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Bharat Electronics Ltd.

Capital GoodsAerospace & Defense

www.bel-india.in BSE: 500049NSE: BEL

₹404.50BSE0.57%

07 Sep, 4:01 PM

₹404.50

₹2.96L Cr

48.11

11.81

27.40%

₹409.25

₹404.50

₹473.25

₹370.00

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Price Performance

Peer Comparison

Name
HAL HAL	4,856.20	34.84	3,24,770.52	0.93	1,589.66	14.88%	5,515.17	14.45%	31.99
Bharat Electronics Ltd. BEL	404.50	48.11	2,95,680.55	0.62	1,054.53	8.82%	5,546.98	24.94%	36.68
DATAPATTNS DATAPATTNS	4,590.50	3,341.37	25,699.44	0.22					11.11
ASTRA MICRO ASTRAMICRO	1,725.00	85.87	16,378.01	0.14	12.35	-24.12%	176.66	-11.55%	20.29
ZEN TECH ZENTEC	1,794.65	89.94	16,204.42	0.06	31.85	-39.99%	141.64	-10.48%	16.83
AEQUS AEQUS	233.90		15,686.87	0.00	-53.23	-1,571.61%	395.54	54.77%	1.50
APOLLO APOLLO	403.90	123.71	15,008.90	0.06	25.22	42.58%	251.29	88.12%	14.05
PARAS PARAS	1,489.40	127.08	12,002.68	0.07	20.74	45.34%	127.91	37.26%	18.68

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	8,564.08	4,243.57	4,604.90	5,770.69	9,149.59	4,439.74	5,792.09	7,153.85	10,224.43	5,546.98
Expenses	6,276.85	3,295.37	3,204.95	4,101.20	6,333.53	3,201.47	4,089.92	5,026.61	7,242.78	4,158.58
	2,287.23	948.20	1,399.95	1,669.49	2,816.06	1,238.27	1,702.17	2,127.24	2,981.65	1,388.40
	26.71%	22.34%	30.40%	28.93%	30.78%	27.89%	29.39%	29.74%	29.16%	25.03%
	225.43	203.58	157.76	186.38	194.64	163.32	153.92	138.54	110.25	169.56
Interest	4.05	1.18	1.32	1.32	5.86	1.44	1.65	2.03	1.61	1.16
	118.54	107.68	111.19	110.93	137.58	120.79	126.49	135.44	172.95	160.55
	2,401.08	1,053.21	1,454.10	1,753.95	2,873.27	1,287.74	1,736.69	2,137.82	2,929.50	1,406.88
	25.17%	24.87%	24.85%	25.22%	25.97%	24.75%	25.88%	26.11%	24.00%	25.04%
	1,797.11	791.00	1,092.45	1,310.95	2,127.04	969.91	1,287.77	1,579.10	2,225.22	1,054.34
	2.46	1.08	1.49	1.79	2.91	1.33	1.76	2.16	3.04	1.44

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	15,378.44	17,734.83	20,268.46	23,768.91	27,610.18
	15,368.18	17,734.44	20,268.24	23,768.75	27,610.11
EXPENDITURE :
Increase/Decrease in Stock	-280.28	-393.28	-561.72	-821.36	-596.88
Raw Material Consumed	9,146.85	10,220.84	11,138.04	13,008.59	14,630.03
Power & Fuel Cost	43.13	46.81	57.21	55.85	58.73
Employee Cost	2,128.01	2,317.34	2,489.49	2,760.63	3,115.55
Other Manufacturing Expenses	197.16	156.72	183.46	199.90	238.43
General and Administration Expenses	155.09	220.24	272.39	300.60	327.54
Selling and Distribution Expenses	47.00	48.98	58.28	56.87	70.93
Miscellaneous Expenses	609.11	1,119.94	1,760.25	1,525.80	2,009.49
	12,046.07	13,737.59	15,397.40	17,086.88	19,853.82
Operating Profit (Excl OI)	3,322.11	3,996.85	4,870.84	6,681.87	7,756.29
	253.81	373.72	850.63	897.04	862.47
	3,575.92	4,370.57	5,721.47	7,578.91	8,618.76
Interest	8.55	18.84	12.06	12.53	10.13
PBDT	3,567.37	4,351.73	5,709.41	7,566.38	8,608.63
	401.13	428.82	443.20	467.38	555.67
Profit Before Taxation & Exceptional Items	3,166.24	3,922.91	5,266.21	7,099.00	8,052.96
	3,166.24	3,922.91	5,266.21	7,099.00	8,052.96
Provision for Tax	811.78	982.56	1,323.10	1,811.85	2,029.49
	2,354.46	2,940.35	3,943.11	5,287.15	6,023.47
Extra items				0.00	0.00
Minority Interest	-1.35	-1.82	-0.72	-1.24	-0.26
Share of Associate	45.76	45.89	42.13	35.53	38.79
Consolidated Net Profit	2,398.87	2,984.42	3,984.52	5,321.44	6,062.00
Profit Balance B/F	7,034.55	8,010.07	9,351.79	11,474.35	14,714.55
Appropriations	9,433.42	10,994.49	13,336.31	16,795.79	20,776.55
Equity Dividend %	450.00%	180.00%	220.00%	240.00%	250.00%
	9.85	4.08	5.45	7.28	8.29
Adjusted EPS	3.28	4.08	5.45	7.28	8.29

