Bharat Electronics Ltd.

BSE: BEL500049ISIN INE263A01024

Industrials
Aerospace & Defense
BSE SENSEX

BSE listing

Share price

₹393.65-1.95 (-0.49%)

as of 18 Sep 2026

52W high: ₹473.25
52W low: ₹380.35
Off 52W high: -16.82%
1M return: -3.68%
3M return: -7.84%
6M return: -7.60%
1Y return: -3.95%
20D avg volume: 8,36,371
50 DMA: ₹403.78
200 DMA: ₹418.23

Key ratios Consolidated

Market cap: ₹2,87,749 Cr
Current price: ₹393.65
52W high / low: ₹473.25 / ₹380.35
Face value: ₹1.00
P/E: 46.81
P/B: —
EPS (TTM): ₹8.41
Book value / share: —
ROE: —
ROCE: 31.90%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-1,888 Cr
Interest cover: 1,197.58
Dividend yield: 0.64%
Dividend / share (TTM): ₹2.50
Payout: 29.73%
Cash conversion cycle: 257.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	5,547	10,224	7,154	5,792	4,440	9,150	5,771	4,605	4,244	8,564	4,162	4,009
	169.56	110.25	138.54	153.92	163.32	194.64	186.38	157.76	203.58	225.43	167.42	137.06
	4,320	7,417	5,164	4,218	3,324	6,477	4,213	3,317	3,404	6,399	3,198	3,105
	3,041	4,794	4,113	3,014	1,961	4,429	3,176	2,416	2,556	4,564	2,188	1,930
	279.81	378.67	166.90	103.70	99.15	174.46	103.82	85.25	66.88	177.96	176.07	177.77
	792.84	831.42	819.88	767.77	696.48	766.08	671.97	656.01	666.57	637.39	624.96	598.46
	1.16	1.61	2.03	1.65	1.44	5.86	1.32	1.32	1.18	4.05	0.51	1.51
	160.55	172.95	135.44	126.49	120.79	137.58	110.93	111.19	107.68	118.54	107.46	108.26
	344.77	1,117	382.23	483.60	428.91	818.52	447.88	407.09	313.70	1,229	333.12	352.77
	1,396	2,917	2,128	1,728	1,279	2,867	1,744	1,445	1,043	2,390	1,132	1,041
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1,396	2,917	2,128	1,728	1,279	2,867	1,744	1,445	1,043	2,390	1,132	1,041
	352.35	703.15	558.12	449.53	318.69	746.25	442.35	361.32	261.93	604.41	283.83	260.73
	1,055	2,226	1,580	1,287	969.05	2,127	1,312	1,093	791.28	1,797	860.26	789.71
	1.44	3.04	2.16	1.76	1.33	2.91	1.79	1.50	1.08	2.46	1.17	1.08
Key metrics
	1,558	3,092	2,266	1,856	1,402	3,011	1,856	1,558	1,152	2,513	1,240	1,151
	28.10%	30.20%	31.70%	32.00%	31.60%	32.90%	32.20%	33.80%	27.10%	29.30%	29.80%	28.70%
	19.00%	21.80%	22.10%	22.20%	21.80%	23.20%	22.70%	23.70%	18.60%	21.00%	20.70%	19.70%
	—	11.50%	—	7.60%	—	13.60%	—	—	—	—	—	—
	24.90%	11.70%	24.00%	25.80%	4.60%	6.80%	38.60%	14.90%	—	—	—	—
	8.80%	4.70%	20.40%	17.80%	22.50%	18.40%	52.50%	38.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	28,717	27,610	23,769	20,268	17,734	15,368	14,109	12,968	12,164	10,485
	572.27	566.03	742.36	670.14	280.80	231.54	124.96	99.40	72.99	195.73
	21,120	20,123	17,412	15,672	14,092	12,433	11,292	10,589	9,609	8,724
	14,962	13,882	12,578	10,509	9,393	8,124	6,718	5,897	5,316	4,648
	929.08	748.42	430.41	628.86	827.85	1,053	1,233	950.97	759.06	496.80
	3,212	3,116	2,761	2,489	2,317	2,128	1,956	2,075	1,895	1,788
	6.45	6.73	9.68	7.14	14.95	5.05	6.37	3.60	12.75	2.19
	595.43	555.67	467.38	443.20	428.82	401.13	387.32	371.86	338.13	—
	2,328	2,412	1,987	2,156	1,504	1,002	1,116	1,041	1,418	1,059
	8,170	8,053	7,099	5,266	3,923	3,166	2,942	2,478	2,628	1,957
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	8,170	8,053	7,099	5,266	3,923	3,166	2,942	2,478	2,628	1,957
	2,063	2,029	1,812	1,323	982.56	811.78	872.44	685.77	780.31	549.78
	6,148	6,062	5,323	3,985	2,986	2,400	2,100	1,825	1,887	1,431
	8.40	8.29	7.28	5.45	4.09	9.85	8.62	7.49	7.74	—
Key metrics
	8,772	8,615	7,576	5,717	4,367	3,572	3,335	2,854	2,979	1,959
	30.55%	31.20%	31.90%	28.20%	24.60%	23.20%	23.60%	22.00%	24.50%	18.70%
	21.41%	22.00%	22.40%	19.70%	16.80%	15.60%	14.90%	14.10%	15.50%	13.60%
	—	31.90%	33.70%	—	—	—	—	—	—	—
	—	16.20%	17.30%	14.30%	15.40%	8.90%	8.80%	6.60%	16.00%	—
	—	13.90%	33.60%	33.50%	24.40%	14.30%	15.10%	-3.30%	31.80%	—
	—	556.01	-424.66	—	—	—	—	—	—	—
	—	0.25	0.11	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-1,888	-713.45	—	—	—	—	—	—	—
	—	257.3	228.7	—	—	—	—	—	—	—
Balance sheet
	—	44,538	40,832	—	—	—	—	—	—	—
	—	38,057	34,858	—	—	—	—	—	—	—
	—	1,888	713.45	—	—	—	—	—	—	—
	—	12,876	9,116	—	—	—	—	—	—	—
	—	10,176	9,119	—	—	—	—	—	—	—
	—	5,990	6,481	—	—	—	—	—	—	—
	—	3,482	3,205	—	—	—	—	—	—	—
	—	3,583	3,339	—	—	—	—	—	—	—
	—	19,260	19,753	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	24,007	19,993	—	—	—	—	—	—	—
Cash flow
	—	1,541	586.62	—	—	—	—	—	—	—
	—	1,730	616.94	—	—	—	—	—	—	—
	—	-2,097	-1,696	—	—	—	—	—	—	—
	—	985.36	1,011	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	5,533	10,177	7,122	5,764	4,417	9,120	5,756	4,583	4,199	8,529	4,137	3,993
	167.39	108.15	159.52	159.10	163.62	194.18	205.08	166.83	201.50	220.52	223.15	170.51
	4,298	7,382	5,134	4,188	3,291	6,466	4,207	3,299	3,363	6,363	3,188	3,091
	3,036	4,770	4,094	2,992	1,950	4,429	3,191	2,420	2,521	4,571	2,185	1,925
	279.81	378.67	166.90	103.70	99.15	174.46	103.82	85.25	66.88	177.96	176.07	177.77
	786.44	825.88	813.68	761.16	690.19	758.23	665.32	650.03	660.78	630.00	619.57	593.43
	1.16	1.60	2.03	1.65	1.44	5.80	1.31	1.32	1.18	3.93	0.51	1.51
	152.60	165.13	127.45	118.47	112.88	129.78	102.92	103.16	99.72	110.93	99.80	100.43
	341.66	1,114	379.31	479.25	421.59	816.53	444.70	403.23	—	1,219	330.74	350.35
	1,403	2,904	2,148	1,734	1,289	2,848	1,754	1,451	1,037	2,386	1,172	1,073
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	1,403	2,904	2,148	1,734	1,289	2,848	1,754	1,451	1,037	2,386	1,172	1,073
	354.50	700.66	557.62	448.17	320.11	742.84	438.09	359.61	261.20	602.09	278.96	260.60
	1,048	2,203	1,590	1,286	969.13	2,105	1,316	1,091	776.14	1,784	893.30	812.34
