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Bharat Electronics Limited share price

Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. The company's defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, upgrades, shelters and masts, simulators, batteries, components and devices, fuzes and unmanned systems; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and micro-electro mechanical systems, such as pressure transducers, and conductivi…Read more
Capital GoodsAerospace & DefenseNifty 50Nifty 100Nifty 500NSE: BELISIN INE263A01024
16 Oct 2026, 3:28 PM IST₹376.85▼ 3.55 (0.93%)
  • Market Cap₹ 2,75,469 Cr.
  • Current Price₹ 376.85
  • High / Low₹ 473 / 361
  • Stock P/E44.9
  • Book Value₹ 33
  • Dividend Yield0.66 %
  • ROCE31.9 %
  • ROE27.60 %
  • Face Value₹ 1.0
More figures (10)
  • EPS (TTM)₹ 8.40
  • Price / Book11.48
  • OPM29.1 %
  • Debt / Equity0.00
  • Sales growth (5Y)14.4 %
  • Profit growth (5Y)23.6 %
  • Promoter holding53.4 %
  • EV / EBITDA32.6
  • Beta0.31
  • All-time high₹ 473

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
BEL-2.31%-7.43%-17.29%-5.69%-8.49%+39.96%+39.14%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • Bharat Electronics Limited is in the Aerospace & Defense industry (Industrials), with a market value of ₹2,75,469 crore.
  • It trades at 44.9 times its last 12 months' earnings and 11.5 times book value.
  • Revenue grew 14.4% a year over the last 5 years, profit 23.6% a year.
  • Return on equity was 27.6% and return on capital employed 31.9% in the latest year.
  • Debt was 0.00 times shareholders' equity.
  • The share price is 20.4% below its 52-week high and down 8.5% over one year.
  • Promoters and insiders hold about 53.4%; institutions about 28.6%.

Pros

  • Strong return on equity: 27.8% on average over the last 3 years.
  • Company is almost debt-free (debt is 0.00 times equity).
  • Profit has grown 23.6% a year over the last 5 years.

Cons

  • Trades at 11.5 times its book value.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Bharat Electronics Limited

Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. The company's defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, upgrades, shelters and masts, simulators, batteries, components and devices, fuzes and unmanned systems; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and micro-electro mechanical systems, such as pressure transducers, and conductivity temperature and depth sensors. Its non-defense products comprise e-governance systems, homeland security products, civilian radars, and telecom and broadcast systems; integrated traffic management …

Employees
9,420
Head office
Bengaluru
NSE industry
Capital Goods

Peer comparison

IndustrialsCapital GoodsAerospace & Defense

Part ofNifty 50Nifty 100Nifty 500

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.Bharat Electronics376.8544.92,75,4690.661,0558.825,54724.9431.9
2.Hindustan Aeronautics4,989.0035.83,33,6520.921,59014.885,51514.4513.8
3.Mazagon Dock Shipbuilders2,092.0029.584,3870.8655021.742,94312.0828.5
4.Bharat Dynamics1,114.7078.440,8610.44119547.37566144.817.2
5.Cochin Shipyard1,248.8048.332,8540.90151-19.371,0942.4016.7
6.Garden Reach Shipbuilders & Engineers2,120.2030.324,2870.93173-29.241,81510.5136.8
7.Data Patterns (India)4,072.0085.122,7970.2522-13.4911616.8120.4
8.Sigma Advanced Systems957.60103.618,1880.0035-74.043747,078.4552.6
9.Aequs262.20—17,1700.00-53-1,571.6139654.77-0.2
10.Apollo Micro Systems429.00126.515,9420.062542.5925188.1213.0
Median: 14 Co.1,181.7578.420,4920.17135-2.3383020.8818.6

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ CrJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
3,5334,0094,1628,5644,2444,6055,7719,1504,4405,7927,15410,2245,547
2,8602,9953,0906,2773,2953,2054,1016,3343,2014,0905,0277,2434,159
Operating Profit6731,0141,0732,2879481,4001,6692,8161,2381,7022,1272,9821,388
OPM %19%25%26%27%22%30%29%31%28%29%30%29%25%
Other Income140137167225204158186195163154139110170
Interest1214111612221
Depreciation109108107119108111111138121126135173161
Profit before tax7031,0411,1322,3901,0431,4451,7442,8671,2791,7282,1282,9171,396
25%25%25%25%25%25%25%26%25%26%26%24%25%
5397908601,7977911,0931,3122,1279691,2871,5802,2261,055
EPS in Rs0.741.081.172.461.081.501.792.911.331.762.163.041.44
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ CrMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
10,48512,16412,96814,10915,36817,73420,26823,76927,61028,717
8,4509,25810,21310,89812,02713,64915,22216,93519,56120,518
Operating Profit2,0352,9062,7543,2113,3414,0865,0466,8348,0498,199
OPM %19%24%21%23%22%23%25%29%29%29%
Other Income1967399125232281670742566572
Interest2134651571076
Depreciation272338372387401429443467556595
Profit before tax1,9572,6282,4782,9423,1663,9235,2667,0998,0538,170
28%30%28%30%26%25%25%26%25%25%
1,4311,8871,8252,1002,4002,9863,9855,3236,0626,148
EPS in Rs1.942.582.502.873.284.095.457.288.298.40
Dividend Payout %42%37%32%34%

