Bharat Heavy Electricals Ratios and Metrics

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 8, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Market Capitalization	1,397,352	855,021	752,300	860,766	244,197	171,840
Market Cap Growth	76.40%	13.65%	-12.60%	252.49%	42.11%	1.23%
Enterprise Value	1,360,555	883,172	792,529	895,940	234,513	158,413
Last Close Price	401.30	245.55	215.60	246.47	69.64	48.70
PE Ratio	87.24	53.43	140.91	305.00	37.33	38.53
Forward PE	46.14	14.15	14.15	14.15	14.15	14.15
PS Ratio	4.14	2.53	2.66	3.60	1.05	0.81
PB Ratio	5.34	3.27	3.04	3.52	1.00	0.65
P/TBV Ratio	5.38	3.29	3.06	3.54	1.00	0.65
P/FCF Ratio	26.62	16.29	39.38	-	-	35.01
P/OCF Ratio	23.94	14.65	34.32	-	-	26.03
PEG Ratio	0.50	0.58	0.58	0.58	0.58	0.58
EV/Sales Ratio	4.03	2.61	2.80	3.75	1.00	0.75
EV/EBITDA Ratio	56.61	37.71	75.07	180.11	50.02	25.41
EV/EBIT Ratio	65.18	43.59	93.99	324.55	97.10	45.04
EV/FCF Ratio	25.92	16.83	41.49	-	-	32.27
Debt / Equity Ratio	0.31	0.31	0.37	0.36	0.22	0.18
Debt / EBITDA Ratio	3.50	3.50	8.14	16.87	10.87	7.25
Debt / FCF Ratio	1.56	1.56	4.72	-	-	9.84
Net Debt / Equity Ratio	-0.14	-0.14	0.08	0.13	-0.04	-0.08
Net Debt / EBITDA Ratio	-1.57	-1.57	1.85	6.60	-2.05	-3.39
Net Debt / FCF Ratio	-0.70	-0.70	1.02	-0.83	1.03	-4.31
Asset Turnover	0.47	0.47	0.45	0.41	0.41	0.38
Inventory Turnover	1.98	1.98	2.23	2.43	2.47	2.17
Quick Ratio	0.58	0.58	1.12	1.03	0.91	0.95
Current Ratio	1.59	1.59	1.52	1.37	1.24	1.30
Return on Equity (ROE)	6.29%	6.29%	2.17%	1.16%	2.57%	1.70%
Return on Assets (ROA)	1.76%	1.76%	0.83%	0.30%	0.27%	0.39%
Return on Invested Capital (ROIC)	6.10%	6.17%	2.22%	1.08%	0.92%	1.37%
Return on Capital Employed (ROCE)	4.60%	4.60%	2.10%	0.80%	0.70%	1.00%
Earnings Yield	1.15%	1.87%	0.71%	0.33%	2.68%	2.60%
FCF Yield	3.76%	6.14%	2.54%	-4.58%	-3.81%	2.86%
Dividend Yield	0.35%	0.57%	0.23%	0.10%	0.57%	0.82%
Payout Ratio	10.91%	10.91%	16.38%	49.41%	21.28%	0.07%
Buyback Yield / Dilution	0.09%	0.09%	-	-	-	-
Total Shareholder Return	0.44%	0.66%	0.23%	0.10%	0.57%	0.82%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.