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Bharat Heavy Electricals Limited (BHEL) — share price, P/E and fundamentals
Bharat Heavy Electricals Limited (NSE: BHEL) closed at ₹387.60 on 30 Oct 2026, +66.6% over one year, against a 52-week range of ₹229.54 – ₹464.00.
In the quarter ended 30 Sept 2026 (consolidated, filed 14 Oct 2026) it reported revenue of ₹9,300 cr and net profit of ₹821 cr, a 8.8% net margin; revenue grew 23.8% and profit grew 120.8% year on year.
On four consecutive filed quarters its trailing P/E is 46.9; since 16 May 2025 its own P/E has ranged from 46.2 to 198.4 (median 128.6), and today's reading is higher than 0% of those 360 trading days.
From the balance sheet dated 30 Sept 2026: return on equity 12.3%, ROCE 10.3%, debt-to-equity 0.22, Piotroski F-score 9 of 9.
Against 120 Capital Goods peers on NSE: Net margin higher than 46% of 117 sector peers; PBT margin higher than 44% of 119 sector peers; ROE higher than 37% of 113 sector peers.
Key figures
| Last close | ₹387.60 (30 Oct 2026) |
|---|---|
| Change 1 month / 6 months / 1 year | -6.7% / +14.9% / +66.6% |
| 52-week low – high | ₹229.54 – ₹464.00 |
| Market capitalisation | ₹1,34,964 cr |
| Trailing P/E | 46.9 |
| Price / book | 5.04 |
| EV / EBITDA | 29.6 |
| Earnings yield | 2.1% |
| TTM EPS | ₹8.27 |
| TTM net profit | ₹2,879 cr |
| Quarter revenue | ₹9,300 cr |
| Quarter net profit | ₹821 cr |
| Net margin | 8.8% |
| Revenue growth (YoY) | +23.8% |
| Profit growth (YoY) | +120.8% |
| Return on equity | 12.3% |
| ROCE | 10.3% |
| Debt / equity | 0.22 |
| Current ratio | 1.67 |
| Free cash flow | ₹1,821 cr |
| Piotroski F-score | 9 / 9 |
| Average daily turnover (50 days) | ₹310.0 cr |
Against Capital Goods peers
| Metric | BHEL | Peer median | Percentile |
|---|---|---|---|
| Net margin | 8.83 | 10.04 | 46 |
| PBT margin | 11.51 | 13.22 | 45 |
| ROE | 12.27 | 14.77 | 37 |
| ROCE | 10.26 | 18.52 | 22 |
| Debt / equity | 0.22 | 0.09 | 72 |
| FCF margin | 10.71 | -0.88 | 83 |
| Cash conversion | 1.59 | 0.71 | 80 |
| Trailing P/E | 46.89 | 42.46 | 61 |
Questions
What is the P/E ratio of Bharat Heavy Electricals Limited?
Bharat Heavy Electricals Limited's trailing P/E is 46.9, using the close of 30 Oct 2026 and earnings over the four filed quarters to 30 Sept 2026. Since 16 May 2025 its P/E has ranged 46.2–198.4.
What were Bharat Heavy Electricals Limited's latest quarterly results?
For the quarter ended 30 Sept 2026, Bharat Heavy Electricals Limited reported revenue of ₹9,300 cr and net profit of ₹821 cr (consolidated), filed with the exchange on 14 Oct 2026.
What is Bharat Heavy Electricals Limited's ROE?
Return on equity is 12.3% based on the balance sheet dated 30 Sept 2026.
Does Bharat Heavy Electricals Limited have debt?
Debt-to-equity is 0.22 on the balance sheet dated 30 Sept 2026.
What is BHEL's 52-week high and low?
Over the last 52 weeks to 30 Oct 2026, BHEL traded between ₹229.54 and ₹464.00.
Other Capital Goods stocks
- CMR Green Technologies Limited (CMRGREEN)
- Hindustan Aeronautics Limited (HAL)
- Bharat Electronics Limited (BEL)
- Tata Motors Limited (TMCV)
- ABB India Limited (ABB)
- CG Power and Industrial Solutions Limited (CGPOWER)
- Cummins India Limited (CUMMINSIND)
- Hitachi Energy India Limited (POWERINDIA)
- Polycab India Limited (POLYCAB)
- GE Vernova T&D India Limited (GVT&D)
- Siemens Energy India Limited (ENRIN)
- Ashok Leyland Limited (ASHOKLEY)
Source: consolidated SEBI Integrated Filing for the quarter ended 30 Sept 2026 and NSE daily closes. Open the interactive terminal view for charts and the full statements.
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