Bharat Electronics Ltd (BEL)
₹369.90
Mkt cap
₹2.70L Cr
P/E ratio
42.30
P/B
10.30
Div yield
0.68%
ROE
27.40%
ROCE
36.40%
EPS (TTM)
₹8.74
Book value
₹36
52W range
355–473
Sector
Industrials
Price history
Previous close
Incorporated in 1954, Bharat Electronics Ltd manufactures and supplies electronic equipment and systems to the defence sector. Company also has a limited presence in the civilian market [1]
NSE BELBSE 500049
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthModerate
TechnicalsBearish
52-week range
−21.87% from high₹370
₹355+4.33% from low₹473
Current
₹369.90
Prev close
₹370.00
Day
−0.03%
Price performance
1D
−0.03%
1W
+2.18%
1M
−4.60%
3M
−3.90%
6M
−15.46%
1Y
−11.64%
YTD
−8.25%
Financials
Revenue, profit & margin
P/E ratio
42.3×
BEL is 39% below the sector median of 69.7×
BEL42.3×
Sector median69.7×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,009 | 4,162 | 8,564 | 4,244 | 4,605 | 5,771 | 9,150 | 4,440 | 5,792 | 7,154 | 10,224 | 5,547 | 7,328 | |
| Expenses | 2,995 | 3,090 | 6,277 | 3,295 | 3,205 | 4,101 | 6,334 | 3,201 | 4,090 | 5,027 | 7,243 | 4,159 | 5,287 | |
| Operating Profit | 1,014 | 1,072 | 2,287 | 948 | 1,400 | 1,669 | 2,816 | 1,238 | 1,702 | 2,127 | 2,982 | 1,388 | 2,041 | |
| OPM % | 25% | 26% | 27% | 22% | 30% | 29% | 31% | 28% | 29% | 30% | 29% | 25% | 28% | |
| Other Income | 137 | 167 | 225 | 204 | 158 | 186 | 195 | 163 | 154 | 139 | 110 | 170 | 187 | |
| Interest | 2 | 1 | 4 | 1 | 1 | 1 | 6 | 1 | 2 | 2 | 2 | 1 | 3 | |
| Depreciation | 108 | 107 | 119 | 108 | 111 | 111 | 138 | 121 | 126 | 135 | 173 | 161 | 171 | |
| Profit before tax | 1,041 | 1,132 | 2,390 | 1,043 | 1,445 | 1,744 | 2,867 | 1,279 | 1,728 | 2,128 | 2,917 | 1,396 | 2,054 | |
| Tax % | 25% | 25% | 25% | 25% | 25% | 25% | 26% | 25% | 26% | 26% | 24% | 25% | 25% | |
| Net Profit | 790 | 860 | 1,797 | 791 | 1,093 | 1,312 | 2,127 | 969 | 1,287 | 1,580 | 2,226 | 1,055 | 1,540 | |
| EPS in Rs | 1.08 | 1.18 | 2.46 | 1.08 | 1.49 | 1.79 | 2.91 | 1.33 | 1.76 | 2.16 | 3.04 | 1.44 | 2.11 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.01% · closed higher next day 30 of last 65
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 29 Jan '24 | 20 May '24◦ | 29 Jul '24◦ | 25 Oct '24 | 30 Jan '25◦ | 19 May '25◦ | 28 Jul '25◦ | 31 Oct '25 | 28 Jan '26 | 19 May '26 | 27 Jul '26◦ | 30 Oct '26◦ |
| Earnings day | +0.63% | +5.93% | −1.01% | +0.37% | +4.99% | +0.01% | −0.26% | +3.95% | +8.91% | −0.86% | −4.46% | — |
| +1 day | −0.95% | +9.58% | −1.65% | −0.48% | +1.09% | +5.29% | −0.71% | +3.03% | +6.86% | −3.12% | −4.81% | — |
| +5 days | −4.30% | +11.71% | −10.61% | +4.72% | +0.36% | +5.95% | −0.67% | +1.70% | +5.59% | −1.52% | −3.84% | — |
| +15 days | −0.50% | +10.59% | −4.96% | +2.82% | −6.64% | +9.25% | −4.47% | −1.49% | +7.63% | −4.28% | +1.19% | — |
| +30 days | +7.67% | +21.52% | −10.36% | +15.75% | +0.42% | +18.83% | −1.05% | −4.67% | +9.04% | −2.71% | +0.84% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202651.14%Promoter
Promoters51.14%
FIIs16.99%1.03
DIIs21.86%0.84
Public10.00%0.18
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Hind.Aeronautics | ₹4,853.70 | 34.82 | 3,24,603 | 0.93% | 1,590 | +14.88% | 5,515 | +14.45% | 31.97% |
| Bharat Electron | ₹369.90 | 42.26 | 2,70,389 | 0.68% | 1,540 | +19.60% | 7,328 | +26.51% | 36.44% |
| Bharat Dynamics | ₹974.00 | 68.56 | 35,703 | 0.50% | 119 | +547.36% | 572 | +130.81% | 13.86% |
| Garden Reach Sh. | ₹1,943.70 | 27.81 | 22,265 | 1.01% | 173 | +43.82% | 1,815 | +38.53% | 42.82% |
| Data Pattern | ₹3,800.00 | 78.72 | 21,274 | 0.26% | 22 | −13.49% | 116 | +16.81% | 21.92% |
| Sigma Advanced System | ₹890.60 | 101.71 | 16,915 | 0.00% | 35 | −81.87% | 374 | +7,083.88% | 11.74% |
| Apollo Micro Sys | ₹398.75 | 106.88 | 14,818 | 0.06% | 46 | +55.67% | 388 | +72.31% | 14.53% |
| Median: 34 Co. | ₹869.60 | 69.74 | 5,511 | 0.04% | 10 | +23.51% | 120 | +39.50% | 14.20% |
Filings
Annual reports15
Concall transcripts38
TranscriptJul 2026RECJul 2026TranscriptMay 2026RECMay 2026TranscriptJan 2026RECJan 2026TranscriptNov 2025RECNov 2025TranscriptAug 2025RECAug 2025TranscriptMay 2025RECMay 2025TranscriptFeb 2025RECFeb 2025TranscriptOct 2024RECOct 2024TranscriptAug 2024TranscriptAug 2024RECAug 2024TranscriptMay 2024TranscriptFeb 2024RECFeb 2024TranscriptNov 2023TranscriptAug 2023
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 31 OctOutcome Of Board Meeting - Financial Results - Integrated Filing (Financials) For The Quarter And Half Year Ended 30Th September, 2026. 30 OctAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 27 Oct - BEL will hold Q2FY27 results conference call with investors on 3 November 2026 at 4:00 p.m.Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Oct - BEL received additional orders worth Rs. 1,011 crore since 13 October 2026.Board Meeting Intimation for Considering And Approving Unaudited Financial Results For The Quarter Ended 30.09.2026 16 Oct - Board meeting on 30 October 2026 to approve Q2 FY2026-27 standalone and consolidated results.