Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited operates as power plant equipment manufacturer in India and internationally. The company operates in two segments: Power and Industry. It offers equipment supplies; spares and services; and undertakes engineering, procurement, and construction works for coal and lignite, gas, hydro and nuclear power plant, as well as for transportation, transmission, defence, aero… Read more
Bharat Heavy Electricals Limited (BHEL) - Net Assets
Latest net assets as of September 2025: ₹244.00 Billion INR
Based on the latest financial reports, Bharat Heavy Electricals Limited (BHEL) has net assets worth ₹244.00 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹719.72 Billion) and total liabilities (₹475.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹244.00 Billion |
| % of Total Assets | 33.9% |
| Annual Growth Rate | 7.61% |
| 5-Year Change | -4.81% |
| 10-Year Change | -25.48% |
| Growth Volatility | 12.32 |
Bharat Heavy Electricals Limited - Net Assets Trend (2004–2025)
This chart illustrates how Bharat Heavy Electricals Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bharat Heavy Electricals Limited (2004–2025)
The table below shows the annual net assets of Bharat Heavy Electricals Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹247.22 Billion | +1.16% |
| 2024-03-31 | ₹244.39 Billion | -8.91% |
| 2023-03-31 | ₹268.28 Billion | +1.21% |
| 2022-03-31 | ₹265.07 Billion | +2.06% |
| 2021-03-31 | ₹259.72 Billion | -9.35% |
| 2020-03-31 | ₹286.52 Billion | -7.17% |
| 2019-03-31 | ₹308.66 Billion | -4.53% |
| 2018-03-31 | ₹323.31 Billion | -0.18% |
| 2017-03-31 | ₹323.88 Billion | -2.37% |
| 2016-03-31 | ₹331.73 Billion | -3.03% |
| 2015-03-31 | ₹342.09 Billion | +3.16% |
| 2014-03-31 | ₹331.61 Billion | +8.59% |
| 2013-03-31 | ₹305.37 Billion | +20.19% |
| 2012-03-31 | ₹254.08 Billion | +26.06% |
| 2011-03-31 | ₹201.55 Billion | +26.79% |
| 2010-03-31 | ₹158.96 Billion | +23.01% |
| 2009-03-31 | ₹129.23 Billion | +19.94% |
| 2008-03-31 | ₹107.74 Billion | +22.60% |
| 2007-03-31 | ₹87.88 Billion | +20.36% |
| 2006-03-31 | ₹73.01 Billion | +21.15% |
| 2005-03-31 | ₹60.27 Billion | +13.80% |
| 2004-03-31 | ₹52.96 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bharat Heavy Electricals Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 217.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹6.96 Billion | 2.82% |
| Other Comprehensive Income | ₹240.26 Billion | 97.18% |
| Other Components | ₹59.43 Billion | 24.04% |
| Total Equity | ₹247.22 Billion | 100.00% |
Bharat Heavy Electricals Limited Competitors by Market Cap
The table below lists competitors of Bharat Heavy Electricals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EREGLI DEM CEL FABR DL1
F:EDVA
|
$4.24 Billion |
|
Li Ning Company Limited
PINK:LNNGF
|
$4.24 Billion |
|
Magnolia Oil & Gas Corp
NYSE:MGY
|
$4.25 Billion |
|
Hongfa Technology Co Ltd
SHG:600885
|
$4.25 Billion |
|
Sands China Ltd
PINK:SCHYF
|
$4.24 Billion |
|
Neoenergia S.A.
F:2Q40
|
$4.24 Billion |
|
Gecina SA
OTCGREY:GECFF
|
$4.24 Billion |
|
Rush Enterprises A Inc
NASDAQ:RUSHA
|
$4.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bharat Heavy Electricals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 244,386,500,000 to 247,221,600,000, a change of 2,835,100,000 (1.2%).
- Net income of 5,339,000,000 contributed positively to equity growth.
- Dividend payments of 874,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 243,700,200,000.
