BHEL428.20

Bharat Heavy Electricals Ltd.

· Capital Goods & Defence
₹ CrorePeersLTTHERMAXSUZLONASHOKLEYAPLAPOLLOPOLYCABGVT&DPOWERINDIAMcap ₹1.49L Cr
Comp Set
In ₹ Crore except Per Share
Latest Annual
BHEL
FY26
LT
FY26
THERMAX
FY26
SUZLON
FY26
Peer
Median
Valuation — at last close
P/E93.09×33.65×56.92×19.13×33.65× +177%
P/B5.70×4.21×7.35×6.40×6.40× -11%
EV/EBITDA66.54×20.17×40.28×19.87×20.17× +230%
Market Cap₹1.49L Cr₹5.41L Cr₹41,005 Cr₹60,651 Cr₹60,651 Cr +146%
Growth
Revenue CAGR 3Y13.08%15.96%9.75%40.99%15.96% -18%
Revenue CAGR 5Y14.31%16.02%17.42%37.98%17.42% -18%
Net Income CAGR 3Y49.66%14.79%16.91%3.09%14.79% +236%
Revenue YoY (latest Q)40.29%6.69%7.09%22.27%7.09% +468%
Net Income YoY (latest Q)182.70%15.51%-85.61%-5.89%-5.89% +3202%
Profitability
EBITDA Margin6.93%10.20%9.60%18.06%10.20% -32%
Net Income Margin4.74%6.63%6.74%18.91%6.74% -30%
Return on Common Equity6.12%12.51%12.91%33.43%12.91% -53%
Return on Capital Employed4.62%11.32%10.97%25.31%11.32% -59%
Return on Assets2.10%4.19%5.42%16.77%5.42% -61%
Credit & Quality
Total Debt/Equity0.31×0.95×0.41×0.03×0.41× -24%
Interest Coverage2.68×8.70×5.89×5.85×5.89× -54%
Scale — latest FY
Revenue / Total Income₹33,782 Cr₹2.86L Cr₹10,694 Cr₹16,732 Cr₹16,732 Cr +102%
Net Income₹1,600 Cr₹18,954 Cr₹720 Cr₹3,163 Cr₹3,163 Cr -49%
Total Assets₹76,186 Cr₹4.53L Cr₹13,282 Cr₹18,869 Cr₹18,869 Cr +304%
EPS₹4.6₹116.93₹63.95₹2.31₹63.95 -93%
Book Value per Share₹75.09₹934.33₹495.27₹6.9₹495.27 -85%
◆ best value in the comp set per metric · Δ = subject vs median of the other companies.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
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 agreementXBRL cross-verified ✓ 95%.