Bharat Electronics Ltd.

•
₹ 4141.12%

2026-08-21

bel-india.inBSE: 500049NSE: BEL
Market Cap₹ 2,98,751 Cr.
Current Price₹ 409
High / Low₹ 473 / 361
Stock P/E48.6
Book Value₹ 34
Price to Book12.21
Dividend Yield0.61 %
ROCE36.7 %
ROE27.4 %
Face Value₹ 1

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ABOUT

KEY POINTS

PROS

  • Company has delivered good profit growth of 23.8% CAGR over last 5 years
  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 36.9%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
  • Company has consistently been profitable over the last 5 years
  • Operating margins have improved to 28.1% from 24.6%

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.44x)
  • Stock is trading at 12.2x its book value
  • Rich enterprise valuation - EV/EBITDA of 33.0x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
Capital GoodsCapital GoodsAerospace & Defense
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.HAL5010.0035.94335056.280.901589.6614.885515.1714.4531.9927.89
2.BEL408.7048.61298750.660.611054.538.825546.9824.9436.6825.22
3.BDL1349.000.0049449.280.36118.79547.36572.24147.6319.7514.52
4.DATAPATTNS4775.203475.8126733.460.21220.60765.101160.301068.1323.1827.04
5.AEQUS262.400.0017598.270.00-532.28-6067.263955.451486.691.504.47
6.ZENTEC1932.4096.8517448.210.0531.85-39.99141.64-10.4816.8327.13
7.ASTRAMICRO1702.9585.5316168.660.1412.35-24.12176.66-11.5519.1820.40
8.APOLLO385.85118.1814338.170.06252.161325.842512.931781.1714.0521.38
9.SIGMAADV691.0586.4213125.040.00354.12159.953742.77—9.6615.54
10.PARAS1496.10127.6512056.670.0720.7445.34127.9137.2618.6824.95
11.UNIMECH1498.40105.907627.160.0027.8645.70107.6270.8512.1036.35
12.AXISCADES1591.70186.316770.060.00-14.76-170.76183.35-24.7714.564.73
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
3,533
2,860
Operating Profit
—
OPM %
—
Other Income
140
Interest
1
Depreciation
109
703
Tax %
24.78%
Net Profit
0
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
4,009
2,995
Operating Profit
—
OPM %
—
Other Income
137
Interest
2
Depreciation
108
1,041
Tax %
25.04%
Net Profit
0
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
4,162
3,090
Operating Profit
—
OPM %
—
Other Income
167
Interest
1
Depreciation
107
1,132
Tax %
25.07%
Net Profit
0
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
8,564
6,277
Operating Profit
—
OPM %
—
Other Income
225
Interest
4
Depreciation
119
2,390
Tax %
25.29%
Net Profit
0
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
4,244
3,295
Operating Profit
—
OPM %
—
Other Income
204
Interest
1
Depreciation
108
1,043
Tax %
25.12%
Net Profit
791
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
4,605
3,205
Operating Profit
—
OPM %
—
Other Income
158
Interest
1
Depreciation
111
1,445
Tax %
25.00%
Net Profit
1,093
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
5,771
4,101
Operating Profit
—
OPM %
—
Other Income
186
Interest
1
Depreciation
111
1,744
Tax %
25.37%
Net Profit
1,312
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
9,150
6,334
Operating Profit
—
OPM %
—
Other Income
195
Interest
6
Depreciation
138
2,867
Tax %
26.03%
Net Profit
2,127
3
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
4,440
3,201
Operating Profit
—
OPM %
—
Other Income
163
Interest
1
Depreciation
121
1,279
Tax %
24.91%
Net Profit
969
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
5,792
4,090
Operating Profit
—
OPM %
—
Other Income
154
Interest
2
Depreciation
126
1,728
Tax %
26.02%
Net Profit
1,287
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
7,154
5,027
