About Bharat Heavy Electricals Limited
Data last updated: 22 December 2025
Bharat Heavy Electricals Limited is a public limited union government company based in New Delhi, Delhi, India. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 13 November 1964, the company has been in operation for over 62 years.
Registered with ROC Delhi under CIN L74899DL1964GOI004281. Listed on BSE: 500103 and NSE: BHEL.
Capital: an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹696.41 Cr. It is led by directors including Bani Varma and Krishna Kumar Thakur.
Last AGM: 19 August 2025. Financial statements filed for year ended 31 March 2025. Office: Bhel House Siri Fort, New Delhi, Delhi, India – 110049.
As per the financials filed for FY 2025, the company reported a revenue of ₹28,805 Cr, a growth of 18% compared to the previous year.
The company has a workforce of approximately 19,632 employees as per the latest available data.
The company is associated with 1 brand - Bharat Heavy Electricals. As per MCA filings, the company has open charges of ₹80,000 Cr and satisfied charges of ₹1,619.87 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhel.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressBhel House Siri Fort, New Delhi, Delhi, India – 110049
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IndustryEnergy and Power, Power Equipment Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited operates one associated brand: Bharat Heavy Electricals. These brands represent Bharat Heavy Electricals Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of electrical component | bhel.com |
Business Activity of Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited is engaged in the principal business activity of manufacturing, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | ********* |
Auditor Details of Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited is audited by K. Venkatachalam Aiyer & Co. (ICAI peer reviewed, certificate valid till 2027-12-31); K. S. Dua & Co. (ICAI peer reviewed, certificate valid till 2028-10-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| K. Venkatachalam Aiyer & Co. (ICAI peer reviewed, certificate valid till 2027-12-31); K. S. Dua & Co. (ICAI peer reviewed, certificate valid till 2028-10-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited is currently managed by 12 directors, with 94 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bani Varma | Whole-Time Director | 09 Oct 2023 | 2 Years 8 Months | Current |
| Krishna Kumar Thakur | Whole-Time Director | 04 Jul 2023 | 3 Years 0 Months | Current |
|
Tajinder Gupta
Also directs:
Raichur Power Corporation Limited
|
Whole-Time Director | 20 Sep 2023 | 2 Years 9 Months | Current |
| Koppu Sadashiv Murthy | Whole-Time Director | 01 Nov 2023 | 2 Years 8 Months | Current |
| Rajesh Kumar Dwivedi | Cfo | 19 Jun 2024 | 2 Years 0 Months | Current |
| Ramesh Patlya Mawaskar | Director | 08 Jun 2023 | 3 Years 1 Months | Current |
Financials of Bharat Heavy Electricals Limited FY 2026 filings available
