BEL vs RELIANCE: Stock Comparison

Bharat Electronics Ltd vs Reliance Industries LtdUpdated 26 Aug 26, 4:08 PM ISTNSE & company filings

Reliance Industries Ltd is the larger company by market capitalisation. Bharat Electronics Ltd shows a higher ROE, a higher dividend yield and lower leverage, while Reliance Industries Ltd shows a lower P/E and faster revenue growth. 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; RELIANCE leads 5 of 13

Not a rating
These companies operate in different sectors (Capital Goods vs Oil Gas & Consumable Fuels). 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.

BELRELIANCE

Valuation lens

What price are you paying?

Market CapContext only
₹2.98 L Cr
₹17.62 L Cr
P/E RatioRELIANCE has the lower reading
48.43x
23.52x
P/B RatioRELIANCE has the lower reading
12.41x
1.94x
EPSRELIANCE has the higher reading
₹8.38
₹55.27
Book ValueContext only
₹32.82
₹668.05
Dividend YieldBEL has the higher reading
0.61%
0.46%

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

Key Differences

Market Cap
RELIANCE is the larger company
₹17.62 L Cr vs ₹2.98 L Cr
P/E Ratio
RELIANCE has a lower P/E
23.52x vs 48.43x
P/B Ratio
RELIANCE has a lower P/B
1.94x vs 12.41x
EPS
RELIANCE has higher earnings per share
₹55.27 vs ₹8.38
Dividend Yield
BEL has a higher dividend yield
0.61% vs 0.46%
Revenue Growth (TTM YoY)
RELIANCE has faster revenue growth
12.5% vs 11.7%
EPS Growth (TTM YoY)
BEL has faster EPS growth
4.5% vs -12.6%
Qtr Sales Growth
RELIANCE has stronger quarterly sales growth
12.5% vs 11.8%

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

Profile

MetricBELRELIANCE
SectorCapital GoodsOil Gas & Consumable Fuels
IndustryAerospace & DefenseRefineries & Marketing

Price

MetricBELRELIANCE
Live Price₹406.9₹1,298
Day Change-1.54%-1.44%
Volume76.31 L57.44 L
52-Week High₹473.45₹1,611.8
52-Week Low₹361.2₹1,249.8
Distance from 52W High-14.06%-19.47%

Valuation

MetricBELRELIANCE
Market Cap₹2.98 L Cr₹17.62 L Cr
P/E Ratio48.43x23.52x
P/B Ratio12.41x1.94x
EPS₹8.38₹55.27
Book Value₹32.82₹668.05
Dividend Yield0.61%0.46%

Growth

MetricBELRELIANCE
Revenue Growth (TTM YoY)11.7%12.5%
EPS Growth (TTM YoY)4.5%-12.6%
Qtr Sales Growth11.8%12.5%
Qtr Profit Growth4.62%-12.6%

Profitability & Leverage

MetricBELRELIANCE
ROE27.6%8.91%
ROCE36.5%10.3%
Net Margin22.29%7.64%
Operating Margin29.2%17%
Debt to Equity0x0.45x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricBELRELIANCE
Promoter Holding51.14%50.48% 0.48 pp
FII Holding18.02% 1.48 pp17.2% 1.47 pp
DII Holding21.02% 1.03 pp21.19% 0.64 pp
Public Holding9.82% 0.45 pp11.04% 0.35 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 Reliance Industries 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.