Share Price and Basic Stock Data
Last Updated: December 27, 2025, 8:30 pm
| PEG Ratio | 2.71 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Bharat Electronics Ltd (BEL), a key player in the Aerospace & Defense sector, reported a current share price of ₹398 and a market capitalization of ₹2,91,258 Cr. The company has demonstrated robust revenue growth, with sales increasing from ₹15,368 Cr in FY 2022 to ₹17,734 Cr in FY 2023, and projected to reach ₹20,268 Cr in FY 2024 and ₹23,769 Cr in FY 2025. This growth trajectory is evidenced by quarterly sales figures, which recorded ₹6,479 Cr in Mar 2023 and are expected to rise to ₹9,150 Cr by Mar 2025. The company’s operating profit margin (OPM) stood at 28% for FY 2023, reflecting strong operational efficiency. The reported sales figures for the latest quarter, Jun 2023, were ₹3,533 Cr, indicating a slight decline from the preceding quarter but a significant recovery is anticipated in subsequent periods, as evidenced by the projected quarterly sales of ₹8,564 Cr in Mar 2024. This consistent revenue growth positions BEL favorably within the defense sector, which typically sees high demand for technological advancements and defense procurement.
Profitability and Efficiency Metrics
Bharat Electronics Ltd reported a net profit of ₹5,695 Cr for the trailing twelve months, showcasing a strong profitability profile with an impressive return on equity (ROE) of 29.2% and return on capital employed (ROCE) of 38.9%. The company’s operating profit for FY 2023 was ₹4,090 Cr, translating to an operating profit margin of 23%, which is above the industry average. The interest coverage ratio (ICR) stood at 782.65x, indicating exceptional ability to cover interest obligations, thereby minimizing financial risk. The cash conversion cycle (CCC) was recorded at 313 days, reflecting the time taken to convert investments in inventory and accounts receivable into cash flows. While the OPM is strong, the company’s expenses have also increased, reflecting the cost pressures typical in the defense sector. The net profit margin improved to 22.24% in FY 2025, underlining BEL’s ability to manage costs effectively while maximizing revenues.
Balance Sheet Strength and Financial Ratios
Bharat Electronics Ltd maintained a robust balance sheet with total assets reported at ₹40,824 Cr and total liabilities at ₹40,824 Cr. The company has a minimal borrowing level of only ₹59 Cr, showcasing a conservative approach to debt management and strong liquidity. Reserves have increased significantly from ₹20,836 Cr, reinforcing the company’s financial strength. The current ratio stood at 1.76, indicating adequate liquidity to cover short-term obligations, while the quick ratio was at 1.30, suggesting a healthy position even without inventory. The price-to-book value (P/BV) ratio is currently at 11.02x, indicating a premium valuation compared to the sector average. The dividend payout ratio for FY 2025 was reported at 31.59%, reflecting a commitment to returning value to shareholders while retaining sufficient earnings for growth. Overall, BEL’s strong balance sheet supports its operational needs and strategic initiatives, positioning it well for future growth.
Shareholding Pattern and Investor Confidence
Bharat Electronics Ltd has a diversified shareholding structure, with promoters holding 51.14% of the shares, thereby ensuring stable management control. Foreign institutional investors (FIIs) accounted for 18.14%, while domestic institutional investors (DIIs) held 20.88% of the company’s shares. The public holds 9.84%, and the total number of shareholders stood at 24,98,588, reflecting a broad base of investor participation. The slight decline in FII shareholding from 17.34% in Dec 2022 to 18.14% in Sep 2025 may indicate fluctuating foreign interest, while the steady DII holding suggests confidence among domestic institutions in BEL’s prospects. The increase in retail shareholder numbers to nearly 25 lakh is a positive sign of growing investor interest. This diversified ownership structure can enhance stability and reduce volatility, contributing to investor confidence in BEL as a long-term investment.
