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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Bharat Heavy Electricals Limited is an engineering and manufacturing company. The Company offers comprehensive products, systems, and services in various areas, including power generation (thermal, hydro, gas, nuclear, and solar photovoltaic), transmission, transportation,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, reasonably priced.
BHEL is scored on the general / industrial framework. It keeps a slim 4.6% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 3.65× reported profit. Free cash flow is worth about 1.9% of its market value.
Over the last 3 years revenue compounded at 13%/yr and profit at 35%/yr. Book value has been broadly flat (2.4%/yr). Return on equity is a modest 10.8%. In the latest quarter profit grew 118% versus the prior quarter.
At 91× earnings, the stock sits at the 30th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~22%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 50.67 | — | — |
| P/B | 5.45 | 5.05 | worse |
| EV/EBITDA | 29.29 | 12.75 | worse |
| ROE | 10.76 | 10.19 | better |
| ROCE | 8.95 | 12.02 | worse |
| ROA | 3.75 | 4.74 | worse |
| Quick Ratio | 1.18 | 3.69 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| ABB India | 70.7 | 47.9 | 22.4% |
| CG Power | 89.3 | 13.9 | 15.7% |
| Hitachi Energy India | 107.7 | 23.9 | 19.1% |
Revenue has grown every year across all 4 financial years shown. 13% CAGR over 3 years — steady double-digit compounder.
Profit is growing faster than revenue (35% vs 13%) — margin expansion is at work. The latest year saw a +200% swing — check if it's a one-off or structural.
Operating margin has expanded from 3% to 6% — the business is keeping more of each rupee earned.
ROE at 6% — modest; the capital isn't working hard.
35% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 3.6× PAT — earnings are well-backed by cash; strong accrual quality. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 21% sequentially — momentum is building. Wide quarterly swings (37% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 18% below earlier ones.
Profit jumped 118% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (4% → 9%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 58.2% — majority control intact. Promoters reduced 5.0pp over 4 quarters — watch whether this is planned divestment or pledge invocations. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction. MF holding up 2.4pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.