Track Bharat Heavy Electricals Limited live share price with 52 week high and low, chart views, fundamentals, financial statements, ratios, peer comparison, dividends, bonuses/splits and company details for educational research.
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BHEL is one of India’s major engineering and manufacturing companies for power and infrastructure equipment. It works across design, engineering, manufacturing, construction, testing, commissioning and servicing of equipment and systems used in power generation, transmission, industry, transportation, renewable energy, oil and gas and defence-related applications.
BHEL is closely linked to India’s power and industrial capital expenditure cycle. Customers use the company for equipment supply, project execution, after-sales services, renovation, modernisation, spares and technology-led manufacturing solutions.
Important investor monitorables include order inflow, order book, project execution, operating margins, receivables, inventory days, free cash flow, borrowings, government shareholding, dividend announcements and investments in thermal, hydro, nuclear, transmission, renewables, railways, defence and industrial projects.
BHEL makes money by supplying heavy electrical equipment, engineering products, project packages, spares and services to utilities, government customers, industrial companies and infrastructure projects. Large orders may take several quarters or years to execute, so revenue recognition, working capital and cash flows can be uneven.
The company’s business model is order-driven. New orders increase future revenue visibility, but profitability depends on bid pricing, project execution, raw material costs, customer payments, warranty obligations, technology requirements and the mix of manufacturing, services and project work.
BHEL serves customers across multiple infrastructure sectors. The table below explains the major areas in simple terms for customers, beginners and retail investors.
| Segment / Area | What it includes | Why customers and investors track it |
|---|---|---|
| Power | Thermal, hydro, gas and nuclear power equipment, boilers, turbines, generators and project services | Large order wins and execution pace can affect revenue visibility and margins. |
| Industry | Transportation, defence, process industries, oil and gas, industrial systems and services | Diversification beyond conventional power can improve resilience. |
| Transmission | Transformers, switchgear and power evacuation systems | Grid investment and renewable integration can create demand. |
| Renewables and New Energy | Solar, battery energy storage, EV chargers and low-emission technologies | Important for long-term transition; monitor order scale and profitability. |
| Services and Spares | Renovation, modernisation, spare parts and life-extension support | Installed base can create recurring opportunities. |
Order book and order inflow are especially important for BHEL because projects are executed over time. The figures below are educational snapshots and should be updated from official annual reports, investor presentations and stock exchange filings before publication or investment use.
| Area | Snapshot | How to read it |
|---|---|---|
| FY 2024-25 revenue snapshot | ₹27,350 Cr provisional revenue was announced for FY 2024-25 | Use audited annual report and exchange filings for final figures. |
| Order inflow | ₹92,534 Cr order inflow was announced for FY 2024-25 | New orders do not become revenue immediately. |
| Order book | ₹1,95,922 Cr order book was announced at FY 2024-25 end | Execution, working capital and margin quality matter as much as size. |
| Power-sector orders | ₹81,349 Cr orders were announced for the power sector | Shows strong exposure to power-sector capital expenditure. |
| Industrial orders | ₹11,185 Cr fresh industrial segment orders were announced | Supports diversification across transportation, defence and industry. |
| Commissioned capacity | 8.1 GW power capacity was announced as commissioned or synchronised | Execution milestones support revenue and cash conversion. |
This section helps beginners understand sales, operating profit, margins, net profit and EPS. For project companies like BHEL, quarterly and yearly profits may fluctuate due to execution schedules, cost changes, provisions and order mix.
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | ₹23,893 Cr | ₹28,339 Cr | ₹33,782 Cr |
| Expenses | ₹23,182 Cr | ₹26,940 Cr | ₹31,440 Cr |
| Operating Profit | ₹711 Cr | ₹1,399 Cr | ₹2,342 Cr |
| Operating Profit Margin | 3% | 5% | 7% |
| Other Income | ₹608 Cr | ₹524 Cr | ₹869 Cr |
| Interest | ₹828 Cr | ₹906 Cr | ₹756 Cr |
| Profit Before Tax | ₹243 Cr | ₹746 Cr | ₹2,139 Cr |
| Net Profit | ₹282 Cr | ₹534 Cr | ₹1,600 Cr |
| EPS | ₹0.81 | ₹1.53 | ₹4.60 |
| Dividend Payout | 31% | 33% | 30% |
Financial figures should be verified from BHEL audited annual reports and official exchange filings before use. Do not treat this table as investment advice.
