Share Price and Basic Stock Data
Last Updated: October 29, 2025, 4:48 am
| PEG Ratio | 3.05 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Bharat Electronics Ltd (BEL) operates in the Aerospace & Defense sector, with a current market capitalization of ₹3,02,296 Cr and a share price of ₹414. The company has shown robust revenue growth, with sales rising from ₹15,368 Cr in FY 2022 to ₹17,734 Cr in FY 2023, and further projected to reach ₹20,268 Cr in FY 2024. Quarterly sales also reflect this upward trend, with a notable increase from ₹3,141 Cr in June 2022 to ₹6,479 Cr in March 2023. This growth trajectory highlights BEL’s strong positioning in the defense segment, benefiting from increased government spending on defense and modernization initiatives. The company’s operating profit margin (OPM) stood at 23% in FY 2023 and is expected to improve to 25% in FY 2024, indicating enhanced operational efficiency. Such performance is indicative of BEL’s strong market presence and ability to capitalize on growing defense needs, particularly as India aims to bolster its indigenous defense manufacturing capabilities.
Profitability and Efficiency Metrics
Bharat Electronics reported a net profit of ₹2,986 Cr in FY 2023, which is a substantial increase from ₹2,400 Cr in FY 2022. The net profit margin improved to 16.57% in FY 2023 from 15.32% in FY 2022, underscoring the company’s ability to control costs while expanding its revenue base. The return on equity (ROE) stood at a commendable 29.2%, while the return on capital employed (ROCE) was reported at 38.9%, both metrics significantly outperforming typical sector averages. Furthermore, the interest coverage ratio (ICR) was exceptionally high at 782.65x, reflecting minimal debt levels and excellent capacity to meet interest obligations. Operating profit for the latest quarter (Mar 2024) reached ₹2,287 Cr, with an OPM of 27%, indicating strong efficiency in managing operational costs relative to sales. This combination of profitability and efficiency metrics positions BEL favorably within the competitive landscape of the defense sector.
Balance Sheet Strength and Financial Ratios
Bharat Electronics demonstrates a robust balance sheet, characterized by total reserves of ₹19,243 Cr and minimal borrowings of just ₹61 Cr, showcasing a conservative capital structure. The company’s financial ratios further reflect its sound financial health; the current ratio stood at 1.76, indicating adequate liquidity to cover short-term liabilities. The price-to-book value (P/BV) ratio is at 11.02x, suggesting a premium valuation in comparison to its book value of ₹27.32 per share. The cash conversion cycle (CCC) is reported at 313 days, which is relatively high but reflects the nature of defense contracts that often involve longer payment cycles. BEL’s retained earnings ratio is strong at 68.41%, indicating effective reinvestment of profits into the business. Overall, these metrics point towards a financially stable organization capable of sustaining its growth trajectory while minimizing risk exposure.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Bharat Electronics indicates a stable ownership structure, with promoters holding 51.14% of the equity. Foreign Institutional Investors (FIIs) have increased their stake to 18.56%, while Domestic Institutional Investors (DIIs) hold 20.60%. This distribution reflects a healthy level of institutional confidence in BEL, particularly as the company continues to deliver solid financial performance. The public shareholding stood at 9.70%, with a total of 25,42,378 shareholders as of June 2025, indicating a growing retail investor base. The consistent support from institutional investors is a positive sign for the company, as it suggests confidence in its future prospects and governance. However, the relatively high promoter holding may raise concerns about liquidity and the potential for limited public participation in the stock’s upside.
