Obermatt

Bharat Heavy Electricals

NSI:BHEL · INE257A01026
Electrical EquipmentX-Large

360

47
EV / EBIT26
Price / Owner Earnings9
Owner Earnings Yield34
Dividend Yield67
Price/Sales31
EV / Gross Profit69
Price/Book38
Return on Capital25
Cash Return on Capital32
Return on Equity28
EBIT Margin29
Gross Profitability36
Cash Conversion94
Owner Earnings Margin38
Sales growth92
Profit Growth57
Long-Term EPS Growth98
Reinvestment76
Price momentum86
Debt load57
Refinancing41
Debt Payback100
Liquidity37
Analyst ratings16
Opinion Changes84
Price Target Upside7
Market mood57
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Bharat Heavy Electricals clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryIndia
IndustryElectrical Equipment
SizeX-Large
TypePublic Company
ExchangeBSE
Founded1964
Employees8,109
Websitebhel.com
ISININE257A01026
Last UpdateApr 2, 2026
Index & Theme
CleanTechPower GridUtility Scale SolarOnshore and Offshore WindClean EnergyEnergy ManagementEnergy StorageIndustrial AutomationDefenseTechHydrogenEnergyEnterprise SoftwareInfrastructureInnovation ManagementManufacturing

Description

Bharat Heavy Electricals Limited (BHEL) operates as an engineering and manufacturing company. Business Segments The company operates through the Power Sector, Industry sector, and International Operations segments. Power Segment This segment prim…

Analysis

Middle-of-the-road

Bharat Heavy Electricals Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 89.4× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 26% yearly growth; analysts expect 93%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 13/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
44
2023202420252026

All-time high

44

Jun 2026

All-time low

14

Jan 2024

Average rank

34

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
31
45
41
63
Price/Earnings
20
38
10
24
Price/Book
38
48
41
83
Dividend Yield
67
42
14
37
Value (overall)
39
39
21
45

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →