Bharat Electronics Limited (BOM:500049)

Bharat Electronics Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	276,101	276,101	237,688	202,682	177,344	153,682
Revenue Growth	16.16%	16.16%	17.27%	14.29%	15.40%	8.93%
Gross Profit Gross Profit Growth	135,770	135,770	113,223	94,024	75,530	62,490
Operating Income Operating Income Growth	74,937	74,937	63,694	47,014	36,839	29,412
Net Income Net Income Growth	60,620	60,620	53,214	39,845	29,844	23,989
Earnings Per Share EPS Growth	8.29	8.29	7.28	5.45	4.08	3.28
EPS Growth	13.88%	13.88%	33.58%	33.49%	24.41%	14.29%

Revenue by Geography

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Exports Exports Growth	8,964	7,924	4,387	2,360
India India Growth	222,209	191,131	169,655	148,488
Total Total Growth	231,173	199,055	174,042	150,847

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	85,720	85,720	95,203	110,497	81,131	75,655
Total Debt Total Debt Growth	654.6	654.6	612.3	625.1	613.4	527
Net Cash (Debt) Net Cash Growth	85,066	85,066	94,591	109,872	80,518	75,128
Net Cash Growth	-10.07%	-10.07%	-13.91%	36.46%	7.17%	48.10%
Net Cash Per Share Net Cash Per Share Growth	11.63	11.63	12.94	15.03	11.02	10.28

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	15,414	15,414	5,866	46,595	11,993	42,072
Capital Expenditures CapEx Growth	-9,854	-9,854	-10,113	-6,525	-5,905	-5,546
Free Cash Flow Free Cash Flow Growth	5,560	5,560	-4,247	40,070	6,088	36,527
Free Cash Flow Growth	-	-	-	558.16%	-83.33%	-21.01%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	49.17%	49.17%	47.63%	46.39%	42.59%	40.66%
Operating Margin	27.14%	27.14%	26.80%	23.20%	20.77%	19.14%
Pretax Margin	29.31%	29.31%	30.02%	26.19%	22.38%	20.90%
Profit Margin	21.96%	21.96%	22.39%	19.66%	16.83%	15.61%
FCF Margin	2.01%	2.01%	-1.79%	19.77%	3.43%	23.77%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 27, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	2.500	2.500	2.400	2.200	1.800	1.500
Dividend Per Share Growth	23.91%	4.17%	9.09%	22.22%	20.00%	12.50%
Dividend Yield	0.62%	0.62%	0.80%	1.11%	1.90%	2.23%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 27, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	48.86	48.31	41.37	36.96	23.89	21.42
Forward PE	42.06	47.90	43.28	38.15	21.63	19.93
P/FCF Ratio	532.51	526.66	-	36.75	117.13	14.07
PS Ratio	10.72	10.61	9.26	7.27	4.02	3.34

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error