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Bharat Electronics Ltd

Bharat Electronics Ltd

BEL Share Price

NSE
414.852.13% (+8.65)
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With a market cap of ₹3,03,246 cr, stock is ranked 28

Stock is 1.95x as volatile as Nifty

BEL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹3,03,246 cr, stock is ranked 28

Stock is 1.95x as volatile as Nifty

BEL Performance & Key Metrics

BEL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
50.0215.170.60%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
20.965.553.36%

BEL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
96%
Analysts have suggested that investors can buy this stock

from 25 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

BEL Company Profile

Bharat Electronics Limited is engaged in design, manufacture and supply of electronics products/systems for defense as well as for nondefense markets. The Company's principal products include weapon systems, radar and fire control systems etc.

PE Ratio
117.30
117.30
1Y Return
238.28%
238.28%
Buy Reco %
100.00
100.00
PE Ratio
64.29
64.29
1Y Return
6.05%
6.05%
Buy Reco %
66.67
66.67
PE Ratio
88.01
88.01
1Y Return
118.92%
118.92%
Buy Reco %
79.17
79.17
PE Ratio
87.42
87.42
1Y Return
0.81%
0.81%
Buy Reco %
71.43
71.43
PE Ratio
84.99
84.99
1Y Return
24.59%
24.59%
Buy Reco %
88.89
88.89
Compare with Peers

BEL Sentiment Analysis

BEL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

BEL Stock Summary · May 2026

Management opened with a factual tone, reporting solid FY26 results — revenue of INR 27,480 crore (up 16% YoY) and PBT of INR 8,075 crore — and framed execution of a concentrated ~INR 74,000 crore order book as the near‑term priority. They emphasised margins improving to 30% driven largely by indigenization and described a strategic push into high‑end R&D and compute infrastructure, targeting INR 2,200 crore of R&D next year with 8–10 major programs and additional compute capex of INR 100–200 crore under approval to support AI and new‑tech productisation. Management acknowledged tensions between growth investments and cash conversion — operating cash‑to‑EBITDA was ~19% with receivable days extended — and flagged semiconductor dependence (17–19% of material cost) as a margin risk they are addressing via indigenization. They reiterated confidence in signing the QRSAM contract by end‑June (first production in ~18 months) but noted margin outcomes depend on supplier contracts, and said FY27 guidance incorporates a wage revision, with specific margin guidance to be provided in closing remarks.

BEL Stock Growth Drivers
BEL Stock Growth Drivers
9
  • Strong FY25-26 Financial Performance

    The company delivered a solid set of FY25-26 results with revenue from operations rising 16%

  • Large, High‑Quality Order Book and Near‑Term Execution Visibility

    The company enters FY26‑27 with a substantial, program‑oriented backlog providing multi‑year revenue visibility: the order

BEL Stock Challenges
BEL Stock Challenges
6
  • Semiconductor dependence and delayed indigenization

    The company remains materially dependent on imported semiconductors because domestic semiconductor infrastructure is nascent; management

  • Weak cash conversion and working‑capital deterioration

    Reported operating cash flow to EBITDA conversion is low and volatile — approximately 19% in

BEL Forecast

BEL Forecasts

Price

Revenue

Earnings

BEL

BEL

Income

Balance Sheet

Cash Flow

BEL Income Statement

BEL Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue4,329.588,789.514,447.154,762.665,957.079,344.234,603.065,946.017,292.3910,334.68
Operating & Other expensessubtract3,089.666,276.853,295.373,204.954,101.206,333.533,201.474,089.925,026.617,242.78
Depreciation/Amortizationsubtract107.46118.54107.68111.19110.93137.58120.79126.49135.44172.95
Interest & Other Itemssubtract0.514.051.181.321.325.861.441.652.031.61
Taxes & Other Itemssubtract272.37592.96251.92352.75432.67740.22309.45440.18549.21692.12
EPS1.172.461.081.501.792.911.331.762.163.04

BEL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual report

PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual Report Unavailable

Investor Presentation

Aug 30PDF
FY 2022FY 2022

Annual report

PDF

Investor Presentation

Sep 28PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF

Investor Presentation

May 30PDF
FY 2017FY 2017

Annual report

PDF
FY 2016FY 2016

Annual report

PDF
FY 2015FY 2015

Annual report

PDF
 

BEL Stock Peers

BEL Past Performance & Peer Comparison

BEL Past Performance & Peer Comparison

Comparing 3 stocks from 
Information TechnologyElectronic Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Bharat Electronics Ltd50.0215.170.60%
Aditya Infotech Ltd117.3042.410.04%
Honeywell Automation India Ltd64.297.560.29%
Syrma SGS Technology Ltd88.0115.330.10%