Outlook, Risks, and Final Insight
The outlook for Bharat Electronics Ltd remains positive, driven by increasing defense spending in India and a growing focus on indigenization in the defense sector. However, risks include potential delays in government contracts and fluctuations in raw material prices, which could impact profitability. Additionally, competition from private players and foreign firms poses a threat to market share. Nevertheless, BEL’s strong financial metrics, robust order book, and commitment to innovation position it favorably for sustained growth. The company’s ability to maintain high ROE and ROCE levels while managing costs effectively indicates operational resilience. Future scenarios may involve leveraging technological advancements to capture additional market share or expanding into international markets. Overall, BEL’s strategic initiatives and financial health suggest it will continue to be a leader in the Indian defense sector, provided it navigates the inherent challenges effectively.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| MTAR Technologies Ltd | 7,364 Cr. | 2,394 | 2,719/1,152 | 159 | 243 | 0.00 % | 10.5 % | 7.51 % | 10.0 |
| DCX Systems Ltd | 2,226 Cr. | 200 | 393/154 | 56.7 | 105 | 0.00 % | 5.10 % | 3.14 % | 2.00 |
| Data Patterns (India) Ltd | 14,991 Cr. | 2,678 | 3,269/1,350 | 64.2 | 275 | 0.30 % | 21.0 % | 15.2 % | 2.00 |
| Paras Defence and Space Technologies Ltd | 5,629 Cr. | 698 | 972/401 | 79.0 | 84.0 | 0.04 % | 16.6 % | 11.8 % | 5.00 |
| Zen Technologies Ltd | 12,413 Cr. | 1,375 | 2,590/945 | 60.0 | 195 | 0.15 % | 32.9 % | 24.6 % | 1.00 |
| Industry Average | 66,398.45 Cr | 1,579.36 | 73.08 | 177.62 | 0.29% | 22.58% | 16.73% | 4.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,141 | 3,962 | 4,153 | 6,479 | 3,533 | 4,009 | 4,162 | 8,564 | 4,244 | 4,605 | 5,771 | 9,150 | 4,440 |
| Expenses | 2,618 | 3,093 | 3,290 | 4,647 | 2,860 | 2,995 | 3,090 | 6,277 | 3,295 | 3,205 | 4,101 | 6,334 | 3,201 |
| Operating Profit | 522 | 868 | 863 | 1,832 | 673 | 1,014 | 1,072 | 2,287 | 948 | 1,400 | 1,669 | 2,816 | 1,238 |
| OPM % | 17% | 22% | 21% | 28% | 19% | 25% | 26% | 27% | 22% | 30% | 29% | 31% | 28% |
| Other Income | 82 | 74 | 59 | 66 | 140 | 137 | 167 | 225 | 204 | 158 | 186 | 195 | 163 |
| Interest | 1 | 2 | 10 | 2 | 1 | 2 | 1 | 4 | 1 | 1 | 1 | 6 | 1 |
| Depreciation | 99 | 109 | 106 | 114 | 109 | 108 | 107 | 119 | 108 | 111 | 111 | 138 | 121 |
| Profit before tax | 504 | 831 | 806 | 1,782 | 703 | 1,041 | 1,132 | 2,390 | 1,043 | 1,445 | 1,744 | 2,867 | 1,279 |
| Tax % | 29% | 26% | 25% | 23% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 26% | 25% |
| Net Profit | 366 | 624 | 614 | 1,382 | 539 | 790 | 860 | 1,797 | 791 | 1,093 | 1,312 | 2,127 | 969 |
| EPS in Rs | 0.50 | 0.85 | 0.84 | 1.89 | 0.74 | 1.08 | 1.18 | 2.46 | 1.08 | 1.49 | 1.79 | 2.91 | 1.33 |
Last Updated: August 1, 2025, 11:20 pm
Below is a detailed analysis of the quarterly data for Bharat Electronics Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 4,440.00 Cr.. The value appears to be declining and may need further review. It has decreased from 9,150.00 Cr. (Mar 2025) to 4,440.00 Cr., marking a decrease of 4,710.00 Cr..
