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  4. BHARAT ELECTRONICS LTD.
Bharat Electronics Ltd.
NSE: BEL | BSE: 500049
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384.851.75(0.46%)
12.1M
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NSE 05 Oct, 2026 3:31 PM (IST)

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Bharat Electronics quarterly and annual financials: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Bharat Electronics share price target, revenues, EPS, net income and more

Bharat Electronics quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Bharat Electronics Jun-2026 Quarterly Revenue is Rs 5,700 Cr which is growth of 24.5% YoY.

  • POSITIVE

    Quarterly Net Profit Bharat Electronics Jun-2026 Quarterly Net Profit is Rs 1,048 Cr which is growth of 8.2% YoY.

Bharat Electronics Ltd., Quarterly, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
⌄
5,700.510,285.37,281.55,922.84,580.59,313.95,961.24,750.24,400.38,749.14,359.84,163.83,652.5
Operating Exp.
4,143.97,214.85,004.34,068.33,176.96,330.74,102.83,194.93,2626,248.63,087.32,9892,846.4
Operating Profit
1,389.22,962.42,117.61,695.31,239.92,7891,653.31,388.5936.72,2801,049.41,004.4664.4
Operating Profit Margin %
25.11%29.11%29.73%29.41%28.07%30.58%28.72%30.29%22.31%26.73%25.37%25.15%18.93%
Depr.
152.6165.1127.5118.5112.9129.8102.9103.299.7110.999.8100.4101.3
Interest
1.21.621.71.45.81.31.31.23.90.51.51.1
Profit Before Tax
1,402.82,903.82,147.71,734.31,289.22,847.61,754.21,450.91,037.32,385.61,172.31,072.9703.8
Tax
354.5700.7557.6448.2320.1742.8438.1359.6261.2602.1279260.6172.9
Net Profit
1,048.32,203.21,590.11,286.1969.12,104.81,316.11,091.3776.11,783.5893.3812.3530.8
EPS Adj. latest
1.432.21.81.32.91.81.51.12.41.21.10.7
Net profit TTM
6,127.76,048.55,950.15,676.15,481.25,288.34,9674,544.24,265.34,0203,601.83,307.33,106
Basic EPS TTM
8.48.38.17.87.57.26.86.25.85.54.94.54.3
Earnings Transcripts
 
AI Summary
     
  
Results PDF
  
Result Notes
 
*All financials are in INR Cr and price data in INR

Bharat Electronics competitor comparison and performance snapshot within industry

Bharat Electronics annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

  • POSITIVE

    Annual Revenue Bharat Electronics Mar-2026 Annual Revenue is Rs 28,070 Cr which is growth of 14.9% YoY.

  • POSITIVE

    Annual Net Profit Bharat Electronics Mar-2026 Annual Net Profit is Rs 6,048 Cr which is growth of 14.4% YoY.

Bharat Electronics Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
16%
14.6%
29,19028,07024,425.620,925.218,006.215,547.414,189.913,023.112,254.110,522.79,082.97,827.3
Operating Exp. Ann.
12.7%
12.3%
20,431.319,464.316,890.415,171.213,598.712,004.510,882.710,1919,222.58,322.66,850.25,837
Operating Profit Ann.
25.6%
20.3%
8,164.68,015.36,767.64,998.24,047.53,309.23,181.12,730.12,862.11,999.71,761.71,458.2
OPM Ann. %
8.3%
5%
 28.55%27.71%23.89%22.48%21.28%22.42%20.96%23.36%19.00%19.40%18.63%
⌄
12.6%
12.2%
 19,99517,335.615,590.714,021.312,389.611,255.110,543.99,5518,574.97,053.56,010.4
EBITDA Ann.
25%
21.1%
 8,605.77,535.25,7544,407.53,542.83,307.22,832.13,031.62,200.12,232.71,990.3
EBITDA Ann. margin %
7.8%
5.6%
 30.66%30.85%27.50%24.48%22.79%23.31%21.75%24.74%20.91%24.58%25.43%
Interest Ann.
-23.2%
1.9%
6.46.79.6714.84.96.13.312.21.311.84.5
Depr.
8.7%
7.4%
563.7523.9435.6412.4407.9380.2366.3349.6316.2251191.5168.9
PBT Ann.
26.5%
22.4%
8,188.68,0757,0905,334.63,984.93,157.82,934.82,479.22,703.21,947.82,029.41,816.9
Tax Ann.
27.5%
18.4%
2,0612,026.61,801.71,314.6978.2808.9869.4685.3775.9548.6481.8451.5
26.2%
24%
 6,048.55,288.34,0203,006.72,348.92,065.41,793.81,927.31,399.31,547.61,365.4
Net Profit Ann.
26.2%
24%
6,127.76,048.55,288.34,0203,006.72,348.92,065.41,793.81,927.31,399.31,547.61,357.7
NPM Ann. %
8.9%
8.4%
 22.01%22.35%19.93%17.03%15.33%14.68%13.88%15.94%13.55%17.97%18.61%
EPS Adj. latest Ann.
26.5%
24.3%
 8.37.25.54.13.22.82.52.61.92.11.9
Result Notes
   