Outlook, Risks, and Final Insight
Looking ahead, Bharat Electronics is well-positioned to capitalize on the increasing defense budget and modernization initiatives by the Indian government, which should drive revenue growth. However, risks remain, including reliance on government contracts, which can be subject to delays and policy changes. Additionally, with a high P/BV ratio of 11.02x, valuation concerns may arise if growth expectations are not met. Nonetheless, the company’s strong profitability metrics, coupled with a solid balance sheet and institutional backing, provide a robust foundation for future performance. The outlook hinges on maintaining operational efficiency and effectively navigating the complex defense procurement landscape. Overall, if BEL can sustain its momentum and manage risks prudently, it could emerge as a leading player in the defense sector, particularly as global defense spending trends favor increased domestic production.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Bharat Electronics Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| MTAR Technologies Ltd | 7,025 Cr. | 2,281 | 2,319/1,152 | 116 | 238 | 0.00 % | 10.5 % | 7.51 % | 10.0 |
| DCX Systems Ltd | 2,496 Cr. | 224 | 393/200 | 59.0 | 104 | 0.00 % | 5.10 % | 3.14 % | 2.00 |
| Data Patterns (India) Ltd | 15,606 Cr. | 2,788 | 3,269/1,350 | 72.8 | 269 | 0.28 % | 21.0 % | 15.2 % | 2.00 |
| Paras Defence and Space Technologies Ltd | 5,728 Cr. | 711 | 972/401 | 88.6 | 79.8 | 0.04 % | 16.6 % | 11.8 % | 5.00 |
| Zen Technologies Ltd | 12,106 Cr. | 1,341 | 2,628/945 | 58.5 | 195 | 0.15 % | 32.9 % | 24.6 % | 1.00 |
| Industry Average | 69,592.64 Cr | 1,627.36 | 76.04 | 169.18 | 0.28% | 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: August 22, 2025, 5:29 pm
| 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 | 23,965 |
| 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 | 16,841 |
| 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 | 7,124 |
| 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 | 702 |
| 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 | 480 |
| 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 | 7,335 |
| 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 | 5,500 |
| 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 | 7.52 |
| 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: August 11, 2025, 1:44 pm
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 80 | 80 | 240 | 223 | 244 | 244 | 244 | 244 | 244 | 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 |
| Borrowings | 0 | 25 | 28 | 64 | 80 | 34 | 8 | 3 | 53 | 61 | 63 | 61 |
| Other Liabilities | 7,760 | 7,587 | 9,330 | 9,800 | 10,868 | 11,575 | 14,271 | 18,430 | 21,574 | 21,567 | 23,136 | 20,788 |
| Total Liabilities | 14,980 | 15,729 | 18,605 | 17,600 | 18,965 | 20,821 | 24,351 | 29,492 | 33,912 | 35,490 | 39,524 | 40,824 |
| 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 |
| CWIP | 458 | 140 | 430 | 743 | 940 | 849 | 828 | 883 | 1,006 | 855 | 894 | 1,052 |
| Investments | 0 | 0 | 462 | 491 | 937 | 964 | 1,110 | 1,306 | 1,572 | 650 | 682 | 743 |
| Other Assets | 13,828 | 14,516 | 16,481 | 14,865 | 15,248 | 16,710 | 19,700 | 24,651 | 28,659 | 31,022 | 34,913 | 35,610 |
| Total Assets | 14,980 | 15,729 | 18,605 | 17,600 | 18,965 | 20,821 | 24,351 | 29,492 | 33,912 | 35,490 | 39,524 | 40,824 |
Below is a detailed analysis of the balance sheet data for Bharat Electronics Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 731.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 731.00 Cr..
- For Reserves, as of Mar 2025, the value is 19,243.00 Cr.. The value appears strong and on an upward trend. It has increased from 15,595.00 Cr. (Mar 2024) to 19,243.00 Cr., marking an increase of 3,648.00 Cr..
- For Borrowings, as of Mar 2025, the value is 61.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 63.00 Cr. (Mar 2024) to 61.00 Cr., marking a decrease of 2.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 20,788.00 Cr.. The value appears to be improving (decreasing). It has decreased from 23,136.00 Cr. (Mar 2024) to 20,788.00 Cr., marking a decrease of 2,348.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 40,824.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 39,524.00 Cr. (Mar 2024) to 40,824.00 Cr., marking an increase of 1,300.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 3,419.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,035.00 Cr. (Mar 2024) to 3,419.00 Cr., marking an increase of 384.00 Cr..
