BEL

Bharat Electronics Ltd.

NSE: BEL

BSE: 500049

Sector: Capital Goods

Industry Group: Aerospace & Defense

Industry: Aerospace & Defense

423.20+8.1 (+1.96%)

3 Jul, 9:59 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

93.4 / 100

Value Score

13.5 / 100

Price Momentum Score

72.4 / 100

QVM Score

67.1 / 100

Key Metrics

Market Cap

3,03,392 Cr

P/E (TTM)

50.05

P/B

12.65

P/S (TTM)

10.99

EV/EBITDA

36.61

CAPE (5Y)

73.11

ROE (TTM)

27.58

ROCE (TTM)

33.96

ROA (TTM)

14.20

Avg 3Y ROE

27.76

Earnings 3Y CAGR

26.63

Sales 3Y CAGR

15.90

Sales 5Y CAGR

14.37

Debt/Equity

0.00

Consensus TP

496.50

Strong Buy %

25.93

Promoter Holding

51.14

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Bharat Electronics Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 72.4 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

72.4 / 100

High and stable operating margin

The company reported strong operating margin of 27.14% for 12-month ended 31 Mar 2026 and operating margin improved marginally by 36 bps from 1 year ago

What is Operating profit margin?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.0 as on 31 Mar 2026 and Debt to Equity remained same in the last 1 year

What is Debt to Equity?

Consistently pays dividend

The company has not missed dividend payments once in the last 10 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -1.16% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Moderate revenue growth but lower than median growth of industry

The company delivered moderate revenue growth of 16.16% for 12-month ended 31 Mar 2026 but the growth was 4.73 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 20.89

Value 16.16

-31.486.82

Moderate EPS growth but lower than median growth of industry

The company delivered moderate EPS growth of 13.88% for 12-month ended 31 Mar 2026 but the growth was 6.61 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.69%

What is Dividend yield?

Neutral

Stock appears expensive but is at a discount to industry median P/E

PE TTM of 50.05 indicates that the stock is expensive on a standalone basis but discount to industry median P/E is decent at -33.3%

What is P/E Ratio?

Median: 75.04

Value 50.05

21.8139362.4

High ROE but declining trend

The company reported strong ROE of 27.58% for 12-month ended 31 Mar 2026 but ROE declined by -174 bps from 1 year ago

What is ROE (FY)?

Company's earnings are of moderate quality

Earnings quality score of 45.5 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

45.5 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Bharat Electronics Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Bharat Electronics Ltd. Shareholding Pattern

Quarterly breakdown of Bharat Electronics Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	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	Sep 2025	Dec 2025	Mar 2026
Total Promoter	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14
Indian Promoter	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	40.92	40.08	41.19	41.55	41.79	43.02	44.06	43.98	43.48	43.76	42.99	42.39	41.92	42.18	41.37	41.14	40.20	38.04	37.48	38.28	38.43	39.16	39.03	38.99	39.49
Mutual Funds / UTI	25.11	25.65	25.57	26.26	25.63	24.55	24.43	22.64	21.74	22.42	21.19	20.56	20.07	19.33	18.85	18.33	18.06	16.08	15.81	16.17	15.02	14.60	15.12	14.82	14.28
FI/Bank/Insurance	5.10	6.56	5.62	4.62	4.16	3.97	3.57	3.84	4.31	4.45	3.60	3.59	4.22	4.29	4.05	3.64	2.88	2.71	2.85	3.29	4.26	4.22	3.84	3.50	3.51
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	10.71	7.86	9.60	10.25	11.58	14.10	15.73	17.21	16.77	15.99	17.36	17.34	16.42	17.35	17.19	17.77	17.56	17.43	17.27	17.34	17.55	18.56	18.14	18.51	19.51
Other Institutions	0.00	0.01	0.42	0.41	0.42	0.39	0.33	0.29	0.66	0.89	0.84	0.89	1.21	1.22	1.29	1.40	1.69	1.83	1.56	1.48	1.59	1.78	1.92	2.15	2.21
Non-Institution	7.95	8.78	7.67	7.32	7.07	5.85	4.81	4.89	5.38	5.11	5.88	6.47	6.94	6.68	7.50	7.72	8.66	10.82	11.38	10.59	10.43	9.70	9.84	9.87	9.37
Bodies Corporate	1.22	1.26	0.91	0.88	0.74	0.31	0.30	0.20	0.34	0.32	0.49	0.43	0.45	0.50	0.47	0.55	0.58	0.61	0.61	0.61	0.59	0.59	0.54	0.49	0.46
Others (incl. Retail) No. of shareholders	6.73 2,84,920	7.52 3,42,698	6.76 3,65,616	6.44 3,45,594	6.33 3,72,349	5.54 3,47,672	4.51 3,24,350	4.69 3,65,803	5.04 4,29,071	4.79 4,34,912	5.39 5,77,317	6.04 7,04,211	6.49 7,77,249	6.18 7,64,239	7.03 9,70,854	7.17 10,94,117	8.08 13,60,358	10.21 25,13,062	10.77 27,66,274	9.98 26,47,937	9.84 26,72,652	9.11 25,36,422	9.30 24,93,783	9.38 25,38,770	8.91 25,25,926

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	Nifty CPSE	19.57%	2 / 11
2	SHI:Semiconductor	15.12%	2 / 8
3	SHI: Aerospace & Defense	14.93%	2 / 17
4	Nifty 200 Quality 30	5.35%	2 / 30
5	Nifty100 Quality 30	5.3%	2 / 30
6	Nifty 500 Momentum Quality 50	4.97%	5 / 50
7	Nifty Alpha 50	1.97%	24 / 50
8	Nifty 50 Equal Weight	1.84%	40 / 50
9	Nifty 50	1.36%	22 / 50
10	Nifty 100	1.11%	22 / 100

