Bharat Heavy Electricals shareholders and shareholding pattern

NSE: BHELBSE: 500103Electrical EquipmentLarge Cap

Bharat Heavy Electricals Limited · Face value ₹2 · Listed Oct 1992 on BSE, Nov 2003 on NSE

₹405.30₹5.40 (1.35%)BSE ₹405.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹399.90.

28 Oct: open ₹397.75, high ₹408.50, low ₹394.50

52-week range of traded prices to 28 Oct 2026

₹234.22Low, 28 Oct 2025₹464.00High, 14 Oct 2026

Market cap: ₹1,41,128 Cr98th largest listed
P/E: 49.03
P/B: 5.28
Dividend yield: 0.35%
ROE: 11.3%
ROCE: 10.7%
Debt to equity: 0.23
Volume, NSE: 81,55,74539.8% delivered

Bharat Heavy Electricals' shareholding pattern for Sep 2026, filed on 12 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Bharat Heavy Electricals, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters58.17%
Foreign institutions9.94%
Indian institutions21.88%
GovernmentsNone
Individuals and others10.02%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	63.06%	63.06%	63.06%	63.06%	63.06%	63.06%	63.06%	63.06%	63.06%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	58.17%	58.17%	58.17%
Indian promoters	63.06%	63.06%	63.06%	63.06%	63.06%	63.06%	63.06%	63.06%	63.06%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	63.17%	58.17%	58.17%	58.17%
	36.94%	36.94%	36.94%	36.94%	36.94%	36.94%	36.94%	36.94%	36.94%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	36.83%	41.83%	41.83%	41.83%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.80%	8.48%	8.58%	7.76%	7.23%	7.04%	8.75%	9.10%	9.49%	7.98%	7.19%	6.36%	6.23%	6.29%	7.23%	9.51%	9.94%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.67%	8.24%	8.32%	7.52%	6.95%	6.82%	8.29%	8.75%	9.15%	7.74%	6.98%	6.17%	6.04%	6.03%	7.04%	8.94%	9.38%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.14%	0.24%	0.26%	0.25%	0.28%	0.22%	0.47%	0.35%	0.33%	0.24%	0.21%	0.19%	0.19%	0.25%	0.19%	0.58%	0.56%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%
FII	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14.46%	14.72%	15.50%	16.36%	15.99%	17.58%	15.94%	15.03%	14.69%	15.49%	16.35%	18.45%	18.62%	19.70%	23.98%	22.44%	21.88%
Mutual funds	1.41%	0.76%	0.86%	1.52%	2.27%	2.96%	2.63%	2.40%	2.76%	3.07%	5.83%	6.20%	7.07%	5.62%	5.87%	4.27%	2.21%	1.33%	1.21%	1.73%	1.89%	1.57%	1.50%	3.01%	3.20%	4.02%	4.64%	4.57%	6.27%	5.75%	5.36%	5.82%	6.37%	6.09%	7.50%	7.64%	8.84%	12.88%	11.40%	11.21%
Insurance companies	10.41%	10.38%	10.36%	10.37%	10.36%	10.35%	10.35%	10.33%	10.27%	10.95%	10.94%	10.94%	10.91%	10.91%	10.91%	10.91%	10.91%	10.83%	10.88%	11.70%	11.61%	10.80%	10.82%	11.17%	10.98%	10.97%	11.23%	11.01%	10.65%	9.55%	8.96%	8.32%	8.30%	8.66%	8.86%	9.02%	8.34%	8.70%	8.57%	8.13%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.27%	0.27%	0.27%	0.27%	0.22%	0.22%	0.18%	0.13%	0.10%	0.10%	0.11%	0.12%	0.13%	0.02%	0.06%	0.05%	0.05%
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	0.01%	0.09%	0.01%	0.27%	1.04%	1.62%	1.62%	1.78%	1.55%	1.62%	1.86%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	Under 0.01%	0.26%	0.24%	0.22%	0.19%	0.44%	0.46%	0.49%	0.44%	0.45%	0.44%	0.35%	0.21%	0.72%	0.74%	0.71%	0.55%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	Under 0.01%	0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	0.06%	0.07%	0.07%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
State governments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	Under 0.01%	–	–
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	17.56%	13.63%	12.75%	12.71%	13.61%	12.21%	12.13%	12.71%	12.66%	13.35%	13.29%	12.02%	11.98%	10.84%	10.62%	9.88%	10.02%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14.36%	10.38%	10.17%	9.96%	10.85%	9.65%	9.84%	10.72%	10.87%	11.40%	11.35%	10.29%	10.34%	9.21%	8.93%	7.93%	7.85%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	0.92%	0.82%	0.91%	0.87%	0.68%	0.49%	0.44%	0.35%	0.41%	0.42%	0.40%	0.33%	0.33%	0.37%	0.40%	0.40%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.75%	0.89%	0.69%	0.79%	0.81%	0.68%	0.63%	0.57%	0.50%	0.52%	0.50%	0.38%	0.37%	0.37%	0.43%	0.44%	0.47%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.59%	0.55%	0.51%	0.50%	0.48%	0.53%	0.50%	0.46%	0.28%	0.48%	0.50%	0.46%	0.46%	0.45%	0.46%	0.43%	0.44%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.77%	0.88%	0.55%	0.54%	0.59%	0.67%	0.66%	0.50%	0.63%	0.53%	0.50%	0.46%	0.45%	0.46%	0.41%	0.65%	0.83%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.10%	0.20%	0.02%	Under 0.01%	0.01%	0.13%	0.19%	0.04%	–	0.07%	0.04%	0.03%	0.02%	0.02%	0.08%	0.33%	0.31%
Non-Resident Indian (NRI)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.17%	–	–	–	–	–	–	–	–
Qualified Institutional Buyer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.05%	0.08%	–	–	–
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.63%	0.48%	0.47%	0.47%	0.43%	0.38%	0.35%	0.34%	0.34%	0.34%	0.33%	0.31%	0.31%	0.29%	0.28%	0.26%	0.26%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.18%	0.03%	0.04%	0.11%	0.10%	0.07%	0.07%	0.01%	0.02%	0.05%	–	–	–	–	–	–
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.03%	0.04%	0.04%	0.03%	0.03%	0.03%	–	Under 0.01%	0.04%
Firm	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.02%	0.18%
Nominee Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%
Shares in issue	2,44,76,00,000	2,44,76,00,000	2,44,76,00,000	2,44,76,00,000	3,67,14,00,000	3,67,14,00,000	3,67,14,00,000	3,67,14,00,000	3,67,14,00,000	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355	3,48,20,63,355