Operating Profit
—
OPM %
—
Other Income
139
Interest
2
Depreciation
135
2,128
Tax %
26.22%
Net Profit
1,580
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
10,224
7,243
Operating Profit
—
OPM %
—
Other Income
110
Interest
2
Depreciation
173
2,917
Tax %
24.10%
Net Profit
2,226
3
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
5,547
4,320
Operating Profit
—
OPM %
—
Other Income
170
Interest
1
Depreciation
161
1,407
Tax %
25.04%
Net Profit
1,055
0
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
8,668
6,955
Operating Profit
2,212
OPM %
26
Other Income
499
Interest
18
Depreciation
212
1,983
Tax %
24
Net Profit
1,497
EPS
6
Dividend Payout %
33
Minority Interest
0
Share of Associates
26
Adjusted EPS
2
Minority Interest
0
Share of Associates
26
Adjusted EPS
2
Mar 2018
10,401
8,618
Operating Profit
2,235
OPM %
21
Other Income
452
Interest
6
Depreciation
272
1,957
Tax %
28
Net Profit
1,407
EPS
6
Dividend Payout %
34
Minority Interest
1
Share of Associates
24
Adjusted EPS
2
Minority Interest
1
Share of Associates
24
Adjusted EPS
2
Mar 2019
12,164
9,397
Operating Profit
2,982
OPM %
25
Other Income
215
Interest
16
Depreciation
338
2,628
Tax %
30
Net Profit
1,848
EPS
8
Dividend Payout %
44
Minority Interest
-0
Share of Associates
39
Adjusted EPS
3
Minority Interest
-0
Share of Associates
39
Adjusted EPS
3
Mar 2020
12,968
10,440
Operating Profit
2,858
OPM %
22
Other Income
331
Interest
8
Depreciation
372
2,478
Tax %
28
Net Profit
1,793
EPS
7
Dividend Payout %
37
Minority Interest
-1
Share of Associates
32
Adjusted EPS
2
Minority Interest
-1
Share of Associates
32
Adjusted EPS
2
Mar 2021
14,109
10,924
Operating Profit
3,339
OPM %
24
Other Income
154
Interest
10
Depreciation
387
2,942
Tax %
30
Net Profit
2,069
EPS
9
Dividend Payout %
46
Minority Interest
-1
Share of Associates
30
Adjusted EPS
3
Minority Interest
-1
Share of Associates
30
Adjusted EPS
3
Mar 2022
15,368
12,046
Operating Profit
3,576
OPM %
23
Other Income
254
Interest
9
Depreciation
401
3,166
Tax %
26
Net Profit
2,354
EPS
3
Dividend Payout %
46
Minority Interest
-1
Share of Associates
46
Adjusted EPS
3
Minority Interest
-1
Share of Associates
46
Adjusted EPS
3
Mar 2023
17,734
13,738
Operating Profit
4,371
OPM %
25
Other Income
374
Interest
19
Depreciation
429
3,923
Tax %
25
Net Profit
2,940
EPS
4
Dividend Payout %
44
Minority Interest
-2
Share of Associates
46
Adjusted EPS
4
Minority Interest
-2
Share of Associates
46
Adjusted EPS
4
Mar 2024
20,268
15,397
Operating Profit
5,721
OPM %
28
Other Income
851
Interest
12
Depreciation
443
5,266
Tax %
25
Net Profit
3,943
EPS
5
Dividend Payout %
40
Minority Interest
-1
Share of Associates
42
Adjusted EPS
5
Minority Interest
-1
Share of Associates
42
Adjusted EPS
5
Mar 2025
23,769
17,087
Operating Profit
7,579
OPM %
32
Other Income
897
Interest
13
Depreciation
467
7,099
Tax %
26
Net Profit
5,287
EPS
7
Dividend Payout %
33
Minority Interest
-1
Share of Associates
36
Adjusted EPS
7
Minority Interest
-1
Share of Associates
36
Adjusted EPS
7
Mar 2026
27,610
19,854
Operating Profit
8,619
OPM %
31
Other Income
862
Interest
10
Depreciation
556
8,053
Tax %
25
Net Profit
6,023
EPS
8
Dividend Payout %
30
Minority Interest
-0
Share of Associates
39
Adjusted EPS
8
Minority Interest
-0
Share of Associates
39
Adjusted EPS
8
TTM
28,717
20,680
Operating Profit
—
OPM %
—
Other Income
572
Interest
6
Depreciation
595
8,180
Tax %
25
Net Profit
6,117
EPS
—
Dividend Payout %
—
Minority Interest
0
Share of Associates
41
Adjusted EPS
—
Minority Interest
0
Share of Associates
41
Adjusted EPS
—