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Bharat Electronics Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MUTB400045794	24 Jun 2026	buy	₹ 420.00	8.38 lac	₹ 35.18 cr
THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828	24 Jun 2026	sell	₹ 420.00	8.38 lac	₹ 35.18 cr
MORGAN STANLEY ASIA SINGAPORE PTE	26 Sep 2025	buy	₹ 403.15	3.95 lac	₹ 15.91 cr
GOLDMAN SACHS BANK EUROPE SE - ODI	26 Sep 2025	sell	₹ 403.15	3.95 lac	₹ 15.91 cr
GOLDMAN SACHS BANK EUROPE SE - ODI	15 Sep 2025	buy	₹ 399.30	29.84 lac	₹ 119.16 cr
GOLDMAN SACHS (SINGAPORE) PTE - ODI	15 Sep 2025	sell	₹ 399.30	29.84 lac	₹ 119.16 cr
THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828	14 Jul 2025	sell	₹ 409.30	13.47 lac	₹ 55.13 cr
THE MTBJ LTD. AS TRST FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045849	14 Jul 2025	buy	₹ 409.30	13.47 lac	₹ 55.13 cr
Ishares Core Msci Emerging Markets Etf	25 Oct 2022	buy	₹ 104.90	33.33 lac	₹ 34.96 cr
Ishares Core Emerging Markets Mauritius Co	25 Oct 2022	sell	₹ 104.90	33.33 lac	₹ 34.96 cr

Corporate Actions

History of Bharat Electronics Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 1.95/share
Record date: 6th Mar 2026Ex-date: 6th Mar 2026
Announced on: 27th Feb 2026
Dividend₹ 0.90/share
Record date: 14th Aug 2025Ex-date: 14th Aug 2025
Announced on: 19th May 2025
Dividend₹ 1.50/share
Record date: 11th Mar 2025Ex-date: 11th Mar 2025
Announced on: 5th Mar 2025
Dividend₹ 0.80/share
Record date: 15th Aug 2024Ex-date: 14th Aug 2024
Announced on: 20th May 2024
Dividend₹ 0.70/share
Record date: 23rd Mar 2024Ex-date: 22nd Mar 2024
Announced on: 7th Mar 2024

Company Profile

Overview of Bharat Electronics Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Bharat Electronics Limited is an India-based company, which manufactures and supplies electronic equipment and systems for the defense sector as well as for non-defense markets. It manufactures electronic products and systems for the army, navy, and the air force. Its defense products include radar ...

Key personnel

Mr. Sripada Sreenivas

Compliance Officer, Company Secretary

Mr. Manoj JainD

Executive Chairman of the Board, Managing Director

Shri. Damodar S. BhattadD

Chief Financial Officer, Director - Finance, Whole Time Director

Shri. Kaipa Venkata Suresh KumarD

Director - Marketing, Whole Time Director

Mr. Vikraman NagarajanD

Director - Human Resources, Whole-Time Director

Shri. Kamesh KasanaD

Director - Other Units, Whole Time Director

Shri. Harikumar Raghavan NairD

Director - Research & Development, Whole Time Director

Shri. Rajnish SharmaD

Director - Bangalore Complex, Whole Time Director

View all

Incorporated on

21 Apr 1954

Last Annual

31 Mar 2026

Last Interim

No. of Employees

IPO date

09 Nov 1994

Free Float

3,41,76,21,871

Website

https://bel-india.in/homepage/

Phone no.

+918025039266

Address

Outer Ring Road, Nagavara, BANGALORE, 560045, India

Frequently Asked Questions

What is the current share price of Bharat Electronics Ltd.?

The current share price of Bharat Electronics Ltd. is ₹ 423.20 as of 3 Jul 2026.

What is the market capitalisation of Bharat Electronics Ltd.?

The market capitalisation of Bharat Electronics Ltd. stands at ₹ 3,03,392.00 Cr.

What is the PE ratio of Bharat Electronics Ltd.?

The Price-to-Earnings (PE) ratio of Bharat Electronics Ltd. is 50.05 as of the latest trailing twelve months data.

What is the ROE and ROCE of Bharat Electronics Ltd.?

Bharat Electronics Ltd. has a Return on Equity (ROE) of 27.58% and a Return on Capital Employed (ROCE) of 33.96% as per the latest financial reports.

What is the 52-week high and low of Bharat Electronics Ltd.?

The 52-week high of Bharat Electronics Ltd. is - and the 52-week low is -.

What is the dividend yield of Bharat Electronics Ltd.?

The dividend yield of Bharat Electronics Ltd. is 0.69% based on the current market price.

What is the FII and DII holding in Bharat Electronics Ltd.?

Foreign Institutional Investors (FII) hold 19.51%, Domestic Institutional Investors (DII) hold 17.79% and retail/public investors hold 8.91% of Bharat Electronics Ltd. shares.

What sector does Bharat Electronics Ltd. belong to?

Bharat Electronics Ltd. operates in the Capital Goods sector. 85.19% of analysts have a Buy or Strong Buy rating on Bharat Electronics Ltd. with a consensus target price of ₹ 496.50, implying 19.62% upside from current levels.

What is the beta of Bharat Electronics Ltd.?

The beta of Bharat Electronics Ltd. is 0.90, indicating its price volatility relative to the broader market. Over the past 1 year, Bharat Electronics Ltd. has delivered an absolute return of -0.82%.

What is the RSI of Bharat Electronics Ltd.?

The 14-day Relative Strength Index (RSI) of Bharat Electronics Ltd. is 48.67, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Bharat Electronics Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Bharat Electronics Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Holdings and Presence

Corporate Actions

Stock Analysis

Company Profile