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. See Bharat Heavy Electricals Limited (BHEL) balance sheet quality index to measure how much of total assets are equity-financed.

Bharat Heavy Electricals Limited - Cash Flow Conversion Efficiency Trend (2004–2026)

This chart illustrates how Bharat Heavy Electricals Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check BHEL cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

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
HAL Trust AS:HAL	0.088x
Great Wall Motor Co Ltd SHG:601633	0.206x
Advantech Co Ltd TW:2395	0.039x
Grupo Bimbo S.A.B. de C.V MX:BIMBOA	0.088x
LI AUTO INC. (SP.ADR)/2 F:L87A	-0.011x
Banco de Credito e Inversiones SN:BCI	0.064x
James Hardie Industries Plc AU:JHX	0.031x
Telkom Indonesia (Persero) Tbk PT JK:TLKM	0.110x

Annual Cash Flow Conversion Efficiency for Bharat Heavy Electricals Limited (2004–2026)

The table below shows the annual cash flow conversion efficiency of Bharat Heavy Electricals Limited from 2004 to 2026. For the full company profile with market capitalisation and key ratios, see market value of Bharat Heavy Electricals Limited.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs261.47 Billion ≈ $2.83 Billion	Rs58.16 Billion ≈ $628.95 Million	0.222x	+150.87%
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

$15.33 Billion

Rs1.42 Trillion INR

Market Cap Rank

#1598 Global

#52 in India

Share Price

Rs407.00

Change (1 day)

+0.99%

52-Week Range

Rs208.01 - Rs435.40

All Time High

Rs435.40