Yes

Corporate Announcements

All 8 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
29 Sep 2026 Insider Trading / SAST Bharat Heavy Electricals Ltd - 500103 - Closure of Trading Window
29 Sep 2026 Board Meeting Bharat Heavy Electricals Ltd - 500103 - Board Meeting Intimation for Unaudited Financial Results For & Upto The Quarter Ended 30Th September, 2026 And Closure Of Trading Window Thereof
25 Sep 2026 Company Update Bharat Heavy Electricals Ltd - 500103 - Announcement under Regulation 30 (LODR)-Change in Management
18 Sep 2026 Company Update Bharat Heavy Electricals Ltd - 500103 - Signing Of Tripartite Agreement
15 Sep 2026 Company Update Bharat Heavy Electricals Ltd - 500103 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
14 Sep 2026 Company Update Bharat Heavy Electricals Ltd - 500103 - Announcement under Regulation 30 (LODR)-Acquisition
8 Sep 2026 Company Update Bharat Heavy Electricals Ltd - 500103 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
5 Sep 2026 Company Update Bharat Heavy Electricals Ltd - 500103 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Healthy liquidity (Current Ratio 1.59)
  • Strong revenue growth YoY (40.3%)

Weaknesses

  • Low Return on Equity (6.1%)
  • Thin net profit margin (5.0%)

Opportunities

  • PEG below 1 (0.08) -- earnings growth outpacing its own valuation

Threats

  • PE above 35 (59.9) -- priced for continued strong execution

Single-stock futures and a real listed options chain available for this stock -- OI buildup, PCR, Max Pain and Greeks are all on the full F&O page.

Part of: NIFTY 200, NIFTY 200, NIFTY 500, NIFTY 500, NIFTY ENERGY, NIFTY ENERGY, NIFTY MIDCAP 100, NIFTY MIDCAP 100, NIFTY MIDCAP 150, NIFTY MIDCAP 150, NIFTY MIDCAP 50, NIFTY MIDCAP 50, NIFTY PSE, NIFTY PSE

Frequently asked questions about Bharat Heavy Electricals Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.