Current Price
₹ 419
Live Data
About Company
Incorporated in 1954, Bharat Electronics Ltd manufactures and supplies electronic equipment and systems to the defence sector. Company also has a limited presence in the civilian market[1]
Financial Ratios
Key fundamental data analysis
Market Cap
₹ 3,06,099 Cr.
Current Price
₹ 419
High / Low
₹ 473 / 252
Stock P/E
51.3
Book Value
₹ 29.5
Dividend Yield
0.57 %
ROCE
38.9 %
ROE
29.2 %
Face Value
₹ 1.00
Analysis
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 23.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
- Company has been maintaining a healthy dividend payout of 39.1%
Cons
- Stock is trading at 14.2 times its book value
- Working capital days have increased from 43.8 days to 85.4 days
Quarterly Results
| Metrics | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4153 | 6479 | 3533 | 4009 | 4162 | 8564 | 4244 | 4605 | 5771 | 9150 | 4440 | 5792 | 7154 |
| Expenses | 3290 | 4647 | 2860 | 2995 | 3090 | 6277 | 3295 | 3205 | 4101 | 6334 | 3201 | 4090 | 5027 |
| Operating Profit | 863 | 1832 | 673 | 1014 | 1072 | 2287 | 948 | 1400 | 1669 | 2816 | 1238 | 1702 | 2127 |
| OPM % | 21 | 28 | 19 | 25 | 26 | 27 | 22 | 30 | 29 | 31 | 28 | 29 | 30 |
| Other Income | 59 | 66 | 140 | 137 | 167 | 225 | 204 | 158 | 186 | 195 | 163 | 154 | 139 |
| Interest | 10 | 2 | 1 | 2 | 1 | 4 | 1 | 1 | 1 | 6 | 1 | 2 | 2 |
| Depreciation | 106 | 114 | 109 | 108 | 107 | 119 | 108 | 111 | 111 | 138 | 121 | 126 | 135 |
| Profit before tax | 806 | 1782 | 703 | 1041 | 1132 | 2390 | 1043 | 1445 | 1744 | 2867 | 1279 | 1728 | 2128 |
| Tax % | 25 | 23 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 26 | 25 | 26 | 26 |
| Net Profit | 614 | 1382 | 539 | 790 | 860 | 1797 | 791 | 1093 | 1312 | 2127 | 969 | 1287 | 1580 |
| EPS in Rs | 0.84 | 1.89 | 0.74 | 1.08 | 1.18 | 2.46 | 1.08 | 1.49 | 1.79 | 2.91 | 1.33 | 1.76 | 2.16 |
Profit & Loss
| Metrics | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6518 | 7093 | 7354 | 8656 | 10401 | 12164 | 12968 | 14109 | 15368 | 17734 | 20268 | 23769 | 26535 |
| Expenses | 5593 | 5913 | 5961 | 6864 | 8361 | 9255 | 10209 | 10895 | 12024 | 13645 | 15217 | 16932 | 18652 |
| Operating Profit | 925 | 1179 | 1393 | 1792 | 2039 | 2909 | 2759 | 3214 | 3344 | 4090 | 5051 | 6837 | 7884 |
| OPM % | 14 | 17 | 19 | 21 | 20 | 24 | 21 | 23 | 22 | 23 | 25 | 29 | 30 |
| Other Income | 438 | 507 | 573 | 420 | 196 | 73 | 99 | 125 | 232 | 281 | 670 | 742 | 650 |
| Interest | 7 | 7 | 10 | 18 | 6 | 16 | 8 | 10 | 9 | 19 | 12 | 13 | 11 |
| Depreciation | 150 | 166 | 192 | 212 | 272 | 338 | 372 | 387 | 401 | 429 | 443 | 467 | 520 |
| Profit before tax | 1206 | 1513 | 1764 | 1983 | 1957 | 2628 | 2478 | 2942 | 3166 | 3923 | 5266 | 7099 | 8003 |
| Tax % | 21 | 21 | 24 | 24 | 28 | 30 | 28 | 30 | 26 | 25 | 25 | 26 | - |
| Net Profit | 952 | 1197 | 1337 | 1523 | 1431 | 1887 | 1825 | 2100 | 2400 | 2986 | 3985 | 5323 | 5963 |
| EPS in Rs | 1.2 | 1.51 | 1.69 | 2.07 | 1.96 | 2.58 | 2.5 | 2.87 | 3.28 | 4.08 | 5.45 | 7.28 | 8.16 |
| Dividend Payout % | 20 | 20 | 31 | 33 | 34 | 44 | 37 | 46 | 46 | 44 | 40 | 33 | - |