Bharat Electronics Ltd. (BEL) fundamentals
Bharat Electronics Ltd. is a listed company in Aerospace & Defense, part of the Capital Goods sector, listed on the NSE as BEL (ISIN INE263A01024). This page carries its reported financials, balance sheet, cash flow, shareholding pattern and valuation ratios.
What Bharat Electronics Ltd. does
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.
Valuation and market data
| Last close | ₹404.35 |
|---|---|
| Market capitalisation | ₹2.94 lakh crore |
| Enterprise value | ₹2.93 lakh crore |
| P/E (TTM) | 48.78 |
| Price to book | 12.24 |
| Price to sales (TTM) | 6.31 |
| Book value per share | ₹33.04 |
| Dividend yield | 61.83% |
| Sector | Capital Goods |
| Industry | Aerospace & Defense |
| Listed since | Wed Jul 19 |
Annual results
| Period | Revenue | Profit before tax | Net profit | EPS |
|---|---|---|---|---|
| Mar 2026 | ₹28,176 crore | ₹8,053 crore | ₹6,023 crore | 8.29 |
| Mar 2025 | ₹24,511 crore | ₹7,099 crore | ₹5,287 crore | 7.28 |
| Mar 2024 | ₹20,938 crore | ₹5,266 crore | ₹3,943 crore | 5.45 |
| Mar 2023 | ₹18,015 crore | ₹3,923 crore | ₹2,940 crore | 4.09 |
| Mar 2022 | ₹15,600 crore | ₹3,166 crore | ₹2,354 crore | 9.85 |
Figures are as reported (consolidated), in ₹ crore.
Shareholding pattern
As of Jun 2026:
| Promoters | 51.1% |
|---|---|
| Foreign institutions (FII) | 18.0% |
| Mutual funds | 15.0% |
| Other domestic institutions | 6.0% |
| Retail and others | 9.8% |
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Data is sourced from exchange filings and vendor feeds and is for research, not investment advice. Figures can be restated by the company after publication.