MarketFriction

Bharat Bijlee Ltd

NSE BBL · BSE 503960 · Heavy Electrical Equipment
₹2,069.60 -1.22%
NSE close2026-10-01
52 week range2,051.70 - 3,411.00
Market cap₹2,399 Cr.
P/E21.4
Results 27-10 Price band 20% Delivery 55.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales420424587375394514619465473568767547
Expenses381385526345372461556431439534712518
Operating Profit383962292253633435345529
OPM %9%9%11%8%6%10%10%7%7%6%7%5%
Other Income710121011913101291011
Interest555333424568
Depreciation345555555566
Profit before tax374064322554683737335226
Tax %24%25%24%25%26%25%26%25%25%26%25%25%
Net Profit283049241941502828253920
EPS in Rs24.6826.2742.9521.1716.6235.9444.5124.6724.9821.8334.7717.37
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6386777749329297311,2661,4181,8721,9022,2742,356
Expenses6186587378728586921,1791,2991,6981,7302,1112,203
Operating Profit20203761703987120175171163153
OPM %3.1%2.9%4.8%7%8%5%7%8%9%9%7%6%
Other Income212768293027242938434142
Interest231923202319242423162223
Depreciation101098910121315192223
Profit before tax7187362693775111174179160149
Tax %2%20%16%33%34%29%25%25%24%25%25%
Net Profit714614246265683131134120112
EPS in Rs6.3612.7653.9636.7540.3723.0549.1973.65116.32118.24106.2598.95
Dividend Payout %0%0%2%17%15%11%30%27%30%30%33%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%25%17%18%
Compounded Profit Growth33%37%13%-19%
Stock Price CAGR19%26%6%-33%
Return on Equity6%7%7%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666666666666
Reserves2602676466867467509671,1181,3721,8591,9362,023
Borrowings13316917821519924823827928715080301
Other Liabilities201201213208197237266258386490601782
Total Liabilities5996421,0421,1141,1481,2401,4761,6602,0522,5052,6223,112
Fixed Assets847772656974102105108130129145
CWIP111782433231483
Investments883523473763535616738901,3241,3411,357
Other Assets5075566186936957908108781,0511,0481,1381,528
Total Assets5996421,0421,1141,1481,2401,4761,6602,0522,5052,6223,112
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-41-513-53531239-952241175-92
Cash from Investing Activity10-11626-20-22-13-14-10-52-54-82
Cash from Financing Activity3114-718-3410-2017-31-182-123163
Net Cash Flow0-212-10-116-6117-2-12
Free Cash Flow-43-99-1439-1522-2636209141-206
CFO/OP223%-30%44%-104%112%36%115%10%65%162%129%-31%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1271281201401001151209999747293
Inventory Days6880917481114190861167482107
Days Payable11511411510384961335471597079
Cash Conversion Cycle809497111981331781301458985120
Working Capital Days19114587949913842100303626
ROCE %-3%7%6%6%9%9%5%8%9%11%10%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters33.86%33.72%33.72%33.69%33.69%33.69%33.69%33.65%33.65%33.65%33.65%33.65%
FIIs2.07%2.14%2.32%3.60%4.79%5.30%3.79%3.63%3.67%3.57%4.10%5.84%
DIIs5.66%7.82%9.19%12.70%16.31%17.77%17.34%17.96%18.36%17.64%17.95%15.63%
Public58.40%56.33%54.77%50.02%45.23%43.26%45.19%44.75%44.33%45.13%44.30%44.88%
No. of Shareholders34,47936,69839,72350,79053,43339,23343,51845,47343,30043,49142,60241,365

