Bharat Heavy Electricals valuation

BHEL · NSE · INR

₹429.00Change from previous close: +1.90%Absolute change: +₹8.00

Close · October 5, 2026

Valuation

The P/E ratio is 60.3. The average price target of 20 analysts is ₹398.75.

Data as of October 5, 2026

Valuation multiples

Market cap
₹1.47T
Enterprise value
₹1.44T
P/E (trailing 12 months)
60.3
Forward P/E
30.1
Price/book
5.61
Price/sales
4.07
EV/EBITDA
50.2
EV/revenue
3.99

Profitability and growth

Gross margin
31.5%
Operating margin
5.5%
Net margin
6.8%
ROIC
8.5%
Revenue growth (year over year)
40.3%

Financial health

Total cash
₹112.02B
Total debt
₹81.87B
Debt/equity
0.31
Piotroski F-Score
3.00

Dividends

Payout ratio
20.1%

Analysts and estimates

Average price target
₹398.75
Median price target
₹475.00
High price target
₹575.00
Low price target
₹140.00
Analysts with a price target
20
Forward EPS
₹13.98
EPS estimate, current year
₹10.01

Shares and trading

Beta
0.85
Average volume
9.77M
Shares outstanding
3.48B
Float
1.42B
Institutional ownership
22.8%
Insider ownership
59.8%