Q3 revenue +16%: Bharat Heavy Electricals (BHEL.NS NSE) order book focus 19 Jan 2026
BHEL.NS stock closed the session on 19 Jan 2026 at INR 263.10, down 1.63%, after Bharat Heavy Electricals Limited reported a 16.00% rise in Q3 revenue. The quarter’s top-line beat reflects firm demand for power equipment and limited competition in some segments. Market activity was elevated with 25,302,532 shares traded. We review the Q3 earnings, valuation, technicals and near-term outlook for BHEL on the NSE, using Meyka AI-powered analysis to connect numbers to likely market reactions.
Earnings snapshot and market reaction
Bharat Heavy Electricals Limited (BHEL.NS) reported Q3 revenue growth of 16.00%, driven by steady power orders and execution. The stock opened at INR 265.40 and hit a day high of INR 269.15 and low of INR 256.50. Report timing: earnings announced on 19 Jan 2026; market closed after the session. Reuters coverage notes the revenue rise and sustained demand in power products source.
BHEL.NS stock: Q3 financials and fundamentals
Reported EPS per share is INR 1.60, with a trailing PE of 165.87 on the close. Revenue per share TTM stands at INR 81.23, and book value per share is INR 70.07. Cash per share is INR 23.42, and shareholders equity per share is INR 70.07. These figures show modest profitability but high price multiples versus earnings, explaining investor caution after the results.
Valuation, margins and sector comparison
BHEL.NS trades at a PB of 3.79 and price-to-sales of 3.27, above many industrial peers. Net profit margin is 1.97% and ROE is 2.28%, both below sector averages. The Industrials sector on the NSE shows higher average ROE and lower average PE, making BHEL relatively expensive on earnings. Analysts highlight order book quality as the core justification for the current multiple.
Technical picture and trading flow for BHEL.NS stock
Technicals show neutral-to-weak momentum: RSI 43.84, MACD histogram negative. Bollinger middle band sits at INR 284.32 with lower band INR 266.20. Volume at 25,302,532 exceeds the 50-day average of 11,972,219, indicating active repositioning. Short-term support near INR 256.50 and resistance near INR 284.32 guide intraday traders.
Meyka AI rates BHEL.NS with a score out of 100
Meyka AI rates BHEL.NS with a score out of 100: Score 65.01 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The model balances improving revenue momentum against thin margins and a high PE. These grades are not guaranteed and we are not financial advisors.
Risks, catalysts and news flow
Near-term catalysts include order wins, execution updates, and policy moves for power infrastructure. Primary risks are margin pressure from legacy projects and slow payments. Recent Investing.com listings show monitoring of BHEL results and EPS estimates source. Watch project cash flows and receivables days, currently ~89.93 days, as a liquidity signal.
Final Thoughts
Key takeaways: BHEL.NS stock closed at INR 263.10 on 19 Jan 2026 after a quarter that delivered 16.00% revenue growth but still shows thin net margins of 1.97% and a high PE of 165.87. The market reaction reflects a split view: revenue momentum and order-book quality versus valuation and cash conversion cycle concerns. Meyka AI’s forecast model projects a one-year level of INR 340.17, implying an upside of 29.29% versus the current price. Shorter-term model points are INR 254.49 (monthly, downside -3.30%) and INR 206.28 (quarterly, downside -21.60%). These model outputs are projections and not guarantees. For active traders, watch support at INR 256.50 and resistance near INR 284.32. Long-term investors should track order-book conversions, receivable days and margin recovery before increasing exposure. For a quick stock page and live metrics visit the Meyka stock hub for BHEL.NS on our platform BHEL.NS on Meyka.
FAQs
What drove the Q3 revenue rise for BHEL.NS stock?
Q3 revenue rose 16.00% driven by sustained demand for power-generation equipment and limited competition in specific segments. Execution on key orders and improved dispatches helped top-line growth, according to company commentary covered by Reuters.
Is BHEL.NS stock cheap on valuation after the results?
No. BHEL.NS trades at a trailing PE of 165.87 and PB of 3.79. High multiples versus modest ROE of 2.28% make the stock expensive relative to many industrial peers without clearer margin recovery.
What is Meyka AI’s forecast for BHEL.NS stock?
Meyka AI’s forecast model projects a one-year target of INR 340.17, implying a projected upside of 29.29% from the INR 263.10 close. Forecasts are model-based projections and not guarantees.
Which metrics should investors watch next for BHEL.NS stock?
Focus on order-book conversions, receivables days (currently ~89.93), operating margins, and cash flow improvements. Also monitor quarterly revenue trends and project execution updates.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
