View ValuationBharat Electronics 将来の成長Future 基準チェック /36Bharat Electronics利益と収益がそれぞれ年間14.4%と13.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に26.3% 14.4%なると予測されています。主要情報14.4%収益成長率14.43%EPS成長率Aerospace & Defense 収益成長16.9%収益成長率13.4%将来の株主資本利益率26.35%アナリストカバレッジGood最終更新日07 Aug 2026今後の成長に関する最新情報分析記事 • May 22Bharat Electronics Limited (NSE:BEL) Just Released Its Yearly Earnings: Here's What Analysts ThinkLast week saw the newest full-year earnings release from Bharat Electronics Limited ( NSE:BEL ), an important milestone...分析記事 • Jan 31Revenue Beat: Bharat Electronics Limited Beat Analyst Estimates By 5.9%It's been a good week for Bharat Electronics Limited ( NSE:BEL ) shareholders, because the company has just released...Price Target Changed • Dec 19Price target increased by 7.2% to ₹464Up from ₹433, the current price target is an average from 27 analysts. New target price is 18% above last closing price of ₹393. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹8.41 for next year compared to ₹7.28 last year.分析記事 • Nov 04Bharat Electronics Limited Just Beat EPS By 26%: Here's What Analysts Think Will Happen NextAs you might know, Bharat Electronics Limited ( NSE:BEL ) just kicked off its latest second-quarter results with some...Price Target Changed • May 21Price target increased by 11% to ₹380Up from ₹342, the current price target is an average from 24 analysts. New target price is approximately in line with last closing price of ₹383. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹8.10 for next year compared to ₹7.28 last year.Price Target Changed • Jul 31Price target increased by 8.2% to ₹331Up from ₹306, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹316. Stock is up 152% over the past year. The company is forecast to post earnings per share of ₹6.32 for next year compared to ₹5.45 last year.すべての更新を表示Recent updatesDeclared Dividend • Aug 07Dividend reduced to ₹0.55Dividend of ₹0.55 is 39% lower than last year. Ex-date: 13th August 2026 Payment date: 27th September 2026 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (329% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 05Bharat Electronics Limited, Annual General Meeting, Aug 28, 2026Bharat Electronics Limited, Annual General Meeting, Aug 28, 2026, at 10:00 Indian Standard Time.Reported Earnings • Jul 28First quarter 2027 earnings released: EPS: ₹1.44 (vs ₹1.33 in 1Q 2026)First quarter 2027 results: EPS: ₹1.44 (up from ₹1.33 in 1Q 2026). Revenue: ₹55.5b (up 25% from 1Q 2026). Net income: ₹10.5b (up 8.7% from 1Q 2026). Profit margin: 19% (down from 22% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 13Bharat Electronics Limited to Report Q1, 2027 Results on Jul 27, 2026Bharat Electronics Limited announced that they will report Q1, 2027 results on Jul 27, 2026分析記事 • May 27Bharat Electronics' (NSE:BEL) Solid Earnings May Rest On Weak FoundationsBharat Electronics Limited's ( NSE:BEL ) robust recent earnings didn't do much to move the stock. We think this is due...分析記事 • May 22Bharat Electronics Limited (NSE:BEL) Just Released Its Yearly Earnings: Here's What Analysts ThinkLast week saw the newest full-year earnings release from Bharat Electronics Limited ( NSE:BEL ), an important milestone...Reported Earnings • May 20Full year 2026 earnings: Revenues and EPS in line with analyst expectationsFull year 2026 results: EPS: ₹8.29 (up from ₹7.28 in FY 2025). Revenue: ₹276.1b (up 16% from FY 2025). Net income: ₹60.6b (up 14% from FY 2025). Profit margin: 22% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 07Bharat Electronics Limited to Report Q4, 2026 Results on May 19, 2026Bharat Electronics Limited announced that they will report Q4, 2026 results on May 19, 2026Declared Dividend • Mar 04Dividend increased to ₹1.95Dividend of ₹1.95 is 30% higher than last year. Ex-date: 6th March 2026 Payment date: 29th March 2026 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Feb 15Investors Should Be Encouraged By Bharat Electronics' (NSE:BEL) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...分析記事 • Jan 31Revenue Beat: Bharat Electronics Limited Beat Analyst Estimates By 5.9%It's been a good week for Bharat Electronics Limited ( NSE:BEL ) shareholders, because the company has just released...Reported Earnings • Jan 29Third quarter 2026 earnings released: EPS: ₹2.16 (vs ₹1.79 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.16 (up from ₹1.79 in 3Q 2025). Revenue: ₹71.5b (up 24% from 3Q 2025). Net income: ₹15.8b (up 21% from 3Q 2025). Profit margin: 22% (in line with 3Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 07Bharat Electronics Limited to Report Q3, 2026 Results on Jan 28, 2026Bharat Electronics Limited announced that they will report Q3, 2026 results on Jan 28, 2026Price Target Changed • Dec 19Price target increased by 7.2% to ₹464Up from ₹433, the current price target is an average from 27 analysts. New target price is 18% above last closing price of ₹393. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹8.41 for next year compared to ₹7.28 last year.分析記事 • Nov 25There's Reason For Concern Over Bharat Electronics Limited's (NSE:BEL) PriceWith a price-to-earnings (or "P/E") ratio of 51.8x Bharat Electronics Limited ( NSE:BEL ) may be sending very bearish...分析記事 • Nov 04Bharat Electronics Limited Just Beat EPS By 26%: Here's What Analysts Think Will Happen NextAs you might know, Bharat Electronics Limited ( NSE:BEL ) just kicked off its latest second-quarter results with some...Reported Earnings • Nov 01Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: ₹1.76 (up from ₹1.50 in 2Q 2025). Revenue: ₹57.9b (up 26% from 2Q 2025). Net income: ₹12.9b (up 18% from 2Q 2025). Profit margin: 22% (down from 24% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Oct 04Here's Why We Think Bharat Electronics (NSE:BEL) Is Well Worth WatchingIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...分析記事 • Aug 26We Think Bharat Electronics (NSE:BEL) Can Stay On Top Of Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Declared Dividend • Aug 07Dividend increased to ₹0.90Dividend of ₹0.90 is 13% higher than last year. Ex-date: 14th August 2025 Payment date: 27th September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 06Bharat Electronics Limited, Annual General Meeting, Aug 28, 2025Bharat Electronics Limited, Annual General Meeting, Aug 28, 2025, at 09:30 Indian Standard Time.Reported Earnings • Jul 29First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: ₹1.33 (up from ₹1.08 in 1Q 2025). Revenue: ₹44.4b (up 4.6% from 1Q 2025). Net income: ₹9.70b (up 23% from 1Q 2025). Profit margin: 22% (up from 19% in 1Q 2025). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 21Price target increased by 11% to ₹380Up from ₹342, the current price target is an average from 24 analysts. New target price is approximately in line with last closing price of ₹383. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹8.10 for next year compared to ₹7.28 last year.Reported Earnings • May 20Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹7.28 (up from ₹5.45 in FY 2024). Revenue: ₹245.1b (up 21% from FY 2024). Net income: ₹53.2b (up 34% from FY 2024). Profit margin: 22% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.7%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹364, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 47x in the Aerospace & Defense industry in India. Total returns to shareholders of 383% over the past three years.お知らせ • May 07Bharat Electronics Limited to Report Fiscal Year 2025 Results on May 19, 2025Bharat Electronics Limited announced that they will report fiscal year 2025 results on May 19, 2025Declared Dividend • Mar 07Dividend increased to ₹1.50Dividend of ₹1.50 is 114% higher than last year. Ex-date: 11th March 2025 Payment date: 4th April 2025 Dividend yield will be 0.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 05Bharat Electronics Limited Declares Interim Dividend for the Financial Year 2024-25The Board of Directors meeting of Bharat Electronics Limited held on 5th March, 2025 declared Interim Dividend for the Financial Year 2024-25. For the period, the company reported dividend of INR 1.50 per equity share fully paid-up (150%). The interim dividend will be paid within 30 days from the date of declaration.お知らせ • Mar 01Bharat Electronics Limited Announces Superannuation of Naresh Kumar as Executive Director (Product Development & Innovation Cell)Bharat Electronics Limited announced the superannuation of Shri. Naresh Kumar as Executive Director (Product Development & Innovation Cell), effective February 28, 2025.お知らせ • Feb 08Bharat Electronics Limited Announces Cessation Shyama Singh as Independent DirectorBharat Electronics Limited announced that the term of Mrs. Shyama Singh, (DIN:09495164), Non-official Director (Independent Director), was up to 06th February, 2025 and consequently, ceased to be the Independent Director of the Company effective from 07th February, 2025. Reason for change: Completion of tenure.お知らせ • Feb 03Bharat Electronics Limited Announces Superannuation of ExecutivesBharat Electronics Limited announced the change in senior management: Name: Shri. Ramakrishnan L; Designation: Chief Scientist (CRL-Bengaluru); Type of Change: Superannuation; Effective date is February 1, 2025; Name: Shri. Sampath kumar P; Designation: Chief Technology Officer (COE - Comm.); Type of Change: Superannuation; Effective date is February 1, 2025.Reported Earnings • Jan 31Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₹1.79 (up from ₹1.17 in 3Q 2024). Revenue: ₹57.7b (up 39% from 3Q 2024). Net income: ₹13.1b (up 53% from 3Q 2024). Profit margin: 23% (up from 21% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 21Bharat Electronics Limited Announces Cessation of Gokulan B as Non-Official DirectorBharat Electronics Limited announced that the term of Mr. Gokulan B, Non-official Director (Independent Director), was upto 19 January, 2025 and consequently, ceased to be the Independent Director of the Company effective 20 January, 2025.お知らせ • Jan 10Bharat Electronics Limited to Report Q3, 2025 Results on Jan 30, 2025Bharat Electronics Limited announced that they will report Q3, 2025 results on Jan 30, 2025お知らせ • Dec 28Bharat Electronics Limited Announces Cessation of Term for Five Independent DirectorsBharat Electronics Limited informed that the term of following five Non-official Directors (Independent Directors), was upto 27 December, 2024 and consequently, ceased to be the Independent Directors of the Company with effect from December 28, 2024: Dr. Parthasarathi P V, Shri. Mansukhbhai Shamjibhai Khachariya, Dr. Santhoshkumar N, Shri. Prafulla Kumar Choudhury, Dr. Shiv Nath Yadav. Reason for change is completion of tenure.Reported Earnings • Oct 26Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ₹1.50 (up from ₹1.08 in 2Q 2024). Revenue: ₹46.0b (up 15% from 2Q 2024). Net income: ₹10.9b (up 38% from 2Q 2024). Profit margin: 24% (up from 20% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 09Bharat Electronics Limited to Report Q2, 2025 Results on Oct 25, 2024Bharat Electronics Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Oct 25, 2024お知らせ • Sep 11Bharat Electronics Limited Announces Board ChangesPursuant to Regulation 30(2) of SEBI (LODR) Regulations 2015, Bharat Electronics Limited announced that Ministry of Defence, Government of India vide its letter no. 8(32)/2019-D (Coord/DDP) dated 10th September, 2024 appointed Shri Rajeev Prakash, Joint Secretary (NS), DDP/MoD (DIN:08590061) as Part-time Official Director (Government Nominee Director) on the Board of the company (BEL) in place of Shri T Natarajan (DIN: 00396367). In this regard the Board of Directors through circular resolution passed on 11thh September 2024 appointed Shri Rajeev Prakash, as Part-time Official Director (Government Nominee Director) (DIN:08590061) w.e.f 10th September 2024. The Board noted the above letter with regard to the withdrawal of Nomination & cessation of Shri T Natarajan as a Govt Nominee Director on the Board of BEL w.e.f 10th September 2024. Shri Rajeev Prakash (DIN: 08590061) is Joint Secretary (Naval System) Department of Defence Production, Ministry of Defence, Government of India. Shri Rajeev Prakash has completed B.A. Honors in English from St. Stephen's College, University of Delhi and M.A. in Development Studies from the Institute of Social Studies, Erasmus University. Further he is a 1995 batch Indian Post & Telecommunication Accounts and Finance Service Officer (IP & TAFS). Shri Rajeev Prakash has a vast experience in the field of finance and held various important posts in the Government of India. Prior to joining as Joint Secretary (Naval System) in Department of Defence Production, Ministry of Defence, Govt, of India in June 2022, he has worked as Deputy Director General (Wireless Planning & Finance) in Department of Telecommunication, Ministry of Communication.