BHARAT ELECTRONICS LTD vs HITACHI ENERGY INDIA LIMITED

BEL and POWERINDIA. Monthly data through 2026-10-09. Change the comparison →

Price, rebased to 100

Share price change since Mar '20, the first month all 2 have a price: BEL +1384%, POWERINDIA +3982%.

93177134505128Mar '20Jul '21Nov '22Mar '24Jul '25Oct '2693177134505128Mar '20Jun '22Sep '24Oct '26

Rebased at 2020-03. Monthly closes from each company's history.

ROCE

13.0%21.7%30.3%39.0%Jan '19Aug '20Mar '22Oct '23May '25Oct '2613.0%21.7%30.3%39.0%Jan '19Aug '21Mar '24Oct '26
BHARAT ELECTRONICS LTD (BEL)HITACHI ENERGY INDIA LIMITED (POWERINDIA)

Months with a missing value are left as gaps.

Where the return came from

The share price return over 3 years, split into net profit growth, share count change and the change in P/E.

BEL Net profit growth: +124 pts+124 ptsShare count change: +0 ptsP/E change: +53 pts +176% POWERINDI Net profit growth: +800 pts+800 ptsShare count change: -15 ptsP/E change: -145 pts-145 pts +639%
Net profit growthShare count changeP/E changeUnexplained

BEL: share price rose 176% over 3 years: +124 pts from net profit growth, +53 pts from the P/E change.

POWERINDIA: share price rose 639% over 3 years: +800 pts from net profit growth, −145 pts from the P/E change, −15 pts from share count change.

Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.

Rank within sector, month by month

Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

BHARAT ELECTRONICS LTD (BEL) · Electronic Technology

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

HITACHI ENERGY INDIA LIMITED (POWERINDIA) · Electronic Technology

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '212023202420252026Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value.

Latest snapshot

MetricBELPOWERINDIA
Share Price₹368.15₹30605.00
Market Cap₹2.69L cr₹1.36L cr
P/E43.9x118.6x
P/B11.4x26.3x
P/S9.4x14.9x
ROCE37.0%29.0%
ROE25.9%22.2%
Operating margin25.0%15.0%
Revenue (TTM), indexed to 100₹28596 cr₹9163 cr
Net Profit (TTM)₹6127 cr₹1149 cr
Debt / Equity0.0x0.0x
Cash Conversion Cycle342d-42d
Promoter holding51.1%71.3%
FII Holding18.0%12.4%
DII Holding21.0%6.3%
12M momentum-13.6%72.2%
Drawdown from Peak-18.0%-20.4%
Cash conversion (3Y)0.4x1.9x
Interest cover100.0x100.0x
Share Count Change (1Y)0.0%0.0%
Volatility (1Y)25.7%43.8%

Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.

Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.