Nifty
:
23897.70
Sensex
:
76515.43
24.25 (0.10%)
362.57 (0.48%)
Nifty
Sensex
:
:
23897.70
76515.43
24.25 (0.10%)
362.57 (0.48%)

Bharat Electronics Ltd.

Engineering - Industrial Equipments

Rating :
67/99

BSE: 500049 | NSE: BEL

NSE BSE
405.35
04-Sep-2026
  • Open
  • High
  • Low
  • Previous Close
  •  409.25
  •  413.1
  •  405.35
  •  408.60
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  8354982
  •  3422432462.9
  •  473.45
  •  369.9

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 2,96,192.24
  • 48.19
  • 1
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 2,87,620.21
  • 0.62%
  • 11.83

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 51.14%
  • 0.49%
  • 8.51%
  • FII
  • DII
  • Others
  • 18.02%
  • 18.57%
  • 3.27%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 12.28
  • 12.43
  • 10.85

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 16.30
  • 18.48
  • 9.75

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 14.94
  • 20.68
  • 15.17

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 25.16
  • 40.38
  • 49.43

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 6.86
  • 9.29
  • 11.98

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 19.36
  • 25.32
  • 32.03

Earnings Forecasts:

(Updated: 05-09-2026)
Description
2026
2027
2028
2029
Adj EPS
79
-12
17.27
8.25
P/E Ratio
5.13
-33.78
23.47
49.13
Revenue
43.24
36.58
31.82
27560
EBITDA
32234.2
37726.4
43325.1
7843.64
Net Income
9252.54
10849.5
12382.7
6014.49
ROA
6979.57
8266.44
9535.78
14.57
P/B Ratio
-0.03
-0.03
-0.02
12.50
ROE
10.53
8.72
7.34
27.43
FCFF
26.19
25.64
27.25
5629.07
FCFF Yield
7748.15
5513
5922.06
1.91
Net Debt
2.63
1.87
2.01
-12366.1
BVPS
-11824.4
-13844
-17892.7
32.42

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
5,546.98
4,439.74
24.94%
10,224.43
9,149.59
11.75%
7,153.85
5,770.69
23.97%
5,792.09
4,604.90
25.78%
Expenses
4,158.58
3,201.47
29.90%
7,242.78
6,333.53
14.36%
5,026.61
4,101.20
22.56%
4,089.92
3,204.95
27.61%
EBITDA
1,388.40
1,238.27
12.12%
2,981.65
2,816.06
5.88%
2,127.24
1,669.49
27.42%
1,702.17
1,399.95
21.59%
EBIDTM
25.03%
27.89%
29.16%
30.78%
29.74%
28.93%
29.39%
30.40%
Other Income
169.56
163.32
3.82%
110.25
194.64
-43.36%
138.54
186.38
-25.67%
153.92
157.76
-2.43%
Interest
1.16
1.44
-19.44%
1.61
5.86
-72.53%
2.03
1.32
53.79%
1.65
1.32
25.00%
Depreciation
160.55
120.79
32.92%
172.95
137.58
25.71%
135.44
110.93
22.10%
126.49
111.19
13.76%
PBT
1,396.25
1,279.36
9.14%
2,917.34
2,867.26
1.75%
2,128.31
1,743.62
22.06%
1,727.95
1,445.20
19.56%
Tax
352.35
318.69
10.56%
703.15
746.25
-5.78%
558.12
442.35
26.17%
449.53
361.32
24.41%
PAT
1,043.90
960.67
8.66%
2,214.19
2,121.01
4.39%
1,570.19
1,301.27
20.67%
1,278.42
1,083.88
17.95%
PATM
18.82%
21.64%
21.66%
23.18%
21.95%
22.55%
22.07%
23.54%
EPS
1.44
1.33
8.27%
3.04
2.91
4.47%
2.16
1.79
20.67%
1.76
1.49
18.12%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
28,717.35
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
Net Sales Growth
19.83%
16.16%
17.27%
14.29%
15.40%
8.93%
8.80%
6.61%
16.95%
19.99%
 
