Bharat Electronics Ltd
BELBharat Electronics Ltd's earnings have outrun its stock. EPS grew +13.9% in a year against a +3.7% price move.
The sharpest disagreement: profits are rising, but only 44% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (67 weeks in) while the P/E sits at the 83rd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +4.7% year on year, and 44% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Bharat Electronics Ltd trades at ₹409, in a confirmed uptrend and 67 weeks into that stage. That is −0.6% against its own 200-day average. It sits at 40% of a 52-week range of ₹371 to ₹468. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (15 weeks and counting).
Today the stock is in a confirmed uptrend — week 67 of stage 2. At ₹409 it trades −0.6% versus its 200-day average and sits at 40% of its 52-week range (₹371–₹468).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +1,180% while the NIFTY 500 moved +280% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (15 weeks and counting; last ahead the week of 2026-05-08) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 83rd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Bharat Electronics Ltd trades at 48.8× P/E, at the pricey end of its own range (83rd percentile). Its long-run median P/E is 25.1×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 48.8× is at the pricey end of its own range (83rd percentile), against a long-run median of 25.1× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +13.9% against a +3.7% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +46.9%/yr price move, ~+23.6%/yr came from earnings growth and ~+23.3 pp from the multiple (expanding); over 10y, of the +26.8%/yr price move, ~+18.6%/yr came from earnings growth and ~+8.2 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Topping out Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Bharat Electronics Ltd reads as topping out on its fundamental arc. Topping out — profit and EPS growth have decelerated hard (profit growth +36.6% at its peak → +13.9% latest) while ROCE still reads 34.8%. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: decelerating from a peak is where good stories quietly end — the multiple usually notices late.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +16.2% | +15.9% | +14.4% | +14.1% |
| Profit | +13.9% | +26.6% | +23.6% | +16.3% |
| EPS | +13.9% | +26.7% | +23.6% | +17.2% |
| Share price | +3.7% | +47.7% | +46.9% | +26.8% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
46.4/100 — rank 15 of 24 in Aerospace & Defence - Equipments · 96% evidence confidence
Bharat Electronics Ltd scores 46.4 out of 100 against the 24 companies it is compared with in Aerospace & Defence - Equipments, ranking 15. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 15.8 + 19.6 + 8.1 + 2.9 = 46.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Bharat Electronics Ltd reported ₹10,224 Cr of revenue in the Mar 26 quarter, +11.7% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.1% a year. The last full year, FY26, came in at ₹27,610 Cr. The last four reported quarters add to ₹27,610 Cr.
Bharat Electronics Ltd reported ₹10,224 Cr of revenue in the Mar 26 quarter, +11.7% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 14.1% a year. The last full year, FY26, came in at ₹27,610 Cr. The last four reported quarters add to ₹27,610 Cr.
FY26 revenue came in at ₹27,610 Cr (+16.2% on the year), capping 10 years at 14.1% compound. The latest quarter (Mar 26) printed ₹10,224 Cr, +11.7% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +16.5% growth against the decade's 14.1% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +16.2% over the last 4 quarters against +16.7%/yr over the last 8 — stabilising; TTM profit +13.9% vs +23.3%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 29.0% this quarter (−2.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Bharat Electronics Ltd's operating margin is 29.0% in the Mar 26 quarter, −2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 14.0% to 29.0%. The current quarter sits inside that band.
Bharat Electronics Ltd's operating margin is 29.0% in the Mar 26 quarter, −2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 14.0% to 29.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 29.0%, −2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 14.0%–29.0%, and FY26's 29.0% is the top of that band — a record year.
🚨 Why the margin moved: operating margin went −1.6 pp year on year while gross margin went +0.1 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins slipped — did that reach the bottom line? Next: profit +4.7% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Bharat Electronics Ltd earned ₹2,226 Cr of net profit in the Mar 26 quarter, +4.7% year on year. It is the 12th consecutive quarter of growth. Full-year FY26 profit was ₹6,062 Cr. The 10-year compound rate is 16.3%. That is 21.8% of the quarter's revenue. The same quarter a year earlier earned ₹2,127 Cr.
Bharat Electronics Ltd earned ₹2,226 Cr of net profit in the Mar 26 quarter, +4.7% year on year. It is the 12th consecutive quarter of growth. Full-year FY26 profit was ₹6,062 Cr. The 10-year compound rate is 16.3%. That is 21.8% of the quarter's revenue. The same quarter a year earlier earned ₹2,127 Cr.
Mar 26 profit was ₹2,226 Cr, +4.7% year on year — the 12th consecutive quarter of growth. On the full year, FY26 printed ₹6,062 Cr (+13.9%), and the 10-year compound rate is 16.3%.
Why profit moved: revenue contributed +11.7% and the margin −2.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +16.3% vs revenue +16.5%. Profit and revenue are moving roughly in step.
→ Profit rose — but did the cash follow? Next: 44% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 44% of Bharat Electronics Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹1,541 Cr of operating cash against ₹6,062 Cr of profit. After ₹937 Cr of capital spending, ₹604 Cr was left as free cash.