お知らせ • Aug 10Bharat Electronics Limited Appoints Rajnish Sharma as DirectorBharat Electronics Limited appointed Shri Rajnish Sharma as Additional Director w.e.f 10th August 2024. Shri Rajnish Sharma took charge as Director (Bangalore Complex) of Navratna Defence PSU Bharat Electronics Limited (BEL) today. He was working as General Manager of BEL's Military Radars SBU prior to his elevation. Shri Rajnish Sharma graduated in Mechanical Engineering from the Delhi College of Engineering in 1989 and joined BEL in 1990. In an eventful career spanning over 33 years, he has served at various Units and Strategic Business Units (SBUs) of BEL, gaining diverse exposure to core technologies such as Radar Systems, Secure Communication, Electronic Warfare & Avionics, Naval Missile Systems, etc. He has played a pivotal role in the execution of some of the largest systems of BEL, including LRSAM, which has broadened his outlook and given him a holistic view of organisational businesses, challenges, people, teams, diverse cultures, etc. While taking up such roles and challenges, he has also acquired professional competencies like the Certified Project Management Professional, Certified Manager of Quality and Organisational Excellence, Six Sigma, CII Business Excellence Assessor, etc. Such learnings have enabled him to successfully execute key projects with international companies like Thales-France, Selex-Italy, HSA-Holland, RAC- Russia and IAI-Israel. Also, active involvement with LRDE in projects such as the Electronic Voting Machine, Airborne Early Warning & Control System with CABS, Flycatcher, Weapon Locating Radar, Reporter Radar, Revathi and Rohini Radars have helped Shri Rajnish Sharma hone his skills for a variety of business and production processes critical to the success of any business entity. His versatility, observant nature and close association with technology partners has given Shri Rajnish Sharma the knack to assimilate learnings and translate technology into developing mature and robust processes leading to best-in-class products. His process orientation and die-hard, never-give-up attitude has stood him in good stead, helping him to meet stringent targets on time.お知らせ • Aug 06Bharat Electronics Limited, Annual General Meeting, Aug 28, 2024Bharat Electronics Limited, Annual General Meeting, Aug 28, 2024, at 10:00 Indian Standard Time.Declared Dividend • Aug 04Dividend increased to ₹0.80Dividend of ₹0.80 is 33% higher than last year. Ex-date: 14th August 2024 Payment date: 27th September 2024 Dividend yield will be 0.7%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Aug 01Bharat Electronics Limited Announces Board ChangesBharat Electronics Limited announced following change in Senior Management as per details here under: Superannuation of Shri. Loyala Pedro Vianney G as Executive Director (Chennai), effective July 31, 2024; Appointment of Smt. Prabha Goyal as Executive Director (NM)/Delhi, effective August 1, 2024; appointment of Smt. Ancy James as Executive Director (EM) /BG Cx., effective August 1, 2024; Appointment of Shri. Naresh Kumar S as Executive Director (PD&IC), effective August 1, 2024. Smt. Prabha Goyal holds a degree in B.Tech. She joined BEL in December 1987 and has 37 years of experience. She was General manager (NM) prior to this elevation. Smt. Ancy James holds a degree in B.Tech in Electronics and Communication. She joined BEL in December 1987 and has 37 years of experience. She was General Manager (EM) BG Cx. prior to this elevation. Shri. Naresh Kumar S holds a degree in BE in Electronics. He joined BEL in February 1988 and has 36 years of experience. He was General Manager (PDIC) prior to this elevation.Price Target Changed • Jul 31Price target increased by 8.2% to ₹331Up from ₹306, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹316. Stock is up 152% over the past year. The company is forecast to post earnings per share of ₹6.32 for next year compared to ₹5.45 last year.お知らせ • Jul 30Bharat Electronics Limited to Report Q1, 2025 Results on Jul 29, 2024Bharat Electronics Limited announced that they will report Q1, 2025 results on Jul 29, 2024Reported Earnings • Jul 30First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ₹1.08 (up from ₹0.74 in 1Q 2024). Revenue: ₹42.4b (up 20% from 1Q 2024). Net income: ₹7.91b (up 47% from 1Q 2024). Profit margin: 19% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change).Price Target Changed • May 23Price target increased by 12% to ₹250Up from ₹223, the current price target is an average from 24 analysts. New target price is 12% below last closing price of ₹284. Stock is up 159% over the past year. The company is forecast to post earnings per share of ₹6.22 for next year compared to ₹5.45 last year.Reported Earnings • May 22Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₹5.45 (up from ₹4.08 in FY 2023). Revenue: ₹202.7b (up 14% from FY 2023). Net income: ₹39.8b (up 34% from FY 2023). Profit margin: 20% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹259, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 41x in the Aerospace & Defense industry in India. Total returns to shareholders of 421% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹118 per share.お知らせ • May 05Bharat Electronics Limited to Report Q4, 2024 Results on May 20, 2024Bharat Electronics Limited announced that they will report Q4, 2024 results on May 20, 2024お知らせ • Apr 30Bharat Electronics Limited Announces Superannuation of Executive DirectorsBharat Electronics Limited announced superannuation of Shri Manoj Kumar as Executive Director (National Marketing), Delhi CO and Shri Sankarasubramanian R as Executive Director (Radar) - GAD and Unit Head.Declared Dividend • Mar 17Dividend increased to ₹0.70Dividend of ₹0.70 is 17% higher than last year. Ex-date: 22nd March 2024 Payment date: 14th April 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 15Bharat Electronics Limited Declares Dividend of Second Interim Dividend for the Financial Year 2023-24Bharat Electronics Limited at its board meeting held on March 15, 2024, has declared second interim dividend of INR 0.70/- per equity share of INR 1/- each fully paid-up (70%) for the financial year 2023-24. The second interim dividend will be paid within 30 days from the date of declaration.お知らせ • Mar 01Bharat Electronics Limited Announces Change in ManagementBharat Electronics Limited announced change in Senior Management. Shri Umesh K S as Executive Director -ADSN SBU, Bengaluru Complex. Reason for Change is Superannuation. Effective Date is 29 February 2024. The company also appointed Shri Loyola Pedro Vianney G as Executive Director - Chennai Unit. effective on 01 March 2024. Shri Loyola Pedro Vianney G holds degree in B.E (ECE) and MBA. He joined BEL in December 1987 and has 36 years of experience. He was General Manager - Chennai Unit prior to his elevation.Upcoming Dividend • Feb 02Upcoming dividend of ₹0.70 per share at 1.0% yieldEligible shareholders must have bought the stock before 09 February 2024. Payment date: 28 February 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.9%).Price Target Changed • Feb 01Price target increased by 12% to ₹195Up from ₹174, the current price target is an average from 22 analysts. New target price is 6.4% above last closing price of ₹183. Stock is up 97% over the past year. The company is forecast to post earnings per share of ₹4.84 for next year compared to ₹4.08 last year.Declared Dividend • Jan 31Dividend increased to ₹0.70Dividend of ₹0.70 is 17% higher than last year. Ex-date: 9th February 2024 Payment date: 28th February 2024 Dividend yield will be 1.