Bharat Heavy Electricals revenue and financials

BHEL · NSE · INR

₹452.00Change from previous close: +5.36%Absolute change: +₹23.00

Close · October 6, 2026

In the fiscal year ended March 2026, Bharat Heavy Electricals reported revenue of ₹323.6B (+18.30% year over year). Net income was ₹16B, a net margin of 4.9%.

Annual revenue · 2026: ₹323.6B
  1. ₹221.36B2023
  2. ₹229.21B2024
  3. ₹273.55B2025
  4. ₹323.6B2026

Fiscal year ending in March. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+18.30%
FY to Mar 2026 vs FY to Mar 2025
Net income growth
+199.73%
FY to Mar 2026 vs FY to Mar 2025
Net margin
4.9%
FY to Mar 2025: 2.0%

Financial data

Amounts in millions of INR; per-share values in INR; shares in millions.

Balance sheet · Annual
ItemFY to Mar 2026FY to Mar 2025FY to Mar 2024FY to Mar 2023FY to Mar 2022
Total assets761,856680,832590,019569,200—
Current assets514,554427,598345,421290,945—
Cash and equivalents10,8323,90317,18914,491—
Short-term investments97,66266,18137,39748,523—
Inventory133,34698,69572,20667,559—
Net property, plant and equipment33,37130,28827,95327,706—
Other intangible assets1,6061,180894765—
Long-term investments3,0212,7562,5452,323—
Current liabilities323,022282,256252,472234,796—
Accounts payable104,91695,40985,39498,958—
Total debt81,87090,14688,56554,535—
Total liabilities500,390433,610345,633325,418—
Total equity (incl. minority)261,466247,222244,387243,783—
Retained earnings-45,183-59,433-63,902-65,331—
Minority interest—0.0——0.0