Bharat Electronics Limited

Web: bel-india.in NSE: BEL BSE: 500049 SECTOR: Capital Goods - Aerospace & Defense | Add Note | View Notes

405 3(-1%)

Near 52W Low of 368

Volume

78L as on 03, Sep

Open

409

High

413

Low

405

409

VWAP

408

52 Week High

473

52 Week Low

368

Viand Research Rating

Quality Score

68/100

Growth Score

59/100

Valuation Score

25/100

Momentum Score

20/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

2,98,458

No. of Shares

731

P/E

48.82

P/B

12.85

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

26.12

ROCE

Profit Growth

Listing Date

19-Jul-00

Promoter Holding

51.14%

FII Holding

19.51%

DII Holding

20%

Price Chart

Price Performance

1 Week1%

1 Month4%

3 Months0%

6 Months10%

1 Year10%

YTD3%

Moving Average

5 Day SMA410

10 Day SMA411

20 Day SMA409

30 Day SMA404

50 Day SMA407

61 Day SMA409

80 Day SMA411

200 Day SMA419

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	413	407	411	414
Resistance 2	411	407	409	411
Resistance 1	408	406	408	409
Pivot Point	406	406	406	406
Support 1	403	405	404	404
Support 2	400	405	402	401
Support 3	398	404	400	398

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,29,158	4922	3%	2%	21%	7%	31	94	0	9116
2	BEL	2,98,458	405	1%	4%	10%	10%	49	94	0	6062
3	TMCV	1,68,152	457	3%	2%	8%	40%	0	94	0.44	3030
4	ABB	1,57,098	7414	1%	2%	24%	44%	93	94	0.02	1668
5	BHEL	1,50,199	431	0%	5%	65%	105%	409	94	0.31	1600
6	SIEMENS	1,41,882	3984	2%	3%	21%	28%	66	94	0.02	2754
7	CGPOWER	1,41,050	895	0%	8%	26%	21%	119	94	0.01	1199
8	POWERINDIA	1,40,760	31580	6%	0	25%	69%	150	94	0.02	988
9	CUMMINSIND	1,39,335	5026	2%	9%	5%	29%	74	94	0	2362
10	POLYCAB	1,24,768	8280	3%	3%	3%	21%	52	94	0.02	2708
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%	(0.01) 51.14%
FIIs	(1.01) 19.51%	(0.41) 18.51%	(-0.41) 18.14%	(1.01) 18.56%	(0.21) 17.55%	(0.11) 17.34%	(-0.21) 17.27%	(-0.11) 17.43%	(-0.21) 17.56%	(0.61) 17.77%	(-0.21) 17.19%	(0.91) 17.35%	(-0.91) 16.42%	(0.01) 17.34%	(1.41) 17.36%	(-0.81) 15.99%	(-0.41) 16.77%	(1.51) 17.21%	(0.01) 15.73%
DIIs	(-0.51) 20.00%	(-0.41) 20.47%	(0.31) 20.88%	(-0.31) 20.60%	(-0.11) 20.87%	(0.71) 20.94%	(-0.41) 20.22%	(-2.01) 20.62%	(-0.71) 22.63%	(-0.81) 23.37%	(-0.61) 24.19%	(-0.71) 24.84%	(0.51) 25.50%	(-0.61) 25.04%	(-2.11) 25.63%	(1.11) 27.77%	(-0.11) 26.71%	(-1.61) 26.77%	(0.01) 28.33%
Public	9.37%	9.87%	9.84%	9.70%	10.43%	10.58%	11.37%	10.82%	8.66%	7.72%	7.49%	6.68%	6.95%	6.47%	5.88%	5.11%	5.38%	4.89%	4.81%
No. of Shareholders	2,530,896	2,543,622	2,498,588	2,542,378	2,678,435	2,653,676	2,772,002	2,518,663	1,364,873	1,098,228	974,782	767,820	780,211	707,098	579,807	437,097	431,034	367,504	325,933

