Bharat Heavy Electricals Limited vs Siemens Limited
An objective side-by-side of BHEL and SIEMENS, 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 2026-11-06 close
Latest results: BHEL Sep 2026 · SIEMENS Sep 2026
At a glance
- Bharat Heavy Electricals Limited is the larger company by market value, about 1.2 times the size of Siemens Limited.
- On trailing earnings, Siemens Limited trades at the lower P/E (41.9 against 50.7).
- Siemens Limited earns the higher return on equity (19.2% against 11.0%).
- Over three years Bharat Heavy Electricals Limited has grown profits faster (37% a year against 16%).
- Over the past year the share prices returned +57.8% (BHEL) and +15.0% (SIEMENS).
| Metric | Bharat Heavy BHEL |
Siemens SIEMENS |
|---|---|---|
| Size and price | ||
| Market cap | ₹145,829 Cr | ₹126,779 Cr |
| Share price | ₹418.80 | ₹3,560.00 |
| Valuation | ||
| P/E | 50.68 | 41.89 |
| P/B | 5.58 | 8.02 |
| EV/EBITDA | 40.24 | 84.05 |
| PEG | 1.37 | 2.62 |
| Dividend yield | 0.1% | 0.0% |
| Profitability | ||
| ROE | 11.0% | 19.2% |
| ROCE | 9.0% | 21.0% |
| Operating margin | 10.1% | 9.9% |
| Sales (TTM) | ₹37,781 Cr | ₹15,316 Cr |
| Net profit (TTM) | ₹2,878 Cr | ₹3,026 Cr |
| Growth | ||
| Latest quarter sales YoY | +23.8% | +10.9% |
| Latest quarter profit YoY | +118.9% | +4.0% |
| Sales CAGR 3Y | +13.0% | +15.0% |
| Profit CAGR 3Y | +37.0% | +16.0% |
| Sales CAGR 5Y | +14.0% | +20.0% |
| Profit CAGR 5Y | +21.0% | +25.0% |
| Financial strength | ||
| Debt/Equity | 0.31 | 0.02 |
| Interest cover | 2.68 | 43.44 |
| Ownership | ||
| Promoter holding | 58.2% | 75.0% |
| Promoter change (4 qtrs) | -5.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -6.62% | -6.14% |
| Return 3M | +2.61% | -9.92% |
| Return 1Y | +57.75% | +14.98% |
| Return YTD | +45.69% | +16.21% |
| Technical condition | ||
| Technical score | 63 | 51 |
| RS rating (1-99) | 86.00 | 65.00 |
| % vs 200-DMA | +15.43% | +0.09% |
| RSI (14) | 51.65 | 51.11 |
| % from 52-week high | -9.74% | -14.20% |
