Nifty
:
26013.45
Sensex
:
84950.95
103.40 (0.40%)
388.17 (0.46%)
Nifty
Sensex
:
:
26013.45
84950.95
103.40 (0.40%)
388.17 (0.46%)

Bharat Electronics Ltd.

Engineering - Industrial Equipments

Rating :
73/99

BSE: 500049 | NSE: BEL

NSE BSE
424.55
17-Nov-2025
  • Open
  • High
  • Low
  • Previous Close
  •  427.95
  •  429.5
  •  422.4
  •  426.85
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  12996079
  •  5522692667.7
  •  436
  •  240.25

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 3,10,300.11
  • 54.48
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 3,02,183.59
  • 0.57%
  • 14.39

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 51.14%
  • 0.54%
  • 8.47%
  • FII
  • DII
  • Others
  • 18.14%
  • 18.94%
  • 2.77%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 12.45
  • 11.00
  • 10.25

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 17.49
  • 15.97
  • 10.82

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 15.02
  • 20.64
  • 21.62

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 23.34
  • 29.03
  • 42.30

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.97
  • 7.71
  • 10.02

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 17.22
  • 21.53
  • 27.20

Earnings Forecasts:

(Updated: 08-11-2025)
Description
2024
2025
2026
2027
Adj EPS
7.28
8.04
9.67
11.12
P/E Ratio
58.32
52.80
43.90
38.18
Revenue
23024.1
27596
32460.3
37777.6
EBITDA
6833.7
7691.63
9048.74
10467.8
Net Income
5321.44
5936.63
7044.87
8163.33
ROA
13.24
14.6
14.81
15.14
P/B Ratio
15.54
13.14
11.09
9.37
ROE
29.32
27.37
27.02
26.68
FCFF
243.26
6255.34
4738.78
6151.61
FCFF Yield
0.08
2.17
1.64
2.13
Net Debt
-9487.11
-12079
-14355.7
-18109
BVPS
27.32
32.31
38.27
45.3

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Net Sales
5,792.09
4,604.90
25.78%
4,439.74
4,243.57
4.62%
9,149.59
8,564.08
6.84%
5,770.69
4,162.16
38.65%
Expenses
4,089.92
3,204.95
27.61%
3,201.47
3,295.37
-2.85%
6,333.53
6,276.85
0.90%
4,101.20
3,089.66
32.74%
EBITDA
1,702.17
1,399.95
21.59%
1,238.27
948.20
30.59%
2,816.06
2,287.23
23.12%
1,669.49
1,072.50
55.66%
EBIDTM
29.39%
30.40%
27.89%
22.34%
30.78%
26.71%
28.93%
25.77%
Other Income
153.92
157.76
-2.43%
163.32
203.58
-19.78%
194.64
225.43
-13.66%
186.38
167.42
11.32%
Interest
1.65
1.32
25.00%
1.44
1.18
22.03%
5.86
4.05
44.69%
1.32
0.51
158.82%
Depreciation
126.49
111.19
13.76%
120.79
107.68
12.17%
137.58
118.54
16.06%
110.93
107.46
3.23%
PBT
1,727.95
1,445.20
19.56%
1,279.36
1,042.92
22.67%
2,867.26
2,390.07
19.97%
1,743.62
1,131.95
54.04%
Tax
449.53
361.32
24.41%
318.69
261.93
21.67%
746.25
604.41
23.47%
442.35
283.83
55.85%
PAT
1,278.42
1,083.88
17.95%
960.67
780.99
23.01%
2,121.01
1,785.66
18.78%
1,301.27
848.12
53.43%
PATM
22.07%
23.54%
21.64%
18.40%
23.18%
20.85%
22.55%
20.38%
EPS
1.76
1.49
18.12%
1.33
1.08
23.15%
2.91
2.46
18.29%
1.79
1.18
51.69%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
25,152.11
23,768.75
20,268.24
17,734.44
15,368.18
14,108.69
12,967.67
12,164.17
10,400.80
8,668.34
7,353.77
Net Sales Growth
16.58%
17.27%
14.29%
15.40%
8.93%
8.80%
6.61%
16.95%
19.99%
17.88%
 