Bharat Heavy Electricals Limited reported revenue of ₹33,782 Cr (up 19.21% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹33,782 Cr | ₹28,339 Cr | ₹23,893 Cr | ₹23,365 Cr | ₹21,211 Cr | ₹17,309 Cr | ₹21,490 Cr |
| Other Income | ₹807.65 Cr | ₹465.31 Cr | ₹546.27 Cr | ₹488.63 Cr | ₹354.54 Cr | ₹348.42 Cr | ₹564.3 Cr |
| Total Income | ₹34,590 Cr | ₹28,805 Cr | ₹24,439 Cr | ₹23,854 Cr | ₹21,566 Cr | ₹17,657 Cr | ₹22,054 Cr |
| Cost of Materials Consumed | ₹24,274 Cr | ₹20,387 Cr | ₹17,244 Cr | ₹15,954 Cr | ₹9,848.24 Cr | ₹11,071 Cr | ₹14,729 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹4,141.75 Cr | ₹0 | ₹0 |
| Changes in Inventories | -₹1,291.19 Cr | -₹1,542.32 Cr | -₹436.74 Cr | -₹57.15 Cr | ₹532.41 Cr | ₹510.86 Cr | -₹1,015.56 Cr |
| Employee Benefit Expense | ₹6,467.62 Cr | ₹5,923.42 Cr | ₹5,628.84 Cr | ₹5,700.63 Cr | ₹5,519.05 Cr | ₹5,378.15 Cr | ₹5,408.71 Cr |
| Finance Costs | ₹756.41 Cr | ₹748.33 Cr | ₹731.29 Cr | ₹521.43 Cr | ₹355.96 Cr | ₹373.95 Cr | ₹508.45 Cr |
| Depreciation & Amortisation | ₹315.87 Cr | ₹271.96 Cr | ₹248.9 Cr | ₹260.34 Cr | ₹314.12 Cr | ₹473.25 Cr | ₹503.27 Cr |
| Other Expenses | ₹1,989.28 Cr | ₹2,329.34 Cr | ₹844.23 Cr | ₹1,051.21 Cr | ₹434.06 Cr | ₹3,489.94 Cr | ₹2,605.42 Cr |
| Total Expenses | ₹32,512 Cr | ₹28,118 Cr | ₹24,260 Cr | ₹23,430 Cr | ₹21,146 Cr | ₹21,297 Cr | ₹22,739 Cr |
| Profit Before Exceptional Items & Tax | ₹2,077.56 Cr | ₹686.59 Cr | ₹178.68 Cr | ₹423.42 Cr | ₹420.04 Cr | -₹3,640.07 Cr | -₹684.79 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2,077.56 Cr | ₹686.59 Cr | ₹178.68 Cr | ₹423.42 Cr | ₹420.04 Cr | -₹3,640.07 Cr | -₹684.79 Cr |
| Total Tax Expense | ₹538.35 Cr | ₹211.7 Cr | -₹39.56 Cr | ₹2.05 Cr | ₹25.75 Cr | -₹896.23 Cr | ₹809.28 Cr |
| Net Profit | ₹1,600.26 Cr | ₹533.9 Cr | ₹282.22 Cr | ₹477.39 Cr | ₹444.71 Cr | -₹2,699.7 Cr | -₹1,468.35 Cr |
| attributable to Owners | - | ₹533.9 Cr | ₹282.22 Cr | - | ₹446.03 Cr | - | - |
| attributable to NCI | - | ₹0 | ₹0 | - | -₹1.32 Cr | - | - |
| Other Comprehensive Income | -₹61 Lakh | -₹163.34 Cr | -₹82.55 Cr | -₹16.68 Cr | ₹76.9 Cr | ₹20.05 Cr | -₹273.74 Cr |
| Total Comprehensive Income | ₹1,599.65 Cr | ₹370.56 Cr | ₹199.67 Cr | ₹460.71 Cr | ₹521.61 Cr | -₹2,679.65 Cr | -₹1,742.09 Cr |
| EBITDA (computed) | ₹3,149.84 Cr | ₹1,706.88 Cr | ₹1,158.87 Cr | ₹1,205.19 Cr | ₹1,090.12 Cr | -₹2,792.87 Cr | ₹326.93 Cr |
| Basic EPS | ₹4.60 | ₹1.53 | ₹0.81 | ₹1.37 | ₹1.28 | ₹-7.75 | ₹-4.22 |
| Diluted EPS | ₹4.60 | ₹1.53 | ₹0.81 | ₹1.37 | ₹1.28 | ₹-7.75 | ₹-4.22 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹76,186 Cr | ₹68,083 Cr | ₹59,006 Cr | ₹59,370 Cr |
| Non-current Assets | ₹24,730 Cr | ₹25,323 Cr | ₹24,460 Cr | ₹29,288 Cr |
| Current Assets | ₹51,455 Cr | ₹42,760 Cr | ₹34,546 Cr | ₹30,082 Cr |
| Property, Plant & Equipment | ₹2,933.28 Cr | ₹2,862.46 Cr | ₹2,510.69 Cr | ₹2,408.74 Cr |
| Inventories | ₹13,335 Cr | ₹9,869.49 Cr | ₹7,220.57 Cr | ₹6,755.9 Cr |
| Trade Receivables | ₹6,796.27 Cr | ₹5,884.35 Cr | ₹4,785.38 Cr | ₹3,128.35 Cr |
| Cash & Equivalents | ₹1,435.45 Cr | ₹439.21 Cr | ₹1,835.04 Cr | ₹1,560.52 Cr |
| Equity (Net Worth) | ₹26,147 Cr | ₹24,722 Cr | ₹24,439 Cr | ₹26,828 Cr |
