BEL vs ULTRACEMCO: Stock Comparison

Bharat Electronics Ltd vs UltraTech Cement LtdUpdated 18 August 2026, 10:43 AM ISTNSE & company filings

UltraTech Cement Ltd is the larger company by market capitalisation. Bharat Electronics Ltd shows a higher ROE, faster revenue growth and lower leverage, while UltraTech Cement 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 6; ULTRACEMCO leads 7 of 13

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

BELULTRACEMCO

Valuation lens

What price are you paying?

Market CapContext only
BEL
₹3.01 L Cr
ULTRACEMCO
₹3.41 L Cr
P/E RatioULTRACEMCO has the lower reading
BEL
49.04x
ULTRACEMCO
40.18x
P/B RatioULTRACEMCO has the lower reading
BEL
12.57x
ULTRACEMCO
4.48x
EPSULTRACEMCO has the higher reading
BEL
₹8.41
ULTRACEMCO
₹290.48
Book ValueContext only
BEL
₹32.82
ULTRACEMCO
₹2,605.1
Dividend YieldULTRACEMCO has the higher reading
BEL
0.61%
ULTRACEMCO
2.07%

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

Key Differences

Market Cap
ULTRACEMCO is the larger company
₹3.41 L Cr vs ₹3.01 L Cr
P/E Ratio
ULTRACEMCO has a lower P/E
40.18x vs 49.04x
P/B Ratio
ULTRACEMCO has a lower P/B
4.48x vs 12.57x
EPS
ULTRACEMCO has higher earnings per share
₹290.48 vs ₹8.41
Dividend Yield
ULTRACEMCO has a higher dividend yield
2.07% vs 0.61%
Revenue Growth (TTM YoY)
BEL has faster revenue growth
11.7% vs 3%
EPS Growth (TTM YoY)
ULTRACEMCO has faster EPS growth
45.3% vs 4.5%
Qtr Sales Growth
ULTRACEMCO has stronger quarterly sales growth
15.8% vs 11.8%

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

Profile

MetricBELULTRACEMCO
SectorCapital GoodsConstruction Materials
IndustryAerospace & DefenseCement & Cement Products

Price

MetricBELULTRACEMCO
Live Price₹411.8₹11,589
Day Change-0.16%-0.79%
Volume25.04 L36,247
52-Week High₹473.45₹13,110
52-Week Low₹361.2₹10,325
Distance from 52W High-13.02%-11.6%

Valuation

MetricBELULTRACEMCO
Market Cap₹3.01 L Cr₹3.41 L Cr
P/E Ratio49.04x40.18x
P/B Ratio12.57x4.48x
EPS₹8.41₹290.48
Book Value₹32.82₹2,605.1
Dividend Yield0.61%2.07%

Growth

MetricBELULTRACEMCO
Revenue Growth (TTM YoY)11.7%3%
EPS Growth (TTM YoY)4.5%45.3%
Qtr Sales Growth11.8%15.8%
Qtr Profit Growth4.62%15.8%

Profitability & Leverage

MetricBELULTRACEMCO
ROE27.6%11.1%
ROCE36.5%12.7%
Net Margin22.29%10.24%
Operating Margin29.2%19.2%
Debt to Equity0x0.31x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricBELULTRACEMCO
Promoter Holding51.14%58.4%
FII Holding18.02% 1.48 pp12.86% 1.25 pp
DII Holding21.02% 1.03 pp19.69% 1.27 pp
Public Holding9.82% 0.45 pp7.91%

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 UltraTech Cement 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.