	1.43	3.01	2.17	1.76	1.33	2.87	1.81	1.49	1.06	2.44	1.22	1.11
Key metrics
	1,557	3,071	2,277	1,854	1,404	2,983	1,858	1,555	1,138	2,500	1,273	1,175
	28.10%	30.20%	32.00%	32.20%	31.80%	32.70%	32.30%	33.90%	27.10%	29.30%	30.80%	29.40%
	18.90%	21.60%	22.30%	22.30%	21.90%	23.10%	22.90%	23.80%	18.50%	20.90%	21.60%	20.30%
	—	11.70%	—	7.80%	—	13.80%	—	—	—	—	—	—
	25.30%	11.60%	23.70%	25.80%	5.20%	6.90%	39.10%	14.80%	—	—	—	—
	8.20%	4.70%	20.80%	17.90%	24.90%	18.00%	47.30%	34.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	28,596	27,480	23,658	20,169	17,646	15,314	14,064	12,921	12,085	10,401
	594.16	590.39	767.59	755.84	360.02	233.59	126.10	101.94	169.54	200.38
	21,001	19,995	17,336	15,591	14,021	12,390	11,255	10,544	9,551	8,653
	14,892	13,806	12,561	10,498	9,378	8,126	6,724	5,895	5,321	4,639
	929.08	748.42	430.41	628.86	827.85	1,053	1,233	950.97	759.06	496.80
	3,187	3,091	2,734	2,467	2,298	2,109	1,941	2,057	1,879	1,772
	6.44	6.72	9.61	7.02	14.79	4.85	6.08	3.26	12.21	1.27
	563.65	523.93	435.58	412.43	407.87	380.18	366.33	349.64	316.22	251.00
	2,314	2,394	1,975	2,139	1,492	992.63	1,114	1,028	1,396	1,035
	8,189	8,075	7,090	5,335	3,985	3,158	2,935	2,479	2,703	1,948
	0.00	0.00	0.00	—	—	—	—	—	—	—
	8,189	8,075	7,090	5,335	3,985	3,158	2,935	2,479	2,703	1,948
	2,061	2,027	1,802	1,315	978.21	808.87	869.39	685.34	775.90	548.55
	6,128	6,048	5,288	4,020	3,007	2,349	2,065	1,794	1,927	1,399
	8.37	8.27	7.23	5.50	4.11	9.64	8.48	7.36	7.91	5.70
Key metrics
	8,759	8,606	7,535	5,754	4,408	3,543	3,307	2,832	3,032	2,200
	30.63%	31.30%	31.90%	28.50%	25.00%	23.10%	23.50%	21.90%	25.10%	21.20%
	21.43%	22.00%	22.40%	19.90%	17.00%	15.30%	14.70%	13.90%	15.90%	13.50%
	—	32.40%	34.30%	—	—	—	—	—	—	—
	—	16.20%	17.30%	14.30%	15.20%	8.90%	8.80%	6.90%	16.20%	—
	—	14.40%	31.50%	33.70%	28.00%	13.70%	15.10%	-6.90%	37.70%	—
	—	511.22	-523.66	—	—	—	—	—	—	—
	—	0.25	0.09	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-1,827	-681.68	—	—	—	—	—	—	—
	—	257.6	229.1	—	—	—	—	—	—	—
Balance sheet
	—	44,090	40,418	—	—	—	—	—	—	—
	—	37,773	34,627	—	—	—	—	—	—	—
	—	1,827	681.68	—	—	—	—	—	—	—
	—	12,845	9,092	—	—	—	—	—	—	—
	—	10,094	9,070	—	—	—	—	—	—	—
	—	5,976	6,476	—	—	—	—	—	—	—
	—	3,405	3,124	—	—	—	—	—	—	—
	—	3,542	3,315	—	—	—	—	—	—	—
	—	19,175	19,699	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	23,698	19,698	—	—	—	—	—	—	—
Cash flow
	—	1,494	480.41	—	—	—	—	—	—	—
	—	1,747	748.41	—	—	—	—	—	—	—
	—	-2,096	-1,696	—	—	—	—	—	—	—
	—	983.12	1,004	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +15.91%
Sales CAGR 5Y: +14.34%
Sales CAGR 10Y: —
Profit CAGR 3Y: +26.24%
Profit CAGR 5Y: +23.97%
Profit CAGR 10Y: —
Sales YoY (TTM): +19.77%
Profit YoY (TTM): +11.79%