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 30Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: ₹1.17 (up from ₹0.83 in 3Q 2023). Revenue: ₹43.3b (up 4.2% from 3Q 2023). Net income: ₹8.60b (up 40% from 3Q 2023). Profit margin: 20% (up from 15% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 8.4%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 29Bharat Electronics Limited Announces Declaration of Interim Dividend for the Financial Year 2023-24Bharat Electronics Limited at its board meeting held on January 29, 2024, has declared interim dividend of INR 0.70/- per equity share of INR 1/- each fully paid-up (70%) for the financial year 2023-24. The interim dividend will be paid within 30 days from the date of declaration.お知らせ • Jan 05Bharat Electronics Limited to Report Q3, 2024 Results on Jan 29, 2024Bharat Electronics Limited announced that they will report Q3, 2024 results on Jan 29, 2024Reported Earnings • Oct 29Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: ₹1.08 (up from ₹0.86 in 2Q 2023). Revenue: ₹41.5b (up 4.7% from 2Q 2023). Net income: ₹7.89b (up 27% from 2Q 2023). Profit margin: 19% (up from 16% in 2Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 7.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 11Bharat Electronics Limited to Report Q2, 2024 Results on Oct 28, 2023Bharat Electronics Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Oct 28, 2023お知らせ • Aug 30Bharat Electronics Limited Declares Dividend for the Financial Year 2022-23Bharat Electronics Limited announced at the AGM held on August 28, 2023,approved to declare final dividend of INR 0.60 (60%) per equity share of INR 1 each fully paid up for the financial year 2022-23.Upcoming Dividend • Aug 10Upcoming dividend of ₹0.60 per share at 1.4% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (1.2%).お知らせ • Aug 05Bharat Electronics Limited, Annual General Meeting, Aug 28, 2023Bharat Electronics Limited, Annual General Meeting, Aug 28, 2023, at 10:00 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statement of the Company for the financial year ended 31 March 2023 and the reports of the Board of Directors & the Auditors thereon; to consider the Audited Consolidated Financial Statement of the Company for the financial year ended 31 March 2023 and the reports of Auditors thereon; to confirm the payment of interim dividend; to consider board changes; and to consider other matters.お知らせ • Aug 02Bharat Electronics Limited Announces Change in DirectorateBharat Electronics Limited informed the about the following changes in the Board of Directors: Shri. Vinay Kumar Katyal (DIN: 08281078) Director (Bangalore Complex) retired from his services on 31st July 2023 on attaining the age of Superannuation. Shri. Vinay Kumar Katyal (DIN: 08281078) ceased to be Director (Bangalore Complex) of the Company effective 1st August 2023. Ministry of Defence vide its DDP letter no. DDP-E0032/5/2020-D(BEL-l) dated 28th July, 2023 has Assigned Additional Charge for the post of Director (Bangalore Complex) of the Company to Shri. Manoj Jain DIN:09749046), Director (R&D) effective 1st August, 2023 till regular incumbent or further order, whichever is earlier. Shri. Vinay Kumar Katyal (DIN: 08281078), Director (Bangalore Complex) retired from his services on 31st July, 2023 on attaining the age of Superannuation.Price Target Changed • Aug 02Price target increased by 7.3% to ₹141Up from ₹132, the current price target is an average from 23 analysts. New target price is 13% above last closing price of ₹125. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₹4.75 for next year compared to ₹4.09 last year.Price Target Changed • Aug 02Price target increased by 7.3% to ₹141Up from ₹132, the current price target is an average from 23 analysts. New target price is 13% above last closing price of ₹125. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₹4.75 for next year compared to ₹4.09 last year.業績と収益の成長予測NSEI:BEL - アナリストの将来予測と過去の財務データ ( )INR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029425,46194,59765,459N/A73/31/2028370,94781,39256,880N/A133/31/2027319,53169,66270,870N/A126/30/2026287,17461,464N/AN/AN/A3/31/2026276,10160,6205,56015,414N/A12/31/2025265,35359,638N/AN/AN/A9/30/2025251,52156,9579,52219,868N/A6/30/2025239,64955,004N/AN/AN/A3/31/2025237,68853,214-4,4705,643N/A12/31/2024231,83249,915N/AN/AN/A9/30/2024215,74745,40111,95320,173N/A6/30/2024209,78942,370N/AN/AN/A3/31/2024202,68239,84540,07046,595N/A12/31/2023181,83335,694N/AN/AN/A9/30/2023181,74233,22934,87841,183N/A6/30/2023181,26831,573N/AN/AN/A3/31/2023177,34429,8446,08811,993N/A12/31/2022175,95127,566N/AN/AN/A9/30/2022171,43727,3951,8627,379N/A6/30/2022168,60127,402N/AN/AN/A3/31/2022153,68223,98936,52742,072N/A12/31/2021159,45826,128N/AN/AN/A9/30/2021145,64622,95053,40259,219N/A6/30/2021140,81820,695N/AN/AN/A3/31/2021141,08720,98946,24050,932N/A12/31/2020130,08017,776N/AN/AN/A9/30/2020129,65717,22216,55123,386N/A6/30/2020125,18816,671N/AN/AN/A3/31/2020129,67718,239N/A25,704N/A12/31/2019110,50113,777N/AN/AN/A9/30/2019115,10816,706N/A9,583N/A6/30/2019121,56219,086N/AN/AN/A3/31/2019121,64218,864N/A15,139N/A3/31/2018104,00814,317N/A-6,866N/A3/31/201786,68315,236N/A-609N/A3/31/201673,53813,374N/A22,601N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: BELの予測収益成長率 (年間14.4% ) は 貯蓄率 ( 6.9% ) を上回っています。収益対市場: BELの収益 ( 14.4% ) Indian市場 ( 16.5% ) よりも低い成長が予測されています。高成長収益: BELの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: BELの収益 ( 13.4% ) Indian市場 ( 11% ) よりも速いペースで成長すると予測されています。高い収益成長: BELの収益 ( 13.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: BELの 自己資本利益率 は、3年後には高くなると予測されています ( 26.3 %)成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/07 16:08終値2026/08/07 00:00収益2026/06/30年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Bharat Electronics Limited 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。48 アナリスト機関Kavish Parekh360 ONE Capital Market Private Limitednull null360 ONE Capital Market Private LimitedNishit MasterAnand Rathi Shares and Stock Brokers Limited45 その他のアナリストを表示
分析記事 • May 22Bharat Electronics Limited (NSE:BEL) Just Released Its Yearly Earnings: Here's What Analysts ThinkLast week saw the newest full-year earnings release from Bharat Electronics Limited ( NSE:BEL ), an important milestone...
