Bharat Electronics Share Price, Fundamentals and Financials
Track Bharat Electronics Limited live share price with 52 week high and low, interactive chart views, quick fundamentals, business segments, financial highlights, shareholding pattern, peer comparison, dividends, bonuses/splits and investor FAQs.
₹419.85
+₹12.30 · +3.02%
Symbol: BEL.NSExchange: NSIUpdated: 17 Jun 2026, 19:56:12 IST
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Quick Fundamentals
Market Cap—Latest available market feedCurrent Price₹419.85Latest available market price52W High / Low— / —Latest available 52 week rangeStock P/E—Valuation multipleBook Value—Per shareDividend Yield—Trailing yieldPrice to Book—Book valuationEPS TTM—Trailing earnings per shareVolume0Latest available volume
Market data can change during trading hours. Please verify the latest price, 52 week range, market cap and valuation ratios from NSE, BSE, company filings or your broker platform before making financial decisions.
About Bharat Electronics Limited
Bharat Electronics Limited is a Government of India defence public sector undertaking and a major Indian defence electronics manufacturer. The company is known for radars, communication systems, electronic warfare, naval systems, electro-optics, network-centric systems, homeland security solutions and strategic electronics used by defence and government customers.
For customers, BEL is mainly an institutional and strategic supplier rather than an ordinary retail electronics brand. For investors, the business is usually studied through order book strength, order inflow, project execution, operating margins, working capital, receivables, cash generation, return ratios and dividend history.
Because defence and public-sector orders can have long execution cycles, users should read the latest annual report, quarterly results, exchange announcements and investor presentations to understand current opportunities and risks.
Business segments and investor focus
BEL is primarily tracked as a defence electronics and aerospace systems company. Its peer group may include other Indian defence and aerospace companies, but each peer can have a different business model, order cycle, margin profile and valuation range.
Business Segments
Bharat Electronics works across defence electronics and selected non-defence technology areas. The table below is an educational overview and should be read with the latest company annual report and exchange filings.
Major business areas
Segment / Area
What it covers
Why it matters for users and investors
Defence electronics
Radars, fire-control systems, weapon electronics, communication equipment, naval systems and electronic warfare solutions.
This is the core revenue engine and is linked to defence modernisation, indigenous manufacturing and order execution.
Communication and network-centric systems
Secure communication, tactical communication, C4I, data links and battlefield network solutions.
These systems support real-time coordination and are important for modern defence operations.
Non-defence and civilian products
Homeland security, smart city solutions, e-mobility, electronic voting, medical electronics, space electronics and selected industrial systems.
This can diversify revenue, though defence remains the primary business driver.
Exports and strategic partnerships
Export orders, offsets, technology partnerships and international defence opportunities.
Exports can expand the addressable market but may involve long sales cycles and approvals.
Business Model
BEL earns revenue by designing, manufacturing, integrating and servicing complex electronics systems. Many projects are order-based and can involve long development, testing, acceptance and delivery timelines. Revenue growth therefore depends not only on order wins but also on execution speed, supply-chain availability and customer approvals.
The company benefits from India’s focus on defence indigenisation and strategic electronics, but investors should also watch receivable days, inventory days, capital expenditure, R&D needs, competition in tenders and whether margins remain sustainable as project mix changes.
Shareholding Pattern
Shareholding pattern in percentage
Category
Mar 2024
Mar 2025
Mar 2026
Promoters
51.14%
51.14%
51.14%
FIIs
17.56%
17.55%
19.51%
DIIs
22.63%
20.87%
20.00%
Public
8.66%
10.43%
9.37%
No. of Shareholders
13,64,873
26,78,435
25,30,896
Shareholding data changes every quarter. Verify the latest promoter, FII, DII, mutual fund and public holding from official NSE/BSE shareholding pattern filings before relying on the table.
Profit and Loss / Financial Highlights
Consolidated figures in ₹ crore
Particulars
Mar 2024
Mar 2025
Mar 2026
Sales
₹20,268 Cr
₹23,769 Cr
₹27,610 Cr
Expenses
₹15,217 Cr
₹16,932 Cr
₹19,561 Cr
Operating Profit
₹5,051 Cr
₹6,837 Cr
₹8,049 Cr
Operating Margin
25%
29%
29%
Other Income
₹670 Cr
₹742 Cr
₹566 Cr
Profit Before Tax
₹5,266 Cr
₹7,099 Cr
₹8,053 Cr
Net Profit
₹3,985 Cr
₹5,323 Cr
₹6,062 Cr
EPS
₹5.45
₹7.28
₹8.29
Dividend Payout
40%
33%
30%
Financial figures are provided for educational page context. Please verify the latest audited and quarterly numbers from official exchange filings, annual reports and company disclosures.
