In ₹ Crore except Per Share Latest Annual	BHEL FY26	LT FY26	THERMAX FY26	SUZLON FY26	Peer Average
Valuation — at last close
P/E	87.38×	32.82×	49.93×	◆ 15.93×	32.89× +166%
P/B	5.35×	◆ 4.83×	6.48×	5.33×	5.55× -4%
EV/EBITDA	58.19×	20.18×	34.90×	◆ 16.31×	23.80× +144%
Market Cap	₹1.40L Cr	₹5.28L Cr	₹35,970 Cr	₹50,494 Cr	₹2.05L Cr -32%
Growth
Revenue CAGR 3Y	13.08%	15.96%	9.75%	◆ 40.99%	22.23% -41%
Revenue CAGR 5Y	14.31%	16.02%	17.42%	◆ 37.98%	23.81% -40%
Net Income CAGR 3Y	◆ 49.66%	14.79%	16.91%	3.09%	11.60% +328%
Revenue YoY (latest Q)	23.81%	15.84%	7.09%	◆ 25.96%	16.30% +46%
Net Income YoY (latest Q)	◆ 118.98%	27.17%	-85.61%	-69.19%	-42.54% +380%
Profitability
EBITDA Margin	6.93%	10.20%	9.60%	◆ 18.06%	12.62% -45%
Net Income Margin	4.74%	6.63%	6.74%	◆ 18.91%	10.76% -56%
Return on Common Equity	6.29%	15.54%	13.74%	◆ 40.64%	23.31% -73%
Return on Capital Employed	4.84%	12.50%	11.81%	◆ 30.51%	18.27% -74%
Return on Assets	2.22%	4.56%	5.69%	◆ 19.88%	10.04% -78%
Credit & Quality
Total Debt/Equity	0.31×	0.95×	0.41×	◆ 0.03×	0.46× -33%
Interest Coverage	2.68×	◆ 8.70×	5.89×	5.85×	6.81× -61%
Scale — latest FY
Revenue / Total Income	₹33,782 Cr	₹2.86L Cr	₹10,694 Cr	₹16,732 Cr	₹1.04L Cr -68%
Net Income	₹1,600 Cr	₹18,954 Cr	₹720 Cr	₹3,163 Cr	₹7,613 Cr -79%
Total Assets	₹76,186 Cr	₹4.53L Cr	₹13,282 Cr	₹18,869 Cr	₹1.62L Cr -53%
EPS	₹4.6	₹116.93	₹63.95	₹2.31	₹61.06 -92%
Book Value per Share	₹75.09	₹794.46	₹492.67	₹6.9	₹431.34 -83%

◆ best value in the comp set per metric · Δ = subject vs average 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 agreement — XBRL cross-verified ✓ 95%.