₹428.2
▼ -7.18 -1.65%
17 Jul 2026
NSE Listed
Bhel (BHEL)
Volume: 5,57,31,908Avg Vol 1W: 2,28,41,663.8Avg Vol 1M: 1,90,25,282.6552W Range:₹205.12₹446.5
Key Ratios
Checked 6h agoMarket Cap₹1,45,533 Cr
Current Price₹428.2
Previous Close₹435.38
High / Low (52w)₹446.5 / ₹205.12
Volume5,57,31,908
Avg Vol (1W)2,28,41,663.8
Avg Vol (1M)1,90,25,282.65
Stock P/E146.97
Book Value₹72.12
Dividend Yield—
ROE1.7%
ROA—
Revenue (TTM)₹28,805 Cr
Revenue Growth—
Profit Margin—
Total Debt₹0 Cr
Shares Outstanding—
Face Value₹2
EPS (TTM)₹1.47
P/B3
Debt / Equity0.36
50 DMA₹400.11
200 DMA₹309.4
Day change-1.65%
Price Chart
₹428.2▲ 69.08% · 1Y
2025-07-172026-07-16
20-day avg volume: 1.9Cr shares
Pros
- Company is almost debt-free.
- Revenue grew 25% YoY.
Cons
- Company is loss-making at the latest annual result.
- Stock trades at a high P/E of 147.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5,485 Cr | ₹6,584 Cr | ₹7,277 Cr | ₹8,993 Cr | ₹5,487 Cr | ₹7,512 Cr | ₹8,473 Cr | ₹12,310 Cr |
| EBITDA | ₹-131 Cr | ₹326 Cr | ₹344 Cr | ₹896 Cr | ₹-440 Cr | ₹680 Cr | ₹686 Cr | ₹1,908 Cr |
| Net Profit | ₹-211 Cr | ₹106 Cr | ₹135 Cr | ₹504 Cr | ₹-455 Cr | ₹375 Cr | ₹390 Cr | ₹1,290 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹31,103 Cr | ₹22,027 Cr | ₹17,657 Cr | ₹21,566 Cr | ₹23,854 Cr | ₹24,439 Cr | ₹28,805 Cr | ₹34,590 Cr |
| EBITDA | ₹2,314 Cr | ₹-176 Cr | ₹-3,266 Cr | ₹776 Cr | ₹1,181 Cr | ₹910 Cr | ₹1,435 Cr | ₹2,834 Cr |
| Net Profit | ₹1,005 Cr | ₹-1,466 Cr | ₹-2,697 Cr | ₹446 Cr | ₹654 Cr | ₹282 Cr | ₹534 Cr | ₹1,600 Cr |
| EPS | 2.76 | -4.21 | -7.75 | 1.28 | 1.88 | 0.81 | 1.53 | 4.6 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹63,934 Cr | ₹59,749 Cr | ₹55,240 Cr | ₹56,244 Cr | ₹56,920 Cr | ₹59,002 Cr | ₹68,083 Cr | ₹76,186 Cr |
| Total Liabilities | ₹33,037 Cr | ₹31,097 Cr | ₹29,268 Cr | ₹29,737 Cr | ₹32,542 Cr | ₹34,563 Cr | ₹43,361 Cr | ₹50,039 Cr |
| Equity | ₹30,898 Cr | ₹28,652 Cr | ₹25,972 Cr | ₹26,507 Cr | ₹24,378 Cr | ₹24,439 Cr | ₹24,722 Cr | ₹26,147 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹946 Cr | ₹-3,439 Cr | ₹-2,570 Cr | ₹750 Cr | ₹251 Cr | ₹-851 Cr | ₹-3,935 Cr | ₹2,111 Cr |
| Investing | ₹961 Cr | ₹1,919 Cr | ₹1,877 Cr | ₹-42 Cr | ₹-1,125 Cr | ₹1,480 Cr | ₹1,331 Cr | ₹-2,731 Cr |
| Financing | ₹-667 Cr | ₹-32 Cr | ₹1,622 Cr | ₹-394 Cr | ₹-329 Cr | ₹89 Cr | ₹2,656 Cr | ₹-857 Cr |
| Free Cash Flow | ₹946 Cr | ₹-3,439 Cr | ₹-2,570 Cr | ₹750 Cr | ₹251 Cr | ₹-851 Cr | ₹-3,935 Cr | ₹2,111 Cr |
Shareholding
Promoter 58.17% Institutions 31.95% Public 9.88%
Efficiency & Working Capital
ROCE3.2%
Interest Coverage3.2
Dividend Payout—
Debtor Days76 d
Inventory Days127 d
Payable Days123 d
Cash Conversion Cycle80 d
Working Capital Days203 d
Shareholding Details
As of 2026-06-30
Promoter58.2%
FII9.5%
DII22.4%
Institutions32%
Public9.9%
Promoter Pledge0%
No. of Shareholders16,28,020
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 63.2% | 63.2% | 63.2% | 63.2% | 63.2% | 63.2% | 63.2% | 63.2% | 63.2% | 63.2% | 58.2% | 58.2% |
| FIIs | 7.2% | 7% | 8.8% | 9.1% | 9.5% | 8% | 7.2% | 6.4% | 6.2% | 6.3% | 7.2% | 9.5% |
