Bharat Electronics Limited (NSE:BEL)
India flag India · Delayed Price · Currency is INR
404.35
+3.35 (0.84%)
Aug 10, 2026, 3:15 PM IST

Bharat Electronics Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Revenue
287,174276,101237,688202,682177,344153,682
Revenue Growth
19.83%16.16%17.27%14.29%15.40%8.93%
Gross Profit
137,393132,634113,22394,02475,53062,490
Operating Income
76,04075,43863,69447,01436,83929,412
Net Income
61,46460,62053,21439,84529,84423,989
Earnings Per Share
8.408.297.285.454.083.28
EPS Growth
11.47%13.88%33.58%33.49%24.41%14.29%

Revenue by Geography

Fiscal YearFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingMar '26 Mar '25 Mar '24 Mar '23 Mar '22
India
254,034222,209191,131169,655148,488
Exports
13,9308,9647,9244,3872,360
Total
267,965231,173199,055174,042150,847

Cash & Debt

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
85,72085,24495,203110,49781,13175,655
Total Debt
654.6654.6612.3625.1613.4527
Net Cash (Debt)
85,06684,58994,591109,87280,51875,128
Net Cash Growth
-10.30%-10.57%-13.91%36.46%7.17%48.10%
Net Cash Per Share
11.6211.5712.9415.0311.0210.28

Cash Flow & CapEx

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Cash Flow
-15,4145,64346,59511,99342,072
Capital Expenditures
--9,854-10,113-6,525-5,905-5,546
Free Cash Flow
-5,560-4,47040,0706,08836,527
Free Cash Flow Growth
---558.16%-83.33%-21.01%

Margins

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJun '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Gross Margin
47.84%48.04%47.63%46.39%42.59%40.66%
Operating Margin
26.48%27.32%26.80%23.20%20.77%19.14%
Pretax Margin
28.59%29.31%30.02%26.19%22.38%20.90%
Profit Margin
21.40%21.96%22.39%19.66%16.83%15.61%
FCF Margin
-2.01%-1.88%19.77%3.43%23.77%

Dividends

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingAug '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Dividend Per Share
2.5002.5002.4002.2001.8001.500
Dividend Per Share Growth
4.17%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

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingAug '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
48.0048.3141.3736.9623.8921.42
P/FCF Ratio
530.61526.66-36.75117.1314.07
PS Ratio
10.2710.619.267.274.023.34