- For Expenses, as of Jun 2025, the value is 3,201.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 6,334.00 Cr. (Mar 2025) to 3,201.00 Cr., marking a decrease of 3,133.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 1,238.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,816.00 Cr. (Mar 2025) to 1,238.00 Cr., marking a decrease of 1,578.00 Cr..
- For OPM %, as of Jun 2025, the value is 28.00%. The value appears to be declining and may need further review. It has decreased from 31.00% (Mar 2025) to 28.00%, marking a decrease of 3.00%.
- For Other Income, as of Jun 2025, the value is 163.00 Cr.. The value appears to be declining and may need further review. It has decreased from 195.00 Cr. (Mar 2025) to 163.00 Cr., marking a decrease of 32.00 Cr..
- For Interest, as of Jun 2025, the value is 1.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 6.00 Cr. (Mar 2025) to 1.00 Cr., marking a decrease of 5.00 Cr..
- For Depreciation, as of Jun 2025, the value is 121.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 138.00 Cr. (Mar 2025) to 121.00 Cr., marking a decrease of 17.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 1,279.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,867.00 Cr. (Mar 2025) to 1,279.00 Cr., marking a decrease of 1,588.00 Cr..
- For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Mar 2025) to 25.00%, marking a decrease of 1.00%.
- For Net Profit, as of Jun 2025, the value is 969.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,127.00 Cr. (Mar 2025) to 969.00 Cr., marking a decrease of 1,158.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 1.33. The value appears to be declining and may need further review. It has decreased from 2.91 (Mar 2025) to 1.33, marking a decrease of 1.58.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:34 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,518 | 7,093 | 7,354 | 8,656 | 10,401 | 12,164 | 12,968 | 14,109 | 15,368 | 17,734 | 20,268 | 23,769 | 25,152 |
| Expenses | 5,593 | 5,913 | 5,961 | 6,864 | 8,361 | 9,255 | 10,209 | 10,895 | 12,024 | 13,645 | 15,217 | 16,932 | 17,726 |
| Operating Profit | 925 | 1,179 | 1,393 | 1,792 | 2,039 | 2,909 | 2,759 | 3,214 | 3,344 | 4,090 | 5,051 | 6,837 | 7,426 |
| OPM % | 14% | 17% | 19% | 21% | 20% | 24% | 21% | 23% | 22% | 23% | 25% | 29% | 30% |
| Other Income | 438 | 507 | 573 | 420 | 196 | 73 | 99 | 125 | 232 | 281 | 670 | 742 | 698 |
| Interest | 7 | 7 | 10 | 18 | 6 | 16 | 8 | 10 | 9 | 19 | 12 | 13 | 10 |
| Depreciation | 150 | 166 | 192 | 212 | 272 | 338 | 372 | 387 | 401 | 429 | 443 | 467 | 496 |
| Profit before tax | 1,206 | 1,513 | 1,764 | 1,983 | 1,957 | 2,628 | 2,478 | 2,942 | 3,166 | 3,923 | 5,266 | 7,099 | 7,618 |
| Tax % | 21% | 21% | 24% | 24% | 28% | 30% | 28% | 30% | 26% | 25% | 25% | 26% | |
| Net Profit | 952 | 1,197 | 1,337 | 1,523 | 1,431 | 1,887 | 1,825 | 2,100 | 2,400 | 2,986 | 3,985 | 5,323 | 5,695 |
| EPS in Rs | 1.20 | 1.51 | 1.69 | 2.07 | 1.96 | 2.58 | 2.50 | 2.87 | 3.28 | 4.08 | 5.45 | 7.28 | 7.79 |
| Dividend Payout % | 20% | 20% | 31% | 33% | 34% | 44% | 37% | 46% | 46% | 44% | 40% | 33% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 25.74% | 11.70% | 13.91% | -6.04% | 31.87% | -3.29% | 15.07% | 14.29% | 24.42% | 33.46% | 33.58% |
