Energy generation: approx. 60%
Transmission and distribution: approx. 25%
Industrial products and services: approx. 15%

TOP 3 markets:

1. India: approx. 70%
2. Middle East: approx. 15%
3. Southeast Asia: approx. 10%

Bharat Heavy Electricals Limited (BHEL) generates the majority of its revenues from the energy generation sector, which is attributed to its strong presence in the power plant equipment sector. The Indian market is the company's main sales market, supported by the continuous demand for energy infrastructure in the country.

The Middle East and Southeast Asia are also significant markets for BHEL, as these regions are investing in expanding their energy infrastructure to meet the growing demand. BHEL leverages its expertise and experience to establish a foothold in these emerging markets and expand its market share.

Production sites of Bharat Heavy Electricals Limited (BHEL):

BHEL operates numerous production facilities in India. The key locations include:

• Haridwar, Uttarakhand: Manufacturing of turbines and generators.
• Bhopal, Madhya Pradesh: Production of transformers, motors, and switches.
• Hyderabad, Telangana: Manufacturing of compressors and other heavy machinery.
• Tiruchirappalli, Tamil Nadu: Production of boilers and pressure parts.
• Ranipet, Tamil Nadu: Manufacturing of environmental technology and boiler auxiliaries.
• Bangalore, Karnataka: Production of electronics and photovoltaic modules.

BHEL is renowned for its extensive production infrastructure, enabling the company to manufacture a wide range of products for power generation and transmission. These strategically located sites across India support the company in efficiently responding to market demands.

Revenue growth: 10% (estimated for 2025 based on the latest available data) Investments in renewable energies: 20% of the total budget (2025)

Bharat Heavy Electricals Limited (BHEL) is pursuing a strategy that focuses heavily on diversifying and modernizing its product range. A key part of this strategy is increased investment in renewable energies to support the transition to a more sustainable energy generation.

The company plans to expand its capacities in the solar energy sector and already has several projects in the pipeline aimed at increasing the share of renewable energies in its overall portfolio. Additionally, BHEL is investing in research and development to develop innovative technologies that improve both the efficiency and environmental friendliness of its products.

Another strategic focus is on internationalization. BHEL aims to strengthen its presence in international markets, particularly in regions with growing energy needs. This is intended to be achieved through partnerships and joint ventures with local companies to facilitate market access and leverage local expertise.

Main Imported Raw Materials:

• Steel
• Copper
• Aluminum

Main Importing Countries:

• China
• Japan
• Germany

Bharat Heavy Electricals Limited (BHEL) is heavily reliant on the import of raw materials such as steel, copper, and aluminum, which are essential for the production of their electrical and mechanical equipment. These materials are mainly sourced from China, Japan, and Germany, as these countries have advanced metal processing industries and can supply high-quality materials.

China is a significant supplier due to its cost-effective production and large capacities. Japan and Germany are known for their high-quality metal products needed in specialized applications, especially in power generation and heavy industries where BHEL operates.

Market share in the energy sector: 25% (estimated for 2025)
Research & development expenses: 3% of revenue (2024)
Export share of revenue: 15% (2024)

Bharat Heavy Electricals Limited (BHEL) is one of the leading companies in the Indian energy sector. The company's competitive advantage lies in its strong market presence and its ability to offer comprehensive solutions in the field of energy generation and transmission. With an estimated market share of 25% in the energy sector, BHEL holds a significant position supported by years of experience and technological expertise.

The company continuously invests in research and development, accounting for approximately 3% of its revenue. These investments enable BHEL to develop innovative technologies and expand its product range, providing a key competitive advantage.

The 15% export share indicates that BHEL is also competitive internationally, successfully placing its products and services in global markets. This diversifies revenue sources and reduces the risk associated with exclusive dependence on the domestic market.

Overall, BHEL benefits from a strong market position, continuous innovation efforts, and an increasing international presence, providing the company with a solid competitive advantage.

Institutional Investor Share: Approximately 55% (estimated for 2025)

Insider Buys/Sells: No significant changes reported (2025)

The institutional investor share in Bharat Heavy Electricals Limited (BHEL) is estimated to be around 55%. This demonstrates the confidence of large institutional investors in the company and its future development.

Regarding insider buys and sells, there have been no significant changes or transactions reported for the year 2025 that would indicate a substantial shift in management or insider confidence. This could suggest that the management is satisfied with the current company strategy and performance.

These details are based on the latest available data and estimates, as specific figures for 2025 may not have been published yet.

Market share of Bharat Heavy Electricals Limited (BHEL): Estimated 12% (2025)

Top competitors and their market shares:

1. Siemens India: 15%
2. Larsen & Toubro (L&T): 14%
3. General Electric (GE) India: 10%
4. ABB India: 9%
5. Tata Power: 8%

Bharat Heavy Electricals Limited (BHEL) is one of the leading providers in the heavy industry and power plant sector in India. BHEL's market share is approximately 12%, making it one of the key players in the industry. The biggest competitors are Siemens India and Larsen & Toubro, holding market shares of 15% and 14% respectively.

BHEL's moat is based on its long-standing experience, government contracts, and strong presence in the energy sector. However, companies like Siemens and L&T may have a stronger moat due to their global reach, technological innovations, and diversified business models.

Siemens India and L&T often offer more modern technologies and comprehensive solutions, giving them a competitive advantage. Therefore, BHEL needs to focus on its core competencies and potentially invest in research and development to strengthen its market position and expand its moat.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Order Backlog: 1.2 trillion INR (2024)

Bharat Heavy Electricals Limited (BHEL) recorded a revenue growth of 8.5% in 2024, attributed to increased demand for energy infrastructure and renewable energies. The company was able to increase its profit by 10.2%, driven by efficiency improvements and cost reduction measures.

The order backlog of 1.2 trillion INR indicates strong future demand and provides the company with a solid foundation for further growth. BHEL benefits from government investments in infrastructure and the growing focus on sustainable energy sources.

Overall, these factors suggest that BHEL is well positioned to benefit from long-term trends in the energy sector. However, potential investors should also consider the risks related to dependence on government projects and the competitive intensity in the energy sector.

Dividend Yield: 2.5% (estimated for 2025)

Dividend History: Continuous payout over the last five years

Bharat Heavy Electricals Limited (BHEL) has regularly distributed dividends to its shareholders in recent years. The estimated dividend yield for the year 2025 is around 2.5%. This indicates that the company exhibits a certain reliability in its dividend policy.

The continuity of dividend payments over the past five years shows that BHEL aims to provide its shareholders with a regular income. The financial stability and the company's ability to generate profits are crucial factors contributing to maintaining this payout. Analysts view BHEL's dividend policy as relatively stable as long as the company maintains its financial performance.