Bharat Electronics Limited

Industrials›Capital Goods›Aerospace & Defense›Aerospace & Defense

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Key metrics

Price as of 2026-07-17

Stock price
₹409.45
Market cap
2,99,300 Cr
Stock P/E
44.9
P/B
12.47
Dividend yield
0.7%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Sales3,533 Cr7,542 Cr11,704 Cr20,268 Cr4,244 Cr8,848 Cr5,771 Cr9,150 Cr4,440 Cr5,792 Cr7,154 Cr10,224 Cr
Operating expenses (approx.)2,720 Cr5,578 Cr8,500 Cr14,552 Cr3,092 Cr6,139 Cr4,101 Cr6,139 Cr3,038 Cr3,936 Cr4,888 Cr7,133 Cr
EBITDA813 Cr1,964 Cr3,204 Cr5,717 Cr1,152 Cr2,709 Cr1,669 Cr3,011 Cr1,402 Cr1,856 Cr2,266 Cr3,092 Cr
OPM %23.0%26.0%27.4%28.2%27.1%30.6%28.9%32.9%31.6%32.0%31.7%30.2%
Other income140 Cr277 Cr445 Cr670 Cr204 Cr361 Cr186 Cr195 Cr163 Cr154 Cr139 Cr110 Cr
Interest1 Cr3 Cr3 Cr7 Cr1 Cr3 Cr1 Cr6 Cr1 Cr2 Cr2 Cr2 Cr
Depreciation109 Cr217 Cr325 Cr443 Cr108 Cr219 Cr111 Cr138 Cr121 Cr126 Cr135 Cr173 Cr
Profit before tax703 Cr1,744 Cr2,876 Cr5,266 Cr1,043 Cr2,488 Cr1,744 Cr2,867 Cr1,279 Cr1,728 Cr2,128 Cr2,917 Cr
Tax %24.8%24.9%25.0%25.1%25.1%25.0%25.4%26.0%24.9%26.0%26.2%24.1%
Net profit539 Cr1,328 Cr2,189 Cr3,985 Cr791 Cr1,884 Cr1,312 Cr2,127 Cr969 Cr1,287 Cr1,580 Cr2,226 Cr
EPS (₹)₹0.74₹1.82₹2.99₹5.45₹1.08₹2.58₹1.79₹2.91₹1.33₹1.76₹2.16₹3.04

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Standalone onlyMar 2020Standalone onlyMar 2021Standalone onlyMar 2022Standalone onlyMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales12,164 Cr12,968 Cr14,109 Cr15,368 Cr17,734 Cr20,268 Cr23,769 Cr27,610 CrSign in for TTM
Operating expenses (approx.)9,185 Cr10,114 Cr10,773 Cr11,796 Cr13,649 Cr15,222 Cr16,193 Cr18,995 CrSign in for TTM
EBITDA2,979 Cr2,854 Cr3,335 Cr3,572 Cr4,086 Cr5,046 Cr7,576 Cr8,615 CrSign in for TTM
OPM %24.5%22.0%23.6%23.2%23.0%24.9%31.9%31.2%Sign in for TTM
Other income73 Cr99 Cr125 Cr232 Cr281 Cr670 Cr742 Cr566 CrSign in for TTM
Interest13 Cr4 Cr6 Cr5 Cr15 Cr7 Cr10 Cr7 CrSign in for TTM
Depreciation338 Cr372 Cr387 Cr401 Cr429 Cr443 Cr467 Cr556 CrSign in for TTM
Profit before tax2,628 Cr2,478 Cr2,942 Cr3,166 Cr3,923 Cr5,266 Cr7,099 Cr8,053 CrSign in for TTM
Tax %29.7%27.7%29.7%25.6%25.0%25.1%25.5%25.2%Sign in for TTM
Net profit1,887 Cr1,825 Cr2,100 Cr2,400 Cr2,986 Cr3,985 Cr5,323 Cr6,062 CrSign in for TTM
EPS (₹)₹7.74₹7.49₹8.62₹9.85₹4.09₹5.45₹7.28₹8.29Sign in for TTM
Dividend payout %———42.6%41.6%36.7%31.6%34.4%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Standalone onlyMar 2020Standalone onlyMar 2021Standalone onlyMar 2022Standalone onlyMar 2023Mar 2024Mar 2025Mar 2026
Equity capital244 Cr244 Cr244 Cr244 Cr731 Cr731 Cr731 Cr731 Cr
Reserves8,968 Cr9,828 Cr10,816 Cr12,042 Cr13,131 Cr15,595 Cr19,243 Cr23,257 Cr
Borrowings————————
Other liabilities11,445 Cr14,058 Cr18,245 Cr21,466 Cr21,612 Cr23,182 Cr20,839 Cr20,530 Cr
Total liabilities20,463 Cr23,911 Cr29,053 Cr33,450 Cr35,491 Cr39,527 Cr40,832 Cr44,538 Cr
Fixed assets (net)2,060 Cr2,497 Cr2,423 Cr2,455 Cr2,694 Cr2,788 Cr3,205 Cr3,482 Cr
CWIP275 Cr199 Cr351 Cr399 Cr361 Cr456 Cr477 Cr486 Cr
Investments1,019 Cr1,162 Cr1,331 Cr1,554 Cr449 Cr531 Cr582 Cr625 Cr
Other assets15,835 Cr18,627 Cr23,596 Cr27,159 Cr30,049 Cr34,064 Cr34,859 Cr38,059 Cr
Total assets20,463 Cr23,911 Cr29,053 Cr33,450 Cr35,491 Cr39,527 Cr40,832 Cr44,538 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Standalone onlyMar 2020Standalone onlyMar 2021Standalone onlyMar 2022Standalone onlyMar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———4,207 Cr1,267 Cr4,659 Cr587 Cr1,541 Cr
Cash from investing———-4,872 Cr2,691 Cr-5,924 Cr617 Cr1,730 Cr
Cash from financing———-1,078 Cr-1,313 Cr-1,475 Cr-1,696 Cr-2,097 Cr
Net cash flow———-1,742 Cr2,645 Cr-2,739 Cr-493 Cr1,175 Cr
Free cash flow (OCF − Capex)———3,653 Cr676 Cr4,007 Cr-425 Cr556 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019Standalone onlyMar 2020Standalone onlyMar 2021Standalone onlyMar 2022Standalone onlyMar 2023Mar 2024Mar 2025Mar 2026
ROCE %28.7%24.6%26.7%25.8%26.3%28.2%35.6%33.6%
ROE %20.5%18.1%19.0%19.5%21.5%24.4%26.6%25.3%
Debtor days162190170145144133——
Inventory days302242266248250259264267
Days payable98150178151129129——
Cash conversion cycle365282257242265263264267
Debt / equity0.00———————
Current ratio1.521.461.411.391.461.551.761.98
Net debt / EBITDA0.000.000.000.00-0.97-0.24-0.09-0.22

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