Fundamentals

Market Cap₹ 2,399 Cr.
Current Price₹ 2,124
Stock P/E21.4
Book Value₹ 1,795
ROCE8.37 %
ROE6.05 %
Dividend Yield1.65 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)-19%
Standalone figures.
Valuation
Market capRs 2,339 Cr
Enterprise valueRs 2,410 Cr
P/E (TTM)20.92x
Price to book1.15x
Price to sales0.99x
EV / EBITDA12.37x
EV / EBIT14.00x
EV / sales1.02x
Earnings yield4.78%
Dividend yield1.69%
P/E, 3-year average19.22x
P/B, 3-year average1.27x
P/E, 5-year average15.02x
P/B, 5-year average0.95x
Profitability
Operating margin (excl. other income)7.16%
Operating margin (incl. other income)8.96%
EBITDA margin8.27%
Pre-tax margin6.33%
Net profit margin4.75%
Net margin, latest quarter3.59%
ROE6.05%
ROCE8.36%
ROA4.19%
ROE, 3-year average7.06%
ROCE, 3-year average9.59%
ROA, 3-year average5.06%
ROE, 5-year average6.63%
ROCE, 5-year average9.04%
ROA, 5-year average4.64%
ROIC (approx.)6.15%
Tax rate25.02%
Other income / net worth2.01%
Growth
Sales growth (latest year)19.57%
Profit growth (latest year)-10.15%
Sales CAGR, 3 years17.03%
Sales CAGR, 5 years25.48%
Profit CAGR, 3 years13.00%
Profit CAGR, 5 years35.75%
Sales growth QoQ-28.67%
Profit growth QoQ-50.05%
Sales growth YoY (latest quarter)17.70%
Profit growth YoY (latest quarter)-29.59%
Per share
EPS (TTM)Rs 98.95
EPS (latest year)Rs 106.25
EPS (latest quarter)Rs 17.37
EPS, 3-year averageRs 152.35
EPS, 5-year averageRs 140.53
Book value per shareRs 1,794.84
Sales per shareRs 2,084.44
Cash flow per shareRs -81.84
Free cash flow per shareRs -182.25
Dividend per share (latest year)Rs 34.99
Dividend per share, 3-year averageRs 46.65
Dividend per share, 5-year averageRs 41.99
Dividends
Dividend payout32.93%
Dividend payout, 3-year average30.87%
Dividend payout, 5-year average30.05%
Efficiency
Asset turnover0.73x
Fixed asset turnover15.70x
Inventory turnover3.72x
Inventory days98 days
Debtor days93 days
Debtors turnover3.94x
Creditor days79 days
Cash conversion cycle120 days
Working capital days26 days
Leverage
Total debtRs 301 Cr
Cash and bankRs 230 Cr
Net debtRs 71 Cr
Debt to equity0.15x
Net debt / EBITDA0.36x
Interest coverage7.51x
Current ratio (filing 2026-03-31)1.46x
Quick ratio (filing 2026-03-31)0.95x
Trade payables (filing 2026-03-31)Rs 353 Cr
Owners' fund to total sources65.19%
Debt to assets9.67%
Cash flow
Cash from Operating Activity (latest year)Rs -92 Cr
Cash from Investing Activity (latest year)Rs -82 Cr
Cash from Financing Activity (latest year)Rs 163 Cr
Net Cash Flow (latest year)Rs -12 Cr
Free cash flow (latest year)Rs -206 Cr
