BEL vs HAL: Stock Comparison
HINDUSTAN AERONAUTICS is the larger company by market capitalisation. BHARAT ELECTRONICS shows a higher ROE, faster revenue growth and a higher ROCE, while HINDUSTAN AERONAUTICS shows a lower P/E, a higher dividend yield and a higher net margin. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
BEL leads 3; HAL leads 7 of 13
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Valuation lens
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | BEL | HAL |
|---|---|---|
| Sector | Capital Goods | Capital Goods |
| Industry | Aerospace & Defense | Aerospace & Defense |
Price
| Metric | BEL | HAL |
|---|---|---|
| Live Price | ₹370 | ₹4,869.9 |
| Day Change | 1.83% | 0.41% |
| Volume | 1.07 Cr | 5.1 L |
| 52-Week High | ₹473.45 | ₹5,149.9 |
| 52-Week Low | ₹354.55 | ₹3,479.1 |
| Distance from 52W High | -21.85% | -5.44% |
Valuation
| Metric | BEL | HAL |
|---|---|---|
| Market Cap | ₹2.72 L Cr | ₹3.25 L Cr |
| P/E Ratio | 44.23x | 34.91x |
| P/B Ratio | 11.33x | 7.93x |
| EPS | ₹8.29 | ₹139.24 |
| Book Value | ₹32.82 | ₹613.68 |
| Dividend Yield | 0.68% | 0.93% |
Growth
| Metric | BEL | HAL |
|---|---|---|
| Revenue Growth (TTM YoY) | 11.7% | 1.8% |
| EPS Growth (TTM YoY) | 4.5% | 5.5% |
| Qtr Sales Growth | 0% | 0% |
| Qtr Profit Growth | 0% | 0% |
Profitability & Leverage
| Metric | BEL | HAL |
|---|---|---|
| ROE | 25.25% | 22.21% |
| ROCE | 27.66% | 24.53% |
| Net Margin | 22.29% | 27.55% |
| Operating Margin | 29.19% | 36.62% |
| Debt to Equity | 0x | 0x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | BEL | HAL |
|---|---|---|
| Promoter Holding | 51.14% | 71.64% |
| FII Holding | 16.98%▼ 1.04 pp | 9.42%▲ 0.08 pp |
| DII Holding | 21.88%▲ 0.86 pp | 12.56%▲ 0.58 pp |
| Public Holding | 10%▲ 0.18 pp | 6.38%▼ 0.66 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: BHARAT ELECTRONICS and HINDUSTAN AERONAUTICS.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

