BEL

Large CapLive · screener.in · 4 Aug

Bharat Electronics · Defence

₹411.8

+0.78% today

Market Cap

₹2,88,978 Cr

Current Price

₹392

Stock P/E

Book Value

₹32.8

Dividend Yield

0.61%

ROCE

36.5%

ROE

27.6%

Face Value

Peer comparison

6 companies · Defence and nearest by size. Current company highlighted — click a header to sort.

Company	CMP	MCap (Cr)	P/E	P/B	ROCE	ROE	D/E	Sales 3Y	Profit 3Y	OPM	Div Yld
HAL	₹4,910	3,00,000	34.8	9.8	34.2%	28.4%	0.00	+26.6%	+26.3%	38.2%	1.07%
JSWSTEEL	₹1,299.5	2,40,000	28.2	3.1	12.4%	11.2%	1.02	+11.2%	+6.9%	18%	0.44%
ASIANPAINT	₹2,735	2,18,000	52.4	12.9	32.4%	24.8%	0.09	+26.5%	+25.6%	37.1%	0.69%
BEL	₹401	2,15,000	48.2	12.4	33.8%	26.2%	0.00	+25.4%	+26.5%	38.2%	0.39%
TATASTEEL	₹187.55	1,95,000	42.1	1.7	7.8%	4.2%	0.78	+6.2%	+1.8%	12.6%	1.05%
HINDZINC	₹603	1,95,000	22.1	12.4	42.8%	58.2%	0.42	+26.4%	+24.8%	42.1%	1.75%

Quarterly results

Consolidated, ₹ Cr unless noted · live from screener.in

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	3,533	4,009	4,162	8,564	4,244	4,605	5,771	9,150	4,440	5,792	7,154	10,224	5,547
Expenses	2,860	2,995	3,090	6,277	3,295	3,205	4,101	6,334	3,201	4,090	5,027	7,243	4,159
Operating Profit	673	1,014	1,072	2,287	948	1,400	1,669	2,816	1,238	1,702	2,127	2,982	1,388
OPM %	19%	25%	26%	27%	22%	30%	29%	31%	28%	29%	30%	29%	25%
Other Income	140	137	167	225	204	158	186	195	163	154	139	110	170
Interest	1	2	1	4	1	1	1	6	1	2	2	2	1
Depreciation	109	108	107	119	108	111	111	138	121	126	135	173	161
Profit before tax	703	1,041	1,132	2,390	1,043	1,445	1,744	2,867	1,279	1,728	2,128	2,917	1,396
Tax %	25%	25%	25%	25%	25%	25%	25%	26%	25%	26%	26%	24%	25%
Net Profit	539	790	860	1,797	791	1,093	1,312	2,127	969	1,287	1,580	2,226	1,055
EPS in Rs	0.74	1.08	1.18	2.46	1.08	1.49	1.79	2.91	1.33	1.76	2.16	3.04	1.44
Raw PDF	—	—	—	—	—	—	—	—	—	—	—	—	—

Profit & Loss — Annual

₹ Cr

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7,093	7,354	8,656	10,401	12,164	12,968	14,109	15,368	17,734	20,268	23,769	27,610	28,717
Expenses	5,913	5,961	6,864	8,361	9,255	10,209	10,895	12,024	13,645	15,217	16,932	19,561	20,518
Operating Profit	1,179	1,393	1,792	2,039	2,909	2,759	3,214	3,344	4,090	5,051	6,837	8,049	8,199
OPM %	17%	19%	21%	20%	24%	21%	23%	22%	23%	25%	29%	29%	29%
Other Income	507	573	420	196	73	99	125	232	281	670	742	566	572
Interest	7	10	18	6	16	8	10	9	19	12	13	7	6
Depreciation	166	192	212	272	338	372	387	401	429	443	467	556	595
Profit before tax	1,513	1,764	1,983	1,957	2,628	2,478	2,942	3,166	3,923	5,266	7,099	8,053	8,170
Tax %	21%	24%	24%	28%	30%	28%	30%	26%	25%	25%	26%	25%	—
Net Profit	1,197	1,337	1,523	1,431	1,887	1,825	2,100	2,400	2,986	3,985	5,323	6,062	6,148
EPS in Rs	1.51	1.69	2.07	1.96	2.58	2.5	2.87	3.28	4.08	5.45	7.28	8.29	8.4
Dividend Payout %	20%	31%	33%	34%	44%	37%	46%	46%	44%	40%	33%	30%	—