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	243.66	730.98	730.98	730.98	730.98
Total Reserves	12,042.27	13,130.65	15,595.49	19,242.91	23,257.33
Reserve excluding Revaluation Reserve	12,042.27	13,130.65	15,595.49	19,242.91	23,257.33
	12,285.93	13,861.63	16,326.47	19,973.89	23,988.31
Minority Interest	16.34	17.75	17.92	18.94	18.83
Deferred Tax Assets / Liabilities	-619.49	-500.83	-569.21	-525.32	-576.72
Other Long Term Liabilities	220.16	198.10	182.81	174.81	176.05
Long Term Trade Payables	0.34	0.37
Long Term Provisions	1,805.32	844.65	967.28	902.16	1,083.83
Total Non-Current Liabilities	1,406.33	542.29	580.88	551.65	683.16
Trade Payables	3,369.30	3,330.38	3,706.31	3,338.77	3,583.40
Other Current Liabilities	15,787.23	16,607.86	17,625.61	15,674.06	14,821.88
Short Term Provisions	424.51	627.54	694.81	739.71	854.47
Total Current Liabilities	19,581.04	20,565.78	22,026.73	19,752.54	19,259.75
Total Liabilities	33,289.64	34,987.45	38,952.00	40,297.02	43,950.05
Gross Block	4,832.18	5,541.08	6,037.75	6,868.57	8,105.55
Less: Accumulated Depreciation	2,156.99	2,578.28	3,002.58	3,449.38	3,984.93
Net Block	2,675.19	2,962.80	3,035.17	3,419.19	4,120.62
Capital Work in Progress	445.93	361.23	456.42	476.98	485.50
Non Current Investments	1,572.02	649.99	682.23	742.97	799.59
Long Term Investment	1,572.02	649.99	682.23	742.97	799.59
Long Term Loans & Advances	59.95	48.49	51.22	38.03	44.21
Other Non Current Assets	682.66	423.43	226.64	187.11	197.56
Total Non-Current Assets	5,995.93	4,939.71	4,889.02	5,439.14	5,893.18
Inventories	5,591.90	6,448.04	7,446.89	9,118.98	10,175.53
Sundry Debtors	6,108.09	7,033.48	7,392.38	9,116.37	12,875.76
Cash and Bank	7,563.74	8,111.58	11,056.59	9,545.10	8,572.03
Other Current Assets	171.64	254.86	324.50	290.58	193.41
Short Term Loans and Advances	7,858.34	8,199.78	7,842.62	6,786.85	6,240.14
Total Current Assets	27,293.71	30,047.74	34,062.98	34,857.88	38,056.87
Net Current Assets (Including Current Investments)	7,712.67	9,481.96	12,036.25	15,105.34	18,797.12
Total Assets	33,289.64	34,987.45	38,952.00	40,297.02	43,950.05
Contingent Liabilities	2,132.72	2,387.80	3,611.96	3,015.10	3,134.49
Total Debt	0.00	0.00	0.00	0.00	0.00
	50.42	18.96	22.34	27.32	32.82
Adjusted Book Value	16.81	18.96	22.34	27.32	32.82

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	3,212.00	3,968.80	5,308.34	7,134.53	8,091.75
Adjustment	265.63	832.02	-48.54	-185.36	29.17
Changes In working Capital	1,533.88	-2,534.23	818.06	-4,710.26	-4,558.93
Cash Flow after changes in Working Capital	5,011.51	2,266.59	6,077.86	2,238.91	3,561.99
Cash Flow from Operating Activities	4,207.22	1,199.26	4,659.49	564.27	1,541.37
Cash Flow from Investing Activities	-4,871.66	2,707.65	-5,923.85	639.29	1,730.00
Cash Flow from Financing Activitie	-1,077.60	-1,262.08	-1,475.01	-1,696.43	-2,096.86
Net Cash Inflow / Outflow	-1,742.04	2,644.83	-2,739.37	-492.87	1,174.51
Opening Cash & Cash Equivalents	3,042.90	1,300.86	3,945.69	1,206.32	713.45
Closing Cash & Cash Equivalent	1,300.86	3,945.69	1,206.32	713.45	1,887.96

