Bharat Heavy Electricals Limited
Financial trend (100/100) does the heavy lifting; valuation (0/100) is the drag.
ExpensiveSolvency riskStocksWizard rates Bharat Heavy Electricals Limited a Sell, scoring 40/100 on our blended model. We put fair value near ₹202.58; at ₹405.15 that leaves roughly 50% downside, so the stock screens overvalued by 50%. On 87.6x trailing earnings it sits pricier than the Industrials median of about 29.0x. The price is about 7% below its 52-week high of ₹434 and 95% above the low of ₹207.34. Financial health scores 33/100, in the grey band on the Altman Z-score, with a Piotroski F-score of 6/9. The average analyst target of ₹343.85 implies about 15% downside across 20 analysts. It clears 7 of 13 investability checks, with durability 48, valuation 0 and momentum 82 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹162.06.
Analyst views
1-year price
EOD · 2026-07-2952-week range
-6.65% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Sell40Piotroski F-score 6/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- Fail: ROE above 15%: 6.3%
- Pass: Low debt (D/E < 0.5): 0.31x
- Pass: Positive free cash flow
- Pass: Revenue growth > 10%: 37%
- Pass: Earnings growing: 156%
- Fail: Net margin ≥ 10%: 4.7%
- Pass: Current ratio > 1.5: 1.59
- Fail: Below our fair value
- Fail: Margin of safety ≥ 20%
- Pass: Above 200-day average
- Pass: Above 50-day average
- No data: Positive 1-year return
- Fail: Altman Z in safe zone: Z 2.32
- Fail: Piotroski ≥ 7: 6/9
Quarterly results
Annual financials
Shareholding
- Promoter59.7%
- Institutions25.0%
- Public & other15.3%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Lightly leveraged balance sheet.
Opportunities
- Earnings growing (156% YoY).
- Revenue growing (37% YoY).
Bear case
Weaknesses
- Low return on equity (6.3%).
Threats
- Rich valuation versus sector peers.
- Trades ~50% above our estimated fair value.
About Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited manufactures power plant equipment for domestic and international markets through two operating segments: Power and Industry. The company supplies equipment, spares, and services while providing engineering, procurement, and construction work for coal, lignite, gas, hydro, and nuclear power plants, alongside systems for transportation, transmission, defence, aerospace, captive power, process industries, renewables, and oil and gas operations.
Bharat Heavy Electricals Limited — frequently asked questions
Is Bharat Heavy Electricals Limited a buy, hold or sell?
StocksWizard currently rates Bharat Heavy Electricals Limited (BHEL) a Sell, based on a blended score of 40/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is Bharat Heavy Electricals Limited's fair value?
Our blended DCF and relative-valuation model estimates Bharat Heavy Electricals Limited's fair value at about ₹202.58, versus a current price of ₹405.15 — roughly 50% downside. On that basis the stock looks overvalued by 50%.
Is Bharat Heavy Electricals Limited financially healthy?
Bharat Heavy Electricals Limited scores 33/100 on our financial-health model, placing it in the grey band on the Altman Z-score, with a Piotroski F-score of 6/9.
How has Bharat Heavy Electricals Limited's share price performed?
Bharat Heavy Electricals Limited is up 15% over three months, and last traded at ₹405.15. Past performance doesn't predict future returns.
More in Industrials
View allOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.