as of —
₹—
Change
—
Day Open
₹—
Day High
₹—
Day Low
₹—
NSE Close — 25 Sep 2026
₹393.55
Change
+1.55 (0.4%)
Open
₹392.0
Prev. Close
₹392.0
Day High
₹394.55
Day Low
₹388.6
Volume Analysis
Traded
6,083,441
Delivered
3,395,315
Delivery %
55.81%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (2)
- •Strong return on equity (27.4%)
- •Strong operating margin (29.0%)
Weaknesses (0)
No signal for this stock
Opportunities (3)
- •Strong 3-year EPS growth (26.7%)
- •Strong 3-year revenue growth (15.9%)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹401.81 | ₹398.18 | ₹395.86 | ₹392.23 | ₹389.91 | ₹386.28 | ₹383.96 |
| Fibonacci | ₹398.18 | ₹395.91 | ₹394.5 | ₹392.23 | ₹389.96 | ₹388.55 | ₹386.28 |
| Camarilla | ₹395.19 | ₹394.64 | ₹394.1 | ₹392.23 | ₹393.0 | ₹392.46 | ₹391.91 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-1.04%
1 Week
-1.24%
1 Month
-4.45%
3 Months
-4.43%
6 Months
-6.01%
1 Year
-0.59%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹78.22
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
24.69%
Net margin 21.41% × asset turnover 0.62x × equity multiplier 1.86x
Company Overview
Sector
Capital Goods
Market Cap
₹291,624 Cr
P/E (TTM)
47.4
ROE
27.4%
Book Value
₹32.8
Face Value
₹1.0
Source: Screener.in (Consolidated figures) — data as of 23 Sep 2026. Not investment advice.
TopFund Analysis
Bharat Electronics Ltd holds up reasonably well on TopFund's composite fundamentals check within the Capital Goods sector, at 68/100. The strongest factor is Financial Strength (100/100), while Valuation (2/100) is the weakest area to weigh before deciding. Notably: Strong return on equity (27.4%); strong operating margin (29.0%). Strong 3-year EPS growth (26.7%).
TopFund Score — Fundamentals Quality
68/100 — GoodData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company is almost debt free.
- +Company has delivered good profit growth of 23.5% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%
- +Company has been maintaining a healthy dividend payout of 34.5%
- −Stock is trading at 12.2 times its book value
- −Company has high debtors of 170 days.
- −Working capital days have increased from 79.4 days to 135 days
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
BEL secured additional orders worth Rs.648 crore since 26 August 2026.
BEL appoints M/s Rao & Emmar as statutory auditors for FY 2026-27.
Final dividend of Rs 0.55 per share will be paid on 09.09.2026.
Newspaper Publication - Notice of Loss of Share Certificates.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,533 | 4,009 | 4,162 | 8,564 | 4,244 | 4,605 | 5,771 | 9,150 | 4,440 | 5,792 | 7,154 | 10,224 | 5,547 |
| Expenses + | 2,860 | 2,995 | 3,090 | 6,277 | 3,295 | 3,205 | 4,101 | 6,334 | 3,201 | 4,090 | 5,027 | 7,243 | 4,159 |
| Operating Profit | 673 | 1,014 | 1,072 | 2,287 | 948 | 1,400 | 1,669 | 2,816 | 1,238 | 1,702 | 2,127 | 2,982 | 1,388 |
