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BHEL (BHEL) financials

BHEL (BHEL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence.[1]It is the flagship engineering and manufacturing comp…

  • Market Cap: ₹1,42,834Cr.
  • Current Price: ₹410
  • Stock P/E: 50.0
  • ROE: 6.05%
  • ROCE: 8.98%
  • Book Value: ₹77.9
  • Dividend Yield: 0.34%
  • 52W High / Low: ₹464/230

In Sep 2026, BHEL (BHEL) reported sales ₹9,300 Cr and net profit ₹810 Cr.

Annual TTM: sales ₹37,782 Cr, net profit ₹2,857 Cr.

Shareholding: Promoters 58.17% (Sep 2026), FIIs 9.94% (Sep 2026), DIIs 21.80% (Sep 2026), Government 0.07% (Sep 2026), Public 10.02% (Sep 2026).

BHEL quarterly results (₹ Cr.)
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales7,2778,9935,4877,5128,47312,3107,6989,300
Expenses6,9738,1626,0246,9317,92810,5577,1948,275
Operating Profit304832-5375815451,7535041,026
OPM %4.2%9%-10%8%6%14%7%11%
Other Income116159185182227252231260
Interest184201181195182198140125
Depreciation6885757578888283
Profit before tax169704-6074925121,7205131,078
Tax %26%28%-25%25%25%25%26%25%
Net Profit125504-4553683821,283382810
EPS in Rs0.361.45-1.311.061.103.681.102.33
Raw PDF————————
BHEL profit and loss (₹ Cr.)
CategoryMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales21,45917,30821,21123,36523,89328,33933,78237,782
Expenses21,58820,35120,38122,32123,18226,94031,21033,953
Operating Profit-129-3,0438301,0447111,3992,5723,828
OPM %-0.6%-18%3.9%4.5%3.0%4.9%8%10%
Other Income581370368515586503846970
Interest611466447612828906986645
Depreciation503473314260249272316331
Profit before tax-662-3,6124376862207252,1163,822
Tax %122%-25%6%9%-18%29%25%—
Net Profit-1,473-2,7174106242605131,5782,857
EPS in Rs-4.23-7.801.181.790.751.474.538.21
Dividend Payout %0%0%34%22%34%34%31%—
BHEL balance sheet (₹ Cr.)
CategoryMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital696696696696696696696696
Reserves28,48525,78826,27524,11624,15424,41725,82026,420
Borrowings5,0654,9354,8305,4548,8569,0158,1876,018
Other Liabilities26,53125,00125,65427,83226,48935,11742,55944,075
Total Liabilities60,77856,42157,45558,09860,19669,24577,26277,209
Fixed Assets2,8142,4882,3982,4762,5742,9472,9993,048
CWIP314420431354308195495459
Investments6706706706706686726771,167
Other Assets56,98052,84353,95654,59956,64665,43173,09272,536
Total Assets60,77856,42157,45558,09860,19669,24577,26277,209
BHEL cash flows (₹ Cr.)
CategoryMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-3,856-2,892560660-741-3,7132,1925,837
Cash from Investing Activity1,9151,877-43-1,1251,4801,331-2,731-3,035
Cash from Financing Activity-321,622-393-330892,656-857-1,806
Net Cash Flow-1,973607124-795829274-1,396996
Free Cash Flow-4,280-3,276312498-921-3,9361,9025,261
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-159%1,997%-25%30%-82%-554%151%227%
BHEL shareholding pattern (%)
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters63.17%63.17%63.17%63.17%63.17%58.17%58.17%58.17%
FIIs7.98%7.19%6.36%6.23%6.28%7.23%9.52%9.94%
DIIs15.49%16.34%18.45%18.62%19.70%23.93%22.35%21.80%
Government0.00%0.00%0.00%0.00%0.00%0.06%0.07%0.07%
Public13.36%13.29%12.02%11.98%10.85%10.63%9.88%10.02%
No. of Shareholders20,83,02621,20,56719,83,21519,61,66417,91,83117,55,26216,28,02016,04,120
BHEL key ratios
CategoryMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days142121855249737673
Inventory Days218321333274261253289309
Days Payable297300281291345270259231
Cash Conversion Cycle6314213735-3556106151
Working Capital Days10172431-5609986
ROCE %7%-0%-10%3%4%3%5%9%
BHELUpdated 22 Oct 2026, 5:12

Bhel

Market Cap

₹1,42,834Cr.

Current Price

₹410

High / Low

₹464/230

Stock P/E

50.0

ROE6.05%
ROCE8.98%
Book Value₹77.9
Face Value₹2.00
Dividend Yield0.34%

About

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence.[1]It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.[2]

Quarterly results

Last reported quarters₹ Cr.

Profit & loss

Annual statement₹ Cr.

Shareholding pattern

As of Sep 2026%

Shareholding trend

Ownership over time%

Balance sheet

Assets & liabilities₹ Cr.

Cash flows

Operating, investing & financing₹ Cr.

Key ratios

Historical financial ratios
CategoryMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days312321283178142121855249737673
Inventory Days280272200191218321333274261253289309
Days Payable240240225301297300281291345270259231
Cash Conversion Cycle351354258686314213735-3556106151
Working Capital Days19820916212110172431-5609986
ROCE %6%-2%3%6%7%-0%-10%3%4%3%5%9%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of BHEL (BHEL)?

The reported market capitalisation for BHEL (BHEL) is ₹1,42,834Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of BHEL?

The current price shown for BHEL (BHEL) on Fincrux is ₹410 with a 52-week high/low of ₹464/230.

What is the P/E ratio of BHEL (BHEL)?

The stock P/E for BHEL (BHEL) is 50.0 on Fincrux, with ROE at 6.05% and ROCE at 8.98%.

What were BHEL latest quarterly results?

For Sep 2026, BHEL (BHEL) reported sales ₹9,300 Cr and net profit ₹810 Cr (figures in ₹ crore unless noted).

What are BHEL annual sales and net profit?

For TTM, BHEL (BHEL) shows sales of ₹37,782 Cr and net profit of ₹2,857 Cr on the Fincrux profit & loss statement.

Who owns BHEL (BHEL)?

Latest shareholding for BHEL (BHEL) on Fincrux: Promoters 58.17% (Sep 2026), FIIs 9.94% (Sep 2026), DIIs 21.80% (Sep 2026), Government 0.07% (Sep 2026), Public 10.02% (Sep 2026).

Where can I find BHEL (BHEL) financials?

BHEL (BHEL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show BHEL balance sheet and cash flow?

Yes. The BHEL (BHEL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 5:12

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