COMPOUNDED SALES GROWTH

10 Years:
14%
5 Years:
14%
3 Years:
16%

COMPOUNDED PROFIT GROWTH

10 Years:
16%
5 Years:
24%
3 Years:
27%

STOCK PRICE CAGR

10 Years:
27%
5 Years:
48%
3 Years:
47%
1 Year:
10%

RETURN ON EQUITY

10 Years:
22%
5 Years:
25%
3 Years:
28%
Last Year:
27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2022

Sep 15

2:1

Bonus issue

2017

Sep 28

1:10

Bonus issue

2015

Sep 14

2:1

Bharat Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 24, 2015, inter alia, has approved the proposal for issue of Bonus shares to the existing shareholders of the Company in the ratio of 2:1 (2 Bonus shares for every share held). Board has also approved the proposal for increase in the authorized share capital of the Company from Rs. 100 Crores to Rs. 250 Crores and consequential amendments to Memorandum of Association and Articles of Association. The aforesaid proposals are subject to the approval by Members of the Company at the ensuing Annual General Meeting through e-voting and ballot. The Company further inform that the aforesaid proposals were not part of the agenda of the Board meeting held on 24th July 2015 and were decided by the Board at the meeting.

2015

Sep 15

Bonus issue

2015

Sep 16

2:1

Bharat Electronics Ltd has informed BSE that the Allotment Committee of Board of Directors of the Company, has in its meeting held on September 16, 2015, approved the proposal for allotment of 16,00,00,000 (Sixteen Crores) Bonus shares of Rs. 10 each to the shareholders of the Company who have held shares as on the Record Date (i.e., September 15, 2015) in the ratio of 2:1 (2 Bonus shares for every share held).