| Change in YoY Net Profit Growth (%) | 0.00% | -14.04% | 2.22% | -19.95% | 37.91% | -35.15% | 18.35% | -0.78% | 10.13% | 9.04% | 0.12% |
Bharat Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 13% |
| 3 Years: | 16% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 24% |
| 3 Years: | 30% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 60% |
| 3 Years: | 50% |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 24% |
| 3 Years: | 26% |
| Last Year: | 29% |
Last Updated: September 5, 2025, 12:50 am
Balance Sheet
Last Updated: December 4, 2025, 1:02 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 80 | 80 | 240 | 223 | 244 | 244 | 244 | 244 | 244 | 731 | 731 | 731 | 731 |
| Reserves | 7,140 | 8,037 | 9,006 | 7,512 | 7,772 | 8,968 | 9,828 | 10,816 | 12,042 | 13,131 | 15,595 | 19,243 | 20,836 |
| Borrowings | 0 | 25 | 28 | 64 | 80 | 34 | 8 | 0 | 53 | 61 | 63 | 61 | 59 |
| Other Liabilities | 7,760 | 7,587 | 9,330 | 9,800 | 10,868 | 11,575 | 14,271 | 18,434 | 21,574 | 21,567 | 23,136 | 20,788 | 21,299 |
| Total Liabilities | 14,980 | 15,729 | 18,605 | 17,600 | 18,965 | 20,821 | 24,351 | 29,494 | 33,912 | 35,490 | 39,524 | 40,824 | 42,925 |
| Fixed Assets | 695 | 1,073 | 1,232 | 1,501 | 1,839 | 2,298 | 2,713 | 2,652 | 2,675 | 2,963 | 3,035 | 3,419 | 4,114 |
| CWIP | 458 | 140 | 430 | 743 | 940 | 849 | 828 | 883 | 1,006 | 855 | 894 | 1,052 | 564 |
| Investments | 0 | 0 | 462 | 491 | 937 | 964 | 1,110 | 1,306 | 1,572 | 650 | 682 | 743 | 779 |
| Other Assets | 13,828 | 14,516 | 16,481 | 14,865 | 15,248 | 16,710 | 19,700 | 24,653 | 28,659 | 31,022 | 34,913 | 35,610 | 37,467 |
| Total Assets | 14,980 | 15,729 | 18,605 | 17,600 | 18,965 | 20,821 | 24,351 | 29,494 | 33,912 | 35,490 | 39,524 | 40,824 | 42,925 |
Below is a detailed analysis of the balance sheet data for Bharat Electronics Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 731.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 731.00 Cr..
- For Reserves, as of Sep 2025, the value is 20,836.00 Cr.. The value appears strong and on an upward trend. It has increased from 19,243.00 Cr. (Mar 2025) to 20,836.00 Cr., marking an increase of 1,593.00 Cr..
- For Borrowings, as of Sep 2025, the value is 59.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 61.00 Cr. (Mar 2025) to 59.00 Cr., marking a decrease of 2.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 21,299.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 20,788.00 Cr. (Mar 2025) to 21,299.00 Cr., marking an increase of 511.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 42,925.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 40,824.00 Cr. (Mar 2025) to 42,925.00 Cr., marking an increase of 2,101.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 4,114.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,419.00 Cr. (Mar 2025) to 4,114.00 Cr., marking an increase of 695.00 Cr..
- For CWIP, as of Sep 2025, the value is 564.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,052.00 Cr. (Mar 2025) to 564.00 Cr., marking a decrease of 488.00 Cr..
- For Investments, as of Sep 2025, the value is 779.00 Cr.. The value appears strong and on an upward trend. It has increased from 743.00 Cr. (Mar 2025) to 779.00 Cr., marking an increase of 36.00 Cr..
