Bharat Electronics Ltd

About Bharat Electronics Ltd

Bharat Electronics Ltd (BEL) is a leading Indian state-owned aerospace and defense electronics company. It designs, manufactures, and supplies a wide range of sophisticated electronic products and systems for military, paramilitary, and civilian applications. BEL holds a significant market share in critical defense segments and is a navratna PSU, playing a crucial role in India's strategic defense capabilities.

Key Financial Ratios of Bharat Electronics Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Bharat Electronics Ltd's P/E ratio (TTM) is 49.97, compared to the industry median of 40.76 and large cap median of 45.30.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Bharat Electronics Ltd's P/B ratio is 12.60, compared to the industry median of 8.98 and large cap median of 11.69.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Bharat Electronics Ltd's P/S ratio is 11.09, compared to the industry median of 8.32 and large cap median of 9.70.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Bharat Electronics Ltd's PEG ratio is 3.32.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Bharat Electronics Ltd's EV/EBITDA ratio is 34.54.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Bharat Electronics Ltd's ROE is 25.27%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Bharat Electronics Ltd's ROA is 18.07%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Bharat Electronics Ltd's ROCE is 37%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Bharat Electronics Ltd's operating margin is 29.15%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Bharat Electronics Ltd's net margin is 21.96%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Bharat Electronics Ltd's current ratio is 1.90.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Bharat Electronics Ltd's debt-to-equity ratio is 0.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Bharat Electronics Ltd's interest coverage ratio is 1151.43.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Bharat Electronics Ltd's DPS is ₹2.49.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Bharat Electronics Ltd's EPS is 13.87.

(Source line: "Ratios as of 25 Aug 2026, based on last traded price of ₹413.25. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1954

• Headquarters: Bengaluru, Karnataka

• Core Offerings: Radars, Missile Systems, Communication Systems, Electronic Warfare Systems, Naval Systems

• Stock Listing: NSE (BEL), BSE (500049)

• Promoter: Government of India

History of Bharat Electronics Ltd

Bharat Electronics Ltd was established in 1954 by the Government of India, initially to manufacture basic communication equipment. Over the decades, it progressively diversified and expanded its product portfolio to include radars, military communication systems, electronic warfare systems, and sonar systems. Key milestones include commencing manufacturing of indigenous radars in the 1960s, expanding into naval systems in the 1970s, and evolving into a multi-product, multi-technology company serving defense, space, and civilian sectors. Today, BEL is a premier electronics company for defense and a 'Navratna' Public Sector Undertaking.

Business Segments and Revenue Mix

• Radar & Weapon Systems: Designs and manufactures a wide range of ground-based, naval, and airborne radars, including battlefield surveillance radars, air defense radars, and fire control systems. Also supplies missile systems and associated electronic components.

• Communication & Electronic Warfare: Produces secure communication equipment for military applications, including tactical radio sets, satellite communication terminals, and electronic warfare systems for intelligence, surveillance, and reconnaissance.

• Naval Systems & Sonars: Provides integrated bridge systems, naval surveillance radars, and advanced sonar systems for surface ships and submarines, contributing significantly to naval defense capabilities.

Key Personnel

Bhanu Prakash Srivastava (Chairman & Managing Director): An IIT Roorkee and IIT Delhi alumnus with extensive experience in the defense electronics sector, having held various leadership positions within BEL prior to his current role.

Subsidiaries and Associate Companies

• BEL-Thales Systems Limited (BTSL): Joint Venture with Thales for high-tech radar systems.

• BEL Optronic Devices Limited (BELOP): Engaged in manufacturing image intensifier tubes and related components.

Corporate Actions

Bonus Issue in 1:2 ratio (1 bonus share for every 2 shares held) - September 2022. Stock Split (from Rs. 10/- to Rs. 1/- per share) - October 2017.

References

1. BEL Annual Report 2022-23
2. BSE/NSE Filings & Investor Presentations
3. Company Website (www.bel-india.in)