Bharat Heavy Electricals

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA by 3 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 24% and profit rose 119% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters sellingThe promoters (founders or parent) own 58%, down from 63% in Sep 2025.
• ValuationCheap vs its pastThe share trades at 46.9 times its yearly earnings (P/E), cheaper than 77% of the time in the last 4 years. Its usual P/E is about 34.

Bharat Heavy Electricals against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)46.9 against a typical 30.4: pricier than most peers (1st = cheapest).33rd of 50
• Sales growth+23.8% against a typical +23.8% from a year earlier.21st of 41
• Profit growth+118.9% against a typical +24.6% from a year earlier.8th of 40
• Share price, 3 months−1.3% against a typical −8.5%.17th of 45
• Size₹ 1,34,755.9 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).1st of 47

Exchange filings and their impact on the company.

• 14 Oct 2026UpdatesLow impactPositivePrice +4.9% that day
  BHEL to invest Rs 500 cr to expand thermal and nuclear manufacturing at Haridwar.

  BHEL's board on 14 October 2026 approved a capital investment of about Rs 500 crore for additional facilities to manufacture thermal and nuclear sets at its HEEP-Haridwar unit. It also approved merging its Electrical Machines Repair Plant in Mumbai and Electronics Division in Bengaluru into a single unit under EDN from 1 November 2026. The capex is small versus BHEL's scale but adds strategic capacity for thermal and nuclear power demand.

  Full analysisFiling
• 14 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice +4.9% that day
  BHEL Q2 profit more than doubled on 24% revenue growth and sharp margin expansion.

  BHEL reported strong Q2 FY27 results with consolidated revenue of Rs 9300 crore, up 24% from last year, and net profit of Rs 821 crore, up 119%. H1 revenue grew 31% to Rs 16998 crore with profit of Rs 1198 crore versus a loss last year, led by Power and Industry segments. Lower finance costs, better margins and a Rs 2141 crore cut in borrowings point to a stronger earnings and balance sheet outlook.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Koppu Sadashiv Murthy

Chairman of the Board, Managing Director

Rajesh Kumar Dwivedi

Chief Financial Officer, Whole Time (Functional) Director, Director - Finance

Yogesh R. Chhabra

Compliance Officer, Company Secretary

Heeralal Bharani

General Manager - (Corp HSE), Noida

Sanjay Guha

General Manager & Head (PMG), PS-BG I, Noida

Ajay Kumar

General Manager, Head (PEM & CPC), Noida

Asim Mishra

General Manager - Power Sector Head Quarter, New Delhi

Dipesh Palit

General Manager and Head (PS-TS), Noida