What is Bharat Electronics Ltd's PE ratio?

Bharat Electronics Ltd trades at a P/E ratio of 48.80.

What is Bharat Electronics Ltd's market cap?

Bharat Electronics Ltd's market capitalisation is ₹2.96L Cr.

When are Bharat Electronics Ltd's next results?

Bharat Electronics Ltd's next earnings date is 27 Jul '26.

What is Bharat Electronics Ltd's ROE?

Bharat Electronics Ltd's return on equity (ROE) is 27.6%.

What sector is Bharat Electronics Ltd in?

Bharat Electronics Ltd (BEL) is classified in the Industrials sector (Aerospace & Defense).

Industrials · Aerospace & Defense

Bharat Electronics Ltd (BEL)

₹405.00

Mkt cap

₹2.96L Cr

P/E ratio

48.80

P/B

12.35

Div yield

0.59%

ROE

27.60%

ROCE

36.50%

EPS (TTM)

₹8.30

Book value

₹33

52W range

364–468

Sector

Industrials

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 500049www.bel-india.in

Health check

Constructive

ValuationCheap

ProfitabilityStrong

GrowthModerate

TechnicalsBearish

52-week range

−13.54% from high

₹405

₹364+11.31% from low₹468

Current

₹405.00

Prev close

₹405.30

Day

−0.07%

Price performance

−0.07%

−0.77%

−0.54%

−8.88%

−1.06%

+0.20%

YTD

+0.46%

Financials

F

Revenue, profit & margin

P/E ratio

48.8×

BEL is 27% below the sector median of 66.6×

BEL48.8×

Sector median66.6×

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	6,479	3,533	4,009	4,162	8,564	4,244	4,605	5,771	9,150	4,440	5,792	7,154	10,224
Expenses	4,647	2,860	2,995	3,090	6,277	3,295	3,205	4,101	6,334	3,201	4,090	5,027	7,243
Operating Profit	1,832	673	1,014	1,072	2,287	948	1,400	1,669	2,816	1,238	1,702	2,127	2,982
OPM %	28%	19%	25%	26%	27%	22%	30%	29%	31%	28%	29%	30%	29%
Other Income	66	140	137	167	225	204	158	186	195	163	154	139	110
Interest	2	1	2	1	4	1	1	1	6	1	2	2	2
Depreciation	114	109	108	107	119	108	111	111	138	121	126	135	173
Profit before tax	1,782	703	1,041	1,132	2,390	1,043	1,445	1,744	2,867	1,279	1,728	2,128	2,917
Tax %	23%	25%	25%	25%	25%	25%	25%	25%	26%	25%	26%	26%	24%
Net Profit	1,382	539	790	860	1,797	791	1,093	1,312	2,127	969	1,287	1,580	2,226
EPS in Rs	1.89	0.74	1.08	1.18	2.46	1.08	1.49	1.79	2.91	1.33	1.76	2.16	3.04
Raw PDF

Earnings

EResults dates & reactions

Next results

27 Jul '26scheduled

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move +0.08% · closed higher next day 30 of last 64

	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25	Q4FY25	Q1FY26	Q2FY26	Q3FY26	Q4FY26
Broadcast	27 Jul '23◦	28 Oct '23◦	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
Earnings day	+2.28%	−0.19%	+0.63%	+5.93%	−1.01%	+0.37%	+4.99%	+0.01%	−0.26%	+3.95%	+8.91%	−0.86%
+1 day	+2.71%	+0.79%	−0.95%	+9.58%	−1.65%	−0.48%	+1.09%	+5.29%	−0.71%	+3.03%	+6.86%	−3.12%
+5 days	+0.28%	+4.12%	−4.30%	+11.71%	−10.61%	+4.72%	+0.36%	+5.95%	−0.67%	+1.70%	+5.59%	−1.52%
+15 days	+1.57%	+8.06%	−0.50%	+10.59%	−4.96%	+2.82%	−6.64%	+9.25%	−4.47%	−1.49%	+7.63%	−4.28%
+30 days	+13.71%	+23.18%	+7.67%	+21.52%	−10.36%	+15.75%	+0.42%	+18.83%	−1.05%	−4.67%	+9.04%	−2.71%
Filing	XBRL	XBRL	XBRL	XBRL	XBRL	XBRL	XBRL	PDF	XBRL	XBRL	XBRL	XBRL

Corporate actions

CLast 6 months

Kind	Value	Ex-date	Record
dividend Interim Dividend - Rs 1.95 Per Share	1.95	6 Mar '26	6 Mar '26

Shareholding

Sas of Jun 2026

51.14%Promoter

Promoters51.14%

FIIs18.02%1.49

DIIs21.02%1.02

Public9.82%0.45

Ownership trend

Peers

P7 companies

Valuation 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	₹4,573.40	33.56	3,05,888	0.98%	4,196	+5.52%	13,942	+1.77%	31.96%
Bharat Electron	₹405.00	48.84	2,96,083	0.59%	2,226	+4.62%	10,224	+11.75%	36.53%
Bharat Dynamics	₹1,243.00	108.39	45,560	0.37%	113	−58.51%	480	−72.98%	13.84%
Garden Reach Sh.	₹2,565.80	39.30	29,393	0.54%	303	+24.14%	2,119	+29.06%	42.96%
Data Pattern	₹4,584.50	103.81	25,657	0.22%	138	+21.30%	345	−12.96%	21.92%
Astra Microwave	₹1,813.40	89.44	17,259	0.12%	106	+44.21%	488	+19.71%	20.25%
Zen Technologies	₹1,768.70	82.78	15,964	0.06%	47	−68.80%	178	−45.20%	16.18%
Median: 33 Co.	₹764.30	66.59	4,345	0.02%	20	+21.30%	175	+29.06%	15.30%

Filings

D

Annual reports15

Financial Year 2025bse Financial Year 2024bse Financial Year 2023web Financial Year 2022bse Financial Year 2021bse Financial Year 2020bse Financial Year 2019bse Financial Year 2018bse Financial Year 2017bse Financial Year 2016bse Financial Year 2015bse Financial Year 2014bse Financial Year 2013bse Financial Year 2012bse Financial Year 2011nse

Credit ratings6

Rating update 20 Febicra Rating update 21 Feb 2025icra Rating update 22 Feb 2024icra Rating update 9 Mar 2023icra Rating update 14 Jan 2022icra Rating update 17 Feb 2021icra

Announcements5

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - Conference Call with Investors for Discussion on Financial Results for the quarter ended 30th June, 2026.Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 13 Jul - BEL received additional orders worth Rs.572 crore on 13 July 2026.Board Meeting Intimation for Intimation Of Date Of Board Meeting To Consider And Approve, Inter Alia, Unaudited Standalone & Consolidated Financial Results For The Quarter Ended 30Th June, 2026. 13 Jul - Board to meet on 27 July 2026 to approve Q1 FY2027 standalone and consolidated results.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Jul Announcement under Regulation 30 (LODR)-Change in Management 1 Jul - Prabha Goyal, Executive Director (National Marketing), Delhi, superannuates on 30.06.2026.