Bharat Electronics Ltd.

•
₹ 4141.12%

2026-08-21

bel-india.inBSE: 500049NSE: BEL
Market Cap₹ 2,98,751 Cr.
Current Price₹ 414
High / Low₹ 473 / 361
Stock P/E0.0
Book Value₹ 34
Price to Book12.36
Dividend Yield0.61 %
ROCE37.3 %
ROE27.9 %
Face Value₹ 1

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ABOUT

KEY POINTS

PROS

  • Company has delivered good profit growth of 24.0% CAGR over last 5 years
  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 37.7%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
  • Operating margins have improved to 28.1% from 25.0%
  • Company has been maintaining a healthy dividend payout of 30.2%

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.43x)
  • Stock is trading at 12.4x 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.HAL4995.0035.84334053.110.901589.6614.885515.1714.4531.9927.89
2.BEL408.7048.61298750.660.611054.538.825546.9824.9436.6825.22
3.BDL1311.300.0048067.340.37118.79547.36572.24147.6319.7514.52
4.DATAPATTNS4698.253419.8026302.670.21220.60765.101160.301068.1323.1827.04
5.AEQUS260.150.0017447.370.00-532.28-6067.263955.451486.691.504.47
6.ZENTEC1908.5595.6517232.860.0531.85-39.99141.64-10.4816.8327.13
7.ASTRAMICRO1682.7584.5115976.870.1412.35-24.12176.66-11.5519.1820.40
8.APOLLO386.70118.4414369.750.06252.161325.842512.931781.1714.0521.38
9.SIGMAADV665.2083.1812634.070.00354.12159.953742.77—9.6615.54
10.PARAS1502.60128.2112109.050.0720.7445.34127.9137.2618.6824.95
11.UNIMECH1499.20105.967631.230.0027.8645.70107.6270.8512.1036.35
12.AXISCADES1600.65187.366808.120.00-14.76-170.76183.35-24.7714.564.73
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023
3,511
2,846
Operating Profit
—
OPM %
—
Other Income
142
Interest
1
Depreciation
101
704
Tax %
24.57%
Net Profit
531
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
3,993
2,989
Operating Profit
—
OPM %
—
Other Income
171
Interest
2
Depreciation
100
1,073
Tax %
24.29%
Net Profit
812
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
4,137
3,087
Operating Profit
—
OPM %
—
Other Income
223
Interest
1
Depreciation
100
1,172
Tax %
23.80%
Net Profit
893
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
8,529
6,249
Operating Profit
—
OPM %
—
Other Income
221
Interest
4
Depreciation
111
2,386
Tax %
25.24%
Net Profit
1,784
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
4,199
3,262
Operating Profit
—
OPM %
—
Other Income
202
Interest
1
Depreciation
100
1,037
Tax %
25.18%
Net Profit
776
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
4,583
3,195
Operating Profit
—
OPM %
—
Other Income
167
Interest
1
Depreciation
103
1,451
Tax %
24.79%
Net Profit
1,091
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
5,756
4,103
Operating Profit
—
OPM %
—
Other Income
205
Interest
1
Depreciation
103
1,754
Tax %
24.97%
Net Profit
1,316
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
9,120
6,331
Operating Profit
—
OPM %
—
Other Income
194
Interest
6
Depreciation
130
2,848
Tax %
26.09%
Net Profit
2,105
3
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
4,417
3,177
Operating Profit
—
OPM %
—
Other Income
164
Interest
1
Depreciation
113
1,289
Tax %
24.83%
Net Profit
969
1
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
