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BHEL

BHEL Share Price

Live price, chart and which mutual funds hold this stock

TopFund Score: 66/100 · Good See breakdown ↓
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Day Open

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Day High

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Day Low

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NSE Close — 25 Sep 2026

₹418.95

Change

+3.6 (0.87%)

Open

₹417.75

Prev. Close

₹415.35

Day High

₹423.0

Day Low

₹411.8

Volume Analysis

Traded

6,852,409

Delivered

2,948,115

Delivery %

43.02%

End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.

Strengths, Weaknesses, Opportunities & Threats

Strengths (0)

No signal for this stock

Weaknesses (2)

  • •Low return on equity (6.23%)
  • •Promoter holding is falling

Opportunities (2)

  • •Strong 3-year EPS growth (34.8%)
  • •FII holding has been rising

Threats (0)

No signal for this stock

Rule-based signals from the fundamentals below — not investment advice.

Pivot Levels

Type R3 R2 R1 Pivot S1 S2 S3
Classic ₹435.24 ₹429.12 ₹424.04 ₹417.92 ₹412.84 ₹406.72 ₹401.64
Fibonacci ₹429.12 ₹424.84 ₹422.2 ₹417.92 ₹413.64 ₹411.0 ₹406.72
Camarilla ₹422.03 ₹421.0 ₹419.98 ₹417.92 ₹417.92 ₹416.9 ₹415.87

Support/resistance levels for today, calculated from the previous trading day's high/low/close.

Absolute Returns

YTD

+43.75%

1 Week

-3.33%

1 Month

-2.76%

3 Months

+1.17%

6 Months

+66.36%

1 Year

+81.36%

2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.

Stock Vitals

Computed from the latest available annual financials.

Graham Number

₹88.16

Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.

DuPont ROE Breakdown

8.74%

Net margin 6.76% × asset turnover 0.44x × equity multiplier 2.94x

Company Overview

Sector

Capital Goods

Market Cap

₹146,786 Cr

P/E (TTM)

60.3

ROE

6.23%

Book Value

₹75.1

Face Value

₹2.0

Source: Screener.in (Consolidated figures) — data as of 23 Sep 2026. Not investment advice.

TopFund Analysis

BHEL holds up reasonably well on TopFund's composite fundamentals check within the Capital Goods sector, at 66/100. The strongest factor is Financial Strength (99/100), while Valuation (16/100) is the weakest area to weigh before deciding. Notably: Low return on equity (6.23%); promoter holding is falling. Strong 3-year EPS growth (34.8%).

TopFund Score — Fundamentals Quality

66/100 — Good

Data confidence: 78/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.

As of 27 Sep 2026 · How we calculate this →

Financial Strength

99

Growth

79

Valuation

16

Cash Flow

70

Corporate Governance

76

Momentum

88

Institutional Ownership

74

Business Quality

41

Risk & Volatility

58

Liquidity

73

From Screener.in

  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 20.9% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 31.3%
  • −Stock is trading at 5.61 times its book value
  • −Company has a low return on equity of 3.18% over last 3 years.
  • −Promoter holding has decreased over last 3 years: -5.00%

Not investment advice — an automated read of public fundamentals data, for research context only.

Corporate Actions

Signing Of Tripartite Agreement 18 Sep

BHEL entered tripartite agreement with old RTA Alankit and new RTA Bigshare.

Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 15 Sep

BHEL signed 50:50 JV with Titagarh Rail Systems on 15.09.2026 for 35-year Vande Bharat Sleeper maintenance.

Announcement under Regulation 30 (LODR)-Acquisition 14 Sep

BHEL board approved Rs 65 crore equity investment in JV NBPPL on 14 September 2026.

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 08 Sep

CAG appoints BHEL auditors for FY 2026-27, including new branch auditor S. Venkatram & Co LLP.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 05 Sep

BHEL schedules analyst/institutional investor factory visit at Haridwar on 9 September 2026.

Source: BSE regulatory filings, via Screener.in.

Quarterly Results

Last several quarters

  Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Sales + 5,003 5,125 5,504 8,260 5,485 6,584 7,277 8,993 5,487 7,512 8,473 12,310 7,698
Expenses + 5,182 5,279 5,287 7,532 5,654 6,309 6,973 8,162 6,024 6,931 7,928 10,557 7,194
Operating Profit -178 -154 217 728 -169 275 304 832 -537 581 545 1,753 504
OPM % -3.6% -3.0% 3.9% 9.0% -3.1% 4.2% 4.2% 9.0% -10.0% 8.0% 6.0% 14.0% 7.0%
Other Income + 130 192 118 170 111 128 126 159 185 189 235 260 226
Interest 168 180 190 193 162 201 184 201 181 195 182 198 140
Depreciation 60 60 61 68 59 60 68 85 75 75 78 88 82
Profit before tax -276 -202 84 636 -279 141 179 704 -608 499 520 1,728 508
Tax % -26.0% -69.0% 29.0% 23.0% -24.0% 25.0% 25.0% 28.0% -25.0% 25.0% 25.0% 25.0% 26.0%
Net Profit + -205 -63 60 490 -211 106 135 504 -456 375 390 1,290 377
EPS in Rs -1 0 0 1 -1 0 0 1 -1 1 1 4 1
Raw PDF — — — — — — — — — — — — —

Source: Screener.in — figures in ₹ Crores unless marked %.

