
BHARAT ELECTRONICS Latest Share Price (BEL)
TODAY IN ONE LINE
BEL is little changed at ₹404.35 on light volume — a quiet consolidation day.
With a market cap of ₹2.96 L Cr., it trades at a P/E of 48.22. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
BHARAT ELECTRONICS flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●High Capital EfficiencyROCE of 28.0% indicating pricing power
- ●Strong Return on EquityHealthy ROE of 25.5%
- ●Healthy Operating MarginsOPM is structurally strong at 29.4%
- ●High Promoter HoldingPromoters hold 51.1% skin-in-the-game
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Sales ContractionQuarterly sales dropped 0.3% YoY
- ●Expensive ValuationTrading at a high P/E ratio of 50.2x
- ●FII SellingFII holding decreased by 1.48% QoQ
Latest BHARAT ELECTRONICS News
What changed recently?
Recent events, corporate actions, and announcements.
BHARAT ELECTRONICS valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for BHARAT ELECTRONICS, framed against the sector median so the premium or discount is obvious at a glance.
BHARAT ELECTRONICS trades at a P/E of 48.22× and P/B of 12.36×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
BHARAT ELECTRONICS technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for BHARAT ELECTRONICS — derived from the latest tape, not yesterday's close.
BHARAT ELECTRONICS last traded at ₹404.35 with an intraday range of ₹399.25–₹405.4 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹404.35| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 419.05 | +14.70 | +3.64% |
| R3 | 412.90 | +8.55 | +2.11% |
| R2 | 409.15 | +4.80 | +1.19% |
| R1 | 406.75 | +2.40 | +0.59% |
| PIVOT | 403.00 | -1.35 | -0.33% |
| CURRENT | 404.35 | — | — |
| S1 | 400.60 | -3.75 | -0.93% |
| S2 | 396.85 | -7.50 | -1.85% |
| S3 | 394.45 | -9.90 | -2.45% |
| S4 | 388.30 | -16.05 | -3.97% |
BEL is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: ₹399.25–₹403
Trading Inside opening range
BHARAT ELECTRONICS financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for BHARAT ELECTRONICS — consolidated or standalone — with margins, YoY growth and key ratios inline.
BHARAT ELECTRONICS reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2.96 L Cr. and reported EPS of ₹1.43.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 23,769 | 27,610 ▲ 16.2% |
| Sales Growth YoY %Derived | 17.27% | 16.16% |
| Other Income | 742 | 566 ▼ 23.8% |
| Total Income | 24,511 | 28,176 ▲ 15.0% |
| 12,187 | 14,033 ▲ 15.1% | |
| Gross ProfitDerived | 11,582 | 13,577 ▲ 17.2% |
| Gross Margin %Derived | 48.73% | 49.17% |