5,764
4,068
Operating Profit
—
OPM %
—
Other Income
159
Interest
2
Depreciation
118
1,734
Tax %
25.84%
Net Profit
1,286
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
7,122
5,004
Operating Profit
—
OPM %
—
Other Income
160
Interest
2
Depreciation
127
2,148
Tax %
25.96%
Net Profit
1,590
2
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
10,177
7,215
Operating Profit
—
OPM %
—
Other Income
108
Interest
2
Depreciation
165
2,904
Tax %
24.13%
Net Profit
2,203
3
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
5,533
4,298
Operating Profit
—
OPM %
—
Other Income
167
Interest
1
Depreciation
153
1,403
Tax %
25.27%
Net Profit
1,048
0
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
731
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
8,612
6,924
Operating Profit
2,237
OPM %
26
Other Income
550
Interest
16
Depreciation
192
2,029
Tax %
24
Net Profit
1,548
EPS
6
Dividend Payout %
32
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2018
10,322
8,576
Operating Profit
2,204
OPM %
21
Other Income
457
Interest
5
Depreciation
251
1,948
Tax %
28
Net Profit
1,399
EPS
6
Dividend Payout %
35
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2019
12,085
9,361
Operating Profit
3,035
OPM %
25
Other Income
311
Interest
15
Depreciation
316
2,703
Tax %
29
Net Profit
1,927
EPS
8
Dividend Payout %
43
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2020
12,921
10,418
Operating Profit
2,836
OPM %
22
Other Income
333
Interest
7
Depreciation
350
2,479
Tax %
28
Net Profit
1,794
EPS
7
Dividend Payout %
38
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2021
14,064
10,908
Operating Profit
3,310
OPM %
24
Other Income
155
Interest
9
Depreciation
366
2,935
Tax %
30
Net Profit
2,065
EPS
8
Dividend Payout %
47
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2022
15,314
12,023
Operating Profit
3,546
OPM %
23
Other Income
256
Interest
8
Depreciation
380
3,158
Tax %
26
Net Profit
2,349
EPS
3
Dividend Payout %
47
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2023
17,646
13,688
Operating Profit
4,411
OPM %
25
Other Income
453
Interest
18
Depreciation
408
3,985
Tax %
25
Net Profit
3,007
EPS
4
Dividend Payout %
44
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2024
20,169
15,347
Operating Profit
5,759
OPM %
29
Other Income
936
Interest
12
Depreciation
412
5,335
Tax %
25
Net Profit
4,020
EPS
5
Dividend Payout %
40
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Mar 2025
23,658
17,043
Operating Profit
7,538
OPM %
32
Other Income
922
Interest
12
Depreciation
436
7,090
Tax %
25
Net Profit
5,288
EPS
7
Dividend Payout %
33
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Mar 2026
27,480
19,758
Operating Profit
8,609
OPM %
31
Other Income
887
Interest
10
Depreciation
524
8,075
Tax %
25
Net Profit
6,048
EPS
8
Dividend Payout %
30
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
Minority Interest
0
Share of Associates
0
Adjusted EPS
8
TTM
28,596
20,585
Operating Profit
—
OPM %
—
Other Income
594
Interest
6
Depreciation
564
8,189
Tax %
25
Net Profit
6,128
EPS
—
Dividend Payout %
—
Minority Interest
0
Share of Associates
0
Adjusted EPS
—
Minority Interest
0
Share of Associates
0
Adjusted EPS
—

