Bharat Heavy Electricals share price
NSE: BHELBSE: 500103Electrical EquipmentLarge Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹398.90.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,34,930 Cr98th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Oct 2026
- 46.9
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 14 Oct 2026
- 5.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.36%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Oct 2026
- 11.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Oct 2026
- 10.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 14 Oct 2026
- 0.23
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,45,64,34737.0% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 14 Oct
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹9,300 Crup 20.82%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹821 Crup 117.92%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 8.8%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Dec 2024Filed 28 Jan | Mar 2025Filed 10 Jun | Jun 2025Filed 6 Aug | Sep 2025Filed 29 Oct | Dec 2025Filed 19 Jan | Mar 2026Filed 4 May | Jun 2026Filed 16 Jul | Sep 2026Filed 14 Oct |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,277 | 8,993 | 5,487 | 7,512 | 8,473 | 12,310 | 7,698 | 9,300 |
| Net profit | 135 | 504 | −456 | 375 | 390 | 1,290 | 377 | 821 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 1.9% | 5.6% | −8.3% | 5.0% | 4.6% | 10.5% | 4.9% | 8.8% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- PowerPower, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹25,407 Crup 21.35%75.2%
- IndustryIndustry, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹8,375 Crup 13.15%24.8%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 46% of 1,734 trading days since Feb 2017.
At or below today's level on 94% of 1,860 trading days since Oct 2018.
At or below today's level on 23% of 1,049 trading days over the last 5 years.
At or below today's level on 55% of 2,480 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +14.0% | +200.7% | −62.3% | 0.6% |
| 3 years | +52.2% | +49.7% | +1.4% | 0.3% |
| 5 years | +38.6% | – | – | 0.5% |
Mutual funds holding it
323 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 140 of the 166 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 6
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 86
- CutCut. Funds that held fewer shares than at the end of the month before.
- 80
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 148
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 9
| Fund | |||
|---|---|---|---|
 Nippon India Small Cap FundNippon India Mutual Fund | 3,45,08,595 | 1.77% | ₹1,433.8 Cr |
| Nippon India Growth Mid Cap FundNippon India Mutual Fund | 1,70,00,000 | 1.41% | ₹706.4 Cr |
 Axis Midcap FundAxis Mutual Fund | 1,56,36,754 | 1.94% | ₹649.7 Cr |
 SBI Midcap FundSBI Mutual Fund | 1,50,00,000 | 2.68% | ₹623.3 Cr |
 quant ELSS Tax Saver Fundquant Mutual Fund | 1,17,69,845 | 3.73% | ₹489.0 Cr |
 ICICI Prudential Arbitrage FundICICI Prudential Mutual Fund | 1,15,63,125 | 1.35% | ₹480.4 Cr |
 Aditya Birla Sun Life PSU Equity FundAditya Birla Sun Life Mutual Fund | 92,96,301 | 6.69% | ₹386.3 Cr |
| quant Mid Cap Fundquant Mutual Fund | 92,71,500 | 5.03% | ₹385.2 Cr |
| SBI Arbitrage FundSBI Mutual Fund | 80,37,750 | 0.72% | ₹334.0 Cr |
 Mirae Asset Midcap FundMirae Asset Mutual Fund | 78,99,475 | 1.68% | ₹328.2 Cr |
Peers and competitors
Heavy Electrical Equipment, 48 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Bharat Heavy Electricals in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 ABB IndiaABB | 1,30,112 | 43.5 | 13.9 | 64.5 | – | – | 36.1% | 18.7% | 1.95% |
 CG Power and Industrial SolutionsCGPOWER | 1,28,141 | 102.7 | 16.1 | 77.6 | +21.4% | +25.0% | 21.1% | 17.5% | 0.16% |
 Hitachi Energy IndiaPOWERINDIA | 1,17,225 | 101.9 | 22.6 | 79.0 | +40.2% | +127.7% | 24.5% | 25.4% | 0.03% |
 SiemensSIEMENS | 1,15,568 | 35.3 | 8.4 | 57.5 | −1.7% | +33.7% | 25.0% | 11.7% | 0.55% |
 GE Vernova T&D IndiaGVT&D | 94,737 | 72.6 | 35.2 | 53.1 | +43.9% | +70.6% | 58.5% | 63.5% | 0.27% |
 Siemens Energy IndiaENRIN | 94,489 | 63.5 | 19.6 | 45.1 | – | – | 34.3% | 39.2% | 0.15% |
 Suzlon EnergySUZLON | 51,411 | 16.4 | 5.4 | 16.7 | +45.2% | +50.2% | 40.4% | 27.4% | 0.00% |
