BHEL: UBS on BHEL Maintains Neutral, raises Target Price to ₹500; Q2 revenue/EBITDA grew 24%/77% YoY, beating consensus by 12%/59%, while EBITDA margin expanded 330bps to 11% and gross margin rose 600bps to 36.5%; Power and Industry revenue grew 17%/45%, but order inflows fell 82% YoY to ₹40bn amid the absence of large thermal orders.

 15 Oct 2026 08:52 AM

BHEL: UBS on BHEL Maintains Neutral, raises Target Price to ₹500; Q2 revenue/EBITDA grew 24%/77% YoY, beating consensus by 12%/59%, while EBITDA margin expanded 330bps to 11% and gross margin rose 600bps to 36.5%; Power and Industry revenue grew 17%/45%, but order inflows fell 82% YoY to ₹40bn amid the absence of large thermal orders.

BHEL: Jefferies on BHEL Downgrades to Underperform, Target Price ₹335; Q2 EBITDA beat estimates by 12% as margins rose 330bps to 11%, led by a 420bps improvement in Industry margins; raises FY27–30 EBITDA estimates by over 17%, but prefers T&D equipment makers such as Hitachi Energy and Siemens Energy to play the power upcycle.

 15 Oct 2026 08:52 AM

BHEL: Jefferies on BHEL Downgrades to Underperform, Target Price ₹335; Q2 EBITDA beat estimates by 12% as margins rose 330bps to 11%, led by a 420bps improvement in Industry margins; raises FY27–30 EBITDA estimates by over 17%, but prefers T&D equipment makers such as Hitachi Energy and Siemens Energy to play the power upcycle.

BHEL: CLSA on BHEL Maintains Underperform, raises Target Price to ₹351; Q2 revenue grew 24% YoY and EBITDA margin expanded 330bps to 11%, prompting a 10–11% increase in FY27–29 PAT estimates; however, rising competition from Chinese suppliers, JSW Toshiba, L&T and Thermax threatens thermal-equipment dominance, while the backlog appears to have peaked and the stock looks expensive at 39x FY28CL earnings.

 15 Oct 2026 08:52 AM

BHEL: CLSA on BHEL Maintains Underperform, raises Target Price to ₹351; Q2 revenue grew 24% YoY and EBITDA margin expanded 330bps to 11%, prompting a 10–11% increase in FY27–29 PAT estimates; however, rising competition from Chinese suppliers, JSW Toshiba, L&T and Thermax threatens thermal-equipment dominance, while the backlog appears to have peaked and the stock looks expensive at 39x FY28CL earnings.

Bharat Heavy Electricals: Approves ₹5 Billion Investment For Haridwar Unit And Merges Mumbai Repair Plant With Bengaluru Electronics Division

 14 Oct 2026 01:52 PM

Bharat Heavy Electricals: Approves ₹5 Billion Investment For Haridwar Unit And Merges Mumbai Repair Plant With Bengaluru Electronics Division

BHEL: Q2 SL NET PROFIT 8.1B RUPEES VS 3.68B (YOY); EST 6.54B

 14 Oct 2026 01:36 PM

BHEL: Q2 SL NET PROFIT 8.1B RUPEES VS 3.68B (YOY); EST 6.54B

BHEL: Q2 REVENUE 93B RUPEES VS 75.12B (YOY); EST 92.36B

 14 Oct 2026 01:38 PM

BHEL: Q2 REVENUE 93B RUPEES VS 75.12B (YOY); EST 92.36B

BHEL: Q2 EBITDA 10B RUPEES VS 5.8B (YOY), EST 8.81B; Q2 EBITDA MARGIN 11.03% VS 7.73% (YOY), EST 9.5%

 14 Oct 2026 01:37 PM

BHEL: Q2 EBITDA 10B RUPEES VS 5.8B (YOY), EST 8.81B; Q2 EBITDA MARGIN 11.03% VS 7.73% (YOY), EST 9.5%

Bharat Heavy Electricals: Teams Up With Titagarh Rail Systems Limited To Form A 50:50 Joint Venture For Vande Bharat Sleeper Trainsets Maintenance Over 35 Years.