| 4,748 | 5,528 ▲ 16.4% | |
| EBITDA (Operating Profit)Derived | 6,834 | 8,049 ▲ 17.8% |
| OPM %Derived | 28.75% | 29.15% |
| 477 | 562 ▲ 17.9% | |
| Profit Before Tax (PBT) | 7,099 | 8,053 ▲ 13.4% |
| 1,812 | 2,029 ▲ 12.0% | |
| Effective Tax %Derived | 25.52% | 25.20% |
| Total Profit for Period | 5,323 | 6,062 ▲ 13.9% |
| Less: Non-controlling Interests | 1 | 0 ▼ 79.0% |
| Net Profit (Owner's PAT)Derived | 5,321 | 6,062 ▲ 13.9% |
| Net Profit Margin %Derived | 22.39% | 21.96% |
| PAT Growth YoY %Derived | 33.55% | 13.92% |
| Earnings Per Share (EPS ₹) | 7.28 | 8.29 ▲ 13.9% |
| Diluted Shares Outstanding (Cr) | 731 | 731 ▲ 0.0% |
| Share of Profit from Associates/JVs | 36 | 39 ▲ 9.2% |
| Other Comprehensive Income (Net of Tax) | 7 | 36 ▲ 394.6% |
| Total Expenses (incl. D&A & Interest) | 17,412 | 20,123 ▲ 15.6% |
| Material Cost % of RevenueDerived | 52.92% | 50.28% |
| Employee Cost % of RevenueDerived | 11.61% | 11.28% |
| Other Cost % of RevenueDerived | 8.36% | 8.74% |
| Interest Coverage (x)Derived | 657.68x | 1,113.47x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 10,485 | 12,164 ▲ 16.0% | 12,968 ▲ 6.6% | 14,109 ▲ 8.8% | 15,368 ▲ 8.9% | 17,734 ▲ 15.4% | 20,268 ▲ 14.3% | 23,769 ▲ 17.3% | 27,610 ▲ 16.2% | |
| Sales Growth YoY %Derived | — | 16.01% | 6.61% | 8.80% | 8.93% | 15.40% | 14.29% | 17.27% | 16.16% | |
| Other Income | 196 | 73 ▼ 62.7% | 99 ▲ 36.2% | 125 ▲ 25.7% | 232 ▲ 85.3% | 281 ▲ 21.3% | 670 ▲ 138.7% | 742 ▲ 10.8% | 566 ▼ 23.8% | |
| Total Income | 10,681 | 12,237 ▲ 14.6% | 13,067 ▲ 6.8% | 14,234 ▲ 8.9% | 15,600 ▲ 9.6% | 18,015 ▲ 15.5% | 20,938 ▲ 16.2% | 24,511 ▲ 17.1% | 28,176 ▲ 15.0% | |
5,519 | 5,944 ▲ 7.7% | 7,097 ▲ 19.4% | 7,826 ▲ 10.3% | 8,897 ▲ 13.7% | 9,828 ▲ 10.5% | 10,576 ▲ 7.6% | 12,187 ▲ 15.2% | 14,033 ▲ 15.1% | ||
| Gross ProfitDerived | 4,966 | 6,220 ▲ 25.2% | 5,870 ▼ 5.6% | 6,283 ▲ 7.0% | 6,471 ▲ 3.0% | 7,907 ▲ 22.2% | 9,692 ▲ 22.6% | 11,582 ▲ 19.5% | 13,577 ▲ 17.2% | |
| Gross Margin %Derived | 47.36% | 51.13% | 45.27% | 44.53% | 42.11% | 44.58% | 47.82% | 48.73% | 49.17% | |
2,931 | 3,314 ▲ 13.1% | 3,116 ▼ 6.0% | 3,072 ▼ 1.4% | 3,130 ▲ 1.9% | 3,821 ▲ 22.1% | 4,646 ▲ 21.6% | 4,748 ▲ 2.2% | 5,528 ▲ 16.4% | ||
| EBITDA (Operating Profit)Derived | 2,035 | 2,906 ▲ 42.8% | 2,754 ▼ 5.2% | 3,211 ▲ 16.6% | 3,341 ▲ 4.1% | 4,086 ▲ 22.3% | 5,046 ▲ 23.5% | 6,834 ▲ 35.4% | 8,049 ▲ 17.8% | |
| OPM %Derived | 19.41% | 23.89% | 21.24% | 22.76% | 21.74% | 23.04% | 24.90% | 28.75% | 29.15% | |
274 | 351 ▲ 28.1% | 375 ▲ 7.0% | 394 ▲ 4.9% | 406 ▲ 3.2% | 444 ▲ 9.3% | 450 ▲ 1.5% | 477 ▲ 5.9% | 562 ▲ 17.9% | ||
