Bharat Bijlee Ltd

NSE: BBL · Heavy Electrical Equipment · sector

₹2,255.30NSE close 2026-10-26

Key numbers

Market cap₹2,548 cr

Price₹2,255.30

52w high / low₹3,270 / ₹2,009

P/E22.8xSector median 27.8x

P/B1.2xSector median 5.4x

Book value₹1,795.3

Dividend yield1.55%Sector median 0.19%

ROE5.6%Sector median 18.8%

ROCE7.4%Sector median 21.4%

OPM6.5%Sector median 15.1%

Debt / equity0.15xSector median 0.09x

EV/EBITDA16.9xSector median 21.4x

Interest cover7.5x

Current ratio1.46x

Sales growth 3y+17.0%Sector median +22.1%

Profit growth 3y+13.0%Sector median +27.5%

PEG1.75x

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹269 cr vs borrowings ₹301 cr (FY26): borrowings are higher by ₹32 cr.
Operating profit covered interest 7.5x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY23, FY22).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 37% of net profit in the last 12 months.
Debtor days went from 74 (FY24) to 93 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹2,255.30 on 2026-10-26: -31.0% from the 52-week high, +12.3% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹4,950.35 · low ₹2,069.60

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	394	514	619	465	473	568	767	547
EBITDA	22	53	63	34	35	34	55	29
OPM %	5.5%	10.3%	10.2%	7.2%	7.4%	6.0%	7.2%	5.3%
Other income	11	9	13	10	12	9	10	11
Net profit	19	41	50	28	28	25	39	20
EPS (₹)	16.62	35.94	44.51	24.66	24.98	21.84	34.76	17.37
Revenue YoY					+20.1%	+10.6%	+23.9%	+17.7%
Profit YoY					+50.2%	-39.2%	-21.9%	-29.6%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	1,266	1,418	1,872	1,902	2,274	2,356
EBITDA	84	117	172	167	158	153
Net profit	56	83	131	134	120	112
EPS (₹)	49.17	73.63	58.15	118.24	106.24	98.95
Revenue growth		+12.1%	+32.0%	+1.6%	+19.6%	+18.3%
Profit growth		+49.7%	+57.9%	+1.7%	-10.1%	-18.7%
Dividend / share (₹)	5.00	30.00	40.00	35.00	35.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+17.0%	+25.5%	+18.3%
Net profit	+13.0%	+35.7%	-18.7%
EPS	+13.0%	+35.8%	–
Share price	–	-29.9% (2y)	-25.4%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	1,378	1,865	1,941	2,029
Borrowings	–	289	151	82	301
Cash & equivalents	–	47	203	437	269
Total assets	–	2,052	2,505	2,622	3,112
Fixed assets	–	106	127	127	139
Capital work in progress	–	2	3	14	83
Investments	–	859	1,291	1,305	1,318
Receivables	–	386	379	376	577
Inventory	–	317	262	294	474
Payables	–	194	210	248	353

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-9	52	241	175	-92
Cash from investing	-14	-10	-52	-54	-82
Cash from financing	17	-31	-182	-123	163
Capex	16	16	34	35	113
Free cash flow	-26	36	207	140	-206

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	6.0%	7.0%	6.9%	5.9%
ROCE %	–	8.0%	9.7%	9.5%	7.6%
Debtor days	–	99	74	72	93
Inventory days	–	111	70	77	100
Payable days	–	68	56	65	74
Cash conversion cycle (days)	–	142	88	84	119
Working capital days	–	112	67	120	69

Shareholding

Holder	% (2026-09-30)
Promoters	33.65%
FIIs	4.04%
DIIs	14.36%
of which Mutual funds	8.45%
of which Insurance	5.73%
Public (non-institutions)	47.94%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	33.69%	33.69%	33.65%	33.65%	33.65%	33.65%	33.65%	33.65%

