Bharat Heavy Electricals Limited (BOM:500103)

Bharat Heavy Electricals Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Total Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	1,417,722	855,021	752,300	860,766	244,197	171,840
Market Cap Growth	68.52%	13.65%	-12.60%	252.49%	42.11%	1.23%
Enterprise Value	1,387,575	883,172	792,529	895,940	234,513	158,413
Last Close Price	407.15	244.76	214.90	245.68	69.42	48.54

Price Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	58.33	53.43	140.91	305.00	37.33	38.53
Forward PE	50.45	30.94	34.29	73.71	137.51	30.14
PS Ratio	3.94	2.53	2.66	3.60	1.05	0.81
PB Ratio	5.42	3.27	3.04	3.52	1.00	0.65
P/TBV Ratio	5.46	3.29	3.06	3.54	1.00	0.65
P/FCF Ratio	27.01	16.29	39.84	-	-	35.01
P/OCF Ratio	24.29	14.65	34.31	-	-	26.03
PEG Ratio	0.99	0.34	0.29	0.86	3.27	5.06

EV Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
EV/Sales Ratio	3.86	2.61	2.80	3.75	1.00	0.75
EV/EBITDA Ratio	46.28	48.36	74.53	180.11	50.02	25.41
EV/EBIT Ratio	51.62	55.34	93.99	324.55	97.10	45.04
EV/FCF Ratio	26.44	16.83	41.98	-	-	32.27

Financial Efficiency

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Debt / Equity Ratio	0.31	0.31	0.37	0.36	0.22	0.18
Debt / EBITDA Ratio	2.79	4.30	8.08	16.87	10.87	7.25
Debt / FCF Ratio	-	1.56	4.77	-	-	9.84
Net Debt / Equity Ratio	-0.11	-0.11	0.08	0.13	-0.04	-0.08
Net Debt / EBITDA Ratio	-1.05	-1.65	1.84	6.60	-2.05	-3.39
Net Debt / FCF Ratio	-	-0.57	1.04	-0.83	1.03	-4.31
Asset Turnover	-	0.47	0.45	0.41	0.41	0.38
Inventory Turnover	-	2.00	2.23	2.43	2.47	2.17
Quick Ratio	-	1.12	1.12	1.03	0.91	0.95
Current Ratio	-	1.59	1.52	1.37	1.24	1.30
Return on Equity (ROE)	-	6.29%	2.17%	1.16%	2.57%	1.70%
Return on Assets (ROA)	-	1.38%	0.83%	0.30%	0.27%	0.39%
Return on Invested Capital (ROIC)	8.50%	4.79%	2.22%	1.08%	0.92%	1.37%
Return on Capital Employed (ROCE)	-	3.60%	2.10%	0.80%	0.70%	1.00%

Yields

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings Yield	1.72%	1.87%	0.71%	0.33%	2.68%	2.60%
FCF Yield	3.70%	6.14%	2.51%	-4.58%	-3.81%	2.86%
Dividend Yield	0.34%	0.57%	0.23%	0.10%	0.58%	0.82%
Payout Ratio	-	10.91%	16.38%	49.41%	21.28%	0.07%
Total Shareholder Return	0.35%	0.57%	0.23%	0.10%	0.58%	0.82%

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 1, 2026

Data Sources Report a data error