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Bharat Electronics Ltd.

BEL BSE Capital Goods Industrials

Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. The company's defense products include defense communication products, land-โ€ฆ

ISIN INE263A01024
Listed โ€”
Quarters tracked 13
Filings 20 docs

About

Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. The company's defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, upgrades, shelters and masts, simulators, batteries, components and devices, fuzes and unmanned systems; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and micro-electro mechanical systems, such as pressure transducers, and conductivity temperature and depth sensors. Its non-defense products comprise e-governance systems, homeland security products, civilian radars, and telecom and broadcast systems; integrated traffic management systems, real time train information systems, and solar power solutions; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, and multichannel voice logging recorder systems. It also provides electronic manufacturing services, including PCB assembly and testing, precision fabrication, microwave integrated circuit assemblies, super components modules, cable assemblies, and antennae manufacturing services; designs and manufactures transformers, coils, chokes, and sub-assemblies; and software services. In addition, the company offers cyber security products, such as data diodes and secure storage products; EV charging stations; and platform screen doors. Further, the company provides security architecture conceptualization and consulting, and information security audit services. It exports its products to the United States, France, Spain, the United Kingdom, Mauritius, Seychelles, Mauritius, the Republic of Armenia, Sri Lanka, Sweden, and Israel. Bharat Electronics Limited was incorporated in 1954 and is headquartered in Bengaluru, India.

Key Metrics

as of Sep 2026
Market Cap296,302 Cr
P/E48.20
Div Yield0.62 %
Book Valueโ‚น32.80
52w Highโ‚น473.00
52w Lowโ‚น370.00
Face Valueโ‚น1.00

Quarterly Results

Rs. Crores ยท hover row for definition
Metric Jun 2026 Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023
Sales 5,547.00 10,224.00 7,154.00 5,792.00 4,440.00 9,150.00 5,771.00 4,605.00 4,244.00 8,564.00 4,162.00 4,009.00 3,533.00
Expenses 4,159.00 7,243.00 5,027.00 4,090.00 3,201.00 6,334.00 4,101.00 3,205.00 3,295.00 6,277.00 3,090.00 2,995.00 2,860.00
Operating Profit 1,388.00 2,982.00 2,127.00 1,702.00 1,238.00 2,816.00 1,669.00 1,400.00 948.00 2,287.00 1,072.00 1,014.00 673.00
OPM % 25.00 29.00 30.00 29.00 28.00 31.00 29.00 30.00 22.00 27.00 26.00 25.00 19.00
Other Income 170.00 110.00 139.00 154.00 163.00 195.00 186.00 158.00 204.00 225.00 167.00 137.00 140.00
Depreciation 161.00 173.00 135.00 126.00 121.00 138.00 111.00 111.00 108.00 119.00 107.00 108.00 109.00
Interest 1.00 2.00 2.00 2.00 1.00 6.00 1.00 1.00 1.00 4.00 1.00 2.00 1.00
Profit before tax 1,396.00 2,917.00 2,128.00 1,728.00 1,279.00 2,867.00 1,744.00 1,445.00 1,043.00 2,390.00 1,132.00 1,041.00 703.00
Tax % 25.00 24.00 26.00 26.00 25.00 26.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00
Net Profit 1,055.00 2,226.00 1,580.00 1,287.00 969.00 2,127.00 1,312.00 1,093.00 791.00 1,797.00 860.00 790.00 539.00
EPS in Rs 1.44 3.04 2.16 1.76 1.33 2.91 1.79 1.49 1.08 2.46 1.18 1.08 0.74

Profit & Loss

Annual ยท Rs. Crores
Metric Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Sales 27,610.0023,769.0020,268.0017,734.0015,368.0014,109.0012,968.0012,164.0010,401.008,656.007,354.007,093.00
Expenses 19,557.0016,932.0015,217.0013,645.0012,024.0010,895.0010,209.009,255.008,361.006,864.005,961.005,913.00
Operating Profit 8,053.006,837.005,051.004,090.003,344.003,214.002,759.002,909.002,039.001,792.001,393.001,179.00
OPM % 29.0029.0025.0023.0022.0023.0021.0024.0020.0021.0019.0017.00
Other Income 566.00742.00670.00281.00232.00125.0099.0073.00196.00420.00573.00507.00
Interest 10.0013.0012.0019.009.0010.008.0016.006.0018.0010.007.00
Depreciation 556.00467.00443.00429.00401.00387.00372.00338.00272.00212.00192.00166.00
Profit before tax 8,053.007,099.005,266.003,923.003,166.002,942.002,478.002,628.001,957.001,983.001,764.001,513.00
Tax % 25.0026.0025.0025.0026.0030.0028.0030.0028.0024.0024.0021.00
Net Profit 6,062.005,323.003,985.002,986.002,400.002,100.001,825.001,887.001,431.001,523.001,337.001,197.00
EPS in Rs 8.297.285.454.083.282.872.502.581.962.071.691.51
Dividend Payout % 30.0033.0040.0044.0046.0046.0037.0044.0034.0033.0031.0020.00

