Bharat Heavy Elect Peer Comparison

NSE: BHEL | BSE: 500103

₹429.40

₹8.40 (2.00%)

As on 05-Oct-2026 10:44IST

Market cap

₹1,50,251 Cr

Revenue (TTM)

₹35,993 Cr

P/E Ratio

61.8

P/B Ratio

5.7

Div. Yield

0.3 %

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	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Market cap (₹ Cr)	1,50,251	1,47,064	40,045	35,690	32,630
Revenue (₹ Cr)	35,993	13,611	10,839	4,549	7,937
Net Profit (₹ Cr)	2,373.63	2,987.84	590.83	1,250.44	534.60
Net Margin (%)	6.44	11.14	5.32	24.88	6.69
RoE (%)	9.62	18.11	10.38	16.49	16.32
Price to Earnings	61.77	49.22	67.49	28.19	59.75
Price-To-Book	5.67	15.75	7.20	4.29	8.81

Income Statement (₹ Cr)

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Operating Revenue	33,782.18	13,202.73	10,694.15	4,419.86	7,701.01
Total Income	40,784.27	13,587.99	10,961.63	4,893.91	7,777.67
Total Expenditure	37,404.83	11,192.63	9,667.89	3,158.38	6,285.72
EBITDA	-3,622.65	2,010.10	1,026.26	1,261.49	1,415.29
Depreciation	315.87	145.53	207.64	112.69	174.04
EBIT	-3,938.52	1,864.57	818.62	1,148.79	1,241.25
Interest	986.01	19.89	138.96	41.70	529.19
Other Income	7,002.09	385.26	267.48	474.05	76.66
Exceptional Items	--	--	61.21	-3.28	-32.45
Profit before Tax	2,138.61	2,229.94	1,007.94	1,591.77	756.27
Provision for Tax	538.35	560.54	287.68	322.84	198.55
Profit after Tax	1,600.26	1,669.40	720.26	1,268.93	557.72

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Shareholder's Funds	26,146.60	7,835.99	5,549.97	8,025.35	3,620.19
Minority Interest	--	--	29.22	8.88	-45.06
Non-Current Liabilities	14,204.03	12.58	1,707.86	126.34	3,371.17
Current Liabilities	32,311.95	5,733.45	5,820.36	371.82	3,899.60
Total Liabilities	76,195.38	13,638.48	13,241.96	8,532.38	10,845.90

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Non-Current Assets	21,197.46	1,832.31	5,998.61	1,436.14	5,417.79
Current Assets	51,465.12	11,749.71	7,108.80	7,096.24	5,428.11
Total Assets	76,195.38	13,638.48	13,241.96	8,532.38	10,845.90
Total Debt*	7,950.00	0.00	2,288.01	0.00	5,313.78
Net Current Assets	19,153.17	6,016.26	1,288.44	6,724.43	1,528.51
Contingent Liabilities	6,609.85	570.53	371.71	742.87	234.24

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Cash From Operating Activities	5,837.38	1,219.51	541.55	591.50	932.21
Cash Flow from Investing Activities	-3,035.41	363.31	-587.06	-124.21	-320.68
Cash from Financing Activities	-1,805.73	-966.23	247.63	-659.86	-588.96
Net Cash Inflow / Outflow	996.24	616.59	202.12	-192.56	22.57

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
ROCE (%)	9.24	30.18	15.85	21.16	14.46
ROE (%)	6.29	22.39	13.76	16.97	16.75
ROA (%)	2.34	12.90	5.91	15.51	5.23
EBIT Margin (%)	10.00	18.14	12.10	39.27	19.37
Net Margin (%)	3.92	12.29	6.57	25.93	7.17
Cash Profit Margin (%)	4.76	13.67	8.68	31.23	9.50

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Revenue Growth (%)	19.21	8.32	3.13	3.09	21.68
EBIT Growth (%)	81.24	-9.90	11.53	16.84	20.54
Net Profit Growth (%)	199.73	-10.95	14.93	19.70	17.77
EPS Growth (%)	199.73	-10.87	13.56	19.74	17.29
Book Value Growth (%)	5.76	10.75	12.39	15.86	17.20

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Price / Earnings	53.43	65.67	51.44	26.73	33.58
Price / Book Value	3.27	13.98	6.69	4.23	5.37
Dividend Yield (%)	0.57	0.76	0.61	0.44	0.53
EV/EBITDA	24.14	43.30	29.50	19.43	15.65
Market Cap (₹ Cr)	85,502.70	1,09,558.89	37,063.79	33,952.95	19,284.87

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Debt to Equity	0.30	0.00	0.41	0.00	1.48
Short term debt to equity ratio	0.30	--	0.11	0.07	0.21
Current Ratio	1.59	2.05	1.22	19.09	1.39
Quick Ratio	1.18	1.69	1.07	15.71	1.25
Interest Coverage	3.17	113.11	8.25	39.17	2.43

	Bharat Heavy Elect	ABB India	Thermax	AIA Engineering	Kirloskar Oil
Debtors to sales (%)	20.12	24.06	20.62	26.44	12.38
Asset Turnover	0.59	1.03	0.88	0.54	0.72
Receivable days	57.53	84.65	71.81	82.30	39.08
Inventory Days	105.27	52.65	27.75	93.78	31.64
Payable days	219.46	159.26	123.11	44.81	65.92
Cash Conversion Cycle	-56.66	-21.96	-23.55	131.27	4.80

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.