- For Other Assets, as of Sep 2025, the value is 37,467.00 Cr.. The value appears strong and on an upward trend. It has increased from 35,610.00 Cr. (Mar 2025) to 37,467.00 Cr., marking an increase of 1,857.00 Cr..
- For Total Assets, as of Sep 2025, the value is 42,925.00 Cr.. The value appears strong and on an upward trend. It has increased from 40,824.00 Cr. (Mar 2025) to 42,925.00 Cr., marking an increase of 2,101.00 Cr..
Notably, the Reserves (20,836.00 Cr.) exceed the Borrowings (59.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 925.00 | -24.00 | -27.00 | -63.00 | -78.00 | -32.00 | -6.00 | 3.00 | -50.00 | -57.00 | -58.00 | -55.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 233 | 196 | 185 | 184 | 176 | 161 | 189 | 170 | 145 | 145 | 133 | 140 |
| Inventory Days | 325 | 321 | 401 | 407 | 305 | 275 | 204 | 233 | 230 | 240 | 257 | 273 |
| Days Payable | 120 | 111 | 112 | 108 | 91 | 89 | 126 | 155 | 139 | 124 | 128 | 100 |
| Cash Conversion Cycle | 438 | 406 | 473 | 483 | 390 | 347 | 267 | 248 | 237 | 261 | 262 | 313 |
| Working Capital Days | 89 | 52 | 8 | 63 | 125 | 134 | 119 | 47 | 4 | 28 | 18 | 85 |
| ROCE % | 18% | 20% | 20% | 23% | 25% | 30% | 26% | 28% | 27% | 30% | 35% | 39% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Kotak Flexicap Fund | 80,000,000 | 5.79 | 3294 | N/A | N/A | N/A |
| Kotak Midcap Fund | 33,587,745 | 2.29 | 1382.98 | N/A | N/A | N/A |
| Kotak Large & Midcap Fund | 28,000,000 | 3.85 | 1152.9 | N/A | N/A | N/A |
| Canara Robeco Large and Mid Cap Fund | 21,816,345 | 3.43 | 898.29 | N/A | N/A | N/A |
| Axis Large Cap Fund | 15,240,045 | 1.84 | 627.51 | 16,902,712 | 2025-12-15 09:10:24 | -9.84% |
| Motilal Oswal Large and Midcap Fund | 14,000,000 | 3.81 | 576.45 | 14,096,584 | 2025-12-15 07:59:16 | -0.69% |
| SBI PSU Fund | 12,975,000 | 9.27 | 534.25 | N/A | N/A | N/A |
| Axis Flexi Cap Fund | 11,788,313 | 3.66 | 485.38 | N/A | N/A | N/A |
| Axis Midcap Fund | 10,844,267 | 1.39 | 446.51 | N/A | N/A | N/A |
| Nippon India Growth Mid Cap Fund | 10,000,000 | 0.98 | 411.75 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 7.28 | 5.45 | 4.09 | 9.85 | 8.62 |
| Diluted EPS (Rs.) | 7.28 | 5.45 | 4.09 | 9.85 | 8.62 |
| Cash EPS (Rs.) | 7.87 | 6.00 | 4.61 | 11.31 | 10.08 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 27.32 | 22.36 | 18.99 | 50.49 | 45.45 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 27.32 | 22.36 | 18.99 | 50.49 | 45.45 |
| Revenue From Operations / Share (Rs.) | 32.52 | 27.73 | 24.26 | 63.07 | 57.90 |
