Bharat Heavy Electricals Limited Financial Flexibility Index

Latest as of September 2025: -0.02x

Bharat Heavy Electricals Limited financial flexibility index. Bharat Heavy Electricals Limited (BHEL) has a Financial Flexibility Index of -0.02x as of September 2025. Free cash flow of Rs-9.52 Billion (operating CF Rs-11.82 Billion minus capex Rs2.30 Billion) represents 0% of total liabilities (Rs475.72 Billion). See Bharat Heavy Electricals Limited free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.

Financial Flexibility Index

-0.02x
Free Cash Flow / Total Liabilities

Free Cash Flow

Rs-9.52 Billion
Operating CF − Capex

Total Liabilities

Rs475.72 Billion
INR

Capital Expenditures

Rs2.30 Billion
INR

Financial Flexibility Index of Bharat Heavy Electricals Limited (2004–2026)

Financial flexibility index of Bharat Heavy Electricals Limited from 2004 to 2026. Historical Financial Flexibility Index trend for Bharat Heavy Electricals Limited across 23 annual periods. Check how high is Bharat Heavy Electricals Limited's earnings quality to evaluate the quality of earnings relative to operating cash generation.

Bharat Heavy Electricals Limited Financial Flexibility Index by Year (2004–2026)

Bharat Heavy Electricals Limited financial flexibility index by year from 2004 to 2026. Year-by-year free cash flow to debt coverage for Bharat Heavy Electricals Limited. For the full cash flow conversion analysis, see cash flow conversion of Bharat Heavy Electricals Limited.

Year Flexibility Index Free Cash Flow (INR) Operating CF Total Liabilities YoY Change
2026 0.13x Rs64.05 Billion Rs58.16 Billion Rs500.39 Billion ▲ +124.3%
2025 0.06x Rs24.74 Billion Rs21.92 Billion Rs433.61 Billion ▲ +156.7%
2024 -0.10x Rs-34.80 Billion Rs-37.13 Billion Rs345.63 Billion ▼ -492.4%
2023 -0.02x Rs-5.53 Billion Rs-7.42 Billion Rs325.42 Billion ▼ -160.9%
2022 0.03x Rs8.30 Billion Rs6.60 Billion Rs297.37 Billion ▲ +0.6%
2021 0.03x Rs8.12 Billion Rs5.62 Billion Rs292.68 Billion ▲ +136.3%
2020 -0.08x Rs-24.57 Billion Rs-28.92 Billion Rs321.33 Billion ▲ +27.0%
2019 -0.10x Rs-34.60 Billion Rs-38.86 Billion Rs330.54 Billion ▼ -357.2%
2018 0.04x Rs12.70 Billion Rs9.89 Billion Rs312.14 Billion ▲ +32.2%
2017 0.03x Rs8.92 Billion Rs5.36 Billion Rs289.60 Billion ▼ -33.1%
2016 0.05x Rs16.79 Billion Rs3.12 Billion Rs364.71 Billion ▲ +47.3%
2015 0.03x Rs11.47 Billion Rs8.21 Billion Rs366.80 Billion ▼ -78.5%
2014 0.15x Rs61.16 Billion Rs45.12 Billion Rs420.82 Billion ▲ +70.8%
2013 0.09x Rs35.06 Billion Rs17.51 Billion Rs412.15 Billion ▲ +304.0%
2012 0.02x Rs8.85 Billion Rs-7.01 Billion Rs420.22 Billion ▼ -82.9%
2011 0.12x Rs48.85 Billion Rs26.99 Billion Rs395.81 Billion ▲ +20.6%
2010 0.10x Rs33.58 Billion Rs16.30 Billion Rs328.04 Billion ▼ -39.0%
2009 0.17x Rs48.19 Billion Rs34.63 Billion Rs287.31 Billion ▼ -20.1%
2008 0.21x Rs41.81 Billion Rs34.78 Billion Rs199.16 Billion ▼ -6.7%
2007 0.22x Rs32.64 Billion Rs28.21 Billion Rs145.09 Billion ▲ +27.1%
2006 0.18x Rs19.25 Billion Rs16.24 Billion Rs108.78 Billion ▲ +57.4%
2005 0.11x Rs10.10 Billion Rs8.18 Billion Rs89.83 Billion ▼ -58.6%
2004 0.27x Rs18.68 Billion Rs16.96 Billion Rs68.77 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities