Bharat Heavy Electricals Limited

BHEL
NSE· Capital Goods
395.25
+13.65 (+3.58%)
Updated 12:29 pm IST
52W Low · ₹205.1252W High · ₹424.70
Near 52W High
Market Cap
₹137628.55L Cr
Volume
1.19Cr
Prev Close
₹381.60
ISIN
INE257A01026

Orion Score

Fundamentals-based quality & risk · not a recommendation

38/100
Caution

Bharat Heavy Electricals Limited scores 38/100 (Caution) on the Orion Score — poor business quality (27), strong growth (73), weak balance-sheet safety (40) and rich valuation (19). A fundamentals-based quality & risk score, not a buy/sell recommendation.

Quality
27
Growth
73
Safety
40
Value
19

Full Orion analysis

Risk checks

  • Profit converts to cash (CFO 1.4× PAT)
  • Low debt, comfortable interest cover
  • No distress, manipulation or dilution flags

Forensic accounting

Piotroski F 7/9Altman Z Safe(3.77)Beneish M Clean(-2.61)

Piotroski F = fundamental health (0–9, higher is better) · Altman Z = bankruptcy / distress risk · Beneish M = earnings-manipulation check

Technical / Momentum

Price Trend

76/100

Strong

Technical momentum companion — separate from the fundamentals-based Orion Score.

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VestAI Stock Score

VALUATION
Low Debt
D/E 0.31x — lean balance sheet
QUALITY
Low Quality
ROCE 4.6% — poor capital efficiency
MOMENTUM
Neutral
RSI 53.2 — consolidating

Price Chart

SMA 20
SMA 50
SMA 200

Key Fundamentals

Q4 FY2026

P/E Ratio
85.55
ROCE
4.62%
ROE (1Y)
6.29%
D/E Ratio
0.31x
OPM
13.53%
TTM EPS
₹4.62
Dividend Yield
37.00%
Qtrly Sales
₹12,310.37 Cr
Qtrly Profit
₹1,290.47 Cr

Technical Signals

Quarterly Results

Revenue & Profit in ₹ Crores

Revenue Net Profit
QuarterRevenueNet ProfitOPMEPS
Q4 2026₹12,310.37₹1,290.4713.5%₹3.71
Q3 2026₹8,473.1₹390.45.5%₹1.12
Q1 2026₹5,486.91₹-455.5-11.2%₹-1.31
Q4 2025₹8,993.37₹504.458.3%₹1.45
Q3 2025₹7,277.09₹134.73.3%₹0.39

Annual P&L

Revenue & Profit in ₹ Crores (Yearly)

Revenue Net Profit
YearRevenueNet ProfitEBITDAOPM
FY 2025₹27,355.17₹533.9₹1,765.813.0%
FY 2024₹22,920.52₹282.22₹1,222.810.8%
FY 2023₹22,136.3₹637.44₹1,496.890.4%
FY 2022₹20,153.38₹446.03₹1,140.542.1%

Peer Comparison — Capital Goods

Top companies in the same sector by market cap

CompanyMkt CapP/EROCEROED/EOPM
BHEL₹1,37,629 Cr85.554.62%6.29%0.31x13.53%
BEL₹3,03,246 Cr49.0429.65%27.56%0.00x27.47%
APARINDS₹56,477 Cr57.8028.67%19.74%0.18x6.90%
COCHINSHIP₹37,305 Cr51.5410.41%12.52%0.28x18.71%
BEML₹15,513 Cr110.285.20%4.86%0.11x13.88%
AEROFLEX₹5,473 Cr96.1713.23%14.06%0.02x17.67%

Balance Sheet

All values in ₹ Crores

MetricFY 2025FY 2024FY 2023FY 2022
Total Assets₹68,083.18₹59,001.92₹56,920.02₹53,617.26
Equity₹24,722.18₹24,438.65₹24,378.26₹23,880.1
Total Debt₹9,014.6₹8,856.46₹5,453.51₹4,829.93
Cash₹390.32₹1,718.86₹1,449.11₹732.62
Net Debt₹8,404.68₹7,089.14₹3,935.89₹4,012.38
Working Capital₹14,534.18₹9,294.87₹5,614.95₹5,546.56

Shareholding Pattern

Q1 FY2027

Promoter
59.74%
FII
13.76%
DII
11.26%
Public
15.24%

Quarter-over-Quarter Trend

QuarterPromoterFIIDIIPublic
Q1 FY202759.74% ↓13.76% ↑11.26% ↑15.24% ↓
Q4 FY202659.97% ↓11.98% ↑9.81% ↓18.24% ↑
Q3 FY202663.17%6.28% ↑19.7% ↑10.85% ↓
Q2 FY202663.17%6.23% ↓18.62% ↑11.98% ↓
Q1 FY202663.17%6.36% ↓18.45% ↑12.02% ↓
Q4 FY202563.17%7.19% ↓16.34% ↑13.29% ↓
Q3 FY202563.17%7.98% ↓15.49% ↑13.36% ↑
Q2 FY202563.17%9.48%14.69%12.66%

Corporate Actions

Ex-DateActionDetails
2026-07-17
DIVIDEND
Dividend - Rs 1.40 Per Share

Funds Holding This Stock

217 mutual fund schemes

1

8.74%

₹43 Cr

6

5.08%

₹45 Cr

7
Baroda BNP Paribas Value Fund Direct GrowthBARODABNPPARIBASMUTUALFUND_MF

4.68%

₹49 Cr

9

4.47%

₹31 Cr

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About Bharat Heavy Electricals Limited (BHEL) Stock

Bharat Heavy Electricals Limited is listed on the NSE under the Capital Goods sector, Heavy Electrical Equipment industry. ISIN: INE257A01026. Track live share price, technical analysis, RSI, MACD, PE ratio, and smart money holdings on VestAI — India's AI-powered stock analysis platform.