BHEL vs GE Vernova T&D India: share price, P/E, ROE and financials compared
Bharat Heavy Electricals
GE Vernova T&D India
BHEL and GE Vernova T&D India at a glance
BHEL and GE Vernova T&D India are both listed in Capital Goods. BHEL is the larger by market cap, at ₹1.5L Cr against ₹1.0L Cr for GE Vernova T&D India (1.4 times as large). On valuation, BHEL has the lower P/E (50.6× against 71.3×) and the lower price-to-book (5.45× against 31.24×). On returns and margins, GE Vernova T&D India has the higher ROCE (58.5% against 6.6%), the higher ROE (53.4% against 11.3%) and the higher operating margin (26.5% against 10.1%). Over three years, GE Vernova T&D India has faster 3-year sales growth (+31.1% against +13.5% a year). GE Vernova T&D India carries less debt for its equity, with a debt-to-equity of 0.01× against 0.22×.
Key metrics, side by side
| Metric | BHELBHEL | GE Vernova T&D IndiaGVT&D |
|---|---|---|
| Price (₹) | 418.80 | 4,018.00 |
| Market cap (₹ Cr) | 1,45,829 | 1,02,879 |
| P/E | 50.6× (the lower figure, shaded) | 71.3× |
| P/B | 5.45× (the lower figure, shaded) | 31.24× |
| Dividend yield, trailing | 0.33% | 0.25% |
| ROE | 11.3% | 53.4% (the higher figure, shaded) |
| ROCE | 6.6% | 58.5% (the higher figure, shaded) |
| Operating margin (OPM) | 10.1% | 26.5% (the higher figure, shaded) |
| Net margin (NPM) | 7.6% | 20.0% (the higher figure, shaded) |
| Sales CAGR 3Y | +13.5% | +31.1% (the higher figure, shaded) |
| Profit CAGR 3Y | +35.9% | – |
| Debt to equity | 0.22× | 0.01× (the lower figure, shaded) |
| Interest cover | 3.8× | 112.8× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 2,879 | 1,437 |
| 1Y return | +56.4% (the higher figure, shaded) | +31.7% |
| Promoter holding | – | – |
BHEL vs GE Vernova T&D India: common questions
Which is bigger, BHEL or GE Vernova T&D India?
By market cap, BHEL is bigger at ₹1.5L Cr, against ₹1.0L Cr for GE Vernova T&D India (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,879 Cr for BHEL and ₹1,437 Cr for GE Vernova T&D India.
Which has a lower P/E ratio, BHEL or GE Vernova T&D India?
BHEL trades at a P/E of 50.6× and GE Vernova T&D India at 71.3×. BHEL has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, BHEL or GE Vernova T&D India?
BHEL reports a return on equity of 11.3% and GE Vernova T&D India 53.4%. GE Vernova T&D India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, BHEL or GE Vernova T&D India?
Over the last three years: Sales grew +13.5% a year at BHEL and +31.1% at GE Vernova T&D India, so GE Vernova T&D India grew sales faster. Past growth doesn’t predict future growth.