Bharat Electronics Limited

NSEI:BEL Stock Report

Market Cap: ₹2.8t

Bharat Electronics Past Earnings Performance

Past criteria checks 6/6

Bharat Electronics has been growing earnings at an average annual rate of 23.4%, while the Aerospace & Defense industry saw earnings growing at 26.9% annually. Revenues have been growing at an average rate of 12.8% per year. Bharat Electronics's return on equity is 27.5%, and it has net margins of 23%.

Key information

23.41%

Earnings growth rate

23.41%

EPS growth rate

Aerospace & Defense Industry Growth24.15%
Revenue growth rate12.84%
Return on equity27.51%
Net Margin22.95%
Last Earnings Update30 Jun 2025

Recent past performance updates

Bharat Electronics' (NSE:BEL) Earnings Are Weaker Than They Seem

May 27
Bharat Electronics' (NSE:BEL) Earnings Are Weaker Than They Seem

Recent updates

Bharat Electronics (NSE:BEL) Is Due To Pay A Dividend Of ₹0.90

Aug 08
Bharat Electronics (NSE:BEL) Is Due To Pay A Dividend Of ₹0.90

Results: Bharat Electronics Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 01
Results: Bharat Electronics Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Returns on Capital Paint A Bright Future For Bharat Electronics (NSE:BEL)

Jul 18
Returns on Capital Paint A Bright Future For Bharat Electronics (NSE:BEL)

Is Now The Time To Put Bharat Electronics (NSE:BEL) On Your Watchlist?

Jun 27
Is Now The Time To Put Bharat Electronics (NSE:BEL) On Your Watchlist?

Bharat Electronics' (NSE:BEL) Earnings Are Weaker Than They Seem

May 27
Bharat Electronics' (NSE:BEL) Earnings Are Weaker Than They Seem

Bharat Electronics Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

May 22
Bharat Electronics Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Bharat Electronics (NSE:BEL) Is Very Good At Capital Allocation

Apr 16
Bharat Electronics (NSE:BEL) Is Very Good At Capital Allocation

Should You Be Adding Bharat Electronics (NSE:BEL) To Your Watchlist Today?

Mar 26
Should You Be Adding Bharat Electronics (NSE:BEL) To Your Watchlist Today?

Bharat Electronics Limited's (NSE:BEL) Shares May Have Run Too Fast Too Soon

Feb 20
Bharat Electronics Limited's (NSE:BEL) Shares May Have Run Too Fast Too Soon

Bharat Electronics Limited Just Beat EPS By 38%: Here's What Analysts Think Will Happen Next

Feb 02
Bharat Electronics Limited Just Beat EPS By 38%: Here's What Analysts Think Will Happen Next

Is Bharat Electronics (NSE:BEL) A Risky Investment?

Feb 01
Is Bharat Electronics (NSE:BEL) A Risky Investment?

With EPS Growth And More, Bharat Electronics (NSE:BEL) Makes An Interesting Case

Dec 09
With EPS Growth And More, Bharat Electronics (NSE:BEL) Makes An Interesting Case

Bharat Electronics Limited's (NSE:BEL) Share Price Not Quite Adding Up

Nov 21
Bharat Electronics Limited's (NSE:BEL) Share Price Not Quite Adding Up

Bharat Electronics' (NSE:BEL) Earnings Are Of Questionable Quality

Nov 02
Bharat Electronics' (NSE:BEL) Earnings Are Of Questionable Quality

Earnings Beat: Bharat Electronics Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Oct 30
Earnings Beat: Bharat Electronics Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Bharat Electronics (NSE:BEL) Is Reinvesting To Multiply In Value

Oct 15
Bharat Electronics (NSE:BEL) Is Reinvesting To Multiply In Value

Revenue & Expenses Breakdown

How Bharat Electronics makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NSEI:BEL Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 25239,64955,00427,9050
31 Mar 25237,68853,21428,1030
31 Dec 24231,83249,91526,7840
30 Sep 24215,74745,40126,3140
30 Jun 24209,78942,37025,2740
31 Mar 24202,68239,84525,3590
31 Dec 23181,83335,69424,6510
30 Sep 23181,74233,22924,1240
30 Jun 23181,26831,57323,6500
31 Mar 23177,34429,84423,6670
31 Dec 22175,95127,56623,3940
30 Sep 22171,43727,39522,7580
30 Jun 22168,60127,40222,0970
31 Mar 22153,68223,98921,5930
31 Dec 21159,45826,12820,2590
30 Sep 21145,64622,95019,7520
30 Jun 21140,81820,69519,3930
31 Mar 21141,08720,98919,5990
31 Dec 20130,08017,77620,5560
30 Sep 20129,65717,22220,5320
30 Jun 20125,18816,67120,6280
31 Mar 20129,67718,23920,7470
31 Dec 19110,50113,77719,4190
30 Sep 19115,10816,70619,8480
30 Jun 19121,56219,08619,4660
31 Mar 19121,64218,86418,9510
31 Mar 18104,00814,31717,8760
31 Mar 1786,68315,23615,5940
31 Mar 1673,53813,37412,6730
31 Mar 1569,90211,97213,2840

Quality Earnings: BEL has high quality earnings.

Growing Profit Margin: BEL's current net profit margins (23%) are higher than last year (20.2%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: BEL's earnings have grown significantly by 23.4% per year over the past 5 years.

Accelerating Growth: BEL's earnings growth over the past year (29.8%) exceeds its 5-year average (23.4% per year).

Earnings vs Industry: BEL earnings growth over the past year (29.8%) exceeded the Aerospace & Defense industry 29.8%.


Return on Equity

High ROE: BEL's Return on Equity (27.5%) is considered high.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/13 18:24
End of Day Share Price 2025/08/13 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

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.

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 Github.

Analyst Sources

Bharat Electronics Limited is covered by 51 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
Nishit MasterAnand Rathi Shares and Stock Brokers Limited
Santosh YellapuAngel Broking Private Limited
null nullAntique Stockbroking Ltd.