Bharat Electronics logo

Bharat Electronics share price

NSE: BELBSE: 500049Aerospace & DefenseLarge Cap

Bharat Electronics Limited · Face value ₹1 · Listed Mar 1993 on BSE, Jul 2000 on NSE
Last close ₹367.95up ₹4.95 (1.36%)BSE ₹368.15

Share price at the NSE close on 27 Oct 2026. Previous close ₹363.00.

27 Oct: open ₹366.05, high ₹374.40, low ₹365.30

52-week range of traded prices to 27 Oct 2026
₹354.55Low, 23 Oct 2026₹473.45High, 6 Mar 2026
Market cap
₹2,68,963 Cr25th largest listed
P/E
43.76
P/B
11.21
Dividend yield
0.68%
ROE
28.0%
ROCE
31.7%
Debt to equity
0.00
Volume, NSE
1,35,10,73741.3% delivered

Bharat Electronics share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−11.4%over a year · Nifty 500 −8.8%

ResultsDividend20-session average 1,04,21,544 shares a day, 56.0% delivered

About Bharat Electronics

Bharat Electronics Limited designs, develops and makes electronic equipment and systems for India's armed forces.12 Its customers also include paramilitary forces, the Coast Guard, government agencies, public sector companies, private firms, equipment makers and foreign governments.2 It is a public sector enterprise under the Ministry of Defence's Department of Defence Production, based in Bengaluru.1

Its defence products include electronic warfare and avionics systems, communication systems, radar and fire control systems, weapon systems, C4I systems (for command, control, communications, computers and intelligence), anti-submarine warfare systems, tank and gun upgrades, electro-optics, and arms and ammunition.3 Outside defence it offers network and cyber security, rail and metro systems, civil aviation radars, space electronics, anti-drone systems, homeland security, medical electronics and software.3 It has 9 manufacturing units, at Bengaluru, Ghaziabad, Pune, Machilipatnam, Panchkula, Chennai, Kotdwar, Hyderabad and Navi Mumbai, and overseas offices in New York and ASEAN countries.45

It was incorporated in 1954.6 It is a Navratna company, a status for large public sector companies that gives their boards more freedom to invest, and the Government of India appoints all its directors.78 It owns BEL Optronic Devices Limited outright and 74% of BEL-THALES Systems Limited, and holds 26% of GE BE Private Limited and 40% of BEL IAI AeroSystems Private Limited.9 BEL Optronic Devices makes image intensifier tubes, used in night vision devices; BEL-THALES Systems designs and supplies defence and civilian radars; and BEL IAI AeroSystems, a joint venture with Israel Aerospace Industries, supports MRSAM (medium-range surface-to-air missile) systems after their warranty ends.1011

Bharat Electronics key points

Results

  • On a standalone basis, turnover in the year to Mar 2026 was ₹26,680 crore, which the company describes as its highest, against ₹23,024 crore a year earlier.12
  • Standalone EBITDA (earnings before interest, tax, depreciation and amortisation) rose to ₹8,015 crore in the year to Mar 2026, from ₹6,768 crore a year earlier.13
  • Standalone profit after tax was ₹6,048 crore in the year to Mar 2026, up 14.38% from ₹5,288 crore a year earlier.14

Revenue mix

  • Share of standalone turnover by customer type15
    Itemyear to Mar 2026
    Defence88.13%
    Non-defence6.20%
    Exports4.99%
    Others0.68%
    Exports were ₹1,331 crore in the year to Mar 2026.
  • Around 94% of standalone turnover in the year to Mar 2026 came from government and government-related entities, against 96% a year earlier.16

Where revenue comes from

  • Countries it has exported to include France, Spain, the USA, Israel, Sweden, Mauritius, Armenia, Sri Lanka, Denmark and Colombia.17
  • The company said its export efforts have won new customers in Uganda, Nigeria, Europe, the USA and Japan.17

Plants and capacity

  • The company runs 30 strategic business units (its product divisions).18
  • Facilities set up in the year to Mar 2026 include a night vision products factory at Nimmaluru, Andhra Pradesh, an electronic warfare land systems facility at Ibrahimpatnam, Telangana, and an artificial intelligence centre of excellence in Pune.19
  • All of its manufacturing ran on renewable energy in the year to Mar 2026.20

Order book

  • The order book (orders received but not yet delivered) was ₹73,882 crore on 1 April 2026, including export orders of ₹4,550 crore.2122
  • Orders received in the year to Mar 2026 totalled ₹30,045 crore: ₹27,898 crore for defence and ₹2,147 crore for non-defence business.2324
  • On its earnings call of 27 Jul 2026, the company said the order book is split roughly 30% each across the Army, Navy and Air Force, and that fuzes (devices that set off ammunition) are its largest item.2526
  • Large orders in the book include air defence radars, avionics for the Light Combat Aircraft, mountain radars, an air defence weapon system, an electronic suite for the BMP II armoured vehicle upgrade and electronic warfare suites for helicopters.27