| PBDIT / Share (Rs.) | 10.36 | 7.82 | 5.97 | 14.66 | 13.69 |
| PBIT / Share (Rs.) | 9.72 | 7.21 | 5.39 | 13.02 | 12.10 |
| PBT / Share (Rs.) | 9.71 | 7.20 | 5.37 | 12.99 | 12.07 |
| Net Profit / Share (Rs.) | 7.23 | 5.39 | 4.02 | 9.66 | 8.49 |
| NP After MI And SOA / Share (Rs.) | 7.28 | 5.45 | 4.08 | 9.85 | 8.61 |
| PBDIT Margin (%) | 31.87 | 28.20 | 24.62 | 23.24 | 23.64 |
| PBIT Margin (%) | 29.90 | 26.01 | 22.20 | 20.63 | 20.89 |
| PBT Margin (%) | 29.86 | 25.98 | 22.12 | 20.60 | 20.85 |
| Net Profit Margin (%) | 22.24 | 19.45 | 16.57 | 15.32 | 14.66 |
| NP After MI And SOA Margin (%) | 22.38 | 19.65 | 16.82 | 15.60 | 14.87 |
| Return on Networth / Equity (%) | 26.64 | 24.40 | 21.53 | 19.52 | 18.97 |
| Return on Capital Employeed (%) | 33.72 | 30.13 | 26.38 | 22.13 | 23.28 |
| Return On Assets (%) | 13.03 | 10.08 | 8.40 | 7.07 | 7.11 |
| Asset Turnover Ratio (%) | 0.59 | 0.54 | 0.51 | 0.48 | 0.52 |
| Current Ratio (X) | 1.76 | 1.55 | 1.46 | 1.39 | 1.41 |
| Quick Ratio (X) | 1.30 | 1.21 | 1.15 | 1.11 | 1.11 |
| Inventory Turnover Ratio (X) | 2.87 | 1.51 | 1.56 | 1.54 | 1.50 |
| Dividend Payout Ratio (NP) (%) | 31.59 | 36.69 | 41.63 | 42.65 | 48.75 |
| Dividend Payout Ratio (CP) (%) | 29.04 | 33.01 | 36.40 | 36.54 | 41.16 |
| Earning Retention Ratio (%) | 68.41 | 63.31 | 58.37 | 57.35 | 51.25 |
| Cash Earning Retention Ratio (%) | 70.96 | 66.99 | 63.60 | 63.46 | 58.84 |
| Interest Coverage Ratio (X) | 782.65 | 800.64 | 292.09 | 707.41 | 523.62 |
| Interest Coverage Ratio (Post Tax) (X) | 547.19 | 553.26 | 197.68 | 467.23 | 325.86 |
| Enterprise Value (Cr.) | 210645.02 | 136217.25 | 63213.27 | 43828.31 | 25423.10 |
| EV / Net Operating Revenue (X) | 8.86 | 6.72 | 3.56 | 2.85 | 1.80 |
| EV / EBITDA (X) | 27.80 | 23.83 | 14.48 | 12.27 | 7.62 |
| MarketCap / Net Operating Revenue (X) | 9.26 | 7.27 | 4.02 | 3.34 | 2.16 |
| Retention Ratios (%) | 68.40 | 63.30 | 58.36 | 57.34 | 51.24 |
| Price / BV (X) | 11.02 | 9.02 | 5.14 | 4.18 | 2.76 |
| Price / Net Operating Revenue (X) | 9.26 | 7.27 | 4.02 | 3.34 | 2.16 |
| EarningsYield | 0.02 | 0.02 | 0.04 | 0.04 | 0.06 |
After reviewing the key financial ratios for Bharat Electronics Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 7.28. This value is within the healthy range. It has increased from 5.45 (Mar 24) to 7.28, marking an increase of 1.83.
- For Diluted EPS (Rs.), as of Mar 25, the value is 7.28. This value is within the healthy range. It has increased from 5.45 (Mar 24) to 7.28, marking an increase of 1.83.
- For Cash EPS (Rs.), as of Mar 25, the value is 7.87. This value is within the healthy range. It has increased from 6.00 (Mar 24) to 7.87, marking an increase of 1.87.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 27.32. It has increased from 22.36 (Mar 24) to 27.32, marking an increase of 4.96.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 27.32. It has increased from 22.36 (Mar 24) to 27.32, marking an increase of 4.96.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 32.52. It has increased from 27.73 (Mar 24) to 32.52, marking an increase of 4.79.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 10.36. This value is within the healthy range. It has increased from 7.82 (Mar 24) to 10.36, marking an increase of 2.54.
- For PBIT / Share (Rs.), as of Mar 25, the value is 9.72. This value is within the healthy range. It has increased from 7.21 (Mar 24) to 9.72, marking an increase of 2.51.
- For PBT / Share (Rs.), as of Mar 25, the value is 9.71. This value is within the healthy range. It has increased from 7.20 (Mar 24) to 9.71, marking an increase of 2.51.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 7.23. This value is within the healthy range. It has increased from 5.39 (Mar 24) to 7.23, marking an increase of 1.84.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 7.28. This value is within the healthy range. It has increased from 5.45 (Mar 24) to 7.28, marking an increase of 1.83.
- For PBDIT Margin (%), as of Mar 25, the value is 31.87. This value is within the healthy range. It has increased from 28.20 (Mar 24) to 31.87, marking an increase of 3.67.
- For PBIT Margin (%), as of Mar 25, the value is 29.90. This value exceeds the healthy maximum of 20. It has increased from 26.01 (Mar 24) to 29.90, marking an increase of 3.89.
- For PBT Margin (%), as of Mar 25, the value is 29.86. This value is within the healthy range. It has increased from 25.98 (Mar 24) to 29.86, marking an increase of 3.88.
- For Net Profit Margin (%), as of Mar 25, the value is 22.24. This value exceeds the healthy maximum of 10. It has increased from 19.45 (Mar 24) to 22.24, marking an increase of 2.79.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 22.38. This value exceeds the healthy maximum of 20. It has increased from 19.65 (Mar 24) to 22.38, marking an increase of 2.73.
- For Return on Networth / Equity (%), as of Mar 25, the value is 26.64. This value is within the healthy range. It has increased from 24.40 (Mar 24) to 26.64, marking an increase of 2.24.
- For Return on Capital Employeed (%), as of Mar 25, the value is 33.72. This value is within the healthy range. It has increased from 30.13 (Mar 24) to 33.72, marking an increase of 3.59.
- For Return On Assets (%), as of Mar 25, the value is 13.03. This value is within the healthy range. It has increased from 10.08 (Mar 24) to 13.03, marking an increase of 2.95.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.59. It has increased from 0.54 (Mar 24) to 0.59, marking an increase of 0.05.
- For Current Ratio (X), as of Mar 25, the value is 1.76. This value is within the healthy range. It has increased from 1.55 (Mar 24) to 1.76, marking an increase of 0.21.
- For Quick Ratio (X), as of Mar 25, the value is 1.30. This value is within the healthy range. It has increased from 1.21 (Mar 24) to 1.30, marking an increase of 0.09.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 2.87. This value is below the healthy minimum of 4. It has increased from 1.51 (Mar 24) to 2.87, marking an increase of 1.36.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 31.59. This value is within the healthy range. It has decreased from 36.69 (Mar 24) to 31.59, marking a decrease of 5.10.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 29.04. This value is within the healthy range. It has decreased from 33.01 (Mar 24) to 29.04, marking a decrease of 3.97.
- For Earning Retention Ratio (%), as of Mar 25, the value is 68.41. This value is within the healthy range. It has increased from 63.31 (Mar 24) to 68.41, marking an increase of 5.10.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 70.96. This value exceeds the healthy maximum of 70. It has increased from 66.99 (Mar 24) to 70.96, marking an increase of 3.97.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 782.65. This value is within the healthy range. It has decreased from 800.64 (Mar 24) to 782.65, marking a decrease of 17.99.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 547.19. This value is within the healthy range. It has decreased from 553.26 (Mar 24) to 547.19, marking a decrease of 6.07.