- For CWIP, as of Mar 2025, the value is 1,052.00 Cr.. The value appears strong and on an upward trend. It has increased from 894.00 Cr. (Mar 2024) to 1,052.00 Cr., marking an increase of 158.00 Cr..
- For Investments, as of Mar 2025, the value is 743.00 Cr.. The value appears strong and on an upward trend. It has increased from 682.00 Cr. (Mar 2024) to 743.00 Cr., marking an increase of 61.00 Cr..
- For Other Assets, as of Mar 2025, the value is 35,610.00 Cr.. The value appears strong and on an upward trend. It has increased from 34,913.00 Cr. (Mar 2024) to 35,610.00 Cr., marking an increase of 697.00 Cr..
- For Total Assets, as of Mar 2025, the value is 40,824.00 Cr.. The value appears strong and on an upward trend. It has increased from 39,524.00 Cr. (Mar 2024) to 40,824.00 Cr., marking an increase of 1,300.00 Cr..
Notably, the Reserves (19,243.00 Cr.) exceed the Borrowings (61.00 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 - No data available for this post.
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 | 0.00 | -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 |
|---|---|---|---|---|---|---|
| Nippon India CPSE ETF | 212,586,944 | 14.36 | 6718.81 | 212,586,944 | 2025-04-22 17:25:40 | 0% |
| Canara Robeco Emerging Equities | 34,965,932 | 4.49 | 1105.1 | 34,965,932 | 2025-04-22 17:25:40 | 0% |
| Kotak Equity Opportunities Fund - Regular Plan | 28,000,000 | 3.53 | 884.94 | 28,000,000 | 2025-04-22 17:25:40 | 0% |
| Kotak Equity Arbitrage Fund - Regular Plan | 17,618,700 | 1.08 | 556.84 | 17,618,700 | 2025-04-22 17:25:40 | 0% |
| Motilal Oswal Nifty India Defence Index Fund | 14,320,876 | 19.42 | 452.61 | 14,320,876 | 2025-04-22 04:31:18 | 0% |
| Canara Robeco Flexi Cap Fund | 11,950,000 | 2.82 | 377.68 | 11,950,000 | 2025-04-22 17:25:40 | 0% |
| Canara Robeco Bluechip Equity Fund | 10,500,000 | 2.28 | 331.85 | 10,500,000 | 2025-04-22 17:25:40 | 0% |
| Canara Robeco Small Cap Fund | 10,345,987 | 2.72 | 326.98 | 10,345,987 | 2025-04-22 17:25:40 | 0% |
| Nippon India Growth Fund | 10,000,000 | 0.96 | 316.05 | 10,000,000 | 2025-04-22 17:25:40 | 0% |
| Franklin India Flexi Cap Fund | 9,365,082 | 1.7 | 295.98 | 9,365,082 | 2025-04-22 17:25:40 | 0% |
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: 55 (Industry average Stock P/E: 76.04)
- 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 | secretary@bel.co.in http://www.bel-india.in |
| 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 October 2025) is 352.78 which is 14.79% lower the current market price of 414.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 3,02,296 Cr. market cap, FY2025-2026 high/low of 436/240, reserves of ₹19,243 Cr, and liabilities of 40,824 Cr.
What is the Market Cap of Bharat Electronics Ltd?
The Market Cap of Bharat Electronics Ltd is 3,02,296 Cr..
What is the current Stock Price of Bharat Electronics Ltd as on 28 October 2025?
The current stock price of Bharat Electronics Ltd as on 28 October 2025 is 414.
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 55.0.
What is the Book Value of Bharat Electronics Ltd?
The Book Value of Bharat Electronics Ltd is 27.3.
What is the Dividend Yield of Bharat Electronics Ltd?
The Dividend Yield of Bharat Electronics Ltd is 0.58 %.
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.