Cost Of Goods Sold
12,644.91
12,187.23
10,576.32
9,827.56
8,866.57
7,786.68
7,069.54
5,906.96
5,481.63
4,392.30
3,809.62
Gross Profit
12,507.20
11,581.52
9,691.92
7,906.88
6,501.61
6,322.01
5,898.13
6,257.21
4,919.17
4,276.04
3,544.15
GP Margin
49.73%
48.73%
47.82%
44.58%
42.31%
44.81%
45.48%
51.44%
47.30%
49.33%
48.20%
Total Expenditure
17,726.12
17,086.88
15,397.40
13,737.59
12,046.07
10,923.60
10,440.43
9,396.54
8,617.91
6,955.01
6,020.82
Power & Fuel Cost
-
55.85
57.21
46.81
43.13
38.12
41.60
43.88
37.78
37.99
45.85
% Of Sales
-
0.23%
0.28%
0.26%
0.28%
0.27%
0.32%
0.36%
0.36%
0.44%
0.62%
Employee Cost
-
2,760.63
2,489.49
2,317.34
2,128.01
1,955.89
2,074.74
1,895.14
1,787.57
1,559.44
1,267.21
% Of Sales
-
11.61%
12.28%
13.07%
13.85%
13.86%
16.00%
15.58%
17.19%
17.99%
17.23%
Manufacturing Exp.
-
199.90
183.46
156.72
197.16
343.50
145.43
156.14
165.84
139.87
158.73
% Of Sales
-
0.84%
0.91%
0.88%
1.28%
2.43%
1.12%
1.28%
1.59%
1.61%
2.16%
General & Admin Exp.
-
300.60
272.39
220.24
155.09
117.04
196.51
218.50
183.97
169.48
149.69
% Of Sales
-
1.26%
1.34%
1.24%
1.01%
0.83%
1.52%
1.80%
1.77%
1.96%
2.04%
Selling & Distn. Exp.
-
56.87
58.28
48.98
47.00
34.93
61.31
60.00
58.22
35.18
37.85
% Of Sales
-
0.24%
0.29%
0.28%
0.31%
0.25%
0.47%
0.49%
0.56%
0.41%
0.51%
Miscellaneous Exp.
-
1,525.80
1,760.25
1,119.94
609.11
647.44
851.30
1,115.92
902.90
620.75
37.85
% Of Sales
-
6.42%
8.68%
6.32%
3.96%
4.59%
6.56%
9.17%
8.68%
7.16%
7.50%
EBITDA
7,425.99
6,681.87
4,870.84
3,996.85
3,322.11
3,185.09
2,527.24
2,767.63
1,782.89
1,713.33
1,332.95
EBITDA Margin
29.52%
28.11%
24.03%
22.54%
21.62%
22.58%
19.49%
22.75%
17.14%
19.77%
18.13%
Other Income
698.26
897.04
850.63
373.71
253.81
153.62
330.68
214.77
452.22
498.74
599.57
Interest
10.27
12.53
12.06
18.83
8.55
9.61
7.66
15.93
6.36
17.87
9.74
Depreciation
495.79
467.38
443.20
428.82
401.13
387.32
371.86
338.13
271.72
211.63
191.96
PBT
7,618.19
7,099.00
5,266.21
3,922.91
3,166.24
2,941.78
2,478.40
2,628.34
1,957.03
1,982.57
1,730.82
Tax
1,956.82
1,811.85
1,323.10
982.56
811.78
872.44
685.77
780.31
549.78
485.54
427.22
Tax Rate
25.69%
25.52%
25.12%
25.05%
25.64%
29.66%
27.67%
29.69%
28.09%
24.49%
24.68%
PAT
5,661.37
5,285.91
3,942.39
2,938.53
2,353.11
2,068.52
1,791.76
1,847.76
1,407.94
1,497.24
1,304.24
PAT before Minority Interest
5,662.21
5,287.15
3,943.11
2,940.35
2,354.46
2,069.34
1,792.63
1,848.03
1,407.25
1,497.03
1,303.60
Minority Interest
0.84
-1.24
-0.72
-1.82
-1.35
-0.82
-0.87
-0.27
0.69
0.21
0.64
PAT Margin
22.51%
22.24%
19.45%
16.57%
15.31%
14.66%
13.82%
15.19%
13.54%
17.27%
17.74%
PAT Growth
25.85%
34.08%
34.16%
24.88%
13.76%
15.45%
-3.03%
31.24%
-5.96%
14.80%
 
