Bharat Heavy Electricals Limited

Web: bhel.com NSE: BHEL BSE: 500103 SECTOR: Capital Goods - Electrical Equipment

408 8(-2%)

Near 52W High of 446

Volume

1c as on 22, Jul

Open

415

High

419

Low

412

416

VWAP

417

52 Week High

446

52 Week Low

205

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)

1,42,155

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 Month1%

3 Months25%

6 Months66%

1 Year66%

YTD43%

Moving Average

5 Day SMA421

10 Day SMA411

20 Day SMA404

30 Day SMA400

50 Day SMA402

61 Day SMA396

80 Day SMA370

200 Day SMA307

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	424	415	421	424
Resistance 2	421	415	418	421
Resistance 1	417	414	417	417
Pivot Point	414	413	414	414
Support 1	410	413	412	411
Support 2	407	412	410	408
Support 3	404	411	407	404

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,05,236	4564	3%	1%	5%	3%	31	94	0	9116
2	BEL	2,95,132	404	1%	6%	3%	2%	49	94	0	6062
3	ABB	1,59,111	7508	4%	3%	58%	31%	93	94	0.01	1668
4	CUMMINSIND	1,54,691	5580	1%	3%	37%	54%	74	94	0	2362
5	TMCV	1,49,748	407	4%	1%	9%	23%	0	94	0.44	3030
6	POWERINDIA	1,42,877	32055	6%	13%	90%	61%	150	94	0.02	988
7	BHEL	1,42,155	408	0%	1%	66%	66%	409	94	0.31	1600
8	CGPOWER	1,39,071	883	2%	5%	59%	34%	119	94	0.01	1199
9	POLYCAB	1,34,302	8915	3%	9%	30%	32%	52	94	0.02	2708
10	SIEMENS	1,30,497	3664	2%	3%	25%	16%	66	94	0.02	2754
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

OI Chart

Price

Delivery

#	Date	368 21% 446	Value (Cr)	Q/T 141	Del 45	Del 677
1	22-Jul	416	488	134	40	193
2	21-Jul	413	346	108	44	152
3	20-Jul	418	504	122	37	184
4	17-Jul	422	2099	103	34	711
5	16-Jul	435	2364	139	22	520
6	15-Jul	418	815	101	48	389
7	14-Jul	404	506	71	53	267
8	13-Jul	409	581	87	36	210
9	10-Jul	395	467	125	50	233
10	9-Jul	382	350	103	50	175
11	8-Jul	378	500	91	37	187
12	7-Jul	376	701	119	57	403
13	6-Jul	388	506	77	46	235
14	3-Jul	384	1156	116	45	520
15	2-Jul	402	483	93	36	174
16	1-Jul	414	418	129	42	176
17	30-Jun	414	770	157	51	392
18	29-Jun	414	1862	224	67	1250
19	25-Jun	403	349	161	53	185
20	24-Jun	403	379	134	45	172
21	23-Jun	400	394	107	37	144
22	22-Jun	412	418	130	39	161
23	19-Jun	414	914	145	40	369
24	18-Jun	406	611	138	34	207
25	17-Jun	392	306	118	48	147
26	16-Jun	384	237	58	46	108
27	15-Jun	383	301	121	36	109
28	12-Jun	379	349	106	40	139
29	11-Jun	371	416	90	42	177
30	10-Jun	377	425	115	42	179
31	9-Jun	397	372	113	48	177
32	8-Jun	386	371	87	34	126
33	5-Jun	387	682	116	23	158
34	4-Jun	389	893	144	35	313
35	3-Jun	406	405	105	32	130
36	2-Jun	411	348	93	33	115
37	1-Jun	405	376	90	35	133
38	29-May	417	785	96	64	502
39	27-May	422	448	111	42	188
40	26-May	418	394	136	36	141
41	25-May	419	460	139	41	188
42	22-May	409	323	122	38	122
43	21-May	408	336	96	31	103
44	20-May	408	441	116	36	160
45	19-May	401	465	131	37	173
46	18-May	395	420	90	35	148
47	15-May	398	640	139	40	258
48	14-May	413	913	135	44	406

