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NSE BEL · BSE 500049 · Aerospace & Defense · NIFTY 50

Bharat Electronics Share Price

Market open · updated 25 Sep, 1:37 PM IST
₹396.10 ▼ −₹1.87 · 0.47% NSE · as of 24 Sep 2026, 8:20 AM · BSE ₹395.15
Today's range
₹393.60Low₹398.00High
52-week range
₹380.35Low · 18 Dec 2025₹473.25High · 6 Mar 2026

Bharat Electronics Overview

Where the price stands, how it has moved and how it sits against its averages.

Bharat Electronics shares last traded at ₹396.10 on the NSE, down 0.47% on the day. That is 16.3% below the 52-week high of ₹473.25 and 4.1% above the 52-week low of ₹380.35. The stock trades at 49.04× earnings, below the sector average of 54.02. Its market value is ₹2,88,846 Cr.

Price returns

1 Day▼ −0.47%
5 Days▲ +2.67%
This month▼ −4.44%
3 Months▼ −4.23%
6 Months▼ −4.21%
This year▼ −0.89%
1 Year▼ −2.08%

Against the market: 1 Month ▲ +0.77% · 3 Months ▼ −1.46% · 6 Months ▼ −3.64% · This year ▲ +12.88% · 1 Year ▲ +7.44%

Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST).

Moving averages — price is above 1 of 6

  1. 300-day average₹418.22 ▼ price 5.3% below
  2. 100-day average₹411.32 ▼ price 3.7% below
  3. 20-day average₹403.86 ▼ price 1.9% below
  4. 50-day average₹403.71 ▼ price 1.9% below
  5. 10-day average₹397.97 ▼ price 0.5% below
  6. Today's price₹396.10
  7. 5-day average₹394.18 ▲ price 0.5% above

Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.

Bharat Electronics Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
27,610
Net profit₹ crore · losses below zero
6,062

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹27,610 Cr ▲ +16.2% ₹6,062 Cr 22.0% ₹8.29 —
FY 2025 ₹23,769 Cr ▲ +17.3% ₹5,321 Cr 22.4% ₹7.28 ₹2.40
FY 2024 ₹20,268 Cr ▲ +14.3% ₹3,985 Cr 19.7% ₹5.45 ₹2.20
FY 2023 ₹17,734 Cr ▲ +15.4% ₹2,984 Cr 16.8% ₹4.08 ₹1.80
FY 2022 ₹15,368 Cr ▲ +8.9% ₹2,399 Cr 15.6% ₹3.28 ₹1.50
FY 2021 ₹14,109 Cr ▲ +8.8% ₹2,099 Cr 14.9% ₹2.87 ₹1.33
FY 2020 ₹12,968 Cr — ₹1,824 Cr 14.1% ₹2.50 ₹0.93

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
46%
54%
  • Total assets₹44,538 Cr
  • Total liabilities₹20,549 Cr
  • Shareholders' equity₹23,988 Cr
  • Total debt₹65 Cr
  • Cash & investments₹8,504 Cr
  • Current ratio1.98×
  • Revenue growth, 5 yr14.37% a year
  • EPS growth, 5 yr23.62% a year
  • Operating margin (TTM)26.48%
  • Net margin (TTM)21.26%

Cash flow — FY26

Operating activities
▲ ₹1,541 Cr
Investing activities
▲ ₹1,730 Cr
Financing activities
▼ −₹2,097 Cr
Free cash flow
▲ ₹556 Cr
Net change in cash
▲ ₹1,175 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue12,967.6714,108.6915,368.1817,734.4420,268.2423,768.7527,610.11
Cost of revenue7,144.148,038.888,953.759,884.8410,636.8112,250.8014,096.47
Gross profit5,823.536,069.816,414.437,849.609,631.4311,517.9513,513.64
Operating expenses10,565.3511,284.0012,426.9714,075.4415,663.5217,400.6120,114.56
Operating income2,402.322,824.692,941.213,659.004,604.726,368.147,495.55
Depreciation371.85387.31401.12428.81443.20467.38555.67
Profit before tax2,478.402,941.783,166.243,922.915,266.217,099.008,052.96
Tax685.77872.44811.78982.561,323.101,811.852,029.49
Net profit1,823.852,098.942,398.872,984.423,984.525,321.446,062.00
EPS (₹)2.502.873.284.085.457.288.29
Dividend per share (₹)0.931.331.501.802.202.40—

What Analysts Say

31 analysts

Recommendations from 31 analysts who cover Bharat Electronics.

