Bharat Electronics Limited

Web: bel-india.in NSE: BEL BSE: 500049 SECTOR: Capital Goods - Aerospace & Defense

405 1(0%)

Volume

67L as on 22, Jul

Open

406

High

407

Low

404

407

VWAP

408

52 Week High

473

52 Week Low

361

Viand Research Rating

Quality Score

68/100

Growth Score

59/100

Valuation Score

25/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

2,96,302

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 Month6%

3 Months9%

6 Months3%

1 Year2%

YTD2%

Moving Average

5 Day SMA408

10 Day SMA409

20 Day SMA412

30 Day SMA413

50 Day SMA415

61 Day SMA419

80 Day SMA422

200 Day SMA421

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	416	411	414	417
Resistance 2	414	411	412	414
Resistance 1	412	410	411	412
Pivot Point	409	410	409	409
Support 1	407	410	407	408
Support 2	405	409	406	405
Support 3	403	409	405	403

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,06,834	4588	3%	1%	5%	3%	31	94	0	9116
2	BEL	2,96,302	405	1%	6%	3%	2%	49	94	0	6062
3	ABB	1,59,609	7532	4%	3%	58%	31%	93	94	0.01	1668
4	CUMMINSIND	1,55,509	5610	1%	3%	37%	54%	74	94	0	2362
5	TMCV	1,50,246	408	4%	1%	9%	23%	0	94	0.44	3030
6	POWERINDIA	1,42,988	32080	6%	13%	90%	61%	150	94	0.02	988
7	BHEL	1,42,068	408	0%	1%	66%	66%	409	94	0.31	1600
8	CGPOWER	1,39,149	884	2%	5%	59%	34%	119	94	0.01	1199
9	POLYCAB	1,34,724	8943	3%	9%	30%	32%	52	94	0.02	2708
10	SIEMENS	1,30,874	3675	2%	3%	25%	16%	66	94	0.02	2754
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

OI Chart

Price

Delivery

#	Date	399 9% 435	Value (Cr)	Q/T 89	Del 53	Del 431
1	22-Jul	407	271	75	59	161
2	21-Jul	410	214	68	49	105
3	20-Jul	408	219	52	57	125
4	17-Jul	409	273	78	53	144
5	16-Jul	407	232	52	54	125
6	15-Jul	411	375	83	58	218
7	14-Jul	410	435	85	54	235
8	13-Jul	411	273	76	55	151
9	10-Jul	415	383	101	60	229
10	9-Jul	406	444	75	47	209
11	8-Jul	408	528	77	57	300
12	7-Jul	419	329	63	54	177
13	6-Jul	426	703	103	43	303
14	3-Jul	418	508	76	46	233
15	2-Jul	415	445	94	61	270
16	1-Jul	416	367	70	60	221
17	30-Jun	412	602	105	52	310
18	29-Jun	412	1092	125	63	687
19	25-Jun	407	902	115	62	560
20	24-Jun	414	401	76	50	200
21	23-Jun	420	664	115	48	321
22	22-Jun	432	419	70	53	221
23	19-Jun	427	463	99	50	232
24	18-Jun	429	1006	110	48	483
25	17-Jun	420	1015	143	62	628
26	16-Jun	408	396	73	65	259
27	15-Jun	410	470	83	48	224
28	12-Jun	406	328	83	52	170
29	11-Jun	402	282	63	54	154
30	10-Jun	408	221	67	50	111
31	9-Jun	412	453	84	57	260
32	8-Jun	413	493	72	49	244
33	5-Jun	408	452	80	59	265
34	4-Jun	410	373	73	55	204
35	3-Jun	407	269	56	47	126
36	2-Jun	408	607	71	59	356
37	1-Jun	407	670	66	55	370
38	29-May	411	1096	117	69	757
39	27-May	419	455	50	58	263
40	26-May	420	520	103	51	267
41	25-May	422	372	35	56	207
42	22-May	417	383	53	54	206
43	21-May	420	834	89	45	376
44	20-May	413	1154	115	38	434
45	19-May	423	569	99	41	233
46	18-May	427	441	74	41	180
47	15-May	424	323	63	50	162
48	14-May	429	421	82	40	169