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

10 Years:
17%
5 Years:
24%
3 Years:
26%

STOCK PRICE CAGR

10 Years:
27%
5 Years:
49%
3 Years:
46%
1 Year:
11%

RETURN ON EQUITY

10 Years:
23%
5 Years:
26%
3 Years:
28%
Last Year:
28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
7,285
33
Trade Payables
1,331
7,751
Total Liabilities
16,624
1,255
Capital Work in Progress
364
460
4,856
116
Cash & Bank
3,790
5,783
Total Assets
16,624
Total Debt
50
Net Working Capital
5,305
Contingent Liabilities
1,676
Book Value per Share
33.62
Face Value
1.00
Total Debt
50
Net Working Capital
5,305
Contingent Liabilities
1,676
Book Value per Share
33.62
Face Value
1.00
Mar 2018
Equity Capital
244
7,517
33
Trade Payables
1,401
8,896
Total Liabilities
18,092
1,607
Capital Work in Progress
395
903
4,551
113
Cash & Bank
739
9,784
Total Assets
18,092
Total Debt
67
Net Working Capital
4,366
Contingent Liabilities
2,413
Book Value per Share
31.85
Face Value
1.00
Total Debt
67
Net Working Capital
4,366
Contingent Liabilities
2,413
Book Value per Share
31.85
Face Value
1.00
Mar 2019
Equity Capital
244
8,775
33
Trade Payables
1,435
9,505
Total Liabilities
19,992
2,084
Capital Work in Progress
275
1,019
4,414
136
Cash & Bank
884
11,180
Total Assets
19,992
Total Debt
33
Net Working Capital
5,376
Contingent Liabilities
663
Book Value per Share
37.01
Face Value
1.00
Total Debt
33
Net Working Capital
5,376
Contingent Liabilities
663
Book Value per Share
37.01
Face Value
1.00
Mar 2020
Equity Capital
244
9,609
8
Trade Payables
2,425
11,128
Total Liabilities
23,414
2,520
Capital Work in Progress
199
1,162
3,910
145
Cash & Bank
1,558
13,920
Total Assets
23,414
Total Debt
8
Net Working Capital
5,817
Contingent Liabilities
2,216
Book Value per Share
40.44
Face Value
1.00
Total Debt
8
Net Working Capital
5,817
Contingent Liabilities
2,216
Book Value per Share
40.44
Face Value
1.00
Mar 2021
Equity Capital
244
10,564
0
Trade Payables
3,297
14,485
Total Liabilities
28,590
2,480
Capital Work in Progress
351
1,331
4,915
102
Cash & Bank
5,008
14,403
Total Assets
28,590
Total Debt
0
Net Working Capital
6,812
Contingent Liabilities
2,005
Book Value per Share
44.36
Face Value
1.00
Total Debt
0
Net Working Capital
6,812
Contingent Liabilities
2,005
Book Value per Share
44.36
Face Value
1.00
Mar 2022
Equity Capital
244
11,741
0
Trade Payables
3,366
17,479
Total Liabilities
32,829
2,524
Capital Work in Progress
399
1,554
5,540
110
Cash & Bank
7,499
15,204
Total Assets
32,829
Total Debt
0
Net Working Capital
7,625
Contingent Liabilities
2,130
Book Value per Share
49.18
Face Value
1.00
Total Debt
0
Net Working Capital
7,625
Contingent Liabilities
2,130
Book Value per Share
49.18
Face Value
1.00
Mar 2023
Equity Capital
731
12,851
0
Trade Payables
3,320
17,649
Total Liabilities
34,551
2,672
Capital Work in Progress
362
664
6,406
124
Cash & Bank
8,009
16,314
Total Assets
34,551
Total Debt
0
Net Working Capital
9,394
Contingent Liabilities
2,380
Book Value per Share
18.58
Face Value
1.00
Total Debt
0
Net Working Capital
9,394
Contingent Liabilities
2,380
Book Value per Share
18.58
Face Value
1.00
Mar 2024
Equity Capital
731
15,351
0
Trade Payables
