Bharat Electronics Ltd (BEL) — share price & stock analysis
Profits are up 52% in two years, the price has already paid for much of it, leaving little room for error.
Bharat Electronics Ltd (BEL) trades at ₹416 as of 1 July 2026, down 2.6% over the past year — beating NIFTY 500 for 1 week. The machine reads this as steady growth, richly priced: profits are up 52% in two years, the price has already paid for much of it, leaving little room for error. It trades at a P/E of 50.2× (the 87th percentile of its own range); the price is in Stage 2 — advancing, 65 weeks in; the business cycle reads DEEP CYCLICAL / AT PEAK. Fundamentals-momentum score: 78/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹3,04,270 Cr
- P/E
- 50.2×
- ROE
- 27.6%
- vs own 10-yr valuation
- 87th pctile
- Book value / share
- ₹32.8
- EPS (TTM)
- ₹8.29
- 10-yr median P/E
- 25.4×
- Revenue (FY26)
- ₹27,610 Cr
- Profit after tax (FY26)
- ₹6,062 Cr
- Weinstein stage
- Stage 2 (65 weeks)
- Data as of
- 1 July 2026
Profits swing violently in this business — margins swinging 15 points peak to trough. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.net_profit
Where the clock stands now: earnings sit at 100% of their historical range, margins are the best ever printed, and the market pays the expensive end of its range (87th percentile). That reads as AT PEAK — everything looks great at once — record earnings, top-of-band margins, a full price. That is exactly when cycles turn, and no one rings a bell.net_profit
5 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROCE 37% — a high-quality engine; effectively no debt; margins at an all-time high. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.
The price has run ahead of the profits
Since Aug 2016, the stock is up 1,025% while earnings per share grew 391%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps
That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.
Today’s P/E of 50.2× means the market is paying up — this is the expensive end of its own 10-year history (87th percentile).pe_ratio
Data: Price, EPS and valuation (sampled — full series in the embedded dataset)
| Period | Price (₹) | EPS (TTM) (₹) | P/E (×) |
|---|---|---|---|
| Aug 16 | 37.3 | – | 24.7 |
| Oct 16 | 38.3 | 1.7 | 22.7 |
| Dec 16 | 42.0 | 1.7 | 24.8 |
| Feb 17 | 45.6 | 1.7 | 27.0 |
| Apr 17 | 55.4 | 1.7 | 32.8 |
| Jun 17 | 49.0 | 1.7 | 29.0 |
| Sep 17 | 58.8 | 2.1 | 28.4 |
| Nov 17 | 61.0 | 2.1 | 29.5 |
| Jan 18 | 60.8 | 2.1 | 29.4 |
| Mar 18 | 49.5 | 2.1 | 23.9 |
| May 18 | 42.6 | 2.1 | 20.6 |
| Jul 18 | 34.6 | 2.1 | 16.7 |
| Sep 18 | 29.6 | 2.0 | 15.1 |
| Nov 18 | 30.9 | 2.0 | 15.8 |
| Jan 19 | 28.8 | 2.0 | 14.7 |
| Mar 19 | 30.4 | 2.0 | 15.5 |
| May 19 | 37.3 | 2.0 | 19.0 |
| Jul 19 | 32.9 | 2.0 | 16.8 |
| Sep 19 | 36.0 | 2.6 | 14.0 |
| Nov 19 | 34.4 | 2.3 | 15.0 |