Balance Sheet

Annual ยท Rs. Crores โ€” latest first
Metric Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Equity Capital 731.00731.00731.00731.00244.00244.00244.00244.00244.00223.00240.0080.00
Reserves 23,257.0019,243.0015,595.0013,131.0012,042.0010,816.009,828.008,968.007,772.007,512.009,006.008,037.00
Borrowings 65.0061.0063.0061.0053.003.008.0034.0080.0064.0028.0025.00
Other Liabilities 20,473.0020,788.0023,136.0021,567.0021,574.0018,430.0014,271.0011,575.0010,868.009,800.009,330.007,587.00
Total Liabilities 44,527.0040,824.0039,524.0035,490.0033,912.0029,492.0024,351.0020,821.0018,965.0017,600.0018,605.0015,729.00
Fixed Assets 4,121.003,419.003,035.002,963.002,675.002,652.002,713.002,298.001,839.001,501.001,232.001,073.00
CWIP 731.001,052.00894.00855.001,006.00883.00828.00849.00940.00743.00430.00140.00
Investments 800.00743.00682.00650.001,572.001,306.001,110.00964.00937.00491.00462.000.00
Other Assets 38,876.0035,610.0034,913.0031,022.0028,659.0024,651.0019,700.0016,710.0015,248.0014,865.0016,481.0014,516.00
Total Assets 44,527.0040,824.0039,524.0035,490.0033,912.0029,492.0024,351.0020,821.0018,965.0017,600.0018,605.0015,729.00

Cash Flows

Annual ยท Rs. Crores โ€” latest first
Metric Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Cash from Operating Activity 1,541.00564.004,659.001,199.004,207.005,093.002,570.001,514.00-687.00-61.002,260.001,434.00
Cash from Investing Activity 1,730.00639.00-5,924.002,708.00-4,872.00-2,595.00-649.00-896.00-6.003,115.00-1,470.00-839.00
Cash from Financing Activity -2,097.00-1,696.00-1,475.00-1,262.00-1,078.00-1,076.00-1,061.00-663.00-1,202.00-2,857.00-318.00-209.00
Net Cash Flow 1,175.00-493.00-2,739.002,645.00-1,742.001,422.00861.00-45.00-1,895.00197.00472.00386.00
Free Cash Flow 560.00-444.004,015.00611.003,660.004,625.001,825.00785.00-1,492.00-853.001,607.001,208.00
CFO/OP % 44.0033.00120.0055.00150.00175.00114.0079.000.0033.00193.00152.00

Ratios

Annual ยท Days / % โ€” latest first
Metric Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Debtor Days 170.00140.00133.00145.00145.00170.00189.00161.00176.00184.00185.00196.00
Inventory Days 265.00273.00257.00240.00230.00233.00204.00275.00305.00407.00401.00321.00
Days Payable 93.00100.00128.00124.00139.00155.00126.0089.0091.00108.00112.00111.00
Cash Conversion Cycle 342.00313.00262.00261.00237.00248.00267.00347.00390.00483.00473.00406.00
Working Capital Days 135.0085.0018.0028.004.0047.00119.00134.00125.0063.008.0052.00
ROCE % 36.0039.0035.0030.0027.0028.0026.0030.0025.0023.0020.0020.00

Shareholding Pattern

% holding โ€” latest first
Holder Jun 2026 Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023
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 18.02 19.51 18.51 18.14 18.56 17.55 17.34 17.27 17.43 17.56 17.77 17.19
DIIs 21.02 20.00 20.47 20.88 20.60 20.87 20.94 20.22 20.62 22.63 23.37 24.19
Public 9.82 9.37 9.87 9.84 9.70 10.43 10.58 11.37 10.82 8.66 7.72 7.49
No. of Shareholders 2,604,298 2,530,896 2,543,622 2,498,588 2,542,378 2,678,435 2,653,676 2,772,002 2,518,663 1,364,873 1,098,228 974,782