Compounded Sales Growth

5 Years:
14%
3 Years:
16%
TTM:
20%

Compounded Profit Growth

5 Years:
24%
3 Years:
27%
TTM:
12%

Stock Price CAGR

5 Years:
39%
3 Years:
40%
1 Year:
-8%

Return on Equity

4 Years:
26%
Last Year:
28%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital731731731731
Reserves13,13115,59519,24323,257
Borrowings61636165
21,56823,13820,79720,484
Total Liabilities35,49139,52740,83244,538
3,0783,2763,6943,979
CWIP385488490497
32,02835,76336,64740,061
Total Assets35,49139,52740,83244,538

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,1994,6595641,541
2,708-5,9246391,730
-1,262-1,475-1,696-2,097
Net Cash Flow2,645-2,739-4931,175
Free Cash Flow6094,007-447556

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE—21.5%26.4%29.3%27.6%
ROCE—26.4%30.1%33.7%31.9%
Operating margin—21.7%24.0%28.2%29.1%
Net margin—17.1%20.0%23.0%22.6%
Debt / equity—0.000.000.000.00
Current ratio—1.461.551.761.98
Debtor days—148136144175
Inventory days—239257273265
Days payable—12412810093
Cash conversion cycle—263265317347
Working capital days—199221238256

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 51.14%
  • FIIs 16.98%
  • DIIs 21.88%
  • Public 10.00%
%Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters51.14%51.14%51.14%51.14%51.14%51.14%51.14%51.14%51.14%51.14%51.14%51.14%
17.78%17.56%17.43%17.27%17.35%17.56%18.56%18.15%18.51%19.50%18.02%16.98%
23.37%22.64%20.61%20.22%20.94%20.88%20.60%20.88%20.48%19.99%21.02%21.88%
7.72%8.66%10.82%11.38%10.58%10.43%9.70%9.84%9.87%9.37%9.82%10.00%
No. of Shareholders10,98,22813,64,87325,18,66327,72,00226,53,67626,78,43525,42,37824,98,58825,43,62225,30,89626,04,29826,45,635

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Bharat Electronics

Holder (above 1%)Stake
Nps Trust - A/C Lic Nps Sanchay Scheme (Various Schemes)Pension fund2.52%
Kotak Mahindra Trustee Co Ltd A/C Infinity Hybrid Long-Short Fund (Various Schemes)Mutual fund2.18%
SBI ARBITRAGE FUND (VARIOUS SCHEMES)Mutual fund · see the fund house2.09%
Nippon Life India Trustee Ltd A/C Nippon India Nifty India Manufacturi (Various Schemes)Mutual fund2.05%
Life Insurance Corporation (Various Schemes)Insurance1.79%
HDFC MUTUAL FUND - HDFC BSE INDIA SECTOR LEADERS INDEX FUND (VARIOUS SCHEMES)Mutual fund · see the fund house1.49%
ICICI PRUDENTIAL LIFE CYCLE FUND 2036 (VARIOUS SCHEMES)Mutual fund · see the fund house1.41%
MOTILAL OSWAL NIFTY 100 ETF (VARIOUS SCHEMES)Mutual fund · see the fund house1.01%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 14.90% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Results announced
29 Oct 2026
Ex-dividend date
13 Aug 2026
Latest quarter
30 Jun 2026
Financial year end
31 Mar 2026

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Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Bharat Electronics Limited

What is the share price of Bharat Electronics Limited today?
Bharat Electronics Limited (BEL) last traded at ₹376.85 on NSE (16 Oct 2026, 3:28 PM IST). Prices may be delayed.
What is the market cap of Bharat Electronics Limited?
About ₹2,75,469 crore at the latest price.
What is the P/E ratio of Bharat Electronics Limited?
About 44.9 times its earnings over the last 12 months.
Is Bharat Electronics Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Bharat Electronics Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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