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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 18, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Market Capitalization	908,993	752,300	860,766	244,197	171,840	169,751
Market Cap Growth	32.99%	-12.60%	252.49%	42.11%	1.23%	134.38%
Enterprise Value	937,144	792,529	895,940	234,513	158,413	155,520
Last Close Price	261.60	215.98	246.57	69.56	48.70	48.11
PE Ratio	111.64	140.91	305.00	37.33	38.53	-
PS Ratio	2.98	2.66	3.60	1.05	0.81	0.98
PB Ratio	3.73	3.04	3.52	1.00	0.65	0.65
P/TBV Ratio	3.75	3.06	3.54	1.00	0.65	0.66
P/FCF Ratio	-	39.38	-	-	35.01	54.83
P/OCF Ratio	-	34.32	-	-	26.03	30.32
EV/Sales Ratio	3.08	2.80	3.75	1.00	0.75	0.90
EV/EBITDA Ratio	72.46	75.07	180.11	50.02	25.41	-
EV/EBIT Ratio	90.49	93.99	324.55	97.10	45.04	-
EV/FCF Ratio	-	41.49	-	-	32.27	50.23
Debt / Equity Ratio	0.45	0.37	0.36	0.22	0.18	0.19
Debt / EBITDA Ratio	8.85	8.14	16.87	10.87	7.25	-
Debt / FCF Ratio	-	4.72	-	-	9.84	15.99
Net Debt / Equity Ratio	0.12	0.08	0.13	-0.04	-0.08	-0.07
Net Debt / EBITDA Ratio	2.37	1.85	6.60	-2.05	-3.39	0.53
Net Debt / FCF Ratio	-	1.02	-0.83	1.03	-4.31	-5.61
Asset Turnover	-	0.45	0.41	0.41	0.38	0.30
Inventory Turnover	-	2.23	2.43	2.47	2.17	1.49
Quick Ratio	-	1.12	1.03	0.91	0.95	0.98
Current Ratio	-	1.52	1.37	1.24	1.30	1.39
Return on Equity (ROE)	-	2.17%	1.16%	2.57%	1.70%	-9.88%
Return on Assets (ROA)	-	0.83%	0.30%	0.27%	0.39%	-3.99%
Return on Invested Capital (ROIC)	2.63%	2.22%	1.08%	0.92%	1.37%	-14.23%
Return on Capital Employed (ROCE)	-	2.10%	0.80%	0.70%	1.00%	-10.50%
Earnings Yield	0.90%	0.71%	0.33%	2.68%	2.60%	-15.89%
FCF Yield	-	2.54%	-4.58%	-3.81%	2.86%	1.82%
Dividend Yield	0.19%	0.23%	0.10%	0.57%	0.82%	-
Payout Ratio	-	16.38%	49.41%	21.28%	0.07%	-
Buyback Yield / Dilution	8.73%	-	-	-	-	-
Total Shareholder Return	8.92%	0.23%	0.10%	0.57%	0.82%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.