| Equity Share Capital | ₹696.41 Cr | ₹696.41 Cr | ₹696.41 Cr | ₹696.41 Cr |
| Borrowings (Non-current) | ₹168.18 Cr | ₹162.39 Cr | ₹23.55 Cr | ₹33.75 Cr |
| Borrowings (Current) | ₹8,018.77 Cr | ₹8,852.21 Cr | ₹8,832.91 Cr | ₹5,419.76 Cr |
| Total Debt (computed) | ₹8,186.95 Cr | ₹9,014.6 Cr | ₹8,856.46 Cr | ₹5,453.51 Cr |
| Current Liabilities | ₹32,302 Cr | ₹28,226 Cr | ₹25,333 Cr | ₹23,351 Cr |
| Total Liabilities | ₹50,039 Cr | ₹43,361 Cr | ₹34,567 Cr | ₹32,542 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹5,837.38 Cr | ₹2,191.89 Cr | -₹3,712.9 Cr | -₹741.52 Cr | ₹660.25 Cr |
| Investing Cash Flow | -₹3,035.41 Cr | -₹2,730.91 Cr | ₹1,330.86 Cr | ₹1,480.46 Cr | -₹1,125.32 Cr |
| Financing Cash Flow | -₹1,805.73 Cr | -₹856.81 Cr | ₹2,655.74 Cr | ₹88.96 Cr | -₹322.21 Cr |
| Capital Expenditure | ₹589.04 Cr | ₹281.54 Cr | ₹232.5 Cr | ₹188.4 Cr | ₹169.38 Cr |
| Free Cash Flow (computed) | ₹5,248.34 Cr | ₹1,910.35 Cr | -₹3,945.4 Cr | -₹929.92 Cr | ₹490.87 Cr |
| Dividends Paid | ₹174.64 Cr | ₹87.44 Cr | ₹139.45 Cr | ₹139.18 Cr | ₹30 Lakh |
| Net Change in Cash | ₹996.24 Cr | -₹1,395.83 Cr | ₹273.7 Cr | ₹827.9 Cr | -₹787.28 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹12,310 Cr | ₹8,473.1 Cr | ₹7,511.8 Cr | ₹5,486.91 Cr | ₹8,993.37 Cr | ₹7,277.09 Cr | ₹6,584.1 Cr | ₹5,484.92 Cr | ₹8,260.25 Cr | ₹5,503.81 Cr | ₹5,125.29 Cr | ₹5,003.43 Cr |
| Other Income | ₹243.13 Cr | ₹218.75 Cr | ₹174.61 Cr | ₹171.16 Cr | ₹149.27 Cr | ₹107.91 Cr | ₹111.27 Cr | ₹96.86 Cr | ₹156.59 Cr | ₹95.82 Cr | ₹180.09 Cr | ₹113.77 Cr |
| Total Income | ₹12,554 Cr | ₹8,691.85 Cr | ₹7,686.41 Cr | ₹5,658.07 Cr | ₹9,142.64 Cr | ₹7,385 Cr | ₹6,695.37 Cr | ₹5,581.78 Cr | ₹8,416.84 Cr | ₹5,599.63 Cr | ₹5,305.38 Cr | ₹5,117.2 Cr |
| Cost of Materials Consumed | ₹8,346.12 Cr | ₹6,058.8 Cr | ₹5,741.38 Cr | ₹4,127.98 Cr | ₹6,978.8 Cr | ₹4,894.91 Cr | ₹4,788.68 Cr | ₹3,725.08 Cr | ₹5,755.48 Cr | ₹3,939.48 Cr | ₹3,974.35 Cr | ₹3,316.63 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹325.48 Cr | -₹196.4 Cr | -₹527.87 Cr | -₹241.44 Cr | -₹1,025.53 Cr | -₹310.73 Cr | -₹358.55 Cr | ₹152.49 Cr | -₹234.9 Cr | ₹1.92 Cr | -₹347.8 Cr | ₹144.04 Cr |
| Employee Benefit Expense | ₹1,994.48 Cr | ₹1,530.71 Cr | ₹1,479.97 Cr | ₹1,462.46 Cr | ₹1,539.36 Cr | ₹1,482.03 Cr | ₹1,467.17 Cr | ₹1,434.86 Cr | ₹1,484.68 Cr | ₹1,442.01 Cr | ₹1,282.11 Cr | ₹1,420.04 Cr |
| Finance Costs | ₹197.52 Cr | ₹182.47 Cr | ₹195.21 Cr | ₹181.21 Cr | ₹201.43 Cr | ₹183.78 Cr | ₹201.38 Cr | ₹161.74 Cr | ₹193.32 Cr | ₹189.6 Cr | ₹180.41 Cr | ₹167.96 Cr |
| Depreciation & Amortisation | ₹87.9 Cr | ₹77.99 Cr | ₹75.46 Cr | ₹74.52 Cr | ₹85.02 Cr | ₹67.88 Cr | ₹60.09 Cr | ₹58.97 Cr | ₹68.4 Cr | ₹60.6 Cr | ₹59.91 Cr | ₹59.99 Cr |
| Other Expenses | ₹542.15 Cr | ₹534.69 Cr | ₹237.39 Cr | ₹675.05 Cr | ₹669.06 Cr | ₹906.64 Cr | ₹411.8 Cr | ₹341.84 Cr | ₹527.13 Cr | ₹183.26 Cr | ₹604.34 Cr | ₹486.81 Cr |
| Total Expenses | ₹10,843 Cr | ₹8,188.26 Cr | ₹7,201.54 Cr | ₹6,279.78 Cr | ₹8,448.14 Cr | ₹7,224.51 Cr | ₹6,570.57 Cr | ₹5,874.98 Cr | ₹7,794.11 Cr | ₹5,816.87 Cr | ₹5,753.32 Cr | ₹5,595.47 Cr |