Annual Reports
  
*All financials are in INR Cr and price data in INR
Total Rev. Ann.
1Y CHG
14.9%
2Y CAGR
15.8%
3Y CAGR
16%
5Y CAGR
14.6%
7Y CAGR
12.6%
10Y CAGR
13.6%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
14.4%
2Y CAGR
22.7%
3Y CAGR
26.2%
5Y CAGR
24%
7Y CAGR
17.7%
10Y CAGR
16.1%
Net Profit Annual growth is lower than historical averages.
Operating Exp. Ann.
1Y CHG
15.2%
2Y CAGR
13.3%
3Y CAGR
12.7%
5Y CAGR
12.3%
7Y CAGR
11.3%
10Y CAGR
12.8%
Operating Expenses Annual Cr growth is higher than historical averages.

Bharat Electronics balance sheet as of Mar 2026: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Bharat Electronics Mar-2026 Total Shareholders Fund is Rs 23,698 Cr which is growth of 20.3% YoY.

  • POSITIVE

    Total Assets Bharat Electronics Mar-2026 Total Assets is Rs 44,090 Cr which is growth of 9.1% YoY.

Bharat Electronics Ltd., Balance Sheet, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
⌄
20.4%
17%
23,697.619,697.716,082.413,58211,984.310,807.99,852.99,018.97,7617,508.58,733.8
Minority Interest Liability Ann.
-
-
-----------
⌄
8.1%
-3.8%
1,217.41,021.91,083.2963.71,933.71,480.51,280.11,018.4894.5930.5515.5
-2.2%
2.7%
19,175.419,698.521,990.120,508.819,53216,764.712,77810,426.29,867.48,717.18,766.7
Total Capital Plus Liabilities Ann.
7.9%
8.7%
44,090.440,418.139,155.735,054.533,449.929,053.223,911.120,463.418,522.817,156.118,022.3
⌄
9.6%
7.5%
4,6274,216.73,6503,513.53,382.63,216.33,202.62,805.82,439.91,911.61,388.1
⌄
7%
3%
6,3175,790.95,264.55,151.26,292.85,437.25,2644,6614,289.53,134.52,225.9
8.1%
9.8%
37,773.434,627.233,891.229,903.327,157.223,61618,647.115,802.514,233.314,021.615,796.4
Total Assets Ann.
7.9%
8.7%
44,090.440,418.139,155.735,054.533,449.929,053.223,911.120,463.418,522.817,156.118,022.3
Contingent Liabilities plus Commitments Ann.
11.6%
12%
4,371.93,898.94,455.23,147.42,607.82,484.62,7391,380.42,929.51,116.3
Bonus Equity Share Capital Ann.
0%
0%
171.3171.3171.3171.3171.3171.3171.3171.3171.3148.9160
Non Current Investments Unquoted Book Value Ann.
9.1%
-8.3%
863.6820.4767.8664.41,554.21,331.21,161.71,019.3903.2459.7318
Current Investments Unquoted Book Value Ann.
-
-
*All financials are in INR Cr and price data in INR
Total Assets Ann.
1Y CHG
9.1%
2Y CAGR
6.1%
3Y CAGR
7.9%
5Y CAGR
8.7%
7Y CAGR
11.6%
10Y CAGR
9.4%
Total Assets Annual growth is stable compared to historical averages.
Total Current Liabilities Ann.
1Y CHG
-2.7%
2Y CAGR
-6.6%
3Y CAGR
-2.2%
5Y CAGR
2.7%
7Y CAGR
9.1%
10Y CAGR
8.1%
Total Current Liabilities Annual Cr is falling faster than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
20.3%
2Y CAGR
21.4%
3Y CAGR
20.4%
5Y CAGR
17%
7Y CAGR
14.8%
10Y CAGR
10.5%
Total ShareHolders Funds Annual growth is stable compared to historical averages.