Mar 2017
Equity Capital
223
7,512
47
Trade Payables
1,297
7,987
Total Liabilities
17,067
1,501
Capital Work in Progress
414
491
4,882
118
Cash & Bank
3,827
5,835
Total Assets
17,067
Total Debt
64
Net Working Capital
5,316
Contingent Liabilities
1,681
Book Value per Share
34.63
Face Value
1.00
Total Debt
64
Net Working Capital
5,316
Contingent Liabilities
1,681
Book Value per Share
34.63
Face Value
1.00
Mar 2018
Equity Capital
244
7,772
47
Trade Payables
1,369
9,099
Total Liabilities
18,530
1,839
Capital Work in Progress
444
937
4,579
114
Cash & Bank
841
9,776
Total Assets
18,530
Total Debt
80
Net Working Capital
4,408
Contingent Liabilities
2,422
Book Value per Share
32.90
Face Value
1.00
Total Debt
80
Net Working Capital
4,408
Contingent Liabilities
2,422
Book Value per Share
32.90
Face Value
1.00
Mar 2019
Equity Capital
244
8,968
33
Trade Payables
1,434
9,670
Total Liabilities
20,349
2,298
Capital Work in Progress
323
964
4,443
137
Cash & Bank
972
11,212
Total Assets
20,349
Total Debt
33
Net Working Capital
5,426
Contingent Liabilities
1,014
Book Value per Share
37.80
Face Value
1.00
Total Debt
33
Net Working Capital
5,426
Contingent Liabilities
1,014
Book Value per Share
37.80
Face Value
1.00
Mar 2020
Equity Capital
244
9,828
8
Trade Payables
2,450
11,320
Total Liabilities
23,850
2,712
Capital Work in Progress
247
1,110
3,958
146
Cash & Bank
1,660
14,016
Total Assets
23,850
Total Debt
8
Net Working Capital
5,872
Contingent Liabilities
2,219
Book Value per Share
41.33
Face Value
1.00
Total Debt
8
Net Working Capital
5,872
Contingent Liabilities
2,219
Book Value per Share
41.33
Face Value
1.00
Mar 2021
Equity Capital
244
10,816
0
Trade Payables
3,299
14,668
Total Liabilities
29,026
2,652
Capital Work in Progress
397
1,306
4,968
102
Cash & Bank
5,074
14,527
Total Assets
29,026
Total Debt
0
Net Working Capital
6,884
Contingent Liabilities
2,007
Book Value per Share
45.39
Face Value
1.00
Total Debt
0
Net Working Capital
6,884
Contingent Liabilities
2,007
Book Value per Share
45.39
Face Value
1.00
Mar 2022
Equity Capital
244
12,042
0
Trade Payables
3,369
17,634
Total Liabilities
33,290
2,675
Capital Work in Progress
446
1,572
5,592
110
Cash & Bank
7,564
15,331
Total Assets
33,290
Total Debt
0
Net Working Capital
7,713
Contingent Liabilities
2,133
Book Value per Share
50.42
Face Value
1.00
Total Debt
0
Net Working Capital
7,713
Contingent Liabilities
2,133
Book Value per Share
50.42
Face Value
1.00
Mar 2023
Equity Capital
731
13,131
0
Trade Payables
3,330
17,795
Total Liabilities
34,987
2,963
Capital Work in Progress
361
650
6,448
124
Cash & Bank
8,112
16,330
Total Assets
34,987
Total Debt
0
Net Working Capital
9,482
Contingent Liabilities
2,388
Book Value per Share
18.96
Face Value
1.00
Total Debt
0
Net Working Capital
9,482
Contingent Liabilities
2,388
Book Value per Share
18.96
Face Value
1.00
Mar 2024
Equity Capital
731
15,595
0
Trade Payables
3,706
18,919
Total Liabilities
38,952
3,035
Capital Work in Progress
456
682
7,447
7,392
Cash & Bank
11,057
8,882