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	10224	7154	5792	4440	9150	5771	4605	4244	8564	4162	4009	3533	6479	4153	3962	3141	6340	3702	3678	1649
Sales Growth % (YoY)	11.8%	24%	25.8%	4.6%	6.8%	38.6%	14.9%	20.1%	32.2%	0.2%	1.2%	12.5%	2.2%	12.2%	7.7%	90.5%	-8.4%	59.5%	15.1%	-1.6%
Sales Growth % (QoQ)	42.9%	23.5%	30.5%	-51.5%	58.6%	25.3%	8.5%	-50.4%	105.8%	3.8%	13.5%	-45.5%	56%	4.8%	26.1%	-50.5%	71.3%	0.7%	123%	-
Expenses	7243	5027	4090	3201	6334	4101	3205	3295	6277	3090	2995	2860	4647	3290	3093	2618	4762	2872	2814	1579
Operating Profit	2982	2127	1702	1238	2816	1669	1400	948	2287	1072	1014	673	1832	863	868	522	1578	829	864	70
OPM %	29	30	29	28	31	29	30	22	27	26	25	19	28	21	22	17	25	22	23	4
Other Income	110	139	154	163	195	186	158	204	225	167	137	140	66	59	74	82	64	60	62	45
Interest	2	2	2	1	6	1	1	1	4	1	2	1	2	10	2	1	4	0	0	0
Depreciation	173	135	126	121	138	111	111	108	119	107	108	109	114	106	109	99	106	98	99	97
Profit before tax	2917	2128	1728	1279	2867	1744	1445	1043	2390	1132	1041	703	1782	806	831	504	1531	791	826	18
Tax %	24	26	26	25	26	25	25	25	25	25	25	25	23	25	26	29	25	26	26	27
Net Profit	2226	1580	1287	969	2127	1312	1093	791	1797	860	790	539	1382	614	624	366	1155	596	625	24
Net Profit Growth % (QoQ)	40.9%	22.8%	32.8%	-54.4%	62.1%	20%	38.2%	-56%	109%	8.9%	46.6%	-61%	125.1%	-1.6%	70.5%	-68.3%	93.8%	-4.6%	2504.2%	-
Net Profit Growth % (YoY)	4.7%	20.4%	17.7%	22.5%	18.4%	52.6%	38.4%	46.8%	30%	40.1%	26.6%	47.3%	19.7%	3%	-0.2%	1425%	-	-	-	-
TTM Net Profit	6062	5963	5695	5501	5323	4993	4541	4238	3986	3571	3325	3159	2986	2759	2741	2742	2400	1245	649	0
EPS in Rs	3.04	2.16	1.76	1.33	2.91	1.79	1.49	1.08	2.46	1.18	1.08	0.74	1.89	0.84	0.85	0.5	1.58	0.82	0.85	0.03

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Sales	27610	23769	20268	17734	15368	14109	12968	12164	10401	8656	7354	7093	6518	6273
Sales Growth %	16.2%	17.3%	14.3%	15.4%	8.9%	8.8%	6.6%	17%	20.2%	17.7%	3.7%	8.8%	3.9%	6.1%
Expenses	19561	16932	15217	13645	12024	10895	10209	9255	8361	6864	5961	5913	5593	5604
Operating Profit	8049	6837	5051	4090	3344	3214	2759	2909	2039	1792	1393	1179	925	669
OPM %	29	29	25	23	22	23	21	24	20	21	19	17	14	11
Other Income	566	742	670	281	232	125	99	73	196	420	573	507	438	622
Interest	7	13	12	19	9	10	8	16	6	18	10	7	7	7
Depreciation	556	467	443	429	401	387	372	338	272	212	192	166	150	136
Profit before tax	8053	7099	5266	3923	3166	2942	2478	2628	1957	1983	1764	1513	1206	1147
Tax %	25	26	25	25	26	30	28	30	28	24	24	21	21	21
Net Profit	6062	5323	3985	2986	2400	2100	1825	1887	1431	1523	1337	1197	952	911
Net Profit Growth %	13.9%	33.6%	33.5%	24.4%	14.3%	15.1%	-3.3%	31.9%	-6%	13.9%	11.7%	25.7%	4.5%	-
EPS in Rs	8.29	7.28	5.45	4.08	3.28	2.87	2.5	2.58	1.96	2.07	1.69	1.51	1.2	1.15
Dividend Payout %	30	33	40	44	46	46	37	44	34	33	31	20	20	20

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Cash from Operating Activity	1541	587	4659	1199	4207	5093	2570	1514	-687	-61	2260	1434	-569	-1539
Cash from Investing Activity	1730	617	-5924	2708	-4872	-2595	-649	-896	-6	3115	-1470	-839	759	1753
Cash from Financing Activity	-2097	-1696	-1475	-1262	-1078	-1076	-1061	-663	-1202	-2857	-318	-209	-213	-158
Net Cash Flow	1175	-493	-2739	2645	-1742	1422	861	-45	-1895	197	472	386	-23	56

