Bharat Heavy Electricals shares rose 2.02% to ₹430.20 at 9:51 am on Monday, positioning it among the top gainers on the Nifty Midcap 150 index, according to Moneycontrol.com. The stock's performance aligns with a very bullish sentiment noted by Moneycontrol analysis as of August 12, 2026. The company, which is a constituent of the Nifty Midcap 150 index, saw positive market response following the announcement of its latest financial results and corporate actions, with the stock movement reflecting investor confidence in the company's strong quarterly performance and consistent growth trajectory.
For the quarter ending June 2026, Bharat Heavy Electricals reported consolidated revenue of ₹7,697.72 crore, representing a significant increase from ₹5,486.91 crore in June 2025, as reported by Moneycontrol.com. This marks a substantial growth of 40.30% year-on-year for the June quarter. The net profit for the June 2026 quarter stood at ₹365.25 crore, rebounding from a loss of ₹469.17 crore in the same period last year. Earnings Per Share (EPS) improved to ₹1.08 in June 2026 from -₹1.31 in June 2025. The company's financial performance demonstrates sustained momentum across all key metrics.
On an annual consolidated basis, the company's revenue has shown consistent growth from ₹21,211.09 crore in 2022 to ₹33,782.18 crore in 2026, marking a 59.27% increase over the five-year period, according to Moneycontrol.com. Net profit also saw substantial rise, from ₹394.29 crore in 2022 to ₹1,539.21 crore in 2026, reflecting a robust growth of 290.38%. The EPS followed a similar upward trend, increasing from ₹1.28 in 2022 to ₹4.60 in 2026. The company's financial performance demonstrates sustained momentum across all key metrics over the five-year period.
Analyzing key financial ratios for the year ending March 2026, Bharat Heavy Electricals recorded a Basic EPS of ₹4.60, a Book Value Per Share (Excl. Reval Reserve) of ₹75.09, and a Dividend Per Share of ₹1.40, as reported by Moneycontrol.com. The Gross Profit Margin was 9.32%, while the Net Profit Margin stood at 4.55%. The company's Return on Networth/Equity was 6.12%, with a Return on Capital Employed (ROCE) of 6.45%. The Debt to Equity ratio was 0.30, and the Current Ratio was 1.59. The P/E ratio was 53.37x, and the P/B ratio was 3.27x.
The company has a history of corporate actions, including a final dividend of ₹1.40 per share (70%) announced on May 4, 2026, with an effective date of July 17, 2026, according to Moneycontrol.com. Prior to this, a final dividend of ₹0.50 per share (25%) was announced on May 16, 2025. Bharat Heavy Electricals has also seen bonus issues, with a 1:2 bonus ratio announced on August 10, 2017. A stock split from a face value of ₹10 to ₹2 took place on May 23, 2011. In recent developments, the company signed a Strategic Cooperation Agreement (SCA) with M/s Hystar AS, Norway, on August 13, 2026, focusing on PEM Electrolyser Systems for Green Hydrogen Projects, which could bolster its position in the evolving green energy sector. The company also received a credit rating upgrade from M/s India Ratings & Research on August 12, 2026, signaling improved financial health and stability.