| Profit Before Tax (PBT) | 1,957 | 2,628 ▲ 34.3% | 2,478 ▼ 5.7% | 2,942 ▲ 18.7% | 3,166 ▲ 7.6% | 3,923 ▲ 23.9% | 5,266 ▲ 34.2% | 7,099 ▲ 34.8% | 8,053 ▲ 13.4% | |
550 | 780 ▲ 41.9% | 686 ▼ 12.1% | 872 ▲ 27.2% | 812 ▼ 7.0% | 983 ▲ 21.0% | 1,323 ▲ 34.7% | 1,812 ▲ 36.9% | 2,029 ▲ 12.0% | ||
| Effective Tax %Derived | 28.09% | 29.69% | 27.67% | 29.66% | 25.64% | 25.05% | 25.12% | 25.52% | 25.20% | |
| Total Profit for Period | 1,431 | 1,887 ▲ 31.8% | 1,825 ▼ 3.3% | 2,100 ▲ 15.1% | 2,400 ▲ 14.3% | 2,986 ▲ 24.4% | 3,985 ▲ 33.5% | 5,323 ▲ 33.6% | 6,062 ▲ 13.9% | |
| Less: Non-controlling Interests | -1 | 0 ▲ 139.1% | 1 ▲ 222.2% | 1 ▼ 5.7% | 1 ▲ 64.6% | 2 ▲ 34.8% | 1 ▼ 60.4% | 1 ▲ 72.2% | 0 ▼ 79.0% | |
| Net Profit (Owner's PAT)Derived | 1,432 | 1,886 ▲ 31.8% | 1,824 ▼ 3.3% | 2,099 ▲ 15.1% | 2,399 ▲ 14.3% | 2,984 ▲ 24.4% | 3,985 ▲ 33.5% | 5,321 ▲ 33.6% | 6,062 ▲ 13.9% | |
| Net Profit Margin %Derived | 13.65% | 15.51% | 14.06% | 14.88% | 15.61% | 16.83% | 19.66% | 22.39% | 21.96% | |
| PAT Growth YoY %Derived | — | 31.76% | -3.32% | 15.08% | 14.29% | 24.41% | 33.51% | 33.55% | 13.92% | |
| Earnings Per Share (EPS ₹) | 1.96 | 2.58 ▲ 31.6% | 2.50 ▼ 3.1% | 2.87 ▲ 14.8% | 3.28 ▲ 14.3% | 4.08 ▲ 24.4% | 5.45 ▲ 33.6% | 7.28 ▲ 33.6% | 8.29 ▲ 13.9% | |
| Diluted Shares Outstanding (Cr) | 731 | 731 ▲ 0.0% | 731 ▲ 0.0% | 731 ▲ 0.0% | 731 ▲ 0.0% | 731 ▲ 0.0% | 731 ▲ 0.0% | 731 ▲ 0.0% | 731 ▲ 0.0% | |
| Share of Profit from Associates/JVs | 24 | 39 ▲ 62.5% | 32 ▼ 17.0% | 30 ▼ 5.2% | 46 ▲ 50.4% | 46 ▲ 0.3% | 42 ▼ 8.2% | 36 ▼ 15.7% | 39 ▲ 9.2% | |
| Other Comprehensive Income (Net of Tax) | 2 | -41 ▼ 2571.3% | -41 ▲ 0.6% | -88 ▼ 113.3% | -149 ▼ 70.5% | -166 ▼ 11.3% | -58 ▲ 65.2% | 7 ▲ 112.5% | 36 ▲ 394.6% | |
| Total Expenses (incl. D&A & Interest) | 8,724 | 9,609 ▲ 10.1% | 10,589 ▲ 10.2% | 11,292 ▲ 6.6% | 12,433 ▲ 10.1% | 14,092 ▲ 13.3% | 15,672 ▲ 11.2% | 17,412 ▲ 11.1% | 20,123 ▲ 15.6% | |
| Material Cost % of RevenueDerived | 44.33% | 43.70% | 45.47% | 47.61% | 52.86% | 52.96% | 51.85% | 52.92% | 50.28% | |
| Employee Cost % of RevenueDerived | 17.05% | 15.58% | 16.00% | 13.86% | 13.85% | 13.07% | 12.28% | 11.61% | 11.28% | |
| Other Cost % of RevenueDerived | 10.91% | 11.66% | 8.03% | 7.91% | 6.52% | 8.48% | 10.64% | 8.36% | 8.74% | |
| Interest Coverage (x)Derived | 805.25x | 201.42x | 661.83x | 443.20x | 582.13x | 244.62x | 644.71x | 657.68x | 1,113.47x |
BHARAT ELECTRONICS segment analysis : revenue and profit mix.
Disclosed business segments at BHARAT ELECTRONICS with their share of revenue and profit, switchable between consolidated and standalone reporting.