Total Assets
38,952
Total Debt
0
Net Working Capital
12,036
Contingent Liabilities
3,612
Book Value per Share
22.34
Face Value
1.00
Total Debt
0
Net Working Capital
12,036
Contingent Liabilities
3,612
Book Value per Share
22.34
Face Value
1.00
Mar 2025
Equity Capital
731
19,243
0
Trade Payables
3,339
16,984
Total Liabilities
40,297
3,419
Capital Work in Progress
477
743
9,119
9,116
Cash & Bank
9,545
7,877
Total Assets
40,297
Total Debt
0
Net Working Capital
15,105
Contingent Liabilities
3,015
Book Value per Share
27.32
Face Value
1.00
Total Debt
0
Net Working Capital
15,105
Contingent Liabilities
3,015
Book Value per Share
27.32
Face Value
1.00
Mar 2026
Equity Capital
731
23,257
0
Trade Payables
3,583
16,378
Total Liabilities
43,950
4,121
Capital Work in Progress
486
800
10,176
12,876
Cash & Bank
8,572
6,921
Total Assets
43,950
Total Debt
0
Net Working Capital
18,797
Contingent Liabilities
3,134
Book Value per Share
32.82
Face Value
1.00
Total Debt
0
Net Working Capital
18,797
Contingent Liabilities
3,134
Book Value per Share
32.82
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
-61
Cash from Investing
3,115
Cash from Financing
-2,857
197
Free Cash Flow
-734
OCF / Net Profit
-0.04
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.04
Cumulative 5-Year FCF
0
Mar 2018
-687
Cash from Investing
-6
Cash from Financing
-1,202
-1,895
Free Cash Flow
-1,326
OCF / Net Profit
-0.49
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.49
Cumulative 5-Year FCF
0
Mar 2019
1,514
Cash from Investing
-896
Cash from Financing
-663
-45
Free Cash Flow
838
OCF / Net Profit
0.82
Cumulative 5-Year FCF
0
OCF / Net Profit
0.82
Cumulative 5-Year FCF
0
Mar 2020
2,570
Cash from Investing
-649
Cash from Financing
-1,061
861
Free Cash Flow
1,863
OCF / Net Profit
1.43
Cumulative 5-Year FCF
0
OCF / Net Profit
1.43
Cumulative 5-Year FCF
0
Mar 2021
5,093
Cash from Investing
-2,595
Cash from Financing
-1,076
1,422
Free Cash Flow
4,619
OCF / Net Profit
2.46
Cumulative 5-Year FCF
5,261
OCF / Net Profit
2.46
Cumulative 5-Year FCF
5,261
Mar 2022
4,207
Cash from Investing
-4,872
Cash from Financing
-1,078
-1,742
Free Cash Flow
3,742
OCF / Net Profit
1.79
Cumulative 5-Year FCF
9,737
OCF / Net Profit
1.79
Cumulative 5-Year FCF
9,737
Mar 2023
1,199
Cash from Investing
2,708
Cash from Financing
-1,262
2,645
Free Cash Flow
575
OCF / Net Profit
0.41
Cumulative 5-Year FCF
11,638
OCF / Net Profit
0.41
Cumulative 5-Year FCF
11,638
Mar 2024
4,659
Cash from Investing
-5,924
Cash from Financing
-1,475
-2,739
Free Cash Flow
4,068
OCF / Net Profit
1.18
Cumulative 5-Year FCF
14,867
OCF / Net Profit
1.18
Cumulative 5-Year FCF
14,867
Mar 2025
564
Cash from Investing
639
Cash from Financing
-1,696
-493
Free Cash Flow
-287
OCF / Net Profit
0.11
Cumulative 5-Year FCF
12,717
OCF / Net Profit
0.11
Cumulative 5-Year FCF
12,717
Mar 2026
1,541
Cash from Investing
1,730
Cash from Financing
-2,097
1,175
Free Cash Flow
296
OCF / Net Profit
0.26
Cumulative 5-Year FCF
8,393
OCF / Net Profit
0.26
Cumulative 5-Year FCF
8,393

