Bharat Heavy Electricals

NSE: BHEL · Capital Goods · PSU

₹259.51

▼ -0.19%

HOLD

Illustrative research · not investment advice Demo price · quote unavailable · Fundamentals and research: sample dataset (30 Oct 2026)

Price chart

Illustrative price history · not actual market candles

A. Company overview

Power and industrial equipment PSU.

Market cap

₹21,31,417 Cr

Industry / Sector

Capital Goods

Segments

Website

Visit ↗

PowerIndustryTransportation

B. Fundamental analysis (illustrative)

Revenue growth

+13.92%

Net profit growth

+18.64%

Operating margin

17.44%

EBITDA margin

21.47%

ROE

11.01%

ROCE

14.23%

Debt / Equity

1.31

EPS

₹33.97

Operating cash flow

₹60,529 Cr

Working capital

₹31,328 Cr

5-year revenue & profit (₹ Cr)

C. Financial statements (illustrative)

₹ Cr	FY22	FY23	FY24	FY25	FY26
Revenue	2,80,129	2,90,829	3,27,681	3,77,043	3,91,606
EBITDA	55,413	60,557	70,969	87,548	84,080
Net profit	34,633	37,848	44,356	54,718	52,550
EPS (₹)	23.78	26.5	29.21	31.93	34.65

D. Valuation analysis

P/E

7.64

P/B

5.2

EV/EBITDA

17.2

Price/Sales

9.69

EPS

₹33.97

Dividend yield

3.17%

Peer comparison — Capital Goods

Company	CMP	P/E	P/B	ROE	D/E
Bharat Heavy Electricals	259.51	7.64	5.2	11.01%	1.31
Siemens India	3,183.04	20.32	10.99	21.53%	1

E. Technical analysis

RSI (14)

56.77

MACD

2.61

Support

₹246.53

Resistance

₹275.08

Volume

1,05,38,962

Illustrative technical charts · not actual market history

Candlestick (last 50 sessions)

Price with 50-DMA & 200-DMA, volume

Fibonacci retracement levels

23.6% · ₹259.66

38.2% · ₹254.47

50.0% · ₹250.28

61.8% · ₹246.08

F. Shareholding pattern

Promoter (Government)63.17%

FII11.99%

DII13.46%

of which Mutual Funds9.27%

Public11.38%

G. SWOT analysis

Strengths

Established position in Capital Goods
ROE of 11.01% in demo data

Weaknesses

Elevated leverage
Cyclical exposure

Opportunities

Domestic demand growth
Expansion in Power

Threats

Regulatory changes
Competitive intensity

Illustrative template points for demonstration.

H. Research conclusion

Financial strength

Moderate leverage to monitor

Business quality

Average capital efficiency

Valuation

Reasonable valuation

Growth

Sales growth of 13.92%

Risk assessment

Medium risk

Overall

Illustrative HOLD opinion · target ₹257.54 · stop loss ₹233.12

I. Corporate actions

Dividend history (₹/share)

Year	Dividend
FY22	6.58
FY23	7.08
FY24	7.57
FY25	8.06
FY26	8.56

Bonus, splits & announcements

Bonus history: none in demo dataset
Stock split history: none in demo dataset
Board meeting for quarterly results — demo announcement