Profit & Loss (Yearly)

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Sales + 31,323 25,505 28,465 28,827 30,441 21,463 17,309 21,211 23,365 23,893 28,339 33,782 35,993
Expenses + 29,183 26,862 27,370 27,174 28,409 21,596 20,357 20,383 22,321 23,182 26,940 31,210 32,610
Operating Profit 2,141 -1,357 1,095 1,653 2,032 -133 -3,049 828 1,044 711 1,399 2,572 3,383
OPM % 7.0% -5.0% 3.9% 6.0% 7.0% -0.6% -18.0% 3.9% 4.5% 3.0% 4.9% 8.0% 9.0%
Other Income + 1,221 1,492 753 679 662 590 393 405 544 608 524 869 909
Interest 92 360 413 330 378 613 467 448 612 828 906 986 715
Depreciation 1,082 937 850 787 476 503 473 314 260 249 272 316 323
Profit before tax 2,187 -1,161 586 1,215 1,840 -659 -3,596 470 716 243 746 2,139 3,254
Tax % 34.0% -39.0% 22.0% 64.0% 46.0% 123.0% -25.0% 5.0% 9.0% -16.0% 28.0% 25.0% —
Net Profit + 1,450 -706 455 438 1,002 -1,468 -2,700 445 654 282 534 1,600 2,432
EPS in Rs 4 -2 1 1 3 -4 -8 1 2 1 2 5 7
Dividend Payout % 20.0% -14.0% 85.0% 151.0% 69.0% 0.0% 0.0% 31.0% 21.0% 31.0% 33.0% 30.0% —

Source: Screener.in — figures in ₹ Crores unless marked %.

Balance Sheet

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Reserves 33,717 31,825 31,899 31,601 30,208 27,964 25,287 25,810 23,682 23,742 24,026 25,450
Borrowings + 1,889 211 156 110 2,598 5,080 4,951 4,830 5,454 8,856 9,015 8,187
Other Liabilities + 34,887 33,051 29,153 31,495 30,987 26,550 25,025 25,654 27,832 26,489 35,112 42,554
Total Liabilities 70,983 65,577 61,698 63,940 64,490 60,291 55,960 56,991 57,664 59,784 68,849 76,888
Fixed Assets + 4,230 3,969 3,601 3,073 2,970 2,817 2,491 2,398 2,476 2,574 2,947 2,999
CWIP 2,614 318 168 203 235 314 420 431 354 308 195 495
Investments 6 796 757 429 152 162 185 205 235 256 276 302
Other Assets + 64,134 60,494 57,171 60,235 61,132 56,998 52,864 53,956 54,599 56,646 65,431 73,092
Total Assets 70,983 65,577 61,698 63,940 64,490 60,291 55,960 56,991 57,664 59,784 68,849 76,888
Equity Capital 490 490 490 734 696 696 696 696 696 696 696 696

Source: Screener.in — figures in ₹ Crores unless marked %.

Cash Flow

  Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Cash from Operating Activity + 821 374 560 989 -3,860 -2,892 560 660 -741 -3,713 2,192 5,837
Cash from Investing Activity + 650 23 -565 961 1,919 1,877 -42 -1,118 1,480 1,331 -2,731 -3,035
Cash from Financing Activity + -3,543 -122 -468 -667 -32 1,622 -394 -329 89 2,656 -857 -1,806
Net Cash Flow -2,071 275 -473 1,283 -1,973 608 123 -787 829 274 -1,396 996
CFO/OP 87 -50 105 57 -169 1,930 -25 30 -82 -554 151 227
Free Cash Flow 544 -178 227 719 -4,284 -3,276 311 498 -921 -3,936 1,902 5,261

Source: Screener.in — figures in ₹ Crores unless marked %.

Shareholding Pattern

Quarter-by-quarter — Promoters, FII, DII & public holding trend

Promoter holding: 63.17% → 58.17%
  Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Public 13.62% 12.23% 12.14% 12.71% 12.66% 13.36% 13.29% 12.02% 11.98% 10.85% 10.63% 9.88%
Promoters 63.17% 63.17% 63.17% 63.17% 63.17% 63.17% 63.17% 63.17% 63.17% 63.17% 58.17% 58.17%
Government 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.06% 0.07%
FII 7.23% 7.04% 8.76% 9.1% 9.48% 7.98% 7.19% 6.36% 6.23% 6.28% 7.23% 9.52%
DII 15.99% 17.58% 15.95% 15.03% 14.69% 15.49% 16.34% 18.45% 18.62% 19.7% 23.93% 22.35%

Source: Screener.in — quarterly shareholding disclosures.

Peers Comparison

Capital Goods — ranked by market cap

Company Market Cap (Cr) P/E P/B ROE
BHEL (this stock) 146,786 60.3 5.62 6.23%
ABB India Limited 151,069 98.0 16.17 22.4%
Cg Power And Ind Sol Ltd 142,076 112.0 17.83 20.5%
Cummins India Ltd 138,945 57.0 16.4 30.2%
Siemens Ltd 138,068 91.8 9.97 19.2%
Tata Motors Limited 162,595 21.9 12.77 34.0%
Polycab India Limited 126,713 44.2 10.54 23.0%

Which Mutual Funds Hold BHEL?

Frequently Asked Questions about BHEL

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