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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 : ₹ 96,715.3 Cr
Revenue (TTM) : ₹ 29,269.2 Cr
Net Profit(TTM) : ₹ 502.3 Cr
EPS (TTM) : ₹ 1.4
P/E (TTM) : 192.5

Industry Peers & Returns1W1M1Y
BHARAT HEAVY ELECTRICALS -4.6% 6.9% 9.2%
THERMAX -2.5% -12.4% -40.5%
JYOTI CNC AUTOMATION -3.3% 6.3% -27.5%
TRIVENI TURBINE 3.5% 3.7% -27.2%
KIRLOSKAR BROTHERS -5.3% -11.5% -30.6%
ELECON ENGINEERING COMPANY -3.4% -13.1% -23.1%
PRAJ INDUSTRIES -1.9% -7% -61.7%
KIRLOSKAR OIL ENGINES 1.3% 14.4% 4.2%
TEGA INDUSTRIES -1.4% 0.1% 11.2%


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 : ₹277.8
Current MarketCap: ₹ 96,715.3 Cr
Updated EOD on :Dec 05,2025

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

-4.6%

6.9%

9.2%

SENSEX

0%

2.7%

6.8%

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 -0.2% 1.4% 5.5%
NSE Indices1W1M1Y
NIFTY MIDCAP 50 -0.2% 2% 9.2%
NIFTY 200 -0.3% 1.5% 6%
NIFTY MIDCAP SELECT -0.3% 3.7% 10%
NIFTY 500 -0.4% 0.7% 4.4%
NIFTY TOTAL MARKET -0.5% 0.4% 3.8%

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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 .