BHEL Share Price Today: Maharatna PSU Stock Surges After Q1 Result | Buy, Sell or Hold?

BHEL Share Price Outlook

Bharat Heavy Electrical Limited (BHEL) delivered a strong quarterly performance, with a healthy beat on both topline and profitability. The PSU is entering a phase of strong execution growth, driving margin expansion and robust cash flows, and its policy of advanced preparatory action is enabling it to compress delivery timelines, as highlighted in Antique Stock Broking Limited's report.

"We believe that the company is entering a phase of strong execution growth, driving margin expansion and robust cash flows. Its policy of advance preparatory action in anticipation of orders is enabling it to compress delivery timelines. With a robust order book, the company is now in a stronger position to negotiate on prices and delivery timelines," noted Antique in its report.

BHEL Share Price Recommendation

The brokerage increased its target price for BHEL on the back of strong execution, valuation, margin expansion, and robust cash flows. Antique Stock Broking Limited gave a 'Buy' rating for the stock with a target price of Rs 527 per share.

"We roll over our valuation on the stock to Sept'29 EPS and maintain BUY rating on the stock with a revised target price of INR 527 (earlier INR 430), valuing the company at 32x 1HFY29 EPS (earlier 31x its FY28E EPS)," noted the brokerage in its report.

BHEL Q1 Result Recap

Bharat Heavy Electricals Limited (BHEL) reported a consolidated net profit of Rs 376.71 crore in the first quarter of financial year 2026-27. The BHEL reported a consolidated net profit of Rs 455.5 crore in the year-ago period. BHEL's revenue surged faster than expenses, and the power segment returned to profit.

Revenue from operations also increased by 40.3% on an annual basis to Rs 7,697.72 crore in the first quarter of 2026-27, against Rs 5,486 crore in the year-ago period. Total income surged by 39.8% to Rs 7,911.86 crore.

BHEL's profit from joint ventures fell by 16.2% to Rs 11.46 crore from Rs 13.67 crore. Its consolidated profit before tax stood at Rs 507.7 crore against Rs 608.04 crore in the corresponding quarter.