BEL Stock Overview
Bharat Electronics Limited, together with its subsidiaries, designs, manufactures, supplies, and exports electronic equipment and systems for the defense and civilian markets in India and internationally.
Bharat Electronics Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹233.50|
|52 Week High||₹259.50|
|52 Week Low||₹162.35|
|1 Month Change||3.16%|
|3 Month Change||13.35%|
|1 Year Change||33.43%|
|3 Year Change||107.56%|
|5 Year Change||58.99%|
|Change since IPO||11,231.62%|
Recent News & Updates
Bharat Electronics (NSE:BEL) Knows How To Allocate Capital
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Do Bharat Electronics's (NSE:BEL) Earnings Warrant Your Attention?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Estimating The Fair Value Of Bharat Electronics Limited (NSE:BEL)
How far off is Bharat Electronics Limited ( NSE:BEL ) from its intrinsic value? Using the most recent financial data...
|BEL||IN Aerospace & Defense||IN Market|
Return vs Industry: BEL underperformed the Indian Aerospace & Defense industry which returned 50.6% over the past year.
Return vs Market: BEL exceeded the Indian Market which returned -1.7% over the past year.
|BEL Average Weekly Movement||4.7%|
|Aerospace & Defense Industry Average Movement||6.9%|
|Market Average Movement||6.9%|
|10% most volatile stocks in IN Market||9.9%|
|10% least volatile stocks in IN Market||4.5%|
Stable Share Price: BEL is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BEL's weekly volatility (5%) has been stable over the past year.
About the Company
Bharat Electronics Limited, together with its subsidiaries, designs, manufactures, supplies, and exports electronic equipment and systems for the defense and civilian markets in India and internationally. Its defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, shelters and masts, simulators, and batteries; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and micro electro mechanical systems. The company’s non-defense products comprise e-governance systems, homeland security products, civil radars, and telecom and broadcast systems; integrated traffic management systems, and solar power solutions; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, multichannel voice logging recorder systems, and digital multichannel data recorders.
Bharat Electronics Fundamentals Summary
|BEL fundamental statistics|
Is BEL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BEL income statement (TTM)|
|Cost of Revenue||₹88.97b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||9.85|
|Net Profit Margin||15.61%|
How did BEL perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Is BEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BEL?
Other financial metrics that can be useful for relative valuation.
|What is BEL's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BEL's PE Ratio compare to its peers?
|BEL PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: BEL is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the peer average (20.6x).
Price to Earnings Ratio vs Industry
How does BEL's PE Ratio compare vs other companies in the Aerospace & Defense Industry?
Price-To-Earnings vs Industry: BEL is expensive based on its Price-To-Earnings Ratio (23.7x) compared to the Indian Aerospace & Defense industry average (20.1x)
Price to Earnings Ratio vs Fair Ratio
What is BEL'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.
|Current PE Ratio||23.7x|
|Fair PE Ratio||28.6x|
Price-To-Earnings vs Fair Ratio: BEL is good value based on its Price-To-Earnings Ratio (23.7x) compared to the estimated Fair Price-To-Earnings Ratio (28.6x).
Share Price vs Fair Value
What is the Fair Price of BEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BEL (₹233.5) is trading below our estimate of fair value (₹280.08)
Significantly Below Fair Value: BEL is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: BEL is poor value based on its PEG Ratio (1.8x)
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How is Bharat Electronics forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEL's forecast earnings growth (13.4% per year) is above the savings rate (6.7%).
Earnings vs Market: BEL's earnings (13.4% per year) are forecast to grow slower than the Indian market (17.5% per year).
High Growth Earnings: BEL's earnings are forecast to grow, but not significantly.
Revenue vs Market: BEL's revenue (11% per year) is forecast to grow slower than the Indian market (11.5% per year).
High Growth Revenue: BEL's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BEL's Return on Equity is forecast to be high in 3 years time (22.5%)
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How has Bharat Electronics performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEL has high quality earnings.
Growing Profit Margin: BEL's current net profit margins (15.6%) are higher than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: BEL's earnings have grown by 10.3% per year over the past 5 years.
Accelerating Growth: BEL's earnings growth over the past year (14.3%) exceeds its 5-year average (10.3% per year).
Earnings vs Industry: BEL earnings growth over the past year (14.3%) underperformed the Aerospace & Defense industry 33.3%.
Return on Equity
High ROE: BEL's Return on Equity (19.5%) is considered low.
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How is Bharat Electronics's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BEL's short term assets (₹272.9B) exceed its short term liabilities (₹195.8B).
Long Term Liabilities: BEL's short term assets (₹272.9B) exceed its long term liabilities (₹20.3B).
Debt to Equity History and Analysis
Debt Level: BEL is debt free.
Reducing Debt: BEL has no debt compared to 5 years ago when its debt to equity ratio was 0.8%.
Debt Coverage: BEL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BEL has no debt, therefore coverage of interest payments is not a concern.
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What is Bharat Electronics's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BEL's dividend (1.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).
High Dividend: BEL's dividend (1.93%) is in the top 25% of dividend payers in the Indian market (1.9%)
Stability and Growth of Payments
Stable Dividend: BEL's dividend payments have been volatile in the past 10 years.
Growing Dividend: BEL's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.7%), BEL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30%), BEL's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Anandi Ramalingam (59 yo)
Mrs. Anandi Ramalingam has been Chairman and Managing Director of Bharat Electronics Limited since July 01, 2021. She has been Director of Marketing and Whole Time Director at Bharat Electronics Limited si...
CEO Compensation Analysis
Compensation vs Market: Anandi's total compensation ($USD81.28K) is below average for companies of similar size in the Indian market ($USD926.41K).
Compensation vs Earnings: Anandi's compensation has been consistent with company performance over the past year.
Experienced Management: BEL's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: BEL's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bharat Electronics Limited's employee growth, exchange listings and data sources
- Name: Bharat Electronics Limited
- Ticker: BEL
- Exchange: NSEI
- Founded: 1954
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Implied Market Cap: ₹569.188b
- Shares outstanding: 2.44b
- Website: https://www.bel-india.in
Number of Employees
- Bharat Electronics Limited
- Outer Ring Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.