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BEL vs NTPC: Stock Comparison

BHARAT ELECTRONICS vs NTPCUpdated 23 Oct 26, 4:08 PM ISTNSE & company filings

NTPC is the larger company by market capitalisation. BHARAT ELECTRONICS shows a higher ROE, faster revenue growth and lower leverage, while NTPC 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 7; NTPC leads 4 of 13

Not a rating
These companies operate in different sectors (Capital Goods vs Power). 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.

BELNTPC

Valuation lens

What price are you paying?

Market CapContext only
₹2.63 L Cr
₹2.89 L Cr
P/E RatioNTPC has the lower reading
42.82x
10.41x ✓
P/B RatioNTPC has the lower reading
10.97x
1.42x ✓
EPSNTPC has the higher reading
₹1.44
₹6.93 ✓
Book ValueContext only
₹32.84
₹217.76
Dividend YieldNTPC has the higher reading
0.69%
3.02% ✓

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

Key Differences

Market Cap
NTPC is the larger company
₹2.89 L Cr vs ₹2.63 L Cr
P/E Ratio
NTPC has a lower P/E
10.41x vs 42.82x
P/B Ratio
NTPC has a lower P/B
1.42x vs 10.97x
EPS
NTPC has higher earnings per share
₹6.93 vs ₹1.44
Dividend Yield
NTPC has a higher dividend yield
3.02% vs 0.69%
Revenue Growth (TTM YoY)
BEL has faster revenue growth
11.7% vs 8%
EPS Growth (TTM YoY)
BEL has faster EPS growth
4.5% vs -1.6%
ROE
BEL has a higher ROE
25.25% vs 13.25%

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

Profile

MetricBELNTPC
SectorCapital GoodsPower
IndustryAerospace & DefensePower Generation

Price

MetricBELNTPC
Live Price₹362₹298
Day Change-0.69%-1.52%
Volume91.79 L87.52 L
52-Week High₹473.45₹414.4
52-Week Low₹360.5₹297.55
Distance from 52W High-23.54%-28.09%

Valuation

MetricBELNTPC
Market Cap₹2.63 L Cr₹2.89 L Cr
P/E Ratio42.82x10.41x
P/B Ratio10.97x1.42x
EPS₹1.44₹6.93
Book Value₹32.84₹217.76
Dividend Yield0.69%3.02%

Growth

MetricBELNTPC
Revenue Growth (TTM YoY)11.7%8%
EPS Growth (TTM YoY)4.5%-1.6%
Qtr Sales Growth0%0%
Qtr Profit Growth0%0%

Profitability & Leverage

MetricBELNTPC
ROE25.25%13.25%
ROCE27.66%9.06%
Net Margin22.29%15.38%
Operating Margin29.19%19.94%
Debt to Equity0x1.09x

Shareholding

As of Sep 2026 • change vs previous quarter
MetricBELNTPC
Promoter Holding51.14%51.1%
FII Holding16.98%▼ 1.04 pp15.79%▼ 0.51 pp
DII Holding21.88%▲ 0.86 pp29.87%▲ 0.43 pp
Public Holding10%▲ 0.18 pp3.24%▲ 0.09 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 NTPC.

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.