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Bharat Heavy Electricals shares rise 2.01%; stock among top gainers on Nifty Midcap 150

Bharat Heavy Electricals shares witnessed positive movement today and the stock is a constituent of the Nifty Midcap 150 index.

September 10, 2025 / 13:04 IST
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    Bharat Heavy Electricals shares gained 2.01% to trade at Rs 218.84 on Wednesday's session, emerging as one of the top gainers on the Nifty Midcap 150 index. The stock showed positive movement compared to its previous close.

    Bharat Heavy Electricals is included as one of the stocks in the benchmark NIFTY MIDCAP 150 index.

    Financial Snapshot


    Here's a look at Bharat Heavy Electricals' recent financial performance:

    Consolidated Quarterly Performance


    In terms of consolidated quarterly performance, the revenue for June 2025 stood at Rs 5,486.91 Crore, compared to Rs 5,484.92 Crore in June 2024. The net profit for the quarter was at -Rs 469.17 Crore in June 2025, while it was -Rs 225.61 Crore in June 2024. The EPS was -Rs 1.31 in June 2025, compared to -Rs 0.61 in June 2024.
    HeadingJun 2024Sep 2024Dec 2024Mar 2025Jun 2025
    RevenueRs 5,484.92 CroreRs 6,584.10 CroreRs 7,277.09 CroreRs 8,993.37 CroreRs 5,486.91 Crore
    Net Profit-Rs 225.61 CroreRs 89.53 CroreRs 116.44 CroreRs 494.53 Crore-Rs 469.17 Crore
    EPS-0.610.300.391.45-1.31

    Consolidated Yearly Performance


    The company's consolidated yearly revenue increased by 18.61% from Rs 23,892.78 Crore in 2024 to Rs 28,339.48 Crore in 2025. The net profit also saw an increase from Rs 218.24 Crore in 2024 to Rs 474.89 Crore in 2025. The EPS increased from Rs 0.81 in 2024 to Rs 1.53 in 2025.
    Heading20212022202320242025
    RevenueRs 17,308.69 CroreRs 21,211.09 CroreRs 23,364.94 CroreRs 23,892.78 CroreRs 28,339.48 Crore
    Net Profit-Rs 2,743.84 CroreRs 394.29 CroreRs 421.37 CroreRs 218.24 CroreRs 474.89 Crore
    EPS-7.751.281.370.811.53
    BVPS74.5976.1277.0570.1871.00
    ROE-10.381.681.771.152.15
    Debt to Equity0.190.180.200.360.36

    Annual Income Statement


    The annual income statement ending March 2025 shows sales of Rs 28,339 Crore, other income of Rs 465 Crore, and total income of Rs 28,804 Crore. Total expenditure amounted to Rs 27,369 Crore, resulting in an EBIT of Rs 1,434 Crore. After accounting for interest of Rs 748 Crore and tax of Rs 211 Crore, the net profit stood at Rs 474 Crore.
    Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
    SalesRs 28,339 CroreRs 23,892 CroreRs 23,364 CroreRs 21,211 CroreRs 17,308 Crore
    Other IncomeRs 465 CroreRs 546 CroreRs 488 CroreRs 354 CroreRs 348 Crore
    Total IncomeRs 28,804 CroreRs 24,439 CroreRs 23,853 CroreRs 21,565 CroreRs 17,657 Crore
    Total ExpenditureRs 27,369 CroreRs 23,529 CroreRs 22,908 CroreRs 20,789 CroreRs 20,923 Crore
    EBITRs 1,434 CroreRs 909 CroreRs 944 CroreRs 776 Crore-Rs 3,266 Crore
    InterestRs 748 CroreRs 731 CroreRs 521 CroreRs 355 CroreRs 373 Crore
    TaxRs 211 Crore-Rs 39 CroreRs 2 CroreRs 25 Crore-Rs 896 Crore
    Net ProfitRs 474 CroreRs 218 CroreRs 421 CroreRs 394 Crore-Rs 2,743 Crore

    Quarterly Income Statement


    The quarterly income statement ending June 2025 shows sales of Rs 5,486 Crore, other income of Rs 171 Crore, and total income of Rs 5,658 Crore. Total expenditure amounted to Rs 6,098 Crore, resulting in an EBIT of -Rs 440 Crore. After accounting for interest of Rs 181 Crore and tax of -Rs 152 Crore, the net profit stood at -Rs 469 Crore.
    Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
    SalesRs 5,486 CroreRs 8,993 CroreRs 7,277 CroreRs 6,584 CroreRs 5,484 Crore
    Other IncomeRs 171 CroreRs 149 CroreRs 107 CroreRs 111 CroreRs 96 Crore
    Total IncomeRs 5,658 CroreRs 9,142 CroreRs 7,385 CroreRs 6,695 CroreRs 5,581 Crore
    Total ExpenditureRs 6,098 CroreRs 8,246 CroreRs 7,040 CroreRs 6,369 CroreRs 5,713 Crore
    EBIT-Rs 440 CroreRs 895 CroreRs 344 CroreRs 326 Crore-Rs 131 Crore
    InterestRs 181 CroreRs 201 CroreRs 183 CroreRs 201 CroreRs 161 Crore
    Tax-Rs 152 CroreRs 199 CroreRs 44 CroreRs 35 Crore-Rs 67 Crore
    Net Profit-Rs 469 CroreRs 494 CroreRs 116 CroreRs 89 Crore-Rs 225 Crore

