BEL vs HAL: Stock Comparison

BHARAT ELECTRONICS vs HINDUSTAN AERONAUTICSUpdated 11 Sept 26, 4:08 PM ISTNSE & company filings

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 9 of 13

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

BELHAL

Valuation lens

What price are you paying?

Market CapContext only
₹2.96 L Cr
₹3.28 L Cr
P/E RatioHAL has the lower reading
48.22x
35.15x
P/B RatioHAL has the lower reading
12.36x
7.98x
EPSHAL has the higher reading
₹1.43
₹23.63
Book ValueContext only
₹32.84
₹613.73
Dividend YieldHAL has the higher reading
0.62%
0.92%

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
HAL is the larger company
₹3.28 L Cr vs ₹2.96 L Cr
P/E Ratio
HAL has a lower P/E
35.15x vs 48.22x
P/B Ratio
HAL has a lower P/B
7.98x vs 12.36x
EPS
HAL has higher earnings per share
₹23.63 vs ₹1.43
Dividend Yield
HAL has a higher dividend yield
0.92% vs 0.62%
Revenue Growth (TTM YoY)
BEL has faster revenue growth
11.7% vs 1.8%
EPS Growth (TTM YoY)
HAL has faster EPS growth
5.5% vs 4.5%
Qtr Sales Growth
HAL has stronger quarterly sales growth
0% vs -0.25%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricBELHAL
SectorCapital GoodsCapital Goods
IndustryAerospace & DefenseAerospace & Defense

Price

MetricBELHAL
Live Price₹404.35₹4,905
Day Change-0.16%-0.91%
Volume78.06 L7.63 L
52-Week High₹473.45₹5,149.9
52-Week Low₹380.45₹3,479.1
Distance from 52W High-14.59%-4.76%

Valuation

MetricBELHAL
Market Cap₹2.96 L Cr₹3.28 L Cr
P/E Ratio48.22x35.15x
P/B Ratio12.36x7.98x
EPS₹1.43₹23.63
Book Value₹32.84₹613.73
Dividend Yield0.62%0.92%

Growth

MetricBELHAL
Revenue Growth (TTM YoY)11.7%1.8%
EPS Growth (TTM YoY)4.5%5.5%
Qtr Sales Growth-0.25%0%
Qtr Profit Growth-0.59%-0.57%

Profitability & Leverage

MetricBELHAL
ROE25.52%22.21%
ROCE28.04%24.48%
Net Margin22.29%27.55%
Operating Margin29.41%36.62%
Debt to Equity0x0x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricBELHAL
Promoter Holding51.14%71.64%
FII Holding18.02% 1.48 pp9.34% 0.86 pp
DII Holding21.02% 1.03 pp11.98% 1.48 pp
Public Holding9.82% 0.45 pp7.04% 0.61 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.

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.