Bharat Electronics financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹5,547cr+24.9% on Q1 FY26
Net profit
₹1,055cr+8.8% on Q1 FY26
EBITDA margin
25.0%−2.9 pts on Q1 FY26
EPS
₹1.44+8.3% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue5,5474,440+24.9%
EBITDA1,3881,238+12.1%
EBITDA margin25.0%27.9%−2.9 pts
Profit before tax1,3961,279+9.1%
Net profit1,055969+8.8%
EPS₹1.44₹1.33+8.3%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹5,547 crNet profit₹1,055 crNet margin19.0%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
2,65,602————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
1,8881,8887131,2063,946
18.818.818.917.917.8
2,63,732————
28,71727,61023,76920,26817,734
—+16.2%+17.3%+14.3%—
8,1998,0496,8345,0464,086
28.6%29.2%28.8%24.9%23.0%
7,6047,4946,3664,6033,657
6,1486,0625,3233,9852,986
21.4%22.0%22.4%19.7%16.8%
₹8.41₹8.29₹7.28₹5.45₹4.08
—+13.9%+33.6%+33.5%—
—1,5415874,6591,267
—−985−1,011−653−590
556556−4254,007676
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

BEL₹363.35

Bharat Electronics Ltd.

· Capital Goods & Defence
₹ CrorePeersHALBDLDATAPATTNSCGPOWERABBCUMMINSINDENRINSIEMENSMcap ₹2.66L Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————2,65,601.6
- Cash, Equiv & ST Investments3,945.71,206.3713.51,888.01,888.0
+ Minority Interest17.817.918.918.818.8
Enterprise Value————2,63,732.5
Revenue17,734.420,268.223,768.827,610.128,717.4
Growth %, YoY—+14.3+17.3+16.2—
EBITDA4,085.95,046.46,833.78,049.38,199.5
Margin %23.0424.9028.7529.1528.55
EBIT3,657.14,603.26,366.37,493.77,604.0
Net Income2,986.23,985.25,322.76,062.36,147.7
Margin %16.8419.6622.3921.9621.41
EPS, Adj (current shares)4.085.457.288.298.41
Growth %, YoY—+33.5+33.6+13.9—
Cash from Operations1,266.94,659.5586.61,541.4—
Capital Expenditures-590.5-652.5-1,011.3-985.4—
Free Cash Flow676.44,007.0-424.7556.0556.0
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 145%.

BEL financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Bharat Electronics (NSE: BEL) had a market capitalisation of ₹2,70,463 crore at the 29 October 2026 close (₹370.00 a share), a PE ratio of 44.0 on the last four quarters' profit and a price-to-book ratio of 11.27. In FY26 its consolidated net profit was ₹6,062 crore on revenue of ₹27,610 crore; in Q1 FY27 (April–June 2026) it was ₹1,054 crore, up 8.7% year on year. It had no borrowings on 31 March 2026. Promoters held 51.14% of the shares on 30 September 2026.

Share price used
₹370.00 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026
Share price and live chart
₹370.00 · 29 Oct close

BEL at a glance · consolidated

Market cap
₹2,70,463 Crat ₹370.00 · 29 Oct close
PE ratio (last 4 quarters)
44.044.6 on FY26 profit
Price to book (PB)
11.27book value ₹32.82 a share
ROE (FY26)
27.6%−1.7 pts vs FY25ROCE 32.3%
Debt to equity
0.00net cash ₹8,572 Cr
Promoter holding
51.14%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.68%₹2.50 a share in 12 months
Net worth
₹23,988 Cr+20.1% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹556 Cr

Questions

What is the BEL PE ratio today?

BEL's PE ratio is 44.0 at the 29 October 2026 close (₹370.00 a share): a market capitalisation of ₹2,70,463 crore divided by consolidated net profit of ₹6,146 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹6,062 crore) it is 44.6.

What is the BEL net worth?

BEL's net worth — shareholders' equity in its consolidated balance sheet — was ₹23,988 crore on 31 March 2026, up 20.1% from ₹19,974 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,70,463 crore at the 29 October 2026 close.

What is the BEL book value per share?

BEL's book value per share was ₹32.82 on 31 March 2026: shareholders' equity of ₹23,988 crore divided by the 730.98 crore shares in issue, up 20.1% from ₹27.32 a year earlier. The share price at the 29 October 2026 close was ₹370.00.

