BHEL share price today

Bharat Heavy Electricals Ltd's share price was ₹387.60 at the close on 30 October 2026. It has been rising for 51 weeks. That is 4.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹243 and ₹440, and at that close it sat 74% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Bharat Heavy Electricals Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 13 weeks in a row.

Over the last 11 years the share price moved +461% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), foreign funds (FIIs) raised their stake for 4 quarters in a row and profit up on a year earlier for 5 quarters in a row.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹9,300 crore, +23.8% on a year earlier.

2. Foreign funds (FIIs) raised their stake for 4 quarters in a row

   From 6.2% to 9.9% of the company by the September 2026 quarter.

3. Profit up on a year earlier for 5 quarters in a row

   In the September 2026 quarter profit was ₹821 crore, +118.9% on a year earlier.

BHEL paid ₹1.40 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.36% at the ₹387.60 close on 30 October 2026. The last was a dividend of ₹1.40 a share, ex-date 17 July 2026.

BHEL dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Bharat Heavy Electricals Ltd paid out 30% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), BHEL reported revenue of ₹9,300 crore, up 23.8% from ₹7,512 crore a year earlier, and a profit of ₹821 crore, up 118.9% from ₹375 crore.

BHEL results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

BHEL closed at ₹387.60 on 30 October 2026, up 46.0% from ₹265.49 a year earlier (31 October 2025) and up 467.9% over five years. Its highest weekly close since March 2016 was ₹439.90 on 18 September 2026.

BHEL share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 30 October 2026.

30 Oct 2026: BHEL closed at ₹387.60, up 0.0% on the week and down 7.9% on the month. Results for July to September 2026: Revenue up 23.8% and profit up 118.9% on a year earlier.

Earlier

• 17 Jul 2026: ex-date for a dividend of ₹1.40 a share.

BHEL is on one of our India lists: Power & green energy stocks.

Bharat Heavy Electricals Ltd earned ₹821 Cr of net profit in the Sep 2026 quarter, +118.9% on the same quarter a year earlier. Full-year FY26 profit was ₹1,600 Cr. That is 8.8% of the quarter's revenue. The same quarter a year earlier earned ₹375 Cr. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹1,600 Cr (+199.6% on the year before).

Why profit moved: revenue changed +23.8% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +154.6% and revenue +29.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Bharat Heavy Electricals Ltd reported ₹9,300 Cr of revenue in the Sep 2026 quarter, +23.8% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 2.9% a year on average. The last full year, FY26, came in at ₹33,782 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹37,781 Cr.

FY26 revenue was ₹33,782 Cr, +19.2% on the year before.

Recent pace: the last four quarters grew +29.3% on average, against 2.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +29.1%, against +20.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +415.8%, against +154.3% a year (accelerating).

Bharat Heavy Electricals Ltd's operating margin was 11.0% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −18.0% and 12.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.3 percentage points on the year while gross margin changed +5.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 179% of Bharat Heavy Electricals Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹5,837 Cr of operating cash against ₹1,600 Cr of profit. After ₹668 Cr of spending on assets, ₹5,169 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 179% of profit came in as cash: the cash cycle got 14 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Bharat Heavy Electricals Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 151 days in FY26, up from 137 days in FY21. It spent ₹1,501 Cr on assets over the last 3 years. Customers take 73 days to pay, and stock sits for 309 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹33,782 Cr, each day of that cycle ties up about ₹92.6 Cr, so roughly ₹13,976 Cr is tied up in the business at any time.

FY26: customers took 73 days to pay and stock sat for 309 days, about 10.2 months of sales sitting as stock, for a full cycle of 151 days, longer than FY21's 137.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 309 days. Customers pay about 73 days after that. Suppliers are paid at 231 days. Together that makes the 151-day cycle.

Spending on assets: ₹1,501 Cr over the last 3 years, against ₹837 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹495 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Bharat Heavy Electricals Ltd's P/E is 46.9×, near the low end of its own history: it has been lower only 30% of the time. Its usual P/E (the middle reading) is 64.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.