BEL vs LT: Stock Comparison

Bharat Electronics Ltd vs Larsen & Toubro LtdUpdated 12 August 2026, 4:08 PM ISTNSE & company filings

Larsen & Toubro Ltd is the larger company by market capitalisation. Bharat Electronics Ltd shows a higher ROE, lower leverage and a higher ROCE, while Larsen & Toubro Ltd shows a lower P/E and a higher dividend yield. 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 8; LT leads 4 of 13

Not a rating
These companies operate in different sectors (Capital Goods vs Construction). Valuation and leverage norms differ across sectors, so cross-sector ratio comparisons can mislead — compare each against its own sector peers too.

Interactive comparison

Compare the numbers that shape the decision

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

BELLT

Valuation lens

What price are you paying?

Market CapContext only
BEL
₹2.96 L Cr
LT
₹5.51 L Cr
P/E RatioLT has the lower reading
BEL
48.04x
LT
33.1x
P/B RatioLT has the lower reading
BEL
12.31x
LT
5.02x
EPSLT has the higher reading
BEL
₹8.41
LT
₹120.36
Book ValueContext only
BEL
₹32.82
LT
₹794.47
Dividend YieldLT has the higher reading
BEL
0.62%
LT
0.93%

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

Key Differences

Market Cap
LT is the larger company
₹5.51 L Cr vs ₹2.96 L Cr
P/E Ratio
LT has a lower P/E
33.1x vs 48.04x
P/B Ratio
LT has a lower P/B
5.02x vs 12.31x
EPS
LT has higher earnings per share
₹120.36 vs ₹8.41
Dividend Yield
LT has a higher dividend yield
0.93% vs 0.62%
EPS Growth (TTM YoY)
BEL has faster EPS growth
4.5% vs -34.5%
Qtr Sales Growth
BEL has stronger quarterly sales growth
11.8% vs 11.2%
Qtr Profit Growth
BEL has stronger quarterly profit growth
4.62% vs 2.11%

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

Profile

MetricBELLT
SectorCapital GoodsConstruction
IndustryAerospace & DefenseCivil Construction

Price

MetricBELLT
Live Price₹405.7₹4,020
Day Change-0.04%-0.43%
Volume1.31 Cr22.27 L
52-Week High₹473.45₹4,440
52-Week Low₹361.2₹3,288.1
Distance from 52W High-14.31%-9.46%

Valuation

MetricBELLT
Market Cap₹2.96 L Cr₹5.51 L Cr
P/E Ratio48.04x33.1x
P/B Ratio12.31x5.02x
EPS₹8.41₹120.36
Book Value₹32.82₹794.47
Dividend Yield0.62%0.93%

Growth

MetricBELLT
Revenue Growth (TTM YoY)11.7%11.7%
EPS Growth (TTM YoY)4.5%-34.5%
Qtr Sales Growth11.8%11.2%
Qtr Profit Growth4.62%2.11%

Profitability & Leverage

MetricBELLT
ROE27.6%15.9%
ROCE36.5%14.6%
Net Margin22.29%6.04%
Operating Margin29.2%12.4%
Debt to Equity0x1.15x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricBELLT
Promoter Holding51.14%
FII Holding18.02% 1.48 pp19.13% 0.35 pp
DII Holding21.02% 1.03 pp43.02% 0.31 pp
Public Holding9.82% 0.45 pp37.6% 0.04 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 Ltd and Larsen & Toubro Ltd.

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.