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	1,42,155c	2,977c	2.05
22-Jul	1,45,132c	627c	0.43
21-Jul	1,44,506c	2,194c	1.50
17-Jul	1,46,699c	6,546c	4.27
16-Jul	1,53,246c	11,456c	8.08
15-Jul	1,41,790c	1,236c	0.88
14-Jul	1,40,554c	1,967c	1.38
13-Jul	1,42,521c	5,885c	4.31
10-Jul	1,36,636c	3,465c	2.60
09-Jul	1,33,172c	1,550c	1.18
08-Jul	1,31,622c	139c	0.11
07-Jul	1,31,483c	3,378c	2.50
06-Jul	1,34,860c	7,016c	4.95
02-Jul	1,41,877c	2,385c	1.65
01-Jul	1,44,262c	1,288c	0.89
30-Jun	1,45,550c	5,954c	4.27
29-Jun	1,39,596c	400c	0.29
26-Jun	1,39,996c	1,584c	1.12
25-Jun	1,41,581c	1,741c	1.25
24-Jun	1,39,840c	453c	0.32
23-Jun	1,39,387c	4,022c	2.80
22-Jun	1,43,409c	1,793c	1.24
19-Jun	1,45,202c	8,636c	6.32
17-Jun	1,36,567c	2,960c	2.22
16-Jun	1,33,607c	313c	0.24
15-Jun	1,33,293c	1,758c	1.34
12-Jun	1,31,535c	2,107c	1.63
11-Jun	1,29,428c	3,970c	2.98
10-Jun	1,33,398c	0	0

Stock Checklist

Price is above from 52 week high low average: 68%

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 462 fund scheme(s) across 42 fund house(s) as of Jul26 · Total value ₹23,436 Cr · 78 increasing / 26 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Nippon India Mutual Fund	28	2.69%	+0.01%	5634.8
SBI Mutual Fund	21	5.49%	-	4671.4
quant Mutual Fund	24	4.41%	-	1982.9
Mirae Asset Mutual Fund	22	18.21%	-	1690.3
Aditya Birla Sun Life Mutual Fund	18	4.60%	-	1452.9
Axis Mutual Fund	26	0.83%	-	1440
Baroda BNP Paribas Mutual Fund	42	5.67%	-	1381.5
Invesco Mutual Fund	2	2.27%	-	1239.4
HSBC Mutual Fund	14	2.55%	-	1130.8
Edelweiss Mutual Fund	20	1.65%	-	935.3
Bandhan Mutual Fund	20	3.45%	-	682.9
Canara Robeco Mutual Fund	6	1.96%	-	443.1
WhiteOak Capital Mutual Fund	12	1.17%	+0.07%	426
Tata Mutual Fund	18	0.85%	-	289.4
JM Financial Mutual Fund	6	10.41%	-0.07%	241.9
Union Mutual Fund	14	13.30%	-	176.7
Motilal Oswal Mutual Fund	18	2.42%	-	173.7
Mahindra Manulife Mutual Fund	4	2.77%	+0.27%	153.2
PPFAS Mutual Fund	4	1.52%	-	134.7
ITI Mutual Fund	8	1.34%	+0.15%	71.1
Samco Mutual Fund	8	2.19%	+2.11%	50.3
Sundaram Mutual Fund	2	1.16%	-	22.9
Bank of India Mutual Fund	3	0.50%	-	21.2
Navi Mutual Fund	10	2.69%	-	20.3
Zerodha Mutual Fund	4	0.69%	+0.07%	13.2
Groww Mutual Fund	12	2.82%	-	8.6
Taurus Mutual Fund	2	3.35%	+0.47%	8.4
Trust Mutual Fund	6	0.12%	-	2.2
Angel One Mutual Fund	2	0.20%	-	0.2
Unifi Mutual Fund	2	0.01%	-	-0.2
NJ Mutual Fund	4	0.02%	-	-0.4
Jio BlackRock Mutual Fund	3	0.89%	-	-0.9
LIC Mutual Fund	4	0.12%	-	-1.1
Franklin Templeton Mutual Fund	2	0.19%	-0.05%	-5.6
Old Bridge Mutual Fund	2	2.50%	-1.93%	-9.4
Kotak Mahindra Mutual Fund	22	-0.39%	+1.41%	-10
Bajaj Finserv Mutual Fund	2	0.93%	+0.13%	-22.4
HDFC Mutual Fund	14	-6.79%	+0.46%	-84.2
DSP Mutual Fund	6	0.73%	-	-121.7
UTI Mutual Fund	8	-96.98%	-	-205.6
ICICI Prudential Asset Management Company Limited	1	0.81%	+0.81%	-271.2
ICICI Prudential Mutual Fund	16	-29.46%	+0.19%	-330.5

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Date	Purpose
16-Jul-26	Q1 2027