Bharat Bijlee Ltd
Established in 1946, Bharat Bijlee is a leading electrical engineering company in India engaged in manufacturing of transformers, electric motors, elevator systems, drives and automation. It also provides turnkey solutions for EHV switchyards, HV and MV substations, Electrical Balance of Plant, etc. [1]
- Market Cap ₹ 3,510 Cr.
- Current Price ₹ 3,106
- High / Low ₹ 4,869 / 2,350
- Stock P/E 23.9
- Book Value ₹ 1,942
- Dividend Yield 1.13 %
- ROCE 9.66 %
- ROE 7.00 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 24.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 29.0%
- Company's working capital requirements have reduced from 55.3 days to 36.3 days
Cons
- Promoter holding is low: 33.6%
- Company has a low return on equity of 7.25% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
485 | 610 | 638 | 677 | 774 | 932 | 929 | 731 | 1,266 | 1,418 | 1,872 | 1,902 | 2,071 | |
491 | 628 | 618 | 658 | 737 | 872 | 858 | 692 | 1,179 | 1,299 | 1,698 | 1,730 | 1,887 | |
Operating Profit | -6 | -18 | 20 | 20 | 37 | 61 | 70 | 39 | 87 | 120 | 175 | 171 | 185 |
OPM % | -1% | -3% | 3% | 3% | 5% | 7% | 8% | 5% | 7% | 8% | 9% | 9% | 9% |
18 | 18 | 21 | 27 | 68 | 29 | 30 | 27 | 24 | 29 | 38 | 43 | 45 | |
Interest | 15 | 23 | 23 | 19 | 23 | 20 | 23 | 19 | 24 | 24 | 23 | 16 | 13 |
Depreciation | 11 | 12 | 10 | 10 | 9 | 8 | 9 | 10 | 12 | 13 | 15 | 19 | 20 |
Profit before tax | -13 | -34 | 7 | 18 | 73 | 62 | 69 | 37 | 75 | 111 | 174 | 179 | 196 |
Tax % | -16% | -1% | 2% | 20% | 16% | 33% | 34% | 29% | 25% | 25% | 24% | 25% | |
-11 | -34 | 7 | 14 | 61 | 42 | 46 | 26 | 56 | 83 | 131 | 134 | 147 | |
EPS in Rs | -9.99 | -30.13 | 6.36 | 12.76 | 53.96 | 36.75 | 40.37 | 23.05 | 49.19 | 73.65 | 116.32 | 118.24 | 130.10 |
Dividend Payout % | 0% | 0% | 0% | 0% | 2% | 17% | 15% | 11% | 30% | 27% | 30% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 15% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 25% |
3 Years: | 34% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 57% |
3 Years: | 46% |
1 Year: | -35% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 295 | 260 | 267 | 646 | 686 | 746 | 750 | 967 | 1,118 | 1,372 | 1,859 | 1,936 | 2,189 |
81 | 133 | 169 | 178 | 215 | 199 | 248 | 238 | 279 | 287 | 150 | 80 | 191 | |
193 | 201 | 201 | 213 | 208 | 197 | 237 | 266 | 258 | 386 | 490 | 601 | 723 | |
Total Liabilities | 576 | 599 | 642 | 1,042 | 1,114 | 1,148 | 1,240 | 1,476 | 1,660 | 2,052 | 2,505 | 2,622 | 3,109 |
94 | 84 | 77 | 72 | 65 | 69 | 74 | 102 | 105 | 108 | 130 | 129 | 130 | |
CWIP | 1 | 1 | 1 | 1 | 7 | 8 | 24 | 3 | 3 | 2 | 3 | 14 | 47 |
Investments | 12 | 8 | 8 | 352 | 347 | 376 | 353 | 561 | 673 | 890 | 1,324 | 1,341 | 1,623 |
469 | 507 | 556 | 618 | 693 | 695 | 790 | 810 | 878 | 1,051 | 1,048 | 1,138 | 1,308 | |
Total Assets | 576 | 599 | 642 | 1,042 | 1,114 | 1,148 | 1,240 | 1,476 | 1,660 | 2,052 | 2,505 | 2,622 | 3,109 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | -41 | -5 | 13 | -53 | 53 | 12 | 39 | -9 | 52 | 241 | 175 | |
11 | 10 | -11 | 6 | 26 | -20 | -22 | -13 | -14 | -10 | -52 | -54 | |
-18 | 31 | 14 | -7 | 18 | -34 | 10 | -20 | 17 | -31 | -182 | -123 | |
Net Cash Flow | -1 | 0 | -2 | 12 | -10 | -1 | 1 | 6 | -6 | 11 | 7 | -2 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 119 | 127 | 128 | 120 | 140 | 100 | 115 | 120 | 99 | 99 | 74 | 72 |
Inventory Days | 120 | 68 | 80 | 91 | 74 | 81 | 114 | 190 | 86 | 116 | 74 | 82 |
Days Payable | 142 | 115 | 114 | 115 | 103 | 84 | 96 | 133 | 54 | 71 | 59 | 70 |
Cash Conversion Cycle | 97 | 80 | 94 | 97 | 111 | 98 | 133 | 178 | 130 | 145 | 89 | 85 |
Working Capital Days | 134 | 19 | 11 | 45 | 87 | 94 | 99 | 138 | 42 | 100 | 30 | 36 |
ROCE % | 0% | -3% | 7% | 6% | 6% | 9% | 9% | 5% | 8% | 9% | 11% | 10% |
Documents
Announcements
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Board Meeting Outcome for Outcome Of The Board Meeting Held On Thursday, October 16, 2025
1d - Approved Q2/H1 Sep 30, 2025 results; proposed ₹1,500 Crore borrowing limit; postal ballot cut-off Oct 24, 2025.
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Update on board meeting
10 Oct - Board meeting Oct 16, 2025 to approve unaudited Q2/H1 results ended Sep 30; trading window closed Oct 1–18.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2025.
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Board Meeting Intimation for The Approval And Adoption Of The Unaudited Financial Results Of The Company, For The Quarter And Half Year Ended September 30, 2025
26 Sep - Board meeting Oct 16, 2025 to approve unaudited Q2/H1 results; trading window closed Oct 1–18, 2025.
- Closure of Trading Window 26 Sep
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Segments