1:5 Split, 2 Bonuses, 27 Dividends: Maharatna PSU BHEL Declares Q3 Results Date, Stock Nears 1-Yr High; BUY?

Bharat Heavy Electricals Ltd. (BHEL), holds the status of Maharatna PSU. The heavyweight CPSE has declared its Q3 result date and that will keep the stock in focus. However, it needs to be noted that BHEL is already trading near its 52-week high. And the latest to declare BUY rating is JM Financial who has set a Rs 363 target price, which signals at over 22% potential upside ahead on stock exchanges.

BHEL Share Price:

After the closing bell on January 7, 2026, BHEL stock stood at Rs 296.95 apiece on BSE, down by 1.06% with market cap of Rs 1,03,399.87 crore. However, during January 6th trading session, BHEL stock also touched an intraday high of Rs 302.60 apiece, which is closer to its 52-week high of Rs 303.35 apiece.

In 1-year, BHEL stock has rallied by nearly 32% on BSE, while its performance has been robust by 653.37% in a span of 5 years. BHEL's all-time gains is huge by 1,574.86%.

BHEL Q3 Result Date:

As per the regulatory filing, a meeƟng of the Board of Directors of the Company will be held on Monday, 19th January, 2026, interalia, to approve the Unaudited Financial Results of BHEL for & upto the quarter ended 31st December, 2025.

It will be keenly watched if BHEL declares any dividends or other key benefits to investors during the Q3 announcement.

Why BUY BHEL Stock?

According to analysts at JM Financial, India has 220GW of coal-fired capacity, which is targeted to increase to 300GW by 2035E-40GW under construction, 23GW recently awarded and 17GW at tendering stage. India will require coal-fired power generation capacity of 340GW by 2047E, implying a net addition of 40GW by 2047E.

Since ~50GW of plants-mostly with sub-critical technology (high cost, high emissions)-would exhaust their useful life by 2035E and another 88GW by 2047E, India would require additional 170-180GW of new projects just to maintain its installed base of 340GW by 2047E.

Furthermore, these analysts added that a likely miss on the '100GW nuclear by 2047' ambition may lead to an increase in targets for thermal power additions. That said, any scalable success in RE + storage as base load may change the calculus of coal demand.

Amidst this, JM's analysts said, "Renewable intermittency, limited utility-scale storage capacity (currently

BHEL Corporate Action:

BHEL has a strong record of dividend payouts, while it has emerged among bonus issuing stock. But, BHEL's stock has only been split once in its history so far.

Bonus Issue: The first bonus issue by BHEL was in June 2007 in the ratio of 1:1. This followed another bonus issue of 1:2 in September 2017.

Stock Split: Meanwhile, BHEL has split once in its history in the ratio of 1:5, where its face value was split to Rs 2 each from Rs 10 each. This took place in October 2011.

Dividends: Moreover, BHEL has delivered up to 37 dividends since September 2003, as per Trendlyne data. In the past 12 months, the PSU distributed about Rs 0.50 per share dividend. Currently, it has a dividend yield of 0.17%.

About Bharat Heavy Electricals Ltd:

BHEL is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. Established in 1964, the company is a leading power equipment manufacturer globally and one of the earliest and leading contributors towards building an Aatmanirbhar Bharat.

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