    Cash Flow


    The cash flow statement shows the net cash flow from operating activities was Rs 2,191 Crore, from investing activities was -Rs 2,730 Crore, and from financing activities was -Rs 856 Crore.
    Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
    Operating ActivitiesRs 2,191 Crore-Rs 3,712 Crore-Rs 741 CroreRs 660 CroreRs 561 Crore
    Investing Activities-Rs 2,730 CroreRs 1,330 CroreRs 1,480 Crore-Rs 1,125 Crore-Rs 42 Crore
    Financing Activities-Rs 856 CroreRs 2,655 CroreRs 88 Crore-Rs 329 Crore-Rs 395 Crore
    Others00070
    Net Cash Flow-Rs 1,395 CroreRs 273 CroreRs 827 Crore-Rs 787 CroreRs 123 Crore

    Balance Sheet


    The balance sheet for March 2025 shows a share capital of Rs 696 Crore and reserves & surplus of Rs 24,025 Crore. Current liabilities are Rs 28,225 Crore and other liabilities are Rs 15,135 Crore, bringing the total liabilities to Rs 68,083 Crore. The assets include fixed assets of Rs 3,142 Crore, current assets of Rs 42,759 Crore, and other assets of Rs 22,180 Crore, totaling Rs 68,083 Crore.
    Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
    Share CapitalRs 696 CroreRs 696 CroreRs 696 CroreRs 696 CroreRs 696 Crore
    Reserves & SurplusRs 24,025 CroreRs 23,742 CroreRs 26,131 CroreRs 25,810 CroreRs 25,287 Crore
    Current LiabilitiesRs 28,225 CroreRs 25,332 CroreRs 23,351 CroreRs 21,371 CroreRs 20,359 Crore
    Other LiabilitiesRs 15,135 CroreRs 9,234 CroreRs 9,190 CroreRs 8,366 CroreRs 8,896 Crore
    Total LiabilitiesRs 68,083 CroreRs 59,005 CroreRs 59,369 CroreRs 56,243 CroreRs 55,240 Crore
    Fixed AssetsRs 3,142 CroreRs 2,882 CroreRs 2,829 CroreRs 2,829 CroreRs 2,910 Crore
    Current AssetsRs 42,759 CroreRs 34,545 CroreRs 30,082 CroreRs 27,861 CroreRs 28,343 Crore
    Other AssetsRs 22,180 CroreRs 21,577 CroreRs 26,457 CroreRs 25,552 CroreRs 23,986 Crore
    Total AssetsRs 68,083 CroreRs 59,005 CroreRs 59,369 CroreRs 56,243 CroreRs 55,240 Crore
    Contingent LiabilitiesRs 8,632 CroreRs 10,085 CroreRs 7,661 CroreRs 7,022 CroreRs 6,324 Crore

    Key Financial Ratios


    Bharat Heavy Electricals reported a debt-to-equity ratio of 0.36 as of the year-ending March 2025. Key financial ratios for Bharat Heavy Electricals show a P/E ratio of 141.46 and a P/B ratio of 3.04.
    Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021
    Basic EPS (Rs.)1.530.811.371.28-7.75
    Diluted Eps (Rs.)1.530.811.371.28-7.75
    Book Value [Excl. Reval Reserve]/Share (Rs.)71.0070.1877.0576.1274.59
    Dividend/Share (Rs.)0.500.250.400.400.00
    Face Value22222
    Gross Profit Margin (%)6.024.855.155.13-16.13
    Operating Margin (%)5.063.804.043.65-18.86
    Net Profit Margin (%)1.670.911.801.85-15.85
    Return on Networth / Equity (%)2.151.151.771.68-10.38
    ROCE (%)3.602.702.622.22-9.36
    Return On Assets (%)0.780.470.800.79-4.88
    Current Ratio (X)1.511.361.291.301.39
    Quick Ratio (X)1.171.081.001.001.04
    Debt to Equity (x)0.360.360.200.180.19
    Interest Coverage Ratios (X)2.281.582.313.06-8.73
    Asset Turnover Ratio (%)0.450.400.400.3831.33
    Inventory Turnover Ratio (X)3.323.420.940.772.41
    3 Yr CAGR Sales (%)15.5917.494.34-16.53-22.66
    3 Yr CAGR Net Profit (%)9.75-71.80-46.89-42.3981.93
    P/E (x)141.46305.3151.1338.55-6.29
    P/B (x)3.043.520.910.650.65
    EV/EBITDA (x)44.7776.5619.2213.55-5.41
    P/S (x)2.653.601.050.810.98

    Corporate Actions


    Bharat Heavy Electricals announced a final dividend of Rs 0.50 per share (25%) on May 16, 2025, with an effective date of August 1, 2025. The company also announced a final dividend of Rs 0.25 per share (12.5%) on May 21, 2024, with an effective date of August 9, 2024.

    The company had a bonus issue on August 10, 2017, with a bonus ratio of 1:2 and an ex-bonus date of September 28, 2017. Another bonus issue was on January 25, 2007, with a bonus ratio of 1:1 and an ex-bonus date of May 31, 2007.

    Bharat Heavy Electricals had a stock split on May 23, 2011, with the old face value of Rs 10 and the new face value of Rs 2, and an ex-split date of October 3, 2011.

    BHEL signed an MOU with Horizon Fuel Cell Technologies Pte Ltd, as announced on September 5, 2025. Additionally, BHEL received a Letter of Intent (LOI) from MB Power (Madhya Pradesh) Limited, as announced on September 3, 2025.

    Bharat Heavy Electricals shares witnessed positive movement today and the stock is a constituent of the Nifty Midcap 150 index.

    Alpha Desk
    first published: Sep 10, 2025 01:04 pm

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