BHARAT ELECTRONICS discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for BHARAT ELECTRONICS.
Our AI distills the core fundamental drivers supporting BHARAT ELECTRONICS, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
BHARAT ELECTRONICS's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
ROE 25.52% and ROCE 27.68% substantially exceed sector benchmarks and cost of capital.
Operating margin 29.41% latest quarterly demonstrates exceptional profitability and cost discipline.
Zero total debt with negative net debt ₹1,826.93 Cr provides fortress-like balance sheet strength.
Promoter holding 51.14% signals strong long-term commitment and shareholder alignment.
Latest quarterly EPS grew 4.6% YoY; TTM EPS growth 4.5% despite competitive dynamics.
Key Risks.
P/E ratio 50.22x reflects elevated valuation relative to peer median approximately 32x.
Dividend yield 0.62% provides limited income appeal for yield-seeking investors.
Beta 1.28 indicates 28% higher volatility than broader market benchmarks.
Operating cash flow ₹1,494.34 Cr in FY26 lags net profit ₹6,048.48 Cr significantly.
52-week price range ₹368.50–₹473.45 suggests limited downside protection currently.
Flip Conditions.
Valuation risk. a P/E above 63 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Return-quality risk. ROE below 21% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 0.31%.
BHARAT ELECTRONICS peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — BHARAT ELECTRONICS is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
BHARAT ELECTRONICS chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for BHARAT ELECTRONICS — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
BHARAT ELECTRONICS delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for BHARAT ELECTRONICS over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in BHARAT ELECTRONICS stood at 61.4% of traded volume, against a 20-day average of 56.1%.
BHARAT ELECTRONICS announcements: results, concalls, ratings, M&A.
Filings BHARAT ELECTRONICS sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
BHARAT ELECTRONICS files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 162 documents below.
Appointment
Bharat Electronics Limited has informed the Exchange regarding Appointment of M/s Rao & Emmar, Chartered Accountants as Statutory Auditors. of the…
Updates
Bharat Electronics Limited has informed the Exchange regarding 'Intimation of Payment Date Final Dividend for the Financial Year 2025-26.'.
Copy of Newspaper Publication
Bharat Electronics Limited has informed the Exchange about Copy of Newspaper Publication
Shareholders meeting
Bharat Electronics Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 28, 2026. Further, the…
Shareholders meeting
Bharat Electronics Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2026
Investor decks & rating reports.
BHARAT ELECTRONICS dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue BHARAT ELECTRONICS has declared, sequenced by announce and record date.
BHARAT ELECTRONICS corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About BHARAT ELECTRONICS: business, sector, key facts.
What BHARAT ELECTRONICS does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
BHARAT ELECTRONICS operates in the Aerospace & Defense industry under the Capital Goods sector, listed as NSE: BEL, BSE: 500049.

Bharat Electronics Limited (BEL) is a prominent Indian public sector undertaking specializing in the design, manufacture, and supply of electronic equipment and systems. Its primary markets are defense and civilian sectors within India, with a significant export presence across various countries including the United States, France, and several others in Asia and Europe. A key focus for BEL is providing advanced technological solutions tailored to meet diverse national needs.
Within the defense sector, BEL's product portfolio is extensive, encompassing a wide range of critical systems. This includes communication systems for defense applications, land and naval-based radar systems, electronic warfare equipment, avionics for aircraft, electro-optical systems, and components for tanks and armored vehicles. Furthermore, they develop weapon systems, command, control, communication, and intelligence (C4I) systems, as well as simulators and power systems like batteries. Their expertise extends to the production of micro-electromechanical systems (MEMS) for diverse applications.
BEL's involvement in the civilian market is equally significant, offering a diverse array of products and services. These include e-governance systems designed to improve government efficiency, homeland security products focusing on national safety, and various civilian radar systems. They also contribute to infrastructure projects with solutions such as integrated traffic management systems and real-time train information systems, as well as developing solar power solutions. Additionally, they cater to the growing need for cybersecurity by providing data diodes and secure storage products and services including security architecture consulting.