- Other factors decreased equity by 245,329,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹5.34 Billion | +2.16% |
| Dividends Paid | ₹874.40 Million | -0.35% |
| Other Comprehensive Income | ₹243.70 Billion | +98.58% |
| Other Changes | ₹-245.33 Billion | -99.23% |
| Total Change | ₹- | 1.16% |
Book Value vs Market Value Analysis
This analysis compares Bharat Heavy Electricals Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17.92x to 3.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹14.42 | ₹258.50 | x |
| 2005-03-31 | ₹16.42 | ₹258.50 | x |
| 2006-03-31 | ₹19.89 | ₹258.50 | x |
| 2007-03-31 | ₹25.24 | ₹258.50 | x |
| 2008-03-31 | ₹29.35 | ₹258.50 | x |
| 2009-03-31 | ₹35.20 | ₹258.50 | x |
| 2010-03-31 | ₹43.30 | ₹258.50 | x |
| 2011-03-31 | ₹54.90 | ₹258.50 | x |
| 2012-03-31 | ₹69.19 | ₹258.50 | x |
| 2013-03-31 | ₹83.16 | ₹258.50 | x |
| 2014-03-31 | ₹90.31 | ₹258.50 | x |
| 2015-03-31 | ₹93.17 | ₹258.50 | x |
| 2016-03-31 | ₹90.35 | ₹258.50 | x |
| 2017-03-31 | ₹88.22 | ₹258.50 | x |
| 2018-03-31 | ₹88.07 | ₹258.50 | x |
| 2019-03-31 | ₹85.06 | ₹258.50 | x |
| 2020-03-31 | ₹82.31 | ₹258.50 | x |
| 2021-03-31 | ₹74.62 | ₹258.50 | x |
| 2022-03-31 | ₹76.12 | ₹258.50 | x |
| 2023-03-31 | ₹70.01 | ₹258.50 | x |
| 2024-03-31 | ₹70.18 | ₹258.50 | x |
| 2025-03-31 | ₹71.00 | ₹258.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bharat Heavy Electricals Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.95%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.75x
- Recent ROE (2.16%) is below the historical average (11.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 12.43% | 8.21% | 0.66x | 2.30x | ₹1.29 Billion |
| 2005 | 15.82% | 10.01% | 0.63x | 2.49x | ₹3.51 Billion |
| 2006 | 23.00% | 12.56% | 0.74x | 2.49x | ₹9.49 Billion |
| 2007 | 27.48% | 14.01% | 0.74x | 2.65x | ₹15.36 Billion |
| 2008 | 26.54% | 14.81% | 0.63x | 2.85x | ₹17.82 Billion |
| 2009 | 24.11% | 11.76% | 0.64x | 3.22x | ₹18.23 Billion |
| 2010 | 27.22% | 13.05% | 0.68x | 3.06x | ₹27.37 Billion |
| 2011 | 30.03% | 14.46% | 0.70x | 2.96x | ₹40.38 Billion |
| 2012 | 27.90% | 14.83% | 0.71x | 2.65x | ₹45.47 Billion |
| 2013 | 21.92% | 13.82% | 0.68x | 2.35x | ₹36.40 Billion |
| 2014 | 10.56% | 8.94% | 0.52x | 2.27x | ₹1.87 Billion |
| 2015 | 4.25% | 4.78% | 0.43x | 2.07x | ₹-19.68 Billion |
| 2016 | -2.12% | -2.76% | 0.37x | 2.10x | ₹-40.21 Billion |
| 2017 | 1.41% | 1.66% | 0.45x | 1.89x | ₹-27.82 Billion |
| 2018 | 1.36% | 1.58% | 0.44x | 1.97x | ₹-27.92 Billion |
| 2019 | 3.26% | 3.41% | 0.46x | 2.07x | ₹-20.82 Billion |
| 2020 | -5.12% | -7.15% | 0.34x | 2.12x | ₹-43.32 Billion |
| 2021 | -10.38% | -16.55% | 0.29x | 2.13x | ₹-52.95 Billion |
| 2022 | 1.68% | 2.21% | 0.36x | 2.12x | ₹-22.05 Billion |
| 2023 | 2.61% | 2.88% | 0.37x | 2.44x | ₹-18.00 Billion |
| 2024 | 1.15% | 1.23% | 0.39x | 2.41x | ₹-21.62 Billion |
| 2025 | 2.16% | 1.95% | 0.40x | 2.75x | ₹-19.38 Billion |
Industry Comparison
This section compares Bharat Heavy Electricals Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $5,750,865,681
- Average return on equity (ROE) among peers: 17.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bharat Heavy Electricals Limited (BHEL) | ₹244.00 Billion | 12.43% | 1.95x | $4.24 Billion |
| Aaron Industries Limited (AARON) | $108.01 Million | 12.44% | 0.77x | $9.24 Million |
| Ador Welding Limited (ADORWELD) | $1.47 Billion | 17.36% | 0.26x | $74.72 Million |
| Affordable Robotic & Automation Limited (AFFORDABLE) | $1.13 Billion | 5.71% | 1.11x | $17.69K |
| AIA Engineering Limited (AIAENG) | $22.90 Billion | 19.95% | 0.19x | $1.29 Billion |
| The Anup Engineering Limited (ANUP) | $910.82 Million | 26.36% | 0.46x | $186.61 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $43.62 Million | 14.95% | 2.96x | $3.46 Million |
| Azad Engineering Limited (AZAD) | $6.45 Billion | 9.08% | 0.24x | $466.28 Million |
| Cummins India Limited (CUMMINSIND) | $15.61 Billion | 28.43% | 0.53x | $7.16 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $3.13 Billion | 19.78% | 1.49x | $118.56 Million |