BEL Stock Price Comparison

Compare BEL with any stock or ETF
Compare BEL with any stock or ETF
BEL
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BEL Holdings

BEL Shareholdings

BEL Promoter Holdings Trend

BEL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

BEL Institutional Holdings Trend

BEL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

BEL Shareholding Pattern

BEL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding51.14%14.28%5.72%19.50%9.37%

Jun 2025

Sep 2025

Dec 2025

Mar 2026

BEL Shareholding History

BEL Shareholding History

Dec '24MarJunSepDec '25Mar17.35%17.56%18.56%18.15%18.51%19.50%

Mutual Funds Invested in BEL

Mutual Funds Invested in BEL

No mutual funds holding trends are available

Top 5 Mutual Funds holding Bharat Electronics Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
1.0168%5.51%-0.63%1/61 (+1)
0.5270%14.86%-3.84%1/25 (0)
0.4646%2.13%-0.29%12/69 (-5)

Compare 3-month MF holding change on Screener

BEL Insider Trades & Bulk Stock Deals

BEL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing BEL stock

smallcases containing BEL stock

Looks like this stock is not in any smallcase yet.

BEL Events

BEL Events

BEL Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

BEL has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.60%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹6.03 every year

Dividends

Corp. Actions

Announcements

Legal Orders

BEL Dividend Trend

Increasing Dividends
Dividends are the portion of earnings that a company distributes to all its shareholders every year

BEL has increased dividends consistently over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.60%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹6.03 every year

BEL Upcoming Dividends

BEL Upcoming Dividends

No upcoming dividends are available

BEL Past Dividends

BEL Past Dividends

Cash Dividend

Ex DateEx DateMar 6, 2026

Interim
Interim | Div/Share: ₹1.95

Dividend/Share

1.95

Ex DateEx Date

Mar 6, 2026

Cash Dividend

Ex DateEx DateAug 14, 2025

Final
Final | Div/Share: ₹0.90

Dividend/Share

0.90

Ex DateEx Date

Aug 14, 2025

Cash Dividend

Ex DateEx DateMar 11, 2025

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Mar 11, 2025

Cash Dividend

Ex DateEx DateAug 14, 2024

Final
Final | Div/Share: ₹0.80

Dividend/Share

0.80

Ex DateEx Date

Aug 14, 2024

Cash Dividend

Ex DateEx DateMar 22, 2024

Interim 2
Interim 2 | Div/Share: ₹0.70

Dividend/Share

0.70

Ex DateEx Date

Mar 22, 2024

BEL Stock News & Opinions

BEL Stock News & Opinions

Spotlight
Spotlight
BEL bags additional orders worth Rs 1,081 crore

The company said the major orders include communication equipment, radars, CBRN protection systems, seekers, avionics, upgrades, spares, services and other related equipment. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. The company reported a 4.61% jump in consolidated net profit to Rs 2,225.22 crore on an 11.74% rise in revenue from operations to Rs 10,224.43 crore in Q4 FY26 over Q4 FY25. Shares of Bharat Electronics shed 0.42% to Rs 429.65 on the BSE.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Corporate
Bharat Electronics wins orders worth Rs 1,081 cr

Bharat Electronics has secured additional orders worth Rs.1,081 crore since the last disclosure on 25 May 2026. Major orders received include communication equipment, radars, CBRN protection system, seekers, avionics, upgrades, spares, services etc.

2 weeks agoCapital Market - Live
Spotlight
Spotlight
BEL bags additional orders worth Rs 608 crore

The company said the major orders include communication equipment, avionics, information fusion centres, coastal surveillance radar systems, seekers, jammers, tank subsystems, laser-based fuzes, simulators, medical electronics, batteries, spares and related services. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. The company reported a 4.61% jump in consolidated net profit to Rs 2,225.22 crore on an 11.74% rise in revenue from operations to Rs 10,224.43 crore in Q4 FY26 over Q4 FY25. The counter rose 1.25% to Rs 421.75 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
Bharat Electronics secures new orders worth Rs 608 cr

Bharat Electronics has secured new orders worth Rs. 608 crore. Major orders received include communication equipment, avionics, information fusion centre, coastal surveillance radar system, seekers, jammers, tank sub systems, laser based fuzes, simulators, medical electronics, batteries, spares, services etc

1 month agoCapital Market - Live
Corporate
Corporate
Board of Bharat Electronics recommends final dividend

Bharat Electronics announced that the Board of Directors of the Company at its meeting held on 19 May 2026, inter alia, have recommended the final dividend of Rs 0.55 per equity Share (i.e. 55%) , subject to the approval of the shareholders.

