Bharat Electronics Ltd (BEL)
₹410.55
Mkt cap
₹2.95L Cr
P/E ratio
48.10
P/B
12.52
Div yield
0.62%
ROE
27.40%
ROCE
36.40%
EPS (TTM)
₹8.54
Book value
₹33
52W range
371–468
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
−12.36% from high₹411
₹371+10.72% from low₹468
Current
₹410.55
Prev close
₹404.00
Day
+1.62%
Price performance
1D
+1.62%
1W
−0.16%
1M
+1.53%
3M
+0.54%
6M
−10.75%
1Y
+9.01%
YTD
+1.84%
Financials
Revenue, profit & margin
P/E ratio
48.1×
BEL is 43% below the sector median of 83.7×
BEL48.1×
Sector median83.7×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,533 | 4,009 | 4,162 | 8,564 | 4,244 | 4,605 | 5,771 | 9,150 | 4,440 | 5,792 | 7,154 | 10,224 | 5,547 | |
| Expenses | 2,860 | 2,995 | 3,090 | 6,277 | 3,295 | 3,205 | 4,101 | 6,334 | 3,201 | 4,090 | 5,027 | 7,243 | 4,159 | |
| Operating Profit | 673 | 1,014 | 1,072 | 2,287 | 948 | 1,400 | 1,669 | 2,816 | 1,238 | 1,702 | 2,127 | 2,982 | 1,388 | |
| OPM % | 19% | 25% | 26% | 27% | 22% | 30% | 29% | 31% | 28% | 29% | 30% | 29% | 25% | |
| Other Income | 140 | 137 | 167 | 225 | 204 | 158 | 186 | 195 | 163 | 154 | 139 | 110 | 170 | |
| Interest | 1 | 2 | 1 | 4 | 1 | 1 | 1 | 6 | 1 | 2 | 2 | 2 | 1 | |
| Depreciation | 109 | 108 | 107 | 119 | 108 | 111 | 111 | 138 | 121 | 126 | 135 | 173 | 161 | |
| Profit before tax | 703 | 1,041 | 1,132 | 2,390 | 1,043 | 1,445 | 1,744 | 2,867 | 1,279 | 1,728 | 2,128 | 2,917 | 1,396 | |
| Tax % | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 26% | 25% | 26% | 26% | 24% | 25% | |
| Net Profit | 539 | 790 | 860 | 1,797 | 791 | 1,093 | 1,312 | 2,127 | 969 | 1,287 | 1,580 | 2,226 | 1,055 | |
| EPS in Rs | 0.74 | 1.08 | 1.18 | 2.46 | 1.08 | 1.49 | 1.79 | 2.91 | 1.33 | 1.76 | 2.16 | 3.04 | 1.44 | |
| 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
| Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 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 | 27 Jul '26◦ |
| Earnings day | −0.19% | +0.63% | +5.93% | −1.01% | +0.37% | +4.99% | +0.01% | −0.26% | +3.95% | +8.91% | −0.86% | −4.46% |
| +1 day | +0.79% | −0.95% | +9.58% | −1.65% | −0.48% | +1.09% | +5.29% | −0.71% | +3.03% | +6.86% | −3.12% | −4.81% |
| +5 days | +4.12% | −4.30% | +11.71% | −10.61% | +4.72% | +0.36% | +5.95% | −0.67% | +1.70% | +5.59% | −1.52% | −3.84% |
| +15 days | +8.06% | −0.50% | +10.59% | −4.96% | +2.82% | −6.64% | +9.25% | −4.47% | −1.49% | +7.63% | −4.28% | +1.19% |
| +30 days | +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 | 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 Jun 202651.14%Promoter
Promoters51.14%
FIIs18.02%1.49
DIIs21.02%1.02
Public9.82%0.45
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 |
|---|---|---|---|---|---|---|---|---|---|
| HAL | ₹4,855.20 | 34.88 | 3,25,105 | 0.93% | 1,590 | +14.88% | 5,515 | +14.45% | 31.97% |
| BEL | ₹404.00 | 48.06 | 2,95,424 | 0.62% | 1,055 | +8.70% | 5,547 | +24.94% | 36.44% |
| BDL | ₹1,241.70 | 87.19 | 45,408 | 0.39% | 119 | +547.36% | 572 | +130.81% | 13.84% |
| GRSE | ₹2,506.60 | 35.88 | 28,722 | 0.51% | 173 | +43.82% | 1,815 | +38.53% | 42.96% |
| DATAPATTNS | ₹4,590.80 | 95.20 | 25,727 | 0.22% | 22 | −13.49% | 116 | +16.81% | 21.92% |
| ASTRAMICRO | ₹1,711.60 | 86.02 | 16,262 | 0.14% | 12 | −24.09% | 177 | −11.55% | 20.28% |
| ZENTEC | ₹1,794.60 | 89.21 | 16,209 | 0.06% | 32 | −23.20% | 142 | −10.48% | 16.18% |
| Median: 33 Co. | ₹865.35 | 83.73 | 4,318 | 0.06% | 12 | +14.88% | 112 | +34.48% | 14.47% |
Filings
Annual reports15
Annual Report 2026bseAnnual Report 2025bseAnnual Report 2024bseAnnual Report 2023webAnnual Report 2022bseAnnual Report 2021bseAnnual Report 2020bseAnnual Report 2019bseAnnual Report 2018bseAnnual Report 2017bseAnnual Report 2016bseAnnual Report 2015bseAnnual Report 2014bseAnnual Report 2013bseAnnual Report 2012bse
Concall transcripts39
TranscriptJul 2026RECJul 2026TranscriptMay 2026RECMay 2026TranscriptJan 2026RECJan 2026TranscriptNov 2025RECNov 2025TranscriptAug 2025RECAug 2025TranscriptMay 2025RECMay 2025TranscriptFeb 2025RECFeb 2025TranscriptOct 2024RECOct 2024RECOct 2024TranscriptAug 2024TranscriptAug 2024RECAug 2024TranscriptMay 2024TranscriptFeb 2024RECFeb 2024TranscriptNov 2023
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep - Newspaper Publication - Notice of Loss of Share Certificates.Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 28 AugShareholder Meeting / Postal Ballot-Outcome of AGM 28 Aug - BEL held 72nd AGM on 28 Aug 2026; approved FY26 accounts, dividends, capital increase, and two director appointments.Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Aug - BEL secured additional orders worth Rs.730 crore since 10 August 2026.Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - Newspaper Publication- Addendum to the Notice of 72nd AGM.