The balance sheet shows how the company is funded and where funds are deployed. For BHEL, investors should pay attention to reserves, borrowings, other liabilities, fixed assets, capital work in progress, inventory, receivables and other current assets.
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | ₹696 Cr | ₹696 Cr | ₹696 Cr |
| Reserves | ₹23,742 Cr | ₹24,026 Cr | ₹25,450 Cr |
| Borrowings | ₹8,856 Cr | ₹9,015 Cr | ₹8,187 Cr |
| Other Liabilities | ₹26,489 Cr | ₹35,112 Cr | ₹41,852 Cr |
| Total Liabilities | ₹59,784 Cr | ₹68,849 Cr | ₹76,186 Cr |
| Fixed Assets | ₹2,574 Cr | ₹2,947 Cr | ₹3,094 Cr |
| Capital Work in Progress | ₹308 Cr | ₹195 Cr | ₹399 Cr |
| Investments | ₹256 Cr | ₹276 Cr | ₹302 Cr |
| Other Assets | ₹56,646 Cr | ₹65,431 Cr | ₹72,390 Cr |
| Total Assets | ₹59,784 Cr | ₹68,849 Cr | ₹76,186 Cr |
Balance sheet items can move meaningfully with project advances, receivables, inventories and customer payments. Verify the latest audited numbers from official filings.
Cash flow is important because profit does not always convert into cash immediately in long-cycle project businesses. Positive operating cash flow and improving free cash flow can indicate better collections and working capital discipline.
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from Operating Activity | -₹3,713 Cr | ₹2,192 Cr | ₹5,837 Cr |
| Cash from Investing Activity | ₹1,331 Cr | -₹2,731 Cr | -₹3,035 Cr |
| Cash from Financing Activity | ₹2,656 Cr | -₹857 Cr | -₹1,806 Cr |
| Net Cash Flow | ₹274 Cr | -₹1,396 Cr | ₹996 Cr |
| Free Cash Flow | -₹3,936 Cr | ₹1,924 Cr | ₹5,261 Cr |
| CFO / Operating Profit | -554% | 151% | 258% |
Use cash flow data together with receivables, inventory days, order advances and management commentary. Always confirm the latest cash flow statement from official annual reports.
Ratios help users compare financial efficiency over time. For BHEL, working capital ratios, debtor days, inventory days and return ratios are particularly useful because order execution and payment cycles can be long.
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Debtor Days | 73 | 76 | 73 |
| Inventory Days | 253 | 289 | 212 |
| Days Payable | 270 | 259 | 167 |
| Cash Conversion Cycle | 56 days | 106 days | 119 days |
| Working Capital Days | 60 | 99 | 79 |
| ROCE | 3% | 5% | 9% |
| Sales Growth | 10Y: 3% | 5Y: 14% | 3Y: 13% |
| Profit Growth | 10Y: 16% | 5Y: 21% | 3Y: 37% |
| Return on Equity | 10Y: 0% | 5Y: 3% | Last year: 6% |
BHEL does not have a perfect listed peer because its business combines public-sector ownership, heavy electrical manufacturing, power equipment, project execution and industrial engineering. Use peer comparison as a context tool, not as a direct ranking.
| Company | Primary comparison area | Investor lens |
|---|---|---|
| BHEL | Power equipment and public-sector engineering projects | Order book, execution, margins, working capital and PSU ownership |
| Siemens Ltd | Automation, electrification, mobility and smart infrastructure | Technology mix, order quality and valuation premium |
| ABB India Ltd | Electrification, motion and automation | Return ratios, cash generation and industrial demand |
| CG Power | Motors, transformers and industrial electrical products | Product-led growth, margins and return ratios |
| Thermax Ltd | Energy, environment and industrial solutions | Industrial capex, clean energy and project execution |
| BEML Ltd | Rail, metro, mining, defence and heavy engineering | Government-linked orders and manufacturing execution |
Peer valuations and financial metrics change daily. Verify market cap, P/E, P/B, ROE, ROCE, debt and order book from live market data and official filings before drawing conclusions.
