Bharat Heavy Electricals DuPont analysis

Profitability Growth Credit Liquidity Working capital Dividend yield DuPont CAGR

Per cent unless marked ×

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

5-step DuPont — ROE = tax burden × interest burden × EBIT margin × turnover × leverage						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	0.76×	0.77×	0.78×	1.58×	1.13×
	1.08×	1.03×	0.71×	0.49×	0.93×
	9.3%	6.0%	3.4%	1.5%	2.0%
	0.47×	0.47×	0.45×	0.40×	0.40×
	2.87×	2.91×	2.75×	2.41×	2.21×
	10.3%	6.5%	2.3%	1.1%	1.8%
	6.3%	6.3%	2.2%	1.1%	1.8%

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

BHEL₹401.95

Bharat Heavy Electricals Ltd.

· Capital Goods & Defence

₹ CrorePeersLT THERMAX SUZLON ASHOKLEY APLAPOLLO POLYCAB GVT&D POWERINDIAMcap ₹1.40L Cr

Profitability Growth Credit Liquidity Working Capital Yield Analysis DuPont

Ratios — % unless marked × 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
5-Step DuPont — ROE = Tax Burden × Interest Burden × EBIT Margin × Turnover × Leverage
Tax Burden (Net Income/Pretax) ×	1.13	1.58	0.78	0.77	0.76
Interest Burden (Pretax/EBIT) ×	0.93	0.49	0.71	1.03	1.08
EBIT Margin %	1.95	1.52	3.42	6.00	9.26
Asset Turnover ×	0.40	0.40	0.45	0.47	0.47
Financial Leverage (Assets/Equity) ×	2.21	2.41	2.75	2.91	2.87
ROE (5-step product, year-end total equity) %	1.81	1.14	2.33	6.49	10.29
ROE (owners' profit / average owners' equity) %	1.79	1.10	2.17	6.29	6.29

No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.