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BHARAT HEAVY ELECTRICALS Financial Statement Analysis
[BOM: 500103|NSE : BHEL]

The Revenues of BHARAT HEAVY ELECTRICALS have increased by 2.26% YoY .
The Earnings Per Share (EPS) of BHARAT HEAVY ELECTRICALS has increased by 88.89 % YoY.
REVENUES
OPERATING MARGIN
PROFIT AFTER TAX
EPS
ROCE

BHARAT HEAVY ELECTRICALS Last 5 Annual Financial Results
[BOM: 500103|NSE : BHEL]

ConsolidatedMar2025
Mar2024
Mar2023
Mar2022
Mar2021
Revenues ₹23,893 Cr₹23,365 Cr₹21,211 Cr₹17,309 Cr₹21,463 Cr
Expenses ₹28,094 Cr₹25,383 Cr₹23,590 Cr₹22,827 Cr₹25,084 Cr
Operating Profit (Excl OI) ₹-4,201 Cr₹-2,018 Cr₹-2,379 Cr₹-5,518 Cr₹-3,621 Cr
Other Income ₹5,457 Cr₹3,551 Cr₹3,561 Cr₹2,818 Cr₹4,052 Cr
Interest ₹828 Cr₹612 Cr₹448 Cr₹467 Cr₹613 Cr
Depreciation ₹249 Cr₹260 Cr₹314 Cr₹473 Cr₹503 Cr
Profit Before Tax ₹243 Cr₹716 Cr₹470 Cr₹-3,596 Cr₹-659 Cr
Profit After Tax ₹282 Cr₹654 Cr₹445 Cr₹-2,700 Cr₹-1,468 Cr
Consolidated Net Profit ₹282 Cr₹654 Cr₹446 Cr₹-2,697 Cr₹-1,466 Cr
Earnings Per Share (Rs)₹1.53₹0.81₹1.88₹1.28₹-7.75
PAT Margin (%)1.621.022.431.84-13.70
ROE(%)2.171.162.571.69-9.88
ROCE(%)4.953.404.352.96-9.71
Total Debt/Equity(x)0.360.360.220.180.19

Key Financials

Market Cap : ₹ 98,334.5 Cr
Revenue (TTM) : ₹ 29,269.2 Cr
Net Profit(TTM) : ₹ 502.3 Cr
EPS (TTM) : ₹ 1.4
P/E (TTM) : 195.8

Industry Peers & Returns1W1M1Y
BHARAT HEAVY ELECTRICALS -1.1% 20.4% 28.2%
THERMAX -4.3% -10.3% -39%
JYOTI CNC AUTOMATION 2.1% 6.1% -9.8%
TRIVENI TURBINE 0.3% 2.1% -16.2%
KIRLOSKAR BROTHERS -3.4% -13.6% -14.1%
ELECON ENGINEERING COMPANY -5.8% -7.3% -2.8%
PRAJ INDUSTRIES 0.3% -3.4% -50.9%
KIRLOSKAR OIL ENGINES 4.8% 29.9% 3.9%
TEGA INDUSTRIES -2.1% -1.5% 12.1%


BHARAT HEAVY ELECTRICALS Revenues
[BOM: 500103|NSE : BHEL]

Y-o-Y

2.26 %

5 Yr CAGR

2.72 %

Years Revenues % Change
Mar2025 ₹23,893 Cr
2.26
Mar2024 ₹23,365 Cr
10.15
Mar2023 ₹21,211 Cr
22.55
Mar2022 ₹17,309 Cr
-19.36
Mar2021 ₹21,463 Cr -


BHARAT HEAVY ELECTRICALS Operating Profit
[BOM: 500103|NSE : BHEL]

Y-o-Y

Negative

5 Yr CAGR

Negative

Years Operating Profit % Change
Mar2025 ₹-4,201 Cr
Negative
Mar2024 ₹-2,018 Cr
Negative
Mar2023 ₹-2,379 Cr
Negative
Mar2022 ₹-5,518 Cr
Negative
Mar2021 ₹-3,621 Cr -

Operating Margins
Y-o-Y

Negative

5 Yr CAGR

Negative

Years Operating Margin% % Change
Mar2025 -17.58%
Negative
Mar2024 -8.64%
Negative
Mar2023 -11.22%
Negative
Mar2022 -31.88%
Negative
Mar2021 -16.87% -

BHARAT HEAVY ELECTRICALS Profit After Tax
[BOM: 500103|NSE : BHEL]

Y-o-Y

-56.86 %

5 Yr CAGR

Positive

Years Profit After Tax % Change
Mar2025 ₹282 Cr
-56.86
Mar2024 ₹654 Cr
46.65
Mar2023 ₹446 Cr
Positive
Mar2022 ₹-2,697 Cr
Negative
Mar2021 ₹-1,466 Cr -

PAT Margins
Y-o-Y

58.82 %

5 Yr CAGR

Positive

Years PAT Margin(%) % Change
Mar2025 1.62 %
58.82
Mar2024 1.02 %
-58.02
Mar2023 2.43 %
32.07
Mar2022 1.84 %
Positive
Mar2021 -13.7 % -

BHARAT HEAVY ELECTRICALS Earnings Per Share (EPS)
[BOM: 500103|NSE : BHEL]

Y-o-Y

88.89 %

5 Yr CAGR

Positive

Years EPS % Change
Mar2025 ₹1.53
88.89
Mar2024 ₹0.81
-56.91
Mar2023 ₹1.88
46.88
Mar2022 ₹1.28
Positive
Mar2021 ₹-7.75 -

BHARAT HEAVY ELECTRICALS Return on Capital Employed (ROCE)
[BOM: 500103|NSE : BHEL]

Y-o-Y

45.59 %

5 Yr CAGR

Positive

Years ROCE % Change
Mar2025 4.95%
45.59
Mar2024 3.4%
-21.84
Mar2023 4.35%
46.96
Mar2022 2.96%
Positive
Mar2021 -9.71% -

BHARAT HEAVY ELECTRICALS Share Price vs Sensex

Current Share Price : ₹282.4
Current MarketCap: ₹ 98,334.5 Cr
Updated EOD on :Nov 21,2025

Share Price Returns(%) 1 Week 1 Month 1 Year
BHARAT HEAVY ELECTRICALS

-1.1%

20.4%

28.2%

SENSEX

0.8%

1%

9.9%

BHARAT HEAVY ELECTRICALS related INDICES

BSE Indices1W1M1Y
BSE ALLCAP 6.4% 8.9% 7.5%
BSE MIDSMALLCAP 4.7% 9% 8.4%
BSE LARGEMIDCAP 4.5% 7.2% 8.3%
BSE 500 SHARIAH 4.3% 4.3% 1.1%
BSE 200 0.1% 0.7% 8.9%
NSE Indices1W1M1Y
NIFTY 200 0.1% 0.7% 9.5%
NIFTY MIDCAP SELECT -0.1% 4.7% 14.5%
NIFTY 500 -0.2% 0.3% 8.3%
NIFTY TOTAL MARKET -0.3% 0.2% 7.9%
NIFTY LARGEMIDCAP 250 -0.3% 0.8% 9.8%

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FAQ about BHARAT HEAVY ELECTRICALS Financials


How the annual revenues of BHARAT HEAVY ELECTRICALS have changed ?

The Revenues of BHARAT HEAVY ELECTRICALS have increased by 2.26% YoY .

How the Earnings per Share (EPS) of BHARAT HEAVY ELECTRICALS have changed?

The Earnings Per Share (EPS) of BHARAT HEAVY ELECTRICALS has increased by 88.89 % YoY .