FCFE (approx.: FCF + change in debt)Rs 15 Cr
Cash from ops / profit, 5 years0.70x
Statement figures
Net sales (TTM)Rs 2,356 Cr
Net sales (latest year)Rs 2,274 Cr
Sales (latest quarter)Rs 547 Cr
Operating profit excl. other income (latest year)Rs 163 Cr
Operating profit (latest quarter)Rs 29 Cr
Other income (TTM)Rs 42 Cr
EBITDA (TTM)Rs 195 Cr
PBDT (TTM)Rs 172 Cr
Profit before tax (TTM)Rs 149 Cr
Tax (latest year)Rs 40 Cr
Net profit (TTM)Rs 112 Cr
Net profit (latest year)Rs 120 Cr
Net profit (latest quarter)Rs 20 Cr
Depreciation (TTM)Rs 23 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 23 Cr
Cost of goods sold (latest year)Rs 1,765 Cr
Total expenditure (latest year)Rs 2,111 Cr
Total income (latest year)Rs 2,315 Cr
Share capitalRs 6 Cr
ReservesRs 2,023 Cr
Shareholders' fundsRs 2,029 Cr
Total assetsRs 3,112 Cr
Net blockRs 145 Cr
Capital work in progressRs 83 Cr
InvestmentsRs 1,357 Cr
ReceivablesRs 577 Cr
InventoryRs 474 Cr
Other liabilitiesRs 782 Cr
Shares outstanding (crore)1.13
Ownership
Promoter holding33.65% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 20.9 is at the 38th percentile of its own 9.4-year range (median 24.8, low 7.8, high 68.1).
P/B 1.15 is at the 50th percentile (median 1.13).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBBLNifty 50Difference
1 week-6.1%-2.8% -3.3 pts
1 month-10.8%-6.8% -4.0 pts
3 months-23.9%-7.6% -16.2 pts
6 months+0.0%+0.4% -0.4 pts
1 year-34.6%-9.9% -24.7 pts
2 years-55.9%-13.6% -42.3 pts
3 years+14.8%+14.2% +0.6 pts
5 years+213.3%+27.9% +185.4 pts
26 mutual fund schemes hold about ₹239 Cr. Over three months 6 bought more and 10 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HSBC Value Fund0.26%41 +4%
HSBC Flexi Cap Fund0.59%36 +1%
Quant Infrastructure Fund0.96%30 +9%
LIC MF Infra Fund1.86%22 +4%
HSBC Multi Cap Fund0.34%20 -2%
LIC MF Manufacturing Fund2.13%17 +8%
LIC MF Multi Cap Fund0.69%16 -3%
HSBC Infrastructure Fund0.52%13 +7%
JM Value Fund0.93%8 +1%
LIC MF Small Cap Fund0.86%7 -36%
JM Small Cap Fund0.70%7 -3%
HSBC Balanced Advantage Fund0.39%6 +7%
LIC MF Dividend Yield Fund0.57%4 +2%
HSBC Business Cycles Fund0.34%4 +3%
LIC MF Dividend Yield Fund0.57%4 +2%
Tata Children's Fund0.64%2 +9%
LIC MF Value Fund0.59%2 -16%
LIC MF Value Fund0.59%2 -16%
Motilal Oswal BSE 1000 Index Fund0.01%0 +5%
Aditya Birla SL Bal Bhavishya Yojna0.00%0 -100%
WOC ELSS Tax Saver Fund0.00%0 -100%
LIC MF ULIS Regular Premium Uniform Cover Yrly 15Y0.00%0 -100%
WOC Flexi Cap Fund0.00%0 -100%
WOC Large & Mid Cap Fund0.00%0 -100%
WOC Mid Cap Fund0.00%0 -100%

