BHEL vs Suzlon Energy: share price, P/E, ROE and financials compared
Bharat Heavy Electricals
Suzlon Energy
BHEL and Suzlon Energy at a glance
BHEL and Suzlon Energy are both listed in Capital Goods. BHEL is the larger by market cap, at ₹1.5L Cr against ₹53,337 Cr for Suzlon Energy (2.7 times as large). On valuation, Suzlon Energy has the lower P/E (23.7× against 50.6×) and the lower price-to-book (5.13× against 5.45×). On returns and margins, Suzlon Energy has the higher ROCE (24.8% against 6.6%), the higher ROE (24.9% against 11.3%) and the higher operating margin (16.7% against 10.1%). Over three years, BHEL has faster 3-year profit growth (+35.9% against +3.5% a year), while Suzlon Energy has faster 3-year sales growth (+41.4% against +13.5% a year). Suzlon Energy carries less debt for its equity, with a debt-to-equity of 0.07× against 0.22×.
Key metrics, side by side
| Metric | BHELBHEL | Suzlon EnergySUZLON |
|---|---|---|
| Price (₹) | 418.80 | 38.80 |
| Market cap (₹ Cr) | 1,45,829 | 53,337 |
| P/E | 50.6× | 23.7× (the lower figure, shaded) |
| P/B | 5.45× | 5.13× (the lower figure, shaded) |
| Dividend yield, trailing | 0.33% (the higher figure, shaded) | 0.00% |
| ROE | 11.3% | 24.9% (the higher figure, shaded) |
| ROCE | 6.6% | 24.8% (the higher figure, shaded) |
| Operating margin (OPM) | 10.1% | 16.7% (the higher figure, shaded) |
| Net margin (NPM) | 7.6% | 12.3% (the higher figure, shaded) |
| Sales CAGR 3Y | +13.5% | +41.4% (the higher figure, shaded) |
| Profit CAGR 3Y | +35.9% (the higher figure, shaded) | +3.5% |
| Debt to equity | 0.22× | 0.07× (the lower figure, shaded) |
| Interest cover | 3.8× | 11.8× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 2,879 | 2,259 |
| 1Y return | +56.4% (the higher figure, shaded) | −35.7% |
| Promoter holding | – | 11.70% |
BHEL vs Suzlon Energy: common questions
Which is bigger, BHEL or Suzlon Energy?
By market cap, BHEL is bigger at ₹1.5L Cr, against ₹53,337 Cr for Suzlon Energy (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,879 Cr for BHEL and ₹2,259 Cr for Suzlon Energy.
Which has a lower P/E ratio, BHEL or Suzlon Energy?
BHEL trades at a P/E of 50.6× and Suzlon Energy at 23.7×. Suzlon Energy 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 Suzlon Energy?
BHEL reports a return on equity of 11.3% and Suzlon Energy 24.9%. Suzlon Energy has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, BHEL or Suzlon Energy?
Over the last three years: Sales grew +13.5% a year at BHEL and +41.4% at Suzlon Energy, so Suzlon Energy grew sales faster; profit grew +35.9% a year at BHEL and +3.5% at Suzlon Energy, so BHEL grew profit faster. Past growth doesn’t predict future growth.