分析記事 • Jan 31Revenue Beat: Bharat Electronics Limited Beat Analyst Estimates By 5.9%It's been a good week for Bharat Electronics Limited ( NSE:BEL ) shareholders, because the company has just released...
Price Target Changed • Dec 19Price target increased by 7.2% to ₹464Up from ₹433, the current price target is an average from 27 analysts. New target price is 18% above last closing price of ₹393. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹8.41 for next year compared to ₹7.28 last year.
分析記事 • Nov 04Bharat Electronics Limited Just Beat EPS By 26%: Here's What Analysts Think Will Happen NextAs you might know, Bharat Electronics Limited ( NSE:BEL ) just kicked off its latest second-quarter results with some...
Price Target Changed • May 21Price target increased by 11% to ₹380Up from ₹342, the current price target is an average from 24 analysts. New target price is approximately in line with last closing price of ₹383. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹8.10 for next year compared to ₹7.28 last year.
Price Target Changed • Jul 31Price target increased by 8.2% to ₹331Up from ₹306, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹316. Stock is up 152% over the past year. The company is forecast to post earnings per share of ₹6.32 for next year compared to ₹5.45 last year.
Declared Dividend • Aug 07Dividend reduced to ₹0.55Dividend of ₹0.55 is 39% lower than last year. Ex-date: 13th August 2026 Payment date: 27th September 2026 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (329% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 05Bharat Electronics Limited, Annual General Meeting, Aug 28, 2026Bharat Electronics Limited, Annual General Meeting, Aug 28, 2026, at 10:00 Indian Standard Time.
Reported Earnings • Jul 28First quarter 2027 earnings released: EPS: ₹1.44 (vs ₹1.33 in 1Q 2026)First quarter 2027 results: EPS: ₹1.44 (up from ₹1.33 in 1Q 2026). Revenue: ₹55.5b (up 25% from 1Q 2026). Net income: ₹10.5b (up 8.7% from 1Q 2026). Profit margin: 19% (down from 22% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 13Bharat Electronics Limited to Report Q1, 2027 Results on Jul 27, 2026Bharat Electronics Limited announced that they will report Q1, 2027 results on Jul 27, 2026
分析記事 • May 27Bharat Electronics' (NSE:BEL) Solid Earnings May Rest On Weak FoundationsBharat Electronics Limited's ( NSE:BEL ) robust recent earnings didn't do much to move the stock. We think this is due...
分析記事 • May 22Bharat Electronics Limited (NSE:BEL) Just Released Its Yearly Earnings: Here's What Analysts ThinkLast week saw the newest full-year earnings release from Bharat Electronics Limited ( NSE:BEL ), an important milestone...
Reported Earnings • May 20Full year 2026 earnings: Revenues and EPS in line with analyst expectationsFull year 2026 results: EPS: ₹8.29 (up from ₹7.28 in FY 2025). Revenue: ₹276.1b (up 16% from FY 2025). Net income: ₹60.6b (up 14% from FY 2025). Profit margin: 22% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 07Bharat Electronics Limited to Report Q4, 2026 Results on May 19, 2026Bharat Electronics Limited announced that they will report Q4, 2026 results on May 19, 2026
Declared Dividend • Mar 04Dividend increased to ₹1.95Dividend of ₹1.95 is 30% higher than last year. Ex-date: 6th March 2026 Payment date: 29th March 2026 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but not covered by cash flows (184% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Feb 15Investors Should Be Encouraged By Bharat Electronics' (NSE:BEL) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
分析記事 • Jan 31Revenue Beat: Bharat Electronics Limited Beat Analyst Estimates By 5.9%It's been a good week for Bharat Electronics Limited ( NSE:BEL ) shareholders, because the company has just released...
Reported Earnings • Jan 29Third quarter 2026 earnings released: EPS: ₹2.16 (vs ₹1.79 in 3Q 2025)Third quarter 2026 results: EPS: ₹2.16 (up from ₹1.79 in 3Q 2025). Revenue: ₹71.5b (up 24% from 3Q 2025). Net income: ₹15.8b (up 21% from 3Q 2025). Profit margin: 22% (in line with 3Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 07Bharat Electronics Limited to Report Q3, 2026 Results on Jan 28, 2026Bharat Electronics Limited announced that they will report Q3, 2026 results on Jan 28, 2026
Price Target Changed • Dec 19Price target increased by 7.2% to ₹464Up from ₹433, the current price target is an average from 27 analysts. New target price is 18% above last closing price of ₹393. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹8.41 for next year compared to ₹7.28 last year.