3,694
18,805
Total Liabilities
38,581
2,759
Capital Work in Progress
454
768
7,408
7,362
Cash & Bank
10,968
8,863
Total Assets
38,581
Total Debt
0
Net Working Capital
11,901
Contingent Liabilities
3,606
Book Value per Share
22.00
Face Value
1.00
Total Debt
0
Net Working Capital
11,901
Contingent Liabilities
3,606
Book Value per Share
22.00
Face Value
1.00
Mar 2025
Equity Capital
731
18,967
0
Trade Payables
3,315
16,871
Total Liabilities
39,884
3,173
Capital Work in Progress
469
820
9,070
9,092
Cash & Bank
9,397
7,863
Total Assets
39,884
Total Debt
0
Net Working Capital
14,929
Contingent Liabilities
3,012
Book Value per Share
26.95
Face Value
1.00
Total Debt
0
Net Working Capital
14,929
Contingent Liabilities
3,012
Book Value per Share
26.95
Face Value
1.00
Mar 2026
Equity Capital
731
22,967
0
Trade Payables
3,542
16,264
Total Liabilities
43,503
3,899
Capital Work in Progress
482
864
10,094
12,845
Cash & Bank
8,419
6,900
Total Assets
43,503
Total Debt
0
Net Working Capital
18,598
Contingent Liabilities
3,132
Book Value per Share
32.42
Face Value
1.00
Total Debt
0
Net Working Capital
18,598
Contingent Liabilities
3,132
Book Value per Share
32.42
Face Value
1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
-97
Cash from Investing
3,148
Cash from Financing
-2,835
216
Free Cash Flow
-709
OCF / Net Profit
-0.06
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.06
Cumulative 5-Year FCF
0
Mar 2018
-789
Cash from Investing
41
Cash from Financing
-1,201
-1,948
Free Cash Flow
-1,423
OCF / Net Profit
-0.56
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.56
Cumulative 5-Year FCF
0
Mar 2019
1,466
Cash from Investing
-854
Cash from Financing
-628
-16
Free Cash Flow
793
OCF / Net Profit
0.76
Cumulative 5-Year FCF
0
OCF / Net Profit
0.76
Cumulative 5-Year FCF
0
Mar 2020
2,533
Cash from Investing
-639
Cash from Financing
-1,059
834
Free Cash Flow
1,827
OCF / Net Profit
1.41
Cumulative 5-Year FCF
0
OCF / Net Profit
1.41
Cumulative 5-Year FCF
0
Mar 2021
5,103
Cash from Investing
-2,569
Cash from Financing
-1,075
1,459
Free Cash Flow
4,629
OCF / Net Profit
2.47
Cumulative 5-Year FCF
5,117
OCF / Net Profit
2.47
Cumulative 5-Year FCF
5,117
Mar 2022
4,161
Cash from Investing
-4,861
Cash from Financing
-1,077
-1,777
Free Cash Flow
3,697
OCF / Net Profit
1.77
Cumulative 5-Year FCF
9,523
OCF / Net Profit
1.77
Cumulative 5-Year FCF
9,523
Mar 2023
1,087
Cash from Investing
2,800
Cash from Financing
-1,262
2,625
Free Cash Flow
575
OCF / Net Profit
0.36
Cumulative 5-Year FCF
11,520
OCF / Net Profit
0.36
Cumulative 5-Year FCF
11,520
Mar 2024
4,648
Cash from Investing
-5,889
Cash from Financing
-1,474
-2,715
Free Cash Flow
4,071
OCF / Net Profit
1.16
Cumulative 5-Year FCF
14,799
OCF / Net Profit
1.16
Cumulative 5-Year FCF
14,799
Mar 2025
457
Cash from Investing
772
Cash from Financing
-1,696
-467
Free Cash Flow
-387
OCF / Net Profit
0.09
Cumulative 5-Year FCF
12,585
OCF / Net Profit
0.09
Cumulative 5-Year FCF
12,585
Mar 2026
1,494
Cash from Investing
1,747
Cash from Financing
-2,096
1,145
Free Cash Flow
251
OCF / Net Profit
0.25
Cumulative 5-Year FCF
8,207
OCF / Net Profit
0.25
Cumulative 5-Year FCF
8,207