Corporate Actions

50 records
ActionEx DateRecord DateRatioAmount (โ‚น)Notes
Dividend 13 Aug 2026 13 Aug 2026 โ€” 0.55
Dividend 06 Mar 2026 06 Mar 2026 โ€” 1.95
Dividend 14 Aug 2025 14 Aug 2025 โ€” 0.90
Dividend 11 Mar 2025 11 Mar 2025 โ€” 1.50
Dividend 14 Aug 2024 โ€” โ€” 0.80
Dividend 22 Mar 2024 23 Mar 2024 โ€” 0.70
Dividend 09 Feb 2024 10 Feb 2024 โ€” 0.70
Dividend 17 Aug 2023 โ€” โ€” 0.60
Dividend 24 Mar 2023 25 Mar 2023 โ€” 0.60
Dividend 10 Feb 2023 10 Feb 2023 โ€” 0.60
Bonus 15 Sep 2022 16 Sep 2022 2:1 โ€”
Dividend 08 Aug 2022 โ€” โ€” 1.50
Dividend 24 Mar 2022 26 Mar 2022 โ€” 1.50
Dividend 09 Feb 2022 10 Feb 2022 โ€” 1.50
Dividend 14 Sep 2021 โ€” โ€” 1.20
Dividend 23 Mar 2021 24 Mar 2021 โ€” 1.40
Dividend 08 Feb 2021 09 Feb 2021 โ€” 1.40
Dividend 15 Sep 2020 โ€” โ€” 1.40
Dividend 11 Feb 2020 12 Feb 2020 โ€” 1.40
Dividend 20 Aug 2019 โ€” โ€” 1.70
Dividend 27 Mar 2019 28 Mar 2019 โ€” 0.70
Dividend 19 Mar 2019 20 Mar 2019 โ€” 0.70
Dividend 08 Feb 2019 11 Feb 2019 โ€” 0.30
Dividend 20 Aug 2018 โ€” โ€” 0.40
Dividend 08 Feb 2018 09 Feb 2018 โ€” 1.60
Other 08 Feb 2018 09 Feb 2018 โ€” โ€” Buy Back of Shares
Other 08 Feb 2018 09 Feb 2018 โ€” โ€” Buyback
Bonus 28 Sep 2017 29 Sep 2017 1:10 โ€”
Dividend 14 Aug 2017 โ€” โ€” 1.05
Dividend 29 Mar 2017 30 Mar 2017 โ€” 0.90
Split 16 Mar 2017 17 Mar 2017 10:1 โ€”
Dividend 02 Feb 2017 04 Feb 2017 โ€” 3.00
Other 26 Sep 2016 27 Sep 2016 โ€” โ€” Buy Back of Shares
Other 26 Sep 2016 27 Sep 2016 โ€” โ€” Buy Back Of Share
Dividend 18 Aug 2016 โ€” โ€” 14.50
Dividend 04 Feb 2016 05 Feb 2016 โ€” 2.50
Bonus 14 Sep 2015 15 Sep 2015 2:1 โ€”
Dividend 10 Aug 2015 โ€” โ€” 23.20
Dividend 28 Jan 2015 29 Jan 2015 โ€” 6.00
Dividend 12 Sep 2014 โ€” โ€” 17.30
Dividend 29 Jan 2014 30 Jan 2014 โ€” 6.00
Dividend 06 Sep 2013 โ€” โ€” 16.30
Dividend 30 Jan 2013 31 Jan 2013 โ€” 6.00
Dividend 07 Sep 2012 โ€” โ€” 10.80
Dividend 01 Feb 2012 02 Feb 2012 โ€” 10.00
Dividend 13 Sep 2011 โ€” โ€” 15.60
Dividend 02 Feb 2011 03 Feb 2011 โ€” 6.00
Dividend 13 Sep 2010 โ€” โ€” 13.20
Dividend 03 Feb 2010 04 Feb 2010 โ€” 6.00
Dividend 14 Sep 2009 โ€” โ€” 12.70

Announcements

5 filings