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017
EPS (₹)
6.82
Book Value (₹)
34.63
Dividend per Share (₹)
2.25
Cash EPS (₹)
2.32
Operating Margin %
23.99%
Net Margin %
16.24%
ROE %
17.63%
ROCE %
23.43%
8.50%
Debtor Days
160
Inventory Days
179
Payable Days
102
237
Debt to Equity (x)
0.01x
Interest Coverage (x)
111.94x
1.61x
Revenue Growth %
17.88%
Operating Profit Growth %
14.47%
Net Profit Growth %
11.99%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2018
EPS (₹)
5.88
Book Value (₹)
32.90
Dividend per Share (₹)
2.00
Cash EPS (₹)
2.30
Operating Margin %
21.32%
Net Margin %
13.42%
ROE %
17.87%
ROCE %
24.70%
7.91%
Debtor Days
163
Inventory Days
165
Payable Days
89
239
Debt to Equity (x)
0.01x
Interest Coverage (x)
308.71x
1.45x
Revenue Growth %
19.99%
Operating Profit Growth %
1.04%
Net Profit Growth %
-6.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2019
EPS (₹)
7.74
Book Value (₹)
37.80
Dividend per Share (₹)
3.40
Cash EPS (₹)
2.99
Operating Margin %
24.51%
Net Margin %
15.19%
ROE %
21.45%
ROCE %
30.50%
9.51%
Debtor Days
156
Inventory Days
135
Payable Days
87
205
Debt to Equity (x)
0.00x
Interest Coverage (x)
165.99x
1.52x
Revenue Growth %
16.95%
Operating Profit Growth %
33.43%
Net Profit Growth %
31.32%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
7.49
Book Value (₹)
41.33
Dividend per Share (₹)
2.80
Cash EPS (₹)
2.96
Operating Margin %
22.04%
Net Margin %
13.82%
ROE %
18.59%
ROCE %
25.73%
8.11%
Debtor Days
170
Inventory Days
118
Payable Days
100
188
Debt to Equity (x)
0.00x
Interest Coverage (x)
324.55x
1.46x
Revenue Growth %
6.61%
Operating Profit Growth %
-4.17%
Net Profit Growth %
-3.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
8.61
Book Value (₹)
45.39
Dividend per Share (₹)
4.00
Cash EPS (₹)
3.36
Operating Margin %
23.66%
Net Margin %
14.66%
ROE %
19.59%
ROCE %
27.92%
7.83%
Debtor Days
172
Inventory Days
115
Payable Days
135
153
Debt to Equity (x)
0.00x
Interest Coverage (x)
307.12x
1.41x
Revenue Growth %
8.80%
Operating Profit Growth %
16.82%
Net Profit Growth %
15.44%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
9.85
Book Value (₹)
50.42
Dividend per Share (₹)
4.50
Cash EPS (₹)
3.77
Operating Margin %
23.25%
Net Margin %
15.31%
ROE %
20.17%
ROCE %
27.20%
7.56%
Debtor Days
150
Inventory Days
125
Payable Days
137
138
Debt to Equity (x)
0.00x
Interest Coverage (x)
371.32x
1.39x
Revenue Growth %
8.93%
Operating Profit Growth %
7.10%
Net Profit Growth %
13.78%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
4.08
Book Value (₹)
18.96
Dividend per Share (₹)
1.80
Cash EPS (₹)
4.61
Operating Margin %
24.64%
Net Margin %
16.58%
ROE %
22.49%
ROCE %
30.15%
8.61%
Debtor Days
135
Inventory Days
124
Payable Days
124
135
Debt to Equity (x)
0.00x
Interest Coverage (x)
209.22x
1.46x
Revenue Growth %
15.40%
Operating Profit Growth %
22.22%
Net Profit Growth %
24.88%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
5.45
Book Value (₹)
22.34
Dividend per Share (₹)
2.20
Cash EPS (₹)
6.00
Operating Margin %
24.03%
Net Margin %
19.45%
ROE %
26.12%
ROCE %
34.97%
10.67%
Debtor Days
130
Inventory Days
125
Payable Days
121
134
Debt to Equity (x)
0.00x
Interest Coverage (x)
437.67x
1.55x
Revenue Growth %
14.29%
Operating Profit Growth %
30.91%
Net Profit Growth %
34.10%
33.51%
P/E (x)
36.96x
P/B (x)
9.02x
Dividend Yield %
1.09%
23.80x
Mar 2025
EPS (₹)
7.28
Book Value (₹)
27.32
Dividend per Share (₹)
2.40
Cash EPS (₹)
7.87
Operating Margin %
28.11%
Net Margin %
22.24%
ROE %
29.13%
ROCE %
39.18%
13.34%
Debtor Days
127
Inventory Days
127
Payable Days
105
148
Debt to Equity (x)
0.00x
Interest Coverage (x)
567.56x
1.76x
Revenue Growth %
17.27%
Operating Profit Growth %
32.46%
Net Profit Growth %
34.09%
33.55%
P/E (x)
41.37x
P/B (x)
11.02x
Dividend Yield %
0.80%
27.79x
Mar 2026
EPS (₹)
8.29
Book Value (₹)
32.82
Dividend per Share (₹)
2.50
Cash EPS (₹)
9.00
Operating Margin %
28.09%
Net Margin %
21.82%
ROE %
27.40%
ROCE %
36.68%
14.30%
Debtor Days
145
Inventory Days
128
Payable Days
90
183
Debt to Equity (x)
0.00x
Interest Coverage (x)
795.96x
1.98x
Revenue Growth %
16.16%
Operating Profit Growth %
13.72%
Net Profit Growth %
13.93%
13.92%
P/E (x)
48.31x
P/B (x)
12.21x
Dividend Yield %
0.62%
32.98x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
51.14
17.43
20.62
Government
0.00
10.82
Sep 2024
51.14
17.27
20.22
Government
0.00
11.38
Dec 2024
51.14
17.34
20.94
Government
0.00
10.59
Mar 2025
51.14
17.55
20.87
Government
0.00
10.43
Jun 2025
51.14
18.56
20.60
Government
0.00
9.70
Sep 2025
51.14
18.14
20.88
Government
0.00
9.84
Dec 2025
51.14
18.51
20.47
Government
0.00
9.87
Mar 2026
51.14
19.51
20.00
Government
0.00
9.37
Jun 2026
51.14
18.02
21.02
Government
0.00
9.82

Documents

Announcements

  • Copy of Newspaper Publication

    2026-08-19 - Newspaper Publication Addendum to the Notice of the 72nd Annual General Meeting (AGM) of the Company scheduled to be held on 28 August 2026.

  • Shareholders meeting

    2026-08-18 - Addendum to the Notice of the 72nd Annual General Meeting of the Company scheduled to be held on 28 August 2026.

Annual Reports

Credit Ratings

  • Credit Rating

    2026-02-20 - Bharat Electronics Limited has informed the Exchange about Credit Rating

Concalls