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	2,96,302c	1,133c	0.38
22-Jul	2,97,435c	2,339c	0.78
21-Jul	2,99,774c	987c	0.33
17-Jul	2,98,787c	1,097c	0.37
16-Jul	2,97,691c	2,705c	0.90
15-Jul	3,00,395c	2,522c	0.85
14-Jul	2,97,874c	2,558c	0.85
13-Jul	3,00,432c	1,572c	0.52
10-Jul	3,02,004c	4,459c	1.50
09-Jul	2,97,545c	841c	0.28
08-Jul	2,98,385c	9,028c	2.94
07-Jul	3,07,413c	3,253c	1.05
06-Jul	3,10,666c	8,187c	2.71
02-Jul	3,02,479c	1,827c	0.60
01-Jul	3,04,306c	2,705c	0.90
30-Jun	3,01,602c	3,911c	1.31
29-Jun	2,97,691c	914c	0.31
26-Jun	2,98,605c	1,827c	0.61
25-Jun	3,00,432c	1,425c	0.47
24-Jun	3,01,857c	5,300c	1.73
23-Jun	3,07,157c	7,931c	2.52
22-Jun	3,15,088c	2,961c	0.95
19-Jun	3,12,128c	3,655c	1.18
17-Jun	3,08,473c	10,343c	3.47
16-Jun	2,98,129c	1,316c	0.44
15-Jun	2,99,445c	1,352c	0.45
12-Jun	2,98,093c	1,645c	0.55
11-Jun	2,96,448c	5,629c	1.86
10-Jun	3,02,077c	0	0

Stock Checklist

Price is below from 52 week high low average: 21%

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 856 fund scheme(s) across 49 fund house(s) as of Jul26 · Total value ₹59,176 Cr · 63 increasing / 163 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Kotak Mahindra Mutual Fund	40	8.27%	-0.26%	11969.8
ICICI Prudential Mutual Fund	34	8.01%	+0.04%	6453.7
HDFC Mutual Fund	40	3.24%	-0.87%	6130.3
Motilal Oswal Mutual Fund	32	3.80%	-	5868.2
Canara Robeco Mutual Fund	30	1.82%	-	3399.3
SBI Mutual Fund	20	6.65%	-	3220.5
Axis Mutual Fund	46	1.61%	-	3174.8
Aditya Birla Sun Life Mutual Fund	26	11.42%	-	2265.4
HSBC Mutual Fund	26	4.77%	-	2262.9
UTI Mutual Fund	34	1.69%	-	2036.7
Franklin Templeton Mutual Fund	26	2.46%	+0.05%	1742.7
Invesco Mutual Fund	19	3.51%	+0.45%	1667.9
Nippon India Mutual Fund	28	0.90%	-	1660.3
Sundaram Mutual Fund	20	2.78%	-0.06%	1102.8
Edelweiss Mutual Fund	37	1.94%	-	932.2
WhiteOak Capital Mutual Fund	22	96.43%	-0.18%	914.2
Bandhan Mutual Fund	34	6.81%	-	838.7
quant Mutual Fund	10	4.47%	-	751.7
Mirae Asset Mutual Fund	30	0.41%	-	570
Union Mutual Fund	34	36.34%	-	482.9
Baroda BNP Paribas Mutual Fund	28	9.79%	-	479.5
Helios Mutual Fund	8	2.57%	-0.25%	409.2
PGIM India Mutual Fund	22	1.03%	-	391.3
LIC Mutual Fund	24	3.22%	-	274.8
Bank of India Mutual Fund	14	48.19%	-	205.3
Mahindra Manulife Mutual Fund	14	2.16%	-0.28%	157.7
Navi Mutual Fund	10	1.44%	-	120.2
PPFAS Mutual Fund	6	0.84%	-	86.2
ITI Mutual Fund	8	1.01%	+0.23%	80.2
360 ONE Mutual Fund	4	3.17%	-	60.3
JM Financial Mutual Fund	6	1.64%	-0.11%	27.2
Bajaj Finserv Mutual Fund	8	26.32%	+0.13%	20
Groww Mutual Fund	10	3.72%	-	18.8
The Wealth Company Mutual Fund	6	2.92%	-	16
DSP Mutual Fund	14	0.19%	-	12.7
Capitalmind Mutual Fund	4	1.65%	-	12.4
Zerodha Mutual Fund	5	60.72%	-0.02%	10.9
Shriram Mutual Fund	10	3.01%	-	10.5
PGIM India Asset Management Private Limite	2	1.14%	+0.83%	6.2
Angel One Mutual Fund	6	8.17%	-	4.9
Jio BlackRock Mutual Fund	4	1.33%	-	3.2
Trust Mutual Fund	10	0.05%	-0.26%	1.9
Taurus Mutual Fund	2	1.50%	-0.03%	0.2
Samco Mutual Fund	8	0.00%	-1.34%	0
Old Bridge Mutual Fund	2	0.50%	-0.10%	-1.9
NJ Mutual Fund	4	0.05%	-	-2
Unifi Mutual Fund	2	0.24%	-	-5.7
Tata Mutual Fund	24	-0.46%	-	-142.7
ICICI Prudential Asset Management Company Limited	3	0.56%	+0.56%	-526.3

Bharat Electronics Limited

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