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Bharat Electronics Limited BEL.NS
Bharat Electronics Limited statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹78.24); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
Bharat Electronics Limited trades at about 49.6× earnings — above its 10-year norm (10-year range 25.3×–52×, median 43.1×).
Shaded band = 10-year range (25.3×–52×); dot = today's 49.6×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Gross margin | 47.6% | 47.2% | 46.9% | 43.5% |
| Operating margin | 29.1% | 28.2% | 24.0% | 21.7% |
| Net margin | 22.6% | 23.0% | 20.0% | 17.1% |
| FCF margin | 2.1% | -1.9% | 20.1% | 3.5% |
| Return on assets | 13.6% | 13.0% | 10.1% | 8.4% |
| Return on equity | 25.3% | 26.6% | 24.4% | 21.5% |
| Debt / equity | 0.00× | 0.00× | 0.00× | 0.00× |
| Current ratio | 1.98 | 1.76 | 1.55 | 1.46 |
Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.