Bharat Electronics Key Ratios
NSE: BEL | BSE: 500049
₹411.00
As on 27-Aug-2026IST
Market cap
₹2,99,335 Cr
Revenue (TTM)
₹28,717 Cr
P/E Ratio
48.7
P/B Ratio
12
Div. Yield
0.6 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -45.75 | 24.94 | 19.83 | 16.58 | 15.32 |
| EBIT | -56.28 | 9.88 | 14.46 | 26.04 | 22.61 |
| Net Profit | -52.62 | 8.70 | 11.75 | 24.86 | 24.32 |
| EPS | -52.62 | 8.70 | 11.75 | 24.86 | 24.32 |
| Book Value | -- | -- | 20.10 | 20.06 | 16.75 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 24.73 | 22.64 | 26.48 | 26.08 | 26.15 |
| Net Margin
| 20.63 | 18.51 | 20.85 | 21.16 | 21.44 |
| Return on equity
| 28.18 | 25.06 | 26.98 | 27.40 | 29.13 |
| Return on Capital
| 37.67 | 33.64 | -- | 36.68 | 39.18 |
| Return on Assets
| 12.99 | 10.90 | 14.31 | 14.30 | 13.34 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
36.68
|
39.18
|
34.97
|
30.15
|
|
Peer Median
|
--
|
16.36
|
11.90
|
12.59
|
--
|
ROE
26.98
Higher than Peers by 15.42
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
26.98
|
27.40
|
29.13
|
26.12
|
22.49
|
|
Peer Median
|
11.57
|
12.05
|
7.76
|
7.93
|
--
|
ROA
14.31
Higher than Peers by 7.29
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
14.31
|
14.30
|
13.34
|
10.67
|
8.61
|
|
Peer Median
|
7.01
|
7.29
|
5.18
|
5.12
|
--
|
EBIT Margin
26.48
Higher than Peers by 6.81
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
26.48
|
26.08
|
26.15
|
21.85
|
20.12
|
|
Peer Median
|
19.67
|
20.77
|
20.26
|
18.78
|
--
|
Net Margin
20.85
Higher than Peers by 7.11
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
20.85
|
21.16
|
21.44
|
18.67
|
16.24
|
|
Peer Median
|
13.74
|
13.41
|
11.47
|
10.93
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
23.83
|
24.21
|
21.64
|
19.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
19.83
Lower than Peers by 25.34
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
19.83
|
16.16
|
17.27
|
14.29
|
15.40
|
|
Peer Median
|
45.17
|
52.85
|
43.85
|
29.60
|
--
|
EBIT Growth
14.46
Lower than Peers by 35.80
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
14.46
|
15.87
|
40.36
|
24.09
|
22.15
|
|
Peer Median
|
50.26
|
39.79
|
56.93
|
31.03
|
--
|
Net Profit Growth
11.75
Lower than Peers by 41.33
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
11.75
|
13.93
|
34.09
|
34.10
|
24.88
|
|
Peer Median
|
53.08
|
40.23
|
81.19
|
65.28
|
--
|
EPS Growth
11.75
Lower than Peers by 15.54
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
11.75
|
13.92
|
33.55
|
33.51
|
24.41
|
|
Peer Median
|
27.28
|
3.86
|
56.95
|
10.00
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
20.10
|
22.34
|
17.78
|
12.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.00
|
0.29
|
0.16
|
0.23
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.98
Lower than Peers by 0.68
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
1.98
|
1.98
|
1.76
|
1.55
|
1.46
|
|
Peer Median
|
2.65
|
3.18
|
2.35
|
2.89
|
--
|
Quick Ratio
1.45
Lower than Peers by 0.12
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
1.45
|
1.45
|
1.30
|
1.21
|
1.15
|
|
Peer Median
|
1.57
|
1.73
|
2.34
|
1.17
|
--
|
Interest Coverage
1,267.64
Higher than Peers by 1,259.22
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
1,267.64
|
795.96
|
567.56
|
437.67
|
209.22
|
|
Peer Median
|
8.42
|
11.01
|
6.12
|
4.67
|
--
|
Operating Efficiency
Debtors to sales
44.84
Higher than Peers by 5.41
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
44.84
|
46.63
|
38.35
|
36.47
|
39.66
|
|
Peer Median
|
39.43
|
34.11
|
42.40
|
63.31
|
--
|
Asset Turnover
0.67
Higher than Peers by 0.17
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
0.67
|
0.66
|
0.60
|
0.55
|
0.52
|
|
Peer Median
|
0.50
|
0.56
|
0.50
|
0.49
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
145.37
|
126.76
|
129.89
|
135.23
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
127.53
|
127.19
|
125.11
|
123.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
90.02
|
105.50
|
121.42
|
124.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
--
|
182.88
|
148.45
|
133.58
|
134.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
48.70
Lower than Peers by 69.71
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
48.70
|
48.31
|
41.37
|
36.96
|
23.89
|
|
Peer Median
|
118.41
|
121.31
|
109.94
|
96.83
|
--
|
Price / Book Value
11.96
Lower than Peers by 2.91
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
11.96
|
12.21
|
11.02
|
9.02
|
5.14
|
|
Peer Median
|
14.86
|
15.78
|
11.00
|
8.12
|
--
|
Dividend Yield
0.61
Higher than Peers by 0.54
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
0.61
|
0.62
|
0.80
|
1.09
|
1.85
|
|
Peer Median
|
0.07
|
0.07
|
--
|
0.01
|
--
|
EV/EBITDA
33.15
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
33.15
|
32.98
|
27.79
|
23.81
|
14.46
|
|
Peer Median
|
--
|
93.51
|
141.07
|
78.60
|
--
|
Market Cap
2,99,335
Higher than Peers by 2,87,605
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Electronics
|
2,99,335
|
2,92,830
|
2,20,172
|
1,47,257
|
71,307
|
|
Peer Median
|
11,731
|
12,211
|
6,497
|
3,830
|
--
|