Designs and manufactures heavy electrical equipment in two segments. The Power systems segment — which includes transformers and power projects — generated ₹1,384.02 crore of revenue in FY26, or 60.9% of segment revenue, with segment EBIT of ₹165.68 crore. The Industrial systems segment — which covers motors, drives and magnet technology products — generated ₹889.78 crore, or 39.1% of segment revenue, with segment EBIT of ₹58.78 crore. In FY26, the company earned total revenue of ₹2,273.80 crore and a net profit of ₹120.09 crore. Materials are by far the largest input cost at 80.8% of revenue, with employee costs at 9.9% and other operating expenses at 7.0%. The FY26 annual report flags raw material price volatility and a 17% rise in the Euro as margin pressures. The board has recommended a dividend of Rs 35 per share (700% on Rs 5 face value) for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Power systems (61%), Industrial systems (39%). Capital goods, project-driven, materials-heavy manufacturer of heavy electrical equipment.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,266 | 1,419 | 1,872 | 1,902 | 2,274 |
| EBITDA (ex other income) | 84 | 117 | 172 | 167 | 158 |
| margin % | 6.6 | 8.3 | 9.2 | 8.8 | 6.9 |
| Owners' profit | 56 | 83 | 131 | 134 | 120 |
| EPS, as reported (₹) | 98.34 | 147.26 | 116.29 | 118.24 | 106.24 |
| ROE % · ROCE % | 4.9 · 8.2 | 6.0 · 9.2 | 7.0 · 9.8 | 6.9 · 9.1 | 5.9 · 8.1 |
| Debt / equity (x) | 0.25 | 0.21 | 0.08 | 0.04 | 0.15 |
| Cash from operations | (9) | 52 | 241 | 175 | (93) |
| Capex | (16) | (16) | (34) | (35) | (113) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 394 | 514 | 619 | 465 | 473 | 568 | 767 | 547 |
| Profit before tax | 25 | 54 | 68 | 37 | 37 | 33 | 52 | 26 |
| Net profit | 19 | 41 | 50 | 28 | 28 | 25 | 39 | 20 |
| EPS (₹) | 16.62 | 35.94 | 44.51 | 24.66 | 24.98 | 21.84 | 34.76 | 17.37 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Power systems | 1,384 | 60.9 |
| Industrial systems | 890 | 39.1 |
| Total, before eliminations | 2,274 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ABB INDIA LIMITED | 1,54,136 | 51.6 | 16.50 | — | 23.0 | 10.2 | — | 15.2 |
| BHEL | 1,50,076 | 61.7 | 5.74 | 49.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Aug 2026 · Bharat Bijlee Q1 FY27 results published in newspapers | compliance | minimal | — | — |
| 4 Aug 2026 · Bharat Bijlee: VP retires, two senior management re-designations, Q1 FY27 results | management changes | medium | — | — |
| 4 Aug 2026 · Bharat Bijlee Q1 FY27: revenue up, profit down; senior management reshuffle | results | high | — | — |
| 23 Jul 2026 · Bharat Bijlee 79th AGM: All 5 Resolutions Passed, Rs 35 Dividend Cleared | board shareholder meetings | medium | — | — |
| 23 Jul 2026 · Bharat Bijlee 79th AGM: Rs 35 dividend approved, all 5 resolutions passed | board shareholder meetings | low | — | — |
| 16 Jul 2026 · Newspaper ad on Special Window for physical shares dematerialisation | compliance | minimal | — | — |
| 13 Jul 2026 · Routine share dematerialisation certificate filed for Q1 FY27 | compliance | minimal | — | — |
| 3 Jul 2026 · Bharat Bijlee informs shareholders about TDS on FY26 dividend | corporate actions | low | — | — |
| 3 Jul 2026 · TDS communication to shareholders on Rs. 35 dividend for FY26 | corporate actions | low | — | — |
| 2 Jul 2026 · Bharat Bijlee 79th AGM Notice and FY26 Annual Report Web-Link Sent to Shareholders | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 6.1 |
| 4.7 |
| 14.3 |
| 9.3 |
| CG POWER AND IND SOL LTD | 1,43,168 | 93.7 | 17.46 | 77.9 | 14.6 | 19.2 | 33.2 | 14.7 |
| SIEMENS LTD | 1,40,869 | 43.0 | 10.17 | 39.7 | 19.9 | 20.6 | 31.1 | 11.6 |
| HITACHI ENERGY INDIA LTD | 1,40,200 | 121.8 | 27.09 | — | 19.1 | 24.7 | — | 16.9 |
| GE VERNOVA T&D INDIA LTD | 1,16,454 | 89.2 | 43.29 | — | 45.8 | 57.9 | — | 27.4 |
| SIEMENS ENERGY INDIA LTD | 1,13,147 | 76.0 | 23.51 | — | 14.3 | 15.8 | — | 25.9 |
| SUZLON ENERGY LIMITED | 60,678 | 19.4 | 6.41 | 18.8 | 33.4 | 22.7 | 38.0 | 16.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.7 | 35.1 | 10 of 34 | 73% |
| P/B | 1.3 | 5.7 | 2 of 33 | 97% |
| ROCE | 7.3 | 16.6 | 30 of 36 | 17% |
| ROE | 5.9 | 14.6 | 31 of 35 | 12% |
| Debt / Equity | 0.1 | 0.1 | 19 of 35 | 47% |
| EBITDA margin | 7.3 | 16.4 | 29 of 35 | 18% |
| Revenue growth | 17.7 | 17.7 | 17 of 33 | 50% |
| Profit growth | (29.6) | 6.7 | 23 of 32 | 29% |
| Market cap | 2542 | 7198 | 23 of 35 | 35% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
