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Bharat Heavy Electricals Limited (BHEL), the state-owned engineering and manufacturing giant, on Monday announced a 19% year-on-year increase in provisional revenue for the financial year 2024–25, reaching ₹27,350 crore.
Notably, the company also recorded its highest-ever annual order inflows, totalling ₹92,534 crore.
Consequently, BHEL’s total order book now stands at an impressive ₹1,95,922 crore by the end of FY25.
The power sector continues to be the company’s mainstay, accounting for ₹81,349 crore in fresh orders.
Meanwhile, the industrial segment also made a strong contribution, bringing in new orders worth ₹11,185 crore across sectors such as transportation, defence, process industries, and industrial equipment.
Execution Milestones Achieved
In terms of project execution, BHEL successfully commissioned or synchronised 8.1 GW of thermal power capacity during the financial year.
This underlines the company’s execution capabilities and strengthens its reputation as a leader in power infrastructure.
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With double-digit revenue growth, a healthy order pipeline, and strong project delivery, BHEL is entering FY2025–26 on firm footing.
The company stated that it remains committed to infrastructure development, indigenisation, and maximising value for stakeholders.
Stock Market Insights And Analyst Views
According to data from Trendlyne, the average target price for BHEL shares stands at ₹213, reflecting a potential downside of around 6% from current market levels.
Out of 18 analysts covering the stock, the consensus rating remains a ‘Hold’.
Technically, BHEL’s Relative Strength Index (RSI) is at 66.3—placing it in the neutral zone.
Additionally, the Moving Average Convergence Divergence (MACD) stands at 4.3, above both its centre and signal lines, suggesting a bullish momentum.
Share Price Performance And Market Cap
At the close of the last trading session, BHEL shares rose 0.7% to ₹227.5.
Over the past six months, the stock has dipped by 10%; however, it has posted a remarkable gain of 213% over the last two years.
The company’s current market capitalisation is pegged at ₹79,217 crore.
Furthermore, BHEL’s stock is trading above its 5-day to 100-day simple moving averages, although it remains below the 150-day and 200-day SMAs—signalling potential for further consolidation in the near term.
With a record-breaking year behind it and a strong momentum ahead, BHEL appears well-positioned to capitalise on emerging opportunities in India’s infrastructure and industrial landscape.
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