Shares of Bharat Heavy Electricals declined by 2.05% to Rs 212.52 in Thursday's session, as of 1:44 pm. The stock is a constituent of the Nifty Midcap 150 index.
Financial Performance:
The consolidated financial performance of Bharat Heavy Electricals is as follows:
Quarterly Results:
For the quarter-ending June 2025:
For the year-ending March 2025:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 28,339 | 23,892 | 23,364 | 21,211 | 17,308 |
| Other Income | 465 | 546 | 488 | 354 | 348 |
| Total Income | 28,804 | 24,439 | 23,853 | 21,565 | 17,657 |
| Total Expenditure | 27,369 | 23,529 | 22,908 | 20,789 | 20,923 |
| EBIT | 1,434 | 909 | 944 | 776 | -3,266 |
| Interest | 748 | 731 | 521 | 355 | 373 |
| Tax | 211 | -39 | 2 | 25 | -896 |
| Net Profit | 474 | 218 | 421 | 394 | -2,743 |
The total revenue for the year ending March 2025 was Rs 28,339 Crore, which is an 18.62% increase compared to the revenue of Rs 23,892 Crore in March 2024. The net profit for the year ending March 2025 was Rs 474 Crore, compared to Rs 218 Crore in March 2024.
Consolidated Quarterly Income Statement:
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 5,486 | 8,993 | 7,277 | 6,584 | 5,484 |
| Other Income | 171 | 149 | 107 | 111 | 96 |
| Total Income | 5,658 | 9,142 | 7,385 | 6,695 | 5,581 |
| Total Expenditure | 6,098 | 8,246 | 7,040 | 6,369 | 5,713 |
| EBIT | -440 | 895 | 344 | 326 | -131 |
| Interest | 181 | 201 | 183 | 201 | 161 |
| Tax | -152 | 199 | 44 | 35 | -67 |
| Net Profit | -469 | 494 | 116 | 89 | -225 |
The sales for the quarter ending June 2025 was Rs 5,486 Crore. The net profit for the quarter ending June 2025 was Rs -469 Crore.
Consolidated Cash Flow:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 2,191 | -3,712 | -741 | 660 | 561 |
| Investing Activities | -2,730 | 1,330 | 1,480 | -1,125 | -42 |
| Financing Activities | -856 | 2,655 | 88 | -329 | -395 |
| Others | 0 | 0 | 0 | 7 | 0 |
| Net Cash Flow | -1,395 | 273 | 827 | -787 | 123 |
Consolidated Balance Sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 696 | 696 | 696 | 696 | 696 |
| Reserves & Surplus | 24,025 | 23,742 | 26,131 | 25,810 | 25,287 |
| Current Liabilities | 28,225 | 25,332 | 23,351 | 21,371 | 20,359 |
| Other Liabilities | 15,135 | 9,234 | 9,190 | 8,366 | 8,896 |
| Total Liabilities | 68,083 | 59,005 | 59,369 | 56,243 | 55,240 |
| Fixed Assets | 3,142 | 2,882 | 2,829 | 2,829 | 2,910 |
| Current Assets | 42,759 | 34,545 | 30,082 | 27,861 | 28,343 |
| Other Assets | 22,180 | 21,577 | 26,457 | 25,552 | 23,986 |
| Total Assets | 68,083 | 59,005 | 59,369 | 56,243 | 55,240 |
| Contingent Liabilities | 8,632 | 10,085 | 7,661 | 7,022 | 6,324 |
Ratios:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 1.53 | 0.81 | 1.37 | 1.28 | -7.75 |
| Diluted Eps (Rs.) | 1.53 | 0.81 | 1.37 | 1.28 | -7.75 |
| Book Value /Share (Rs.) | 71.00 | 70.18 | 77.05 | 76.12 | 74.59 |
| Dividend/Share (Rs.) | 0.50 | 0.25 | 0.40 | 0.40 | 0.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 6.02 | 4.85 | 5.15 | 5.13 | -16.13 |
| Operating Margin (%) | 5.06 | 3.80 | 4.04 | 3.65 | -18.86 |
| Net Profit Margin (%) | 1.67 | 0.91 | 1.80 | 1.85 | -15.85 |
| Return on Networth / Equity (%) | 2.15 | 1.15 | 1.77 | 1.68 | -10.38 |
| ROCE (%) | 3.60 | 2.70 | 2.62 | 2.22 | -9.36 |
| Return On Assets (%) | 0.78 | 0.47 | 0.80 | 0.79 | -4.88 |
| Current Ratio (X) | 1.51 | 1.36 | 1.29 | 1.30 | 1.39 |
| Quick Ratio (X) | 1.17 | 1.08 | 1.00 | 1.00 | 1.04 |
| Debt to Equity (x) | 0.36 | 0.36 | 0.20 | 0.18 | 0.19 |
| Interest Coverage Ratios (X) | 2.28 | 1.58 | 2.31 | 3.06 | -8.73 |
| Asset Turnover Ratio (%) | 0.45 | 0.40 | 0.40 | 0.38 | 31.33 |
| Inventory Turnover Ratio (X) | 3.32 | 3.42 | 0.94 | 0.77 | 2.41 |
| 3 Yr CAGR Sales (%) | 15.59 | 17.49 | 4.34 | -16.53 | -22.66 |
| 3 Yr CAGR Net Profit (%) | 9.75 | -71.80 | -46.89 | -42.39 | 81.93 |
| P/E (x) | 141.46 | 305.31 | 51.13 | 38.55 | -6.29 |
| P/B (x) | 3.04 | 3.52 | 0.91 | 0.65 | 0.65 |
| EV/EBITDA (x) | 44.77 | 76.56 | 19.22 | 13.55 | -5.41 |
| P/S (x) | 2.65 | 3.60 | 1.05 | 0.81 | 0.98 |
Bharat Heavy Electricals has announced the following:
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