| DIIs | 16% | 17.6% | 15.9% | 15% | 14.7% | 15.5% | 16.3% | 18.5% | 18.6% | 19.7% | 24% | 22.4% |
| Public | 13.6% | 12.2% | 12.1% | 12.7% | 12.7% | 13.4% | 13.3% | 12% | 12% | 10.8% | 10.6% | 9.9% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 12,27,658 | 12,65,436 | 14,99,202 | 18,80,851 | 19,95,266 | 20,83,026 | 21,20,567 | 19,83,215 | 19,61,664 | 17,91,831 | 17,55,262 | 16,28,020 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| President Of India | Shareholding of Promoter and Promoter Group | 58.2% | 202.54 Cr |
| Life Insurance Corporation Of India | Public Shareholding | 6% | 20.93 Cr |
| Nippon Life India Trustee Ltd. | Public Shareholding | 2.5% | 8.67 Cr |
| Nps Trust | Public Shareholding | 1.6% | 5.66 Cr |
| Sbi Mutual Fund | Public Shareholding | 1.3% | 4.61 Cr |
| Axis Mutual Fund Trustee Ltd. | Public Shareholding | 1.1% | 3.72 Cr |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| President Of India | 0 | 0% | 2026-06-30 |
| Axis Mutual Fund Trustee Ltd. | 0 | 0% | 2026-06-30 |
| Sbi Mutual Fund | 0 | 0% | 2026-06-30 |
| Nippon Life India Trustee Ltd. | 0 | 0% | 2026-06-30 |
| Life Insurance Corporation Of India | 0 | 0% | 2026-06-30 |
| Nps Trust | 0 | 0% | 2026-06-30 |
| President Of India | 0 | 0% | 2026-03-31 |
| Nippon Life India Trustee Ltd | 0 | 0% | 2026-03-31 |
| Sbi Psu Fund | 0 | 0% | 2026-03-31 |
| Axis Mutual Fund Trustee Ltd. | 0 | 0% | 2026-03-31 |
| Mirae Asset Etf | 0 | 0% | 2026-03-31 |
| Isif Equity Fund | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Shri K Sadashiv Murthy | Chairman / Executive Director / Managing Director | 2026 |
| Tajinder Gupta | Executive Director (HR) | 2026 |
| Bani Varma | Executive Director | 2026 |
| Rajesh Kumar Dwivedi | Executive Director (Fin) & CFO | 2026 |
| S M Ramanathan | Director | 2026 |
| Vijay Mittal | Part Time Dir.(Govt.Nominee) | 2026 |
| Nigar Fatima Husain | Part Time Dir.(Govt.Nominee) | 2026 |
| Yogesh R Chhabra | Company Secretary | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Power | ₹20,937 Cr | 73.9% |
| Industry | ₹7,402 Cr | 26.1% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Within India | ₹27,863 Cr | 98.3% |
| Outside India | ₹476 Cr | 1.7% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 2,000 | 696 | 696 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-17 | Dividend (1.4/- per share) | Final |
| forthcoming | 2026-07-16 | Board Meetings | — |
| dividend | 2025-08-01 | ₹0.5 (25%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 0 | 0 | 1,865 | 5 | 1,080 | 2,950 |
| 2026 | 0 | 0 | 1,457 | 0 | 0 | 1,457 |
| 2026 | 0 | 0 | 2 | 5 | 1,080 | 1,087 |
Insider / Designated-Person Trades
1 recent disclosure(s)
President of India acting through Ministry of Heavy Industries GOIDisposal · 17,42,09,815
Substantial Acquisitions (SAST)
1 disclosure(s)
Offer For Sale11/02/2026 - 12/02/2026 · 17,42,09,815
Company Information
Incorporated1964
ChairmanShri K Sadashiv Murthy
AuditorK Venkatachalam Aiyer & Co/K S Dua & Co
Investor Email[email protected]; [email protected]
📍 BHEL House, Siri Fort, New Delhi, New Delhi, 110049
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