 ThermaxTHERMAX | 36,891 | 62.2 | 6.6 | 43.7 | +4.7% | −11.6% | 11.3% | 8.3% | 0.65% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 17 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.40 |
| 1 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.50 |
| 9 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.25 |
| 11 Aug 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.40 |
| 15 Sep 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.40 |
| 11 Sep 2019 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹1.20 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
14 Oct · General Updates
Sep 2026
25 Sep · Management
Bharat Heavy Electricals share price by year
Each calendar year to 2025.Bharat Heavy Electricals share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 287.45 | +25.3% | 291.00 | 179.17 |
| 2024 | 229.40 | +18.5% | 332.70 | 194.40 |
| 2023 | 193.55 | +144.4% | 193.55 | 67.10 |
| 2022 | 79.20 | +34.4% | 90.55 | 42.10 |
| 2021 | 58.95 | +64.2% | 77.00 | 35.70 |
| 2020 | 35.90 | −17.4% | 46.85 | 19.85 |
| 2019 | 43.45 | −40.6% | 77.70 | 41.85 |
| 2018 | 73.10 | −21.0% | 104.55 | 62.95 |
| 2017 | 92.50 | +14.5% | 119.40 | 81.67 |
| 2016 | 80.80 | −28.3% | 113.93 | 60.57 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 398.70 | 398.70 | 377.70 | 387.50 | 382.71 | 1,45,64,347 | 37.0% |
| 22 Oct 2026 | 409.80 | 412.65 | 396.80 | 398.90 | 404.06 | 1,48,42,395 | 46.9% |
| 21 Oct 2026 | 430.00 | 430.55 | 409.05 | 410.20 | 416.71 | 1,31,54,078 | 47.3% |
| 19 Oct 2026 | 435.00 | 436.30 | 425.55 | 427.35 | 432.44 | 86,39,491 | 40.4% |
| 16 Oct 2026 | 435.95 | 439.50 | 431.50 | 434.60 | 434.98 | 1,16,80,175 | 36.2% |
| 15 Oct 2026 | 450.50 | 452.75 | 433.10 | 434.25 | 442.64 | 2,41,13,681 | 31.0% |
| 14 Oct 2026 | 445.00 | 464.00 | 439.15 | 464.00 | 453.92 | 3,74,60,371 | 25.9% |
| 13 Oct 2026 | 436.80 | 442.35 | 426.15 | 442.35 | 435.05 | 1,59,69,804 | 44.7% |
| 12 Oct 2026 | 435.20 | 441.20 | 433.10 | 439.90 | 437.96 | 84,03,722 | 37.8% |
| 9 Oct 2026 | 433.60 | 438.70 | 420.65 | 433.60 | 431.70 | 1,10,17,851 | 36.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Jun 2024 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 28 Sep 2017 | Bonus | 0.6667 | Holders received 1 bonus share for every 2 held. |
| 3 Oct 2011 | Split | 0.2000 | Each share became 5. |
| 31 May 2007 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
About Bharat Heavy Electricals
Bharat Heavy Electricals Limited (BHEL) designs, engineers, manufactures and supplies capital goods, and provides project execution and after-sales support. Its customers include government ministries, government-owned entities, state electricity boards, independent power producers and private companies. It serves the power, transportation, defence, aerospace, oil and gas, and process industries.
Its work covers power generation from thermal, hydro, gas, nuclear and solar plants. Its products include steam boilers, engines and turbines, transformers, electricity distribution and control apparatus and electric motors, and it constructs and maintains power plants. It has executed six major HVDC projects, which carry electricity over long distances as direct current, and has supplied 52 Super Rapid Gun Mount systems for Indian Navy and Indian Coast Guard ships.
The company is organised under a Power sector and an Industrial Systems and Products sector. The latter includes the transportation, defence and aerospace, transmission, and new and renewable energy business groups.
BHEL has 16 manufacturing units across India, among them the Heavy Electrical Equipment Plant, the High Pressure Boiler Plant and the Transformer Plant. It also has 2 repair units, 8 service centres, 15 regional marketing centres and 4 regional offices. It has a footprint in 94 countries and serves 28 states and 8 union territories in India. It has more than 27,200 employees.
It was incorporated in 1964 as a public sector undertaking. The Government of India holds 58.17% of its equity.
- Legal name
- Bharat Heavy Electricals Limited
- NSE symbol
- BHEL
- BSE code
- 500103
- ISIN
- INE257A01026
- Industry
- Electrical Equipment
- Listed
- Oct 1992 on BSE, Nov 2003 on NSE
- Face value
- ₹2
- CIN
- L74899DL1964GOI004281
- Corporate identity number, the registrar of companies' code for it