Bharat Heavy Electricals Limited (BHEL) — Net Asset Quality Index
Bharat Heavy Electricals Limited (BHEL) has a Net Asset Quality Index of 34.3% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Rs761.86 Billion minus total liabilities of Rs500.39 Billion yields net assets of Rs261.47 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read debt load of Bharat Heavy Electricals Limited for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Bharat Heavy Electricals Limited Net Asset Quality Index Over Time (2004–2026)
This chart shows how Bharat Heavy Electricals Limited's Net Asset Quality Index has evolved across 23 annual periods from 2004 to 2026. As of March 2026, the index stands at 34.3%, representing net assets of Rs261.47 Billion against total assets of Rs761.86 Billion INR. For live market cap and overall valuation, see Bharat Heavy Electricals Limited stock valuation.
Annual Net Asset Quality Index for Bharat Heavy Electricals Limited (2004–2026)
The table below presents the year-by-year Net Asset Quality Index for Bharat Heavy Electricals Limited from 2004 to 2026, covering 23 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check BHEL PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (INR) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 34.3% | Rs261.47 Billion | Rs761.86 Billion | Rs500.39 Billion | ▼ -2.0 pp |
| 2025 | 36.3% | Rs247.22 Billion | Rs680.83 Billion | Rs433.61 Billion | ▼ -5.0 pp |
| 2024 | 41.3% | Rs243.22 Billion | Rs588.86 Billion | Rs345.63 Billion | ▼ -1.5 pp |
| 2023 | 42.8% | Rs243.78 Billion | Rs569.20 Billion | Rs325.42 Billion | ▼ -4.3 pp |
| 2022 | 47.1% | Rs265.07 Billion | Rs562.44 Billion | Rs297.37 Billion | ▲ +0.1 pp |
| 2021 | 47.0% | Rs259.72 Billion | Rs552.40 Billion | Rs292.68 Billion | ▼ -0.1 pp |
| 2020 | 47.1% | Rs286.52 Billion | Rs607.84 Billion | Rs321.33 Billion | ▼ -1.2 pp |
| 2019 | 48.3% | Rs308.66 Billion | Rs639.19 Billion | Rs330.54 Billion | ▼ -2.6 pp |
| 2018 | 50.9% | Rs323.31 Billion | Rs635.45 Billion | Rs312.14 Billion | ▼ -1.9 pp |
| 2017 | 52.8% | Rs323.88 Billion | Rs613.47 Billion | Rs289.60 Billion | ▲ +5.2 pp |
| 2016 | 47.6% | Rs331.73 Billion | Rs696.44 Billion | Rs364.71 Billion | ▼ -0.6 pp |
| 2015 | 48.3% | Rs342.09 Billion | Rs708.89 Billion | Rs366.80 Billion | ▲ +4.2 pp |
| 2014 | 44.1% | Rs331.61 Billion | Rs752.43 Billion | Rs420.82 Billion | ▲ +1.5 pp |
| 2013 | 42.6% | Rs305.37 Billion | Rs717.53 Billion | Rs412.15 Billion | ▲ +4.9 pp |
| 2012 | 37.7% | Rs254.08 Billion | Rs674.30 Billion | Rs420.22 Billion | ▲ +3.9 pp |
| 2011 | 33.7% | Rs201.55 Billion | Rs597.37 Billion | Rs395.81 Billion | ▲ +1.1 pp |
| 2010 | 32.6% | Rs158.96 Billion | Rs487.00 Billion | Rs328.04 Billion | ▲ +1.6 pp |
| 2009 | 31.0% | Rs129.23 Billion | Rs416.54 Billion | Rs287.31 Billion | ▼ -4.1 pp |
| 2008 | 35.1% | Rs107.74 Billion | Rs306.90 Billion | Rs199.16 Billion | ▼ -2.6 pp |
| 2007 | 37.7% | Rs87.88 Billion | Rs232.98 Billion | Rs145.09 Billion | ▼ -2.4 pp |
| 2006 | 40.2% | Rs73.01 Billion | Rs181.80 Billion | Rs108.78 Billion | ▲ +0.0 pp |
| 2005 | 40.2% | Rs60.27 Billion | Rs150.10 Billion | Rs89.83 Billion | ▼ -3.4 pp |
| 2004 | 43.5% | Rs52.96 Billion | Rs121.73 Billion | Rs68.77 Billion | — |