Bharat Heavy Electricals Limited

Web: bhel.com NSE: BHEL BSE: 500103 SECTOR: Capital Goods - Electrical Equipment | Add Note | View Notes

431 0(0%)

Near 52W High of 446

Volume

60L as on 03, Sep

Open

424

High

424

Low

417

432

VWAP

430

52 Week High

446

52 Week Low

209

Viand Research Rating

Quality Score

56/100

Growth Score

87/100

Valuation Score

25/100

Momentum Score

70/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

1,50,199

No. of Shares

348

P/E

409.05

P/B

3.57

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

0.84

ROCE

Profit Growth

Listing Date

11-Nov-03

Promoter Holding

58.17%

FII Holding

9.52%

DII Holding

22.35%

Price Chart

Price Performance

1 Week0%

1 Month5%

3 Months6%

6 Months65%

1 Year105%

YTD48%

Moving Average

5 Day SMA432

10 Day SMA425

20 Day SMA421

30 Day SMA417

50 Day SMA412

61 Day SMA409

80 Day SMA408

200 Day SMA333

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	441	430	434	444
Resistance 2	434	429	430	436
Resistance 1	431	428	428	434
Pivot Point	424	428	424	425
Support 1	421	427	420	423
Support 2	414	426	418	415
Support 3	411	425	414	413

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,29,158	4922	3%	2%	21%	7%	31	94	0	9116
2	BEL	2,98,458	405	1%	4%	10%	10%	49	94	0	6062
3	TMCV	1,68,152	457	3%	2%	8%	40%	0	94	0.44	3030
4	ABB	1,57,098	7414	1%	2%	24%	44%	93	94	0.02	1668
5	BHEL	1,50,199	431	0%	5%	65%	105%	409	94	0.31	1600
6	SIEMENS	1,41,882	3984	2%	3%	21%	28%	66	94	0.02	2754
7	CGPOWER	1,41,050	895	0%	8%	26%	21%	119	94	0.01	1199
8	POWERINDIA	1,40,760	31580	6%	0	25%	69%	150	94	0.02	988
9	CUMMINSIND	1,39,335	5026	2%	9%	5%	29%	74	94	0	2362
10	POLYCAB	1,24,768	8280	3%	3%	3%	21%	52	94	0.02	2708
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 58.17%	(-5.01) 58.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%	(0.01) 63.17%
FIIs	(2.31) 9.52%	(1.01) 7.23%	(0.01) 6.28%	(-0.11) 6.23%	(-0.81) 6.36%	(-0.81) 7.19%	(-1.51) 7.98%	(0.41) 9.48%	(0.31) 9.10%	(1.71) 8.76%	(-0.21) 7.04%	(-0.51) 7.23%	(-0.81) 7.77%	(0.11) 8.58%	(3.71) 8.48%	(0.61) 4.81%	(0.21) 4.22%	(0.11) 4.00%	(-0.51) 3.86%	(0.01) 4.31%
DIIs	(-1.61) 22.35%	(4.21) 23.93%	(1.11) 19.70%	(0.21) 18.62%	(2.11) 18.45%	(0.91) 16.34%	(0.81) 15.49%	(-0.31) 14.69%	(-0.91) 15.03%	(-1.61) 15.95%	(1.61) 17.58%	(-0.41) 15.99%	(0.91) 16.36%	(0.81) 15.50%	(0.31) 14.71%	(1.91) 14.45%	(-0.11) 12.59%	(-1.11) 12.66%	(0.11) 13.80%	(0.01) 13.73%
Government	0.07%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	9.88%	10.63%	10.85%	11.98%	12.02%	13.29%	13.36%	12.66%	12.71%	12.14%	12.23%	13.62%	12.71%	12.76%	13.63%	17.57%	20.02%	20.17%	19.17%	18.79%
No. of Shareholders	1,628,020	1,755,262	1,791,831	1,961,664	1,983,215	2,120,567	2,083,026	1,995,266	1,880,851	1,499,202	1,265,436	1,227,658	1,012,617	1,016,936	1,027,958	1,192,232	1,287,798	1,281,743	1,204,729	1,138,654

