BHEL Share Price Reaches 52-Week High Following Strong FY26 Revenue Growth

BHEL Share Price Surges to 52-Week High After Strong Business Update

Bharat Heavy Electricals Limited (BHEL), a Maharatna PSU, witnessed its share price soar over 5% in intra-day deals on Monday, April 20, to reach a 52-week high of ₹333.75 on the BSE. This surge follows the company's release of its business update for the full financial year 2025-26 after market hours last Friday.

According to the update, BHEL reported a turnover of approximately ₹32,350 crore (provisional and unaudited) for FY 2025-26, marking a growth of 18% over the previous year. The company secured total order inflows of around ₹75,000 crore during the year, resulting in a total outstanding order book of approximately ₹2.4 lakh crore at the end of FY 2025-26.

In the power sector, BHEL maintained a strong market position with significant order wins of around ₹59,000 crore during the year. The industrial segment recorded fresh orders of around ₹16,000 crore across transportation, transmission, defence, process industries, and industrial equipment, highlighting its broad-based presence.

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On the execution front, BHEL commissioned or synchronised around 8.9 GW of power capacity during the year, reflecting continued focus on project delivery and operational efficiency. With healthy revenue growth, a strong order book, and a sustained execution pipeline, the company entered FY 2026-27 with solid momentum, while reiterating its commitment to delivering high-impact infrastructure, driving indigenisation, and enhancing stakeholder value.

Key Performance Metrics

The PSU stock has remained 63% above its 52-week low of ₹205.20, hit in August 2025. BHEL shares have advanced 45% over the last one year, while delivering multibagger returns of nearly 650% over the past five years. In the near term, the stock showed strength, rising 32% in three months and 26% in one month.

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BHEL is scheduled to report its results for the quarter and financial year ended March 31, 2025, on Friday, May 16, 2025. The state-run capital goods major may also consider and approve a dividend for FY25. Brokerage firms Kotak Institutional Equities and Axis Capital have provided estimates for the company's Q4FY25 performance.

Q4FY25 Estimates

Kotak Institutional Equities expects BHEL to report revenue of ₹10,414 crore, up 26.1% YoY and 43.1% QoQ in Q4FY25. Axis Capital has maintained a "sell" rating on the stock with a target price of ₹115, implying a downside potential of 41% from current levels.