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BHARAT HEAVY ELECTRICALS
PE (Price/Earnings) Ratio

The Current P/E Ratio of BHARAT HEAVY ELECTRICALS is 48.73.

Share Price ₹394.0Oct 26,2026
Market Cap ₹137,194.7 Cr
Earnings-TTM₹2,815.6 CrTTM-Consolidated Results
Price/Earnings48.73xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BHARAT HEAVY ELECTRICALS

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of BHARAT HEAVY ELECTRICALS is calculated as :

Current Market Cap [ ₹137,194.7 Cr] as on Oct 26,2026

(/) Earnings [ ₹2,815.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 48.73x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for BHARAT HEAVY ELECTRICALS , the investors are currently willing to pay 48.73 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of BHARAT HEAVY ELECTRICALS !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of BHARAT HEAVY ELECTRICALS over the last five years.

Historical PE (Price/Earnings) ratio chart of BHARAT HEAVY ELECTRICALS


PE Ratio Performance Analysis for BHARAT HEAVY ELECTRICALS

- BHARAT HEAVY ELECTRICALS 's latest p/e ratio is 48.73x.

- BHARAT HEAVY ELECTRICALS 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 115.04x.

- BHARAT HEAVY ELECTRICALS 's operated at median p/e ratio of 53.43x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BHARAT HEAVY ELECTRICALS 's p/e ratio peaked in Mar2024 at 305x.

- BHARAT HEAVY ELECTRICALS 's p/e ratio hit its five-year low in Mar2023 of 37.33x.


How does BHARAT HEAVY ELECTRICALS 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BHARAT HEAVY ELECTRICALS 2,815.5848.73137,194.7
THERMAX LTD590.8364.1937,926.3
KIRLOSKAR OIL ENGINES LTD534.6049.4726,445.7
TRIVENI TURBINE LTD337.3042.1114,203.8
JYOTI CNC AUTOMATION LTD321.7263.9520,572.7
INOX INDIA LTD254.8467.7617,268.4
AZAD ENGINEERING LTD139.29118.0616,444.8
TEGA INDUSTRIES LTD-6.53-1,969.0012,857.6
ELECON ENGINEERING COMPANY LTD244.6938.879,512.3
KRN HEAT EXCHANGER AND REFRIGERATION LTD96.9472.196,998.2
PRAJ INDUSTRIES LTD30.11152.304,586.1

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs BHARAT HEAVY ELECTRICALS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -1,969.00x
Max industry PE 152.30x
Median industry PE 63.95x
Average industry PE -113.76x



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