| Profit Before Exceptional Items & Tax | ₹1,710.81 Cr | ₹503.59 Cr | ₹484.87 Cr | -₹621.71 Cr | ₹694.5 Cr | ₹160.49 Cr | ₹124.8 Cr | -₹293.2 Cr | ₹622.73 Cr | -₹217.24 Cr | -₹447.94 Cr | -₹478.27 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,710.81 Cr | ₹503.59 Cr | ₹484.87 Cr | -₹621.71 Cr | ₹694.5 Cr | ₹160.49 Cr | ₹124.8 Cr | -₹293.2 Cr | ₹622.73 Cr | -₹217.24 Cr | -₹447.94 Cr | -₹478.27 Cr |
| Total Tax Expense | ₹437.12 Cr | ₹129.43 Cr | ₹124.34 Cr | -₹152.54 Cr | ₹199.97 Cr | ₹44.05 Cr | ₹35.27 Cr | -₹67.59 Cr | ₹146.7 Cr | -₹46.14 Cr | -₹197.87 Cr | -₹118.27 Cr |
| Net Profit | ₹1,290.47 Cr | ₹390.4 Cr | ₹374.89 Cr | -₹455.5 Cr | ₹504.45 Cr | ₹134.7 Cr | ₹106.15 Cr | -₹211.4 Cr | ₹489.62 Cr | -₹148.77 Cr | -₹238.12 Cr | -₹343.89 Cr |
| attributable to Owners | - | ₹390.4 Cr | ₹374.89 Cr | - | ₹504.45 Cr | ₹134.7 Cr | - | -₹211.4 Cr | ₹489.62 Cr | - | - | -₹343.89 Cr |
| attributable to NCI | - | ₹0 | ₹0 | - | ₹0 | - | - | - | ₹0 | - | - | ₹0 |
| Other Comprehensive Income | ₹100.61 Cr | -₹33.72 Cr | -₹33.85 Cr | -₹33.65 Cr | -₹92.04 Cr | -₹23.91 Cr | -₹23.79 Cr | -₹23.6 Cr | -₹46.04 Cr | -₹12.22 Cr | -₹12.15 Cr | -₹12.14 Cr |
| Total Comprehensive Income | ₹1,391.08 Cr | ₹356.68 Cr | ₹341.04 Cr | -₹489.15 Cr | ₹412.41 Cr | ₹110.79 Cr | ₹82.36 Cr | -₹235 Cr | ₹443.58 Cr | -₹160.99 Cr | -₹250.27 Cr | -₹356.03 Cr |
| EBITDA (computed) | ₹1,996.23 Cr | ₹764.05 Cr | ₹755.54 Cr | -₹365.98 Cr | ₹980.95 Cr | ₹412.15 Cr | ₹386.27 Cr | -₹72.49 Cr | ₹884.45 Cr | ₹32.96 Cr | -₹207.62 Cr | -₹250.32 Cr |
| Basic EPS | ₹3.71 | ₹1.12 | ₹1.08 | ₹-1.31 | ₹1.45 | ₹0.39 | ₹0.30 | ₹-0.61 | ₹1.41 | ₹-0.43 | ₹-0.68 | ₹-0.99 |
| Diluted EPS | ₹3.71 | ₹1.12 | ₹1.08 | ₹-1.31 | ₹1.45 | ₹0.39 | ₹0.30 | ₹-0.61 | ₹1.41 | ₹-0.43 | ₹-0.68 | ₹-0.99 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Power | ₹9,509.85 Cr | ₹1,869.9 Cr | ₹49,209 Cr | ₹32,518 Cr |
| Industry | ₹2,800.52 Cr | ₹673.03 Cr | ₹10,542 Cr | ₹7,735.31 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Power | ₹25,407 Cr | ₹2,451.24 Cr | - | - |
| Industry | ₹8,375.47 Cr | ₹1,684.07 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹33,782 Cr | ₹28,339 Cr | ₹23,893 Cr | ₹23,365 Cr | ₹21,211 Cr | ₹17,308 Cr | ₹21,486 Cr |
| Other Income | ₹846.39 Cr | ₹503.39 Cr | ₹587.92 Cr | ₹514.81 Cr | ₹367.81 Cr | ₹369.84 Cr | ₹580.58 Cr |
| Total Income | ₹34,629 Cr | ₹28,843 Cr | ₹24,481 Cr | ₹23,880 Cr | ₹21,579 Cr | ₹17,678 Cr | ₹22,067 Cr |
| Cost of Materials Consumed | ₹24,274 Cr | ₹20,387 Cr | ₹17,244 Cr | ₹15,954 Cr | ₹9,848.24 Cr | ₹11,071 Cr | ₹14,727 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹4,141.75 Cr | ₹0 | ₹0 |
| Changes in Inventories | -₹1,291.19 Cr | -₹1,542.32 Cr | -₹436.74 Cr | -₹57.15 Cr | ₹532.41 Cr | ₹510.86 Cr | -₹1,015.53 Cr |
| Employee Benefit Expense | ₹6,467.62 Cr | ₹5,923.42 Cr | ₹5,628.84 Cr | ₹5,700.63 Cr | ₹5,516.84 Cr | ₹5,372.26 Cr | ₹5,403.47 Cr |
| Finance Costs | ₹756.41 Cr | ₹748.33 Cr | ₹731.29 Cr | ₹521.43 Cr | ₹354.72 Cr | ₹373.09 Cr | ₹506.95 Cr |
| Depreciation & Amortisation | ₹315.87 Cr | ₹271.96 Cr | ₹248.9 Cr | ₹260.34 Cr | ₹314.06 Cr | ₹473.05 Cr | ₹502.86 Cr |
