Bharat Electronics Ltd
Bharat Electronics Ltd (BEL) last reported results for the quarter ended Jun 2026, with sales of ₹5,547 crore and net profit of ₹1,055 crore. The stock last traded at ₹368, a market capitalisation of ₹2,69,256 crore, on a P/E of 43.8. Over the past 52 weeks the stock has ranged between ₹360 and ₹473. Figures are as of 9 Oct 2026 and are not real time.
Bharat Electronics Ltd share price and key metrics
- Current price
- ₹368
- Market cap
- ₹2,69,256 cr
- Stock P/E
- 43.8
- Book value
- ₹32.8
- ROE
- 27.4%
- ROCE
- 36.4%
- Dividend yield
- 0.68%
- 52w high / low
- 473/360
Metrics as of 9 Oct 2026. Not real time.
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Bharat Electronics Ltd growth and returns
- 10 Years
- 14%
- 5 Years
- 14%
- 3 Years
- 16%
- TTM
- 20%
- 10 Years
- 16%
- 5 Years
- 24%
- 3 Years
- 27%
- TTM
- 12%
- 10 Years
- 25%
- 5 Years
- 41%
- 3 Years
- 38%
- 1 Year
- -10%
- 10 Years
- 24%
- 5 Years
- 26%
- 3 Years
- 28%
- Last Year
- 27%
Bharat Electronics Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹5,547 cr, up 24.9% from ₹4,440 cr a year earlier. Net profit was ₹1,055 cr, up 8.9% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,605 | 5,771 | 9,150 | 4,440 | 5,792 | 7,154 | 10,224 | 5,547 |
| Expenses | 3,205 | 4,101 | 6,334 | 3,201 | 4,090 | 5,027 | 7,243 | 4,159 |
| Operating profit | 1,400 | 1,669 | 2,816 | 1,238 | 1,702 | 2,127 | 2,982 | 1,388 |
| OPM % | 30% | 29% | 31% | 28% | 29% | 30% | 29% | 25% |
| Other income | 158 | 186 | 195 | 163 | 154 | 139 | 110 | 170 |
| Interest | 1 | 1 | 6 | 1 | 2 | 2 | 2 | 1 |
| Depreciation | 111 | 111 | 138 | 121 | 126 | 135 | 173 | 161 |
| Profit before tax | 1,445 | 1,744 | 2,867 | 1,279 | 1,728 | 2,128 | 2,917 | 1,396 |
| Tax % | 25% | 25% | 26% | 25% | 26% | 26% | 24% | 25% |
| Net profit | 1,093 | 1,312 | 2,127 | 969 | 1,287 | 1,580 | 2,226 | 1,055 |
| EPS (₹) | 1.49 | 1.79 | 2.91 | 1.33 | 1.76 | 2.16 | 3.04 | 1.44 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Bharat Electronics Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,656 | 10,401 | 12,164 | 12,968 | 14,109 | 15,368 | 17,734 | 20,268 | 23,769 | 27,610 | 28,717 |
| Operating profit | 1,792 | 2,039 | 2,909 | 2,759 | 3,214 | 3,344 | 4,090 | 5,051 | 6,837 | 8,053 | 8,199 |
| OPM % | 21% | 20% | 24% | 21% | 23% | 22% | 23% | 25% | 29% | 29% | 29% |
| Net profit | 1,523 | 1,431 | 1,887 | 1,825 | 2,100 | 2,400 | 2,986 | 3,985 | 5,323 | 6,062 | 6,148 |
| EPS (₹) | 2.07 | 1.96 | 2.58 | 2.50 | 2.87 | 3.28 | 4.08 | 5.45 | 7.28 | 8.29 | 8.40 |
TTM is the trailing twelve months to the most recent quarter.
