Nifty
:
23366.70
Sensex
:
74243.34
-49.85 (-0.21%)
-116.67 (-0.16%)
Nifty
Sensex
:
:
23366.70
74243.34
-49.85 (-0.21%)
-116.67 (-0.16%)

Bharat Electronics Ltd.

Engineering - Industrial Equipments

Rating :
70/99

BSE: 500049 | NSE: BEL

NSE BSE
408.20
05-Jun-2026
  • Open
  • High
  • Low
  • Previous Close
  •  410.1
  •  412
  •  405.1
  •  409.90
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  11084641
  •  4519339139.2
  •  473.45
  •  361.2

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 2,98,275.53
  • 49.20
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,89,703.50
  • 0.61%
  • 12.43

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 51.14%
  • 0.46%
  • 8.08%
  • FII
  • DII
  • Others
  • 19.51%
  • 17.76%
  • 3.05%

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
  • 14.73
  • 20.64
  • 21.62

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 24.11
  • 34.36
  • 49.05

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 6.57
  • 8.86
  • 11.50

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 18.63
  • 24.26
  • 30.82

Earnings Forecasts:

(Updated: 30-05-2026)
Description
2024
2025
2026
2027
Adj EPS
8.25
9.62
11.37
13.07
P/E Ratio
49.48
42.43
35.90
31.23
Revenue
27560
32153.9
37628.5
43290.3
EBITDA
7843.64
9266.73
10866.3
12443.9
Net Income
6014.49
6999.87
8286.44
9564.06
ROA
14.36
14.71
15.09
16.63
P/B Ratio
12.58
10.34
8.57
7.21
ROE
27.43
26.53
26.2
27.34
FCFF
5629.07
8076.13
5860.95
7794.8
FCFF Yield
1.88
2.69
1.95
2.6
Net Debt
-12366.1
-12070.9
-14230.1
-20842.7
BVPS
32.45
39.47
47.61
56.62

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Net Sales
10,224.43
9,149.59
11.75%
7,153.85
5,770.69
23.97%
5,792.09
4,604.90
25.78%
4,439.74
4,243.57
4.62%
Expenses
7,242.78
6,333.53
14.36%
5,026.61
4,101.20
22.56%
4,089.92
3,204.95
27.61%
3,201.47
3,295.37
-2.85%
EBITDA
2,981.65
2,816.06
5.88%
2,127.24
1,669.49
27.42%
1,702.17
1,399.95
21.59%
1,238.27
948.20
30.59%
EBIDTM
29.16%
30.78%
29.74%
28.93%
29.39%
30.40%
27.89%
22.34%
Other Income
110.25
194.64
-43.36%
138.54
186.38
-25.67%
153.92
157.76
-2.43%
163.32
203.58
-19.78%
Interest
1.61
5.86
-72.53%
2.03
1.32
53.79%
1.65
1.32
25.00%
1.44
1.18
22.03%
Depreciation
172.95
137.58
25.71%
135.44
110.93
22.10%
126.49
111.19
13.76%
120.79
107.68
12.17%
PBT
2,917.34
2,867.26
1.75%
2,128.31
1,743.62
22.06%
1,727.95
1,445.20
19.56%
1,279.36
1,042.92
22.67%
Tax
703.15
746.25
-5.78%
558.12
442.35
26.17%
449.53
361.32
24.41%
318.69
261.93
21.67%
PAT
2,214.19
2,121.01
4.39%
1,570.19
1,301.27
20.67%
1,278.42
1,083.88
17.95%
960.67
780.99
23.01%
PATM
21.66%
23.18%
21.95%
22.55%
22.07%
23.54%
21.64%
18.40%
EPS
3.04
2.91
4.47%
2.16
1.79
20.67%
1.76
1.49
18.12%
1.33
1.08
23.15%

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
27,610.11
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
16.16%
17.27%
14.29%
15.40%
8.93%
8.80%
6.61%
16.95%
19.99%
17.88%
 