| OPM % | 19.0% | 25.0% | 26.0% | 27.0% | 22.0% | 30.0% | 29.0% | 31.0% | 28.0% | 29.0% | 30.0% | 29.0% | 25.0% |
| Other Income + | 140 | 137 | 167 | 225 | 204 | 158 | 186 | 195 | 163 | 154 | 139 | 110 | 170 |
| Interest | 1 | 2 | 1 | 4 | 1 | 1 | 1 | 6 | 1 | 2 | 2 | 2 | 1 |
| Depreciation | 109 | 108 | 107 | 119 | 108 | 111 | 111 | 138 | 121 | 126 | 135 | 173 | 161 |
| Profit before tax | 703 | 1,041 | 1,132 | 2,390 | 1,043 | 1,445 | 1,744 | 2,867 | 1,279 | 1,728 | 2,128 | 2,917 | 1,396 |
| Tax % | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 26.0% | 25.0% | 26.0% | 26.0% | 24.0% | 25.0% |
| Net Profit + | 539 | 790 | 860 | 1,797 | 791 | 1,093 | 1,312 | 2,127 | 969 | 1,287 | 1,580 | 2,226 | 1,055 |
| EPS in Rs | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 3 | 1 | 2 | 2 | 3 | 1 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 7,093 | 7,354 | 8,656 | 10,401 | 12,164 | 12,968 | 14,109 | 15,368 | 17,734 | 20,268 | 23,769 | 27,610 | 28,717 |
| Expenses + | 5,913 | 5,961 | 6,864 | 8,361 | 9,255 | 10,209 | 10,895 | 12,024 | 13,645 | 15,217 | 16,932 | 19,557 | 20,518 |
| Operating Profit | 1,179 | 1,393 | 1,792 | 2,039 | 2,909 | 2,759 | 3,214 | 3,344 | 4,090 | 5,051 | 6,837 | 8,053 | 8,199 |
| OPM % | 17.0% | 19.0% | 21.0% | 20.0% | 24.0% | 21.0% | 23.0% | 22.0% | 23.0% | 25.0% | 29.0% | 29.0% | 29.0% |
| Other Income + | 507 | 573 | 420 | 196 | 73 | 99 | 125 | 232 | 281 | 670 | 742 | 566 | 572 |
| Interest | 7 | 10 | 18 | 6 | 16 | 8 | 10 | 9 | 19 | 12 | 13 | 10 | 6 |
| Depreciation | 166 | 192 | 212 | 272 | 338 | 372 | 387 | 401 | 429 | 443 | 467 | 556 | 595 |
| Profit before tax | 1,513 | 1,764 | 1,983 | 1,957 | 2,628 | 2,478 | 2,942 | 3,166 | 3,923 | 5,266 | 7,099 | 8,053 | 8,170 |
| Tax % | 21.0% | 24.0% | 24.0% | 28.0% | 30.0% | 28.0% | 30.0% | 26.0% | 25.0% | 25.0% | 26.0% | 25.0% | — |
| Net Profit + | 1,197 | 1,337 | 1,523 | 1,431 | 1,887 | 1,825 | 2,100 | 2,400 | 2,986 | 3,985 | 5,323 | 6,062 | 6,148 |
| EPS in Rs | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 5 | 7 | 8 | 8 |
| Dividend Payout % | 20.0% | 31.0% | 33.0% | 34.0% | 44.0% | 37.0% | 46.0% | 46.0% | 44.0% | 40.0% | 33.0% | 30.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 8,037 | 9,006 | 7,512 | 7,772 | 8,968 | 9,828 | 10,816 | 12,042 | 13,131 | 15,595 | 19,243 | 23,257 |
| Borrowings + | 25 | 28 | 64 | 80 | 34 | 8 | 3 | 53 | 61 | 63 | 61 | 65 |
| Other Liabilities + | 7,587 | 9,330 | 9,800 | 10,868 | 11,575 | 14,271 | 18,430 | 21,574 | 21,567 | 23,136 | 20,788 | 20,473 |
| Total Liabilities | 15,729 | 18,605 | 17,600 | 18,965 | 20,821 | 24,351 | 29,492 | 33,912 | 35,490 | 39,524 | 40,824 | 44,527 |
| Fixed Assets + | 1,073 | 1,232 | 1,501 | 1,839 | 2,298 | 2,713 | 2,652 | 2,675 | 2,963 | 3,035 | 3,419 | 4,121 |
| CWIP | 140 | 430 | 743 | 940 | 849 | 828 | 883 | 1,006 | 855 | 894 | 1,052 | 731 |
| Investments | 0 | 462 | 491 | 937 | 964 | 1,110 | 1,306 | 1,572 | 650 | 682 | 743 | 800 |