What is the BEL PB ratio (price to book value)?

BEL's price-to-book (PB) ratio is 11.27 at the 29 October 2026 close: a market capitalisation of ₹2,70,463 crore divided by shareholders' equity (book value) of ₹23,988 crore on 31 March 2026. That is a book value of ₹32.82 per share against a share price of ₹370.00.

What is the BEL ROE and ROCE?

In FY26, BEL's return on equity (ROE) was 27.6% and its return on capital employed (ROCE) was 32.3%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 29.3% and ROCE 33.0%.

What is the BEL dividend yield?

BEL's dividend yield is 0.68% at the 29 October 2026 close: dividends of ₹2.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹370.00. They were ₹0.55 on 13 August 2026 and ₹1.95 on 6 March 2026 (interim).

What is the BEL market cap?

BEL's market capitalisation was ₹2,70,463 crore (₹2.70 lakh crore) at the 29 October 2026 close: 730.98 crore shares at ₹370.00 each.

Is BEL debt free?

Yes. BEL had no borrowings on 31 March 2026 (consolidated balance sheet), and it held ₹8,572 crore of cash, bank balances and current investments.

What is the BEL debt to equity ratio?

BEL's debt-to-equity ratio was 0.00 on 31 March 2026: no borrowings against total equity of ₹24,007 crore. A year earlier, on 31 March 2025, it was 0.00.

What is the BEL EPS?

BEL's basic earnings per share (EPS) were ₹8.29 in FY26, against ₹7.28 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹8.40.

What is the BEL promoter holding?

Promoters held 51.14% of BEL on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

When are the BEL next results?

BEL will announce its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026, the date of the board meeting it has notified to the exchanges.

What is the BEL dividend in 2026 and its record date?

In 2026, BEL has declared two dividends totalling ₹2.50 a share: ₹1.95 (interim) with record date 6 March 2026 and ₹0.55 with record date 13 August 2026.

What is the BEL free cash flow?

In FY26, BEL generated ₹1,541 crore of cash from operations and spent ₹985 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹556 crore. In FY25 it was −₹425 crore.

What are the BEL latest quarterly results?

BEL's latest results are for Q1 FY27 (April–June 2026), filed on 27 July 2026: consolidated net profit ₹1,054 crore, up 8.7% from ₹970 crore in Q1 FY26; revenue from operations ₹5,547 crore, up 24.9% year on year.

What is the BEL shareholding pattern?

On 30 September 2026, BEL's shares were held by promoters 51.14%, foreign portfolio investors (FII/FPI) 16.98%, domestic institutions (DII) 21.88% (including mutual funds at 14.90%) and retail and other non-institutional investors 10.00%. Over the year, FII holding was down 1.17 percentage points from 18.15% and DII holding was up 1.00 percentage points from 20.88%.

How does BEL compare with its peers?

On FY26 consolidated figures, against HAL and Data Patterns: BEL's operating margin of 27.1% is the second highest of the three (HAL 25.4%, Data Patterns 38.0%; peer average 31.7%); its return on equity of 27.6% is the highest of the three (HAL 24.0%, Data Patterns 16.7%; peer average 20.4%).

BEL vs HAL: how do they compare?

In FY26, BEL earned net profit of ₹6,062 crore on revenue of ₹27,610 crore, against ₹9,116 crore on ₹33,089 crore for HAL. BEL's operating margin was 27.1% (HAL 25.4%) and its return on equity 27.6% (HAL 24.0%). At the 29 October 2026 close, BEL's market capitalisation was ₹2,70,463 crore against ₹3,25,689 crore for HAL, and its PE ratio on FY26 profit 44.6 against 35.7.

What is the BEL revenue and profit in FY26?

In FY26 (April 2025–March 2026), BEL's consolidated net profit was ₹6,062 crore, up 13.9% from ₹5,321 crore in FY25, on revenue from operations of ₹27,610 crore (up 16.2%). Over three years, from FY23, net profit was up 103.1%.

How does the BEL PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, BEL's PE ratio is 44.6, the second highest of the three: HAL 35.7 and Data Patterns 83.0, a peer average of 59.4. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Where do these BEL figures come from?

From Bharat Electronics' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.