ScoreWhy is Bharat Heavy Electricals Ltd. ?
1
Company has a low Debt to Equity ratio (avg) at 0.03 times
2
Healthy long term growth as Net Sales has grown by an annual rate of 14.31% and Operating profit at 20.69%
3
With a growth in Net Profit of 157.56%, the company declared Outstanding results in Mar 26
- The company has declared positive results for the last 2 consecutive quarters
- ROCE(HY) Highest at 8.43%
- OPERATING PROFIT TO INTEREST(Q) Highest at 8.88 times
- CASH AND CASH EQUIVALENTS(HY) Highest at Rs 11,866.62 cr
4
Stock is technically in a Bullish range
- The technical trend has improved from Mildly Bullish on 20-Apr-26 and has generated 28.79% returns since then
- Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST, DOW and OBV
5
High Institutional Holdings at 31.21%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
- Their stake has increased by 5.15% over the previous quarter.
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to BHEL should be less than 10%
- Overall Portfolio exposure to Heavy Electrical Equipment should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Heavy Electrical Equipment)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is BHEL for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
BHEL
83.88%
1.82
35.59%
Sensex
-1.65%
-0.49
12.94%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
14.59%
EBIT Growth (5y)
24.67%
EBIT to Interest (avg)
1.64
Debt to EBITDA (avg)
8.09
Net Debt to Equity (avg)
-0.14
Sales to Capital Employed (avg)
0.76
Tax Ratio
25.25%
Dividend Payout Ratio
30.46%
Pledged Shares
0
Institutional Holding
31.95%
ROCE (avg)
1.73%
ROE (avg)
2.54%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
59
Industry P/E
55
Price to Book Value
5.45
EV to EBIT
45.40
EV to EBITDA
41.06
EV to Capital Employed
6.18
EV to Sales
3.86
PEG Ratio
0.08
Dividend Yield
0.36%
ROCE (Latest)
9.02%
ROE (Latest)
6.12%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Bullish
No Trend
OBV
No Trend
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend32What is working for the Company
OPERATING CF(Y)
Highest at Rs 5,837.38 Cr
PBT LESS OI(Q)
At Rs 293.56 cr has Grown at 137.67%
PAT(Q)
At Rs 376.71 cr has Grown at 182.7%
ROCE(HY)
Highest at 8.43%
NET SALES(Q)
At Rs 7,697.72 cr has Grown at 40.29%
DPS(Y)
Highest at Rs 1.40
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 11,866.62 cr
DEBT-EQUITY RATIO(HY)
Lowest at 0.31 times
DEBTORS TURNOVER RATIO(HY)
Highest at 4.97 times
-1What is not working for the Company
NON-OPERATING INCOME(Q)
is 42.18 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for BHEL
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 293.56 cr has Grown at 137.67%
Year on Year (YoY)MOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 376.71 cr has Grown at 182.7%
Year on Year (YoY)MOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Operating Cash Flow - Annually
Highest at Rs 5,837.38 Cr and Grown
each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (Rs Cr)
Net Sales - Quarterly
At Rs 7,697.72 cr has Grown at 40.29%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Cash and Cash Equivalents - Half Yearly
Highest at Rs 11,866.62 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio - Half Yearly
Lowest at 0.31 times
in the last five half yearly periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Debtors Turnover Ratio- Half Yearly
Highest at 4.97 times
in the last five half yearly periodsMOJO Watch
Company has been able to settle its Debtors faster
Debtors Turnover Ratio
Dividend per Share (DPS) - Annually
Highest at Rs 1.40
in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (Rs)
Here's what is not working for BHEL
Non Operating Income - Quarterly
is 42.18 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT
