NSE: BHEL | BSE: 500103

Mid-range Performer

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208.01 -0.50 (-0.24%)

29.12% Fall from 52W High

6.7M NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

72,430.4

Market Cap

High in industry

1.7

Beta 1Year

Very High Volatility

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.

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Bharat Heavy Electricals Ltd.

07 Aug 2025

208.01

-0.24%

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 Ltd. is trading below all available SMAs

Bharat Heavy Electricals Ltd.

20 May 2025

208.01

-0.24%

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,...

Bharat Heavy Electricals Ltd. is trading below all available SMAs

Bharat Heavy Electricals Ltd.

18 May 2025

208.01

-0.24%

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.

Bharat Heavy Electricals Ltd. has lost -28.52% in the last 1 Year

Bharat Heavy Electricals Ltd.

28 Mar 2025

208.01

-0.24%

BHEL

Hold: Bharat Heavy Electricals Ltd.

Recommendation Target

Geojit BNP Paribas

Bharat Heavy Electricals Ltd. has lost -28.52% in the last 1 Year

Bharat Heavy Electricals Ltd.

29 Jan 2025

208.01

-0.24%

BHARAT HEAVY ELECTRI

Accumulate: Bharat Heavy Electricals Ltd.

Recommendation Target

Prabhudas Lilladhar

Bharat Heavy Electricals Ltd. has lost -21.92% in the last 3 Months

Bharat Heavy Electricals Ltd.

20 Nov 2024

208.01

-0.24%

BHEL

Sell: Bharat Heavy Electricals Ltd.

Target

Geojit BNP Paribas

Bharat Heavy Electri.. has an average target of 256.67 from 3 brokers.

Bharat Heavy Electricals Ltd.

23 Sep 2024

208.01

-0.24%

Holding all the aces

Buy: Bharat Heavy Electricals Ltd.

ICICI Securities Limited

Thermal equipment ordering is scaling the summit. In our view, it would be overly hasty to write an obituary for thermal or coal-based power yet.

Bharat Heavy Electri.. has an average target of 256.67 from 3 brokers.

Bharat Heavy Electricals Ltd.

14 Aug 2024

208.01

-0.24%

BHEL

Sell: Bharat Heavy Electricals Ltd.

Recommendation Target

Geojit BNP Paribas

Bharat Heavy Electricals Ltd. has lost -21.92% in the last 3 Months

Bharat Heavy Electricals Ltd.

01 Aug 2024

208.01

-0.24%

Pace of thermal ordering remains strong

Buy: Bharat Heavy Electricals Ltd.

ICICI Securities Limited

BHEL reported order inflow (OI) of ~INR 200bn (YTD) while the outlook for OI for remainder of the fiscal remains strong. BHEL has commended 100% market share in the orders for thermal power plants in FY24 and Q1FY25.

Bharat Heavy Electri.. has an average target of 256.67 from 3 brokers.

Bharat Heavy Electricals Ltd.

22 May 2024

208.01

-0.24%

The year of thermal revival

Buy: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

Bharat Heavy Electricals Ltd. (BHEL) reported an order inflow (OI) of INR 780bn, 3x YoY. OI for the quarter was INR 420bn. FY24 saw strong order inflows worth INR520bn in power owing to 9.6GW thermal order wins and Industry orders worth INR 220bn.

Bharat Heavy Electri.. has an average target of 256.67 from 3 brokers.

Is Bharat Heavy Electricals Ltd. worth buying?

2583 Votes:

Buy 76.15%

Sell 12.31%

Hold 11.54%

RESEARCH REPORTS

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