NSE: BHEL | BSE: 500103

Mid-range Performer

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228.72 -0.36 (-0.16%)

29.95% Gain from 52W Low

7.9M NSE+BSE Volume

NSE 12 Sep, 2025 3:31 PM (IST)

79,641.8

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.

27 Jul 2018

228.72

-0.16%

Bharat Heavy Electricals Ltd Q1FY19 results Comment

Results Update: Bharat Heavy Electricals Ltd.

HDFC Securities

Revenue fell by 41.11% to Rs. 5790.08 Cr in Q1FY19 when compared to the previous quarter. Bharat Heavy Electricals Ltd Q1FY19 results Comment

Bharat Heavy Electricals Ltd. is trading below its 50 day SMA of 234.2

Bharat Heavy Electricals Ltd.

26 Jul 2018

228.72

-0.16%

Bharat Heavy Electricals Limited

Hold: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues came in at | 5935.5 crore, up 7.8% vs. our estimate of | 6114.3 crore. On the segmental front, power segment revenues grew 6.9% to | 4636.2 crore YoY whereas industrial segment revenues continued to decline 9.2% to | 1153.9 crore. The order backlog was at | 117000 crore against | 118000 crore in Q4FY18 EBITDA came in at | 287.2 crore (vs. our estimate of | 39.9 crore) vs. a loss of | 88.3 crore in Q1FY18, on account of lower raw material to...

Geojit BNP Paribas decreased Hold price target of Bharat Heavy Electricals Ltd. to 229.0 on 29 Aug, 2025.

Bharat Heavy Electricals Ltd.

30 May 2018

228.72

-0.16%

Bharat Heavy Electricals Limited

Hold: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bhel reported a mixed set of Q4FY18 numbers. Key highlights were green shoots in operating performance and strong order inflows Revenues came in at | 10148 crore up 4.7% (I-direct estimate of | 10051 crore). On the segmental front, power segment revenues grew 2.5% to | 8308 crore on a YoY basis whereas industrial segment revenues declined 13.9% to | 1520 crore In FY18, order inflow was at | 40932 crore, significantly up 74% YoY,...

Bharat Heavy Electricals Ltd. is trading above its 200 day SMA of 228.1

Bharat Heavy Electricals Ltd.

08 Mar 2018

228.72

-0.16%

BHEL

Hold: Bharat Heavy Electricals Ltd.

Geojit Research

Q3FY18 revenue grew only by 5% YoY to Rs6,626cr due to lower industrial revenue growth. Power segment revenues grew by 5% YoY whereas industrial segment revenues declined by 17% YoY. Order backlog increased by 4% yoy to Rs1tn supported by 131% increase in 9MFY18 order inflow. Gross margin improved by 386bps YoY to 41.2%, other expenses increased by 52% YoY, restricting EBITDA margin expansion to 100bps YoY at 4.5% BHEL is focusing on ramping up its executable order book (Rs810bn) to achieve better operating leverage. Orders worth 5GW are non-moving, award of L1 contracts continues to get delayed, and tender pipeline remains modest while the competition remains severe....

Geojit BNP Paribas decreased Hold price target of Bharat Heavy Electricals Ltd. to 229.0 on 29 Aug, 2025.

Bharat Heavy Electricals Ltd.

15 Feb 2018

228.72

-0.16%

Result Update:B H E L

Buy: Bharat Heavy Electricals Ltd.

Target

Axis Direct

Q3 order inflow at ~Rs 120 bn was up 7x YoY and order backlog at Rs 1,022 bn was up 4%. Executable order backlog improved to Rs 810 bn (up 48% from Rs 548 bn YoY) on clearance of Yadadri project in Oct. Further, BHEL has won orders worth Rs 41 bn so far in Q4.

Bharat Heavy Electricals Ltd. is trading below its 50 day SMA of 234.2

Bharat Heavy Electricals Ltd.

12 Feb 2018, 12:00AM

228.72

-0.16%

Bharat Heavy Electricals Limited

Hold: Bharat Heavy Electricals Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Bhel reported a decent set of Q3FY18 results. The key reason for the same was better execution, EBITDA margins and no one-offs Revenues came in at | 6626.4 crore, up 4.8% (I-direct estimate of | 6389 crore). On the segmental front, power segment revenues came in at | 5356 crore, up 5% YoY whereas industrial segment revenues came in at | 1138 crore, down 17% YoY The company secured orders to the tune of | 12100 crore coupled...

Geojit BNP Paribas decreased Hold price target of Bharat Heavy Electricals Ltd. to 229.0 on 29 Aug, 2025.

Bharat Heavy Electricals Ltd.

12 Feb 2018, 12:00AM

228.72

-0.16%

BHEL's Q3FY18 operational performance was below our estimates. While revenues increased...

Sell: Bharat Heavy Electricals Ltd.

Emkay

Subdued performance: BHEL reported revenues at Rs66bn (+5% yoy) below our expectations. While the gross margins increased by 386 bps yoy to 41.2%, the EBITDAM increased by 92 bps yoy to 4.5%. Although EBIDTA increased by 32% yoy to Rs2.95bn, the APAT surged by 64% yoy to Rs1.53bn aided by lower depreciation charge. Revenues in the power segment increased by 5% yoy to Rs54bn while it declined in the industry segment by 17% yoy to Rs11bn. EBITM in the power segment improved by 289bps to 14.5%.The industry segment reported EBITM of 3.6% (loss in 3QFY17). Other income remained flattish at Rs1.38bn, though declined by 72% qoq on account of losses related...

Bharat Heavy Electricals Ltd. is trading below its 50 day SMA of 234.2

Bharat Heavy Electricals Ltd.

09 Feb 2018

228.72

-0.16%

Result Review of BHEL

Hold: Bharat Heavy Electricals Ltd.

Target

IDBI Capital

Of Rs1.02trn order backlog, the executable portion moves to Rs810bn. Further, beyond L1 of Rs180bn, the pipeline for fresh order is weak, however. On 33GW of FGD orders, for some, NTPC has finalized the terms and conditions; thereby, tendering results could be out. Adding to that, 5GW orders stranded. Thereby, the focus shifts on: (a) prospects...

Bharat Heavy Electricals Ltd. is trading above its 200 day SMA of 228.1

Bharat Heavy Electricals Ltd.

09 Nov 2017

228.72

-0.16%

Bharat Heavy Electricals Ltd Q2FY18 results comment

Results Update: Bharat Heavy Electricals Ltd.

HDFC Securities

Revenue grew by 16.27% to Rs. 6256.22 Cr in Q2FY18 when compared to the previous quarter Revenue grew by 16.27% to Rs. 6256.22 Cr in Q2FY18 when compared to the previous quarter

Geojit BNP Paribas decreased Hold price target of Bharat Heavy Electricals Ltd. to 229.0 on 29 Aug, 2025.

Is Bharat Heavy Electricals Ltd. worth buying?

2585 Votes:

Buy 76.13%

Sell 12.3%

Hold 11.57%

RESEARCH REPORTS

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Hold SEE REPORTS >

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