NSE: BHEL | BSE: 500103

Mid-range Performer

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258.35 -0.35 (-0.14%)

46.79% Gain from 52W Low

343.1K NSE+BSE Volume

NSE 14 Jul, 2025 9:20 AM (IST)

89,959.1

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.

Bharat Heavy Electricals Ltd.

09 Nov 2023

258.35

-0.14%

Strong uptick in order prospects

Buy: Bharat Heavy Electricals Ltd.

ICICI Securities Limited

BHEL has posted strong order inflow of INR 335bn in H1FY24 (>2x YoY) on the back of large order wins. However, we believe, this is the beginning of pickup in order inflow as India is likely to order more than 55GW of coal based thermal capacity in the medium term (Link), and given the duopoly nature of the market, BHEL is its natural beneficiary.

Bharat Heavy Electricals Ltd. is trading above all available SMAs

Bharat Heavy Electricals Ltd.

20 Sep 2023

258.35

-0.14%

Making the right noises

Buy: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

Ridiculed. Opposed. Self-evident – the three stages of all incontrovertible ideas. We have arrived at the third stage of the idea that adding thermal capacity is receiving almost universal acceptance. India needs additional thermal capacity – we were of the firm belief that India needed to increase additional supply to ensure a smooth energy transition while the street has been –ve on coal capacity addition.

Bharat Heavy Electricals Ltd. has gained 21.31% in the last 3 Months

Bharat Heavy Electricals Ltd.

12 Sep 2023

258.35

-0.14%

BHEL

Buy: Bharat Heavy Electricals Ltd.

Recommendation Target

Geojit BNP Paribas

Bharat Heavy Electri.. has an average target of 264.00 from 3 brokers.

Bharat Heavy Electricals Ltd.

07 Aug 2023

258.35

-0.14%

It only gets better hereon; order inflow remains key metric

Buy: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

BHEL reported its highest quarterly order inflow of INR 145bn in Q1FY24 and is L1 in ~INR 80bn worth of orders. We expect order inflow for FY24E and FY25E to be >INR 400bn aided by improving order prospects for thermal coal. We believe India needs to add 5GW per year for next 15 years.

Bharat Heavy Electricals Ltd. has gained 21.31% in the last 3 Months

Bharat Heavy Electricals Ltd.

15 Jun 2023

258.35

-0.14%

‘Keep it simple, stupid’!

Buy: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

The headline embodies a design principle (introduced by US Navy in 1960), which means that design for any system should be simple and elegant. Likewise, India’s power grid needs a simple solution like thermal power to ensure its reliability, which is currently challenged by the increasingly varying availability of renewable electricity.

Bharat Heavy Electricals Ltd. has gained 21.31% in the last 3 Months

Bharat Heavy Electricals Ltd.

28 May 2023

258.35

-0.14%

Aligning stars

Buy: Bharat Heavy Electricals Ltd.

ICICI Securities Limited

Bharat Heavy Electricals’ (BHEL) Q4FY23 revenue grew 2% YoY to Rs82bn, wherein power revenue was up 4% YoY to Rs62bn while industry revenue remained flat YoY at Rs16.5bn.

Bharat Heavy Electricals Ltd. has gained 21.31% in the last 3 Months

Bharat Heavy Electricals Ltd.

28 May 2023

258.35

-0.14%