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	7698	12310	8473	7512	5487	8993	7277	6584	5485	8260	5504	5125	5003	8227	5263	5203	4672	8062	5136	5112	2901
Sales Growth % (YoY)	40.3%	36.9%	16.4%	14.1%	0%	8.9%	32.2%	28.5%	9.6%	0.4%	4.6%	-1.5%	7.1%	2%	2.5%	1.8%	61%	12.4%	15.4%	38.3%	45.7%
Sales Growth % (QoQ)	-37.5%	45.3%	12.8%	36.9%	-39%	23.6%	10.5%	20%	-33.6%	50.1%	7.4%	2.4%	-39.2%	56.3%	1.2%	11.4%	-42%	57%	0.5%	76.2%	-
Expenses	7194	10557	7928	6931	6024	8162	6973	6309	5654	7532	5287	5279	5182	7178	5119	5446	4842	6910	5047	5142	3377
Operating Profit	504	1753	545	581	-537	832	304	275	-169	728	217	-154	-178	1049	144	-244	-170	1152	89	-30	-476
OPM %	7	14	6	8	-10	9	4	4	-3	9	4	-3	-4	13	3	-5	-4	14	2	-1	-16
Other Income	226	260	235	189	185	159	126	128	111	170	118	192	130	125	110	226	84	131	104	96	74
Interest	140	198	182	195	181	201	184	201	162	193	190	180	168	161	139	123	98	96	86	90	84
Depreciation	82	88	78	75	75	85	68	60	59	68	61	60	60	73	62	59	67	86	74	43	111
Profit before tax	508	1728	520	499	-608	704	179	141	-279	636	84	-202	-276	940	53	-199	-251	1102	33	-67	-597
Tax %	26	25	25	25	-25	28	25	25	-24	23	29	-69	-26	30	20	-106	-25	17	18	-31	-25
Net Profit	377	1290	390	375	-456	504	135	106	-211	490	60	-63	-205	658	42	12	-188	912	27	-47	-448
Net Profit Growth % (QoQ)	-70.8%	230.8%	4%	182.2%	-190.5%	273.3%	27.4%	150.2%	-143.1%	716.7%	195.2%	69.3%	-131.2%	1466.7%	250%	106.4%	-120.6%	3277.8%	157.4%	89.5%	-
Net Profit Growth % (YoY)	182.7%	156%	188.9%	253.8%	-116.1%	2.9%	125%	268.3%	-2.9%	-25.5%	42.9%	-625%	-9%	-27.9%	55.6%	125.5%	58%	-	-	-	-
TTM Net Profit	2432	1599	813	558	289	534	520	445	276	282	450	432	507	524	778	763	704	444	-468	-495	0
EPS in Rs	1.08	3.71	1.12	1.08	-1.31	1.45	0.39	0.3	-0.61	1.41	0.17	-0.18	-0.59	1.89	0.12	0.03	-0.54	2.62	0.08	-0.13	-1.29

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	33782	28339	23893	23365	21211	17309	21463	30441	28827	28465	25505	31323	39561	48903
Sales Growth %	19.2%	18.6%	2.3%	10.2%	22.6%	-19.4%	-29.5%	5.6%	1.3%	11.6%	-18.6%	-20.8%	-19.1%	1.2%
Expenses	31210	26940	23182	22321	20383	20357	21596	28409	27174	27370	26862	29183	34982	39420
Operating Profit	2572	1399	711	1044	828	-3049	-133	2032	1653	1095	-1357	2141	4579	9483
OPM %	8	5	3	4	4	-18	-1	7	6	4	-5	7	12	19
Other Income	869	524	608	544	405	393	590	662	679	753	1492	1221	1617	1132
Interest	986	906	828	612	448	467	613	378	330	413	360	92	133	128
Depreciation	316	272	249	260	314	473	503	476	787	850	937	1082	985	957
Profit before tax	2139	746	243	716	470	-3596	-659	1840	1215	586	-1161	2187	5078	9531
Tax %	25	28	-16	9	5	-25	123	46	64	22	-39	34	31	30
Net Profit	1600	534	282	654	445	-2700	-1468	1002	438	455	-706	1450	3502	6693
Net Profit Growth %	199.6%	89.4%	-56.9%	47%	116.5%	-83.9%	-246.5%	128.8%	-3.7%	164.4%	-148.7%	-58.6%	-47.7%	-
EPS in Rs	4.6	1.53	0.81	1.88	1.28	-7.75	-4.21	2.89	1.2	1.25	-1.92	3.96	9.54	18.23
Dividend Payout %	30	33	31	21	31	0	0	69	151	85	-14	20	20	20

