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Bharat Heavy Electricals Valuation Multiples
Discover revenue and EBITDA valuation multiples for Bharat Heavy Electricals and similar public comparables like Chuantou Energy, Rational, RoboTechnik, Trelleborg and more.
Bharat Heavy Electricals Overview
About Bharat Heavy Electricals
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer and engineering company in India. Its products and services serve power, transportation, energy, oil and gas, defense, and other industrial markets. The company has three business segments: Power (which contributes the majority of total revenue), Industry sector and International Operations. Bharat's product portfolio consists of heavy industrial equipment and components, including turbines, valves, pumps, boilers, and insulators. In addition, the company offers aftersales service to customers for maintenance and repairs and can help synchronize power plants. The majority of total revenue is derived from India, but the company has a footprint in many different regions.
Founded
1964
HQ
Employees
27.8K
Website
Financials (LTM)
EV
$10B
Bharat Heavy Electricals Financials
Bharat Heavy Electricals reported last 12-month revenue of $4B and EBITDA of $223M.
In the same LTM period, Bharat Heavy Electricals generated $1B in gross profit, $223M in EBITDA, and $137M in net income.
Revenue (LTM)
Bharat Heavy Electricals P&L
In the most recent fiscal year, Bharat Heavy Electricals reported revenue of $3B and EBITDA of $191M.
Bharat Heavy Electricals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $921M | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 28% | XXX | XXX | XXX |
| EBITDA | $223M | XXX | $191M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $137M | XXX | $60M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $910M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Bharat Heavy Electricals Stock Performance
Bharat Heavy Electricals has current market cap of $10B, and enterprise value of $10B.
Market Cap Evolution
Bharat Heavy Electricals' stock price is $2.83.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $10B | -0.1% | XXX | XXX | XXX | $0.02 |
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Start Free TrialBharat Heavy Electricals Valuation Multiples
Bharat Heavy Electricals trades at 2.8x EV/Revenue multiple, and 45.4x EV/EBITDA.
EV / Revenue (LTM)
Bharat Heavy Electricals Financial Valuation Multiples
As of March 19, 2026, Bharat Heavy Electricals has market cap of $10B and EV of $10B.
Equity research analysts estimate Bharat Heavy Electricals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bharat Heavy Electricals has a P/E ratio of 72.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | 3.0x | XXX | XXX | XXX |
| EV/EBITDA | 45.4x | XXX | 52.8x | XXX | XXX | XXX |
| EV/EBIT | 52.7x | XXX | 84.0x | XXX | XXX | XXX |
| EV/Gross Profit | 8.7x | XXX | 11.0x | XXX | XXX | XXX |
| P/E | 72.0x | XXX | 165.0x | XXX | XXX | XXX |
| EV/FCF | 41.4x | XXX | 48.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Bharat Heavy Electricals Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Bharat Heavy Electricals Margins & Growth Rates
Bharat Heavy Electricals' revenue in the last 12 month grew by 29%.
Bharat Heavy Electricals' revenue per employee in the last FY averaged $0.1M.
Bharat Heavy Electricals' rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bharat Heavy Electricals' rule of X is 78% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Bharat Heavy Electricals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 105% | XXX | 18% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 78% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Bharat Heavy Electricals Public Comps
See public comps and valuation multiples for other Energy Equipment and Industrial Parts comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Chuantou Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Rational | XXX | XXX | XXX | XXX | XXX | XXX |
| RoboTechnik | XXX | XXX | XXX | XXX | XXX | XXX |
| Trelleborg | XXX | XXX | XXX | XXX | XXX | XXX |
| IMI plc | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Bharat Heavy Electricals M&A Activity
Bharat Heavy Electricals acquired XXX companies to date.
Last acquisition by Bharat Heavy Electricals was on XXXXXXXX, XXXXX. Bharat Heavy Electricals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Bharat Heavy Electricals
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBharat Heavy Electricals Investment Activity
Bharat Heavy Electricals invested in XXX companies to date.
Bharat Heavy Electricals made its latest investment on XXXXXXXX, XXXXX. Bharat Heavy Electricals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Bharat Heavy Electricals
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Bharat Heavy Electricals
| When was Bharat Heavy Electricals founded? | Bharat Heavy Electricals was founded in 1964. |
| Where is Bharat Heavy Electricals headquartered? | Bharat Heavy Electricals is headquartered in India. |
| How many employees does Bharat Heavy Electricals have? | As of today, Bharat Heavy Electricals has over 27K employees. |
| Is Bharat Heavy Electricals publicly listed? | Yes, Bharat Heavy Electricals is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Bharat Heavy Electricals? | Bharat Heavy Electricals trades under BHEL ticker. |
| When did Bharat Heavy Electricals go public? | Bharat Heavy Electricals went public in 2003. |
| Who are competitors of Bharat Heavy Electricals? | Bharat Heavy Electricals main competitors are Chuantou Energy, Rational, RoboTechnik, Trelleborg. |
| What is the current market cap of Bharat Heavy Electricals? | Bharat Heavy Electricals' current market cap is $10B. |
| What is the current revenue of Bharat Heavy Electricals? | Bharat Heavy Electricals' last 12 months revenue is $4B. |
| What is the current revenue growth of Bharat Heavy Electricals? | Bharat Heavy Electricals revenue growth (NTM/LTM) is 29%. |
| What is the current EV/Revenue multiple of Bharat Heavy Electricals? | Current revenue multiple of Bharat Heavy Electricals is 2.8x. |
| Is Bharat Heavy Electricals profitable? | Yes, Bharat Heavy Electricals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Bharat Heavy Electricals? | Bharat Heavy Electricals' last 12 months EBITDA is $223M. |
| What is Bharat Heavy Electricals' EBITDA margin? | Bharat Heavy Electricals' last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Bharat Heavy Electricals? | Current EBITDA multiple of Bharat Heavy Electricals is 45.4x. |
| What is the current FCF of Bharat Heavy Electricals? | Bharat Heavy Electricals' last 12 months FCF is $244M. |
| What is Bharat Heavy Electricals' FCF margin? | Bharat Heavy Electricals' last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Bharat Heavy Electricals? | Current FCF multiple of Bharat Heavy Electricals is 41.4x. |
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