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017
EPS (₹)
6.93
Book Value (₹)
33.62
Dividend per Share (₹)
2.25
Cash EPS (₹)
2.36
Operating Margin %
24.47%
Net Margin %
16.93%
ROE %
18.77%
ROCE %
24.73%
9.03%
Debtor Days
161
Inventory Days
179
Payable Days
104
237
Debt to Equity (x)
0.01x
Interest Coverage (x)
126.97x
1.61x
Revenue Growth %
17.52%
Operating Profit Growth %
16.98%
Net Profit Growth %
18.38%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2018
EPS (₹)
5.74
Book Value (₹)
31.85
Dividend per Share (₹)
2.00
Cash EPS (₹)
2.26
Operating Margin %
21.18%
Net Margin %
13.45%
ROE %
18.33%
ROCE %
25.38%
8.06%
Debtor Days
165
Inventory Days
165
Payable Days
91
239
Debt to Equity (x)
0.01x
Interest Coverage (x)
417.21x
1.44x
Revenue Growth %
19.86%
Operating Profit Growth %
-1.50%
Net Profit Growth %
-9.58%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2019
EPS (₹)
7.91
Book Value (₹)
37.01
Dividend per Share (₹)
3.40
Cash EPS (₹)
3.07
Operating Margin %
25.11%
Net Margin %
15.95%
ROE %
22.97%
ROCE %
32.21%
10.12%
Debtor Days
157
Inventory Days
135
Payable Days
88
205
Debt to Equity (x)
0.00x
Interest Coverage (x)
177.79x
1.52x
Revenue Growth %
17.07%
Operating Profit Growth %
37.72%
Net Profit Growth %
37.73%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2020
EPS (₹)
7.36
Book Value (₹)
40.44
Dividend per Share (₹)
2.80
Cash EPS (₹)
2.93
Operating Margin %
21.95%
Net Margin %
13.88%
ROE %
19.01%
ROCE %
26.29%
8.27%
Debtor Days
171
Inventory Days
118
Payable Days
100
189
Debt to Equity (x)
0.00x
Interest Coverage (x)
344.38x
1.46x
Revenue Growth %
6.92%
Operating Profit Growth %
-6.55%
Net Profit Growth %
-6.92%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2021
EPS (₹)
8.48
Book Value (₹)
44.36
Dividend per Share (₹)
4.00
Cash EPS (₹)
3.33
Operating Margin %
23.53%
Net Margin %
14.68%
ROE %
19.99%
ROCE %
28.49%
7.94%
Debtor Days
172
Inventory Days
114
Payable Days
134
153
Debt to Equity (x)
0.00x
Interest Coverage (x)
319.31x
1.41x
Revenue Growth %
8.84%
Operating Profit Growth %
16.73%
Net Profit Growth %
15.14%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
9.64
Book Value (₹)
49.18
Dividend per Share (₹)
4.50
Cash EPS (₹)
3.73
Operating Margin %
23.14%
Net Margin %
15.33%
ROE %
20.61%
ROCE %
27.78%
7.65%
Debtor Days
151
Inventory Days
125
Payable Days
137
138
Debt to Equity (x)
0.00x
Interest Coverage (x)
382.84x
1.39x
Revenue Growth %
8.89%
Operating Profit Growth %
7.13%
Net Profit Growth %
13.73%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
4.11
Book Value (₹)
18.58
Dividend per Share (₹)
1.80
Cash EPS (₹)
4.67
Operating Margin %
25.00%
Net Margin %
17.04%
ROE %
23.52%
ROCE %
31.32%
8.92%
Debtor Days
136
Inventory Days
124
Payable Days
124
135
Debt to Equity (x)
0.00x
Interest Coverage (x)
216.87x
1.46x
Revenue Growth %
15.23%
Operating Profit Growth %
24.39%
Net Profit Growth %
28.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
5.50
Book Value (₹)
22.00
Dividend per Share (₹)
2.20
Cash EPS (₹)
6.06
Operating Margin %
23.91%
Net Margin %
19.93%
ROE %
27.10%
ROCE %
36.04%
10.99%
Debtor Days
130
Inventory Days
125
Payable Days
121
134
Debt to Equity (x)
0.00x
Interest Coverage (x)
461.67x
1.54x
Revenue Growth %
14.30%
Operating Profit Growth %
30.54%
Net Profit Growth %
33.70%
33.70%
P/E (x)
36.63x
P/B (x)
9.16x
Dividend Yield %
1.09%
23.67x
Mar 2025
EPS (₹)
7.23
Book Value (₹)
26.95
Dividend per Share (₹)
2.40
Cash EPS (₹)
7.83
Operating Margin %
27.96%
Net Margin %
22.35%
ROE %
29.56%
ROCE %
39.70%
13.48%
Debtor Days
127
Inventory Days
127
Payable Days
105
149
Debt to Equity (x)
0.00x
Interest Coverage (x)
585.02x
1.76x
Revenue Growth %
17.30%
Operating Profit Growth %
30.90%
Net Profit Growth %
31.55%
31.55%
P/E (x)
41.63x
P/B (x)
11.18x
Dividend Yield %
0.80%
27.96x
Mar 2026
EPS (₹)
8.27
Book Value (₹)
32.42
Dividend per Share (₹)
2.50
Cash EPS (₹)
8.99
Operating Margin %
28.10%
Net Margin %
22.01%
ROE %
27.88%
ROCE %
37.26%
14.51%
Debtor Days
146
Inventory Days
127
Payable Days
90
183
Debt to Equity (x)
0.00x
Interest Coverage (x)
816.66x
1.97x
Revenue Growth %
16.15%
Operating Profit Growth %
14.21%
Net Profit Growth %
14.38%
14.38%
P/E (x)
48.41x
P/B (x)
12.36x
Dividend Yield %
0.62%
33.04x

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