BBL

Bharat Bijlee Limited

Electrical equipment maker in power and industrial systems

Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment

bharatbijlee.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2443.00
Market cap
2,761 Cr
Stock P/E
24.7
P/B
1.36
Dividend yield
1.4%
ROE (FY26)
5.9%
ROCE (FY26)
7.6%
Operating margin (FY26)
6.0%
Debt / equity (FY26)
0.15
OCF / EBITDA (FY26)
-58.6%
OCF / EBITDA (3Y)
65.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

BBL (Bharat Bijlee) is a Mumbai-based electrical equipment maker that reports two segments, Power Systems and Industrial Systems, and makes transformers at a plant with 18,000 MVA of capacity (August 2025 disclosure).

Company snapshot

28thBy market cap

Ranked among 38 companies in Heavy Electrical Equipment.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 54.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Industrial Systems
46.0%
590 Cr47 Cr—
Power Systems
54.0%
692 Cr105 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.15x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales420 Cr424 Cr587 Cr375 Cr394 Cr514 Cr619 Cr465 Cr473 Cr568 Cr767 Cr547 Cr
Operating expenses (approx.)381 Cr385 Cr526 Cr345 Cr372 Cr461 Cr556 Cr431 Cr439 Cr534 Cr712 Cr518 Cr
EBITDA38 Cr39 Cr62 Cr29 Cr22 Cr53 Cr63 Cr34 Cr35 Cr34 Cr55 Cr29 Cr
OPM %9.2%9.2%10.5%7.9%5.5%10.3%10.2%7.2%7.4%6.0%7.2%5.3%
Other income7 Cr10 Cr12 Cr10 Cr11 Cr9 Cr13 Cr10 Cr12 Cr9 Cr10 Cr11 Cr
Interest5 Cr5 Cr5 Cr3 Cr3 Cr3 Cr4 Cr2 Cr4 Cr5 Cr6 Cr8 Cr
Depreciation3 Cr4 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr6 Cr6 Cr
Profit before tax37 Cr40 Cr64 Cr32 Cr25 Cr54 Cr68 Cr37 Cr37 Cr33 Cr52 Cr26 Cr
Tax %24.5%25.2%24.2%24.8%25.7%24.5%26.1%24.7%24.7%25.6%25.1%24.8%
Net profit28 Cr30 Cr49 Cr24 Cr19 Cr41 Cr50 Cr28 Cr28 Cr25 Cr39 Cr20 Cr
EPS (₹)₹49.34₹52.54₹42.94₹21.17₹16.62₹35.94₹44.51₹24.66₹24.98₹21.84₹34.76₹17.37

