What the six lenses say about BHEL — its relative strength vs the baselines, price & RS trend, the 8-quarter financials, and live filings.
How BHEL’s own sector index is moving — context for reading the stock’s six lenses.
Six-lens read
The actual numbers
The actual numbers
Full 8-quarter history in the financials table below.
The actual numbers
The actual numbers
Every filing in the corporate-announcements panel below.
The actual numbers
Decile — each lens’s 0–100 score is ranked against every Large-cap stock in the universe. D10 = top 10% (strongest), D1 = bottom 10%. A decile is simply where this stock sits versus its size-peers on that lens — no weighting, no black box.
Conviction — the average of the two active conviction-lens deciles (Technical & Flow):
Fundamental, Catalyst, Valuation and Policy are shown for context but carry weight 0 in the current model, so they are not scored into conviction. Full detail on the methodology page ↗.
Glass box
Click a lens to expand its sub-components, then drill to the actual values. The eye icon on any term explains it.
Policy
Active policies relevant to this sector — flagged as a Red / Amber / Green signal, not scored into the six-lens conviction. The lenses say what the market is doing; policy is context for why.
PLI Scheme — Solar PV Manufacturing
Production-linked incentive scheme for solar photovoltaic module and cell manufacturing
National Green Hydrogen Mission
National mission for green hydrogen production, electrolyser manufacturing, and renewable energy
Percentage-point spread vs each baseline across six windows. Green = outperforming, red = lagging. Data as of 2026-09-08.
| Baseline | 1D | 1W | 1M | 3M | 6M | 12M |
|---|---|---|---|---|---|---|
Nifty 50 Large-cap anchor | -1.7pp | -3.5pp | +6.7pp | +6.3pp | +65.5pp | +98.5pp |
Nifty 500 Broad-market baseline | -1.8pp | -3.5pp | +5.7pp | +4.7pp | +59.8pp | +93.3pp |
Sector Own-sector index | — | — | +5.1pp | +13.4pp | +58.2pp | +83.8pp |
From atlas_foundation.technical_daily. Sector row covers 1M–12M (1D/1W not stored).
Trend
BHEL daily close with the three trend EMAs · atlas_foundation.ohlcv_stock.
Relative strength
BHEL ÷ Nifty 500, rebased to 100 at window start — above 100 = outperforming since then.
TradingView composite technical analysis — multi-timeframe consensus
Last 8 quarters from the company’s filings (₹ crore) — revenue, profit, margins and the growth trend.
| Metric | Mar '23 | Jun '23 | Sep '23 | Dec '23 | Mar '24 | Jun '24 | Sep '24 | Dec '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue (₹cr) | 8,227 | 5,003 | 5,125 | 5,504 | 8,260 | 5,485 | 6,584 | 7,277 |
| ↳ change QoQ | — | -39.2% | +2.4% | +7.4% | +50.1% | -33.6% | +20.0% | +10.5% |
| EBITDA (₹cr) | 1,098 | -250 | -208 | 33 | 884 | -72 | 386 | 412 |
| EBITDA margin | 13.3% | -5.0% | -4.0% | 0.6% | 10.7% | -1.3% | 5.9% | 5.7% |
| PAT (₹cr) | 611 | -344 | -238 | -149 | 490 | -211 | 106 | 135 |
| ↳ change QoQ | — | -156.3% | +30.8% | +37.5% | +429.1% | -143.2% | +150.2% | +26.9% |
| Net margin | 7.4% | -6.9% | -4.7% | -2.7% | 5.9% | -3.9% | 1.6% | 1.8% |
| EPS (₹) | 1.75 | -0.99 | -0.68 | -0.43 | 1.41 | -0.61 | 0.30 | 0.39 |
| D/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Filings to the exchange — capital actions, earnings and governance. Most recent first.
A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗An exchange filing — open the original disclosure on NSE for the full text.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗An exchange filing — open the original disclosure on NSE for the full text.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗An exchange filing — open the original disclosure on NSE for the full text.
View original filing on NSE ↗A governance / disclosure filing — lower signal weight, context only.
View original filing on NSE ↗…and 5 more.
Ownership
Mutual funds holding BHEL (10)
| Fund | Weight | AUM ₹cr | Grade |
|---|---|---|---|
| Nippon India Small Cap Dir Bns | 1.78% | 78,957 | |
| Nippon India Small Cap Gr Bns | 1.78% | 78,957 | |
| Nippon India Small Cap Gr | 1.78% | 78,957 | |
| Nippon India Growth Mid Cap Dir Bns | 1.36% | 50,751 | |
| Nippon India Growth Md Cp Reg Gr PlGrOpt | 1.36% | 50,751 | |
| Nippon India Growth Md Cp Reg Gr Bns | 1.36% | 50,751 | |
| SBI Arbitrage Opportunities Reg Gr | 0.89% | 46,803 | |
| Axis Midcap Gr | 1.85% | 34,404 | |
| ICICI Prudential Arbitrage Reg Gr | 1.63% | 34,180 | |
| Tata Arbitrage Reg Gr | 0.94% | 24,725 |
ETFs holding BHEL (10)