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Bharat Heavy Electricals shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	4,21,333	3,83,371	3,96,001	4,40,848	4,72,399	4,71,048	4,83,504	4,79,650	4,91,224	4,92,165	4,84,600	5,02,745	5,39,286	5,84,236	7,24,184	8,35,044	8,48,946	9,86,752	11,46,937	11,38,654	12,04,729	12,81,743	12,87,798	11,92,232	10,27,958	10,16,936	10,12,617	12,27,658	12,65,436	14,99,202	18,80,851	19,95,266	20,83,026	21,20,567	19,83,215	19,61,664	17,91,831	17,55,262	16,28,020	16,04,120
	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Indian promoters	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	4,21,332	3,83,370	3,96,000	4,40,847	4,72,398	4,71,047	4,83,503	4,79,649	4,91,223	4,92,164	4,84,599	5,02,744	5,39,285	5,84,235	7,24,183	8,35,043	8,48,945	9,86,751	11,46,936	11,38,653	12,04,728	12,81,742	12,87,797	11,92,231	10,27,957	10,16,935	10,12,616	12,27,657	12,65,435	14,99,201	18,80,850	19,95,265	20,83,025	21,20,566	19,83,214	19,61,663	17,91,830	17,55,261	16,28,019	16,04,119
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	143	149	150	144	164	163	363	425	437	418	417	415	408	422	432	544	628
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	125	128	128	123	137	135	332	394	403	390	391	397	392	404	415	520	594
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18	21	22	21	27	28	31	31	34	28	26	18	16	18	16	23	33
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	1	1	1
FII	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	57	68	72	71	80	100	105	109	109	100	97	95	91	95	99	123	125
Mutual funds	75	59	50	48	51	24	19	19	15	18	22	21	20	17	19	15	16	19	19	20	23	23	24	23	24	25	28	31	35	36	33	33	33	33	34	35	38	39	44	46
Insurance companies	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	7	9	9	7	8	8	12	13	12	14	17	20	22	23	23	22	20	22	24	24	29	28	29
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15	15	16	16	14	16	13	13	11	11	11	10	7	8	6	6	6
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	2	1	1
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	2	1	0	0	0	1	10	13	7	9	22	24	31	34	28	26	22	17	19	21	41	39
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	6	6	6	8	6	9	8	7	5	6	6	7	5	–	1	2
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	1	1	1	1	1	1	4	3	4	3	2	2	2	3
State governments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	0	0	0	0	0	0	0	0	0	–	–	–	2	–	–
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	3	2	–	2	3
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	2	1	1	1	1	1	1	4	3	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11,92,029	10,27,738	10,16,711	10,12,400	12,27,412	12,65,171	14,98,732	18,80,315	19,94,718	20,82,503	21,20,049	19,82,700	19,61,161	17,91,311	17,54,728	16,27,350	16,03,363
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11,63,547	10,01,991	9,91,151	9,86,872	12,00,124	12,36,785	14,68,014	18,45,668	19,58,498	20,44,764	20,81,561	19,46,006	19,24,264	17,55,481	17,15,819	15,88,465	15,62,450
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	128	106	108	117	131	107	77	71	57	60	57	59	49	46	53	52	50
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,189	2,086	1,964	1,973	2,306	2,281	2,471	2,770	2,595	2,776	2,706	2,511	2,537	2,395	2,617	2,870	3,039
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11,325	10,859	10,906	11,024	11,934	13,460	14,991	17,189	10,279	19,206	19,936	19,325	19,559	19,479	19,925	20,376	21,980
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	3	3	3	4	3	2	2	2	2	2	2	2	2	2
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	0	0	0	0	0	0	–	–	–	3	3	3
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	14,836	12,692	12,578	12,409	12,912	12,534	13,174	14,613	23,286	15,694	15,786	14,796	14,749	13,907	16,308	15,581	15,838
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	47	42	46	45	42	49	52	55	56	58	57	55	57	50	49	44	51
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	214	143	106	29	35	123	113	113	–	102	97	93	89	85	110	124	122
Non-Resident Indian (NRI)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8,092	–	–	–	–	–	–	–	–
Qualified Institutional Buyer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	–	–	–
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	893	888	882	864	846	838	829	817	810	800	789	404	395	374	2,728	2,381	2,320
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13,678	11,616	11,541	11,468	11,985	11,521	12,177	13,625	14,010	14,473	14,568	13,986	13,946	13,148	13,417	13,021	13,288
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	4	3	2	2	2	2	2	–	–	–	–	–	–
Foreign Portfolio Investor (Category - III)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	2	2	2	1	1	1	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	212	257	271	255	259	247	–	5	49
Firm	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	5	7
Nominee Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1