Bharat Electronics ROE, ROCE, book value, and debt-to-equity ratio as of Mar 2026 – 11 year history

  • POSITIVE

    Book Value Per Share Bharat Electronics Mar-2026 Book Value Per Share is 32 Rs which is growth of 20.3% YoY.

  • POSITIVE

    ROE Bharat Electronics Mar-2026 ROE is 26% which is growth of 1.3% YoY.

Bharat Electronics Ltd., Ratios, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
BVSH Ann.
20.3%
-6.1%
32.4272218.649.244.440.43731.933.6363.9
RoA Ann. %
17%
14.1%
13.71%13.08%10.26%8.57%7.02%7.10%7.50%9.41%7.55%9.02%7.53%
ROE Ann. %
4.9%
6%
25.52%26.84%24.99%22.13%19.60%19.11%18.20%21.36%18.02%20.61%15.54%
ROCE Ann. %
5.7%
6.3%
32.43%34.26%31.11%27.49%22.72%23.93%22.29%27.05%22.51%24.18%19.67%
⌄
           
⌄
           
⌄
           
Total Debt to Total Equity Ann.
           
*All financials are in INR Cr and price data in INR
ROE Ann. %
1Y CHG
-4.9%
2Y CAGR
1.1%
3Y CAGR
4.9%
5Y CAGR
6%
7Y CAGR
2.6%
10Y CAGR
5.1%
ROE Annual % is falling faster than historical averages.
RoA Ann. %
1Y CHG
4.8%
2Y CAGR
15.6%
3Y CAGR
17%
5Y CAGR
14.1%
7Y CAGR
5.5%
10Y CAGR
6.2%
RoA Annual % is growing slower than historical averages.
Current Ratio Ann.
1Y CHG
11.1%
2Y CAGR
15.5%
3Y CAGR
10.1%
5Y CAGR
7.4%
7Y CAGR
4.2%
10Y CAGR
1.1%
Current Ratio Annual growth is higher than historical averages.

Bharat Electronics cash flow: net, operating, investing, and financing flows as of Mar 2026 – 11 year history

  • POSITIVE

    Cash From Operating Activity Bharat Electronics Mar-2026 Cash From Operating Activity is Rs 1,494 Cr which is growth of 211.1% YoY.

  • POSITIVE

    Net Cash Flow Bharat Electronics Mar-2026 Net Cash Flow is Rs 1,145 Cr which is growth of 345.1% YoY.

Bharat Electronics Ltd., Cash Flow, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
9%
-21.8%
1,494.3480.44,6481,155.24,161.25,103.52,532.51,498.2-788.5-97.42,253
Cash from Investing Act. Ann.
-14.4%
-
1,747.4748.4-5,888.92,782-4,860.6-2,568.6-638.9-88641.43,148.2-1,472.1
Cash from Financing Act. Ann.
-
-
-2,096.5-1,696.1-1,474.3-1,312.1-1,077.2-1,075.4-1,059.3-628.5-1,200.6-2,834.9-320.3
-24.2%
-4.7%
1,145.3-467.3-2,715.22,625.1-1,776.61,459.4834.3-16.3-1,947.7215.9460.6
*All financials are in INR Cr and price data in INR
Cash from Operating Act. Ann.
1Y CHG
211.1%
2Y CAGR
-43.3%
3Y CAGR
9%
5Y CAGR
-21.8%
7Y CAGR
0%
10Y CAGR
-4%
Cash from Operating Activity Annual growth is higher than historical averages.
Cash from Investing Act. Ann.
1Y CHG
133.5%
3Y CAGR
-14.4%
Cash from Investing Activity Annual growth is stable compared to historical averages.

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