Research and development

  • R&D spending was ₹2,048 crore in the year to Mar 2026, 7.68% of standalone turnover.28
  • Research runs in 3 tiers: 2 Central Research Laboratories in Bengaluru and Ghaziabad, a product development centre with 3 centres of excellence in Bengaluru, and 30 engineering groups in the business units, with an R&D team of 3,295.2930
  • BEL was granted 51 patents in the year to Mar 2026, taking its granted patents to 344.31

What the company expects

  • On its earnings call of 27 Jul 2026, the company said it expects an order this financial year for HAMMER, a weapon system it has agreed to make in India in a joint venture with Safran Electronics and Defence of France.3233
  • On its earnings call of 27 Jul 2026, the company said it aims to stop importing modules and sub-modules within 5 years, components such as semiconductors aside.34
  • On its earnings call of 27 Jul 2026, the company said its aim is for exports to reach 10% of revenue.35

Recent events

  • On 21 Oct 2026, the company said it had received further orders worth ₹1,011 crore since its previous disclosure, including low-level lightweight radars, communication equipment, sonar and jammers.36
  • In its exchange filing of 30 Sep 2026, the company said CARE Ratings had assigned it an ESG rating (a score of environmental, social and governance practices) of 77.7.37
  • In its exchange filing of 5 May 2026, the company said it had signed a ₹1,251 crore contract, excluding taxes, with the Ministry of Defence to supply the Indian Army with a ground-based mobile electronic intelligence system that detects and locates radars.38
  • On 31 Mar 2026, the company said it had received further orders worth ₹6,795 crore, including mountain radars from the Ministry of Defence, avionics for the Light Combat Aircraft from HAL and an export order for communication equipment.39

Last updated

All 39 sources, each with its page

Results

Consolidated; ₹ crore.Bharat Electronics quarterly results

Revenue growth, 12 months
+19.8%
Net profit growth, 12 months
+11.7%

Quarter to Jun 2026, against the quarter before

Revenue
₹5,547 Crdown 45.75%
Net profit
₹1,055 Crdown 52.63%
Net margin
19.0%

Revenue by quarter

₹4,605 CrSep 24₹5,771 CrDec 24₹9,150 CrMar 25₹4,440 CrJun 25₹5,792 CrSep 25₹7,154 CrDec 25₹10,224 CrMar 26₹5,547 CrJun 26
Peak revenue ₹10,224 Cr, quarter to Mar 2026; lowest ₹4,440 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

₹1,093 CrSep 24₹1,312 CrDec 24₹2,127 CrMar 25₹969 CrJun 25₹1,287 CrSep 25₹1,580 CrDec 25₹2,226 CrMar 26₹1,055 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,6055,7719,1504,4405,7927,15410,2245,547
Net profit1,0931,3122,1279691,2871,5802,2261,055
Net margin23.7%22.7%23.2%21.8%22.2%22.1%21.8%19.0%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Bharat Electronics PE ratio and valuation

Price to earnings

At or below today's level on 77% of 2,478 trading days over the last 10 years.

LowestHighest
Its median24.02Industry median71.26
Price to book

At or below today's level on 70% of 1,982 trading days since Oct 2018.

LowestHighest
Its median5.61Industry median8.17
Dividend yield

At or below today's level on 15% of 2,478 trading days over the last 10 years.

LowestHighest
Its median1.50%Industry median0.15%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+33.6%+13.9%+16.8%0.6%
3 years+61.0%+26.6%+26.5%0.8%
5 years+58.5%+23.6%+27.2%1.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Bharat Electronics shareholding pattern

Shareholding by group

  • Promoters51.14%
  • Foreign institutions16.98%
  • Indian institutions21.88%
  • Individuals and others10.00%
Holder
PRESIDENT OF INDIAPromoter51.14%
NPS TRUST - A/C LIC NPS SANCHAY SCHEME (VARIOUS SCHEMES)Provident and pension funds2.52%
LIFE INSURANCE CORPORATION (VARIOUS SCHEMES)Insurance companies1.79%
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I1.06%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −1.04 pts, Indian institutions +0.86 pts, mutual funds −0.09 pts.