| Other Expenses | ₹1,989.28 Cr | ₹2,329.34 Cr | ₹844.23 Cr | ₹1,051.21 Cr | ₹433.93 Cr | ₹3,489.59 Cr | ₹2,603.91 Cr |
| Total Expenses | ₹32,512 Cr | ₹28,118 Cr | ₹24,260 Cr | ₹23,430 Cr | ₹21,142 Cr | ₹21,290 Cr | ₹22,729 Cr |
| Profit Before Exceptional Items & Tax | ₹2,116.3 Cr | ₹724.67 Cr | ₹220.33 Cr | ₹449.6 Cr | ₹436.95 Cr | -₹3,611.6 Cr | -₹662.11 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹2,116.3 Cr | ₹724.67 Cr | ₹220.33 Cr | ₹449.6 Cr | ₹436.95 Cr | -₹3,611.6 Cr | -₹662.11 Cr |
| Total Tax Expense | ₹538.35 Cr | ₹211.7 Cr | -₹39.56 Cr | ₹2.05 Cr | ₹26.71 Cr | -₹894.46 Cr | ₹810.86 Cr |
| Net Profit | ₹1,577.95 Cr | ₹512.97 Cr | ₹259.89 Cr | ₹447.55 Cr | ₹410.24 Cr | -₹2,717.14 Cr | -₹1,472.97 Cr |
| Other Comprehensive Income | -₹37 Lakh | -₹163.5 Cr | -₹82.41 Cr | -₹17.27 Cr | ₹76.87 Cr | ₹19.98 Cr | -₹273.88 Cr |
| Total Comprehensive Income | ₹1,577.58 Cr | ₹349.47 Cr | ₹177.48 Cr | ₹430.28 Cr | ₹487.11 Cr | -₹2,697.16 Cr | -₹1,746.85 Cr |
| EBITDA (computed) | ₹3,188.58 Cr | ₹1,744.96 Cr | ₹1,200.52 Cr | ₹1,231.37 Cr | ₹1,105.73 Cr | -₹2,765.46 Cr | ₹347.7 Cr |
| Basic EPS | ₹4.53 | ₹1.47 | ₹0.75 | ₹1.29 | ₹1.18 | ₹-7.80 | ₹-4.23 |
| Diluted EPS | ₹4.53 | ₹1.47 | ₹0.75 | ₹1.29 | ₹1.18 | ₹-7.80 | ₹-4.23 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹76,560 Cr | ₹68,479 Cr | ₹59,417 Cr | ₹59,804 Cr |
| Non-current Assets | ₹25,105 Cr | ₹25,720 Cr | ₹24,872 Cr | ₹29,722 Cr |
| Current Assets | ₹51,455 Cr | ₹42,760 Cr | ₹34,546 Cr | ₹30,082 Cr |
| Property, Plant & Equipment | ₹2,933.28 Cr | ₹2,862.46 Cr | ₹2,510.69 Cr | ₹2,408.74 Cr |
| Inventories | ₹13,335 Cr | ₹9,869.49 Cr | ₹7,220.57 Cr | ₹6,755.9 Cr |
| Trade Receivables | ₹6,796.27 Cr | ₹5,884.35 Cr | ₹4,785.38 Cr | ₹3,128.35 Cr |
| Cash & Equivalents | ₹1,435.45 Cr | ₹439.21 Cr | ₹1,835.04 Cr | ₹1,560.52 Cr |
| Equity (Net Worth) | ₹26,516 Cr | ₹25,113 Cr | ₹24,851 Cr | ₹27,262 Cr |
| Equity Share Capital | ₹696.41 Cr | ₹696.41 Cr | ₹696.41 Cr | ₹696.41 Cr |
| Borrowings (Non-current) | ₹168.18 Cr | ₹162.39 Cr | ₹23.55 Cr | ₹33.75 Cr |
| Borrowings (Current) | ₹8,018.77 Cr | ₹8,852.21 Cr | ₹8,832.91 Cr | ₹5,419.76 Cr |
| Total Debt (computed) | ₹8,186.95 Cr | ₹9,014.6 Cr | ₹8,856.46 Cr | ₹5,453.51 Cr |
| Current Liabilities | ₹32,307 Cr | ₹28,231 Cr | ₹25,333 Cr | ₹23,351 Cr |
| Total Liabilities | ₹50,044 Cr | ₹43,366 Cr | ₹34,567 Cr | ₹32,542 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹5,837.38 Cr | ₹2,191.89 Cr | -₹3,712.9 Cr | -₹741.52 Cr | ₹660.27 Cr |
| Investing Cash Flow | -₹3,035.41 Cr | -₹2,730.91 Cr | ₹1,330.86 Cr | ₹1,480.46 Cr | -₹1,125.33 Cr |
| Financing Cash Flow | -₹1,805.73 Cr | -₹856.81 Cr | ₹2,655.74 Cr | ₹88.96 Cr | -₹329.5 Cr |
| Capital Expenditure | ₹589.04 Cr | ₹281.54 Cr | ₹232.5 Cr | ₹188.4 Cr | ₹169.39 Cr |
| Free Cash Flow (computed) | ₹5,248.34 Cr | ₹1,910.35 Cr | -₹3,945.4 Cr | -₹929.92 Cr | ₹490.88 Cr |
| Dividends Paid | ₹174.64 Cr | ₹87.44 Cr | ₹139.45 Cr | ₹139.18 Cr | ₹30 Lakh |