Balance Sheet Highlights
Consolidated figures in ₹ crore
Particulars
Mar 2024
Mar 2025
Mar 2026
Equity Capital
₹731 Cr
₹731 Cr
₹731 Cr
Reserves
₹15,595 Cr
₹19,243 Cr
₹23,257 Cr
Borrowings
₹63 Cr
₹61 Cr
₹65 Cr
Other Liabilities
₹23,136 Cr
₹20,788 Cr
₹20,484 Cr
Total Liabilities
₹39,524 Cr
₹40,824 Cr
₹44,538 Cr
Fixed Assets
₹3,035 Cr
₹3,419 Cr
₹4,366 Cr
Capital Work in Progress
₹894 Cr
₹1,052 Cr
₹486 Cr
Investments
₹682 Cr
₹743 Cr
₹800 Cr
Other Assets
₹34,913 Cr
₹35,610 Cr
₹38,886 Cr
Total Assets
₹39,524 Cr
₹40,824 Cr
₹44,538 Cr
Balance sheet analysis should include receivables, inventory, advances, borrowings, cash, capital work in progress and contingent liabilities. Always verify the latest balance sheet from official filings.
Cash Flow Highlights
Consolidated figures in ₹ crore
Particulars
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
₹4,659 Cr
₹587 Cr
₹1,541 Cr
Cash from Investing Activity
-₹5,924 Cr
₹617 Cr
₹1,730 Cr
Cash from Financing Activity
-₹1,475 Cr
-₹1,696 Cr
-₹2,097 Cr
Net Cash Flow
-₹2,739 Cr
-₹493 Cr
₹1,175 Cr
Free Cash Flow
₹4,015 Cr
-₹422 Cr
₹560 Cr
CFO / Operating Profit
120%
33%
44%
For order-driven businesses, profit and cash flow can differ because of receivables, inventory, milestone billing and project timing. Check current cash flow statements in official reports.
Key Ratios
Key operating, return and growth ratios
Metric
Mar 2024
Mar 2025
Mar 2026
Debtor Days
133
140
170
Inventory Days
257
273
265
Cash Conversion Cycle
262 days
313 days
342 days
Working Capital Days
18 days
85 days
135 days
ROCE
35%
39%
37%
Compounded Sales Growth
10Y: 14%
5Y: 14%
3Y: 16%
Compounded Profit Growth
10Y: 16%
5Y: 24%
3Y: 27%
Stock Price CAGR
10Y: 27%
5Y: 53%
3Y: 48%
Ratios are useful screening tools, not recommendations. Compare them with peers, historical averages and the latest reported financials.
Cash Flow and Business Segment Monitorables
Retail investors often focus only on share price, but BEL should also be studied through execution quality and balance sheet discipline.
What to watch beyond share price
Monitorable
Why it matters
Order book
Shows revenue visibility from confirmed contracts. Large order books still require timely execution and customer acceptance.
Order inflow
New orders help refresh the future pipeline and show demand across defence and non-defence segments.
Margins
Operating margin can move with product mix, imported content, project complexity and execution timing.
Working capital
Defence projects can create receivables, inventory and milestone-payment timing issues.
R&D and indigenisation
Technology capability and domestic content can influence long-term competitiveness.
Peer Comparison
Selected Indian defence and aerospace peers
Company
NSE Symbol
Main business focus
Useful comparison point
Bharat Electronics Limited
BEL
Defence electronics, radars, communication systems and system integration
Order book, margins, working capital and return ratios
Hindustan Aeronautics Limited
HAL
Aircraft, helicopters, aerospace platforms and maintenance
Aerospace platform cycle and defence capex
Bharat Dynamics Limited
BDL
Missiles, torpedoes and defence equipment
Order inflow, execution visibility and product mix
Mazagon Dock Shipbuilders Limited
MAZDOCK
Warship and submarine shipbuilding
Project execution, contract milestones and shipyard capacity
Data Patterns India Limited
DATAPATTNS
Defence and aerospace electronics systems
Electronics design capability and niche margins
Paras Defence and Space Technologies Limited
PARAS
Defence optics, space and engineering solutions
Scale, order wins and technology positioning
Peer comparison should be updated with current market cap, valuation multiples, order book and latest financials from official sources or reliable market data platforms.
Dividends, Bonuses and Splits
Dividends
Year
Dividend Detail
Note
FY 2025-26
Interim dividend of ₹1.95 per equity share; final dividend of ₹0.55 recommended
Verify record date, approval status and payment details from NSE, BSE and company filings.