Balance sheet

₹ Cr

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	80	240	223	244	244	244	244	244	731	731	731	731
Reserves	8,037	9,006	7,512	7,772	8,968	9,828	10,816	12,042	13,131	15,595	19,243	23,257
Borrowings	25	28	64	80	34	8	3	53	61	63	61	65
Other Liabilities	7,587	9,330	9,800	10,868	11,575	14,271	18,430	21,574	21,567	23,136	20,788	20,484
Total Liabilities	15,729	18,605	17,600	18,965	20,821	24,351	29,492	33,912	35,490	39,524	40,824	44,538
Fixed Assets	1,073	1,232	1,501	1,839	2,298	2,713	2,652	2,675	2,963	3,035	3,419	4,366
CWIP	140	430	743	940	849	828	883	1,006	855	894	1,052	486
Investments	0	462	491	937	964	1,110	1,306	1,572	650	682	743	800
Other Assets	14,516	16,481	14,865	15,248	16,710	19,700	24,651	28,659	31,022	34,913	35,610	38,886
Total Assets	15,729	18,605	17,600	18,965	20,821	24,351	29,492	33,912	35,490	39,524	40,824	44,538

Cash flow

₹ Cr

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	1,434	2,260	-61	-687	1,514	2,570	5,093	4,207	1,199	4,659	587	1,541
Cash from Investing Activity	-839	-1,470	3,115	-6	-896	-649	-2,595	-4,872	2,708	-5,924	617	1,730
Cash from Financing Activity	-209	-318	-2,857	-1,202	-663	-1,061	-1,076	-1,078	-1,262	-1,475	-1,696	-2,097
Net Cash Flow	386	472	197	-1,895	-45	861	1,422	-1,742	2,645	-2,739	-493	1,175
Free Cash Flow	1,208	1,607	-853	-1,492	785	1,825	4,625	3,660	611	4,015	-422	560
CFO/OP	152	193	33	-0	79	114	175	150	55	120	33	44

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	196	185	184	176	161	189	170	145	145	133	140	170
Inventory Days	321	401	407	305	275	204	233	230	240	257	273	265
Days Payable	111	112	108	91	89	126	155	139	124	128	100	93
Cash Conversion Cycle	406	473	483	390	347	267	248	237	261	262	313	342
Working Capital Days	52	8	63	125	134	119	47	4	28	18	85	135
ROCE %	20%	20%	23%	25%	30%	26%	28%	27%	30%	35%	39%	37%

Shareholding pattern

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14
FIIs	17.19	17.77	17.56	17.43	17.27	17.34	17.55	18.56	18.14	18.51	19.51	18.02
DIIs	24.19	23.37	22.63	20.62	20.22	20.94	20.87	20.6	20.88	20.47	20	21.02
Public	7.49	7.72	8.66	10.82	11.37	10.58	10.43	9.7	9.84	9.87	9.37	9.82
No. of Shareholders	9,74,782	10,98,228	13,64,873	25,18,663	27,72,002	26,53,676	26,78,435	25,42,378	24,98,588	25,43,622	25,30,896	26,04,298

On this stock

Announcement · NSE

Receipt of orders worth ₹3,172 crore since last disclosure

Financials sourced from public filings via third-party open-source data (screener.in), cached daily. Peer comparison uses our curated set. For educational purposes only. Not investment advice.