NSE ScannerElectrical Equipment & Cables · Electrical Products · NSE: BHEL · data 2026-11-01
Bharat Heavy Electricals Limited
In plain words
Price: 16.5% below its 52-week high of ₹464.
Delivery: 40.4% of traded shares were kept for delivery over the last 10 sessions, against 40.9% over the last 60.
Latest results: a net profit of ₹821 cr for the quarter ended Sept 2026 (+119.0% on the same quarter a year earlier).
A description of the data, not a recommendation.
Key figures
Growth
| Revenue (last 12 months) | ₹37,782 cr |
| Net profit (last 12 months) | ₹2,879 cr |
| Sales growth, 3 years (yearly) | 13.2% |
| Profit growth, 3 years (yearly) | 34.7% |
At a glance
Promoters 58.2% (-5.0 pts in a year), pledged 0.0%, institutions 31.8%.
P/E 46.9, P/B 5.0, dividend yield 0.4%. Price relative to earnings and book value (low is cheaper, not better).
ROE 6.3%, ROCE 3.0%, operating margin 9.3%: how much profit it earns on the money it uses.
Debt/equity 0.31, Profit growth 34.7% and sales growth 13.2% a year over 3 years.
Ratings use fixed thresholds on the latest reported figures. They describe the numbers and are not a recommendation.
Strengths and limitations
- Profit grew 34.7% a year over 3 years.
- Low return on equity (6.3%).
- Promoters cut their holding by 5.0 points in a year.
Picked automatically from the latest reported figures with fixed rules; check the company's filings before relying on them.
Latest results in brief (Q2 FY27)
BHEL Q2 FY27 results (consolidated figures, as filed on NSE).
Revenue was ₹9,300.35 crore, up 23.8% YoY and up 20.8% QoQ.
Net profit was ₹820.94 crore, up 119% YoY and up 117.9% QoQ.
Operating margin was 11% (7.7% a year ago).
EPS was ₹2.36, up 118.5% YoY and up 118.5% QoQ.
BHEL के Q2 FY27 नतीजे (कंसोलिडेटेड आंकड़े, NSE पर दाखिल)।
राजस्व: ₹9,300.35 करोड़; पिछले साल की तुलना में 23.8% की बढ़त, पिछली तिमाही की तुलना में 20.8% की बढ़त।
शुद्ध मुनाफ़ा: ₹820.94 करोड़; पिछले साल की तुलना में 119% की बढ़त, पिछली तिमाही की तुलना में 117.9% की बढ़त।
ऑपरेटिंग मार्जिन: 11% (एक साल पहले 7.7%)।
EPS: ₹2.36; पिछले साल की तुलना में 118.5% की बढ़त, पिछली तिमाही की तुलना में 118.5% की बढ़त।
BHELના Q2 FY27 પરિણામો (કન્સોલિડેટેડ આંકડા, NSE પર ફાઇલ કરેલા).
આવક (રેવન્યુ): ₹9,300.35 કરોડ; ગયા વર્ષની સરખામણીએ 23.8% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 20.8% વધારો.
ચોખ્ખો નફો: ₹820.94 કરોડ; ગયા વર્ષની સરખામણીએ 119% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 117.9% વધારો.
ઓપરેટિંગ માર્જિન: 11% (એક વર્ષ પહેલાં 7.7%).
EPS: ₹2.36; ગયા વર્ષની સરખામણીએ 118.5% વધારો, ગયા ક્વાર્ટરની સરખામણીએ 118.5% વધારો.
Written from the filed numbers. Not a recommendation.
Smart-money activity
27/100 · Neutral over the last ~60 sessions, data 2026-10-30
- Delivery vs usual 9/30: Delivery 37.2% over the last 20 sessions vs 41.5% in the 40 before (0.9x); shares delivered per day 1.71x usual; 0 delivery-spike days (3x usual shares delivered, 40%+ delivery) in the last 20 sessions.
- Bulk/block deals 0/20: No bulk or block deals in the last 90 days.
- Insider / SAST buys 0/15: No insider buy or SAST acquisition filings in the last 90 days. Insider sells are not collected by the site, so only buy filings count.
- Mutual fund holding 13/15: 47 schemes hold it, about ₹6,178 cr in all (as of 2026-09-30). Latest monthly portfolios only (top 60 holdings per scheme); month-on-month change is not stored.
- Accumulation evidence 0/15: No accumulation evidence row (only saved-scan stocks have one; 0 points).
- Promoter pledges 5/5: No promoter pledge filings in 90 days.
A description of recorded activity (delivery, deals, insider buys, fund holding, pledges), not a recommendation. Today's most active stocks.
Story so far
● Dividend ● Results
- 17 Jul 26Dividend Dividend ₹1.4 (ex-date) -4.1% next session
- 19 Jan 26Results Q3 FY26 results: net profit ₹390.4 cr -5.7% next session
- 1 Aug 25Dividend Dividend ₹0.5 (ex-date) +1.2% next session
From official exchange filings and NSE data. How the price moved after an event describes the past, not what comes next.