Buy average rating 1.87 on a 1–5 scale

▲ 29 bullish (93.5%) · 0 hold (0.0%) · ▼ 2 bearish (6.5%)

Votes

Strong Buy
8 (26%)
Buy
21 (68%)
Hold
0 (0%)
Sell
2 (6%)
Strong Sell
0 (0%)

How the votes changed

Rating3M ago2M ago1M ago1W agoNow3-month change
Strong Buy77888 ▲ +1
Buy1616202121 ▲ +5
Hold11000 ▼ −1
Sell33222 ▼ −1
Strong Sell00000 —

Analyst ratings are opinions, not a guarantee of returns.

Bharat Electronics vs Peers

Side by side with other aerospace & defense companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yieldRating
Bharat Electronics ₹396.10 ▼ −0.47% ₹2,88,846 Cr 49.04 12.07 25.95% 21.26% 0.63% This stock
Hindustan Aeronautics ₹4,797.00 ▼ −0.60% ₹3,20,811 Cr 32.99 7.33 26.63% 27.55% 1.00% Neutral
Bharat Dynamics ₹1,162.85 ▲ +0.07% ₹42,626 Cr 109.40 10.85 14.03% 17.21% 0.41% Bearish
Data Patterns (India) ₹4,393.00 ▼ −0.69% ₹24,594 Cr 83.60 13.18 16.10% 29.34% 0.24% Moderately Bearish
Astra Microwave Products ₹1,595.00 ▼ −0.37% ₹15,092 Cr 84.89 12.43 13.60% 16.60% 0.13% Neutral
Aequs ₹243.00 ▼ −0.25% ₹16,287 Cr — 10.30 — — — Bullish

Rating = the data provider's overall technical view of each peer. Company names link to their own pages.

Shareholding Pattern

Who owns Bharat Electronics shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
51.1%
18.0%
15.0%
15.9%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter51.14%51.14%51.14%51.14% 0.00 pts
FII18.14%18.51%19.51%18.02% ▼ −1.49 pts
MF15.12%14.82%14.28%14.99% ▲ +0.71 pts
Other15.60%15.53%15.07%15.85% ▲ +0.78 pts

Bharat Electronics Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

Bharat ElectronicsBenchmarkComfortable → stretched

Valuation Is the price reasonable?

P/E (TTM)Price ÷ yearly earnings per share
49.04
▼ 9% below the sector average of 54.02
P/E, 12-month rangeLow 19.58 · high 55.98
81%
Today's P/E sits 81% of the way from its low to its high
P/BPrice ÷ book value per share
12.07
P/SPrice ÷ sales per share
10.08
P/CFPrice ÷ cash flow per share
43.20
PEGP/E ÷ earnings growth (≈1 is fair)
1.77

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
47.84%
▲ above its 5-yr average of 46.71%
Operating marginKept after running costs
26.48%
▲ above its 5-yr average of 23.93%
Pre-tax marginKept before tax
28.45%
▲ above its 5-yr average of 26.26%
Net marginKept as profit
21.26%
▲ above its 5-yr average of 19.62%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
27.58%
▲ above its 5-yr average of 25.95%
Return on assetsProfit on everything it owns
14.11%
▲ above its 5-yr average of 11.00%
Return on investmentProfit on long-term capital
26.01%
▲ above its 5-yr average of 23.70%

Growth Is the business getting bigger?

Revenue — last 12 months
+19.8%
▲ growing
Revenue — 3 yr, a year
+15.9%
▲ growing
Revenue — 5 yr, a year
+14.4%
▲ growing
EPS — last 12 months
+11.5%
▲ growing
EPS — 3 yr, a year
+26.6%
▲ growing (off the scale)
EPS — 5 yr, a year
+23.6%
▲ growing
Book value — 5 yr, a year
+16.8%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.00×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
1.98×
✓ Comfortable
Quick ratioLike the current ratio, without inventory
1.39×
✓ Comfortable
Interest coverOperating profit ÷ interest to pay
1,178.92×
✓ Strong
Payout ratioShare of profit paid as dividend
30.15%
✓ Balanced

Per share What each share stands for

EPS (TTM)
₹8.40
Book value
₹32.82
Cash flow
₹9.16
Dividend
₹2.50
Revenue
₹39.24

The share price is 12.07× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 105 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year47.77
Current Dividend Yield - Common Stock Primary Issue, LTM0.63
Price to Book - most recent fiscal year12.07
P/E Basic excluding extraordinary items - TTM49.04
P/E including extraordinary items - TTM47.16
P/E excluding extraordinary items low, trailing 12 months19.58
Price to Tangible Book - most fiscal year12.53
Price to sales - most recent fiscal year10.49
Dividend Yield - indicated annual dividend divided by closing price0.47
Price to Cash Flow per share - trailing 12 month43.20
Peg Ratio1.77
P/E Normalized, most recent fiscal year47.79
P/E excluding extraordinary items high, trailing 12 months55.98
P/E excluding extraordinary items, most recent fiscal year quarter47.16
Price to sales - trailing 12 month10.08
Net Debt, LFY−84,382.10

