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 ₹ 2,703 Cr.
- Current Price ₹ 2,390
- High / Low ₹ 3,411 / 2,009
- Stock P/E 24.2
- Book Value ₹ 1,795
- Dividend Yield 1.46 %
- ROCE 8.37 %
- ROE 6.05 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 30.9%
Cons
- Promoter holding is low: 33.6%
- Company has a low return on equity of 6.95% 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE Industrials BSE 1000
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 610 | 638 | 677 | 774 | 932 | 929 | 731 | 1,266 | 1,418 | 1,872 | 1,902 | 2,274 | 2,356 | |
| 628 | 618 | 658 | 737 | 872 | 858 | 692 | 1,179 | 1,299 | 1,698 | 1,730 | 2,111 | 2,203 | |
| Operating Profit | -18 | 20 | 20 | 37 | 61 | 70 | 39 | 87 | 120 | 175 | 171 | 163 | 153 |
| OPM % | -3.0% | 3.1% | 2.9% | 4.8% | 7% | 8% | 5% | 7% | 8% | 9% | 9% | 7% | 6% |
| 18 | 21 | 27 | 68 | 29 | 30 | 27 | 24 | 29 | 38 | 43 | 41 | 42 | |
| Interest | 23 | 23 | 19 | 23 | 20 | 23 | 19 | 24 | 24 | 23 | 16 | 22 | 23 |
| Depreciation | 12 | 10 | 10 | 9 | 8 | 9 | 10 | 12 | 13 | 15 | 19 | 22 | 23 |
| Profit before tax | -34 | 7 | 18 | 73 | 62 | 69 | 37 | 75 | 111 | 174 | 179 | 160 | 149 |
| Tax % | -1% | 2% | 20% | 16% | 33% | 34% | 29% | 25% | 25% | 24% | 25% | 25% | |
| -34 | 7 | 14 | 61 | 42 | 46 | 26 | 56 | 83 | 131 | 134 | 120 | 112 | |
| EPS in Rs | -30.13 | 6.36 | 12.76 | 53.96 | 36.75 | 40.37 | 23.05 | 49.19 | 73.65 | 116.32 | 118.24 | 106.25 | 98.95 |
| Dividend Payout % | 0% | 0% | 0% | 2% | 17% | 15% | 11% | 30% | 27% | 30% | 30% | 33% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 25% |
| 3 Years: | 17% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 37% |
| 3 Years: | 13% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 28% |
| 3 Years: | 9% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 7% |
| 3 Years: | 7% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 260 | 267 | 646 | 686 | 746 | 750 | 967 | 1,118 | 1,372 | 1,859 | 1,936 | 2,023 |
| 133 | 169 | 178 | 215 | 199 | 248 | 238 | 279 | 287 | 150 | 80 | 301 | |
| 201 | 201 | 213 | 208 | 197 | 237 | 266 | 258 | 386 | 490 | 601 | 782 | |
| Total Liabilities | 599 | 642 | 1,042 | 1,114 | 1,148 | 1,240 | 1,476 | 1,660 | 2,052 | 2,505 | 2,622 | 3,112 |
| 84 | 77 | 72 | 65 | 69 | 74 | 102 | 105 | 108 | 130 | 129 | 145 | |
| CWIP | 1 | 1 | 1 | 7 | 8 | 24 | 3 | 3 | 2 | 3 | 14 | 83 |
| Investments | 8 | 8 | 352 | 347 | 376 | 353 | 561 | 673 | 890 | 1,324 | 1,341 | 1,357 |
| 507 | 556 | 618 | 693 | 695 | 790 | 810 | 878 | 1,051 | 1,048 | 1,138 | 1,528 | |
| Total Assets | 599 | 642 | 1,042 | 1,114 | 1,148 | 1,240 | 1,476 | 1,660 | 2,052 | 2,505 | 2,622 | 3,112 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -41 | -5 | 13 | -53 | 53 | 12 | 39 | -9 | 52 | 241 | 175 | -92 | |
| 10 | -11 | 6 | 26 | -20 | -22 | -13 | -14 | -10 | -52 | -54 | -82 | |
| 31 | 14 | -7 | 18 | -34 | 10 | -20 | 17 | -31 | -182 | -123 | 163 | |
| Net Cash Flow | 0 | -2 | 12 | -10 | -1 | 1 | 6 | -6 | 11 | 7 | -2 | -12 |
| Free Cash Flow | -43 | -9 | 9 | -14 | 39 | -15 | 22 | -26 | 36 | 209 | 141 | -206 |
| CFO/OP | 223% | -30% | 44% | -104% | 112% | 36% | 115% | 10% | 65% | 162% | 129% | -31% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 127 | 128 | 120 | 140 | 100 | 115 | 120 | 99 | 99 | 74 | 72 | 93 |
| Inventory Days | 68 | 80 | 91 | 74 | 81 | 114 | 190 | 86 | 116 | 74 | 82 | 107 |
| Days Payable | 115 | 114 | 115 | 103 | 84 | 96 | 133 | 54 | 71 | 59 | 70 | 79 |
| Cash Conversion Cycle | 80 | 94 | 97 | 111 | 98 | 133 | 178 | 130 | 145 | 89 | 85 | 120 |
| Working Capital Days | 19 | 11 | 45 | 87 | 94 | 99 | 138 | 42 | 100 | 30 | 36 | 26 |
| ROCE % | -3% | 7% | 6% | 6% | 9% | 9% | 5% | 8% | 9% | 11% | 10% | 8% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
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| Transformer Installed Capacity MVA |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
12h - Q1 FY27 results approved; revenue ₹547.17 crore, profit ₹19.63 crore; two senior management re-designations.
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Board Meeting Outcome for Outcome Of The Board Meeting
13h - Bharat Bijlee approved Q1 FY27 results: revenue 547.17 Cr, profit 19.63 Cr; announced senior management changes.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
23 Jul - Bharat Bijlee held its 79th AGM on July 23, 2026; shareholders approved ₹35 dividend and all five resolutions.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 23 Jul
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Jul - Newspaper Publication - Special WIndow for Transfer and Dematerialisation of Physical Securities of Bharat Bijlee Limited
Annual reports
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Financial Year 2026
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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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Business Segments