Cost Of Goods Sold
14,033.15
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
13,576.96
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
49.17%
48.73%
47.82%
44.58%
42.31%
44.81%
45.48%
51.44%
47.30%
49.33%
48.20%
Total Expenditure
19,560.78
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
8,049.33
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
29.15%
28.11%
24.03%
22.54%
21.62%
22.58%
19.49%
22.75%
17.14%
19.77%
18.13%
Other Income
566.03
897.04
850.63
373.71
253.81
153.62
330.68
214.77
452.22
498.74
599.57
Interest
6.73
12.53
12.06
18.83
8.55
9.61
7.66
15.93
6.36
17.87
9.74
Depreciation
555.67
467.38
443.20
428.82
401.13
387.32
371.86
338.13
271.72
211.63
191.96
PBT
8,052.96
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
2,029.49
1,811.85
1,323.10
982.56
811.78
872.44
685.77
780.31
549.78
485.54
427.22
Tax Rate
25.20%
25.52%
25.12%
25.05%
25.64%
29.66%
27.67%
29.69%
28.09%
24.49%
24.68%
PAT
6,023.47
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
1,337.39
PAT before Minority Interest
6,023.21
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
1,336.75
Minority Interest
-0.26
-1.24
-0.72
-1.82
-1.35
-0.82
-0.87
-0.27
0.69
0.21
0.64
PAT Margin
21.82%
22.24%
19.45%
16.57%
15.31%
14.66%
13.82%
15.19%
13.54%
17.27%
18.19%
PAT Growth
13.93%
34.08%
34.16%
24.88%
13.76%
15.45%
-3.03%
31.24%
-5.96%
11.95%
 
EPS
8.24
7.23
5.39
4.02
3.22
2.83
2.45
2.53
1.93
2.05
1.83

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
1,305.94
1,110.32
964.42
937.34
490.96
462.33
Long Term Loans & Adv.
38.03
51.22
48.49
706.26
52.95
44.22
270.62
252.61
152.32
110.21
Other Non Current Assets
187.11
226.64
423.43
36.35
419.19
416.41
92.46
256.88
113.64
78.75
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
4,951.75
3,696.78
796.31
429.12
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
-223.05
-169.52
-142.40
-116.12
-443.45
-140.59
-299.99
Others
1,651.22
-5,286.10
2,348.98
-4,109.48
-2,049.56
236.58
-97.83
1,216.31
3,951.94
-2,218.82
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:


  • BEL, DGQA sign agreement for long term provisioning of Electronic Fuzes as PSCs
    5th Jun 2026, 17:08 PM

    This will also enable DGQA and BEL to establish a framework and road map for long term provisioning of Electronic Fuzes as PSCs and facilitate finalization of Rate Contract

    Read More
  • Bharat Electronics signs MoU with FSID
    28th May 2026, 10:59 AM

    The MoU underscores BEL’s commitment to advancing indigenous technological capabilities in aerospace and defence sectors

    Read More
  • Bharat Electronics secures additional orders worth Rs 608 crore
    25th May 2026, 16:58 PM

    Major orders received include communication equipment, avionics, information fusion centre, coastal surveillance radar system

    Read More
  • Bharat Electronics reports 5% rise in Q4 consolidated net profit
    20th May 2026, 10:44 AM

    Consolidated total income of the company increased by 10.60% at Rs 10,334.68 crore for Q4FY26

    Read More
  • Bharat Electronics - Quarterly Results
    20th May 2026, 00:00 AM

    Read More
  • Bharat Electronics secures orders worth Rs 569 crore
    22nd Apr 2026, 17:23 PM

    Major orders received include avionics, EW system, high energy laser, communication equipment, tank sub systems, laser-based fuzes, test equipment, upgrades, spares, services etc

    Read More
  • Bharat Electronics secures additional orders worth Rs 6,795 crore
    1st Apr 2026, 09:21 AM

    Earlier, the company had secured additional orders worth Rs 1660 crore

    Read More
  • Bharat Electronics bags orders worth Rs 1660 crore
    30th Mar 2026, 15:14 PM

    Major orders received include satellite communication network, electronic warfare systems, communication equipment, etc

    Read More
  • Bharat Electronics secures orders worth Rs 1011 crore
    17th Mar 2026, 17:23 PM

    Major orders received include communication equipment, radar warning and jamming system, etc

    Read More
  • BEL, SASMOS HET join hands to strengthen indigenous defence production capabilities
    7th Mar 2026, 14:38 PM

    The MoU establishes a structured framework for joint participation in defence and strategic programmes

    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.