- For Enterprise Value (Cr.), as of Mar 25, the value is 210,645.02. It has increased from 136,217.25 (Mar 24) to 210,645.02, marking an increase of 74,427.77.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 8.86. This value exceeds the healthy maximum of 3. It has increased from 6.72 (Mar 24) to 8.86, marking an increase of 2.14.
- For EV / EBITDA (X), as of Mar 25, the value is 27.80. This value exceeds the healthy maximum of 15. It has increased from 23.83 (Mar 24) to 27.80, marking an increase of 3.97.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 9.26. This value exceeds the healthy maximum of 3. It has increased from 7.27 (Mar 24) to 9.26, marking an increase of 1.99.
- For Retention Ratios (%), as of Mar 25, the value is 68.40. This value is within the healthy range. It has increased from 63.30 (Mar 24) to 68.40, marking an increase of 5.10.
- For Price / BV (X), as of Mar 25, the value is 11.02. This value exceeds the healthy maximum of 3. It has increased from 9.02 (Mar 24) to 11.02, marking an increase of 2.00.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 9.26. This value exceeds the healthy maximum of 3. It has increased from 7.27 (Mar 24) to 9.26, marking an increase of 1.99.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bharat Electronics Ltd:
- Net Profit Margin: 22.24%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 33.72% (Industry Average ROCE: 22.58%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 26.64% (Industry Average ROE: 16.73%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 547.19
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.3
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 51.1 (Industry average Stock P/E: 73.08)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 22.24%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Aerospace & Defense | Outer Ring Road, Bengaluru Karnataka 560045 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Manoj Jain | Chairman & Managing Director |
| Mr. S Damodar Bhattad | Director - Finance & CFO |
| Mr. N Vikraman | Director - Human Resources |
| Mr. K V Suresh Kumar | Director - Marketing |
| Mr. Rajnish Sharma | Director |
| Mr. R Hari Kumar | Director - R & D |
| Mr. Kamesh Kasana | Director |
| Dr. Binoy Kumar Das | Part Time Official (Nominee) Director |
| Ms. Meera Mohanty | Part Time Official (Nominee) Director |
| Lt. Gen. Vishwambhar Singh | Part Time Non Official Director |
| Mr. Pradeep Tripathi | Part Time Non Official Director |
| Mr. Bharatsinh Prabhatsinh Parmar | Part Time Non Official Director |
FAQ
What is the intrinsic value of Bharat Electronics Ltd?
Bharat Electronics Ltd's intrinsic value (as of 28 December 2025) is 354.25 which is 10.99% lower the current market price of 398.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,91,258 Cr. market cap, FY2025-2026 high/low of 436/240, reserves of ₹20,836 Cr, and liabilities of 42,925 Cr.
What is the Market Cap of Bharat Electronics Ltd?
The Market Cap of Bharat Electronics Ltd is 2,91,258 Cr..
What is the current Stock Price of Bharat Electronics Ltd as on 28 December 2025?
The current stock price of Bharat Electronics Ltd as on 28 December 2025 is 398.
What is the High / Low of Bharat Electronics Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Bharat Electronics Ltd stocks is 436/240.
What is the Stock P/E of Bharat Electronics Ltd?
The Stock P/E of Bharat Electronics Ltd is 51.1.
What is the Book Value of Bharat Electronics Ltd?
The Book Value of Bharat Electronics Ltd is 29.5.
What is the Dividend Yield of Bharat Electronics Ltd?
The Dividend Yield of Bharat Electronics Ltd is 0.60 %.
What is the ROCE of Bharat Electronics Ltd?
The ROCE of Bharat Electronics Ltd is 38.9 %.
What is the ROE of Bharat Electronics Ltd?
The ROE of Bharat Electronics Ltd is 29.2 %.
What is the Face Value of Bharat Electronics Ltd?
The Face Value of Bharat Electronics Ltd is 1.00.