Beyond its core product lines, BEL also provides essential electronic manufacturing services (EMS). This includes PCB assembly and testing, precision machining, opto-electronic component assembly, and the creation of various electronic sub-assemblies and components. This EMS capability supports both internal production and external clients, showcasing BEL's vertically integrated manufacturing capabilities. The company also offers software services supporting its diverse product range and further diversifies its offerings with products such as EV charging stations and platform screen doors, demonstrating a commitment to emerging technologies and modern infrastructure solutions.
Established in 1954 and headquartered in Bengaluru, India, BEL's longevity and continued growth highlight its crucial role in India's technological advancement and national security. Its broad range of products and services across defense and civilian sectors, complemented by its significant EMS capabilities, solidify its position as a key player in the Indian electronics industry and a significant exporter of sophisticated technological solutions globally.
Go deeper on BHARAT ELECTRONICS
- BHARAT ELECTRONICS resultsQuarter-by-quarter revenue, profit, EPS and margins for BHARAT ELECTRONICS.
- BHARAT ELECTRONICS dividendEvery dividend BHARAT ELECTRONICS has declared, with ex-dates and yield.
- BHARAT ELECTRONICS shareholdingPromoter, FII and DII holding in BHARAT ELECTRONICS, quarter by quarter.
- BHARAT ELECTRONICS financialsBHARAT ELECTRONICS profit & loss, balance sheet and cash flow by year.
- BHARAT ELECTRONICS technical analysisPivots, CPR and live indicator readings for BHARAT ELECTRONICS.
- BHARAT ELECTRONICS corporate actionsBonus issues, splits, rights and buybacks declared by BHARAT ELECTRONICS.
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Questions investors ask about BHARAT ELECTRONICS (BEL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of BHARAT ELECTRONICS (BEL)?
The current share price of BHARAT ELECTRONICS (BEL) is ₹404.35. Today, the stock has declined by ₹0.65 (0.16%), trading in a range of ₹399.25 to ₹405.40. The stock opened at ₹402.60 with a trading volume of 78,05,974 shares.
02Is BHARAT ELECTRONICS stock a good investment for long-term?
BHARAT ELECTRONICS can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2.96 L Cr., P/E ratio of 48.22, ROE of 25.52%, and ROCE of 28.04%. The dividend yield stands at 0.62%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of BHARAT ELECTRONICS stock?
The 52-week high price of BHARAT ELECTRONICS (BEL) is ₹473.45, while the 52-week low is ₹380.45. Currently trading at ₹404.35, the stock is 6.28% above its 52-week low and 14.59% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy BHARAT ELECTRONICS stock at the current price?
Whether to buy BHARAT ELECTRONICS stock at ₹404.35 depends on multiple factors. The stock is currently trading with a P/E ratio of 48.22 and P/B ratio of 12.36. Today's performance shows a loss of 0.16%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of BHARAT ELECTRONICS and when is the next dividend?
BHARAT ELECTRONICS offers a dividend yield of 0.62%, which means for every ₹100 invested at the current price of ₹404.35, you can expect to receive approximately ₹0.62 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of BHARAT ELECTRONICS?
BHARAT ELECTRONICS's key financial metrics include: P/E Ratio: 48.22, P/B Ratio: 12.36, ROE: 25.52%, ROCE: 28.04%, Dividend Yield: 0.62%, EPS: ₹1.43, Book Value: ₹32.84, and Debt-to-Equity: 0. The company's market cap stands at ₹2.96 L Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is BHARAT ELECTRONICS stock performing today in the market?
BHARAT ELECTRONICS stock opened at ₹402.60 and is currently trading at ₹404.35, showing a decline of ₹0.65 (0.16%). The intraday high is ₹405.40 and low is ₹399.25. The trading volume stands at 78,05,974 shares, indicating strong market participation today.
08What is the P/E ratio of BHARAT ELECTRONICS and what does it indicate?
BHARAT ELECTRONICS has a Price-to-Earnings (P/E) ratio of 48.22, which means investors are willing to pay 48.22 for every ₹1 of earnings. With an EPS of ₹1.43, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about BHARAT ELECTRONICS (BEL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.