Bharat Heavy Electricals promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is PRESIDENT OF INDIA, 58.17%.Promoter buying and selling

Holder
PRESIDENT OF INDIACentral and state governments	58.17%	2,02,54,40,587

No promoter shares are reported as pledged.

Largest public holders of Bharat Heavy Electricals, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Bharat Heavy Electricals

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
LIFE INSURANCE CORPORATION OF INDIAInsurance companies	14.31%	14.31%	14.31%	14.31%	14.31%	–	9.42%	9.42%	14.00%	14.13%	11.67%	11.56%	10.07%	10.07%	10.07%	10.07%	10.07%	10.07%	10.07%	10.89%	10.89%	10.07%	10.07%	10.07%	10.07%	10.07%	10.07%	10.07%	9.62%	8.18%	7.33%	6.72%	6.72%	6.72%	6.88%	6.88%	6.21%	6.21%	6.01%	5.21%
NPS TRUSTProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.62%	1.62%	–	1.55%	1.62%	1.86%
NPS TRUST- A/C SBI PENSION FUND SCHEME - STATE GOVTProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	–	–	1.78%	–	–	–
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.34%	1.48%	1.02%	–	–	–	–	–	–	–
FIDELITY ADVISOR SERIES VIII : FIDELITY ADVISOR FOCUSED EMERGING MARKETS FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.09%	–	–	–	–	–	–	–	–	–	–	–	–	–
FIDELITY EMERGING MARKETS FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	1.08%	–	–	–	–	–	–	–	–	–	–	–	–	–
AMUNDI FUNDS SBI FM INDIA EQUITYInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	1.86%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
AMUNDI FUNDS SBI FM EQUITY INDIAInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	1.18%	1.57%	1.86%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PINEBRIDGE GLOBAL FUNDS- PINEBRIDGEInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	1.09%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PINEBRIDGE GLOBAL FUND-GF MAURITIUSInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIC OF INDIA PENSION PLUS MIXED FUND [PAN removed]Financial Institution Or Banks	–	–	–	–	–	–	–	4.58%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PINEBRIDGE GLOBAL FUNDS- PINEBRIDGE INDIA EQUITY FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	1.09%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PINEBRIDGE INVESTMENTS GF MAURITIUS LIMITEDInstitutions Foreign Portfolio Investor	1.11%	1.13%	1.13%	1.13%	1.13%	1.03%	1.03%	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIC OF INDIA MARKET PLUS SECURED FUNDFinancial Institution Or Banks	–	–	–	–	–	–	4.58%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSUARANCE COROPORATION OF INDIAInsurance companies	–	–	–	–	–	9.42%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIC OF INDIA PENSION PLUS MIXED FUNDFinancial Institution Or Banks	–	–	–	–	–	4.58%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
COMGEST GROWTH PLC- COMGEST GROWTH EMERGING MARKETSInstitutions Foreign Portfolio Investor	1.42%	1.42%	1.40%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LAZARD EMERGING MARKETS PORTFOLIOInstitutions Foreign Portfolio Investor	–	1.12%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MAGELLANInstitutions Foreign Portfolio Investor	1.10%	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Indian institutions: LIFE INSURANCE CORPORATION OF INDIA 5.21%, −0.80 pts; NPS TRUST 1.86%, +0.24 pts