| Feb 20 | 28.3 | 1.9 | 15.1 |
| Apr 20 | 23.3 | 1.9 | 12.4 |
| Jun 20 | 24.6 | – | 13.1 |
| Aug 20 | 33.1 | 2.3 | 14.5 |
| Oct 20 | 30.9 | 2.3 | 13.6 |
| Dec 20 | 38.2 | 2.4 | 16.2 |
| Feb 21 | 45.4 | 2.4 | 18.7 |
| Apr 21 | 42.7 | 2.4 | 17.6 |
| Jun 21 | 48.7 | 2.4 | 20.1 |
| Aug 21 | 57.0 | 2.8 | 20.1 |
| Oct 21 | 67.2 | 2.8 | 23.7 |
| Dec 21 | 68.0 | 3.1 | 21.7 |
| Feb 22 | 66.7 | 3.6 | 18.7 |
| Apr 22 | 79.5 | 3.6 | 22.3 |
| Jul 22 | 76.6 | 3.3 | 23.4 |
| Sep 22 | 108 | 3.7 | 28.9 |
| Nov 22 | 109 | 3.7 | 29.1 |
| Jan 23 | 99.0 | 3.8 | 26.4 |
| Mar 23 | 94.9 | 3.8 | 25.2 |
| May 23 | 107 | 3.8 | 28.5 |
| Jul 23 | 127 | 4.1 | 31.2 |
| Sep 23 | 136 | 4.3 | 31.4 |
| Nov 23 | 146 | 4.6 | 32.1 |
| Jan 24 | 193 | 4.6 | 42.5 |
| Mar 24 | 198 | 4.9 | 40.5 |
| May 24 | 297 | 5.5 | 54.5 |
| Jul 24 | 310 | 5.8 | 56.9 |
| Sep 24 | 293 | 5.8 | 50.6 |
| Nov 24 | 308 | 6.2 | 49.6 |
| Feb 25 | 282 | 6.8 | 41.3 |
| Apr 25 | 280 | 6.8 | 41.0 |
| Jun 25 | 391 | 7.3 | 53.7 |
| Aug 25 | 385 | 7.5 | 51.1 |
| Oct 25 | 414 | 7.5 | 55.0 |
| Dec 25 | 389 | 7.8 | 50.0 |
| Feb 26 | 436 | 8.2 | 53.4 |
| Apr 26 | 426 | – | – |
| May 26 | 411 | 8.3 | 49.5 |
| Jul 26 | 416 | 8.3 | 50.2 |
Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (25.4×).
The price is in a confirmed uptrend — 65 weeks and counting
STAGE 2 · ADVANCING · 65 WEEKSStock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 2: advancing, 65 weeks in, confirmed.stage
The price sits above its rising 200-day average (₹412 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200
Beating NIFTY 500 for 1 week — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Feb 16 | 32.0 | 35.4 | 36.2 | 4 |
| May 16 | 33.3 | 35.1 | 35.1 | 1 |
| Aug 16 | 37.2 | 36.2 | 37.3 | 2 |
| Nov 16 | 39.4 | 37.0 | 38.3 | 2 |
| Jan 17 | 46.7 | 39.7 | 43.5 | 2 |
| Apr 17 | 54.7 | 43.5 | 48.8 | 2 |
| Jul 17 | 52.5 | 47.2 | 51.2 | 2 |
| Oct 17 | 55.4 | 50.8 | 55.4 | 2 |
| Dec 17 | 60.7 | 54.9 | 60.1 | 2 |
| Mar 18 | 46.6 | 54.2 | 52.5 | 4 |
| Jun 18 | 39.0 | 49.1 | 42.3 | 4 |
| Sep 18 | 30.6 | 43.7 | 37.3 | 4 |
| Nov 18 | 27.8 | 37.7 | 30.8 | 4 |
| Feb 19 | 26.2 | 33.3 | 27.6 | 4 |
| May 19 | 30.6 | 32.0 | 29.9 | 4 |
| Aug 19 | 32.5 | 33.3 | 33.7 | 2 |
| Nov 19 | 40.1 | 34.5 | 36.5 | 2 |
| Jan 20 | 34.0 | 34.4 | 34.2 | 4 |
| Apr 20 | 23.8 | 30.5 | 25.3 | 4 |
| Jul 20 | 33.2 | 28.4 | 27.0 | 4 |
| Oct 20 | 32.0 | 31.0 | 33.3 | 2 |
| Dec 20 | 38.3 | 32.5 | 35.7 | 2 |
| Mar 21 | 42.6 | 38.1 | 44.9 | 2 |
| Jun 21 | 51.4 | 41.7 | 47.8 | 2 |
| Sep 21 | 66.2 | 49.4 | 58.8 | 2 |
| Nov 21 | 66.1 | 57.8 | 68.3 | 2 |
| Feb 22 | 66.7 | 62.7 | 68.4 | 2 |
| May 22 | 72.9 | 67.8 | 75.3 | 2 |
| Aug 22 | 92.0 | 74.2 | 83.7 | 2 |
| Oct 22 | 105 | 86.8 | 102 | 2 |
| Jan 23 | 102 | 94.2 | 102 | 2 |
| Apr 23 | 101 | 94.6 | 96.3 | 3 |
| Jul 23 | 124 | 103 | 116 | 2 |
| Sep 23 | 138 | 116 | 133 | 2 |