Consolidated

Sales CAGR 3Y: +15.90%
Sales CAGR 5Y: +14.37%
Sales CAGR 10Y: —
Profit CAGR 3Y: +26.62%
Profit CAGR 5Y: +23.62%
Profit CAGR 10Y: —
Sales YoY (TTM): +19.83%
Profit YoY (TTM): +11.77%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 51.14%

Holder	Type	Holding	Previous	Change
PRESIDENT OF INDIA	Promoter	51.14%	—	—
NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER I (VARIOUS SCHEMES)	Public	2.29%	—	—
KOTAK FLEXICAP FUND - VARIOUS SCHEMES	Public	2.26%	—	—
SBI NIFTY 50 ETF - VARIOUS SCHEMES	Public	2.13%	—	—
CPSE EXCHANGE TRADED SCHEME - VARIOUS SCHEMES	Public	2.04%	—	—
HDFC MUTUAL FUND - VARUOUS SCHEMES	Public	1.31%	—	—
LIFE INSURANCE CORPORATION OF INDIA (VARIOUS SCHEMES)	Public	1.13%	—	—
GOVERNMENT OF SINGAPORE	Public	1.11%	—	—
MOTILAL OSWAL - VARIOUS SCHEMES	Public	1.07%	—	—
ICICI PRUDENTIAL NIFTY ETF - VARIOUS SCHEMES	Public	1.04%	—	—
ASSOCIATION OF PERSONS (AOP)	Public	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Press Release - BEL receives orders worth Rs.648 Crore.17 Sep 2026 · Company Update / Award of Order / Receipt of Order
Intimation of Appointment of Statutory Auditors for FY 2026-27.11 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Intimation of Payment Date of Final Dividend FY 2025-26.8 Sep 2026 · Corp Action / Date of payment of Dividend
Newspaper Publication - Notice of Loss of Share Certificates.2 Sep 2026 · Company Update / Newspaper Publication
Voting Results and Scrutinizer Report of 72nd AGM held on 28.08.2026.28 Aug 2026 · AGM/EGM / AGM
Proceedings of 72nd AGM held on 28.08.2026.28 Aug 2026 · AGM/EGM / AGM
Press Release - BEL receives orders worth Rs.730 Crore.26 Aug 2026 · Company Update / Award of Order / Receipt of Order
Newspaper Publication- Addendum to the Notice of 72nd AGM.19 Aug 2026 · Company Update / Newspaper Publication
Addendum to the Notice of 72nd AGM.18 Aug 2026 · AGM/EGM / AGM
Intimation of Appointment of Independent Director.18 Aug 2026 · Company Update / Change in Directorate
Intimation of Appointment of Directors.13 Aug 2026 · Company Update / Change in Directorate
Press Release - BEL receives orders worth Rs.541 Crore.10 Aug 2026 · Company Update / Award of Order / Receipt of Order
Newspaper Publication.5 Aug 2026 · Company Update / Newspaper Publication
BRSR for FY 2025-26.5 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Book Closure Dates.5 Aug 2026 · Company Update / General
Notice of Record Date.5 Aug 2026 · Corp. Action / Record Date
Integrated Annual Report 2025-26.5 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 72nd Annual General Meeting and Integrated Annual Report 2025-26.5 Aug 2026 · AGM/EGM / AGM
Change in Senior Management.1 Aug 2026 · Company Update / Change in Management
Press Release: BEL receives order worth Rs.847 Crore.31 Jul 2026 · Company Update / Award of Order / Receipt of Order
Newspaper Publication.28 Jul 2026 · Company Update / Newspaper Publication
Transcript of the Conference Call heid on 27.07.2026.28 Jul 2026 · Company Update / Earnings Call Transcript
Audio recording of the conference call hosted by M/s. Motilal Oswal Financial Services Limited on Monday, 27th July, 2026 at 04.00 p.m for discussion on Financial Results for the quarter ....27 Jul 2026 · Company Update / Analyst / Investor Meet
Outcome of Board Meeting held on 27th July, 2026.27 Jul 2026 · Board Meeting / Outcome of Board Meeting
Conference Call with Investors for Discussion on Financial Results for the quarter ended 30th June, 2026.22 Jul 2026 · Company Update / Analyst / Investor Meet
BEL receives orders worthj Rs.572 Crore.13 Jul 2026 · Company Update / Award of Order / Receipt of Order
Bharat Electronics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/07/2026 ,inter alia, to consider and approve Intimation of Date of Board ....13 Jul 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018.10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Change in Senior Management.1 Jul 2026 · Company Update / Change in Management
Intimation of Change in Director(s).1 Jul 2026 · Company Update / Change in Directorate
Intimation of Change in Director(s).1 Jul 2026 · Company Update / Change in Directorate
Intimation of Closure of Trading Window.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
BEL receives orders worth Rs.1081 Crore.22 Jun 2026 · Company Update / Press Release / Media Release
Intimation of Investor Meet.19 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Change in Senior Management.1 Jun 2026 · Company Update / Change in Management
Annual Secretarial Compliance Report fot thr year ended 31.03.2026.29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
BEL receives orders worth Rs. 608 Crores.25 May 2026 · Company Update / Award of Order / Receipt of Order
Transcript of the Conference Call with Investors / Analysts held on 20.05.2026.22 May 2026 · Company Update / Analyst / Investor Meet
Link of Audio Recording of Conference call held on 20/05/2026.20 May 2026 · Company Update / Earnings Call Transcript
Extracts of Standalone and Consolidated Audited Financial Results for the Quarter and Year ended 31.03.2026.20 May 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.5500	13 Aug 2026	13 Aug 2026	—
Interim Dividend - Rs. - 1.9500	6 Mar 2026	6 Mar 2026	—
Final Dividend - Rs. - 0.9000	14 Aug 2025	14 Aug 2025	—
Interim Dividend - Rs. - 1.5000	11 Mar 2025	11 Mar 2025	—
Final Dividend - Rs. - 0.8000	14 Aug 2024	—	—

Board meetings

27 Jul 2026 Board Meeting - Financial Results