Bharat Electronics enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


2,65,602	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
1,888	1,888	713	1,206	3,946
18.8	18.8	18.9	17.9	17.8
2,63,732	—	—	—	—
−1,888	−1,888	−713	−1,206	−3,946
₹360.79	—	—	—	—

24,007	24,007	19,993	16,344	13,879

9.18×	—	—	—	—
32.16×	—	—	—	—
34.68×	—	—	—	—
474.33×	—	—	—	—
28,717	27,610	23,769	20,268	17,734
8,199	8,049	6,834	5,046	4,086
7,604	7,494	6,366	4,603	3,657
—	1,541	587	4,659	1,267
556	556	−425	4,007	676
—	554	−426	4,006	675
—	985	1,011	653	590

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

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BEL₹363.35

Bharat Electronics Ltd.

· Capital Goods & Defence

₹ CrorePeersHAL BDL DATAPATTNS CGPOWER ABB CUMMINSIND ENRIN SIEMENSMcap ₹2.66L Cr

HighlightsEnterprise Value Multiples Per 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 Investments	3,945.7	1,206.3	713.5	1,888.0	1,888.0
+ Minority Interest	17.8	17.9	18.9	18.8	18.8
Enterprise Value	—	—	—	—	2,63,732.5
Net Debt (memo)	-3,945.7	-1,206.3	-713.5	-1,888.0	-1,888.0
EV per Share	—	—	—	—	360.79

Total Capital	13,879.4	16,344.4	19,992.8	24,007.1	24,007.1

EV/Sales	—	—	—	—	9.18
EV/EBITDA	—	—	—	—	32.16
EV/EBIT	—	—	—	—	34.68
EV/Free Cash Flow	—	—	—	—	474.33
Reference Items — Trailing FY Values
Sales	17,734.4	20,268.2	23,768.8	27,610.1	28,717.4
EBITDA	4,085.9	5,046.4	6,833.7	8,049.3	8,199.5
EBIT	3,657.1	4,603.2	6,366.3	7,493.7	7,604.0
Operating Cash Flow	1,266.9	4,659.5	586.6	1,541.4	—
Free Cash Flow	676.4	4,007.0	-424.7	556.0	556.0
FCFF (free cash flow to the firm)	675.5	4,005.9	-425.7	554.3	—
Capital Expenditure	590.5	652.5	1,011.3	985.4	—

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.

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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%.