Bharat Electronics Limited Stock Price Today (NSE: BEL)
Fundamental Score
Bharat Electronics Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Bharat Electronics Limited share price today is ₹400.65, down 3.35% on NSE/BSE as of 30 March 2026. Bharat Electronics Limited (BEL) is a Large-cap company in the Aerospace & Defense sector with a market capitalisation of ₹3.05L (Cr). The 52-week high for BEL share price is ₹473.45 and the 52-week low is ₹256.20. At a P/E ratio of 53.58x, BEL is currently trading below its industry average P/E of 64.22x. The company has a Return on Equity (ROE) of 29.22% and a debt-to-equity ratio of 0.00.
Bharat Electronics Limited Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Bharat Electronics Limited Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Bharat Electronics Share Price: A ROCE-Focused Analysis
One under-appreciated aspect of the Aerospace & Defense sector is the substantial barrier to entry created by stringent regulatory approvals and long lead times. This analysis examines the Bharat Electronics share price, currently trading at ₹429.649994, through the lens of its Return on Capital Employed (ROCE). The company presents an interesting case, trading at a Price-to-Earnings (PE) ratio of 53.58 while boasting a ROCE of 38.88%. This report is an excerpt of a broader, 80-parameter fundamental audit verified by Sweta Mishra.
A key factor in evaluating the sustainability of Bharat Electronics' value creation is its impressive ROCE. A high ROCE, such as the reported 38.88%, suggests that the company is highly efficient in utilizing its capital to generate profits. This efficiency contributes significantly to the company's economic moat. The consistent ability to generate strong returns on capital implies a competitive advantage, possibly stemming from established relationships with government entities, technological expertise, or cost advantages.
However, the high PE ratio of 53.58 warrants careful consideration. It suggests that investors have high expectations for future earnings growth, potentially pricing in continued strong ROCE performance. Whether this high valuation is justified depends on the company's ability to sustain its current level of capital efficiency and expand its operations profitably. Further investigation into Bharat Electronics' growth strategy, technological advancements, and competitive landscape is warranted.
Compared to sector peers such as
Zen Technologies Ltd, management quality is an important, albeit less quantifiable, factor. While both companies operate in the same sector, differing management styles and strategic decisions can have a significant impact on capital allocation and, consequently, ROCE. Assessing management's track record in efficiently deploying capital and navigating the complex regulatory environment within the defense sector becomes crucial.In conclusion, while the Bharat Electronics share price reflects investor optimism, the company's strong ROCE of 38.88% provides a solid foundation for its valuation. The sustainability of this ROCE, coupled with management's ability to capitalize on growth opportunities, will be key determinants of future performance.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Bharat Electronics Limited Fundamental Analysis & Valuation Benchmarking
Educational evaluation of BEL across key market metrics for learning purposes.
Positive Indicators
13 factors identified
Strong Return on Equity (29.22%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (38.88%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Strong Operating Margins (24.70%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Strong Revenue Growth (25.78%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (12.88% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (23.80% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (23.80% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Debt-Free Balance Sheet (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (742.79x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Strong Cash Generation (₹12557.35 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Balanced Promoter Holding (51.14%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Strong Institutional Confidence (FII+DII: 39.02%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
1 factors identified
Premium Valuation Risk (P/E: 53.58x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Bharat Electronics Limited Financial Statements
Comprehensive financial data for Bharat Electronics Limited including income statement, balance sheet and cash flow
About BEL (Bharat Electronics Limited)
Bharat Electronics Limited is a multifaceted engineering powerhouse, an integral component of India's strategic defense infrastructure. Forging technological independence, the comp...any excels in the creation of sophisticated, mission-critical electronics tailored for aerospace and defense applications. Within its sprawling campuses, brilliant minds work tirelessly on projects ranging from advanced radar systems that pierce through adverse weather to secure communication networks ensuring seamless tactical coordination. BEL's unwavering commitment to research and development fosters continuous innovation, producing cutting-edge solutions designed to protect and enhance India's national security interests. The company's profound impact is felt across the nation, from the skies above to the oceans below, underpinning the nation’s ability to safeguard its sovereign borders. BEL's innovative spirit transcends mere manufacturing, encompassing full-spectrum lifecycle support for its advanced systems. This includes meticulous design, rigorous testing, deployment assistance, and comprehensive maintenance, ensuring peak operational readiness for the Indian Armed Forces. BEL designs and produces advanced electronic warfare systems providing a tactical advantage in complex electromagnetic environments. Their expertise extends to state-of-the-art avionics suites, enhancing the capabilities of aircraft and helicopters. Furthermore, BEL develops advanced electronic and sensor systems to improve tanks and armored vehicles to ensure accuracy in the theater of operations. BEL also creates sophisticated C4I networks which integrates communications, computers, control, and intelligence providing the army with critical situational awareness. BEL is not just a supplier; it is a collaborative partner to the Armed Forces. Beyond its core defense activities, Bharat Electronics Limited actively contributes to the growth of India's indigenous technological ecosystem. The company fosters partnerships with academia and other research institutions, nurturing emerging talent and driving breakthroughs in key technological domains. By prioritizing local sourcing and empowering domestic industries, BEL strengthens the nation's self-reliance and creates economic opportunities. As the company navigates an era of rapid technological advancement, it remains committed to sustainable practices and ethical governance. This dedication reinforces BEL's position as a responsible corporate citizen, deeply invested in the long-term prosperity and security of India.
