Bharat Heavy Electricals revenue and financials

BHEL · NSE · INR

₹448.50Change from previous close: −0.77%Absolute change: −₹3.50

Close · October 7, 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.

Cash flow · Annual
ItemFY to Mar 2026FY to Mar 2025FY to Mar 2024FY to Mar 2023FY to Mar 2022
Operating cash flow58,37421,925-37,129-7,407—
Depreciation and amortization3,1592,7202,4892,603—
Capital expenditure-5,890-3,044-2,325-1,884—
Investing cash flow-30,354-27,31513,30914,805—
Financing cash flow-18,057-8,56826,557890—
Dividends paid-1,746-874-1,395-1,392—
Debt issued——34,2306,400—
Debt repaid-8,450-130——-875
Net change in cash9,962-13,9582,7378,287—
Free cash flow52,48318,881-39,454-9,291—