BEL · Bharat Electronics Ltd · Aerospace & Defense
BEL · Bharat Electronics Ltd · Aerospace & Defense
As of 05 Nov close
52-week range
16.5% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Stock Condition as of 05 Nov 2026 close
Slowest input: promoter pledge (disclosed quarterly), as of 18 Jul 2026
Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹5,547 Cr
Revenue YoY
PAT YoY
+8.7%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
12.1
P/S (TTM)
10.3
Sector P/E
54.8
Dividend yield
+0.6%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| BEL (this stock) | 49 | 12.1 | +21.4% | +25.6% | 0 | +0.6% |
| Hindustan Aeronautics | 31.4 | 8.7 | +27.6% | +22.7% | 0 | +0.9% |
| Bharat Dynamics | 96.3 | 10.5 | +18.8% | +12.3% | 0 | +0.4% |
| Data Patterns (India) | 94.1 | 15.4 | +28.5% | +15.4% | 0 | +0.2% |
Promoter
stable
FII
falling 1q
MF
14.99% (+0.71pp)
rising 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- highthehindu.com· 05 Nov 2026, 05:22 pmMarkets surge for sixth day; Sensex jumps 2,009 points
- unknowneconomictimes.indiatimes.com· 05 Nov 2026, 10:21 amBharat Electronics among 5 stocks showing White Marubozu pattern - Trend watch
- lowbusiness-standard.com· 04 Nov 2026, 02:05 pmBEL stock rises 5% as order inflow optimism keeps MOFSL upbeat post Q2
- lowthehindubusinessline.com· 04 Nov 2026, 12:49 pmBEL shares climb 3% as brokerages back post-results recovery
- lowrediff.com· 30 Oct 2026, 10:27 amStock Markets Today: Sensex, Nifty Up on Gains in IT Stocks
- lowthehindu.com· 30 Oct 2026, 10:18 amMarkets extend previous session's rally amid buying in IT firms, earnings-driven demand in Trent
- lowthehindubusinessline.com· 29 Oct 2026, 04:36 pmStock Market Highlights, Oct 29: Sensex settles 905 pts higher, Nifty ends above 22,900; Adani Ports, Kotak Bank top gainers
- lowthehindubusinessline.com· 28 Oct 2026, 08:39 pmRajnath Singh holds bilateral talks with US and Japan defence chiefs in Philippines
- mediumeconomictimes.indiatimes.com· 27 Oct 2026, 10:19 amSensex, Nifty extend gains despite oil hovering near $115/barrel. What lies ahead?
- lowthehindubusinessline.com· 27 Oct 2026, 09:54 amNifty Prediction Today – October 27, 2026: Nifty futures: Breakout expected
- highsector policyeconomictimes.indiatimes.com· 27 Oct 2026, 09:17 amHAL, BEL, Paras Defence, other stocks rise up to 4% after DAC clears proposals worth Rs 2.12 lakh crore
- mediumrediff.com· 25 Oct 2026, 01:46 pmUS Fed rate decision, corporate earnings, crude oil to steer market sentiment
- highrediff.com· 23 Oct 2026, 05:02 pmIndian Equities Fall for Fourth Day as West Asia Tensions Drive Oil Prices Higher
- mediummacrorediff.com· 22 Oct 2026, 04:49 pmSensex, Nifty extend losses as West Asia tensions fuel oil price surge
- loweconomictimes.indiatimes.com· 22 Oct 2026, 06:00 amStocks in news: Reliance Industries, Eternal, Alkem Labs, BEL, HPCL, Swiggy and GMDC
- mediumrediff.com· 21 Oct 2026, 05:05 pmIndian Equities Decline for Second Day as Banking, Financial Stocks Drag
- lowtimesofindia.indiatimes.com· 15 Oct 2026, 08:31 amStock market today: BSE Sensex jumps 800 points, Nifty50 trades above 22,750
- lowrediff.com· 09 Oct 2026, 10:30 amTCS Q2 results spark market rebound after two-day decline
- mediummacrorediff.com· 07 Oct 2026, 04:54 pmSensex drops 429 points as RBI hikes rates, crude prices surge
- loweconomictimes.indiatimes.com· 06 Oct 2026, 09:45 amLast line of defence! How 7 Nifty stocks survived the market’s two-month bloodbath
Concalls & investor presentations
AI-generatedKey takeaway: During the earnings conference call held on July 27, 2026, Bharat Electronics Limited (BEL) reported a revenue increase of 25.27% year-over-year, reaching INR 5,533 crores for Q1 FY27. Profit before tax rose by 8.81% to INR 1,403 crores, while profit after tax increased by 8.17% to INR 1,048 crores. The EBITDA margin for the quarter was reported at 25.83%, and earnings per share rose to INR 1.43. The order book as of July 1, 2026, stood at INR 72,258 crores, with new orders of INR 3,754 crores acquired in the quarter. Management addressed questions regarding order inflow, indicating that the current year's orders were structured differently compared to previous years, and expressed confidence in meeting their guidance for order inflow. They also discussed ongoing projects and the company's focus on indigenization and R&D investments.
Management highlighted strong financial performance and expressed confidence in future growth.
Sourced from an exchange-filed transcript, dated 28 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call held on May 20, 2026, Bharat Electronics Limited (BEL) reported a revenue increase to INR 27,480 crores for FY26, reflecting a 16% growth from the previous year. Profit before tax rose to INR 8,075 crores, a 14% increase, while profit after tax also grew by 14% to INR 6,048 crores. The EBITDA margin improved to 30%. Management highlighted a strong order book of INR 73,882 crores as of April 1, 2026, with significant contributions from defense electronics. They discussed ongoing investments in new technologies, including drone and quantum technologies, and emphasized the importance of indigenization in maintaining margins. Management set a goal of over 15% revenue growth for FY27 and planned a capital expenditure of over INR 1,200 crores. They also noted a focus on increasing non-defense and export contributions to overall revenue.