FY26: operating cash of ₹1,541 Cr against reported profit of ₹6,062 Cr, leaving free cash of ₹604 Cr after ₹937 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 44% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 44%: the cash cycle stretched 94 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 94 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 342-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Bharat Electronics Ltd's cash conversion cycle runs 342 days in FY26, up from 248 days in FY21. Capital spending ran ₹2,500 Cr over the last 3 years. At FY26 sales of ₹27,610 Cr each day of that cycle holds about ₹75.6 Cr, so roughly ₹25,870 Cr sits inside the business at any moment.
FY26: debtors at 170 days, inventory at 265 days — roughly 8.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 342 days, looser than FY21's 248.
The full loop: cash goes out to suppliers and production on day 0; stock waits 265 days to sell; customers pay about 170 days after that; and suppliers themselves are paid at 93 days — netting out to the 342-day cycle.
In money terms: at FY26 sales of ₹27,610 Cr, each day of the cycle holds about ₹75.6 Cr — so the 342-day loop keeps roughly ₹25,870 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹2,500 Cr over the last 3 fiscal years against ₹1,466 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹486 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 37% and the ROIC − WACC spread is +24.7 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Bharat Electronics Ltd earns a ROCE of 37% in FY26. That is up from a trough of 18% in FY14. Return on invested capital clears the cost of that capital by +24.7 percentage points, so growth here adds value rather than only size. The wiring behind it is 22.0% net margin on 0.62× asset turns.
FY26 ROCE is 37%, recovered from a FY14 trough of 18% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 22.0% net margin × 0.62× asset turns × 1.86× balance-sheet leverage ≈ 25.4% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 36.7% − 12.0% = a +24.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.00.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Bharat Electronics Ltd carries total debt of ₹65.0 Cr against shareholder equity of ₹24,007 Cr as of Mar 26, a debt-to-equity of 0.00 — effectively unlevered. On the annual view that ratio went from 0.00 in FY22 to 0.00 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹65.0 Cr against shareholder equity of ₹24,007 Cr — a debt-to-equity of 0.00. On the annual view, debt-to-equity went from 0.00 (FY22) to 0.00 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Bharat Electronics Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.4 points over the same window, to 21.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.6 points over 8 quarters to 18.0%; Domestic institutions: +0.4 points over 8 quarters to 21.0%; Promoters: +0.0 points over 8 quarters to 51.1%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Bharat Electronics Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Bharat Electronics Ltd this page | 48.8× | ₹3L Cr | Mixed | |||
| Hindustan Aeronautics Ltd | 33.6× | ₹3.1L Cr | Consistent | |||
| Bharat Dynamics Ltd | 108.0× | ₹45,564 Cr | Deteriorating | |||
| Data Patterns (India) Ltd | 104.0× | ₹25,666 Cr | Turning around | |||
| MTAR Technologies Ltd | 184.0× | ₹17,856 Cr | Improving | |||
| Astra Microwave Products Ltd | 89.2× | ₹17,217 Cr | Mixed | |||
| Zen Technologies Ltd | 87.9× | ₹15,970 Cr | Deteriorating | |||
| Azad Engineering Ltd | 119.0× | ₹15,751 Cr | Mixed | |||
| Aequs Ltd | — | ₹15,374 Cr | — | — | — | — |
| Apollo Micro Systems Ltd | 130.0× | ₹14,652 Cr | Mixed | |||
| BEML Ltd | 101.0× | ₹14,269 Cr | Mixed | |||
| Sigma Advanced System Ltd | 35.7× | ₹9,911 Cr | No read | |||
| Paras Defence and Space Technologies Ltd | 112.0× | ₹9,632 Cr | Mixed | |||
| Mishra Dhatu Nigam Ltd | 56.0× | ₹7,357 Cr | Mixed | |||
| Dynamatic Technologies Ltd | 142.0× | ₹7,102 Cr | Turning around | |||
| AXISCADES Technologies Ltd | 86.6× | ₹6,839 Cr | Mixed | |||
| AXISCADES Technologies Ltd | 82.5× | ₹6,520 Cr | Topping out | |||
| Avantel Ltd | 253.0× | ₹4,344 Cr | Deteriorating | |||
| Ideaforge Technology Ltd | — | ₹4,326 Cr | No read | |||
| Rossell Techsys Ltd | 164.0× | ₹3,707 Cr | No read | |||
| Sika Interplant Systems Ltd | 68.8× | ₹2,416 Cr | Mixed | |||
| NIBE Ltd | 414.0× | ₹2,332 Cr | Turning around | |||
| Jaykay Enterprises Ltd | 32.1× | ₹2,152 Cr | No read | |||
| DCX Systems Ltd | — | ₹2,013 Cr | Deteriorating | |||
| Sika Interplant Systems Ltd | 49.4× | ₹1,813 Cr | Mixed | |||
| Vinyas Innovative Technologies Ltd | 51.9× | ₹1,602 Cr | No read |
Frequently asked questions
What is Bharat Electronics Ltd's share price today?
