Bharat Electronics Limited
BEL · Defence · NSE
₹453
Current Market Price
Fair Value (DCF)
₹294
Margin of Safety
-35.1%
Updated just now
YieldIQ Score
31/100
Piotroski F-Score
8/9
Economic Moat
Moderate
Confidence
34%
ROE
26.6%
Debt/Equity
0.00
WACC
9.8%
Market Cap
₹3.31 Lakh Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
33.7%
Return on capital employed
EV / EBITDA
39.3×
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
0.63×
Revenue per ₹ of assets
Revenue CAGR (3Y)
—
3-year revenue growth
Revenue CAGR (5Y)
12.9%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹453.2
Bear case
₹180.92
MoS -150.5%
Base case
₹294
MoS -54.1%
Bull case
₹389.94
MoS -16.2%
Ratio Trends
BEL · last 8 annual periods
ROE
26.6%
ROCE
37.8%
Operating Margin
—
Debt / Equity
0.00×
PE
51.6×
EV / EBITDA
15.4×
Historical Financials
BEL · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹14.1K Cr | ₹15.4K Cr | ₹6479 Cr | ₹8564 Cr | ₹23.1K Cr | +13.1% |
| EBITDA | — | ₹3572 Cr | ₹4366 Cr | ₹5716 Cr | ₹7576 Cr | +20.7% |
| EBIT | ₹2948 Cr | ₹3171 Cr | ₹1784 Cr | ₹2394 Cr | — | -5.1% |
| PAT | ₹2100 Cr | ₹2400 Cr | ₹1382 Cr | ₹1797 Cr | ₹5321 Cr | +26.2% |
| EPS (diluted) | ₹8.62 | ₹9.85 | ₹1.90 | ₹2.46 | — | -26.9% |
| CFO | ₹5093 Cr | ₹4207 Cr | ₹1267 Cr | ₹4659 Cr | ₹587 Cr | -41.7% |
| CapEx | — | — | — | — | ₹-1011 Cr | — |
| FCF | — | — | — | — | ₹-425 Cr | — |
| Total Assets | — | ₹33.9K Cr | ₹35.5K Cr | ₹39.5K Cr | ₹40.8K Cr | +4.8% |
| Total Debt | — | — | ₹0.0 Cr | ₹0.0 Cr | ₹61.2 Cr | — |
| Shareholders' Equity | — | — | ₹13.9K Cr | ₹16.3K Cr | ₹20.0K Cr | +9.6% |
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 | +16.5% | 62 | Undervalued | 23.9% | — |
| MAZDOCK MAZDOCK | — | — | Pending | 30.4% | — |
| BDL BDL | — | — | Pending | 13.7% | — |
| COCHINSHIP COCHINSHIP | — | — | Pending | 14.8% | — |
| GRSE Garden Reach Shipbuilders & Engineers Limited | -23.6% | 49 | Overvalued | 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
0.63%
Amounts parsed from NSE subject lines; percent-of-face-value declarations are not converted and shown as missing.
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Bharat Electronics Limited (BEL.NS) trades at 453.20 vs a model fair value of 294.00, a gap of -35.1%. Piotroski F-score: 8/9. Moat label...
Read full AI analysis →Reverse DCF
Market-implied growth
What FCF growth is priced in →
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 →
Compare
Head-to-head with peers
Compare BEL side by side →
Run Full Interactive Analysis
Interactive DCF sliders, sensitivity heatmap, peer comparison, and more.
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.