分析記事 • Nov 25There's Reason For Concern Over Bharat Electronics Limited's (NSE:BEL) PriceWith a price-to-earnings (or "P/E") ratio of 51.8x Bharat Electronics Limited ( NSE:BEL ) may be sending very bearish...
分析記事 • Nov 04Bharat Electronics Limited Just Beat EPS By 26%: Here's What Analysts Think Will Happen NextAs you might know, Bharat Electronics Limited ( NSE:BEL ) just kicked off its latest second-quarter results with some...
Reported Earnings • Nov 01Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: ₹1.76 (up from ₹1.50 in 2Q 2025). Revenue: ₹57.9b (up 26% from 2Q 2025). Net income: ₹12.9b (up 18% from 2Q 2025). Profit margin: 22% (down from 24% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Oct 04Here's Why We Think Bharat Electronics (NSE:BEL) Is Well Worth WatchingIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
分析記事 • Aug 26We Think Bharat Electronics (NSE:BEL) Can Stay On Top Of Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Declared Dividend • Aug 07Dividend increased to ₹0.90Dividend of ₹0.90 is 13% higher than last year. Ex-date: 14th August 2025 Payment date: 27th September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 06Bharat Electronics Limited, Annual General Meeting, Aug 28, 2025Bharat Electronics Limited, Annual General Meeting, Aug 28, 2025, at 09:30 Indian Standard Time.
Reported Earnings • Jul 29First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2026 results: EPS: ₹1.33 (up from ₹1.08 in 1Q 2025). Revenue: ₹44.4b (up 4.6% from 1Q 2025). Net income: ₹9.70b (up 23% from 1Q 2025). Profit margin: 22% (up from 19% in 1Q 2025). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 21Price target increased by 11% to ₹380Up from ₹342, the current price target is an average from 24 analysts. New target price is approximately in line with last closing price of ₹383. Stock is up 35% over the past year. The company is forecast to post earnings per share of ₹8.10 for next year compared to ₹7.28 last year.
Reported Earnings • May 20Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: ₹7.28 (up from ₹5.45 in FY 2024). Revenue: ₹245.1b (up 21% from FY 2024). Net income: ₹53.2b (up 34% from FY 2024). Profit margin: 22% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.7%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹364, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 47x in the Aerospace & Defense industry in India. Total returns to shareholders of 383% over the past three years.
お知らせ • May 07Bharat Electronics Limited to Report Fiscal Year 2025 Results on May 19, 2025Bharat Electronics Limited announced that they will report fiscal year 2025 results on May 19, 2025
Declared Dividend • Mar 07Dividend increased to ₹1.50Dividend of ₹1.50 is 114% higher than last year. Ex-date: 11th March 2025 Payment date: 4th April 2025 Dividend yield will be 0.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 05Bharat Electronics Limited Declares Interim Dividend for the Financial Year 2024-25The Board of Directors meeting of Bharat Electronics Limited held on 5th March, 2025 declared Interim Dividend for the Financial Year 2024-25. For the period, the company reported dividend of INR 1.50 per equity share fully paid-up (150%). The interim dividend will be paid within 30 days from the date of declaration.
お知らせ • Mar 01Bharat Electronics Limited Announces Superannuation of Naresh Kumar as Executive Director (Product Development & Innovation Cell)Bharat Electronics Limited announced the superannuation of Shri. Naresh Kumar as Executive Director (Product Development & Innovation Cell), effective February 28, 2025.
お知らせ • Feb 08Bharat Electronics Limited Announces Cessation Shyama Singh as Independent DirectorBharat Electronics Limited announced that the term of Mrs. Shyama Singh, (DIN:09495164), Non-official Director (Independent Director), was up to 06th February, 2025 and consequently, ceased to be the Independent Director of the Company effective from 07th February, 2025. Reason for change: Completion of tenure.
お知らせ • Feb 03Bharat Electronics Limited Announces Superannuation of ExecutivesBharat Electronics Limited announced the change in senior management: Name: Shri. Ramakrishnan L; Designation: Chief Scientist (CRL-Bengaluru); Type of Change: Superannuation; Effective date is February 1, 2025; Name: Shri. Sampath kumar P; Designation: Chief Technology Officer (COE - Comm.); Type of Change: Superannuation; Effective date is February 1, 2025.
Reported Earnings • Jan 31Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: ₹1.79 (up from ₹1.17 in 3Q 2024). Revenue: ₹57.7b (up 39% from 3Q 2024). Net income: ₹13.1b (up 53% from 3Q 2024). Profit margin: 23% (up from 21% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 21Bharat Electronics Limited Announces Cessation of Gokulan B as Non-Official DirectorBharat Electronics Limited announced that the term of Mr. Gokulan B, Non-official Director (Independent Director), was upto 19 January, 2025 and consequently, ceased to be the Independent Director of the Company effective 20 January, 2025.
お知らせ • Jan 10Bharat Electronics Limited to Report Q3, 2025 Results on Jan 30, 2025Bharat Electronics Limited announced that they will report Q3, 2025 results on Jan 30, 2025
お知らせ • Dec 28Bharat Electronics Limited Announces Cessation of Term for Five Independent DirectorsBharat Electronics Limited informed that the term of following five Non-official Directors (Independent Directors), was upto 27 December, 2024 and consequently, ceased to be the Independent Directors of the Company with effect from December 28, 2024: Dr. Parthasarathi P V, Shri. Mansukhbhai Shamjibhai Khachariya, Dr. Santhoshkumar N, Shri. Prafulla Kumar Choudhury, Dr. Shiv Nath Yadav. Reason for change is completion of tenure.