Quarterly results (consolidated)
| Quarter | Revenue | Net profit | Profit YoY | Op. margin | EPS ₹ |
|---|---|---|---|---|---|
| Sept 2026 | ₹9,300 cr | ₹821 cr | +119.0% | 11.0% | 2.36 |
| Jun 2026 | ₹7,698 cr | ₹377 cr | — | 6.5% | 1.08 |
| Mar 2026 | ₹12,310 cr | ₹1,290 cr | +155.8% | 14.2% | 3.71 |
| Dec 2025 | ₹8,473 cr | ₹390 cr | +189.8% | 6.4% | 1.12 |
Shareholding trend
| Holder | Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 |
|---|---|---|---|---|
| Promoters | 58.17% | 58.17% | 58.17% | 63.17% |
| Foreign institutions (FII) | 9.94% | 9.51% | 7.23% | 6.29% |
| Domestic institutions (DII) | 21.88% | 22.44% | 23.98% | 19.70% |
| Mutual funds | 11.21% | 11.40% | 12.88% | 8.84% |
| Retail investors | 7.85% | 7.93% | 8.93% | 9.21% |
| Number of shareholders | 16,04,120 | 16,28,020 | 17,55,262 | 17,91,831 |
Common questions
What was Bharat Heavy Electricals Limited's latest quarterly profit?
Bharat Heavy Electricals Limited reported a net profit of ₹821 cr for the quarter ended Sept 2026 (+119.0% on the same quarter a year earlier), on revenue of ₹9,300 cr.
How much do promoters hold in Bharat Heavy Electricals Limited?
Promoters held 58.17% of Bharat Heavy Electricals Limited at the end of Sept 2026, with 0.00% of promoter shares pledged.
Is Bharat Heavy Electricals Limited debt-free?
Its latest reported debt-to-equity ratio is 0.31.
What is Bharat Heavy Electricals Limited's P/E ratio?
About 46.9, based on the last 12 months' earnings and a price of ₹387.6 (data 2026-11-01).
What is the 52-week high and low of Bharat Heavy Electricals Limited?
The 52-week high is ₹464 and the 52-week low is ₹239.17.
Mutual funds holding Bharat Heavy Electricals Limited
From the monthly portfolios of the fund houses the site reads, as of 2026-09-30. 47 schemes holding about ₹6,178 cr; funds that hold it outside their top holdings may not be listed.
| Scheme | Fund house | % of fund | Value |
|---|---|---|---|
| NIPPON INDIA SMALL CAP FUND | Nippon India Mutual Fund | 1.77% | ₹1,432 cr |
| Nippon India Growth Mid Cap Fund | Nippon India Mutual Fund | 1.41% | ₹708 cr |
| SBI Midcap Fund | SBI Mutual Fund | 2.68% | ₹624 cr |
| ADITYA BIRLA SUN LIFE PSU EQUITY FUND | Aditya Birla Sun Life Mutual Fund | 6.69% | ₹386 cr |
| Mirae Asset Midcap Fund | Mirae Asset Mutual Fund | 1.68% | ₹328 cr |
| SBI PSU Fund | SBI Mutual Fund | 4.25% | ₹270 cr |
| Nippon India Focused Fund | Nippon India Mutual Fund | 3.34% | ₹270 cr |
| NIPPON INDIA POWER & INFRA FUND | Nippon India Mutual Fund | 3.38% | ₹266 cr |
| NIPPON INDIA VALUE FUND | Nippon India Mutual Fund | 2.50% | ₹212 cr |
| SBI Infrastructure Fund | SBI Mutual Fund | 3.54% | ₹166 cr |
| ADITYA BIRLA SUN LIFE VALUE FUND | Aditya Birla Sun Life Mutual Fund | 2.32% | ₹155 cr |
| Nippon India Flexi Cap Fund | Nippon India Mutual Fund | 1.58% | ₹146 cr |
| Nippon India Vision Large & Mid Cap Fund | Nippon India Mutual Fund | 1.85% | ₹137 cr |
| ADITYA BIRLA SUN LIFE MULTI-CAP FUND | Aditya Birla Sun Life Mutual Fund | 1.43% | ₹104 cr |
| Nippon India Balanced Advantage Fund | Nippon India Mutual Fund | 0.65% | ₹62 cr |
Compared with similar companies
| Company | Price | Market cap | P/E | P/B | ROE | ROCE | Debt/eq. | 1-yr return |
|---|---|---|---|---|---|---|---|---|
| Bharat Heavy Electricals Limited | ₹387.6 | ₹1,34,878 cr | 46.9 | 5 | 6.3% | 3% | 0.31 | +52.6% |
| ABB India Limited | ₹6,413 | ₹1,35,685 cr | 45.5 | 14.6 | 22.4% | 26.1% | 0.01 | +21.1% |
| CG Power & Industrial Solutions Ltd | ₹804 | ₹1,26,660 cr | 92.1 | 14.5 | 20.4% | 22.7% | 0.01 | +6.6% |
| Polycab India Ltd. | ₹7,787 | ₹1,17,551 cr | 37.2 | 9 | 24.5% | 32.3% | 0.37 | +0.7% |
| Siemens Limited | ₹3,303 | ₹1,16,986 cr | 35.9 | — | 10.4% | 9.6% | 0.02 | +4.4% |
| GE Vernova T&D India Limited | ₹4,020 | ₹1,02,969 cr | 71.6 | 31.2 | 55.3% | 73.9% | 0.01 | +30.6% |
Compare BHEL with ABB in detail →
The full analysis has the price chart, every quarterly result with YoY/QoQ growth, the balance sheet and cash flow with an accounting red-flag check, shareholding quarter by quarter with big investors, news, filings and bulk/block deals.
Open BHEL in NSE Scanner →