Per share

Cash Flow per share - trailing 12 month9.16
Cash Flow per share - most recent fiscal year9.00
EPS including extraordinary items - trailing 12 month8.40
EPS including extraordinary items - most recent fiscal year8.29
EBITD per share - trailing 12 month11.20
Revenue/share - trailing 12 month39.24
EPS excluding extraordinary items - trailing 12 month8.40
EPS Basic excluding extraordinary items - most recent fiscal year8.29
EPS Basic excluding extraordinary items - trailing 12 month8.40
Book value per share - most recent fiscal year32.82
Revenue/share - most recent fiscal year37.76
EPS Normalized - most recent fiscal year8.29
Book value (tangible) per share - most recent fiscal year31.61
Dividends per share - trailing 12 month2.50
EPS excluding extraordinary items - most recent fiscal year8.29
Cash per share - most recent fiscal year11.63

Margins

Operating margin - trailing 12 month26.48
Gross Margin - 5 year average46.71
Operating margin - 1st historical fiscal year27.15
Operating Margin - 5 year average23.93
Net Profit Margin % - 1st historical fiscal year21.82
Gross Margin - 1st historical fiscal year48.94
Net Profit Margin % - trailing 12 month21.26
Net Profit Margin - 5 year average19.62
Pretax Margin - 5 year average26.26
Pretax margin - 1st historical fiscal year29.17
Pretax margin - trailing 12 month28.45
Free Operating Cash Flow/Revenue, 5 Year Average0.85
Gross Margin - trailing 12 month47.84

Growth

EPS Change %, TTM over TTM11.52
Revenue growth rate, 5 year14.37
EPS growth rate, 5 year23.62
Revenue Change % - most recent quarter 1 year ago24.94
Growth rate% - EPS, 3 year26.63
Revenue/share (5 yr growth)14.36
Tangible Book Value, Total Equity, 5 Year CAGR17.29
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR21.21
Capital Spending growth rate, 5 year15.99
Revenue Change %, TTM over TTM19.83
Growth rate% - Revenue, 3 year15.90
Book value per share growth rate, 5 year16.75
EPS Change % - most recent quarter 1 year ago8.27
Net Profit Margin growth rate, 5 year8.26
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR20.17
Total Debt, 5 Year CAGR91.83

Financial strength

Free Cash Flow - most recent fiscal year−15,268.80
LT debt/equity - most recent fiscal year0.00
Quick ratio - most recent fiscal year1.39
Payout ratio - trailing 12 month0.00
Current ratio - most recent fiscal year1.98
Current EV/Free Cash Flow, LFY80.06
Total debt/total equity - most recent fiscal year0.00
Net Interest coverage - trailing 12 month1,178.92
Payout ratio - most recent fiscal year30.15

Returns & efficiency

Return on average equity - 5 year average25.95
Net Income/employee - trailing 12 month64,82,697.00
Revenue/employee - most recent fiscal year3,02,34,460.00
Return on investment - most recent fiscal year26.01
Return on average assets - most recent fiscal year14.11
Receivables turnover - most recent fiscal year1.78
Inventory turnover - most recent fiscal year1.32
Revenue/employee - trailing 12 month3,04,85,510.00
Return on average assets - 5 year average11.00
Net Income/employee - most recent fiscal year65,96,003.00
Asset turnover - most recent fiscal year0.65
Return on average equity - most recent fiscal year27.58
Return on investment - 5 year average23.70

Price & volume

Market Cap2,90,198.22
52 week Low Date18 Dec 2025
Price - 1 Day % Change−0.46
Relative (S&P500) price percent change - 13 week−1.46
Avg trading volume last 10 days9.90
Price - 13 week price percent change−4.23
Price - 52 week price percent change−2.08
Avg Trading Volume Last 3 months237.66
Price - 5 Day % Change2.67
Price % Change Month To Date−4.44
Relative (S&P500) price percent change - 04 week0.77
52 week High Date6 Mar 2026
Price - 26 week price percent change−4.21
PDATE23 Sep 2026
Price - YTD price percent change−0.89
Relative (S&P500) price percent change - 52 week7.44
NPRICE396.05
Relative (S&P500) price percent change - 26 week−3.64
52 week Low380.45
52 week High473.45
Beta1.23
Relative (S&P500) price percent change - Year to Date12.88

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹2.40
  • Dividend yield0.63%
  • Payout ratio30.15%
  • Latest dividend₹0.55 per share · 13 Aug 2026

