{"id":310882,"date":"2026-10-15T15:08:22","date_gmt":"2026-10-15T09:38:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=310882"},"modified":"2026-10-15T15:08:22","modified_gmt":"2026-10-15T09:38:22","slug":"for-bhel-a-muted-order-inflow-upsets-apple-cart-what-it-means-for-the-stock-after-q2-fy27-results","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/for-bhel-a-muted-order-inflow-upsets-apple-cart-what-it-means-for-the-stock-after-q2-fy27-results\/","title":{"rendered":"For BHEL, a Muted Order Inflow Upsets the Apple Cart: What It Means for the Stock After Q2 FY27 Results"},"content":{"rendered":"

BHEL’s Q2 FY27 order inflow was only about Rs 4,000 crore against about Rs 30,000 crore for the half year, and Nuvama says fresh inflow fell 85% from a year earlier. Profit still rose 119% to Rs 820.94 crore and the order book stands at Rs 2,57,571 crore. The shares fell nearly 5% on 15 Oct 2026 after a 4.9% gain on 14 Oct.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

BHEL’s order inflow was muted in Q2 FY27 at about Rs 4,000 crore, well below Q1, and Nuvama says fresh order inflow fell 85% from a year earlier, even though consolidated profit more than doubled to Rs 820.94 crore. The order book is still large at Rs 2,57,571 crore, about 7.6 times FY26 sales, which gives years of revenue visibility. Nuvama and JM Financial both kept a Buy rating with targets of Rs 540 and Rs 535, but the shares fell nearly 5% on 15 October after rising 4.9% the day before. The key question is whether weak order inflow is a one quarter dip or the start of a slowdown, and the next two quarters will answer it.<\/p>\n<\/p><\/div>\n

BHEL, or Bharat Heavy Electricals, builds power plant equipment and industrial products, and its results look very different depending on whether you look at profit or at new orders. Profit and margins surprised on the upside, while new orders disappointed.<\/p>\n

This guide explains the order inflow numbers, why the order book still matters, how the quarter compared with estimates, what brokerages said and what could go wrong. Some figures come from secondary sources and differ slightly, and I flag where.<\/p>\n

BHEL also appeared in an earlier Univest piece on the post results fall, and this article looks only at the order inflow side.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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