NSE: BHEL | BSE: 500103

Strong Performer, Getting Expensive

Download real time

299.50 8.05 (2.76%)

High volume today

NSE 02 Jan, 2026 3:31 PM (IST)

104,287.8

Market Cap

High in industry

Beta 1Year

Very High Volatility

Tax Relief

BHEL gets a Rs 183.8 crore GST relief for FY22 from Telangana Commercial Tax Department See details

Bharat Heavy Electricals Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BHEL, BSE:500103 Bharat Heavy Electricals Ltd.

Search Inside the pdf :

Bharat Heavy Electricals Ltd.

08 Dec 2025

299.50

2.76%

The fundamentals are improving…

Buy: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

BHEL has accumulated a strong orderbook in last three years but execution has been slow. Order inflow (OI) in FY24/25 was INR 780bn/ INR 920bn (vs. average OI of INR 210bn between FY19-23), respectively.

Bharat Heavy Electricals has gained 24.70% in the last 3 Months

Bharat Heavy Electricals Ltd.

18 Nov 2025

299.50

2.76%

BHEL

Buy: Bharat Heavy Electricals Ltd.

Recommendation Target

Geojit BNP Paribas

*over or under performance to benchmark index Bharat Heavy Electricals Ltd (BHEL), a public sector entity, is India's largest engineering company. It supplies power plant equipment such as gas turbines, generators, thermal sets, diesel shunters, turbo sets, hydro sets, power transformers, switchgears, circuit breakers and boilers. It also manufactures compressors, valves, rectifiers, pumps, capacitors and oil rigs, and undertakes castings and forgings. BHEL's Q2FY26 revenue increased 14.1% YoY to Rs. 7,512cr, driven by an 18.0%...

Bharat Heavy Electri.. has an average target of 314.75 from 4 brokers.

Bharat Heavy Electricals Ltd.

30 Oct 2025

299.50

2.76%

BHEL (BHEL IN) Q2FY26 Result Update Healthy Q2...

Hold: Bharat Heavy Electricals Ltd.

Target

Prabhudas Lilladhar

Bharat Heavy Electri.. has an average target of 314.75 from 4 brokers.

Bharat Heavy Electricals Ltd.

30 Oct 2025

299.50

2.76%

Bharat Heavy Electricals Ltd.

Buy: Bharat Heavy Electricals Ltd.

ICICI Direct

The stock is well placed to gain from the need for building base load thermal coupled with strong revenue visibility in the medium term. Q2FY26 performance: BHEL reported strong Q2FY26 results, turning profitable. Revenues grew 14% YoY to 7511 crore. With a drop in Employee benefits and other expenses by 260 and 310 bps YoY, EBITDA more than doubled to 580 crore vs 275 crore last year. With operational performance and rise in other income, PAT grew 3.5x YoY to 368 crore vs 106 crore last year. On a segmental basis Power (76% revenue mix) and Industry (24%) business revenues grew +13% and +18% YoY to...

Bharat Heavy Electricals has gained 28.41% in the last 1 Year

Bharat Heavy Electricals Ltd.

29 Aug 2025

299.50

2.76%

BHEL

Hold: Bharat Heavy Electricals Ltd.

Target

Geojit BNP Paribas

Bharat Heavy Electricals Ltd (BHEL), a public sector entity, is India's largest engineering company. It supplies power plant equipment such as gas turbines, generators, thermal sets, diesel shunters, turbo sets, hydro sets, power transformers, switchgears, circuit breakers and boilers. The company also builds compressors, valves, rectifiers, pumps, capacitors, oil rigs, etc., and undertakes castings and forgings....

Bharat Heavy Electricals Ltd. is trading at high day volume of 13.9M.

Bharat Heavy Electricals Ltd.

07 Aug 2025

299.50

2.76%

BHEL (BHEL IN) Q1FY26 Result Update Dismal Q1;...

Hold: Bharat Heavy Electricals Ltd.

Target

Prabhudas Lilladhar

We revise our FY26/27E EPS estimate by -30.8%/-9.5% factoring in weaker pace of execution and higher other expenses. BHEL reported a dismal quarter with a flattish revenue of Rs54.9bn and an EBITDA level loss of Rs5.4bn due to sharp increase in other expenses. Continued execution challenges in the Power continue to drive robust order inflows, including ~14.6 GW of thermal orders won in FY25 and a Rs65bn equipment order won from Adani Power during the quarter. BHEL's active diversification into transmission, transportation, defense, and Oil & Gas is yielding results with award of the prestigious 6 GW...

Bharat Heavy Electricals has gained 28.41% in the last 1 Year

Bharat Heavy Electricals Ltd.

20 May 2025

299.50

2.76%

BHEL (BHEL IN) Q4FY25 Result Update Muted quarter;...

Hold: Bharat Heavy Electricals Ltd.

Target

Prabhudas Lilladhar

an 8.9% YoY revenue growth despite strong order book, accompanied by a 44bps improvement in EBITDA margin to 9.2%. The company continues to benefit from the government's strong emphasis on thermal capacity addition,...

Number of FII/FPI investors decreased from 514 to 502 in Sep 2025 qtr

Bharat Heavy Electricals Ltd.

18 May 2025

299.50

2.76%

The poster child getting its due

Buy: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

BHEL is the poster child of the Indian thermal power industry. India has recognised the need for building new base load plants despite energy transition.