Company Details
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BEL Share Price: Frequently Asked Questions
What is the current share price of Bharat Electronics Limited (BEL)?
As of 30 Mar 2026, 12:05 pm IST, Bharat Electronics Limited share price is ₹400.65. The BEL stock has a market capitalisation of ₹3.05L (Cr) on NSE/BSE.
Is BEL share price Overvalued or Undervalued?
BEL share price is currently trading at a P/E ratio of 53.58x, compared to the industry average of 64.22x. Based on this relative valuation, the Bharat Electronics Limited stock appears to be Undervalued against its sector peers.
What is the 52-week high and low of BEL share price?
The 52-week high of BEL share price is ₹473.45 and the 52-week low is ₹256.20. These values are updated daily from NSE/BSE price data.
What factors affect the Bharat Electronics Limited share price?
Key factors influencing BEL share price include quarterly earnings growth (Sales Growth: 25.78%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Bharat Electronics Limited a good stock for long-term investment?
Bharat Electronics Limited shows a 5-year Profit Growth of 23.80% and an ROE of 29.22%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.00 before investing in BEL shares.
How does Bharat Electronics Limited compare with its industry peers?
Bharat Electronics Limited competes with major peers in the Aerospace & Defense. Investors should compare BEL share price P/E of 53.58x and ROE of 29.22% against the industry averages to determine competitive standing.
What is the P/E ratio of BEL and what does it mean?
BEL share price has a P/E ratio of 53.58x compared to the industry average of 64.22x. Investors pay ₹54 for every ₹1 of annual earnings.
How is BEL performing according to Bull Run's analysis?
BEL has a Bull Run fundamental score of 71.3/100, indicating strong fundamentals and excellent investment quality. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does BEL belong to?
BEL operates in the Aerospace & Defense industry. This classification helps understand the competitive landscape and sector-specific trends affecting Bharat Electronics Limited share price.
What is Return on Equity (ROE) and why is it important for BEL?
BEL has an ROE of 29.22%, which indicates excellent management efficiency. ROE measures how efficiently Bharat Electronics Limited generates profits from shareholders capital.
How is BEL debt-to-equity ratio and what does it indicate?
BEL has a debt-to-equity ratio of 0.00, which indicates conservative financing with low financial risk.
What is BEL dividend yield and is it a good dividend stock?
BEL offers a dividend yield of 0.58%, meaning you receive ₹0.58 annual dividend for every ₹100 invested in Bharat Electronics Limited shares.
How has BEL share price grown over the past 5 years?
BEL has achieved 5-year growth rates of: Sales Growth 12.88%, Profit Growth 23.80%, and EPS Growth 23.80%.
What is the promoter holding in BEL and why does it matter?
Promoters hold 51.14% of BEL shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Bharat Electronics Limited.
What is BEL market capitalisation category?
BEL has a market capitalisation of ₹305149 crores, placing it in the Large-cap category.
How volatile is BEL stock?
BEL has a beta of N/A. A beta > 1 suggests the Bharat Electronics Limited stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is BEL operating profit margin trend?
BEL has a 5-year average Operating Profit Margin (OPM) of 24.70%, indicating the company's operational efficiency.
How is BEL quarterly performance?
Recent quarterly performance shows Bharat Electronics Limited YoY Sales Growth of 25.78% and YoY Profit Growth of 17.88%.
What is the institutional holding pattern in BEL?
BEL has FII holding of 18.14% and DII holding of 20.88%. Significant institutional holding often suggests professional confidence in the Bharat Electronics Limited stock.