30 Oct 2025 | 5 Mins Read
BHEL: Buy with a target of Rs 250: Prabhudas Lilladher
Flipitmoney
BHEL reported a 14.1% YoY revenue growth and 356bps YoY expansion in EBITDA margin to 7.7%, driven by healthy execution in Power (+12% YoY) and Industry (+18% YoY) segments. The company is positioned well for growth, but contract assets increased 2% YoY to Rs290bn and CFO was -Rs11.9bn in H1FY26. The stock has a P/E of 25.2x/19.0x with a revised TP of Rs250.