Mutual fund holdings

481 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 200 of the 259 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 5 more funds filed their first portfolio on record, holding it.All 481 funds holding Bharat Electronics

Bought again
4
Added
148
Cut
111
Held unchanged
213
Sold out
6
Fund
Nippon India Mutual Fund logoCPSE ETFNippon India Mutual Fund9,69,41,09820.19%₹3,764.2 Cr
Kotak Mahindra Mutual Fund logoKotak Flexi Cap FundKotak Mahindra Mutual Fund7,30,00,0005.34%₹2,834.6 Cr
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund6,94,62,8741.33%₹2,697.2 Cr
SBI Mutual Fund logoSBI BSE Sensex ETFSBI Mutual Fund4,81,29,0581.62%₹1,876.3 Cr
HDFC Mutual Fund logoHDFC Defence FundHDFC Mutual Fund4,40,00,13014.87%₹1,708.5 Cr
Kotak Mahindra Mutual Fund logoKotak Mid Cap FundKotak Mahindra Mutual Fund3,35,87,7451.96%₹1,304.2 Cr
Kotak Mahindra Mutual Fund logoKotak Large & Mid Cap FundKotak Mahindra Mutual Fund2,80,00,0003.56%₹1,087.2 Cr
Motilal Oswal Mutual Fund logoMotilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund2,79,42,34919.97%₹1,085.0 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund2,38,22,0531.33%₹925.0 Cr
UTI Mutual Fund logoUTI BSE Sensex ETFUTI Mutual Fund2,26,78,8711.62%₹884.1 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.Bharat Electronics insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 3 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Bharat Electronics competitors and peers

Aerospace & Defense, 35 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Bharat Electronics in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Hindustan Aeronautics logoHindustan AeronauticsHAL3,24,69034.837.91+7.4%+12.2%24.5%20.8%0.93%
Bharat Dynamics logoBharat DynamicsBDL36,87670.818.70−18.7%−7.1%12.6%6.4%0.49%
Data Patterns (India) logoData Patterns (India)DATAPATTNS23,06286.0713.28+33.8%+24.9%16.5%20.2%0.24%
Garden Reach Shipbuilders & Engineers logoGarden Reach Shipbuilders & EngineersGRSE22,11927.638.42+39.6%+42.9%34.0%29.8%1.02%
Sigma Advanced Systems logoSigma Advanced SystemsSIGMAADV16,359–––––13.0%0.00%
Apollo Micro Systems logoApollo Micro SystemsAPOLLO15,808113.7710.41+77.1%+69.7%10.7%11.8%0.06%
Astra Microwave Products logoAstra Microwave ProductsASTRAMICRO14,89178.7711.33+4.0%+16.3%15.7%17.4%0.15%
Aequs logoAequsAEQUS14,694–10.55––−14.5%−5.7%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Bharat Electronics dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.7Mar 170.7Mar 181.1Mar 190.9Mar 201.3Mar 211.5Mar 221.8Mar 232.2Mar 242.4Mar 252.5Mar 26
Highest ₹2.50 a share, year to Mar 2026.
Ex-dateTypePer share
13 Aug 2026Final₹0.55
6 Mar 2026Interim₹1.95
14 Aug 2025Final₹0.90
11 Mar 2025Interim₹1.50
14 Aug 2024Final₹0.80
22 Mar 2024Interim₹0.70
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Bharat Electronics announcements

Bharat Electronics share price by year

Each calendar year to 2025.Bharat Electronics share price history

YearClose at year endChangeHighest closeLowest close
2025399.60+36.3%432.25244.60
2024293.15+59.1%335.50174.65
2023184.20+84.4%184.2088.95
202299.90+42.7%112.8562.62
202169.98+75.0%74.5339.75
202039.98+19.9%40.4219.48
201933.35+13.8%40.1324.83
201829.32−51.7%61.3525.30
201760.72+45.7%63.0041.38
201641.67+0.3%45.7131.21
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026361.00364.50356.20363.00361.8190,49,09453.8%
23 Oct 2026366.00366.45354.55362.00358.4291,78,91150.1%
22 Oct 2026369.55369.55361.70364.50365.2581,79,10841.8%
21 Oct 2026377.20377.80366.80371.20371.0784,15,23157.7%
19 Oct 2026376.00380.50374.55377.20377.0654,19,05150.5%
16 Oct 2026380.40381.15376.70376.85378.7791,43,27859.2%
15 Oct 2026380.45382.50377.30380.40380.4191,00,69453.6%
14 Oct 2026383.50383.85379.05382.35381.1797,09,17354.5%
13 Oct 2026373.00380.00369.40380.00376.1380,41,15754.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
15 Sep 2022Bonus0.3333Holders received 2 bonus shares for every 1 held.
28 Sep 2017Bonus0.9091Holders received 1 bonus share for every 10 held.
16 Mar 2017Split0.1000Each share became 10.
14 Sep 2015Bonus0.3333Holders received 2 bonus shares for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
Manoj Jain
At the end of the quarter to Sep 2026
NSE symbol
BEL
BSE code
500049
ISIN
INE263A01024
Industry
Aerospace & Defense
CIN
L32309KA1954GOI000787
Corporate identity number, the registrar of companies' code for it
Incorporated
1954
Registered office
Outer Ring Road, Nagavara, Bengaluru 560045, Karnataka
Share registrar
Integrated Registry Management Services Pvt. Ltd (Integrated Enterprises (India) Ltd)
Keeps the register of shareholders and handles transfers and dividend payments