Dividends, bonuses and splits are corporate actions. They can affect cash received, share count, face value, adjusted price charts and long-term return calculations. They do not replace analysis of business quality, cash generation and valuation.
| Year | Dividend Detail | Note |
|---|---|---|
| FY 2024-25 | Final dividend of ₹0.50 per equity share was reported by market data sources | Verify from NSE/BSE/company filings. |
| FY 2023-24 | Final dividend of ₹0.25 per equity share was reported by market data sources | Verify record date and payment details. |
| FY 2022-23 | Final dividend of ₹0.40 per equity share was reported by market data sources | Dividend history does not guarantee future dividends. |
| Payout ratio | 31%, 33% and 30% for Mar 2024, Mar 2025 and Mar 2026 snapshots | Use audited financial statements for confirmation. |
| Action | Detail | Note |
|---|---|---|
| Bonus issue | Historical data providers show bonus issues including 1:2 in 2017 and 1:1 in 2007 | Confirm exact ratios and dates from exchange records. |
| Split / face value | BHEL commonly shows face value of ₹2 in market data | Check exchange corporate action records for split history. |
| Investor impact | Bonuses and splits change share count and adjusted prices | They do not by themselves change business value. |
Always verify the latest BHEL dividend, bonus, split, record date and ex-date from official exchange filings. Corporate action histories can differ across websites because of adjustments and data refresh timing.
These FAQs explain BHEL’s products, services, business model, risks, dividends, corporate actions and investor monitorables in simple language for beginners and retail investors.
Bharat Heavy Electricals Limited, commonly called BHEL, is an Indian engineering and manufacturing company that supplies equipment, systems and services for power generation, transmission, industry, transportation, renewable energy, oil and gas, defence and other infrastructure sectors.
The NSE symbol is BHEL, the Yahoo Finance-compatible NSE symbol is BHEL.NS, and the BSE code is 500103. Always verify symbols, corporate actions and announcements from NSE, BSE or company filings before using the data.
BHEL offers boilers, turbines, generators, transformers, motors, industrial systems, power plant equipment, hydro equipment, transmission products, railway and transportation equipment, defence and aerospace components, solar solutions, battery energy storage, EV chargers, spares and after-sales services.
BHEL earns revenue from manufacturing, engineering, project execution, equipment supply, commissioning, renovation, modernisation, spares and services. Since many projects are large and long-cycle, revenue, profit and cash flow can vary across quarters.
Order book shows pending work that may convert into future revenue. Investors should also check execution speed, margins, raw material costs, receivables, customer advances and cash collection because order size alone does not guarantee profit.
BHEL is commonly analysed through power-sector business and industrial/infrastructure business. Power includes thermal, hydro, gas and nuclear power equipment. Industry includes transportation, defence, renewables, process industries, oil and gas, transmission and industrial products.
BHEL is a public sector enterprise. Government ownership and public infrastructure spending can influence demand and sentiment, but investors should still evaluate profitability, return ratios, working capital and valuation independently.
Key risks include project delays, margin pressure, cost escalation, receivable build-up, high working capital, competitive bidding, energy-policy changes, slow order conversion, dependence on large infrastructure orders and volatility in quarterly earnings.
BHEL has paid dividends in several years, but dividends are not guaranteed. Dividend amount, record date and ex-date must be verified from official exchange filings because dividends depend on profit, cash flow, board approval and shareholder approval.
BHEL has a history of corporate actions including bonus issues and share splits. Users should verify exact ratios, ex-dates and record dates from NSE, BSE and BHEL investor records before calculating adjusted returns.
BHEL is often compared with capital goods and engineering companies such as Siemens, ABB India, CG Power, Thermax and BEML. These are not perfect like-for-like peers, so compare business mix, margins, returns, cash flow and order book carefully.
Monitor order inflow, order book, power-sector capex, execution, operating margin, receivable days, inventory days, free cash flow, debt, government shareholding, dividends, quarterly results and management commentary. This page is educational and does not provide buy or sell recommendations.