Cost Of Goods Sold
14,978.04
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
Gross Profit
13,739.31
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
GP Margin
47.84%
49.17%
48.73%
47.82%
44.58%
42.31%
44.81%
45.48%
51.44%
47.30%
49.33%
Total Expenditure
20,517.89
19,853.82
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
Power & Fuel Cost
-
58.73
55.85
57.21
46.81
43.13
38.12
41.60
43.88
37.78
37.99
% Of Sales
-
0.21%
0.23%
0.28%
0.26%
0.28%
0.27%
0.32%
0.36%
0.36%
0.44%
Employee Cost
-
3,115.55
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
% Of Sales
-
11.28%
11.61%
12.28%
13.07%
13.85%
13.86%
16.00%
15.58%
17.19%
17.99%
Manufacturing Exp.
-
238.43
199.90
183.46
156.72
197.16
343.50
145.43
156.14
165.84
139.87
% Of Sales
-
0.86%
0.84%
0.91%
0.88%
1.28%
2.43%
1.12%
1.28%
1.59%
1.61%
General & Admin Exp.
-
327.54
300.60
272.39
220.24
155.09
117.04
196.51
218.50
183.97
169.48
% Of Sales
-
1.19%
1.26%
1.34%
1.24%
1.01%
0.83%
1.52%
1.80%
1.77%
1.96%
Selling & Distn. Exp.
-
70.93
56.87
58.28
48.98
47.00
34.93
61.31
60.00
58.22
35.18
% Of Sales
-
0.26%
0.24%
0.29%
0.28%
0.31%
0.25%
0.47%
0.49%
0.56%
0.41%
Miscellaneous Exp.
-
2,009.49
1,525.80
1,760.25
1,119.94
609.11
647.44
851.30
1,115.92
902.90
35.18
% Of Sales
-
7.28%
6.42%
8.68%
6.32%
3.96%
4.59%
6.56%
9.17%
8.68%
7.16%
EBITDA
8,199.46
7,756.29
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
EBITDA Margin
28.55%
28.09%
28.11%
24.03%
22.54%
21.62%
22.58%
19.49%
22.75%
17.14%
19.77%
Other Income
572.27
862.47
897.04
850.63
373.71
253.81
153.62
330.68
214.77
452.22
498.74
Interest
6.45
10.13
12.53
12.06
18.83
8.55
9.61
7.66
15.93
6.36
17.87
Depreciation
595.43
555.67
467.38
443.20
428.82
401.13
387.32
371.86
338.13
271.72
211.63
PBT
8,169.85
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
Tax
2,063.15
2,029.49
1,811.85
1,323.10
982.56
811.78
872.44
685.77
780.31
549.78
485.54
Tax Rate
25.25%
25.20%
25.52%
25.12%
25.05%
25.64%
29.66%
27.67%
29.69%
28.09%
24.49%
PAT
6,106.70
6,023.21
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
PAT before Minority Interest
6,105.39
6,023.47
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
Minority Interest
-1.31
-0.26
-1.24
-0.72
-1.82
-1.35
-0.82
-0.87
-0.27
0.69
0.21
PAT Margin
21.26%
21.82%
22.24%
19.45%
16.57%
15.31%
14.66%
13.82%
15.19%
13.54%
17.27%
PAT Growth
11.70%
13.95%
34.08%
34.16%
24.88%
13.76%
15.45%
-3.03%
31.24%
-5.96%
 
EPS
8.35
8.24
7.23
5.39
4.02
3.22
2.83
2.45
2.53
1.93
2.05

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
23,988.31
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
Share Capital
730.98
730.98
730.98
730.98
243.66
243.66
243.66
243.66
243.66
223.36
Total Reserves
23,257.33
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
Non-Current Liabilities
683.16
551.65
580.88
542.29
1,406.33
1,122.09
898.19
675.02
605.56
567.01
Secured Loans
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
33.33
16.67
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
1,083.83
902.16
967.28
844.65
1,805.32
1,412.03
1,164.27
923.64
818.60
891.50
Current Liabilities
19,259.75
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
Trade Payables
3,583.40
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
Other Current Liabilities
14,821.88
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
Short Term Borrowings
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
13.70
13.58
Short Term Provisions
854.47
739.71
694.81
627.54
424.51
350.28
334.51
480.82
454.04
417.07
Total Liabilities
43,950.05
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
Net Block
4,120.62
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
Gross Block
8,105.55
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
Accumulated Depreciation
3,984.93
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
Non Current Assets
5,893.18
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
Capital Work in Progress
731.16
1,051.80
893.72
854.94
1,006.04
882.68
827.98
849.03
940.05
742.81
Non Current Investment
799.59
742.97
682.23
649.99
1,572.02
1,305.94
1,110.32
964.42
937.34
490.96
Long Term Loans & Adv.
44.21
38.03
51.22
48.49
706.26
52.95
44.22
270.62
252.61
152.32
Other Non Current Assets
197.56
187.11
226.64
423.43
36.35
419.19
416.41
92.46
256.88
113.64
Current Assets
38,056.87
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
Current Investments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
10,175.53
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
Sundry Debtors
12,875.76
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
Cash & Bank
8,572.03
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
Other Current Assets
6,433.55
290.58
324.50
254.86
8,029.98
7,109.58
6,395.27
5,085.55
3,869.79
989.38
Short Term Loans & Adv.
6,240.14
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
Net Current Assets
18,797.12
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
Total Assets
43,950.05
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

