Bharat Electronics Limited

BSE:500049 Stock Report

Market Cap: ₹2.2t

Bharat Electronics Valuation

Is 500049 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 500049 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500049 (₹303.8) is trading above our estimate of fair value (₹85.73)

Significantly Below Fair Value: 500049 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500049?

Key metric: As 500049 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500049. This is calculated by dividing 500049's market cap by their current earnings.
What is 500049's PE Ratio?
PE Ratio48.9x
Earnings₹45.40b
Market Cap₹2.22t

Price to Earnings Ratio vs Peers

How does 500049's PE Ratio compare to its peers?

The above table shows the PE ratio for 500049 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.4x
HAL Hindustan Aeronautics
35.2x12.5%₹3.0t
MAZDOCK Mazagon Dock Shipbuilders
40x0.3%₹1.0t
BDL Bharat Dynamics
84x22.6%₹464.8b
GRSE Garden Reach Shipbuilders & Engineers
50.5x16.1%₹194.3b
500049 Bharat Electronics
48.9x15.0%₹2.2t

Price-To-Earnings vs Peers: 500049 is good value based on its Price-To-Earnings Ratio (48.9x) compared to the peer average (52.4x).

Price to Earnings Ratio vs Industry

How does 500049's PE Ratio compare vs other companies in the Asian Aerospace & Defense Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
500049 48.9xIndustry Avg. 51.1xNo. of Companies11PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500049 is good value based on its Price-To-Earnings Ratio (48.9x) compared to the Asian Aerospace & Defense industry average (50.4x).

Price to Earnings Ratio vs Fair Ratio

What is 500049's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500049 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48.9x
Fair PE Ratio50x

Price-To-Earnings vs Fair Ratio: 500049 is good value based on its Price-To-Earnings Ratio (48.9x) compared to the estimated Fair Price-To-Earnings Ratio (50x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 500049 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹303.80
₹331.54
+9.1%
13.9%₹380.00₹213.00n/a24
Dec ’25₹307.85
₹331.54
+7.7%
13.9%₹380.00₹213.00n/a24
Nov ’25₹288.75
₹333.13
+15.4%
14.5%₹390.00₹213.00n/a23
Oct ’25₹283.95
₹331.61
+16.8%
15.5%₹390.00₹200.00n/a23
Sep ’25₹299.40
₹331.61
+10.8%
15.5%₹390.00₹200.00n/a23
Aug ’25₹311.15
₹336.50
+8.1%
13.6%₹390.00₹200.00n/a24
Jul ’25₹307.90
₹299.33
-2.8%
12.9%₹342.00₹170.00n/a24
Jun ’25₹296.10
₹297.29
+0.4%
14.1%₹342.00₹170.00n/a24
May ’25₹233.70
₹216.78
-7.2%
15.6%₹280.00₹130.00n/a23
Apr ’25₹211.25
₹208.50
-1.3%
15.4%₹263.00₹130.00n/a22
Mar ’25₹205.60
₹199.52
-3.0%
11.5%₹225.00₹130.00n/a21
Feb ’25₹183.40
₹192.82
+5.1%
13.4%₹225.00₹130.00n/a22
Jan ’25₹185.05
₹164.17
-11.3%
17.0%₹221.00₹115.00n/a24
Dec ’24₹147.45
₹151.87
+3.0%
8.9%₹168.00₹115.00₹307.8523
Nov ’24₹132.40
₹150.52
+13.7%
9.0%₹168.00₹115.00₹288.7523
Oct ’24₹138.25
₹146.81
+6.2%
8.5%₹164.00₹115.00₹283.9521
Sep ’24₹137.75
₹144.50
+4.9%
10.8%₹164.00₹100.00₹299.4022
Aug ’24₹130.45
₹143.65
+10.1%
11.0%₹164.00₹100.00₹311.1523
Jul ’24₹125.85
₹127.73
+1.5%
9.4%₹150.00₹100.00₹307.9022
Jun ’24₹112.95
₹126.82
+12.3%
8.7%₹146.00₹100.00₹296.1022
May ’24₹103.30
₹122.00
+18.1%
8.0%₹139.00₹98.00₹233.7022
Apr ’24₹97.55
₹120.74
+23.8%
8.9%₹139.00₹98.00₹211.2522
Mar ’24₹96.99
₹120.25
+24.0%
8.6%₹134.67₹98.00₹205.6020
Feb ’24₹90.90
₹119.63
+31.6%
9.7%₹135.00₹98.33₹183.4021
Jan ’24₹99.95
₹118.76
+18.8%
12.2%₹135.00₹76.67₹185.0521
Dec ’23₹104.15
₹118.70
+14.0%
12.5%₹135.00₹76.67₹147.4520

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 03:40
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bharat Electronics Limited is covered by 45 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Nishit MasterAnand Rathi Shares and Stock Brokers Limited
Santosh YellapuAngel Broking Private Limited