Bharat Heavy Electricals Limited (BHEL) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.048x

Based on the latest financial reports, Bharat Heavy Electricals Limited (BHEL) has a cash flow conversion efficiency ratio of -0.048x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs-11.82 Billion ≈ $-127.82 Million USD) by net assets (Rs244.00 Billion ≈ $2.64 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Bharat Heavy Electricals Limited - Cash Flow Conversion Efficiency Trend (2004–2025)

This chart illustrates how Bharat Heavy Electricals Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read how much debt does Bharat Heavy Electricals Limited carry for a breakdown of total debt and financial obligations.

Bharat Heavy Electricals Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Bharat Heavy Electricals Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Focus Media Information Technology Co Ltd SHE:002027	0.115x
Ovintiv Inc NYSE:OVV	0.080x
Shengyi Electronics Co. Ltd. A SHG:688183	N/A
ALTEOGEN Inc KQ:196170	-0.013x
ARC Resources Ltd. TO:ARX	0.084x
Toll Brothers Inc NYSE:TOL	0.001x
Ascendis Pharma AS F:A71	-0.451x
YPF Sociedad Anónima F:YPF	0.105x

Annual Cash Flow Conversion Efficiency for Bharat Heavy Electricals Limited (2004–2025)

The table below shows the annual cash flow conversion efficiency of Bharat Heavy Electricals Limited from 2004 to 2025. For the full company profile with market capitalisation and key ratios, see BHEL stock market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-03-31	Rs247.22 Billion ≈ $2.67 Billion	Rs21.92 Billion ≈ $237.04 Million	0.089x	+158.36%
2024-03-31	Rs244.39 Billion ≈ $2.64 Billion	Rs-37.13 Billion ≈ $-401.54 Million	-0.152x	-449.67%
2023-03-31	Rs268.28 Billion ≈ $2.90 Billion	Rs-7.42 Billion ≈ $-80.19 Million	-0.028x	-210.96%
2022-03-31	Rs265.07 Billion ≈ $2.87 Billion	Rs6.60 Billion ≈ $71.40 Million	0.025x	+15.19%
2021-03-31	Rs259.72 Billion ≈ $2.81 Billion	Rs5.62 Billion ≈ $60.73 Million	0.022x	+121.43%
2020-03-31	Rs286.52 Billion ≈ $3.10 Billion	Rs-28.92 Billion ≈ $-312.71 Million	-0.101x	+19.84%
2019-03-31	Rs308.66 Billion ≈ $3.34 Billion	Rs-38.86 Billion ≈ $-420.22 Million	-0.126x	-511.51%
2018-03-31	Rs323.31 Billion ≈ $3.50 Billion	Rs9.89 Billion ≈ $106.96 Million	0.031x	+84.83%
2017-03-31	Rs323.88 Billion ≈ $3.50 Billion	Rs5.36 Billion ≈ $57.97 Million	0.017x	+76.12%
2016-03-31	Rs331.73 Billion ≈ $3.59 Billion	Rs3.12 Billion ≈ $33.72 Million	0.009x	-60.85%
2015-03-31	Rs342.09 Billion ≈ $3.70 Billion	Rs8.21 Billion ≈ $88.81 Million	0.024x	-82.36%
2014-03-31	Rs331.61 Billion ≈ $3.59 Billion	Rs45.12 Billion ≈ $487.96 Million	0.136x	+137.27%
2013-03-31	Rs305.37 Billion ≈ $3.30 Billion	Rs17.51 Billion ≈ $189.38 Million	0.057x	+307.96%
2012-03-31	Rs254.08 Billion ≈ $2.75 Billion	Rs-7.01 Billion ≈ $-75.77 Million	-0.028x	-120.59%
2011-03-31	Rs201.55 Billion ≈ $2.18 Billion	Rs26.99 Billion ≈ $291.90 Million	0.134x	+30.59%
2010-03-31	Rs158.96 Billion ≈ $1.72 Billion	Rs16.30 Billion ≈ $176.29 Million	0.103x	-61.73%
2009-03-31	Rs129.23 Billion ≈ $1.40 Billion	Rs34.63 Billion ≈ $374.53 Million	0.268x	-16.98%
2008-03-31	Rs107.74 Billion ≈ $1.17 Billion	Rs34.78 Billion ≈ $376.12 Million	0.323x	+0.55%
2007-03-31	Rs87.88 Billion ≈ $950.42 Million	Rs28.21 Billion ≈ $305.12 Million	0.321x	+44.35%
2006-03-31	Rs73.01 Billion ≈ $789.62 Million	Rs16.24 Billion ≈ $175.61 Million	0.222x	+63.80%
2005-03-31	Rs60.27 Billion ≈ $651.79 Million	Rs8.18 Billion ≈ $88.49 Million	0.136x	-57.59%
2004-03-31	Rs52.96 Billion ≈ $572.74 Million	Rs16.96 Billion ≈ $183.36 Million	0.320x	--

About Bharat Heavy Electricals Limited

NSE:BHEL India Specialty Industrial Machinery

Market Cap

$13.27 Billion

Rs1.23 Trillion INR

Market Cap Rank

#1776 Global

#66 in India

Share Price

Rs352.41

Change (1 day)

+2.30%

52-Week Range

Rs208.01 - Rs354.71

All Time High

Rs354.71