| Other Assets + | 14,516 | 16,481 | 14,865 | 15,248 | 16,710 | 19,700 | 24,651 | 28,659 | 31,022 | 34,913 | 35,610 | 38,876 |
| Total Assets | 15,729 | 18,605 | 17,600 | 18,965 | 20,821 | 24,351 | 29,492 | 33,912 | 35,490 | 39,524 | 40,824 | 44,527 |
| Equity Capital | 80 | 240 | 223 | 244 | 244 | 244 | 244 | 244 | 731 | 731 | 731 | 731 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,434 | 2,260 | -61 | -687 | 1,514 | 2,570 | 5,093 | 4,207 | 1,199 | 4,659 | 564 | 1,541 |
| Cash from Investing Activity + | -839 | -1,470 | 3,115 | -6 | -896 | -649 | -2,595 | -4,872 | 2,708 | -5,924 | 639 | 1,730 |
| Cash from Financing Activity + | -209 | -318 | -2,857 | -1,202 | -663 | -1,061 | -1,076 | -1,078 | -1,262 | -1,475 | -1,696 | -2,097 |
| Net Cash Flow | 386 | 472 | 197 | -1,895 | -45 | 861 | 1,422 | -1,742 | 2,645 | -2,739 | -493 | 1,175 |
| CFO/OP | 152 | 193 | 33 | 0 | 79 | 114 | 175 | 150 | 55 | 120 | 33 | 44 |
| Free Cash Flow | 1,208 | 1,607 | -853 | -1,492 | 785 | 1,825 | 4,625 | 3,660 | 611 | 4,015 | -444 | 560 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 7.49% | 7.72% | 8.66% | 10.82% | 11.37% | 10.58% | 10.43% | 9.7% | 9.84% | 9.87% | 9.37% | 9.82% |
| Promoters | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% |
| FII | 17.19% | 17.77% | 17.56% | 17.43% | 17.27% | 17.34% | 17.55% | 18.56% | 18.14% | 18.51% | 19.51% | 18.02% |
| DII | 24.19% | 23.37% | 22.63% | 20.62% | 20.22% | 20.94% | 20.87% | 20.6% | 20.88% | 20.47% | 20.0% | 21.02% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Bharat Electronics Ltd (this stock) | 291,624 | 47.4 | 12.16 | 27.4% |
| Hindustan Aeronautics Ltd | 323,614 | 34.7 | 7.88 | 24.0% |
| Tata Motors Limited | 162,595 | 21.9 | 12.77 | 34.0% |
| ABB India Limited | 151,069 | 98.0 | 16.17 | 22.4% |
| BHEL | 146,786 | 60.3 | 5.62 | 6.23% |
| Cg Power And Ind Sol Ltd | 142,076 | 112.0 | 17.83 | 20.5% |
| Cummins India Ltd | 138,945 | 57.0 | 16.4 | 30.2% |
Which Mutual Funds Hold Bharat Electronics Ltd?
Frequently Asked Questions about Bharat Electronics Ltd
Bharat Electronics Ltd (BEL) closed at ₹393.55 on NSE on 25 September 2026, up 1.55 (0.4%) from the previous close.
Bharat Electronics Ltd trades on the NSE (National Stock Exchange of India) under the symbol BEL.
Bharat Electronics Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 47.4.
Bharat Electronics Ltd has a dividend yield of 0.63%.
Bharat Electronics Ltd's 52-week high is ₹473.0 and its 52-week low is ₹380.0.
Bharat Electronics Ltd has a market capitalisation of ₹291,624 crore.
Bharat Electronics Ltd has a TopFund Quality Score of 68/100 (Good), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
What are other investors saying about Bharat Electronics Ltd?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
Sign in to join the discussionNo comments yet — start the discussion.