| Dec 23 | 175 | 130 | 150 | 2 |
| Mar 24 | 189 | 157 | 191 | 2 |
| Jun 24 | 283 | 194 | 249 | 2 |
| Aug 24 | 299 | 243 | 300 | 2 |
| Nov 24 | 281 | 261 | 286 | 2 |
| Feb 25 | 250 | 272 | 280 | 2 |
| May 25 | 316 | 279 | 294 | 2 |
| Aug 25 | 377 | 332 | 390 | 2 |
| Oct 25 | 422 | 359 | 401 | 2 |
| Jan 26 | 410 | 380 | 406 | 2 |
| Apr 26 | 442 | 404 | 430 | 2 |
| Jun 26 | 407 | 411 | 423 | 2 |
| Jul 26 | 416 | 412 | 420 | 2 |
Profits have grown in 10 of the last 12 years — this is a compounding machine
Over 12 years, sales went from ₹6,518 Cr to ₹27,610 Cr (about 13% a year), and profit from ₹952 Cr to ₹6,062 Cr.revenuenet_profit
Margins widened 15 points along the way — growth with improving economics.operating_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY14 | 6,518 |
| FY15 | 7,093 |
| FY16 | 7,354 |
| FY17 | 8,656 |
| FY18 | 10,401 |
| FY19 | 12,164 |
| FY20 | 12,968 |
| FY21 | 14,109 |
| FY22 | 15,368 |
| FY23 | 17,734 |
| FY24 | 20,268 |
| FY25 | 23,769 |
| FY26 | 27,610 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY14 | 952 |
| FY15 | 1,197 |
| FY16 | 1,337 |
| FY17 | 1,523 |
| FY18 | 1,431 |
| FY19 | 1,887 |
| FY20 | 1,825 |
| FY21 | 2,100 |
| FY22 | 2,400 |
| FY23 | 2,986 |
| FY24 | 3,985 |
| FY25 | 5,323 |
| FY26 | 6,062 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY14 | 14.2 |
| FY15 | 16.6 |
| FY16 | 18.9 |
| FY17 | 20.7 |
| FY18 | 19.6 |
| FY19 | 23.9 |
| FY20 | 21.3 |
| FY21 | 22.8 |
| FY22 | 21.8 |
| FY23 | 23.1 |
| FY24 | 24.9 |
| FY25 | 28.8 |
| FY26 | 29.2 |
Sales grew 12% last quarter — growth every single quarter for over 2 years
Mar 26 sales were ₹10,224 Cr, up 12% on the same quarter last year.revenue
That makes 10 quarters of growth in a row — this is a trend, not a blip.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 3,533 | – |
| Sep 23 | 4,009 | – |
| Dec 23 | 4,162 | – |
| Mar 24 | 8,564 | – |
| Jun 24 | 4,244 | 20.1 |
| Sep 24 | 4,605 | 14.9 |
| Dec 24 | 5,771 | 38.7 |
| Mar 25 | 9,150 | 6.8 |
| Jun 25 | 4,440 | 4.6 |
| Sep 25 | 5,792 | 25.8 |
| Dec 25 | 7,154 | 24.0 |
| Mar 26 | 10,224 | 11.7 |
Margins are compressing — 31% → 29% in a year
Of every ₹100 of sales, the company keeps ₹29.2 as operating profit (a year ago it kept ₹30.8).opm_pct
Zoom out and this is the page's quiet hero: annual operating margin bottomed at 21.8% in FY22 and has been rebuilt to 29.2% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit
The gross margin barely moved (48% → 48%), so the change came from running costs — overheads are growing faster than sales.gpm_pctopm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Jun 23 | 43.7 | 19.0 | 15.3 |
| Sep 23 | 49.0 | 25.3 | 19.7 |
| Dec 23 | 48.8 | 25.8 | 20.7 |
| Mar 24 | 48.5 | 26.7 | 21.0 |
| Jun 24 | 45.4 | 22.3 | 18.7 |
| Sep 24 | 53.5 | 30.4 | 23.7 |
| Dec 24 | 48.3 | 28.9 | 22.7 |
| Mar 25 | 48.1 | 30.8 | 23.3 |