Bharat Electronics Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 223 | 244 | 244 | 244 | 244 | 244 | 731 | 731 | 731 | 731 |
| Reserves | 7,512 | 7,772 | 8,968 | 9,828 | 10,816 | 12,042 | 13,131 | 15,595 | 19,243 | 23,257 |
| Borrowings | 64 | 80 | 34 | 8 | 3 | 53 | 61 | 63 | 61 | 65 |
| Other liabilities | 9,800 | 10,868 | 11,575 | 14,271 | 18,430 | 21,574 | 21,567 | 23,136 | 20,788 | 20,473 |
| Total liabilities | 17,600 | 18,965 | 20,821 | 24,351 | 29,492 | 33,912 | 35,490 | 39,524 | 40,824 | 44,527 |
| Fixed assets | 1,501 | 1,839 | 2,298 | 2,713 | 2,652 | 2,675 | 2,963 | 3,035 | 3,419 | 4,121 |
| CWIP | 743 | 940 | 849 | 828 | 883 | 1,006 | 855 | 894 | 1,052 | 731 |
| Investments | 491 | 937 | 964 | 1,110 | 1,306 | 1,572 | 650 | 682 | 743 | 800 |
| Other assets | 14,865 | 15,248 | 16,710 | 19,700 | 24,651 | 28,659 | 31,022 | 34,913 | 35,610 | 38,876 |
| Total assets | 17,600 | 18,965 | 20,821 | 24,351 | 29,492 | 33,912 | 35,490 | 39,524 | 40,824 | 44,527 |
As reported by the company. Total assets equal total liabilities by construction.
Bharat Electronics Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -61 | -687 | 1,514 | 2,570 | 5,093 | 4,207 | 1,199 | 4,659 | 564 | 1,541 |
| Cash from investing | 3,115 | -6 | -896 | -649 | -2,595 | -4,872 | 2,708 | -5,924 | 639 | 1,730 |
| Cash from financing | -2,857 | -1,202 | -663 | -1,061 | -1,076 | -1,078 | -1,262 | -1,475 | -1,696 | -2,097 |
| Net cash flow | 197 | -1,895 | -45 | 861 | 1,422 | -1,742 | 2,645 | -2,739 | -493 | 1,175 |
| Free cash flow | -853 | -1,492 | 785 | 1,825 | 4,625 | 3,660 | 611 | 4,015 | -444 | 560 |
| CFO / operating profit | 33% | -0% | 79% | 114% | 175% | 150% | 55% | 120% | 33% | 44% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Bharat Electronics Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 23% | 25% | 30% | 26% | 28% | 27% | 30% | 35% | 39% | 36% |
| Debtor days | 184 | 176 | 161 | 189 | 170 | 145 | 145 | 133 | 140 | 170 |
| Inventory days | 407 | 305 | 275 | 204 | 233 | 230 | 240 | 257 | 273 | 265 |
| Days payable | 108 | 91 | 89 | 126 | 155 | 139 | 124 | 128 | 100 | 93 |
| Cash conversion cycle | 483 | 390 | 347 | 267 | 248 | 237 | 261 | 262 | 313 | 342 |
| Working capital days | 63 | 125 | 134 | 119 | 47 | 4 | 28 | 18 | 85 | 135 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Bharat Electronics Ltd shareholding pattern
Promoters held 51.14% at Jun 2026, broadly unchanged since Jun 2025. FIIs 18.02% and DIIs 21.02%.
