This paper furnishes a financial synopsis of BHEL through financial ratios. BHEL is India’s biggest engineering and manufacturing company of its kind occupied in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defense. Ratio analysis is one of procedure used to measure the financial position of the company in the four main characteristic liquidity, solvency, turnover and profitability. The main goal of this paper is to interpret the financial performance of BHEL, along with BHEL’s financial performance is compared with its peers BMEL, L&T, PUNJLLYOD, THERMAX can be understood.