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Equity Capital	731	731	731	731	731	731	244	244	244	244	244	223	240	80	80	80
Reserves	23257	20836	19243	16929	15595	13131	12042	10816	9828	8968	7772	7512	9006	8037	7140	6407
Borrowings	65	59	61	61	63	61	53	3	8	34	80	64	28	25	0	1
Other Liabilities	20484	21299	20788	22085	23136	21567	21574	18430	14271	11575	10868	9800	9330	7587	7760	8367
Total Liabilities	44538	42925	40824	39806	39524	35490	33912	29492	24351	20821	18965	17600	18605	15729	14980	14855
Fixed Assets	4366	4114	3419	3473	3035	2963	2675	2652	2713	2298	1839	1501	1232	1073	695	600
CWIP	486	564	1052	668	894	855	1006	883	828	849	940	743	430	140	458	328
Investments	800	779	743	728	682	650	1572	1306	1110	964	937	491	462	0	0	0
Other Assets	38886	37467	35610	34937	34913	31022	28659	24651	19700	16710	15248	14865	16481	14516	13828	13926
Total Assets	44538	42925	40824	39806	39524	35490	33912	29492	24351	20821	18965	17600	18605	15729	14980	14855

Delivery

Delivery Data: BEL

#	Date	382 12% 430	Value (Cr)	Q/T 85	Del 55	Del 449
1	4-Sep	405	342	90	48	166
2	3-Sep	409	319	97	49	156
3	2-Sep	406	483	68	60	290
4	1-Sep	411	232	75	60	139
5	31-Aug	414	518	114	61	316
6	28-Aug	412	329	123	59	195
7	27-Aug	411	376	80	51	193
8	26-Aug	407	312	89	67	210
9	25-Aug	413	385	79	55	211
10	24-Aug	409	388	84	58	224
11	21-Aug	414	566	102	54	306
12	20-Aug	409	286	83	62	177
13	19-Aug	409	436	114	60	262
14	18-Aug	412	377	93	49	186
15	17-Aug	412	305	104	52	160
16	14-Aug	411	303	115	59	179
17	13-Aug	410	565	86	51	291
18	12-Aug	406	528	95	64	338
19	11-Aug	406	275	94	59	161
20	10-Aug	404	316	79	56	178
21	7-Aug	401	433	88	61	262
22	6-Aug	399	698	101	48	336
23	5-Aug	390	538	73	66	354
24	4-Aug	392	416	77	62	258
25	3-Aug	392	366	45	65	238
26	31-Jul	388	664	111	67	448
27	30-Jul	385	636	99	63	402
28	29-Jul	388	1258	79	63	794
29	28-Jul	389	1388	96	53	738
30	27-Jul	407	394	111	59	233
31	24-Jul	405	250	72	52	130
32	23-Jul	405	402	64	56	226
33	22-Jul	407	271	75	59	161
34	21-Jul	410	214	68	49	105
35	20-Jul	408	219	52	57	125
36	17-Jul	409	273	78	53	144
37	16-Jul	407	232	52	54	125
38	15-Jul	411	375	83	58	218
39	14-Jul	410	435	85	54	235
40	13-Jul	411	273	76	55	151
41	10-Jul	415	383	101	60	229
42	9-Jul	406	444	75	47	209
43	8-Jul	408	528	77	57	300
44	7-Jul	419	329	63	54	177
45	6-Jul	426	703	103	43	303
46	3-Jul	418	508	76	46	233
47	2-Jul	415	445	94	61	270
48	1-Jul	416	367	70	60	221
49	30-Jun	412	602	105	52	310
50	29-Jun	412	1092	125	63	687

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	2,98,458c	475c	0.16
03-Sep	2,98,933c	1,974c	0.66
01-Sep	3,00,907c	402c	0.13
31-Aug	3,01,309c	2,668c	0.89
26-Aug	2,98,641c	1,023c	0.34
25-Aug	2,97,618c	1,352c	0.45
24-Aug	2,98,970c	4,130c	1.36
21-Aug	3,03,100c	3,984c	1.33
19-Aug	2,99,116c	2,047c	0.68
18-Aug	3,01,163c	329c	0.11
17-Aug	3,01,492c	1,206c	0.40
14-Aug	3,00,286c	3,070c	1.03
13-Aug	2,97,216c	658c	0.22
12-Aug	2,96,558c	987c	0.33
11-Aug	2,95,571c	0	0
10-Aug	2,95,571c	4,422c	1.52
06-Aug	2,91,149c	8,808c	3.12
05-Aug	2,82,340c	3,838c	1.34
04-Aug	2,86,178c	2,705c	0.95
31-Jul	2,83,473c	2,047c	0.73
30-Jul	2,81,427c	731c	0.26
29-Jul	2,82,158c	2,193c	0.77
28-Jul	2,84,350c	12,938c	4.35
27-Jul	2,97,289c	1,023c	0.35
24-Jul	2,96,265c	0	0