Management emphasized strong financial performance and growth initiatives.
Sourced from an exchange-filed transcript, dated 22 May 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedBharat Electronics Limited (BEL) reported a turnover of ₹26,680 crore and a profit after tax of ₹6,048 crore for FY2025-26. The company's net worth stood at ₹2,048 crore, with a total order book of ₹892 crore as of April 1, 2026. BEL emphasized its commitment to corporate governance, ethical conduct, and sustainability, with a robust CSR budget of ₹30,045 crore. The company faced no fraud reports from auditors and maintained compliance with statutory requirements. However, the Audit Committee's composition was not in line with regulations during part of the fiscal year due to vacancies in Independent Directors.
- Turnover of ₹26,680 crore and profit after tax of ₹6,048 crore for FY2025-26.
- Net worth of ₹2,048 crore and total order book of ₹892 crore as of April 1, 2026.
- No fraud reported by auditors, with compliance to statutory requirements.
- Audit Committee composition non-compliant with regulations during part of FY2025-26 due to Independent Director vacancies.
Key takeaway: BEL demonstrated strong financial performance with significant turnover and profit, robust CSR initiatives, and compliance with statutory requirements, though faced temporary governance issues related to Audit Committee composition.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (5 items); Default / Covenant Breach (5 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
5 occurrencesRecent (last 12 months)
During FY 2025-26, the company's board composition did not comply with Regulation 17(1) of SEBI (LODR) Regulations, 2015, Section 149 of the Companies Act, 2013, and DPE Guidelines. Additionally, the audit committee composition did not comply with Regulation 18 of SEBI (LODR) Regulations, 2015, Section 177 of the Companies Act, 2013, and DPE Guidelines from 01 April 2025 to 15 May 2025.
Earlier (1-3 years ago)
The company was fined by NSE and BSE for non-compliance with SEBI regulations regarding the composition of the Board of Directors due to an insufficient number of Independent Directors.
NSE and BSE imposed fines for non-compliance with regulations on Independent Directors, Audit Committee composition, and delay in submitting Related Party Transaction disclosures. The company contested the fines, citing government company procedures and pandemic-related disruptions.
Older (3+ years ago)
NSE & BSE have imposed fines on Bharat Electronics Limited for non-compliance with Regulation 17.
The Secretarial Auditor noted non-compliance with SEBI (LODR) Regulations, 2015 regarding the composition of the Board, Audit Committee, and Nomination & Remuneration Committee, and gaps in Audit Committee meeting intervals.
Default / Covenant Breach
5 occurrencesRecent (last 12 months)
As at 31 March 2026, the Kotdwara Unit of the Company has not deposited Property tax demand of ₹1116.30 Lakhs received from Kotdwara Municipal Corporation, and the matter is under discussion with authorities.
Earlier (1-3 years ago)
As at 31 March 2025, Kotdwara Unit of the Company has not deposited Property tax demand of ₹744.20 Lakhs received from Kotdwara Municip.
The company has a contingent liability of ₹0.45 Lakhs from matured deposits that remain unpaid due to legal issues.
Older (3+ years ago)
The company has overdue amounts for more than 90 days in respect of loans granted and advances in nature of loans, except for amounts disclosed below.
The company has overdue amounts of 0.51 lakh in principal and 0.51 lakh in total overdue for loans granted and advances in nature of loans.
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company has a pending litigation case related to a 2.5 MW Windmill plant at Davangere, where the lease deed is pending with the Forest Department of the Government of Karnataka, and the matter is in dispute in the High Court of Karnataka.
Earlier (1-3 years ago)
The company has pending litigation regarding the execution of title/sale deed and handing over physical possession of 5.60 acres of land allotted by APIIC in Mallapur, Hyderabad. No provision has been made for registration and other costs, and the cost of land paid to APIIC is shown as a capital advance.
The company has a pending litigation regarding the execution of title/sale deed and handing over physical possession of 5.60 acres of land allotted by APIIC in Mallapur, Hyderabad, with no provision made for registration and other costs. Additionally, there is a disputed demand of ₹648 from TSIIC for additional compensation related to 22.375 acres of land, also without a provision in the books.
Older (3+ years ago)
The company has pending execution of title/sale deed and handing over physical possession of land acquired free of cost from the Government in some units.
The company has pending litigation regarding land allotments and compensation disputes, including a demand of ₹256 from TSIIC for 22.375 acres of land, with no provision made in the books of accounts.
Related-Party Transaction
5 occurrencesRecent (last 12 months)
The company contributed INR 50,000 to the equity capital of Defence Innovation Organisation (DIO) during FY 2018-19, which is a not-for-profit company with BEL and HAL as shareholders. The contribution was made towards the initial corpus fund, and as of 31 March 2026, the pending disbursement is nil.
Earlier (1-3 years ago)
The company's CSR expenditure includes a contribution to a trust controlled by the company, which is considered a related-party transaction under relevant accounting standards.
The company has a related-party transaction involving the lease of 0.42 acres (0.31 acres) of land and building to its subsidiary, BEL Thales Systems Ltd., under a cancellable operating lease.
Older (3+ years ago)
The company has a related-party transaction involving the lease of 0.31 acres of investment property (building and land) to its subsidiary company BEL Thal under a cancellable operating lease.
The company has a contract liability balance that includes revenue recognised during the period amounting to ₹4,82,793 (₹1,29,761) which was included in the contract liability balance at the beginning of the period.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.56% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).