Red flags

F-score 3 of 8
explainReceivables outrunning sales Receivables grew 53% vs sales +20% in 2026
explainDebt up, profit down Borrowings up 276% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 61% vs sales +20% in 2026
lookRegulator order or action Regulator order or action 2026-10-01: Bharat Bijlee Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹547 Cr +17.6% vs Jun 2025. Net profit ₹20 Cr -28.6%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Bharat Heavy Electricals Ltd143,93159.29.14 %
ABB India Ltd141,14291.629.9 %
Hitachi Energy India Ltd136,99311529.4 %
CG Power & Industrial Solutions Ltd135,18310626.7 %
Siemens Ltd132,12187.921.4 %
GE Vernova T&D India Ltd108,55480.477.4 %
Suzlon Energy Ltd53,86217.134.2 %
Thermax Ltd39,21471.213.9 %
Schneider Electric Infrastructure Ltd28,51714729.6 %
TD Power Systems Ltd24,38688.734.0 %
Azad Engineering Ltd18,82013511.9 %
Triveni Turbine Ltd17,27949.834.1 %
Atlanta Electricals Ltd12,56657.645.3 %
Quality Power Electrical Equipments Ltd12,50293.831.7 %
Inox Wind Ltd12,35735.910.6 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-15Dividend - Rs 35 Per Share
2025-09-04Dividend - Rs 35 Per Share
2024-08-21Annual General Meeting/Dividend - Rs 35 Per Share
2024-04-24Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2023-09-06Annual General Meeting/Dividend - Rs 40 Per Share
2022-09-19Annual General Meeting/Dividend - Rs 30 Per Share
2021-09-15 Annual General Meeting/Dividend - Rs 5 Per Share
2020-09-18 Annual General Meeting
2020-03-05 Interim Dividend - Rs 12.50 Per Share
2019-08-29 Annual General Meeting/Dividend - Rs 12.50 Per Share
2018-06-19 Annual General Meeting / Dividend- Rs 2.50 Per Share
2017-06-21 Annual General Meeting
2016-09-09 Annual General Meeting
2015-09-14 Annual General Meeting
2014-09-04Annual General Meeting
2012-06-21Annual General Meeting And Dividend - Rs.25/- Per Share
2011-06-16Annual General Meeting And Dividend Rs.25/- Per Share
2010-06-17Annual General Meeting And Dividend Rs.25/- Per Share
2009-06-23Agm/Div-Rs.25/- Per Share
2008-06-12Agm/Dividend - 300%
2007-06-14Agm/Dividend-250%
DateTypeWhat it says
2026-10-01Regulatory actionAction(s) taken or orders passed
2026-09-15Regulatory actionAction(s) taken or orders passed
2026-08-04Change in ManagementChange in Management (Senior Management Personnel)
2026-08-04Board meeting outcomeBharat Bijlee Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Shareholder meetingVoting results of the 79th Annual General Meeting held on July 23, 2026
2026-07-23Shareholder meetingBharat Bijlee Limited has submitted the Exchange a copy Srutinizers report of the 79th Annual General Meeting held on July 23, 2026
2026-07-23Shareholder meetingProceedings of the 79th Annual General Meeting held on July 23, 2026
2026-07-03UpdatesCommunication to shareholders - Deduction of Tax at Source on Dividend.
2026-07-02UpdatesLetter to the Shareholders, for Web-Link of Annual Report and Notice pf AGM, for F.Y. 2025-2026.
2026-06-26Shareholder meetingNotice of Annual General Meeting to be held on July 23, 2026
2026-06-22Disclosure under SEBI TakeovBharat Bijlee Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substan...
2026-06-09Credit RatingCredit Rating
2026-06-03Disclosure under SEBI TakeovNikhil J. Danani and Nakul P. Mehta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of ...
2026-05-14Revised Record dateThe Record date has been revised to 15-Jul-2026 for the purpose of DI.
2026-05-14Revised Record dateThe Record date has been revised to 15-Jul-2026 for the purpose of DI.
2026-05-12Record DateRecord date for the purpose of Dividend is 16-Jul-2026.
2026-05-12Record DateRecord date for the purpose of Dividend is 16-Jul-2026.
2026-05-12Board meeting outcomeBharat Bijlee Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-12DividendBoard of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 35 per equity share.
2026-02-09Board meeting outcomeBharat Bijlee Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-28Shareholder meetingProceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report.
2025-10-27Shareholder meetingNotice of Postal Ballot
2025-10-16Board meeting outcomeBharat Bijlee Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-06-02NCLTBharat Bijlee Ltd. Vs JBF Petrochemicals Ltd.
2021-06-02NCLTBharat Bijlee Ltd. Vs JBF Petrochemicals Ltd.
2021-03-30NCLTBharat Bijlee Ltd. Vs JBF Petrochemicals Ltd.
2021-03-30NCLTBharat Bijlee Ltd. Vs JBF Petrochemicals Ltd.
2021-02-19NCLTBharat Bijlee Ltd. Vs JBF Petrochemicals Ltd.
2021-02-19NCLTBharat Bijlee Ltd. Vs JBF Petrochemicals Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bharat Bijlee Ltd?

Bharat Bijlee Ltd (BBL) has a market capitalisation of Rs 2,399 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bharat Bijlee Ltd?

Bharat Bijlee Ltd trades at a P/E of 21.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bharat Bijlee Ltd's latest quarterly results?

In the Jun 2026 quarter, Bharat Bijlee Ltd sales was Rs 547 Cr (+17.6% vs Jun 2025) and net profit was Rs 20 Cr.

What is the 52-week high and low of Bharat Bijlee Ltd?

The 52-week high is Rs 3,411.00 and the 52-week low is Rs 2,051.70.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03