Bharat Electronics Ltd trades at ₹409, +3.7% over the past year. The company is valued at ₹2,96,046 Cr. The stock sits at 40% of its 52-week range of ₹371–₹468, −0.6% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 67 weeks in. — as of 24 July 2026.
What were Bharat Electronics Ltd's latest quarterly results?
Bharat Electronics Ltd reported revenue of ₹10,224 Cr and net profit of ₹2,226 Cr for the Mar 26 quarter. Revenue rose 11.7% and profit rose 4.7% year on year. Earnings per share were ₹3.04. The operating margin was 29.0%, 2.0 pp lower than a year earlier. — as of 24 July 2026.
What is Bharat Electronics Ltd's revenue?
Bharat Electronics Ltd reported revenue of ₹10,224 Cr in the Mar 26 quarter, +11.7% year on year. For the full FY26 fiscal year, revenue was ₹27,610 Cr (+16.2%). Over the last 10 years revenue compounded at 14.1% a year. — as of 24 July 2026.
What is Bharat Electronics Ltd's profit?
Bharat Electronics Ltd earned ₹2,226 Cr of net profit in the Mar 26 quarter, +4.7% year on year — the 12th straight quarter of growth. Full-year FY26 profit was ₹6,062 Cr. The operating margin ran 29.0% in the latest quarter. — as of 24 July 2026.
What is Bharat Electronics Ltd's market cap?
Bharat Electronics Ltd's market capitalisation is ₹2,96,046 Cr at a share price of ₹409. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Bharat Electronics Ltd's P/E ratio?
Bharat Electronics Ltd trades at a P/E of 48.8×, at the 83rd percentile of its own 10-year range, against a long-run median of 25.1×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Bharat Electronics Ltd pay a dividend?
Yes — Bharat Electronics Ltd's dividend payout was 30% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Bharat Electronics Ltd overvalued?
On its own history, Bharat Electronics Ltd looks expensive against its own history: its P/E of 48.8× sits at the 83rd percentile of its 10-year range (long-run median 25.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Bharat Electronics Ltd growing?
Yes — Bharat Electronics Ltd is growing: latest-quarter revenue +11.7% year on year, profit +4.7%, and the margin −2.0 pp at 29.0%. The 10-year compound rates are 14.1% (revenue) and 16.3% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Bharat Electronics Ltd performing?
Bharat Electronics Ltd is in a confirmed uptrend, 67 weeks in. Its latest quarter's revenue rose 11.7% and profit rose 4.7% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 15 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Bharat Electronics Ltd in?
Topping out — profit and EPS growth have decelerated hard (profit growth +36.6% at its peak → +13.9% latest) while ROCE still reads 34.8%. The read comes from the last 12 quarters of growth (revenue growth +16.2% latest, profit growth +13.9% latest, eps growth +14.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Bharat Electronics Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 67 of stage 2), trading −0.6% versus its 200-day average and at 40% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Bharat Electronics Ltd beating the market?
Not lately — on a trailing-13-week view Bharat Electronics Ltd is currently behind the NIFTY 500 (15 weeks and counting; last ahead the week of 2026-05-08), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +1,180% against the NIFTY 500's +280% — ahead of the index over the full window. — as of 24 July 2026.
Will Bharat Electronics Ltd's share price go up?
This page publishes no price forecast for Bharat Electronics Ltd. What it measures instead: the share price is ₹409, the price is in a confirmed uptrend 67 weeks in. Its P/E of 48.8× sits at the 83rd percentile of its own 10-year range. — as of 24 July 2026.
Who owns Bharat Electronics Ltd?
Promoters hold 51.1% of Bharat Electronics Ltd, foreign institutions 18.0%, domestic institutions 21.0% and the public 9.8% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Bharat Electronics Ltd have too much debt?
No — Bharat Electronics Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill north of 100×. FY26 borrowings were ₹65.0 Cr against equity of ₹23,988 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Bharat Electronics Ltd's capex?
Bharat Electronics Ltd spent ₹2,500 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹937 Cr, with ₹486 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Bharat Electronics Ltd's cash flow?
Bharat Electronics Ltd generated ₹1,541 Cr of operating cash flow in FY26 and ₹604 Cr of free cash flow after ₹937 Cr of capital spending. Reported profit that year was ₹6,062 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Bharat Electronics Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 44% of Bharat Electronics Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,541 Cr against reported profit of ₹6,062 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
Where is Bharat Electronics Ltd in its business cycle?
Bharat Electronics Ltd's FY26 operating margin was 29.0%, against a 13-year band of 14.0%–29.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 29.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Bharat Electronics Ltd story?
The sharpest disagreement: profits are rising, but only 44% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Bharat Electronics Ltd a stock worth studying right now?
This is not investment advice. The machine read: Bharat Electronics Ltd's earnings have outrun its stock. EPS grew +13.9% in a year against a +3.7% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.