Market closed · data as of 27 Aug 2026 · source NSE via Alphave. Open the live chart →
BHEL is India's largest power-generation equipment manufacturer, supplying boilers, turbines and generators for thermal (coal), gas, hydro and nuclear plants, along with transmission equipment, transportation products (locomotive propulsion, Vande Bharat consortium), and defence items. Its fortunes revived with the return of coal-fired capacity ordering under the government's thermal expansion push, giving it a record order book, though execution margins on legacy EPC projects remain the key watch item. It is a Maharatna PSU with the government as majority owner.
India's dominant manufacturer of thermal power plant equipment with the majority share of installed coal-based capacity.
Bharat Heavy Electricals Ltd. is a constituent of NIFTY 200, NIFTY 500, NIFTY ENERGY, NIFTY MIDCAP 100, NIFTY MIDCAP 150, NIFTY MIDCAP 50, NIFTY MIDCAP SELECT. See where it sits on the market heatmap →
Consolidated annual figures taken from Bharat Heavy Electricals Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 4.60 | 1.53 | 0.81 |
| Book value / share (₹) | 75.09 | 71.00 | 70.18 |
| Return on equity | 6.1% | 2.2% | 1.1% |
| Return on capital employed | 4.6% | 2.4% | 1.1% |
| Operating margin | 6.0% | 3.4% | 1.5% |
| Net margin | 4.7% | 1.9% | 1.2% |
| EBITDA | ₹2,342 Cr | ₹1,242 Cr | ₹613 Cr |
| Free cash flow | ₹5,248 Cr | ₹1,910 Cr | ₹-3,945 Cr |
| Total debt | ₹8,187 Cr | ₹9,015 Cr | ₹8,856 Cr |
| Debt to equity | 0.31 | 0.36 | 0.36 |
| Interest coverage | 2.7 | 1.3 | 0.5 |
| Current ratio | 1.59 | 1.51 | 1.36 |
| Shares outstanding | 3,48,20,50,000 | 3,48,20,50,000 | 3,48,20,50,000 |
Open the full income statement, balance sheet and cash flow for BHEL →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
Companies Alphave classifies in the same sub-sector, closest by market capitalisation.