Stock Checklist

Price is above from 52 week high low average: 35%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 840 fund scheme(s) across 50 fund house(s) as of Aug26 · Total value ₹52,176 Cr · 158 increasing / 613 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Kotak Mahindra Mutual Fund	38	2.11%	-0.27%	12617.8
ICICI Prudential Mutual Fund	36	1.52%	+0.16%	7288.2
HDFC Mutual Fund	42	1.24%	-0.07%	6757.6
Motilal Oswal Mutual Fund	22	2.66%	-1.04%	5024.3
Canara Robeco Mutual Fund	28	1.44%	-0.28%	3061.3
Axis Mutual Fund	46	0.85%	+0.06%	2310.9
Franklin Templeton Mutual Fund	28	1.65%	+0.02%	1878
UTI Mutual Fund	32	1.03%	-0.16%	1729.2
Aditya Birla Sun Life Mutual Fund	26	1.34%	+0.37%	1419.6
Mirae Asset Mutual Fund	26	0.64%	+0.40%	1414.3
Nippon India Mutual Fund	20	0.44%	-0.04%	1372.4
WhiteOak Capital Mutual Fund	22	1.72%	-0.04%	940.4
Sundaram Mutual Fund	20	1.26%	-0.33%	864.2
Edelweiss Mutual Fund	39	0.58%	-0.25%	832.9
HSBC Mutual Fund	26	0.80%	-0.47%	764.9
Invesco Mutual Fund	20	0.58%	+0.91%	689.3
Baroda BNP Paribas Mutual Fund	34	1.45%	+0.59%	569.2
Bandhan Mutual Fund	34	0.55%	+0.07%	490.4
Helios Mutual Fund	8	2.34%	-0.11%	432.3
SBI Mutual Fund	20	0.19%	-1.66%	368.4
DSP Mutual Fund	18	0.82%	+2.00%	364.3
Union Mutual Fund	34	1.22%	-0.48%	342.4
PGIM India Mutual Fund	22	0.82%	-0.18%	336.5
Bank of India Mutual Fund	16	1.36%	-0.50%	166.4
Mahindra Manulife Mutual Fund	14	1.26%	-	157.7
LIC Mutual Fund	26	0.62%	-0.28%	119.3
Navi Mutual Fund	10	1.38%	-0.04%	118.6
ITI Mutual Fund	8	0.95%	-0.06%	76.6
360 ONE Mutual Fund	4	2.49%	-0.71%	46.8
Groww Mutual Fund	14	1.15%	+0.36%	32
The Wealth Company Mutual Fund	6	1.88%	+0.02%	17.8
JM Financial Mutual Fund	6	0.74%	-0.13%	14.9
Zerodha Mutual Fund	5	0.55%	-0.05%	10.5
Shriram Mutual Fund	10	1.19%	-0.12%	9.7
PGIM India Asset Management Private Limite	2	0.82%	-0.04%	5.9
Angel One Mutual Fund	6	1.95%	-0.55%	5.1
Jio BlackRock Mutual Fund	3	0.35%	-0.19%	3.3
Trust Mutual Fund	6	0.06%	-0.33%	1.9
Bajaj Finserv Mutual Fund	8	0.03%	-19.24%	1.5
Choice Mutual Fund	2	1.33%	+1.36%	0.5
Taurus Mutual Fund	2	1.50%	-0.02%	0.2
quant Mutual Fund	2	0.00%	-	0
Samco Mutual Fund	8	0.00%	-	0
Capitalmind Mutual Fund	2	-1.47%	-0.57%	-0.4
Old Bridge Mutual Fund	2	-0.67%	-	-1.9
NJ Mutual Fund	4	-0.03%	-0.01%	-2
Unifi Mutual Fund	2	-0.69%	+0.29%	-14.4
ICICI Prudential Asset Management Company Limited	3	-0.05%	+0.24%	-92.1
Tata Mutual Fund	22	-0.22%	-0.21%	-160.5
PPFAS Mutual Fund	6	-0.07%	+0.17%	-209.8

Bharat Electronics Limited

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