Bharat Electronics Limited (NSE:BEL)
India flag India · Delayed Price · Currency is INR
376.50
+6.60 (1.78%)
Nov 2, 2026, 3:29 PM IST

Bharat Electronics Financials Overview

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Revenue
302,530276,101237,688202,682177,344153,682
Revenue Growth
20.28%16.16%17.27%14.29%15.40%8.93%
Gross Profit
138,206132,634113,22394,02475,53062,490
Operating Income
79,48175,43863,69447,01436,83929,412
Net Income
63,98960,62053,21439,84529,84423,989
Earnings Per Share
8.758.297.285.454.083.28
EPS Growth
12.34%13.88%33.58%33.49%24.41%14.29%

Revenue by Geography

Fiscal Year
FY 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 Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Cash & Investments
93,16685,24495,203110,49781,13175,655
Total Debt
852654.6612.3625.1613.4527
Net Cash (Debt)
92,31484,58994,591109,87280,51875,128
Net Cash Growth
14.57%-10.57%-13.91%36.46%7.17%48.10%
Net Cash Per Share
12.6311.5712.9415.0311.0210.28

Cash Flow & CapEx

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Operating Cash Flow
39,29315,4145,64346,59511,99342,072
Capital Expenditures
-10,665-9,854-10,113-6,525-5,905-5,546
Free Cash Flow
28,6285,560-4,47040,0706,08836,527
Free Cash Flow Growth
200.66%--558.16%-83.33%-21.01%

Margins

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
Gross Margin
45.68%48.04%47.63%46.39%42.59%40.66%
Operating Margin
26.27%27.32%26.80%23.20%20.77%19.14%
Pretax Margin
28.22%29.31%30.02%26.19%22.38%20.90%
Profit Margin
21.15%21.96%22.39%19.66%16.83%15.61%
FCF Margin
9.46%2.01%-1.88%19.77%3.43%23.77%

Dividends

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '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
0.66%0.62%0.80%1.09%1.85%2.13%

Valuation

Fiscal Year
CurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Mar '26 Mar '25 Mar '24 Mar '23 Mar '22
PE Ratio
43.0348.3141.3736.9623.8921.42
P/FCF Ratio
96.04526.66-36.75117.1314.07
PS Ratio
9.0910.619.267.274.023.34