Bharat Heavy Electricals Ltd.
NSE: BHEL · Heavy Electrical Equipment
Snapshot
Unlock Bharat Heavy Electricals Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bharat Heavy Electricals Limited is a leading Indian engineering and manufacturing enterprise specialising in power generation, transmission, and industrial infrastructure. The company provides a comprehensive range of equipment and systems for thermal, nuclear, hydro, and solar power plants, alongside solutions for the transportation, defence, and aerospace sectors.
Business Model
BHEL operates through the design, engineering, manufacturing, and commissioning of heavy electrical equipment and industrial systems. It generates revenue by serving diverse sectors including power, oil and gas, transportation, and renewable energy through both domestic and international projects.
Growth Outlook
Growth is driven by the ongoing expansion of India's power infrastructure, increased focus on renewable energy integration, and diversification into e-mobility and energy storage systems. The company is also leveraging its engineering expertise to secure contracts in the defence and aerospace sectors.
Key Risks
- Project Execution Delays. Large-scale infrastructure projects are susceptible to delays in site readiness, regulatory approvals, and supply chain disruptions.
- Competitive Intensity. The company faces significant competition from both domestic players and international manufacturers offering advanced technology at competitive price points.
- Cyclicality of Power Sector. BHEL's financial performance is heavily dependent on the capital expenditure cycles of the power generation and industrial sectors.
- Technological Obsolescence. Rapid shifts towards green energy and digitisation require continuous investment in R&D to remain relevant against newer, more efficient technologies.
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Key Metrics
REVENUE
₹35,993 Cr
TTM · consolidated
NET PROFIT
₹2,432 Cr
TTM · consolidated
EPS
₹6.99
TTM · consolidated
RETURN ON EQUITY
9.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
9.3%
TTM · consolidated
P/E
61.7x
Q1 FY27 · consolidated
EV/EBITDA
37.1x
Q1 FY27 · consolidated
EBITDA MARGIN
11.8%
TTM · consolidated
NET PROFIT MARGIN
4.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.3x
Q1 FY27 · consolidated
Peers · Heavy Electrical Equipment
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Bharat Heavy Electricals Ltd.BHEL | ₹1.50L Cr | 61.67 | 37.05 | 27.0% | 11.8% | 9.6% | 9.3% | +104.2% |
ABB India Ltd.ABB | ₹1.57L Cr | 52.55 | 69.05 | — | 16.6% | 32.0% | 22.2% | +43.5% |
Siemens Ltd.SIEMENS | ₹1.42L Cr | 203.43 | 274.83 | -74.4% | 8.9% | 4.9% | 2.6% | +26.1% |
Hitachi Energy India Ltd.POWERINDIA | ₹1.41L Cr | 122.63 | 79.87 | 40.2% | 18.6% | 24.5% | 32.0% | +67.2% |
CG Power and Industrial Solutions Ltd.CGPOWER | ₹1.40L Cr | 112.08 | 72.15 | 21.4% | 15.1% | 21.0% | 26.6% | +20.4% |
Siemens Energy India Ltd.ENRIN | ₹1.11L Cr | 128.17 | 84.85 | — | 26.1% | 20.0% | 22.8% | -8.1% |
As of Q1 FY27
Financials
Bharat Heavy Electricals Ltd.
NSE: BHEL · Heavy Electrical Equipment
Snapshot
Unlock Bharat Heavy Electricals Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bharat Heavy Electricals Limited is a leading Indian engineering and manufacturing enterprise specialising in power generation, transmission, and industrial infrastructure. The company provides a comprehensive range of equipment and systems for thermal, nuclear, hydro, and solar power plants, alongside solutions for the transportation, defence, and aerospace sectors.
Business Model
BHEL operates through the design, engineering, manufacturing, and commissioning of heavy electrical equipment and industrial systems. It generates revenue by serving diverse sectors including power, oil and gas, transportation, and renewable energy through both domestic and international projects.
Growth Outlook
Growth is driven by the ongoing expansion of India's power infrastructure, increased focus on renewable energy integration, and diversification into e-mobility and energy storage systems. The company is also leveraging its engineering expertise to secure contracts in the defence and aerospace sectors.
Key Risks
- Project Execution Delays. Large-scale infrastructure projects are susceptible to delays in site readiness, regulatory approvals, and supply chain disruptions.
- Competitive Intensity. The company faces significant competition from both domestic players and international manufacturers offering advanced technology at competitive price points.
- Cyclicality of Power Sector. BHEL's financial performance is heavily dependent on the capital expenditure cycles of the power generation and industrial sectors.
- Technological Obsolescence. Rapid shifts towards green energy and digitisation require continuous investment in R&D to remain relevant against newer, more efficient technologies.
Start your research today
Unlock AI insights, financials, peers and live data on Bharat Heavy Electricals Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹35,993 Cr
TTM · consolidated
NET PROFIT
₹2,432 Cr
TTM · consolidated
EPS
₹6.99
TTM · consolidated
RETURN ON EQUITY
9.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
9.3%
TTM · consolidated
P/E
61.7x
Q1 FY27 · consolidated
EV/EBITDA
37.1x
Q1 FY27 · consolidated
EBITDA MARGIN
11.8%
TTM · consolidated
NET PROFIT MARGIN
4.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.3x
Q1 FY27 · consolidated
Peers · Heavy Electrical Equipment
As of Q1 FY27