Bharat Heavy Electricals Ltd (BHEL) — shareholding pattern, promoter holding, financials and share price
About Bharat Heavy Electricals Ltd (BHEL)
Bharat Heavy Electricals Ltd operates in the Heavy Electrical Equipment industry, within the Capital Goods sector. It trades on the NSE as BHEL and on the BSE under scrip code 500103. Its ISIN is INE257A01026.
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]
Bharat Heavy Electricals Limited (BHEL) is a leading integrated power plant equipment manufacturer in India, involved in numerous sectors including power, transmission, and transportation.
BHEL has achieved significant growth in revenue and profitability in Q2 FY2025-26, with revenue increasing to Rs 7,512 crores from Rs 6,584 crores in the prior year, reflecting an enhancing financial trajectory.
Listed peers in Heavy Electrical Equipment: Hitachi Energy India Ltd, ABB India Ltd, CG Power & Industrial Solutions Ltd, Siemens Energy India Ltd, Siemens Ltd, GE Vernova T&D India Ltd.
Valuation & Returns
10 Jul 2026At ₹395.3 a share on 10 Jul 2026, Bharat Heavy Electricals Ltd (BHEL) was valued at a price-to-earnings ratio of 86.01x against an industry P/E of 52.37x and a price-to-book of 5.26x on a book value of ₹75.09 per share as of Mar 2026. Solomo computes return on equity of 6.12% and return on capital employed of 8.43% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 86.01x
- Industry P/E
- 52.37x
- P/B
- 5.26x
- EPS (TTM)
- ₹4.6
- Book value / share
- ₹75.09
- ROE
- 6.12%
- ROCE
- 8.43%
- ROA
- 2.1%
- Debt / equity
- 0.31x
- Dividend yield
- 0.35%
- EBITDA margin
- 9.5%
- 52-week range
- ₹205.2 – ₹424.85
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Bharat Heavy Electricals Ltd (BHEL) reported revenue of ₹33,782 crore, net profit of ₹1,600 crore and earnings per share of ₹4.6. That compares with revenue of ₹28,339 crore and net profit of ₹534 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Jun 2026, revenue was ₹7,698 crore and net profit ₹377 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 21,211 | 23,365 | 23,893 | 28,339 | 33,782 |
| Net profit (₹ cr) | 445 | 654 | 282 | 534 | 1,600 |
| EPS (₹) | 1.28 | 1.88 | 0.81 | 1.53 | 4.6 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 1.44% | 14.31% | 13.08% | 19.21% |
| Profit growth | 13.73% | - | 36.22% | 199.73% |
| Stock price CAGR | 17% | 46% | 67% | 71% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 58.17% of Bharat Heavy Electricals Ltd (BHEL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 9.51% and domestic institutional investors (DII) hold 22.44%. Market capitalisation was ₹1,37,646 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: LIFE INSURANCE CORPORATION OF INDIA 6.01%, NIPPON LIFE INDIA TRUSTEE LTD. 2.49%, NPS TRUST 1.62%, SBI MUTUAL FUND 1.32%, AXIS MUTUAL FUND TRUSTEE LTD. 1.07%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 58.17% | - | 9.51% | 22.44% | 41.83% |
| Mar 2026 | 58.17% | - | 7.23% | 23.98% | 41.83% |
| Dec 2025 | 63.17% | - | 6.29% | 19.7% | 36.83% |
| Sep 2025 | 63.17% | - | 6.23% | 18.62% | 36.83% |
| Jun 2025 | 63.17% | - | 6.36% | 18.45% | 36.83% |
| Mar 2025 | 63.17% | - | 7.19% | 16.35% | 36.83% |
| Dec 2024 | 63.17% | - | 7.98% | 15.49% | 36.83% |
| Sep 2024 | 63.17% | - | 9.49% | 14.69% | 36.83% |