Corporate calendar

  • Dividend₹0.55 per share · 55% · Final dividend
  • BoardQuarterly Results
  • BoardAudited Results & Final Dividend
  • Dividend₹1.95 per share · 195% · Interim dividend
  • BoardInterim Dividend
  • BoardQuarterly Results
  • BoardQuarterly Results
  • MeetingAnnual General Meeting
Show 12 older events
  • Dividend₹0.90 per share · 90% · Final dividend
  • BoardQuarterly Results
  • BoardAudited Results & Final Dividend
  • Dividend₹1.50 per share · 150% · Interim dividend
  • BoardInterim Dividend
  • MeetingAnnual General Meeting
  • Dividend₹0.80 per share · 80% · Final dividend
  • Dividend₹0.70 per share · 70% · Interim dividend
  • Dividend₹0.70 per share · 70% · Interim dividend
  • MeetingAnnual General Meeting
  • Dividend₹0.60 per share · 60% · Final dividend
  • BonusBonus issue in the ratio of 2:1 of Re. 1/-.

About Bharat Electronics

Aerospace & Defense

Bharat Electronics Limited is an India-based company, which manufactures and supplies electronic equipment and systems for the defense sector as well as for non-defense markets. It manufactures electronic products and systems for the army, navy, and the air force. Its defense products include radar and fire control systems, weapon systems, communication, network centric systems (c4i), electronic warfare systems, avionics, anti-submarine warfare systems & sonars, electro-optics, tank electronics, gun upgrades, strategic components, and others. Its non-defense products include electronic voting machines, software solutions / services, healthcare solutions, civil aviation and solar cells/power plants, railway / metro / airport solutions, space electronics and systems, alternate energy solutions, secure communication solutions. It also offers software, electronic manufacturing services and cybersecurity. Its subsidiaries include BEL Optronic Devices Ltd. and BEL-THALES Systems Ltd.

Key people

  • Manoj JainExecutive Chairman of the Board, Managing Director
  • Damodar S. BhattadChief Financial Officer, Director - Finance, Whole Time Director
  • Sripada SreenivasCompliance Officer, Company Secretary
  • Rajnish SharmaWhole Time Director, Director of Marketing, Director - Bangalore Complex
  • Vikraman NagarajanDirector - Human Resources, Whole-Time Director
  • Kamesh KasanaDirector - Other Units, Whole Time Director

Company facts

  • NSE symbolBEL
  • BSE code500049
  • ISININE263A01024
  • IndustryAerospace & Defense
  • IndexNIFTY 50, NIFTY 500
  • Market cap₹2,88,846 Cr
  • Revenue (FY26)₹27,610 Cr
  • Net profit (FY26)₹6,062 Cr

In the News

Recent headlines about Bharat Electronics — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →

Frequently Asked Questions

Bharat Electronics (NSE: BEL) last traded at ₹396.10 on the NSE, down 0.47% (₹1.87) on the day, as of 24 Sep 2026, 8:20 AM. On the BSE it was ₹395.15. The day's range was ₹393.60 – ₹398.00.

Bharat Electronics's 52-week high is ₹473.25 (6 Mar 2026) and its 52-week low is ₹380.35 (18 Dec 2025). At ₹396.10 the share is 16.3% below its high and 4.1% above its low.

Bharat Electronics's market capitalisation is ₹2,88,846 Cr (₹2.89L Cr). It is part of the NIFTY 50 index.

Bharat Electronics's P/E ratio (trailing 12 months) is 49.04. The sector average is 54.02, so investors pay 9% less for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹8.40.

Bharat Electronics shares are down 2.08% over the last year, down 0.89% so far this year, down 4.21% over 6 months, down 4.23% over 3 months. Over the last year the stock did 7.44% better than the market.

In FY26 (year to Mar 2026), Bharat Electronics reported revenue of ₹27,610 Cr (up 16.16% on the year before) and a net profit of ₹6,062 Cr. Earnings per share were ₹8.29.

Yes. Bharat Electronics's latest dividend is ₹0.55 per share (55%, final dividend), with an ex-date of 13 Aug 2026. The dividend yield is 0.63%. It has paid 8 dividends in the records shown on this page.

Of 31 analysts covering Bharat Electronics, 29 are bullish (8 strong buy, 21 buy), 0 say hold and 2 are bearish. The consensus is Buy (average rating 1.87 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.

As of Jun 2026: Promoter 51.14%, FII 18.02%, MF 14.99%, Other 15.85%.

Bharat Electronics's listed peers in Aerospace & Defense include Hindustan Aeronautics, Bharat Dynamics, Data Patterns (India), Astra Microwave Products, Aequs. By market capitalisation it ranks #2 of 6 in this group.