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Bharat Electronics Limited (BEL.NS)
Bengaluru, KA, IN
Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. The company's defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, upgrades, shelters and masts, simulators, batteries, components and devices, fuzes and unmanned systems; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and micro-electro mechanical systems, such as pressure transducers, and conductivity temperature and depth sensors. Its non-defense products comprise e-governance systems, homeland security products, civilian radars, and telecom and broadcast systems; integrated traffic management systems, real time train information systems, and solar power solutions; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, and multichannel voice logging recorder systems. It also provides electronic manufacturing services, including PCB assembly and testing, precision fabrication, microwave integrated circuit assemblies, super components modules, cable assemblies, and antennae manufacturing services; designs and manufactures transformers, coils, chokes, and sub-assemblies; and software services. In addition, the company offers cyber security products, such as data diodes and secure storage products; EV charging stations; and platform screen doors. Further, the company provides security architecture conceptualization and consulting, and information security audit services. It exports its products to the United States, France, Spain, the United Kingdom, Mauritius, Seychelles, Mauritius, the Republic of Armenia, Sri Lanka, Sweden, and Israel. Bharat Electronics Limited was incorporated in 1954 and is headquartered in Bengaluru, India.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.93% | -1.73% | -6.29% | -4.26% | +3.15% | +4.23% | +8.31% | +282.81% | +696.67% | +1,139.58% | +187,326.87% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 7 | 0 |
| Buy | 17 | +1 |
| Hold | 1 | 0 |
| Sell | 1 | -1 |
| Strong Sell | 4 | +1 |
-
Revenue growth+17.3% Q1'26: +11.7% (vs Q1'25)
-
EPS growth+33.6% Q1'26: +4.5% (vs Q1'25)
-
FCF margin-0.7% Q1'26: -13.1% (vs Q1'25)
-
EBIT margin+26.8% Q1'26: +27.5% (vs Q1'25)
-
ROIC+45.0% Q1'26: +55.1% (vs Q1'25)
-
Share dilution+0.0% Q1'26: +0.1% (vs Q1'25)
-
Debt / EBITDA0.01× Q1'26: 0.01× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2011 actual |
Mar 2012 actual |
Mar 2013 actual |
Mar 2014 actual |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 16 Rev. Ana. 15 EPS Ana. |
Mar 2027 12 Rev. Ana. 16 EPS Ana. |
Mar 2028 15 Rev. Ana. 15 EPS Ana. |
Mar 2029 11 Rev. Ana. 10 EPS Ana. |
Mar 2030 7 Rev. Ana. 6 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
56.27B
est: 59.05B (-4.7%)
|
57.92B
est: 60.70B (-4.6%)
|
62.17B
est: 60.08B (+3.5%)
|
64.14B
est: 64.38B (-0.4%)
|
69.90B
est: 68.53B (+2.0%)
|
73.54B
est: 74.25B (-1.0%)
|
86.68B
est: 84.48B (+2.6%)
|
104.01B
est: 106.17B (-2.0%)
|
121.64B
est: 119.28B (+2.0%)
|
129.68B
est: 119.96B (+8.1%)
|
141.09B
est: 136.08B (+3.7%)
|
153.68B
est: 156.59B (-1.9%)
|
177.34B
est: 177.74B (-0.2%)
|
202.68B
est: 200.76B (+1.0%)
|
237.69B
est: 234.58B (+1.3%)
|
275.62B
268.07B – 281.04B
+17.5% YoY
|
319.60B
315.75B – 323.27B
+16.0% YoY
|
373.96B
354.69B – 392.86B
+17.0% YoY
|
427.46B
413.22B – 441.36B
+14.3% YoY
|
510.77B
493.76B – 527.38B
+19.5% YoY
|
| EBITDA |
13.15B
est: 14.63B (-10.1%)
|
12.29B
est: 16.08B (-23.6%)
|
6.71B
est: 17.90B (-62.5%)
|
9.38B
est: 19.80B (-52.6%)
|
11.74B
est: 20.19B (-41.9%)
|
13.90B
est: 23.09B (-39.8%)
|
17.88B
est: 27.52B (-35.0%)
|
20.41B
est: 32.76B (-37.7%)
|
29.62B
est: 27.30B (+8.5%)
|
27.69B
est: 31.15B (-11.1%)
|
32.89B
est: 29.93B (+9.9%)
|
33.23B
est: 35.50B (-6.4%)
|
40.88B
est: 40.32B (+1.4%)
|
51.14B
est: 45.82B (+11.6%)
|
68.09B
est: 60.52B (+12.5%)
|
70.40B
68.47B – 71.78B
+16.3% YoY
|
81.63B
80.65B – 82.57B
+16.0% YoY
|
95.52B
90.60B – 100.35B
+17.0% YoY
|
109.18B
105.55B – 112.73B
+14.3% YoY
|
130.46B
126.12B – 134.71B
+19.5% YoY
|
| EBIT |
11.88B
est: 7.46B (+59.3%)
|
11.03B
est: 8.18B (+34.9%)
|
5.37B
est: 5.07B (+6.0%)
|
7.89B
est: 5.60B (+40.8%)
|
10.07B
est: 8.99B (+12.1%)
|
11.99B
est: 10.69B (+12.2%)
|
15.76B
est: 13.19B (+19.5%)
|
17.69B
est: 19.60B (-9.7%)
|
26.24B
