BHEL vs Siemens: share price, P/E, ROE and financials compared
Bharat Heavy Electricals
Siemens
BHEL and Siemens at a glance
BHEL and Siemens are both listed in Capital Goods. BHEL is the larger by market cap, at ₹1.5L Cr against ₹1.3L Cr for Siemens. On valuation, BHEL has the lower price-to-book (5.45× against 9.16×). Over three years, BHEL has faster 3-year sales growth (+13.5% against +3.0% a year). Siemens carries less debt for its equity, with a debt-to-equity of 0.02× against 0.22×.
Key metrics, side by side
| Metric | BHELBHEL | SiemensSIEMENS |
|---|---|---|
| Price (₹) | 418.80 | 3,560.00 |
| Market cap (₹ Cr) | 1,45,829 | 1,26,779 |
| P/E | 50.6× | 87.3× |
| P/B | 5.45× (the lower figure, shaded) | 9.16× |
| Dividend yield, trailing | 0.33% | 0.51% (the higher figure, shaded) |
| ROE | 11.3% | 14.7% |
| ROCE | 6.6% | 16.5% |
| Operating margin (OPM) | 10.1% | 10.4% |
| Net margin (NPM) | 7.6% | 19.0% |
| Sales CAGR 3Y | +13.5% (the higher figure, shaded) | +3.0% |
| Profit CAGR 3Y | +35.9% | +10.9% |
| Debt to equity | 0.22× | 0.02× (the lower figure, shaded) |
| Interest cover | 3.8× | 152.1× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 2,879 | 3,275 |
| 1Y return | +56.4% (the higher figure, shaded) | +10.0% |
| Promoter holding | 58.17% | – |
BHEL vs Siemens: common questions
Which is bigger, BHEL or Siemens?
By market cap, BHEL is bigger at ₹1.5L Cr, against ₹1.3L Cr for Siemens (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,879 Cr for BHEL and ₹3,275 Cr for Siemens.
Which has a lower P/E ratio, BHEL or Siemens?
BHEL trades at a P/E of 50.6× and Siemens at 87.3×. Siemens’s P/E isn’t ranked because its profit includes a one-off gain. 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 Siemens?
BHEL reports a return on equity of 11.3% and Siemens 14.7%. Siemens’s ROE isn’t ranked because its profit includes a one-off gain. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, BHEL or Siemens?
Over the last three years: Sales grew +13.5% a year at BHEL and +3.0% at Siemens, so BHEL grew sales faster; profit grew +35.9% a year at BHEL and +10.9% at Siemens. Past growth doesn’t predict future growth.