| Jun 25 | 53.2 | 27.9 | 21.8 |
| Sep 25 | 51.0 | 29.4 | 22.2 |
| Dec 25 | 46.5 | 29.7 | 22.1 |
| Mar 26 | 48.2 | 29.2 | 21.8 |
Profit is treading water
Mar 26 profit after tax was ₹2,226 Cr, up 5% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 539 | – |
| Sep 23 | 790 | – |
| Dec 23 | 860 | – |
| Mar 24 | 1,797 | – |
| Jun 24 | 791 | 46.8 |
| Sep 24 | 1,093 | 38.4 |
| Dec 24 | 1,312 | 52.6 |
| Mar 25 | 2,127 | 18.4 |
| Jun 25 | 969 | 22.5 |
| Sep 25 | 1,287 | 17.7 |
| Dec 25 | 1,580 | 20.4 |
| Mar 26 | 2,226 | 4.7 |
The single biggest driver was selling more.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 2,127 |
| More sales | +331 |
| Thinner margins | −165 |
| Other income | −85 |
| Depreciation | −35 |
| Interest | +4 |
| Tax | +49 |
| PAT Mar 26 | 2,226 |
Profits on paper, cash lagging behind
Over the last 5 profitable years, the business reported ₹20,756 Cr of profit and collected ₹12,193 Cr of operating cash — about 59% conversion.operating_cash_flownet_profit
The wrinkle is the latest year: FY26 collected ₹1,541 Cr against ₹6,062 Cr of reported profit — about 25%. One year isn’t a trend, but it is the line to watch.operating_cash_flownet_profit
The gap sits in receivables: customers now take 170 days to pay, up from 140. Profit booked, cash pending.debtor_days
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY14 | -569 | 952 |
| FY15 | 1,434 | 1,197 |
| FY16 | 2,260 | 1,337 |
| FY17 | -61.0 | 1,523 |
| FY18 | -687 | 1,431 |
| FY19 | 1,514 | 1,887 |
| FY20 | 2,570 | 1,825 |
| FY21 | 5,093 | 2,100 |
| FY22 | 4,207 | 2,400 |
| FY23 | 1,199 | 2,986 |
| FY24 | 4,659 | 3,985 |
| FY25 | 587 | 5,323 |
| FY26 | 1,541 | 6,062 |
The cash cycle is stretching — more money stuck in the pipeline
One rupee now takes about 342 days to go out the door as materials and come back as collected cash — up from 313 days the year before.cash_conversion_cycle
The biggest mover: customers taking longer to pay (140 → 170 days).debtor_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) | Stock on shelf (inventory days) (days) | We owe suppliers (payable days) (days) |
|---|---|---|---|
| FY14 | 233 | 325 | 120 |
| FY15 | 196 | 321 | 111 |
| FY16 | 185 | 401 | 112 |
| FY17 | 184 | 407 | 108 |
| FY18 | 176 | 305 | 91.0 |
| FY19 | 161 | 275 | 89.0 |
| FY20 | 189 | 204 | 126 |
| FY21 | 170 | 233 | 155 |
| FY22 | 145 | 230 | 139 |
| FY23 | 145 | 240 | 124 |
| FY24 | 133 | 257 | 128 |
| FY25 | 140 | 273 | 100 |
| FY26 | 170 | 265 | 93.0 |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹695 Cr (FY14) to ₹4,366 Cr, with another ₹486 Cr of capacity under construction right now.fixed_assetscwip
The build is self-funded: the last 3 years' investing outflow (₹3,577 Cr) fits inside the operating cash the business generated (₹6,787 Cr).investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY14 | 695 | 458 |