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	5837	2192	-3713	-741	660	560	-2892	-3860	989	560	374	821	4512	1759
Cash from Investing Activity	-3035	-2731	1331	1480	-1118	-42	1877	1919	961	-565	23	650	-868	-1113
Cash from Financing Activity	-1806	-857	2656	89	-329	-394	1622	-32	-667	-468	-122	-3543	523	472
Net Cash Flow	996	-1396	274	829	-787	123	608	-1973	1283	-473	275	-2071	4167	1118

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	696	696	696	696	696	696	696	696	696	696	734	490	490	490	490	490
Reserves	25450	23704	24026	23503	23742	23682	25810	25287	27964	30208	31601	31899	31825	33717	32681	30059
Borrowings	8187	10969	9015	9128	8856	5454	4830	4951	5080	2598	110	156	211	1889	4693	2698
Other Liabilities	42554	36603	35112	28466	26489	27832	25654	25025	26550	30987	31495	29153	33051	34887	37468	38572
Total Liabilities	76888	71972	68849	61793	59784	57664	56991	55960	60291	64490	63940	61698	65577	70983	75331	71818
Fixed Assets	2999	2958	2947	2571	2574	2476	2398	2491	2817	2970	3073	3601	3969	4230	4729	4667
CWIP	495	275	195	311	308	354	431	420	314	235	203	168	318	2614	2931	2467
Investments	302	282	276	267	256	235	205	185	162	152	429	757	796	6	6	6
Other Assets	73092	68457	65431	58645	56646	54599	53956	52864	56998	61132	60235	57171	60494	64134	67665	64679
Total Assets	76888	71972	68849	61793	59784	57664	56991	55960	60291	64490	63940	61698	65577	70983	75331	71818

Delivery

Delivery Data: BHEL

#	Date	372 20% 446	Value (Cr)	Q/T 148	Del 45	Del 651
1	4-Sep	431	257	112	40	102
2	3-Sep	432	257	100	39	101
3	2-Sep	428	243	98	47	115
4	1-Sep	427	306	111	45	136
5	31-Aug	443	400	191	53	211
6	28-Aug	431	252	100	36	91
7	27-Aug	434	861	130	27	235
8	26-Aug	416	142	74	37	53
9	25-Aug	417	192	103	44	84
10	24-Aug	411	183	88	45	82
11	21-Aug	413	150	92	38	56
12	20-Aug	414	191	107	43	81
13	19-Aug	420	244	107	29	70
14	18-Aug	425	318	109	38	121
15	17-Aug	436	661	135	39	260
16	14-Aug	422	483	116	33	160
17	13-Aug	420	616	220	53	324
18	12-Aug	420	603	125	39	234
19	11-Aug	403	213	106	42	89
20	10-Aug	409	183	87	34	63
21	7-Aug	405	401	125	33	134
22	6-Aug	408	219	95	41	91
23	5-Aug	412	230	84	49	112
24	4-Aug	412	193	115	51	98
25	3-Aug	411	230	108	44	102
26	31-Jul	407	281	126	45	127
27	30-Jul	403	236	106	42	100
28	29-Jul	405	424	110	31	130
29	28-Jul	406	282	103	37	104
30	27-Jul	416	377	92	46	174
31	24-Jul	417	364	91	39	141
32	23-Jul	410	309	96	41	128
33	22-Jul	416	488	134	40	193
34	21-Jul	413	346	108	44	152
35	20-Jul	418	504	122	37	184
36	17-Jul	422	2099	103	34	711
37	16-Jul	435	2364	139	22	520
38	15-Jul	418	815	101	48	389
39	14-Jul	404	506	71	53	267
40	13-Jul	409	581	87	36	210
41	10-Jul	395	467	125	50	233
42	9-Jul	382	350	103	50	175
43	8-Jul	378	500	91	37	187
44	7-Jul	376	701	119	57	403
45	6-Jul	388	506	77	46	235
46	3-Jul	384	1156	116	45	520
47	2-Jul	402	483	93	36	174
48	1-Jul	414	418	129	42	176
49	30-Jun	414	770	157	51	392
50	29-Jun	414	1862	224	67	1250