| % held | 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% |
| FIIs | 17.27% | 17.34% | 17.55% | 18.56% | 18.14% | 18.51% | 19.51% | 18.02% |
| DIIs | 20.22% | 20.94% | 20.87% | 20.60% | 20.88% | 20.47% | 20.00% | 21.02% |
| Public | 11.37% | 10.58% | 10.43% | 9.70% | 9.84% | 9.87% | 9.37% | 9.82% |
| No. of shareholders | 27,72,002 | 26,53,676 | 26,78,435 | 25,42,378 | 24,98,588 | 25,43,622 | 25,30,896 | 26,04,298 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Bharat Electronics Ltd corporate filings
- Bharat Electronics Ltd announces ESG rating update on 2026-09-30Company Updatelow impact
Cruxal's analysis: Bharat Electronics Ltd, a large-cap defense electronics company with a market cap of…
Read the full analysis - Intimation of Closure of Trading Window.Insider Trading / SASTlow impact
- Bharat Electronics Limited secures new defence orders worth 648 croreCompany Updatemedium impact
Cruxal's analysis: Bharat Electronics Limited (BEL) has announced the receipt of additional orders valued at…
Read the full analysis - Bharat Electronics Limited appoints M/s Rao & Emmar as Statutory Auditors for FY 2026-27Company Updatelow impact
Cruxal's analysis: Bharat Electronics Limited has formally announced the appointment of M/s Rao & Emmar, a…
Read the full analysis - Bharat Electronics Limited (BEL) Announces Payment Date for Final Dividend of 0.55 INR per Share for FY 2025-26 Corp Actionlow impact
Cruxal's analysis: Bharat Electronics Limited has formally notified the stock exchanges that the final…
Read the full analysis - Bharat Electronics Limited (BEL) Publishes Notice of Loss of Share CertificatesCompany Updatelow impact
Cruxal's analysis: Bharat Electronics Limited has issued a formal notice regarding the loss of share…
Read the full analysis - Bharat Electronics Limited (BEL) Concludes 72nd AGM; Shareholders Approve Financial Statements and Dividend DeclarationAGM/EGMlow impact
Cruxal's analysis: Bharat Electronics Limited has successfully concluded its 72nd Annual General Meeting…
Read the full analysis - Bharat Electronics Limited (BEL) Concludes 72nd AGM; Approves Total Dividend of INR 2.50 per Share and Increase in Authorized Share CapitalAGM/EGMlow impact
Cruxal's analysis: Bharat Electronics Limited has successfully concluded its 72nd Annual General Meeting…
Read the full analysis - Bharat Electronics Limited secures new defence and electronics orders worth 730 croreCompany Updatemedium impact
Cruxal's analysis: Bharat Electronics Limited (BEL) has announced the receipt of additional orders valued at…
Read the full analysis - Bharat Electronics Limited (BEL) Issues Addendum to 72nd AGM Notice Regarding Director AppointmentsCompany Updatelow impact
Cruxal's analysis: Bharat Electronics Limited (BEL) has issued an addendum to the notice of its 72nd Annual…
Read the full analysis - Bharat Electronics Limited (BEL) Announces Addendum to 72nd AGM Notice for Appointment of New DirectorsAGM/EGMlow impact
Cruxal's analysis: Bharat Electronics Limited has issued an addendum to its 72nd Annual General Meeting…
Read the full analysis - Bharat Electronics Limited appoints Shri Partha Pratim Pathak as Independent DirectorCompany Updatelow impact
Cruxal's analysis: Bharat Electronics Limited (BEL) has announced the appointment of Shri Partha Pratim…
Read the full analysis - Bharat Electronics Limited (BEL) Announces Appointment of New Directors for HR and MarketingCompany Updatelow impact
Cruxal's analysis: Bharat Electronics Limited has officially appointed Shri Ambrish Tripathi as Director…
Read the full analysis - Bharat Electronics Limited secures new defence orders worth 541 croreCompany Updatemedium impact
Cruxal's analysis: Bharat Electronics Limited (BEL) has announced the receipt of additional orders valued at…
Read the full analysis - Bharat Electronics Ltd announces record date for corporate actionCorp. Actionlow impact
Cruxal's analysis: Bharat Electronics Ltd has issued a notice regarding a record date for an upcoming…
Read the full analysis - Bharat Electronics Ltd releases Integrated Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Bharat Electronics Ltd has filed its Integrated Annual Report for the financial year…
Read the full analysis - Bharat Electronics Limited Announces 72nd AGM and Integrated Annual Report for FY 2025-26AGM/EGMlow impact
Cruxal's analysis: Bharat Electronics Limited has issued a notice for its 72nd Annual General Meeting to be…
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