Bharat Electronics Limited (NSE:BEL)

Bharat Electronics Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Equivalents	93,166	18,880	7,135	12,063	39,457	13,009
Short-Term Investments	-	66,364	88,069	98,434	41,674	62,646
Cash & Short-Term Investments	93,166	85,244	95,203	110,497	81,131	75,655
Cash Growth	14.79%	-10.46%	-13.84%	36.20%	7.24%	49.06%
Accounts Receivable	120,364	168,495	135,866	128,173	131,319	61,081
Other Receivables	4,422	3,786	5,229	6,536	719.6	870.5
Receivables	124,803	172,299	141,109	134,723	132,055	61,966
Inventory	105,923	101,755	91,190	74,469	64,480	55,919
Prepaid Expenses	-	566.3	417	414.8	1,144	1,155
Other Current Assets	63,410	20,705	20,660	20,526	21,666	78,243
Total Current Assets	387,302	380,569	348,579	340,630	300,477	272,937
Property, Plant & Equipment	41,633	39,671	36,815	32,449	30,555	29,553
Long-Term Investments	8,418	7,996	7,430	6,822	6,500	15,748
Other Intangible Assets	8,907	3,882	7,384	6,194	7,011	6,762
Long-Term Deferred Tax Assets	6,419	5,875	5,348	5,747	5,037	6,209
Long-Term Deferred Charges	-	6,925	2,311	2,846	4,737	6,960
Other Long-Term Assets	2,718	376.2	384.7	509.3	528.1	863.1
Total Assets	455,482	445,375	408,319	395,267	354,912	339,106

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Accounts Payable	32,363	35,834	33,388	37,063	33,304	34,568
Accrued Expenses	-	16,669	13,088	12,950	12,969	8,707
Current Portion of Leases	60.5	30.3	25.4	22.6	19.2	11.9
Current Income Taxes Payable	-	-	-	2.8	-	6.9
Current Unearned Revenue	103	126,936	139,813	160,320	149,864	145,959
Other Current Liabilities	146,753	13,129	11,212	9,910	9,502	6,558
Total Current Liabilities	179,279	192,598	197,525	220,267	205,658	195,810
Long-Term Leases	791.5	624.3	586.9	602.5	594.2	515.1
Long-Term Unearned Revenue	893.9	913	1,016	1,178	1,340	1,484
Pension & Post-Retirement Benefits	-	1.6	1.5	0.9	0.4	10,619
Long-Term Deferred Tax Liabilities	75.1	107.5	95.2	54.7	28.9	14.5
Other Long-Term Liabilities	11,669	11,060	9,166	9,720	8,497	7,640
Total Liabilities	192,709	205,304	208,390	231,823	216,118	216,083

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Stock	7,310	7,310	7,310	7,310	7,310	2,437
Retained Earnings	-	238,014	198,227	161,825	136,599	124,055
Comprehensive Income & Other	255,279	-5,441	-5,798	-5,870	-5,293	-3,633
Total Common Equity	262,588	239,883	199,739	163,265	138,616	122,859
Minority Interest	184.5	188.3	189.4	179.2	177.5	163.4
Shareholders' Equity	262,773	240,071	199,928	163,444	138,794	123,023
Total Liabilities & Equity	455,482	445,375	408,319	395,267	354,912	339,106

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Debt	852	654.6	612.3	625.1	613.4	527
Net Cash (Debt)	92,314	84,589	94,591	109,872	80,518	75,128
Net Cash Growth	14.57%	-10.57%	-13.91%	36.46%	7.17%	48.10%
Net Cash Per Share	12.63	11.57	12.94	15.03	11.02	10.28
Filing Date Shares Outstanding	7,299	7,310	7,310	7,310	7,310	7,310
Total Common Shares Outstanding	7,299	7,310	7,310	7,310	7,310	7,310
Working Capital	208,023	187,971	151,053	120,363	94,820	77,127
Book Value Per Share	35.97	32.82	27.32	22.34	18.96	16.81
Tangible Book Value	253,681	236,002	192,355	157,071	131,605	116,097
Tangible Book Value Per Share	34.75	32.29	26.31	21.49	18.00	15.88
Land	-	1,444	1,436	1,436	1,436	1,432
Buildings	-	14,577	13,712	10,831	9,927	8,854
Machinery	-	52,183	45,711	40,669	36,864	32,382
Construction In Progress	-	4,855	4,770	4,564	3,612	4,459
Order Backlog	-	738,820	716,500	759,340	606,900	575,700

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 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:

Nov 2, 2026

Data Sources Report a data error