Stocktoria
Bharat Heavy Electricals Limited BHEL.NS
Bharat Heavy Electricals Limited statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹88.16); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
Bharat Heavy Electricals Limited trades at about 83.4× earnings — below its 10-year norm (10-year range 41.7×–347.8×, median 148.3×).
Shaded band = 10-year range (41.7×–347.8×); dot = today's 83.4×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Gross margin | 32.0% | 33.5% | 26.7% | 26.4% |
| Operating margin | 6.0% | 3.4% | 0.8% | 0.4% |
| Net margin | 4.7% | 1.9% | 1.2% | 2.9% |
| FCF margin | 15.5% | 6.7% | -17.2% | -4.2% |
| Return on assets | 2.1% | 0.8% | 0.5% | 1.1% |
| Return on equity | 6.1% | 2.2% | 1.2% | 2.6% |
| Current ratio | 1.59 | 1.51 | 1.37 | 1.24 |
Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.