1 month agoCapital Market - Live
Earnings
Earnings
Bharat Electronics consolidated net profit rises 4.62% in the March 2026 quarter

Net profit of Bharat Electronics rose 4.62% to Rs 2225.22 crore in the quarter ended March 2026 as against Rs 2127.04 crore during the previous quarter ended March 2025. Sales rose 11.75% to Rs 10224.43 crore in the quarter ended March 2026 as against Rs 9149.59 crore during the previous quarter ended March 2025. For the full year,net profit rose 13.92% to Rs 6062.00 crore in the year ended March 2026 as against Rs 5321.44 crore during the previous year ended March 2025. Sales rose 16.16% to Rs 27610.11 crore in the year ended March 2026 as against Rs 23768.75 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales10224.439149.59 12 27610.1123768.75 16 OPM %29.1630.78 -29.1528.75 - PBDT3090.293004.84 3 8608.637566.38 14 PBT2917.342867.26 2 8052.967099.00 13 NP2225.222127.04 5 6062.005321.44 14 Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Spotlight
Bharat Electronics Q4 PAT jumps 5% YoY to Rs 2,225 cr

Profit before tax stood at Rs 2,917.34 crore in the fourth quarter of FY26, registering a growth of 1.74% on YoY basis. Total expenses rose 14.51% YoY to Rs 7,417.34 crore in the March 2026 quarter. The cost of materials consumed stood at Rs 4,793.87 crore (up 8.23%) while employee benefits expenses were at Rs 831.42 crore (up 8.52% YoY) during the period under review. The company's order book position stood at Rs 73,882 crore as of 1st April 2026. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. Shares of Bharat Electronics shed 0.83% to end at Rs 423.15 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
Bharat Electronics to hold board meeting

Bharat Electronics will hold a meeting of the Board of Directors of the Company on 19 May 2026.

2 months agoCapital Market - Live
Spotlight
Spotlight
BEL bags Rs 1,251-cr defence contract to supply indigenous GBMES system to Indian Army

The GBMES is a fully indigenous, state-of-the-art system designed and developed by DLRL Hyderabad and manufactured by BEL. The networked intelligence platform is capable of detecting, classifying, and locating all types of radars, while also intercepting and analysing communication signals. The system is aimed at significantly enhancing situational awareness and strengthening the country's air defence capabilities. Bharat Electronics (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. The company's standalone net profit jumped 20.81% to Rs 1,590.06 crore on a 23.72% rise in revenue from operations to Rs 7,121.98 crore in Q3 FY26 over Q3 FY25. Shares of Bharat Electronics rose 0.63% to Rs 436.45 on the BSE. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Corporate
Bharat Electronics announces cessation of director

Bharat Electronics announced the cessation of Lt. General Vishwambhar Singh (Retd.), Non-official Director (Independent Director) (DIN: 09461326) with effect from 23 April 2026.

2 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Bharat Electronics Ltd (BEL) today?

    The share price of BEL as on 10th July 2026 is ₹414.85. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Bharat Electronics Ltd (BEL) share?

    The past returns of Bharat Electronics Ltd (BEL) share are
    • Past 1 week: -1.12%
    • Past 1 month: 0.35%
    • Past 3 months: -6.24%
    • Past 6 months: -0.68%
    • Past 1 year: 0.33%
    • Past 3 years: 237.28%
    • Past 5 years: 576.97%

  3. What are the peers or stocks similar to Bharat Electronics Ltd (BEL)?
  4. What is the dividend yield % of Bharat Electronics Ltd (BEL) share?

    The current dividend yield of Bharat Electronics Ltd (BEL) is 0.60.

  5. What is the market cap of Bharat Electronics Ltd (BEL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Bharat Electronics Ltd (BEL) is ₹303246.17 Cr as of 10th July 2026.

  6. What is the 52 week high and low of Bharat Electronics Ltd (BEL) share?

    The 52-week high of Bharat Electronics Ltd (BEL) is ₹473.45 and the 52-week low is ₹361.20.

  7. What is the PE and PB ratio of Bharat Electronics Ltd (BEL) stock?

    The P/E (price-to-earnings) ratio of Bharat Electronics Ltd (BEL) is 50.02. The P/B (price-to-book) ratio is 15.17.

  8. Which sector does Bharat Electronics Ltd (BEL) belong to?

    Bharat Electronics Ltd (BEL) belongs to the Information Technology sector & Electronic Equipments sub-sector.

  9. How to buy Bharat Electronics Ltd (BEL) shares?

    You can directly buy Bharat Electronics Ltd (BEL) shares on Tickertape. Simply sign up, connect your demat account and place your order.