Debut Plus

422

-13.41 -3.08%

18 Jul 2026

NSE Listed · Capital Goods - Electrical Equipment

Bhel (BHEL)

Volume: 26,19,192Avg Vol 1W: 2,24,59,639Avg Vol 1M: 1,19,46,98252W Range:205.12446.5
Market Cap₹1,46,943 Cr
Current Price₹422
Previous Close₹435.41
High / Low (52w)₹446.5 / ₹205.12
Volume26,19,192
Avg Vol (1W)2,24,59,639
Avg Vol (1M)1,19,46,982
Stock P/E60.37
Book Value₹75.09
Dividend Yield32%
ROE6.12%
ROA319.28%
Revenue (TTM)
Revenue Growth18.61%
Profit Margin6.76%
Total Debt₹0 Cr
Shares Outstanding348 Cr
Face Value₹2
EPS (TTM)₹6.99
P/B5.62
Debt / Equity0.34
50 DMA₹400.35
200 DMA₹343.82
Day change-3.08%
Price Chart
422 49.20% · 1Y
43524310.5Cr
2025-11-25
2026-07-17

20-day avg volume: 1.2Cr shares

Pros
  • Pays a dividend yield of 32.0%.
  • Company is almost debt-free.
  • Revenue grew 20% YoY.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 60.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹6,584 Cr₹7,277 Cr₹8,993 Cr₹5,487 Cr₹7,512 Cr₹8,473 Cr₹12,310 Cr₹7,698 Cr
EBITDA₹326 Cr₹344 Cr₹896 Cr₹-440 Cr₹680 Cr₹686 Cr₹1,908 Cr₹636 Cr
Net Profit₹106 Cr₹135 Cr₹504 Cr₹-455 Cr₹375 Cr₹390 Cr₹1,290 Cr₹377 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
EPS2.76-4.21-7.751.281.880.811.534.6
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
ROCE5.8%
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.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters63.2%63.2%63.2%63.2%63.2%63.2%63.2%63.2%63.2%63.2%58.2%58.2%
FIIs7.2%7%8.8%9.1%9.5%8%7.2%6.4%6.2%6.3%7.2%9.5%
DIIs16%17.6%15.9%15%14.7%15.5%16.3%18.5%18.6%19.7%24%22.4%
Public13.6%12.2%12.1%12.7%12.7%13.4%13.3%12%12%10.8%10.6%9.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders12,27,65812,65,43614,99,20218,80,85119,95,26620,83,02621,20,56719,83,21519,61,66417,91,83117,55,26216,28,020
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
President Of IndiaShareholding of Promoter and Promoter Group58.2%202.54 Cr
Life Insurance Corporation Of IndiaPublic Shareholding6%20.93 Cr
Nippon Life India Trustee Ltd.Public Shareholding2.5%8.67 Cr
Nps TrustPublic Shareholding1.6%5.66 Cr
Sbi Mutual FundPublic Shareholding1.3%4.61 Cr
Axis Mutual Fund Trustee Ltd.Public Shareholding1.1%3.72 Cr
Promoter Pledges
HolderPledged Shares% of HoldingAs of
President Of India00%2026-06-30
Axis Mutual Fund Trustee Ltd.00%2026-06-30
Sbi Mutual Fund00%2026-06-30
Nippon Life India Trustee Ltd.00%2026-06-30
Life Insurance Corporation Of India00%2026-06-30
Nps Trust00%2026-06-30
President Of India00%2026-03-31
Nippon Life India Trustee Ltd00%2026-03-31
Sbi Psu Fund00%2026-03-31
Axis Mutual Fund Trustee Ltd.00%2026-03-31
Mirae Asset Etf00%2026-03-31
Isif Equity Fund00%2026-03-31
Board of Directors
NameDesignationYear
Shri K Sadashiv MurthyChairman / Executive Director / Managing Director2026
Tajinder GuptaExecutive Director (HR)2026
Bani VarmaExecutive Director2026
Rajesh Kumar DwivediExecutive Director (Fin) & CFO2026
S M RamanathanDirector2026
Vijay MittalPart Time Dir.(Govt.Nominee)2026
Nigar Fatima HusainPart Time Dir.(Govt.Nominee)2026
Yogesh R ChhabraCompany Secretary2026
Segments — Product
SegmentRevenueShare
Power₹20,937 Cr73.9%
Industry₹7,402 Cr26.1%
Segments — Geography
RegionRevenueShare
Within India₹27,863 Cr98.3%
Outside India₹476 Cr1.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹22,000696696
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-17Dividend (1.4/- per share)Final
dividend2026-07-17₹1.4 (70%)Final
forthcoming2026-07-16Board Meetings
dividend2025-08-01₹0.5 (25%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026001,86551,0802,950
2026001,457001,457
202600251,0801,087
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
🌐 www.bhel.com

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

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