Bharat Heavy Electricals Ltd

About Bharat Heavy Electricals Ltd

Bharat Heavy Electricals Limited (BHEL) is an Indian public sector enterprise, a major engineering and manufacturing company. It designs, engineers, manufactures, constructs, tests, commissions, and services a comprehensive range of products and systems for the core sectors of the economy, predominantly power generation, transmission, and heavy industries.

Key Financial Ratios of Bharat Heavy Electricals Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Bharat Heavy Electricals Ltd's P/E ratio (TTM) is 91.17, compared to the industry median of 36.01 and large cap median of 101.48.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Bharat Heavy Electricals Ltd's P/B ratio is 5.50, compared to the industry median of 4.91 and large cap median of 13.61.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Bharat Heavy Electricals Ltd's P/S ratio is 4.70, compared to the industry median of 4.28 and large cap median of 8.61.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Bharat Heavy Electricals Ltd's PEG ratio is 0.23.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Bharat Heavy Electricals Ltd's EV/EBITDA ratio is 45.78.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Bharat Heavy Electricals Ltd's ROE is 6.12%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Bharat Heavy Electricals Ltd's ROA is 3.07%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Bharat Heavy Electricals Ltd's ROCE is 9%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Bharat Heavy Electricals Ltd's operating margin is 6.93%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Bharat Heavy Electricals Ltd's net margin is 4.74%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Bharat Heavy Electricals Ltd's current ratio is 1.45.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Bharat Heavy Electricals Ltd's debt-to-equity ratio is 0.01.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Bharat Heavy Electricals Ltd's interest coverage ratio is 3.83.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Bharat Heavy Electricals Ltd's DPS is ₹1.38.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Bharat Heavy Electricals Ltd's EPS is 200.65.

(Source line: "Ratios as of 21 Aug 2026, based on last traded price of ₹413. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1964

• Headquarters: New Delhi, Delhi

• Core Offerings: Power Generation Equipment, Power Transmission Systems, Industrial Products, Renewable Energy Solutions, Transportation Systems

• Stock Listing: NSE (BHEL), BSE (500103)

• Promoter: Government of India

History of Bharat Heavy Electricals Ltd

Founded in 1964, BHEL was established with the objective of creating a robust indigenous manufacturing base for the power sector. Over the decades, it diversified its operations into various industrial segments, playing a pivotal role in India's infrastructure development. Today, it stands as a global engineering and manufacturing enterprise, making significant contributions to the nation's energy security and industrial growth.

Business Segments and Revenue Mix

• Power Sector: Encompasses the design, engineering, manufacturing, erection, and commissioning of a wide range of equipment for thermal, hydro, nuclear, gas, and solar photovoltaic power plants, including boilers, turbines, generators, and associated auxiliaries. BHEL is a key contributor to India's installed power generation capacity.

• Industry Sector: Caters to diverse industrial segments, providing products like transformers, switchgear, industrial motors, railway transportation systems (e.g., electric locomotives, propulsion systems for metros), defence equipment, and oil & gas field equipment. This segment leverages BHEL's engineering capabilities across various heavy industries.

Key Personnel

Dr. Nalin Shinghal, Chairman & Managing Director. Dr. Shinghal assumed charge in July 2019, bringing extensive experience from leadership roles in other public sector undertakings like Central Electronics Limited (CEL). He holds a Ph.D. in Management from IIM Calcutta.

Subsidiaries and Associate Companies

• BHEL Electrical Machines Limited

• Bharat Heavy Plate and Vessels Limited

Corporate Actions

No major recent corporate actions on record.

References

1. Annual Report FY23
2. Exchange Filings (NSE/BSE)
3. Company Website
4. Financial Results Announcement