Reported Earnings • Oct 26Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ₹1.50 (up from ₹1.08 in 2Q 2024). Revenue: ₹46.0b (up 15% from 2Q 2024). Net income: ₹10.9b (up 38% from 2Q 2024). Profit margin: 24% (up from 20% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 09Bharat Electronics Limited to Report Q2, 2025 Results on Oct 25, 2024Bharat Electronics Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Oct 25, 2024
お知らせ • Sep 11Bharat Electronics Limited Announces Board ChangesPursuant to Regulation 30(2) of SEBI (LODR) Regulations 2015, Bharat Electronics Limited announced that Ministry of Defence, Government of India vide its letter no. 8(32)/2019-D (Coord/DDP) dated 10th September, 2024 appointed Shri Rajeev Prakash, Joint Secretary (NS), DDP/MoD (DIN:08590061) as Part-time Official Director (Government Nominee Director) on the Board of the company (BEL) in place of Shri T Natarajan (DIN: 00396367). In this regard the Board of Directors through circular resolution passed on 11thh September 2024 appointed Shri Rajeev Prakash, as Part-time Official Director (Government Nominee Director) (DIN:08590061) w.e.f 10th September 2024. The Board noted the above letter with regard to the withdrawal of Nomination & cessation of Shri T Natarajan as a Govt Nominee Director on the Board of BEL w.e.f 10th September 2024. Shri Rajeev Prakash (DIN: 08590061) is Joint Secretary (Naval System) Department of Defence Production, Ministry of Defence, Government of India. Shri Rajeev Prakash has completed B.A. Honors in English from St. Stephen's College, University of Delhi and M.A. in Development Studies from the Institute of Social Studies, Erasmus University. Further he is a 1995 batch Indian Post & Telecommunication Accounts and Finance Service Officer (IP & TAFS). Shri Rajeev Prakash has a vast experience in the field of finance and held various important posts in the Government of India. Prior to joining as Joint Secretary (Naval System) in Department of Defence Production, Ministry of Defence, Govt, of India in June 2022, he has worked as Deputy Director General (Wireless Planning & Finance) in Department of Telecommunication, Ministry of Communication.
お知らせ • Aug 10Bharat Electronics Limited Appoints Rajnish Sharma as DirectorBharat Electronics Limited appointed Shri Rajnish Sharma as Additional Director w.e.f 10th August 2024. Shri Rajnish Sharma took charge as Director (Bangalore Complex) of Navratna Defence PSU Bharat Electronics Limited (BEL) today. He was working as General Manager of BEL's Military Radars SBU prior to his elevation. Shri Rajnish Sharma graduated in Mechanical Engineering from the Delhi College of Engineering in 1989 and joined BEL in 1990. In an eventful career spanning over 33 years, he has served at various Units and Strategic Business Units (SBUs) of BEL, gaining diverse exposure to core technologies such as Radar Systems, Secure Communication, Electronic Warfare & Avionics, Naval Missile Systems, etc. He has played a pivotal role in the execution of some of the largest systems of BEL, including LRSAM, which has broadened his outlook and given him a holistic view of organisational businesses, challenges, people, teams, diverse cultures, etc. While taking up such roles and challenges, he has also acquired professional competencies like the Certified Project Management Professional, Certified Manager of Quality and Organisational Excellence, Six Sigma, CII Business Excellence Assessor, etc. Such learnings have enabled him to successfully execute key projects with international companies like Thales-France, Selex-Italy, HSA-Holland, RAC- Russia and IAI-Israel. Also, active involvement with LRDE in projects such as the Electronic Voting Machine, Airborne Early Warning & Control System with CABS, Flycatcher, Weapon Locating Radar, Reporter Radar, Revathi and Rohini Radars have helped Shri Rajnish Sharma hone his skills for a variety of business and production processes critical to the success of any business entity. His versatility, observant nature and close association with technology partners has given Shri Rajnish Sharma the knack to assimilate learnings and translate technology into developing mature and robust processes leading to best-in-class products. His process orientation and die-hard, never-give-up attitude has stood him in good stead, helping him to meet stringent targets on time.
お知らせ • Aug 06Bharat Electronics Limited, Annual General Meeting, Aug 28, 2024Bharat Electronics Limited, Annual General Meeting, Aug 28, 2024, at 10:00 Indian Standard Time.
Declared Dividend • Aug 04Dividend increased to ₹0.80Dividend of ₹0.80 is 33% higher than last year. Ex-date: 14th August 2024 Payment date: 27th September 2024 Dividend yield will be 0.7%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 01Bharat Electronics Limited Announces Board ChangesBharat Electronics Limited announced following change in Senior Management as per details here under: Superannuation of Shri. Loyala Pedro Vianney G as Executive Director (Chennai), effective July 31, 2024; Appointment of Smt. Prabha Goyal as Executive Director (NM)/Delhi, effective August 1, 2024; appointment of Smt. Ancy James as Executive Director (EM) /BG Cx., effective August 1, 2024; Appointment of Shri. Naresh Kumar S as Executive Director (PD&IC), effective August 1, 2024. Smt. Prabha Goyal holds a degree in B.Tech. She joined BEL in December 1987 and has 37 years of experience. She was General manager (NM) prior to this elevation. Smt. Ancy James holds a degree in B.Tech in Electronics and Communication. She joined BEL in December 1987 and has 37 years of experience. She was General Manager (EM) BG Cx. prior to this elevation. Shri. Naresh Kumar S holds a degree in BE in Electronics. He joined BEL in February 1988 and has 36 years of experience. He was General Manager (PDIC) prior to this elevation.
Price Target Changed • Jul 31Price target increased by 8.2% to ₹331Up from ₹306, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of ₹316. Stock is up 152% over the past year. The company is forecast to post earnings per share of ₹6.32 for next year compared to ₹5.45 last year.
お知らせ • Jul 30Bharat Electronics Limited to Report Q1, 2025 Results on Jul 29, 2024Bharat Electronics Limited announced that they will report Q1, 2025 results on Jul 29, 2024
Reported Earnings • Jul 30First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: ₹1.08 (up from ₹0.74 in 1Q 2024). Revenue: ₹42.4b (up 20% from 1Q 2024). Net income: ₹7.91b (up 47% from 1Q 2024). Profit margin: 19% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change).
Price Target Changed • May 23Price target increased by 12% to ₹250Up from ₹223, the current price target is an average from 24 analysts. New target price is 12% below last closing price of ₹284. Stock is up 159% over the past year. The company is forecast to post earnings per share of ₹6.22 for next year compared to ₹5.45 last year.
Reported Earnings • May 22Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₹5.45 (up from ₹4.08 in FY 2023). Revenue: ₹202.7b (up 14% from FY 2023). Net income: ₹39.8b (up 34% from FY 2023). Profit margin: 20% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₹259, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 41x in the Aerospace & Defense industry in India. Total returns to shareholders of 421% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹118 per share.
