Bharat Electronics Limited
BEL · Defence · NSE
₹412
Current Market Price
Fair Value (DCF)
₹271
Discount to FV
-34.3%
Updated 34m ago
YieldIQ Score
50/100
Piotroski F-Score
6/9
Economic Moat
Wide
Confidence
37%
ROE
25.3%
Debt/Equity
0.00
WACC
9.8%
Market Cap
₹3.01 Lakh Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
35.8%
Return on capital employed
EV / EBITDA
33.8×
Enterprise multiple
Debt / EBITDA
0.0×
Leverage vs earnings
Interest Coverage
757.0×
EBIT covers interest
Current Ratio
1.76×
Short-term liquidity
Asset Turnover
0.57×
Revenue per ₹ of assets
Revenue CAGR (3Y)
9.1%
3-year revenue growth
Revenue CAGR (5Y)
11.4%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹412.05
Bear case
Discount -172.4%
Base case
Discount -52.3%
Bull case
Discount -30.5%
Ratio Trends
BEL · last 9 annual periods
ROE
25.3%
ROCE
35.8%
Operating Margin
—
Debt / Equity
0.00×
PE
48.3×
EV / EBITDA
33.8×
Historical Financials
BEL · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2022 NSE_XBRL | 2023 NSE_XBRL | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹15.1K Cr | ₹17.4K Cr | ₹19.9K Cr | ₹23.8K Cr | ₹27.6K Cr | +16.3% |
| EBITDA | ₹3572 Cr | ₹4366 Cr | ₹5716 Cr | ₹7576 Cr | ₹8615 Cr | +24.6% |
| EBIT | ₹3171 Cr | ₹3938 Cr | ₹5273 Cr | — | — | +13.6% |
| PAT | ₹2399 Cr | ₹2984 Cr | ₹3985 Cr | ₹5321 Cr | ₹6062 Cr | +26.1% |
| EPS (diluted) | ₹9.85 | ₹4.09 | ₹5.45 | — | — | -13.8% |
| CFO | ₹4207 Cr | ₹1199 Cr | ₹4659 Cr | ₹564 Cr | ₹1541 Cr | -22.2% |
| CapEx | ₹-555 Cr | ₹-590 Cr | ₹-653 Cr | ₹-1011 Cr | ₹-985 Cr | — |
| FCF | ₹3653 Cr | ₹609 Cr | ₹4007 Cr | ₹-447 Cr | ₹556 Cr | -37.5% |
| Total Assets | ₹33.9K Cr | ₹35.5K Cr | ₹39.5K Cr | ₹40.8K Cr | ₹44.5K Cr | +7.1% |
| Total Debt | ₹52.7 Cr | ₹61.3 Cr | ₹62.5 Cr | ₹61.2 Cr | ₹65.5 Cr | +5.6% |
| Shareholders' Equity | ₹12.3K Cr | ₹13.9K Cr | ₹16.3K Cr | ₹20.0K Cr | ₹24.0K Cr | +18.2% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
BEL vs 5 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
 HAL Hindustan Aeronautics Limited | +23.5% | 65 | Near Fair Value | 22.2% | 25.6× |
 MAZDOCK Mazagon Dock Shipbuilders Limited | -57.0% | 37 | Above Fair Value | 26.5% | — |
 BDL Bharat Dynamics Limited | -74.2% | 40 | Data Limited | 9.9% | 95.6× |
 COCHINSHIP Cochin Shipyard Limited | -43.8% | 45 | Above Fair Value | 12.2% | 43.8× |
 GRSE Garden Reach Shipbuilders & Engineers Limited | -37.9% | 50 | Above Fair Value | 25.4% | — |
Click a ticker to view its fair-value analysis.
Dividend History
26 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹10.25/sh
Last payout
2026-03-06
₹1.95
Peak payout
₹1.95
Trailing yield
0.69%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Bharat Electronics Limited (BEL.NS) trades at 412.05 vs a model fair value of 270.56, a gap of -34.3%. Piotroski F-score: 6/9. Moat label...
Read full AI analysis →Reverse DCF
Market-implied growth
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Risk Analysis
Volatility & drawdown
Risk profile of BEL →
DuPont
ROE decomposition
Why ROE is what it is →
Technicals
RSI, MACD, MAs
Reference indicators →
News & Filings
Recent activity
BSE filings + news for BEL →
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Analyse BELNow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.