Bharat Electronics

NSE: BEL · Defence · PSU

₹284.98

▼ -1.73%

BUY

Illustrative research · not investment advice Demo price · quote unavailable · Fundamentals and research: sample dataset (30 Oct 2026)

Price chart

Illustrative price history · not actual market candles

A. Company overview

Defence electronics PSU supplying radars, communication and systems.

Market cap

₹40,86,611 Cr

Industry / Sector

Defence

Segments

Website

Visit ↗

DefenceNon-DefenceExports

B. Fundamental analysis (illustrative)

Revenue growth

+21.03%

Net profit growth

+20.46%

Operating margin

24.47%

EBITDA margin

30.12%

ROE

18.02%

ROCE

23.05%

Debt / Equity

0.97

EPS

₹29.20

Operating cash flow

₹1,94,506 Cr

Working capital

₹60,821 Cr

5-year revenue & profit (₹ Cr)

C. Financial statements (illustrative)

₹ Cr	FY22	FY23	FY24	FY25	FY26
Revenue	5,10,250	5,57,325	6,42,985	7,19,990	7,60,264
EBITDA	1,47,946	1,74,837	1,95,840	2,09,674	2,28,954
Net profit	92,466	1,09,273	1,22,400	1,31,047	1,43,096
EPS (₹)	20.44	22.78	25.11	27.45	29.78

D. Valuation analysis

P/E

9.76

P/B

10.96

EV/EBITDA

6.29

Price/Sales

1.74

EPS

₹29.20

Dividend yield

4.98%

Peer comparison — Defence

Company	CMP	P/E	P/B	ROE	D/E
Bharat Electronics	284.98	9.76	10.96	18.02%	0.97
Hindustan Aeronautics	4,551.24	13.96	11.14	11.79%	0.76

E. Technical analysis

RSI (14)

45.29

MACD

6.95

Support

₹270.73

Resistance

₹302.08

Volume

2,01,30,371

Illustrative technical charts · not actual market history

Candlestick (last 50 sessions)

Price with 50-DMA & 200-DMA, volume

Fibonacci retracement levels

23.6% · ₹307.86

38.2% · ₹302.20

50.0% · ₹297.63

61.8% · ₹293.06

F. Shareholding pattern

Promoter (Government)51.1%

FII9.29%

DII13.88%

of which Mutual Funds6.35%

Public25.73%

G. SWOT analysis

Strengths

Established position in Defence
ROE of 18.02% in demo data

Weaknesses

Limited pricing power in some segments
Cyclical exposure

Opportunities

Domestic demand growth
Expansion in Defence

Threats

Regulatory changes
Competitive intensity

Illustrative template points for demonstration.

H. Research conclusion

Financial strength

Moderate leverage to monitor

Business quality

High capital efficiency

Valuation

Reasonable valuation

Growth

Sales growth of 21.03%

Risk assessment

High risk

Overall

Illustrative BUY opinion · target ₹342.32 · stop loss ₹256.74

I. Corporate actions

Dividend history (₹/share)

Year	Dividend
FY22	11.35
FY23	12.21
FY24	13.06
FY25	13.91
FY26	14.76

Bonus, splits & announcements

Bonus history: none in demo dataset
Stock split history: none in demo dataset
Board meeting for quarterly results — demo announcement