FY 2024-25
Final dividend of ₹0.90 per equity share and interim dividend of ₹1.50 per equity share were reported
Check official corporate action filings for exact ex-date and record-date information.
FY 2023-24
Interim and final dividends were reported during the year
Use official exchange filings for the latest confirmed dividend history.
Bonuses / Splits
Action
Detail
Note
Bonus Issue
2:1 bonus issue in 2022; earlier bonus issues were also reported
Verify ex-date, record date and adjusted price history before using the data.
Face Value Split
Face value split from ₹10 to ₹1 in 2017
Always confirm split history from official exchange records.
Current Face Value
₹1 per equity share
Face value can affect dividend percentage calculations and should be verified from current filings.
Corporate actions require exact ex-date, record date and exchange adjustment details. Verify the latest financial, dividend, bonus, split and shareholding details from official exchange filings and company announcements.
Bharat Electronics customer and investor FAQs
These FAQs answer common AI-search-style questions about Bharat Electronics, its products, business model, risks, dividends, corporate actions and investor monitorables.
What is Bharat Electronics Limited and what does it do?
Bharat Electronics Limited, commonly known as BEL, is an Indian public sector defence electronics company under the Ministry of Defence. It designs, manufactures and supplies electronic systems such as radars, communication systems, electronic warfare systems, naval systems, electro-optics, network-centric systems, homeland security solutions and selected civilian products.
What is the NSE symbol and BSE code of Bharat Electronics?
The NSE symbol used for Bharat Electronics is BEL. For Yahoo Finance-compatible live quote and chart data, this page uses BEL.NS. The BSE code is 500049 and the ISIN is INE263A01024.
How does Bharat Electronics make money?
BEL mainly earns revenue by executing defence and strategic electronics orders for the Indian armed forces and government agencies. It also has non-defence opportunities in areas such as smart cities, homeland security, e-mobility, electronic components, medical electronics, space electronics and other civilian technology projects.
Who are the main customers of Bharat Electronics?
BEL primarily serves defence and government customers, including the Army, Navy, Air Force and other strategic public-sector or government-backed users. Some non-defence products may serve public infrastructure, security, transport, space, communication and institutional customers.
Is Bharat Electronics only a defence company?
BEL is best known as a defence electronics company, but it also works on non-defence and civilian technology products. For investors, defence electronics remains the core business driver, while non-defence initiatives can add diversification over time.
What should beginners track before studying Bharat Electronics share price?
Beginners should track order inflow, order book, revenue execution, operating margin, working capital, receivables, cash flow, dividend announcements, government defence spending, competitive position, valuation ratios and official exchange filings.
What are the key risks for Bharat Electronics investors?
Important risks include dependence on government and defence orders, delays in large project execution, receivable build-up, higher working capital needs, technology obsolescence, competitive tendering, margin pressure, supply-chain constraints and valuation risk if the share price runs ahead of earnings.
Does Bharat Electronics pay dividends?
BEL has a history of paying dividends, but dividend amount, record date and payment date can change every year. Investors should verify the latest dividend information from company announcements, NSE filings and BSE filings before making any decision.
Has Bharat Electronics issued bonus shares or split its stock?
BEL has a history of corporate actions, including bonus issues and a face value split. Corporate action history should always be verified from official exchange filings because ex-dates, record dates and adjustment details are important for investors.
How should customers approach Bharat Electronics for products or vendor opportunities?
Most BEL products and procurement processes are institutional rather than ordinary retail purchases. Customers, suppliers and vendors should use official BEL channels, tender portals, procurement notices and authorised communication routes instead of relying on informal third-party information.
Is Bharat Electronics a PSU stock?
Yes. Bharat Electronics is a Government of India defence public sector undertaking. PSU ownership can support strategic importance, but investors should still evaluate execution, cash flows, governance, valuation and future growth drivers independently.
What is the order book and why does it matter for Bharat Electronics?
The order book shows the value of confirmed work that BEL is expected to execute over future periods. A strong order book can improve revenue visibility, but investors should also monitor margins, execution timelines, customer payments and new order wins.
How does Bharat Electronics compare with HAL, Bharat Dynamics and other defence companies?
BEL is focused mainly on electronics, sensors, communication, radar and systems integration. HAL is more aerospace-platform focused, Bharat Dynamics is more missile and defence manufacturing focused, and shipbuilding or niche electronics peers have different business cycles. Investors should compare them by order book, margins, cash flow, return ratios, valuation and execution risk.
Does this page provide a buy or sell recommendation on Bharat Electronics?
No. This page is educational and informational. It helps users understand Bharat Electronics share price, live chart, fundamentals, financial highlights and monitorables, but it does not provide buy, sell or hold recommendations.