Bharat Heavy Electricals Limited (NSE:BHEL)
India flag India · Delayed Price · Currency is INR
433.60
+4.00 (0.93%)
Oct 9, 2026, 3:15 PM IST

Bharat Heavy Electricals Stock Forecast

Stock Price Forecast

According to 20 analysts polled by S&P Global, Bharat Heavy Electricals stock has a consensus rating of "Hold" and an average price target of ₹398.75. The average 1-year stock price forecast is 8.04% lower than the current stock price, while the lowest is ₹140.00 (-67.71%) and the highest is ₹575.00 (+32.61%).

Price Target: ₹398.75 (-8.04%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price₹140.00₹398.75₹475.00₹575.00
Change-67.71%-8.04%+9.55%+32.61%
* Price targets were last updated on Aug 18, 2026.

Analyst Ratings

The average analyst rating for Bharat Heavy Electricals stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy868888
Buy232222
Hold121111
Sell444444
Strong Sell555555
Total202020202020

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Jefferies
Jefferies
Sell
Maintains
₹220.00 → ₹270.00
SellMaintains₹220.00 → ₹270.00-37.73%Aug 18, 2026
Unknown Analyst
ICICI Securities
No rating
ICICI Securities
Buy
Maintains
₹520.00
BuyMaintains₹520.00+19.93%Jul 18, 2026
J.P. Morgan
J.P. Morgan
Sell
Maintains
₹220.00
SellMaintains₹220.00-49.26%May 6, 2026
Prabhudas Lilladher
Prabhudas Lilladher
Sell
Downgrades
₹321.00
SellDowngrades₹321.00-25.97%May 5, 2026

Financial Forecast

Revenue This Year
437.11B
from 337.82B
Increased by 29.39%
Revenue Next Year
531.87B
from 437.11B
Increased by 21.68%
EPS This Year
9.34
from 4.53
Increased by 106.22%
EPS Next Year
13.63
from 9.34
Increased by 45.89%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingMar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025Mar 31, 2026Mar 31, 2027
Revenue
212.11B233.65B238.93B283.39B337.82B437.11B
Revenue Growth
22.55%10.15%2.26%18.61%19.21%29.39%
Gross Profit
62.89B69.21B69.13B92.77B105.26B145.28B
Gross Margin
29.65%29.62%28.93%32.74%31.16%33.24%
Operating Income
3.52B2.42B2.76B8.43B15.96B43.55B
Net Income
4.46B6.54B2.82B5.34B16.00B33.20B
EPS
----4.539.34
EPS Growth
----196.08%106.22%
Forward PE
-----46.42
Dividend / Share
0.400.400.250.501.402.10
Dividend Growth
---37.50%100.00%180.00%49.81%
Free Cash Flow
----52.61B67.11B
No. Analysts
-----17
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202720282029
High483.1B
Avg437.1B
Low371.2B

Revenue Growth

Revenue Growth202720282029
High
43.0%
Avg
29.4%
Low
9.9%

EPS Forecast

EPS202720282029
High13.00
Avg9.34
Low7.17

EPS Growth

EPS Growth202720282029
High
187.0%
Avg
106.2%
Low
58.3%