| Net Change in Cash | ₹996.24 Cr | -₹1,395.83 Cr | ₹273.7 Cr | ₹827.9 Cr | -₹794.56 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹12,310 Cr | ₹8,473.1 Cr | ₹7,511.8 Cr | ₹5,486.91 Cr | ₹8,993.37 Cr | ₹7,277.09 Cr | ₹6,584.1 Cr | ₹5,484.92 Cr | ₹8,260.25 Cr | ₹5,503.81 Cr | ₹5,125.29 Cr | ₹5,003.43 Cr |
| Other Income | ₹252.12 Cr | ₹227.08 Cr | ₹181.75 Cr | ₹185.44 Cr | ₹158.79 Cr | ₹116.24 Cr | ₹118.41 Cr | ₹109.95 Cr | ₹164.92 Cr | ₹104.15 Cr | ₹196.75 Cr | ₹122.1 Cr |
| Total Income | ₹12,562 Cr | ₹8,700.18 Cr | ₹7,693.55 Cr | ₹5,672.35 Cr | ₹9,152.16 Cr | ₹7,393.33 Cr | ₹6,702.51 Cr | ₹5,594.87 Cr | ₹8,425.17 Cr | ₹5,607.96 Cr | ₹5,322.04 Cr | ₹5,125.53 Cr |
| Cost of Materials Consumed | ₹8,346.12 Cr | ₹6,058.8 Cr | ₹5,741.38 Cr | ₹4,127.98 Cr | ₹6,978.8 Cr | ₹4,894.91 Cr | ₹4,788.68 Cr | ₹3,725.08 Cr | ₹5,755.48 Cr | ₹3,939.48 Cr | ₹3,974.35 Cr | ₹3,316.63 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹325.48 Cr | -₹196.4 Cr | -₹527.87 Cr | -₹241.44 Cr | -₹1,025.53 Cr | -₹310.73 Cr | -₹358.55 Cr | ₹152.49 Cr | -₹234.9 Cr | ₹1.92 Cr | -₹347.8 Cr | ₹144.04 Cr |
| Employee Benefit Expense | ₹1,994.48 Cr | ₹1,530.71 Cr | ₹1,479.97 Cr | ₹1,462.46 Cr | ₹1,539.36 Cr | ₹1,482.03 Cr | ₹1,467.17 Cr | ₹1,434.86 Cr | ₹1,484.68 Cr | ₹1,442.01 Cr | ₹1,282.11 Cr | ₹1,420.04 Cr |
| Finance Costs | ₹197.52 Cr | ₹182.47 Cr | ₹195.21 Cr | ₹181.21 Cr | ₹201.43 Cr | ₹183.78 Cr | ₹201.38 Cr | ₹161.74 Cr | ₹193.32 Cr | ₹189.6 Cr | ₹180.41 Cr | ₹167.96 Cr |
| Depreciation & Amortisation | ₹87.9 Cr | ₹77.99 Cr | ₹75.46 Cr | ₹74.52 Cr | ₹85.02 Cr | ₹67.88 Cr | ₹60.09 Cr | ₹58.97 Cr | ₹68.4 Cr | ₹60.6 Cr | ₹59.91 Cr | ₹59.99 Cr |
| Other Expenses | ₹542.15 Cr | ₹534.69 Cr | ₹237.39 Cr | ₹675.05 Cr | ₹669.06 Cr | ₹906.64 Cr | ₹411.8 Cr | ₹341.84 Cr | ₹527.13 Cr | ₹183.26 Cr | ₹604.34 Cr | ₹486.81 Cr |
| Total Expenses | ₹10,843 Cr | ₹8,188.26 Cr | ₹7,201.54 Cr | ₹6,279.78 Cr | ₹8,448.14 Cr | ₹7,224.51 Cr | ₹6,570.57 Cr | ₹5,874.98 Cr | ₹7,794.11 Cr | ₹5,816.87 Cr | ₹5,753.32 Cr | ₹5,595.47 Cr |
| Profit Before Exceptional Items & Tax | ₹1,719.8 Cr | ₹511.92 Cr | ₹492.01 Cr | -₹607.43 Cr | ₹704.02 Cr | ₹168.82 Cr | ₹131.94 Cr | -₹280.11 Cr | ₹631.06 Cr | -₹208.91 Cr | -₹431.28 Cr | -₹469.94 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,719.8 Cr | ₹511.92 Cr | ₹492.01 Cr | -₹607.43 Cr | ₹704.02 Cr | ₹168.82 Cr | ₹131.94 Cr | -₹280.11 Cr | ₹631.06 Cr | -₹208.91 Cr | -₹431.28 Cr | -₹469.94 Cr |
| Total Tax Expense | ₹437.12 Cr | ₹129.43 Cr | ₹124.34 Cr | -₹152.54 Cr | ₹199.97 Cr | ₹44.05 Cr | ₹35.27 Cr | -₹67.59 Cr | ₹146.7 Cr | -₹46.14 Cr | -₹197.87 Cr | -₹118.27 Cr |
| Net Profit | ₹1,282.68 Cr | ₹382.49 Cr | ₹367.67 Cr | -₹454.89 Cr | ₹504.05 Cr | ₹124.77 Cr | ₹96.67 Cr | -₹212.52 Cr | ₹484.36 Cr | -₹162.77 Cr | -₹233.41 Cr | -₹351.67 Cr |
| Other Comprehensive Income | ₹100.64 Cr | -₹33.67 Cr | -₹33.67 Cr | -₹33.67 Cr | -₹92 Cr | -₹23.83 Cr | -₹23.84 Cr | -₹23.83 Cr | -₹45.87 Cr | -₹12.18 Cr | -₹12.18 Cr | -₹12.18 Cr |
| Total Comprehensive Income | ₹1,383.32 Cr | ₹348.82 Cr | ₹334 Cr | -₹488.56 Cr | ₹412.05 Cr | ₹100.94 Cr | ₹72.83 Cr | -₹236.35 Cr | ₹438.49 Cr | -₹174.95 Cr | -₹245.59 Cr | -₹363.85 Cr |
| EBITDA (computed) | ₹2,005.22 Cr | ₹772.38 Cr | ₹762.68 Cr | -₹351.7 Cr | ₹990.47 Cr | ₹420.48 Cr | ₹393.41 Cr | -₹59.4 Cr | ₹892.78 Cr | ₹41.29 Cr | -₹190.96 Cr | -₹241.99 Cr |
