Nifty
:
24715.05
Sensex
:
80567.71
135.45 (0.55%)
409.83 (0.51%)
Nifty
Sensex
:
:
24715.05
80567.71
135.45 (0.55%)
409.83 (0.51%)

Bharat Electronics Ltd.

Engineering - Industrial Equipments

Rating :
70/99

BSE: 500049 | NSE: BEL

NSE BSE
378.70
03-Sep-2025
  • Open
  • High
  • Low
  • Previous Close
  •  377.75
  •  381.2
  •  377.1
  •  376.60
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  9919255
  •  3756633664
  •  436
  •  240.25

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 2,76,821.32
  • 50.33
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,67,276.22
  • 0.63%
  • 13.22

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 51.14%
  • 0.59%
  • 8.59%
  • FII
  • DII
  • Others
  • 18.56%
  • 18.81%
  • 2.31%

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
  • 23.27
  • 28.20
  • 40.24

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 5.75
  • 7.22
  • 9.45

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 16.73
  • 20.36
  • 25.87

Earnings Forecasts:

(Updated: 06-06-2025)
Description
2024
2025
2026
2027
Adj EPS
5.45
7.28
7.91
9.35
P/E Ratio
69.49
52.02
47.88
40.50
Revenue
19905
23769
27537
32354
EBITDA
5046
6834
7415
8772
Net Income
3985
5321
5795
6846
ROA
10.6
13.2
14.4
14.7
P/B Ratio
17.21
13.86
12.11
10.35
ROE
26.4
29.32
26.8
27.14
FCFF
4442
243
5056
4827
FCFF Yield
1.61
0.09
1.83
1.75
Net Debt
-10994
-9484
-11624
-13649
BVPS
22
27.32
31.28
36.58

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Sep 24
Sep 23
Var%
Net Sales
4,439.74
4,243.57
4.62%
9,149.59
8,564.08
6.84%
5,770.69
4,162.16
38.65%
4,604.90
4,009.06
14.86%
Expenses
3,201.47
3,295.37
-2.85%
6,333.53
6,276.85
0.90%
4,101.20
3,089.66
32.74%
3,204.95
2,994.89
7.01%
EBITDA
1,238.27
948.20
30.59%
2,816.06
2,287.23
23.12%
1,669.49
1,072.50
55.66%
1,399.95
1,014.17
38.04%
EBIDTM
27.89%
22.34%
30.78%
26.71%
28.93%
25.77%
30.40%
25.30%
Other Income
163.32
203.58
-19.78%
194.64
225.43
-13.66%
186.38
167.42
11.32%
157.76
137.06
15.10%
Interest
1.44
1.18
22.03%
5.86
4.05
44.69%
1.32
0.51
158.82%
1.32
1.51
-12.58%
Depreciation
120.79
107.68
12.17%
137.58
118.54
16.06%
110.93
107.46
3.23%
111.19
108.26
2.71%
PBT
1,279.36
1,042.92
22.67%
2,867.26
2,390.07
19.97%
1,743.62
1,131.95
54.04%
1,445.20
1,041.46
38.77%
Tax
318.69
261.93
21.67%
746.25
604.41
23.47%
442.35
283.83
55.85%
361.32
260.73
38.58%
PAT
960.67
780.99
23.01%
2,121.01
1,785.66
18.78%
1,301.27
848.12
53.43%
1,083.88
780.73
38.83%
PATM
21.64%
18.40%
23.18%
20.85%
22.55%
20.38%
23.54%
19.47%
EPS
1.33
1.08
23.15%
2.91
2.46
18.29%
1.79
1.18
51.69%
1.49
1.08
37.96%

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
23,964.92
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
14.23%
17.27%
14.29%
15.40%
8.93%
8.80%
6.61%
16.95%
19.99%
17.88%
 
Cost Of Goods Sold
11,948.21
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
12,016.71
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
50.14%
48.73%
47.82%
44.58%
42.31%
44.81%
45.48%
51.44%
47.30%
49.33%
48.20%
Total Expenditure
16,841.15
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
7,123.77
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
29.73%
28.11%
24.03%
22.54%
21.62%
22.58%
19.49%
22.75%
17.14%
19.77%
18.13%
Other Income
702.10
897.04
850.63
373.71
253.81
153.62
330.68
214.77
452.22
498.74
599.57
Interest
9.94
12.53
12.06
18.83
8.55
9.61
7.66
15.93
6.36
17.87
9.74
Depreciation
480.49
467.38
443.20
428.82
401.13
387.32
371.86
338.13
271.72
211.63
191.96
PBT
7,335.44
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
1,868.61
1,811.85
1,323.10
982.56
811.78
872.44
685.77
780.31
549.78
485.54
427.22
Tax Rate
25.47%
25.52%
25.12%
25.05%
25.64%
29.66%
27.67%
29.69%
28.09%
24.49%
24.68%
PAT
5,466.83
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
5,466.73
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
-0.10
-1.24
-0.72
-1.82
-1.35
-0.82
-0.87
-0.27
0.69
0.21
0.64
PAT Margin
22.81%
22.24%
19.45%
16.57%
15.31%
14.66%
13.82%
15.19%
13.54%
17.27%
17.74%
PAT Growth
30.30%
34.08%
34.16%
24.88%
13.76%
15.45%
-3.03%
31.24%
-5.96%
14.80%
 
EPS
7.48
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 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
  • Bharat Electronics secures additional orders worth Rs 551 crore
    30th Jul 2025, 14:30 PM

    Earlier, the company had secured additional orders worth Rs 563 crore

    Read More
  • Bharat Electronics reports 23% rise in Q1 consolidated net profit
    28th Jul 2025, 17:22 PM

    The consolidated total income of the company increased by 3.51% at Rs 4603.06 crore for Q1FY26

    Read More
  • Bharat Electronics - Quarterly Results
    28th Jul 2025, 15:02 PM

    Read More
  • Bharat Electronics inks contract worth Rs 1640 crore with Ministry of Defence
    25th Jul 2025, 15:43 PM

    The contract is for supply of air defence fire control radars to Indian Army

    Read More
  • Bharat Electronics secures additional orders worth Rs 563 crore
    25th Jul 2025, 12:21 PM

    Earlier, the company had secured additional orders worth Rs 528 crore

    Read More
  • Bharat Electronics signs contract with Indian Navy
    9th Jul 2025, 15:00 PM

    The project will bring in an integrated approach to data collation, analysis and information sharing amongst the various maritime stakeholders

    Read More
  • Bharat Electronics secures additional orders worth Rs 528 crore
    1st Jul 2025, 10:12 AM

    The company has received orders for radars, communication equipment, EVMs, jammers, shelters, control centre, spares, services etc

    Read More
  • Bharat Electronics secures additional orders worth Rs 585 crore
    21st Jun 2025, 10:39 AM

    The orders are for fire control and sighting system for missiles, communication equipment, jammers, spares, services etc

    Read More
  • Bharat Electronics inks MoU with Tata Electronics
    6th Jun 2025, 18:30 PM

    The MoU is for development of indigenous electronics and semiconductor solutions in line with the Government of India's vision for self-reliance

    Read More
  • Bharat Electronics secures orders worth Rs 2,323 crore
    5th Jun 2025, 16:59 PM

    The order is for supply of base and depot spares for the missile systems on Indian Naval ships

    Read More
  • Bharat Electronics secures additional orders worth Rs 537 crore
    4th Jun 2025, 15:52 PM

    Major orders received include communication equipment, advanced composite communication system

    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.