Promoter group	%
Danmet Chemicals PVT Limited	8.14%
Gayatri Education Medical and Research Foundation PVT Ltd	7.97%
Nikhil Jaisingh Danani	6.01%
Nasivan Investments Private Limited	5.00%
Nakul Prahlad Mehta	3.31%
Avanti Prahlad Mehta	2.40%
Roshan Nikhil Danani	0.73%
Anand Jaisingh Danani	0.06%
Shome Nikhil Danani	0.05%

Public holders above 1%	%
Hsbc Mutual Fund - Hsbc Value Fund	4.53%
General Insurance Corporation of India	4.37%
Lic Mf Manufacturing Fund	2.19%
Minal Bharat Patel	1.82%
Lici ASM NON PAR	1.29%
Quant Mutual Fund A/C Quant Infrastructure Fund	1.14%

43,423 shareholders. Pledged: 0.00% of promoter shares.

Peers in Heavy Electrical Equipment

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
BHEL	₹1,37,384 cr	47.7x	5.1x	11.2%	13.5%	10.1%	+13.1%	0.12%
ABB	₹1,34,715 cr	45.1x	14.4x	36.1%	22.4%	14.0%	–	–
CGPOWER	₹1,31,237 cr	104.9x	16.5x	16.5%	21.3%	12.5%	+30.7%	0.16%
POWERINDIA	₹1,19,751 cr	104.0x	23.1x	24.5%	29.9%	14.9%	+22.2%	0.02%
SIEMENS	₹1,16,725 cr	35.6x	8.4x	25.0%	14.2%	10.0%	+41.0%	0.37%
ENRIN	₹98,074 cr	65.9x	20.4x	34.3%	42.0%	20.9%	–	0.14%
GVT&D	₹97,043 cr	74.3x	36.1x	58.5%	65.5%	25.2%	+30.8%	0.13%
SUZLON	₹51,051 cr	16.3x	5.4x	40.4%	29.2%	17.7%	+41.0%	–
THERMAX	₹35,902 cr	60.5x	6.5x	11.3%	12.5%	8.6%	+9.8%	0.44%
BBL	₹2,548 cr	22.8x	1.2x	5.6%	7.4%	6.5%	+17.0%	1.55%

All 43 companies in Heavy Electrical Equipment →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Power systems	₹1,384 cr	60.9%	₹166 cr	12.0%
Industrial systems	₹890 cr	39.1%	₹59 cr	6.6%

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-15	Dividend	Dividend - Rs 35 Per Share
2025-09-04	Dividend	Dividend - Rs 35 Per Share
2024-08-21	Dividend	Annual General Meeting/Dividend - Rs 35 Per Share
2024-04-24	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share
2023-09-06	Dividend	Annual General Meeting/Dividend - Rs 40 Per Share
2022-09-19	Dividend	Annual General Meeting/Dividend - Rs 30 Per Share
2021-09-15	Dividend	Annual General Meeting/Dividend - Rs 5 Per Share
2020-09-18	Other	Annual General Meeting
2020-03-05	Dividend	Interim Dividend - Rs 12.50 Per Share
2019-08-29	Dividend	Annual General Meeting/Dividend - Rs 12.50 Per Share
2018-06-19	Dividend	Annual General Meeting / Dividend- Rs 2.50 Per Share
2017-06-21	Other	Annual General Meeting
2016-09-09	Other	Annual General Meeting
2015-09-14	Other	Annual General Meeting
2014-09-04	Other	Annual General Meeting
2012-06-21	Dividend	Annual General Meeting And Dividend - Rs.25/- Per Share
2011-06-16	Dividend	Annual General Meeting And Dividend Rs.25/- Per Share
2010-06-17	Dividend	Annual General Meeting And Dividend Rs.25/- Per Share
2009-06-23	Other	Agm/Div-Rs.25/- Per Share
2008-06-12	Dividend	Agm/Dividend - 300%

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Electrical Engineering


Sector	Industrials
Industry	Heavy Electrical Equipment
Sub-industry	Heavy Electrical Equipment
Symbol	BBL
BSE code	503960
ISIN	INE464A01036
Face value	₹5.0
Incorporated	1946-06-22
Website	https://www.bharatbijlee.com
Plants (India / abroad)	1 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.