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SENSEX-40.28
84,233.64-0.05%

Bharat Electronics Ltd. (Industry - Defence)

437.6 0.45 (0.10%)

Market Cap
₹ 3,19,875.93 Cr.
P/E Ratio
53.94
Current Price
₹ 437.6
Open
₹ 437.6
High
₹ 439
Prev Close
₹ 437.15
Quantity Traded
2,89,341
52 High
₹ 453.4
52 Low
₹ 244.55
Dividend Yield
0.55%
EBITDA Margin
31.39%
ROE
29.69%
Book Value
₹ 31.3
Face Value
₹ 1

Shareholding

Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters51.1451.1451.1451.1451.14
Mutual Funds UTI20.4820.8920.6020.8820.94
FII/Banks18.5118.1418.5617.5517.34
Others9.879.839.7010.4310.58

Quarterly Results

(All figures In ₹ Cr.)Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Trend 2024-25
Sales8,528.544,198.774,583.415,756.129,119.714,416.835,763.657,121.98
Other Income220.52201.5166.83205.08194.18163.62159.1159.52
Operating Profit2,500.471,138.241,555.361,858.382,983.21,403.561,854.422,277.16
Interest3.931.181.321.315.81.441.652.03
Depreciation110.9399.72103.16102.92129.78112.88118.47127.45
Taxation602.09261.2359.61438.09742.84320.11448.17557.62
Net Profit / Loss1,783.52776.141,091.271,316.062,104.78969.131,286.131,590.06

Annual Results

(All figures In ₹ Cr.)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Trend 2021-25
Sales14,063.8315,313.7617,646.220,169.3923,658.01
Other Income154.76255.86452.94936.33922.27
Operating Profit3,310.363,546.254,411.215,758.577,537.71
Interest9.228.2718.4611.5812.14
Depreciation366.33380.18407.87412.43435.58
Taxation869.39808.87978.211,314.561,801.74
Net Profit / Loss2,065.422,348.933,006.674,0205,288.25

Cash Flow

(All figures In ₹ Cr.)Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Trend 2021-25
Cash from Operating Activity5,103.464,161.161,086.554,648.01480.41
Cash from Investing Activity-2,568.59-4,860.562,800.1-5,888.85748.41
Cash from Financing Activity-1,075.44-1,077.21-1,261.51-1,474.34-1,696.14
Net Cash Flow1,459.43-1,776.612,625.14-2,715.18-467.32

Balance Sheet

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Trend 2021-25
Share Capital243.66243.66730.98730.98730.98
Reserve10,564.2311,740.612,851.0115,351.4118,966.7
Borrowings------
Other Liabilities24,913.0530,238.431,383.4533,498.729,552.2
Total Liabilities12,288.4313,917.9114,545.6717,165.5720,719.57
Fixed Assets2,479.952,523.562,672.132,758.893,173.06
CWIP736.25859841.27891.071,043.61
Investments1,796.872,289.451,134.351,040.341,040.08
Other Assets543.02205.43284.96541.06470.66
Total Assets12,288.4313,917.9114,545.6717,165.5720,719.57

Financial Ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Trend 2018-25
Total Debt Mcap---------
EPS Growth-17.1237.73-6.9215.1413.73-57.3333.731.55
EV_EBITA4.932.221.581.562.7114.3523.6727.96
EBIT_Margin18.7722.4919.2420.9320.6622.6926.5130.02
PAT_Margin13.4515.9513.8814.6815.3317.0419.9322.35
ROA8.0610.128.277.947.658.9210.9913.48

Peer Companies

Company
Market Cap (₹Cr.)
CMP (₹)
% Change
52 Week H/L
Book Value (₹)
PE (x)
3,19,875.92
437.6
(0.10%)
453.4 / 244.55
31.3
53.88
2,76,347.85
4,132.15
(-0.89%)
5,126.95 / 3,086.55
552.69
33.08
47,018.97
1,282.7
(-1.37%)
2,015.6 / 974.8
116.62
82.20
15,854.38
2,831.95
(-0.30%)
3,171.15 / 1,411.9
285.1
64.37
12,101.62
1,340.3
(0.86%)
2,229.8 / 971.5
200.06
42.05
8,523.69
897.75
(-1.75%)
1,179.7 / 605.1
120.88
57.61
5,523.65
1,299.15
(5.00%)
1,764.15 / 695.4
93.94
50.99
5,309.9
658.9
(-1.20%)
933.5 / 417.43
81.28
75.16
5,062.29
995.4
(0.32%)
1,365.85 / 840.45
106.29
63.29
4,104.42
154.5
(2.23%)
211.35 / 101.6
12.93
245.07

Broker Report

Tips
(Reco Date)
Reco Price
Target Price
CMP
(Returns)
Broker / Analyst
Investment Logic
BUY
(29 Jan 2026)
445
530
437.6
(-1.66%)
ICICI Securities
NA
(29 Jan 2026)
453
411
437.6
(NA%)
Prabhudas Lilladher Pvt. Ltd.
BUY
(29 Jan 2026)
453
550
437.6
(-3.40%)
Choice Equity Broking Pvt. Ltd.
NA
(29 Jan 2026)
453
485
437.6
(NA%)
Elara Securities (India) Private Limited
BUY
(28 Jan 2026)
453
520
437.6
(-3.40%)
Motilal Oswal Financial Services Ltd.
BUY
(29 Sep 2025)
396
490
437.6
(10.51%)
Motilal Oswal Securities
BUY
(31 Jul 2025)
383
450
437.6
(14.26%)
ICICI Securities
BUY
(30 Jul 2025)
387
490
437.6
(13.07%)
Motilal Oswal Securities
BUY
(18 Jun 2025)
401
445
437.6
(9.13%)
Sharekhan
BUY
(20 May 2025)
364
410
437.6
(20.22%)
Motilal Oswal Securities

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