Bharat Heavy Electricals Limited vs Hitachi Energy India Limited
An objective side-by-side of BHEL and POWERINDIA, both in Electric Equipment: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-29 close
Latest results: BHEL Jun 2026 · POWERINDIA Jun 2026
At a glance
- Bharat Heavy Electricals Limited is the larger company by market value, about 1.1 times the size of Hitachi Energy India Limited.
- On trailing earnings, Bharat Heavy Electricals Limited trades at the lower P/E (59.2 against 119.2).
- Hitachi Energy India Limited earns the higher return on equity (22.2% against 9.3%).
- Over three years Hitachi Energy India Limited has grown profits faster (122% a year against 37%).
- Over the past year the share prices returned +73.2% (BHEL) and +61.8% (POWERINDIA).
| Metric | Bharat Heavy BHEL |
Hitachi Energy POWERINDIA |
|---|---|---|
| Size and price | ||
| Market cap | ₹143,931 Cr | ₹136,993 Cr |
| Share price | ₹413.35 | ₹30,735 |
| Valuation | ||
| P/E | 59.19 | 119.21 |
| P/B | 5.50 | 26.47 |
| EV/EBITDA | 44.97 | 96.30 |
| PEG | 1.60 | 0.98 |
| Dividend yield | 0.1% | 0.0% |
| Profitability | ||
| ROE | 9.3% | 22.2% |
| ROCE | 9.0% | 29.0% |
| Operating margin | 9.4% | 15.5% |
| Sales (TTM) | ₹35,993 Cr | ₹9,163 Cr |
| Net profit (TTM) | ₹2,432 Cr | ₹1,149 Cr |
| Growth | ||
| Latest quarter sales YoY | +40.3% | +68.6% |
| Latest quarter profit YoY | +182.6% | +122.8% |
| Sales CAGR 3Y | +13.0% | +22.0% |
| Profit CAGR 3Y | +37.0% | +122.0% |
| Sales CAGR 5Y | +14.0% | +19.0% |
| Profit CAGR 5Y | +21.0% | +54.0% |
| Financial strength | ||
| Debt/Equity | 0.31 | 0.02 |
| Interest cover | 2.68 | 85.38 |
| Ownership | ||
| Promoter holding | 58.2% | 71.3% |
| Promoter change (4 qtrs) | -5.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -4.06% | -7.79% |
| Return 3M | -0.14% | -10.26% |
| Return 1Y | +73.15% | +61.81% |
| Return YTD | +43.80% | +67.86% |
| Technical condition | ||
| Technical score | 45 | 30 |
| RS rating (1-99) | 85.00 | 80.00 |
| % vs 200-DMA | +19.87% | +8.69% |
| RSI (14) | 45.10 | 43.09 |
| % from 52-week high | -7.42% | -20.76% |
