Bharat Electronics Ltd.
NSE: BEL · Aerospace & Defense
Snapshot
Unlock Bharat Electronics Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bharat Electronics Limited (BEL) is a premier Indian public sector enterprise that designs, manufactures, and supplies advanced electronic equipment and systems for defense and civilian applications. Its portfolio spans radar, weapon systems, electronic warfare, and avionics, alongside non-defense solutions like e-governance and homeland security.
Business Model
The company generates revenue through the design, development, and manufacturing of high-technology electronic systems and components, supported by long-term defense contracts and civilian infrastructure projects. It also provides specialized electronic manufacturing services, software solutions, and security consulting.
Growth Outlook
Growth is driven by the increasing indigenisation of defense procurement in India and the expansion into emerging civilian sectors such as EV charging infrastructure and cyber security. The company continues to leverage its technical expertise to secure strategic contracts in both domestic and international markets.
Key Risks
- Geopolitical Dependency. The company's revenue is heavily reliant on government defense budgets and policy shifts regarding domestic procurement.
- Technological Obsolescence. Rapid advancements in electronic warfare and defense technology require continuous and significant investment in research and development to remain competitive.
- Supply Chain Vulnerability. Dependence on imported critical components and raw materials may expose the company to global supply chain disruptions and price volatility.
- Project Execution Risk. Delays in the execution of complex, large-scale defense projects can lead to cost overruns and impact the company's financial performance.
Price
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Key Metrics
REVENUE
₹27,610 Cr
TTM · consolidated
NET PROFIT
₹6,062 Cr
TTM · consolidated
EPS
₹8.29
TTM · consolidated
RETURN ON EQUITY
28.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
36.4%
TTM · consolidated
P/E
49.1x
Q4 FY26 · consolidated
EV/EBITDA
34.3x
Q4 FY26 · consolidated
EBITDA MARGIN
31.2%
TTM · consolidated
NET PROFIT MARGIN
21.8%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.0x
Q4 FY26 · consolidated
Peers · Aerospace & Defense
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Bharat Electronics Ltd.BEL | 3,03,867 | 49.11 | 34.32 | 16.2% | 31.2% | 28.9% | 36.4% | +0.2% |
Hindustan Aeronautics Ltd.HAL | 2,45,888 | 32.53 | 21.74 | 6.8% | 40.7% | 25.0% | 17.6% | -9.0% |
Bharat Dynamics Ltd.BDL | 43,188 | 226.31 | 70.20 | -27.0% | 26.5% | 10.3% | 7.6% | -29.9% |
Garden Reach Shipbuilders & Engineers Ltd.GRSE | 24,872 | 39.68 | 27.73 | 38.0% | 15.3% | 33.8% | 43.5% | -1.3% |
Data Patterns (India) Ltd.DATAPATTNS | 18,161 | 78.13 | 52.04 | 44.6% | 43.4% | 19.0% | 25.5% | +43.2% |
Zen Technologies Ltd.ZENTEC | 12,439 | 84.09 | 48.69 | -29.4% | 48.4% | 12.5% | 16.7% | -1.3% |
As of Q4 FY26
Financials
Bharat Electronics Ltd.
NSE: BEL · Aerospace & Defense
Snapshot
Unlock Bharat Electronics Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Bharat Electronics Limited (BEL) is a premier Indian public sector enterprise that designs, manufactures, and supplies advanced electronic equipment and systems for defense and civilian applications. Its portfolio spans radar, weapon systems, electronic warfare, and avionics, alongside non-defense solutions like e-governance and homeland security.
Business Model
The company generates revenue through the design, development, and manufacturing of high-technology electronic systems and components, supported by long-term defense contracts and civilian infrastructure projects. It also provides specialized electronic manufacturing services, software solutions, and security consulting.
Growth Outlook
Growth is driven by the increasing indigenisation of defense procurement in India and the expansion into emerging civilian sectors such as EV charging infrastructure and cyber security. The company continues to leverage its technical expertise to secure strategic contracts in both domestic and international markets.
Key Risks
- Geopolitical Dependency. The company's revenue is heavily reliant on government defense budgets and policy shifts regarding domestic procurement.
- Technological Obsolescence. Rapid advancements in electronic warfare and defense technology require continuous and significant investment in research and development to remain competitive.
- Supply Chain Vulnerability. Dependence on imported critical components and raw materials may expose the company to global supply chain disruptions and price volatility.
- Project Execution Risk. Delays in the execution of complex, large-scale defense projects can lead to cost overruns and impact the company's financial performance.
Price
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Unlock AI insights, financials, peers and live data on Bharat Electronics Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹27,610 Cr
TTM · consolidated
NET PROFIT
₹6,062 Cr
TTM · consolidated
EPS
₹8.29
TTM · consolidated
RETURN ON EQUITY
28.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
36.4%
TTM · consolidated
P/E
49.1x
Q4 FY26 · consolidated
EV/EBITDA
34.3x
Q4 FY26 · consolidated
EBITDA MARGIN
31.2%
TTM · consolidated
NET PROFIT MARGIN
21.8%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.0x
Q4 FY26 · consolidated
Peers · Aerospace & Defense
As of Q4 FY26