Bhel (BHEL) Share Price
BHEL · M.Cap ₹1,45,265 CrBhel trades at 50.46x TTM P/E (vs PSU & Defense sector median of 32.5x) with a 10.1% operating margin and ₹2,879 Cr annual net profit.
BHEL Share Price Chart & Multi-Horizon Returns
BHEL · 3M Price Action & VolumeSession Reference & Price Bands
NSE / BSE CashRange Positioning
Spot ₹417.20Market Depth & Order Flow (BHEL)
Combined NSE + BSE Order Book · 5-Level Bid/Ask Microstructure
| Bid Price | Exch | Orders | Qty |
|---|---|---|---|
| 0.00 | NSE | 0 | 0 |
| 0.00 | NSE | 0 | 0 |
| 0.00 | NSE | 0 | 0 |
| 0.00 | NSE | 0 | 0 |
| 0.00 | NSE | 0 | 0 |
| Ask Price | Exch | Orders | Qty |
|---|---|---|---|
| 0.00 | NSE | 0 | 0 |
| 0.00 | NSE | 0 | 0 |
| 0.00 | NSE | 0 | 0 |
| 0.00 | NSE | 0 | 0 |
| 0.00 | NSE | 0 | 0 |
Bhel (BHEL) Consolidated Profit & Loss Statement
Annual Financial Performance (Figures in ₹ Crore)
| Line Item (₹ Cr) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue / Sales | 21,211 | 23,365 | 23,893 | 28,339 | 33,782 | 37,782 |
| Operating Expenses | 20,383 | 22,321 | 23,182 | 26,940 | 31,210 | 33,953 |
| Operating Profit (EBIT/EBITDA) | 828 | 1,044 | 711 | 1,399 | 2,572 | 3,828 |
| Other Income | 405 | 544 | 608 | 524 | 869 | 992 |
| Interest & Depreciation | 762 | 872 | 1,077 | 1,178 | 1,302 | 976 |
| Profit Before Tax (PBT) | 470 |
Multi-Factor Quant Scores & Investment Thesis (BHEL)
Grounded Factor Decomposition & Institutional Bull vs. Bear Debate
RSI 45.8 · SMA20 ₹414.75
PAT ₹2,879 Cr · OPM 10.1%
Support ₹400.00 · Max Pain ₹400.00
Promoter 58.2% · FII+DII 31.7%
- Strong Put OI Floor at ₹400.00: Put writers have accumulated 36,33,000 OI at the ₹400.00 strike, acting as an institutional demand zone.
- Resilient Operating Cash & TTM PAT of ₹2,879 Cr: Bhel generated ₹3,828 Cr operating profit on ₹37,782 Cr revenue (10.1% operating margin).
- High Institutional & Promoter Skin-in-the-Game (89.9%): Promoters hold 58.17%, complemented by 9.94% FII and 21.80% DII holdings as of Sep 2026.
PSU & Defense Peer Comparison
Benchmarked by Market Cap, P/E, P/B, Dividend Yield & 1M Returns
| Company | Price (₹) | M.Cap (Cr) | P/E (x) | P/B (x) | Div Yld % | 1M Return |
|---|---|---|---|---|---|---|
| Bhel Ltd. | 417.20 | 1,45,265 | 50.46 | 5.43 | 0.10% | -2.89% |
| Rail Vikas Nigam Ltd | 478.50 | 99,768 | 64.20 | 11.40 | 0.44% | +14.20% |
| Indian Renewable Energy Development Agency Ltd | 218.75 | 58,790 | 41.20 | 6.45 | 0.00% | +9.80% |
| Indian Railway Finance Corporation Ltd | 156.40 | 2,04,390 | 31.80 | 4.15 | 0.96% | +8.60% |
| Hindustan Aeronautics Ltd | 4,412.00 | 2,95,060 |
BHEL Options Chain & OI Analytics
Active Expiry: 2026-11-23 · Spot ₹417.20 · Max Pain ₹400.00
| Call OI | Call LTP | Strike (₹) | Put LTP | Put OI |
|---|---|---|---|---|
| 13.05L | ₹30.70 | 390.00 | ₹3.90 | 27.17L |
| 57.30L | ₹23.35 | 400.00 | ₹6.05 | 36.33L (Floor) |
| 33.89L | ₹17.00 | 410.00 | ₹9.60 | 19.74L |
| 51.32L | ₹11.30 | 420.00 (ATM) | ₹13.20 | 27.56L |
| 52.37L | ₹7.90 | 430.00 | ₹20.15 | 18.27L |
| 50.85L | ₹5.10 | 440.00 | ₹27.40 | 5.75L |
- Bearish options positioning: Call-side resistance is stronger than put-side support based on the current PCR and OI walls.
- Call OI dominates: Call open interest is meaningfully higher than put open interest, which can indicate stronger resistance positioning.
BHEL Latest News & Exchange Filings
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