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales750 Cr790 Cr932 Cr929 Cr731 Cr1,266 Cr1,419 Cr1,872 Cr1,902 Cr2,274 CrSign in free for the trailing twelve months
Operating expenses (approx.)733 Cr756 Cr875 Cr861 Cr695 Cr1,182 Cr1,301 Cr1,701 Cr1,734 Cr2,116 CrSign in free for the trailing twelve months
EBITDA17 Cr33 Cr58 Cr68 Cr37 Cr84 Cr117 Cr172 Cr167 Cr158 CrSign in free for the trailing twelve months
OPM %2.3%4.2%6.2%7.3%5.0%6.6%8.3%9.2%8.8%6.9%Sign in free for the trailing twelve months
Other income27 Cr21 Cr30 Cr30 Cr27 Cr24 Cr29 Cr38 Cr43 Cr41 CrSign in free for the trailing twelve months
Interest16 Cr19 Cr17 Cr20 Cr17 Cr21 Cr22 Cr21 Cr12 Cr17 CrSign in free for the trailing twelve months
Depreciation10 Cr9 Cr8 Cr9 Cr10 Cr12 Cr13 Cr15 Cr19 Cr22 CrSign in free for the trailing twelve months
Profit before tax18 Cr73 Cr62 Cr69 Cr37 Cr75 Cr111 Cr174 Cr179 Cr160 CrSign in free for the trailing twelve months
Tax %20.2%16.1%32.9%33.8%28.9%25.5%25.3%24.5%25.3%25.0%Sign in free for the trailing twelve months
Net profit14 Cr61 Cr42 Cr46 Cr26 Cr56 Cr83 Cr131 Cr134 Cr120 CrSign in free for the trailing twelve months
EPS (₹)₹25.51₹107.88₹73.49₹80.69₹46.09₹98.34₹147.26₹116.29₹118.24₹106.24Sign in free for the trailing twelve months
Dividend payout %————-0.3%5.1%20.3%17.1%29.4%32.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr
Reserves646 Cr686 Cr746 Cr750 Cr967 Cr1,118 Cr1,372 Cr1,859 Cr1,936 Cr2,023 Cr
Borrowings178 Cr215 Cr199 Cr247 Cr238 Cr279 Cr289 Cr151 Cr82 Cr301 Cr
Other liabilities213 Cr208 Cr197 Cr237 Cr266 Cr258 Cr385 Cr488 Cr599 Cr782 Cr
Total liabilities1,042 Cr1,114 Cr1,148 Cr1,240 Cr1,476 Cr1,660 Cr2,052 Cr2,505 Cr2,622 Cr3,112 Cr
Fixed assets (net)71 Cr65 Cr69 Cr73 Cr94 Cr97 Cr106 Cr127 Cr127 Cr139 Cr
CWIP0.56 Cr7 Cr8 Cr24 Cr3 Cr2 Cr2 Cr3 Cr14 Cr83 Cr
Investments352 Cr347 Cr376 Cr353 Cr561 Cr673 Cr890 Cr1,324 Cr1,341 Cr1,357 Cr
Loans & advances——203 Cr220 Cr234 Cr0 Cr267 Cr0 Cr0 Cr0 Cr
Inventories123 Cr111 Cr147 Cr196 Cr257 Cr217 Cr317 Cr262 Cr294 Cr474 Cr
Trade receivables224 Cr296 Cr256 Cr292 Cr241 Cr342 Cr386 Cr379 Cr376 Cr577 Cr
Cash & bank14 Cr5 Cr4 Cr4 Cr10 Cr5 Cr15 Cr22 Cr20 Cr8 Cr
Other assets258 Cr282 Cr86 Cr77 Cr76 Cr324 Cr68 Cr386 Cr449 Cr474 Cr
Total assets1,042 Cr1,114 Cr1,148 Cr1,240 Cr1,476 Cr1,660 Cr2,052 Cr2,505 Cr2,622 Cr3,112 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity13 Cr-53 Cr53 Cr14 Cr39 Cr-9 Cr52 Cr241 Cr175 Cr-92 Cr
Cash from investing6 Cr26 Cr-20 Cr-24 Cr-13 Cr-14 Cr-10 Cr-52 Cr-54 Cr-82 Cr
Cash from financing-7 Cr18 Cr-34 Cr10 Cr-20 Cr17 Cr-31 Cr-182 Cr-123 Cr163 Cr
Net cash flow12 Cr-10 Cr-1 Cr0.57 Cr6 Cr-6 Cr11 Cr7 Cr-2 Cr-12 Cr
Free cash flow (OCF − Capex)9 Cr-61 Cr39 Cr-13 Cr22 Cr-26 Cr36 Cr207 Cr140 Cr-206 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %4.1%10.1%8.3%8.9%4.4%6.8%8.0%9.7%9.5%7.6%
ROE %2.2%8.8%5.5%6.0%2.7%4.9%6.0%7.0%6.9%5.9%
Debtor days1091361001151209899747292
Inventory days89737610516789104747794
Days payable11310278881175764596570
Cash conversion cycle85108981311701311408984117
OCF / EBITDA %n.m.-159.6%92.9%21.0%106.3%-11.1%44.1%140.3%104.8%-58.6%
OCF / EBITDA % (3 years)——12.5%9.2%65.8%23.3%34.2%76.0%102.5%65.1%
Debt / equity0.270.310.270.330.240.250.210.080.040.15
Current ratio1.261.501.711.591.681.381.721.662.191.46
Net debt / EBITDA9.526.303.403.576.233.282.330.750.371.85