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Bharat Heavy Electricals Limited BHEL.NS
IN · National Stock Exchange of India · XNSE · stock · Industrials · website
Bharat Heavy Electricals Limited financials (annual)
Bars are annual figures from 2023 to 2026; red bars are negative (a loss or cash outflow).
| Metric | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue | ₹337.8B | ₹283.4B | ₹229.2B | ₹221.4B |
| Gross profit | ₹108.0B | ₹94.9B | ₹61.1B | ₹58.4B |
| R&D expense | — | ₹273.2M | ₹234.4M | ₹242.8M |
| SG&A expense | — | ₹5.1B | ₹4.0B | ₹4.1B |
| Operating income | ₹20.3B | ₹9.7B | ₹1.8B | ₹965.0M |
| Interest expense | ₹7.6B | ₹7.5B | ₹7.3B | ₹5.2B |
| Income tax | ₹5.4B | ₹2.1B | -₹395.6M | ₹614.9M |
| Net income | ₹16.0B | ₹5.3B | ₹2.8B | ₹6.4B |
| EPS (diluted) | ₹4.60 | ₹1.53 | ₹0.81 | ₹1.88 |
| Operating cash flow | ₹58.4B | ₹21.9B | -₹37.1B | -₹7.4B |
| Free cash flow | ₹52.5B | ₹18.9B | -₹39.5B | -₹9.3B |
| Cash & equivalents | ₹14.4B | ₹3.9B | ₹17.2B | ₹14.5B |
| Inventory | ₹133.3B | ₹98.7B | ₹72.2B | ₹67.6B |
| Total assets | ₹761.9B | ₹680.8B | ₹590.0B | ₹569.2B |
| Total debt | ₹81.9B | ₹90.1B | ₹88.6B | ₹54.5B |
| Total liabilities | ₹500.4B | ₹433.6B | ₹345.6B | ₹325.4B |
| Shareholders' equity | ₹261.5B | ₹247.2B | ₹244.4B | ₹243.8B |
Growth · year-over-year · Revenue CAGR 15.1%
| Metric | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue growth | +19.2% | +23.6% | +3.5% | — |
| Net income growth | +199.7% | +89.2% | -55.7% | — |
| EPS growth | +200.7% | +88.9% | -56.9% | — |
| Free cash flow growth | +178.0% | — | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.