StoxBharat Heavy Electricals vs Polycab India: share price & financials comparison
NSE: BHEL vs POLYCAB · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Bharat Heavy Electricals vs Polycab India at a glance
Bharat Heavy Electricals (BHEL) has a market capitalisation of ₹1,51,922 Cr, against ₹1,19,107 Cr for Polycab India (POLYCAB). Over the past year Bharat Heavy Electricals has returned +63.3%, compared with +4.6% for Polycab India. On valuation, Polycab India trades at a lower P/E of 37.7 versus 52.8. Polycab India earns a higher return on equity (24.1% vs 10.8%). Bharat Heavy Electricals comes out ahead on momentum and technicals. Polycab India comes out ahead on size, valuation, profitability, growth and financial health. Across the scored metrics below, Bharat Heavy Electricals leads on 8 and Polycab India on 9. On StoxGud's 10-point checklist, Bharat Heavy Electricals scores 6/10 and Polycab India scores 6/10.
| Metric | Bharat Heavy Electricals | Polycab India |
|---|---|---|
| Size | ||
| Market cap | ₹1,51,922 Cr | ₹1,19,107 Cr |
| Revenue (latest FY) | ₹33,782 Cr | ₹28,884 Cr |
| Net profit (latest FY) | ₹1,600 Cr | ₹2,672 Cr |
| Valuation | ||
| P/E | 52.8 | 37.7 |
| P/B | 5.68 | 9.10 |
| Dividend yield | 0.11% | 0.46% |
| Profitability | ||
| Return on equity | 10.8% | 24.1% |
| Net profit margin | 7.6% | 9.1% |
| Operating margin | 10.1% | 13.5% |
| Growth | ||
| Revenue growth (YoY) | +23.8% | +52.8% |
| Net profit growth (YoY) | +119.0% | +42.6% |
| Revenue CAGR (multi-year) | +14.3% | +26.5% |
| Financial health | ||
| Debt to equity | 0.22 | 0.01 |
| Momentum | ||
| 1-month return | -1.4% | -4.7% |
| 1-year return | +63.3% | +4.6% |
| 3-year CAGR | +47.3% | +15.5% |
| 5-year CAGR | +46.8% | +25.7% |
| 10-year CAGR | +17.2% | — |
| Distance from 52W high | -6.0% | -21.6% |
| Technicals | ||
| RSI (14) | 75 | 67 |
| Price vs 200-day avg | +19.1% | -6.5% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | Bharat Heavy Electricals | Polycab India |
|---|---|---|
| Price above 50-day average | ✓ | ✗ |
| Price above 200-day average | ✓ | ✗ |
| 50-day average above 200-day (uptrend) | ✓ | ✗ |
| RSI in healthy 40–70 zone | ✗ | ✓ |
| Positive 1-year return | ✓ | ✓ |
| Return on equity above 15% | ✗ | ✓ |
| Debt to equity below 1 | ✓ | ✓ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✗ | ✗ |
| P/E below industry median | ✗ | ✓ |
| Score | 6/10 | 6/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Bharat Heavy Electricals or Polycab India?
Bharat Heavy Electricals has a market cap of ₹1,51,922 Cr and Polycab India has a market cap of ₹1,19,107 Cr as of 13 Nov 2026.
Which has a lower P/E, Bharat Heavy Electricals or Polycab India?
Polycab India has the lower P/E: Bharat Heavy Electricals trades at 52.8 and Polycab India at 37.7.
Which gave better returns in the last year, Bharat Heavy Electricals or Polycab India?
Bharat Heavy Electricals did better: Bharat Heavy Electricals returned +63.3% and Polycab India returned +4.6% over one year.
What is the difference between Bharat Heavy Electricals and Polycab India?
Both are NSE-listed companies in Capital Goods. Bharat Heavy Electricals is about 1.3 times the size of Polycab India by market cap. In the latest financial year Bharat Heavy Electricals reported revenue of ₹33,782 Cr and Polycab India ₹28,884 Cr. Operating margin is 10.1% for Bharat Heavy Electricals and 13.5% for Polycab India. Debt to equity is 0.22 for Bharat Heavy Electricals and 0.01 for Polycab India.
Which is better, Bharat Heavy Electricals or Polycab India?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, Bharat Heavy Electricals leads on 8 and Polycab India on 9. Bharat Heavy Electricals is ahead on momentum and technicals. Polycab India is ahead on size, valuation, profitability, growth and financial health. On StoxGud's rules-based checklist Bharat Heavy Electricals scores 6/10 and Polycab India scores 6/10. This is information, not advice: consult a SEBI-registered adviser before investing.