| Basic EPS | ₹3.68 | ₹1.10 | ₹1.06 | ₹-1.31 | ₹1.45 | ₹0.36 | ₹0.28 | ₹-0.61 | ₹1.39 | ₹-0.47 | ₹-0.67 | ₹-1.01 |
| Diluted EPS | ₹3.68 | ₹1.10 | ₹1.06 | ₹-1.31 | ₹1.45 | ₹0.36 | ₹0.28 | ₹0.61 | ₹1.39 | ₹-0.47 | ₹-0.67 | ₹-1.01 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Power | ₹9,509.85 Cr | ₹1,869.9 Cr | ₹49,209 Cr | ₹32,518 Cr |
| Industry | ₹2,800.52 Cr | ₹673.03 Cr | ₹10,542 Cr | ₹7,735.31 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Power | ₹25,407 Cr | ₹2,451.24 Cr | - | - |
| Industry | ₹8,375.47 Cr | ₹1,684.07 Cr | - | - |
Shareholding Pattern of Bharat Heavy Electricals Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 58.17%, foreign institutional investors hold 7.23%, domestic institutional investors hold 23.98%, retail and other public shareholders hold 10.62% of Bharat Heavy Electricals Limited. The company had 1,755,262 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 58.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% |
| Public | 41.83% | 36.83% | 36.83% | 36.83% | 36.83% | 36.83% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 58.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.17% | 63.06% | 63.06% | 63.06% |
| Public | 41.83% | 36.83% | 36.83% | 36.83% | 36.83% | 36.83% | 36.83% | 36.83% | 36.94% | 36.94% | 36.94% |
| Promoter change (YoY, %pts) | -5.00 | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | +0.11 | +0.00 | +0.00 | - |
Board & Governance of Bharat Heavy Electricals Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Bharat Heavy Electricals Limited has 11 directors - 3 independent and 6 executive. The board is chaired by K S Murthy.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| K S Murthy | Executive Director · MD · Chairperson | 2023-11-01 | 1 |
| Asit Gopal | Non-Executive - Nominee Director | 2026-02-03 | 4 |
| Vijay Mittal | Non-Executive - Nominee Director | 2022-03-25 | 2 |
| Ramesh Patlya Mawaskar | Non-Executive - Independent Director | 2023-06-08 | 1 |
| Ashok Kumar Aseri | Non-Executive - Independent Director | 2025-03-29 | 1 |
| Aashish Chaturvedi | Non-Executive - Independent Director | 2025-03-29 | 1 |
| Krishna Kumar Thakur | Executive Director | 2023-07-04 | 1 |
| Tajinder Gupta | Executive Director | 2023-09-20 | 1 |
| Bani Varma | Executive Director | 2023-10-09 | 1 |
| Rajesh Kumar Dwivedi | Executive Director | 2024-06-19 | 1 |
| S M Ramanathan | Executive Director | 2025-04-30 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Ramesh Patlya Mawaskar (Chairperson), Ashok Kumar Aseri, Aashish Chaturvedi |
| Nomination and remuneration committee | Ramesh Patlya Mawaskar (Chairperson), Vijay Mittal, Ashok Kumar Aseri |
| Stakeholders Relationship Committee | Ashok Kumar Aseri (Chairperson), Ramesh Patlya Mawaskar (Chairperson), Krishna Kumar Thakur, Tajinder Gupta, Bani Varma, Rajesh Kumar Dwivedi |
| Risk Management Committee | Vijay Mittal (Chairperson), Aashish Chaturvedi, Ramesh Patlya Mawaskar, Krishna Kumar Thakur, Tajinder Gupta, Bani Varma, Rajesh Kumar Dwivedi, S M Ramanathan, Jitendra Das, Shyamala Venkataraman |