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	1,50,199c	1,062c	0.71
03-Sep	1,49,137c	923c	0.61
01-Sep	1,50,060c	644c	0.43
31-Aug	1,50,704c	5,101c	3.50
26-Aug	1,45,603c	2,942c	2.06
25-Aug	1,42,660c	592c	0.41
24-Aug	1,43,252c	1,062c	0.74
21-Aug	1,44,314c	1,863c	1.27
19-Aug	1,46,177c	1,811c	1.22
18-Aug	1,47,988c	3,813c	2.51
17-Aug	1,51,801c	4,962c	3.38
14-Aug	1,46,839c	2,559c	1.77
13-Aug	1,44,279c	1,967c	1.35
12-Aug	1,46,247c	3,830c	2.69
11-Aug	1,42,416c	0	0
10-Aug	1,42,416c	1,323c	0.94
07-Aug	1,41,093c	1,323c	0.93
06-Aug	1,42,416c	35c	0.02
05-Aug	1,42,382c	0	0
04-Aug	1,42,382c	853c	0.60
31-Jul	1,41,529c	1,776c	1.27
30-Jul	1,39,753c	1,097c	0.78
29-Jul	1,40,850c	383c	0.27
28-Jul	1,41,233c	3,291c	2.28
27-Jul	1,44,523c	679c	0.47
24-Jul	1,45,202c	0	0

Stock Checklist

Price is above from 52 week high low average: 94%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 513 fund scheme(s) across 45 fund house(s) as of Aug26 · Total value ₹26,016 Cr · 291 increasing / 168 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Nippon India Mutual Fund	30	1.54%	+0.12%	6354.5
Aditya Birla Sun Life Mutual Fund	22	1.29%	+1.66%	4340.9
quant Mutual Fund	30	2.55%	+1.57%	3988.2
SBI Mutual Fund	21	0.61%	-0.64%	2697.1
Axis Mutual Fund	28	1.13%	+0.46%	1964.4
Mirae Asset Mutual Fund	20	1.18%	+0.17%	1853.1
Baroda BNP Paribas Mutual Fund	44	2.38%	-0.13%	1337.5
Edelweiss Mutual Fund	26	0.83%	+0.51%	1114.6
UTI Mutual Fund	14	1.16%	+3.63%	702.7
Tata Mutual Fund	24	0.90%	+1.38%	593.5
Bandhan Mutual Fund	20	0.54%	-0.52%	458.4
WhiteOak Capital Mutual Fund	12	1.39%	-0.03%	427.5
HSBC Mutual Fund	18	0.45%	+0.66%	407.8
Canara Robeco Mutual Fund	6	1.64%	-0.39%	406.7
Union Mutual Fund	24	1.49%	+0.63%	339.7
Motilal Oswal Mutual Fund	18	0.48%	+1.96%	249.3
JM Financial Mutual Fund	6	1.66%	+0.04%	219.1
Mahindra Manulife Mutual Fund	4	2.10%	-	153.2
PGIM India Mutual Fund	2	0.50%	+0.50%	108.8
ITI Mutual Fund	10	1.26%	+0.04%	76.7
Samco Mutual Fund	8	1.87%	-	50.3
Sundaram Mutual Fund	4	1.09%	+0.41%	41
Jio BlackRock Mutual Fund	4	0.98%	+0.87%	37
Helios Mutual Fund	2	0.92%	+0.92%	33.1
Navi Mutual Fund	10	1.31%	+0.03%	21.3
LIC Mutual Fund	4	1.26%	+1.64%	19.9
Zerodha Mutual Fund	4	0.71%	-0.03%	13.2
Bank of India Mutual Fund	3	0.29%	-0.21%	12.2
Franklin Templeton Mutual Fund	2	0.16%	+0.22%	12.1
Taurus Mutual Fund	2	3.33%	-0.03%	8.3
Groww Mutual Fund	6	0.54%	+0.22%	4.8
Trust Mutual Fund	4	0.10%	-0.65%	1.5
Angel One Mutual Fund	2	0.29%	+0.08%	0.4
NJ Mutual Fund	4	0.00%	-0.02%	0
Unifi Mutual Fund	2	-0.01%	-	-0.2
The Wealth Company Mutual Fund	4	-0.82%	+3.66%	-4.6
Old Bridge Mutual Fund	2	-3.37%	-	-9.4
Bajaj Finserv Mutual Fund	2	-0.75%	-0.31%	-14.8
Invesco Mutual Fund	2	-0.04%	-2.24%	-19.3
HDFC Mutual Fund	14	-0.07%	-0.03%	-70.3
DSP Mutual Fund	6	-1.78%	+0.23%	-148.2
PPFAS Mutual Fund	4	-2.00%	+0.03%	-168.2
Kotak Mahindra Mutual Fund	22	-0.08%	+0.01%	-178.4
ICICI Prudential Asset Management Company Limited	1	-3.08%	+0.83%	-560.9
ICICI Prudential Mutual Fund	16	-0.94%	+0.13%	-858.4

Bharat Heavy Electricals Limited

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