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    B H E L

    State-run heavy-engineering PSU making power, transmission, rail, defence and industrial equipment.

    Capital Goods
    Industrials
    ₹422
    +4.91% from avg

    Overview

    Price

    ₹422

    Market Cap

    ₹1.4L Cr

    Sector

    Capital Goods

    Industrials

    Rank

    2

    Performance

    Explore BHEL

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital696696696696696696696696
    Reserves28.0k25.3k25.8k23.7k23.7k24.0k23.7k25.4k
    Borrowings5.1k5.0k4.8k5.5k8.9k9.0k11.0k8.2k
    Other Liabilities26.6k25.0k25.7k27.8k26.5k35.1k36.6k42.6k
    Total Liabilities60.3k56.0k57.0k57.7k59.8k68.8k72.0k76.9k
    AssetsFixed Assets2.8k2.5k2.4k2.5k2.6k2.9k3.0k3.0k
    CWIP314420431354308195275495
    Investments162185205235256276282302
    Other Assets57.0k52.9k54.0k54.6k56.6k65.4k68.5k73.1k
    Total Assets60.3k56.0k57.0k57.7k59.8k68.8k72.0k76.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-3.9k-2.9k560660-741-3.7k2.2k5.8k
    Cash from Investing1.9k1.9k-42-1.1k1.5k1.3k-2.7k-3.0k
    Cash from Financing-321.6k-394-329892.7k-857-1.8k
    SummaryCapital Expenditure————————
    Free Cash Flow-4.3k-3.3k311498-921-3.9k1.9k5.3k
    FCF Margin————————

    Valuation

    Cyclical, with too little history

    This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.

    BHEL · CYCLICAL_UNMODELABLE

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