 15 Sep 2026 04:10 PM

Bharat Heavy Electricals: Teams Up With Titagarh Rail Systems Limited To Form A 50:50 Joint Venture For Vande Bharat Sleeper Trainsets Maintenance Over 35 Years.

BHEL: Approves Extra ₹65 Crore Investment In NTPC-BHEL Power Project Partnership

 15 Sep 2026 07:52 AM

BHEL: Approves Extra ₹65 Crore Investment In NTPC-BHEL Power Project Partnership

Govt Proposal For Gst Cut Of 5% On Small Modular Nuclear Reactors - ET Now ( Bhel, Walchandnagar , Hcc )

 19 Aug 2026 01:37 PM

Govt Proposal For Gst Cut Of 5% On Small Modular Nuclear Reactors - ET Now ( Bhel, Walchandnagar , Hcc )

BHEL: Jefferies on BHEL Maintains Underperform with Target Price of ₹270 as execution remains challenging despite improving power equipment demand.

 18 Aug 2026 08:55 AM

BHEL: Jefferies on BHEL Maintains Underperform with Target Price of ₹270 as execution remains challenging despite improving power equipment demand.

BHEL: Co Enters Strategic Agreement With HYSTAR AS From Norway For PEM Electrolyser Systems For Green Hydrogen Initiatives.

 13 Aug 2026 02:05 PM

BHEL: Co Enters Strategic Agreement With HYSTAR AS From Norway For PEM Electrolyser Systems For Green Hydrogen Initiatives.

BHEL: Wins Big Order From Nigeria's Dangote Petroleum Refinery For Gas Turbine Generator Packages Supply And Supervision.- PTI

 29 Jul 2026 11:21 AM

BHEL: Wins Big Order From Nigeria's Dangote Petroleum Refinery For Gas Turbine Generator Packages Supply And Supervision.- PTI

BHEL: Company Will Produce India's First Homegrown Fast Chargers For Electric Trucks And Buses. - Mint

 17 Jul 2026 08:58 AM

BHEL: Company Will Produce India's First Homegrown Fast Chargers For Electric Trucks And Buses. - Mint

BHARAT HEAVY ELECTRICALS: Q1 SL NET PROFIT 3.8B RUPEES VS LOSS 4.55B (YOY); EST PROFIT 505M

 16 Jul 2026 02:19 PM

BHARAT HEAVY ELECTRICALS: Q1 SL NET PROFIT 3.8B RUPEES VS LOSS 4.55B (YOY); EST PROFIT 505M

BHARAT HEAVY ELECTRICALS: Q1 REVENUE 77B RUPEES VS 54.86B (YOY); EST 69.59B

 16 Jul 2026 02:20 PM

BHARAT HEAVY ELECTRICALS: Q1 REVENUE 77B RUPEES VS 54.86B (YOY); EST 69.59B

BHARAT HEAVY ELECTRICALS: Q1 EBITDA GAIN 5B RUPEES VS LOSS 5.37B (YOY); EST GAIN 1.28B || Q1 EBITDA MARGIN 6.55% VS EST 1.80%

 16 Jul 2026 02:20 PM

BHARAT HEAVY ELECTRICALS: Q1 EBITDA GAIN 5B RUPEES VS LOSS 5.37B (YOY); EST GAIN 1.28B || Q1 EBITDA MARGIN 6.55% VS EST 1.80%

Bharat Heavy Electricals: To Review Q1 Results On July 16

 09 Jul 2026 05:10 PM

Bharat Heavy Electricals: To Review Q1 Results On July 16

BHEL: Co Signs Strategic Collaboration Agreement With M/S Thyssenkrup Nucera For Alkaline Electrolyser System For Green Hydrogen Projects.

 07 Jul 2026 01:28 PM

BHEL: Co Signs Strategic Collaboration Agreement With M/S Thyssenkrup Nucera For Alkaline Electrolyser System For Green Hydrogen Projects.

India Accepts Chinese Companies' Participation In Essential Projects (BHEL)

 03 Jul 2026 09:23 AM

India Accepts Chinese Companies' Participation In Essential Projects (BHEL)