est: 19.81B (+32.5%)
|
24.02B
est: 26.04B (-7.7%)
|
29.12B
est: 24.98B (+16.6%)
|
29.41B
est: 29.63B (-0.7%)
|
36.84B
est: 33.66B (+9.4%)
|
47.01B
est: 38.24B (+22.9%)
|
63.68B
est: 55.46B (+14.8%)
|
64.52B
62.75B – 65.79B
+16.3% YoY
|
74.81B
73.91B – 75.67B
+16.0% YoY
|
87.54B
83.03B – 91.96B
+17.0% YoY
|
100.06B
96.73B – 103.31B
+14.3% YoY
|
119.56B
115.58B – 123.45B
+19.5% YoY
|
| Net Income |
8.78B
est: 7.88B (+11.5%)
|
8.47B
est: 9.02B (-6.1%)
|
9.11B
est: 8.38B (+8.7%)
|
9.51B
est: 9.76B (-2.5%)
|
11.97B
est: 10.87B (+10.1%)
|
13.37B
est: 12.68B (+5.5%)
|
15.24B
est: 14.72B (+3.5%)
|
14.32B
est: 18.95B (-24.4%)
|
18.86B
est: 16.03B (+17.7%)
|
18.24B
est: 19.12B (-4.6%)
|
20.99B
est: 18.97B (+10.7%)
|
23.99B
est: 22.50B (+6.6%)
|
29.84B
est: 25.56B (+16.8%)
|
39.85B
est: 29.04B (+37.2%)
|
53.21B
est: 48.31B (+10.2%)
|
60.43B
58.08B – 63.89B
+25.1% YoY
|
70.70B
67.46B – 75.53B
+17.0% YoY
|
83.64B
79.53B – 91.31B
+18.3% YoY
|
95.44B
91.31B – 99.48B
+14.1% YoY
|
118.46B
113.33B – 123.47B
+24.1% YoY
|
| SGA |
4.23B
est: 11.05B (-61.8%)
|
2.43B
est: 11.03B (-78.0%)
|
14.00B
est: 15.29B (-8.4%)
|
15.05B
est: 17.48B (-13.9%)
|
13.28B
est: 19.23B (-30.9%)
|
12.67B
est: 19.54B (-35.2%)
|
15.59B
est: 20.79B (-25.0%)
|
17.88B
est: 26.60B (-32.8%)
|
18.95B
est: 27.60B (-31.3%)
|
20.75B
est: 29.44B (-29.5%)
|
19.60B
est: 30.49B (-35.7%)
|
21.59B
est: 36.16B (-40.3%)
|
23.67B
est: 41.07B (-42.4%)
|
25.36B
est: 46.67B (-45.7%)
|
28.10B
est: 28.65B (-1.9%)
|
33.33B
32.42B – 33.99B
+16.3% YoY
|
38.65B
38.19B – 39.10B
+16.0% YoY
|
45.23B
42.89B – 47.51B
+17.0% YoY
|
51.69B
49.97B – 53.38B
+14.3% YoY
|
61.77B
59.71B – 63.78B
+19.5% YoY
|
| EPS |
1.11
est: 3.07 (-63.8%)
|
1.07
est: 2.99 (-64.2%)
|
1.15
est: 2.93 (-60.7%)
|
1.20
est: 3.27 (-63.3%)
|
1.51
est: 1.44 (+4.5%)
|
1.69
est: 1.64 (+2.8%)
|
1.98
est: 2.08 (-4.6%)
|
1.94
est: 2.21 (-12.2%)
|
2.58
est: 2.38 (+8.3%)
|
2.50
est: 2.22 (+12.5%)
|
2.87
est: 2.43 (+18.1%)
|
3.28
est: 3.31 (-1.0%)
|
4.08
est: 3.90 (+4.7%)
|
5.45
est: 5.00 (+8.9%)
|
7.28
est: 6.68 (+9.0%)
|
8.26
7.94 – 8.74
+23.8% YoY
|
9.67
9.23 – 10.33
+17.0% YoY
|
11.44
10.88 – 12.49
+18.3% YoY
|
13.05
12.49 – 13.60
+14.1% YoY
|
16.20
15.50 – 16.88
+24.1% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-22 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-21 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-20 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 1/5 |
| 2026-05-19 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-18 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-15 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-14 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-13 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-12 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-11 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-08 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-15 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-13 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-10 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
No beneficial ownership filings recorded.
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | STANLEY-LAMAN GROUP, LTD. | 1.25M +— (+0.0%) | 5.47M -217.1K (-3.8%) | 0.02% +0.000 pp | 0.70% -0.115 pp | INR49.68 -91.1% | 24 qtrs — |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Manoj Jain | MD & Chairman | 10M | male |
| Nagarajan Vikraman | Director of HR & Whole-Time Director | 8M | male |
| Damodar Bhattad | Chief Financial Officer, Director of Finance & Whole-Time Director | 8M | male |
| Kaipa Venkata Suresh Kumar | Director of Marketing, Chief Indigenization Officer & Whole-Time Director | 8M | male |
| Rajnish Sharma | Director of Bangalore Complex & Director | 6M | male |
| Binoy Kumar Das | Part-Time Government Nominee Director | — | — |
| Sripada Sreenivas | Company Secretary & Compliance Officer | — | male |
| Dharani | Chief Technology Officer of R&WS- CO | — | female |
| Hari Kumar | Director of R&D and Director | — | male |
| Kalyani Sethuraman | Chief Vigilance Officer | — | female |
| Kamesh Kasana | Director of Other Units & Whole Time Director | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for BEL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