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
1,541.37
564.27
4,659.49
1,199.26
4,207.22
5,093.22
2,570.41
1,513.88
-686.59
-60.94
PBT
8,091.75
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
Adjustment
29.17
-185.36
-48.54
832.02
265.63
449.29
328.33
412.12
114.73
-277.85
Changes in Working Capital
-4,558.93
-4,710.26
818.06
-2,534.23
1,533.88
2,204.80
305.83
-793.43
-2,130.18
-1,161.21
Cash after chg. in Working capital
3,561.99
2,238.91
6,077.86
2,266.59
5,011.51
5,626.29
3,144.65
2,285.67
-34.64
569.85
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-2,020.62
-1,674.64
-1,418.37
-1,067.33
-804.29
-533.07
-574.24
-771.79
-681.42
-649.82
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
0.00
29.47
19.03
Cash From Investing Activity
1,730.00
639.29
-5,923.85
2,707.65
-4,871.66
-2,595.22
-648.96
-895.94
-6.41
3,114.65
Net Fixed Assets
-914.10
-981.69
-534.36
-531.17
-539.13
-376.14
-743.14
-681.99
-779.27
-696.70
Net Investments
-43.26
-52.59
-103.39
889.84
-223.05
-169.52
-142.40
-116.12
-443.45
-140.59
Others
2,687.36
1,673.57
-5,286.10
2,348.98
-4,109.48
-2,049.56
236.58
-97.83
1,216.31
3,951.94
Cash from Financing Activity
-2,096.86
-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
Net Cash Inflow / Outflow
1,174.51
-492.87
-2,739.37
2,644.83
-1,742.04
1,422.27
860.93
-44.73
-1,895.38
196.91
Opening Cash & Equivalents
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
Closing Cash & Equivalent
1,887.96
713.45
1,206.32
3,945.69
1,300.86
3,042.90
1,620.63
759.70
804.43
2,699.81

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
32.82
27.32
22.34
18.96
16.81
15.13
41.33
37.80
32.90
31.49
ROA
14.30%
13.34%
10.67%
8.61%
7.56%
7.83%
8.11%
9.51%
7.91%
8.50%
ROE
27.40%
29.13%
26.12%
22.49%
20.17%
19.59%
18.59%
21.45%
17.87%
17.63%
ROCE
36.68%
39.18%
34.97%
30.15%
27.20%
27.92%
25.73%
30.50%
24.70%
23.43%
Fixed Asset Turnover
3.69
3.68
3.50
3.42
3.33
3.32
3.50
4.18
4.75
5.55
Receivable days
145.37
126.76
129.89
135.23
150.36
171.81
170.26
155.85
163.31
160.12
Inventory Days
127.53
127.19
125.11
123.90
125.32
115.43
118.24
135.37
164.67
178.90
Payable days
90.02
105.50
121.42
124.41
137.25
134.74
72.42
60.79
63.45
67.95
Cash Conversion Cycle
182.88
148.45
133.58
134.72
138.42
152.51
216.07
230.43
264.53
271.07
Total Debt/Equity
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.01
0.01
Interest Cover
795.96
567.56
437.67
209.33
371.32
307.12
324.55
165.99
308.71
111.94

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Bharat Electronics secures additional orders worth Rs 730 crore
    26th Aug 2026, 18:16 PM

    Major orders received include communication equipment, radar, avionics, tank sub system, electro optics etc

    Read More
  • Bharat Electronics wins additional orders worth Rs 541 crore
    11th Aug 2026, 10:12 AM

    Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical Biological Radiological and Nuclear systems, spares, services etc

    Read More
  • Bharat Electronics signs MoU with Esri India Technologies
    4th Aug 2026, 11:17 AM

    MoU is aimed for Cooperation in Surge Deployment for BEL/Defence Services

    Read More
  • Bharat Electronics secures additional orders worth Rs 847 crore
    1st Aug 2026, 12:20 PM

    Major orders received include electro optics, security operation centre, seekers, components, spares, services etc

    Read More
  • Bharat Electronics reports 9% rise in Q1 consolidated net profit
    28th Jul 2026, 10:09 AM

    Consolidated total income of the company increased by 24.19% to Rs 5,716.54 crore in Q1FY27

    Read More
  • Bharat Electronics - Quarterly Results
    28th Jul 2026, 00:00 AM

    Read More
  • Bharat Electronics wins additional orders worth Rs 572 crore
    14th Jul 2026, 09:18 AM

    Major orders received include communication equipment, avionics, encryptors, tank sub systems, EVM, batteries, components, upgrades, spares, services etc

    Read More
  • Bharat Electronics wins additional orders order worth Rs 1081 crore
    22nd Jun 2026, 17:39 PM

    Major orders received include communication equipment, radars, CBRN protection system, seekers, avionics, upgrades, spares, services, etc.

    Read More
  • 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

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.