Bharat Heavy Electricals Ltd.
NSE: BHELBharat Heavy Electricals Ltd.: A 30-second snapshot
BHEL trades at 407, up 70.1% over the past year and currently above both its 50-day (402.01) and 200-day (314.03) moving averages, with RSI at a neutral 51. Trailing PE is 58.39 versus a forward PE of 29.58, against a quality score of 40/100 and a mean analyst rating of 2.8 across 20 analysts (1-5 scale, lower = more constructive). Recent news flow (8 articles, 5 positive, 0 negative) centers on Q1 results, a new international turbine order, and product diversification.
P/E
58.4
Forward P/E
29.6
ROE
—
Debt / Equity
31.31
Profit Margin
+6.8%
Div. Yield
+0.3%
5Y ROE > 15%
0/5
5Y FCF > 0
2/5
Quality
56/100
News
8 headlines · 5 positive · 0 negative
BHEL bags order for 8 gas turbines from Nigeria's Dangote Refinery - economictimes.com
economictimes.com
BHEL Q1 Results Today: Check Time, Dividend, Earnings Call, What To Expect - NDTV Profit
NDTV Profit
BHEL Q1 Results: 40% revenue growth contributes to profitability return; Power biz leads - CNBC TV18
CNBC TV18
BHEL to end its 8-year Q1 loss streak? China impact, share price target - Business Today
Business Today
BHEL to make India's first indigenous fast chargers for electric trucks and buses - livemint.com
livemint.com
Recent context
- ·BHEL reported Q1 results around mid-July 2026; CNBC TV18 covered 40% revenue growth and a return to profitability in the power business, while NDTV Profit previewed the print the same day.
- ·BHEL secured an order for 8 gas turbines from Nigeria's Dangote Refinery, reported by economictimes.com on July 29, 2026.
- ·Livemint reported on July 17, 2026 that BHEL is developing an indigenous fast-charger program for electric trucks and buses.
Strengths
- +Revenue grew 40.3% over the trailing five years.
- +Price is up 70.1% over the past year and trades above both the 50-day and 200-day moving averages, with RSI at a neutral 51 rather than overbought.
- +Recent news flow skews positive: 5 of 8 tracked articles positive and 0 negative, including a new order for 8 gas turbines from Nigeria's Dangote Refinery and an EV fast-charger development program.
- +Debt-to-equity is 0.31x on the corrected (percent-to-multiple) basis, low in absolute terms relative to typical industrial manufacturers.
Weaknesses
- −Quality score of 40/100 and consistency score of 39 rank in the lower half of the 6-name infrastructure peer set (4th of 6 on quality score); ROE has not exceeded 15% in any recorded year and current-period ROE is not reported.
- −Despite low absolute leverage, the persistence dataset records the debt trend as rising, and free cash flow has been positive in only 2 of the recorded years.
- −Price sits roughly 29.6% above the 200-day moving average after a 70.1% one-year rally; the nearest support level (384.86) is only 5.4% below the current price.
- −ROE data is unavailable for the current period for BHEL and for 4 of the 5 listed sector peers, limiting direct return-on-equity comparison.
Open questions
- ?Does the 40.3% five-year revenue growth reflect broad-based order execution, or is it concentrated in a small number of large contracts such as the recent Dangote turbine order?
- ?With free cash flow positive in only 2 of the recorded years, what operational changes would be needed to sustain positive free cash flow generation?
- ?What specific earnings improvement is priced into the gap between the trailing PE (58.39) and forward PE (29.58), given a quality score of 40/100?
- ?What is driving the rising debt trend recorded in the persistence data even though current absolute leverage (0.31x) is low, and over what time frame is that trend expected to play out?
Peer comparison: Infrastructure
Ranks 4 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| BHEL | Bharat Heavy Electricals Ltd.You're viewing | 58.4 | — | 40 |
| Industry avg | across 5 peers | 70.3 | +29.5% | 47 |
| CUMMINSIND | Cummins India Ltd. | 64.7 | +29.5% | 65 |
| BEL | Bharat Electronics Ltd. | 46.2 | — | 50 |
| ABB | ABB India Ltd. | 98.9 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 109.2 | — | 38 |
| LT | Larsen & Toubro Ltd. | 32.7 | — | 37 |
Technical state
Current price
₹407.00
SMA 50
₹402.01
SMA 200
₹314.03
RSI (14)
51.0 (neutral)
From 52w high
-8.8%
1Y return
+70.1%
3M return
+5.8%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumQuality score of 40/100 and consistency score of 39 place BHEL toward the bottom of its 6-name infrastructure peer set (rank 4 of 6 on quality score). ROE has not exceeded 15% in any recorded year (roeYearsAbove15 = 0) and current-period ROE is not reported; profit margin is 6.76%.
- mediumDebt-to-equity is 0.31x (the raw Yahoo field of 31.312 is percentage-scaled, not an x-multiple) -- low in absolute terms. However, the persistence dataset records debtTrend as rising, and free cash flow has been positive in only 2 of the recorded years.
- lowPrice of 407 sits about 29.6% above the 200-day moving average (314.03) after a 70.1% one-year rally, though RSI of 51 is neutral rather than overbought. Nearest support (384.86) is 5.4% below the current price.
- lowCurrent-period ROE is not reported for BHEL, and ROE is also missing for 4 of the 5 listed sector peers (BEL, LT, ABB, CGPOWER), limiting like-for-like return-on-equity comparison within the sector table.
Cross-section contradictions
- Revenue grew 40.3% over five years, but profit margin remains 6.76%, free cash flow has been positive in only 2 of the recorded years, and ROE has not exceeded 15% in any recorded year -- growth has outpaced measured profitability and cash conversion.
- Price is up 70.1% over the past year and trades above both the 50-day and 200-day moving averages, while the quality score (40/100) and consistency score (39) remain in the lower half of the sector peer set -- price strength has moved well ahead of the fundamental quality metrics captured here.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 12 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Aug 2026 · rotates through NIFTY 500 every ~5 days