| FY15 | 1,073 | 140 |
| FY16 | 1,232 | 430 |
| FY17 | 1,501 | 743 |
| FY18 | 1,839 | 940 |
| FY19 | 2,298 | 849 |
| FY20 | 2,713 | 828 |
| FY21 | 2,652 | 883 |
| FY22 | 2,675 | 1,006 |
| FY23 | 2,963 | 855 |
| FY24 | 3,035 | 894 |
| FY25 | 3,419 | 1,052 |
| FY26 | 4,366 | 486 |
Almost no debt — this company cannot be killed by a bad year
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹0 — total borrowings have grown from ₹0.0 Cr to ₹65.0 Cr over the window.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY14 | 0.0 |
| FY15 | 25.0 |
| FY16 | 28.0 |
| FY17 | 64.0 |
| FY18 | 80.0 |
| FY19 | 34.0 |
| FY20 | 8.0 |
| FY21 | 3.0 |
| FY22 | 53.0 |
| FY23 | 61.0 |
| FY24 | 63.0 |
| FY25 | 61.0 |
| FY26 | 65.0 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY14 | 0.0 |
| FY15 | 0.0 |
| FY16 | 0.0 |
| FY17 | 0.0 |
| FY18 | 0.0 |
| FY19 | 0.0 |
| FY20 | 0.0 |
| FY21 | 0.0 |
| FY22 | 0.0 |
| FY23 | 0.0 |
| FY24 | 0.0 |
| FY25 | 0.0 |
| FY26 | 0.0 |
Every ₹100 kept in the business earns ₹37 — a high-quality engine
Return on capital employed is 37.0% (a year ago: 39.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct
Data: Returns on capital (annual)
| Period | ROCE (%) |
|---|---|
| FY14 | 18.0 |
| FY15 | 20.0 |
| FY16 | 20.0 |
| FY17 | 23.0 |
| FY18 | 25.0 |
| FY19 | 30.0 |
| FY20 | 26.0 |
| FY21 | 28.0 |
| FY22 | 27.0 |
| FY23 | 30.0 |
| FY24 | 35.0 |
| FY25 | 39.0 |
| FY26 | 37.0 |
The owners aren’t moving
Promoters hold 51.1%, essentially unchanged. Foreign funds own 19.5%, domestic funds 20.0%.promoters_pctfiis_pctdiis_pct
Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t.
Meanwhile domestic funds have been the sellers — from 24.8% to 20.0% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Foreign funds (%) | Domestic funds (%) |
|---|---|---|---|
| Jun 23 | 51.1 | 17.4 | 24.8 |
| Sep 23 | 51.1 | 17.2 | 24.2 |
| Dec 23 | 51.1 | 17.8 | 23.4 |
| Mar 24 | 51.1 | 17.6 | 22.6 |
| Jun 24 | 51.1 | 17.4 | 20.6 |
| Sep 24 | 51.1 | 17.3 | 20.2 |
| Dec 24 | 51.1 | 17.3 | 20.9 |
| Mar 25 | 51.1 | 17.6 | 20.9 |
| Jun 25 | 51.1 | 18.6 | 20.6 |
| Sep 25 | 51.1 | 18.1 | 20.9 |
| Dec 25 | 51.1 | 18.5 | 20.5 |
| Mar 26 | 51.1 | 19.5 | 20.0 |
- Promoters are not selling. Their stake has moved 0.1 points or less in 8 quarters — it sits at 51.1%.promoters_pct
- There is no debt story here. Borrowings are ₹0 per ₹100 of shareholders’ money — too small to matter, in either direction.borrowings
A good business — the question is the price
The numbers are genuinely mixed, and the price already assumes the good news continues.
Best thing in the data: free cash flow rising (₹1,204 Cr → ₹3,271 Cr).operating_cash_flow
Biggest worry: margins falling (30.8% → 29.2%).operating_profit
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does Bharat Electronics Ltd do?
