Bharat Heavy Electricals Limited is an engineering and manufacturing company offering comprehensive products, systems, and services in various areas, including power generation (thermal, hydro, gas, nuclear, and solar photovoltaic), transmission, transportation, defense, aerospace, oil and gas, and emerging sectors like battery energy storage systems and electric vehicle chargers. The company is the flagship engineering and manufacturing company of India owned and controlled by the Government of India.
Navratna PSU Bharat Heavy Electricals is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors and is a leading power equipment manufacturer globally. The main promoter of BHEL is the President of India with a 63.17% shareholding.
The Company operates through two business segments: Power and Industry. The Power segment comprises thermal, gas, hydro and nuclear power plant businesses, spares and services businesses, apart from new businesses of coal to chemicals, emission control equipment and spares. The Industry segment caters to major equipment supplies and engineering, procurement and construction (EPC) works for a number of industries, including transportation, transmission, defense, aerospace, captive power plants, process industries.
The company's manufacturing capabilities span across multiple sectors including power (thermal, hydro, gas, solar PV, and nuclear), transportation, transmission, defence & aerospace, oil & gas, energy storage, and water. It manufactures turbines, steam generator sets, including auxiliary plants for use with steam generators, electric motors, transformers and electricity distribution and control apparatus.
The market cap of Bharat Heavy Electricals Ltd (BHEL) is ₹89,697.95 Cr as of 4th July 2025. The P/E (price-to-earnings) ratio of Bharat Heavy Electricals Ltd (BHEL) is 168.01 and the P/B (price-to-book) ratio is 3.67. The current dividend yield of Bharat Heavy Electricals Ltd (BHEL) is 0.19.
For the quarter ended March 2025, BHEL demonstrated improved performance:
- Net profit of Bharat Heavy Electricals rose 3.03% to Rs 504.45 crore in the quarter ended March 2025 as against Rs 489.62 crore during the previous quarter ended March 2024.
- Sales rose 8.88% to Rs 8993.37 crore in the quarter ended March 2025 as against Rs 8260.25 crore during the previous quarter ended March 2024.
For the full year ended March 2025, the company showed strong improvement:
- Net profit rose 89.18% to Rs 533.90 crore in the year ended March 2025 as against Rs 282.22 crore during the previous year ended March 2024.
- Sales rose 18.61% to Rs 28339.48 crore in the year ended March 2025 as against Rs 23892.78 crore during the previous year ended March 2024.
The 52-week high of Bharat Heavy Electricals Ltd (BHEL) is ₹335.35 and the 52-week low is ₹176. Bharat Heavy Electricals Ltd has gained around 12.08% in last one month. Bharat Heavy Electricals Ltd. is listed and trades on the NSE stock exchange.
The stock has shown resilience with 42,880 employees driving the company's operations across various sectors. Bharat Heavy Electricals has split 3 times in its corporate history, indicating management's confidence in the company's growth prospects.
BHEL has been actively securing major contracts to strengthen its market position. Bharat Heavy Electricals Limited (BHEL) has secured a ₹6,500 crore contract from Adani Power for the supply and supervision of six thermal units, enhancing its market position. The Ministry of Railways has awarded a contract to manufacture the new version of Vande Bharat Express trains to a consortium including Bharat Heavy Electricals Limited (BHEL), marking a significant opportunity for BHEL in the railway sector.
The company has also been recognized for its operational excellence. BHEL has been recognized with the ICMAI National Award for Excellence in Cost Management 2024. Additionally, Bharat Heavy Electricals Ltd (BHEL) is likely to be nominated as the tendering agency for 72,300 electric vehicle charging stations under the ₹10,900-crore PM E-drive scheme, enhancing its role in India's EV infrastructure development.
Bharat Heavy Electricals has fixed 11 July 2025 as the record date for the purpose of determining the eligibility of the members to receive final dividend of Rs. 0.50 per share (i.e. @ 25% on the paid up equity share capital) for the year 2024-25. Bharat Heavy Electricals will hold a meeting of the Board of Directors of the Company on 16 May 2025.
BHEL's positioning as a leading power equipment manufacturer with government backing provides stability and growth opportunities. The company's diversification into emerging sectors like electric vehicle charging infrastructure and renewable energy solutions positions it well for future growth. With consistent revenue growth and improving profitability metrics, BHEL represents a significant player in India's infrastructure and energy sectors.