Ratios

Valuation

48.11

11.81

32.73

10.30

8.41

34.24

Profitability

27.40

36.68

14.30

28.09

21.82

Leverage & Liquidity

0.00

1.98

795.96

Returns

0.62

0.66

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14	51.14
	38.04	37.48	38.28	38.43	39.16	39.03	38.99	39.49	39.04
	10.82	11.38	10.59	10.43	9.70	9.84	9.87	9.37	9.82
	48.86	48.86	48.86	48.86	48.86	48.86	48.86	48.86	48.86
No. of Shareholders	25,18,663	27,72,002	26,53,676	26,78,435	25,42,378	24,98,588	25,43,622	25,30,896	26,04,298

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-08-06	AGM
2026-07-13	Board Meeting	Quarterly Results
2026-05-19	Ex Dividend	Rs.0.5500 per share(55%)Final Dividend	2026-08-13	2026-08-13

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Capital GoodsAerospace & Defense

Bharat Electronics Ltd. operates in the Capital Goods sector under the Aerospace & Defense industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

13 members across the board and senior leadership

S Sreenivas

Company Secretary & Compliance Officer

—

Manoj Jain

Chairman & Managing Director

₹1.04 Cr

Mar '26

Damodar Bhattad

Whole Time Director - Finance & CFO

₹86.32 L

Mar '26

Damodar S Bhattad

Whole Time Director - Finance & CFO

₹83.63 L

Mar '25

Rajnish Sharma

Whole Time Director - Bangalore Complex

₹81.23 L

Mar '26

Hari Kumar R

Whole Time Director - R & D

₹63.22 L

Mar '26

Kamesh Kasana

Whole Time Director & Other Units

₹57.78 L

Mar '26

Meera Mohanty

Government Nominee Director

—

Binoy Kumar Das

Government Nominee Director

—

Pradeep Tripathi

Non Executive Independent Director

₹8.55 L

Mar '26

Bharatsinh Prabhatsinh Parmar

Non Executive Independent Director

₹9.55 L

Mar '26

Ambrish Tripathi

Director - HR

—

Anoop Kumar Rai

Director - Marketing

—

BEL Latest News

News

10 of 10 articles

EQUITY27 Aug 2026 · 09:54

Bharat Electronics rises on securing additional orders worth Rs 730 crore

Major orders received include communication equipment, radar, avionics, tank sub system, electro optics etc

COMPANY26 Aug 2026 · 18:16

Bharat Electronics secures additional orders worth Rs 730 crore

Major orders received include communication equipment, radar, avionics, tank sub system, electro optics etc

COMPANY11 Aug 2026 · 10:12

Bharat Electronics wins additional orders worth Rs 541 crore

Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical Biological Radiological and Nuclear systems, spares, services etc

EQUITY4 Aug 2026 · 11:35

Bharat Electronics rises on signing MoU with Esri India Technologies

MoU is aimed for Cooperation in Surge Deployment for BEL/Defence Services

COMPANY4 Aug 2026 · 11:17

Bharat Electronics signs MoU with Esri India Technologies

MoU is aimed for Cooperation in Surge Deployment for BEL/Defence Services

EQUITY3 Aug 2026 · 14:52

Bharat Electronics inches up on securing additional orders worth Rs 847 crore

Major orders received include electro optics, security operation centre, seekers, components, spares, services etc

COMPANY1 Aug 2026 · 12:20

Bharat Electronics secures additional orders worth Rs 847 crore

Major orders received include electro optics, security operation centre, seekers, components, spares, services etc

COMPANY28 Jul 2026 · 10:09

Bharat Electronics reports 9% rise in Q1 consolidated net profit

Consolidated total income of the company increased by 24.19% to Rs 5,716.54 crore in Q1FY27

COMPANY14 Jul 2026 · 09:18

Bharat Electronics wins additional orders worth Rs 572 crore

Major orders received include communication equipment, avionics, encryptors, tank sub systems, EVM, batteries, components, upgrades, spares, services etc

COMPANY22 Jun 2026 · 17:39

Bharat Electronics wins additional orders order worth Rs 1081 crore

Major orders received include communication equipment, radars, CBRN protection system, seekers, avionics, upgrades, spares, services, etc.

BEL

₹404.50

-0.57%