お知らせ • May 05Bharat Electronics Limited to Report Q4, 2024 Results on May 20, 2024Bharat Electronics Limited announced that they will report Q4, 2024 results on May 20, 2024
お知らせ • Apr 30Bharat Electronics Limited Announces Superannuation of Executive DirectorsBharat Electronics Limited announced superannuation of Shri Manoj Kumar as Executive Director (National Marketing), Delhi CO and Shri Sankarasubramanian R as Executive Director (Radar) - GAD and Unit Head.
Declared Dividend • Mar 17Dividend increased to ₹0.70Dividend of ₹0.70 is 17% higher than last year. Ex-date: 22nd March 2024 Payment date: 14th April 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 15Bharat Electronics Limited Declares Dividend of Second Interim Dividend for the Financial Year 2023-24Bharat Electronics Limited at its board meeting held on March 15, 2024, has declared second interim dividend of INR 0.70/- per equity share of INR 1/- each fully paid-up (70%) for the financial year 2023-24. The second interim dividend will be paid within 30 days from the date of declaration.
お知らせ • Mar 01Bharat Electronics Limited Announces Change in ManagementBharat Electronics Limited announced change in Senior Management. Shri Umesh K S as Executive Director -ADSN SBU, Bengaluru Complex. Reason for Change is Superannuation. Effective Date is 29 February 2024. The company also appointed Shri Loyola Pedro Vianney G as Executive Director - Chennai Unit. effective on 01 March 2024. Shri Loyola Pedro Vianney G holds degree in B.E (ECE) and MBA. He joined BEL in December 1987 and has 36 years of experience. He was General Manager - Chennai Unit prior to his elevation.
Upcoming Dividend • Feb 02Upcoming dividend of ₹0.70 per share at 1.0% yieldEligible shareholders must have bought the stock before 09 February 2024. Payment date: 28 February 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.9%).
Price Target Changed • Feb 01Price target increased by 12% to ₹195Up from ₹174, the current price target is an average from 22 analysts. New target price is 6.4% above last closing price of ₹183. Stock is up 97% over the past year. The company is forecast to post earnings per share of ₹4.84 for next year compared to ₹4.08 last year.
Declared Dividend • Jan 31Dividend increased to ₹0.70Dividend of ₹0.70 is 17% higher than last year. Ex-date: 9th February 2024 Payment date: 28th February 2024 Dividend yield will be 1.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 30Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: ₹1.17 (up from ₹0.83 in 3Q 2023). Revenue: ₹43.3b (up 4.2% from 3Q 2023). Net income: ₹8.60b (up 40% from 3Q 2023). Profit margin: 20% (up from 15% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 8.4%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 29Bharat Electronics Limited Announces Declaration of Interim Dividend for the Financial Year 2023-24Bharat Electronics Limited at its board meeting held on January 29, 2024, has declared interim dividend of INR 0.70/- per equity share of INR 1/- each fully paid-up (70%) for the financial year 2023-24. The interim dividend will be paid within 30 days from the date of declaration.
お知らせ • Jan 05Bharat Electronics Limited to Report Q3, 2024 Results on Jan 29, 2024Bharat Electronics Limited announced that they will report Q3, 2024 results on Jan 29, 2024
Reported Earnings • Oct 29Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2024 results: EPS: ₹1.08 (up from ₹0.86 in 2Q 2023). Revenue: ₹41.5b (up 4.7% from 2Q 2023). Net income: ₹7.89b (up 27% from 2Q 2023). Profit margin: 19% (up from 16% in 2Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 7.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 11Bharat Electronics Limited to Report Q2, 2024 Results on Oct 28, 2023Bharat Electronics Limited announced that they will report Q2, 2024 results at 3:30 PM, Indian Standard Time on Oct 28, 2023
お知らせ • Aug 30Bharat Electronics Limited Declares Dividend for the Financial Year 2022-23Bharat Electronics Limited announced at the AGM held on August 28, 2023,approved to declare final dividend of INR 0.60 (60%) per equity share of INR 1 each fully paid up for the financial year 2022-23.
Upcoming Dividend • Aug 10Upcoming dividend of ₹0.60 per share at 1.4% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (1.2%).
お知らせ • Aug 05Bharat Electronics Limited, Annual General Meeting, Aug 28, 2023Bharat Electronics Limited, Annual General Meeting, Aug 28, 2023, at 10:00 Indian Standard Time. Agenda: To consider and adopt the Audited Financial Statement of the Company for the financial year ended 31 March 2023 and the reports of the Board of Directors & the Auditors thereon; to consider the Audited Consolidated Financial Statement of the Company for the financial year ended 31 March 2023 and the reports of Auditors thereon; to confirm the payment of interim dividend; to consider board changes; and to consider other matters.
お知らせ • Aug 02Bharat Electronics Limited Announces Change in DirectorateBharat Electronics Limited informed the about the following changes in the Board of Directors: Shri. Vinay Kumar Katyal (DIN: 08281078) Director (Bangalore Complex) retired from his services on 31st July 2023 on attaining the age of Superannuation. Shri. Vinay Kumar Katyal (DIN: 08281078) ceased to be Director (Bangalore Complex) of the Company effective 1st August 2023. Ministry of Defence vide its DDP letter no. DDP-E0032/5/2020-D(BEL-l) dated 28th July, 2023 has Assigned Additional Charge for the post of Director (Bangalore Complex) of the Company to Shri. Manoj Jain DIN:09749046), Director (R&D) effective 1st August, 2023 till regular incumbent or further order, whichever is earlier. Shri. Vinay Kumar Katyal (DIN: 08281078), Director (Bangalore Complex) retired from his services on 31st July, 2023 on attaining the age of Superannuation.
Price Target Changed • Aug 02Price target increased by 7.3% to ₹141Up from ₹132, the current price target is an average from 23 analysts. New target price is 13% above last closing price of ₹125. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₹4.75 for next year compared to ₹4.09 last year.
Price Target Changed • Aug 02Price target increased by 7.3% to ₹141Up from ₹132, the current price target is an average from 23 analysts. New target price is 13% above last closing price of ₹125. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₹4.75 for next year compared to ₹4.09 last year.