EPS
7.74
7.23
5.39
4.02
3.22
2.83
2.45
2.53
1.93
2.05
1.78

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
19,973.89
16,326.47
13,861.63
12,285.93
11,059.58
10,071.53
9,211.50
8,015.68
7,735.77
9,246.16
Share Capital
730.98
730.98
730.98
243.66
243.66
243.66
243.66
243.66
223.36
240.00
Total Reserves
19,242.91
15,595.49
13,130.65
12,042.27
10,815.92
9,827.87
8,967.84
7,772.02
7,512.41
9,006.16
Non-Current Liabilities
551.65
580.88
542.29
1,406.33
1,122.09
898.19
675.02
605.56
567.01
443.74
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
33.33
16.67
0.00
Unsecured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
902.16
967.28
844.65
1,805.32
1,412.03
1,164.27
923.64
818.60
891.50
700.19
Current Liabilities
19,752.54
22,026.73
20,565.78
19,581.04
16,829.55
12,865.72
10,448.75
9,896.18
8,750.83
8,451.04
Trade Payables
3,338.77
3,706.31
3,330.38
3,369.30
3,298.90
2,450.13
1,434.05
1,368.99
1,297.37
1,162.26
Other Current Liabilities
15,674.06
17,625.61
16,607.86
15,787.23
13,180.37
10,081.08
8,533.88
8,059.45
7,022.81
6,967.99
Short Term Borrowings
0.00
0.00
0.00
0.00
0.00
0.00
0.00
13.70
13.58
28.39
Short Term Provisions
739.71
694.81
627.54
424.51
350.28
334.51
480.82
454.04
417.07
292.40
Total Liabilities
40,297.02
38,952.00
34,987.45
33,289.64
29,026.21
23,849.61
20,348.57
18,530.45
17,067.33
18,145.71
Net Block
3,419.19
3,035.17
2,962.80
2,675.19
2,652.06
2,712.50
2,297.50
1,838.94
1,500.98
1,231.84
Gross Block
6,868.57
6,037.75
5,541.08
4,832.18
4,415.33
4,092.34
3,308.76
2,512.18
1,902.36
1,421.87
Accumulated Depreciation
3,449.38
3,002.58
2,578.28
2,156.99
1,763.27
1,379.84
1,011.26
673.24
401.38
190.03
Non Current Assets
5,439.14
4,889.02
4,939.71
5,995.93
5,312.90
5,111.52
4,474.13
4,225.93
3,000.83
2,313.05
Capital Work in Progress
1,051.80
893.72
854.94
1,006.04
882.68
827.98
849.03
940.05
742.81
429.79
Non Current Investment
742.97
682.23
649.99
1,572.02
1,306.02
1,110.41
964.52
937.45
491.08
462.46
Long Term Loans & Adv.
38.03
51.22
48.49
706.26
428.73
377.26
270.62
280.29
183.60
140.05
Other Non Current Assets
187.11
226.64
423.43
36.35
43.41
83.37
92.46
229.20
82.36
48.91
Current Assets
34,857.88
34,062.98
30,047.74
27,293.71
23,713.31
18,738.09
15,874.44
14,304.52
14,066.50
15,832.66
Current Investments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
9,118.98
7,446.89
6,448.04
5,591.90
4,967.98
3,958.30
4,443.35
4,579.36
4,881.67
4,157.01
Sundry Debtors
9,116.37
7,392.38
7,033.48
6,108.09
6,561.99
6,724.02
5,373.67
5,014.30
4,368.26
3,721.91
Cash & Bank
9,545.10
11,056.59
8,111.58
7,563.74
5,073.76
1,660.50
971.87
841.07
3,827.19
7,216.11
Other Current Assets
7,077.43
324.50
254.86
171.64
7,109.58
6,395.27
5,085.55
3,869.79
989.38
737.63
Short Term Loans & Adv.
6,786.85
7,842.62
8,199.78
7,858.34
6,983.44
6,293.40
2,066.63
1,714.36
791.34
453.67
Net Current Assets
15,105.34
12,036.25
9,481.96
7,712.67
6,883.76
5,872.37
5,425.69
4,408.34
5,315.67
7,381.62
Total Assets
40,297.02
38,952.00
34,987.45
33,289.64
29,026.21
23,849.61
20,348.57
18,530.45
17,067.33
18,145.71