| Corporate Social Responsibility Committee | Ramesh Patlya Mawaskar (Chairperson), Krishna Kumar Thakur, Tajinder Gupta, Rajesh Kumar Dwivedi |
Group Structure of Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited has 3 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Bharat Heavy Electricals Limited's business expansion strategy and organizational complexity.
Charges & Borrowings of Bharat Heavy Electricals Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 1993 | State Bank of India | ₹70,500 Cr | Open |
| 08 Jun 1993 | State Bank of India | ₹9,500 Cr | Open |
| 19 Nov 2003 | Canara Bank | ₹15 Cr | Satisfied |
| 15 Nov 2001 | Canara Bank | ₹500 Cr | Satisfied |
| 20 May 2000 | Idbi Bank Limited | ₹3 Cr | Satisfied |
Total charge records: 27 View all charges
Employees and EPFO Compliance at Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited has a workforce of 19,632 employees as of Mar 31, 2024.
Employee Count & EPFO Data of Bharat Heavy Electricals Limited
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GST Compliance of Bharat Heavy Electricals Limited
GSTIN & GST Filing Data of Bharat Heavy Electricals Limited
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Credit Ratings, Litigation & Regulatory Alerts for Bharat Heavy Electricals Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Bharat Heavy Electricals Limited
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MSME Payment Delays by Bharat Heavy Electricals Limited
MSME Payment Delays by Bharat Heavy Electricals Limited
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Subsidiaries & Group Companies of Bharat Heavy Electricals Limited
Subsidiaries & Group Companies of Bharat Heavy Electricals Limited
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MCA Filings & Documents of Bharat Heavy Electricals Limited
MCA Filings & Documents of Bharat Heavy Electricals Limited
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Recent Activity on Bharat Heavy Electricals Limited
Recent News on Bharat Heavy Electricals Limited
Frequently Asked Questions about Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited is an active public limited union government company in the energy and power sector based in New Delhi, Delhi, India. It was incorporated on 13 November 1964 (62+ years old) and is registered under CIN L74899DL1964GOI004281. Listed on BSE: 500103 and NSE: BHEL. The company has 19,632 employees.
Bharat Heavy Electricals Limited reported revenue of ₹28,805 Cr for FY 2025 (up 18.00% YoY).
The current directors of Bharat Heavy Electricals Limited are:
The primary industry of Bharat Heavy Electricals Limited is energy and power. The company specifically operates in power equipment manufacturers. The company is currently active in this sector.
Yes. Bharat Heavy Electricals Limited is listed on both BSE (code: 500103) and NSE (symbol: BHEL).
Bharat Heavy Electricals Limited can be reached at the registered office: Bhel House Siri Fort, New Delhi, Delhi, India – 110049, or through the website bhel.com.