Incorporated in 1954, Bharat Electronics Ltd manufactures and supplies electronic equipment and systems to the defence sector. Company also has a limited presence in the civilian market[1]. It is listed in the Aerospace & Defence - Equipments sector with a market capitalisation of ₹3,04,270 Cr.
What is Bharat Electronics Ltd's share price?
As of 1 July 2026, Bharat Electronics Ltd trades at ₹416, down 2.6% over the past year, with a market capitalisation of ₹3,04,270 Cr. Beating NIFTY 500 for 1 week. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Bharat Electronics Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates Bharat Electronics Ltd's intrinsic value at ₹605 per share under base assumptions (bear ₹165, bull ₹605), against the current price of ₹416 — a 48% margin of safety. The current price already implies roughly 26% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
Is Bharat Electronics Ltd stock overvalued or undervalued?
Bharat Electronics Ltd trades at a P/E of 50.2× — the 87th percentile of its own 9.9-year trading range (median 25.4×), which is near the top of its own historical range. The price has run ahead of the profits. Since Aug 2016, the stock is up 1,025% while earnings per share grew 391%. The difference is re-rating — investors paying more for the same rupee of profit.
What did Bharat Electronics Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹10,224 Cr, up 12% on the same quarter last year. Mar 26 profit after tax was ₹2,226 Cr, up 5% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Bharat Electronics Ltd growing?
Sales grew 12% last quarter — growth every single quarter for over 2 years. Mar 26 sales were ₹10,224 Cr, up 12% on the same quarter last year.
Are Bharat Electronics Ltd's profits growing?
Profit is treading water. Mar 26 profit after tax was ₹2,226 Cr, up 5% year on year.
What are Bharat Electronics Ltd's operating margins?
Margins are compressing — 31% → 29% in a year. In the most recent quarter, of every ₹100 of sales, the company keeps ₹29.2 as operating profit (a year ago it kept ₹30.8).
What is Bharat Electronics Ltd's long-term growth record?
Revenue grew from ₹6,518 Cr in FY14 to ₹27,610 Cr in FY26 — a 12.8% compound annual growth rate over 12 years. Profit after tax compounded at 16.7% over the same period (₹952 Cr → ₹6,062 Cr).
Is Bharat Electronics Ltd stock in an uptrend?
The price is in a confirmed uptrend — 65 weeks and counting. Bharat Electronics Ltd is in Stage 2 — advancing, 65 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Is Bharat Electronics Ltd beating the NIFTY 500?
Yes — beating NIFTY 500 for 1 week, as of 1 July 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Where is Bharat Electronics Ltd in its business cycle?
The data reads Bharat Electronics Ltd as a deep cyclical business currently in its at peak phase — earnings at an all-time high for this company, valuation at the 87th percentile. Profits swing violently in this business — margins swinging 15 points peak to trough. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.
Who owns Bharat Electronics Ltd — what is the promoter holding?
Promoters hold 51.1%, essentially unchanged. Foreign funds own 19.5%, domestic funds 20.0%. Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t. Shareholding is from Screener's quarterly filings data.
Does Bharat Electronics Ltd have too much debt?
Almost no debt — this company cannot be killed by a bad year. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹0 — total borrowings have grown from ₹0.0 Cr to ₹65.0 Cr over the window.
What is the bull case for Bharat Electronics Ltd?
Profits are up 52% in two years, the price has already paid for much of it, leaving little room for error. Best thing in the data: free cash flow rising (₹1,204 Cr → ₹3,271 Cr). Sales grew 12% last quarter — growth every single quarter for over 2 years.
What is the bear case for Bharat Electronics Ltd — what could break the story?
Biggest worry: margins falling (30.8% → 29.2%). Two quarters of sales reversing would kill this story. The nearest-term thing to watch: if quarterly growth slips below 6%, the story weakens. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Bharat Electronics Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: a good business — the question is the price. The numbers are genuinely mixed, and the price already assumes the good news continues. Across the 7-model scorecard the composite research signal is on watch at 47% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.