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
586.62
4,659.49
1,199.26
4,207.22
5,093.22
2,570.41
1,513.88
-686.59
-60.94
2,260.06
PBT
7,134.53
5,308.34
3,968.80
3,212.00
2,972.20
2,510.49
2,666.98
1,980.81
2,008.91
1,763.97
Adjustment
-163.01
-48.54
832.02
265.63
449.29
328.33
412.12
114.73
-277.85
-275.93
Changes in Working Capital
-4,710.26
818.06
-2,534.23
1,533.88
2,204.80
305.83
-793.43
-2,130.18
-1,161.21
1,202.31
Cash after chg. in Working capital
2,261.26
6,077.86
2,266.59
5,011.51
5,626.29
3,144.65
2,285.67
-34.64
569.85
2,690.35
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-1,674.64
-1,418.37
-1,067.33
-804.29
-533.07
-574.24
-771.79
-681.42
-649.82
-430.29
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
29.47
19.03
0.00
Cash From Investing Activity
616.94
-5,923.85
2,707.65
-4,871.66
-2,595.22
-648.96
-895.94
-6.41
3,114.65
-1,470.34
Net Fixed Assets
-981.69
-534.36
-531.17
-539.13
-376.14
-743.14
-681.99
-779.27
-696.70
1,048.47
Net Investments
-52.59
-103.39
889.84
-222.97
-169.51
-142.39
-116.11
-443.44
-140.58
-300.12
Others
1,651.22
-5,286.10
2,348.98
-4,109.56
-2,049.57
236.57
-97.84
1,216.30
3,951.93
-2,218.69
Cash from Financing Activity
-1,696.43
-1,475.01
-1,262.08
-1,077.60
-1,075.73
-1,060.52
-662.67
-1,202.38
-2,856.80
-317.70
Net Cash Inflow / Outflow
-492.87
-2,739.37
2,644.83
-1,742.04
1,422.27
860.93
-44.73
-1,895.38
196.91
472.02
Opening Cash & Equivalents
1,206.32
3,945.69
1,300.86
3,042.90
1,620.63
759.70
804.43
2,699.81
2,502.90
2,030.88
Closing Cash & Equivalent
713.45
1,206.32
3,945.69
1,300.86
3,042.90
1,620.63
759.70
804.43
2,699.81
2,502.90

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
27.32
22.34
18.96
16.81
15.13
41.33
37.80
32.90
31.49
35.02
ROA
13.34%
10.67%
8.61%
7.56%
7.83%
8.11%
9.51%
7.91%
8.50%
7.57%
ROE
29.13%
26.12%
22.49%
20.17%
19.59%
18.59%
21.45%
17.87%
17.63%
14.84%
ROCE
39.18%
34.97%
30.15%
27.20%
27.92%
25.73%
30.50%
24.70%
23.43%
19.76%
Fixed Asset Turnover
3.68
3.50
3.42
3.33
3.32
3.50
4.18
4.75
5.55
3.58
Receivable days
126.76
129.89
135.23
150.36
171.81
170.26
155.85
163.31
160.12
177.73
Inventory Days
127.19
125.11
123.90
125.32
115.43
118.24
135.37
164.67
178.90
179.01
Payable days
105.50
121.42
124.41
137.25
134.74
72.42
60.79
63.45
67.95
78.35
Cash Conversion Cycle
148.45
133.58
134.72
138.42
152.51
216.07
230.43
264.53
271.07
278.38
Total Debt/Equity
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
0.01
0.00
Interest Cover
567.56
437.67
209.33
371.32
307.12
324.55
165.99
308.71
111.94
178.70

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Bharat Electronics secures additional orders worth Rs 871 crore
    14th Nov 2025, 14:10 PM

    Major orders received include fire control system, thermal imager, ground support equipment, upgrades, spares, services etc

    Read More
  • Bharat Electronics bags additional orders worth Rs 792 crore
    10th Nov 2025, 16:44 PM

    Major orders received include Defence network upgrade, radio communication network, radars, communication equipment, drones, etc

    Read More
  • Bharat Electronics - Quarterly Results
    1st Nov 2025, 00:00 AM

    Read More
  • Bharat Electronics reports 18% rise in Q2 consolidated net profit
    31st Oct 2025, 15:30 PM

    Consolidated total income of the company increased by 24.85% at Rs 5,946.01 crore for Q2FY26

    Read More
  • Bharat Electronics bags additional orders worth Rs 732 crore
    31st Oct 2025, 09:30 AM

    The major orders received include SDRs, tank sub systems, communication equipment, missile components, financial management software etc

    Read More
  • Bharat Electronics bags order worth Rs 633 crore from Cochin Shipyard
    23rd Oct 2025, 09:17 AM

    The order is for supply of items required for various sensors, weapon equipment, fire control system and communication equipment supplied by the company

    Read More
  • Bharat Electronics secures additional orders worth Rs 592 crore
    16th Oct 2025, 10:30 AM

    Earlier, the company had secured additional orders worth Rs 1092 crore

    Read More
  • Bharat Electronics secures additional orders worth Rs 1092 crore
    30th Sep 2025, 10:52 AM

    Earlier, the company had secured additional orders worth Rs 712 crore

    Read More
  • Bharat Electronics secures additional orders worth Rs 712 crore
    16th Sep 2025, 17:45 PM

    Earlier, the company had bagged additional orders worth Rs 644 crore

    Read More
  • Bharat Electronics wins additional orders worth Rs 644 crore
    2nd Sep 2025, 10:48 AM

    Major orders received include Data Centre, Ship Fire Control System, Tank Navigation System, Communication Equipment, Seekers, Jammers, Simulators, Electronic Voting Machines, Upgrades, Spares,Services etc

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.