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Intrinsic Value

The intrinsic value of Bharat Electronics Ltd (500049) under the Base Case is 405.87 INR per share. Compared with the current market price of 367 INR, the stock appears Undervalued by 10% .

The intrinsic value is calculated using the DCF method.

Do our valuations actually work? See backtest results .

BEL Intrinsic Value
₹405.87
Undervaluation 10%
Intrinsic Value
Price ₹367

BEL is valued in line with its history. A discount of this size has been typical over the past 5 years.

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20% below Intrinsic Value ₹324.7
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Intrinsic Value ₹405.87
Current Price ₹367
Margin of Safety 20% ₹324.7
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Fundamental Analysis

What Bharat Electronics Does

Aerospace & Defense Industrials

Bharat Electronics Ltd. makes electronic systems for India’s defense forces. It designs and builds radar, communication gear, electronic warfare equipment, sonars, missile systems, and other mission-critical devices used on ships, aircraft, vehicles, and in command centers. The company also supports these systems after delivery with testing, upgrades, repair, and long-term service.

Headquarters
India IN
Employees
11 199
IPO date
Nov 9, 1994
Read the full company overview
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Bharat Electronics has a narrow economic moat

No Moat Narrow Wide

Replacing BEL equipment within an existing military system can require costly integration work, fresh testing and retraining, making it easier to keep BEL for support and upgrades. Its contracts for SHAKTI software upgrades and long-term equipment support illustrate this protection, which is strongest on systems already in service.

Read the full moat analysis
Financials
Efficiency

Earnings Waterfall
Bharat Electronics Ltd

Wall St Price Targets

Capital Returns

Competitive Landscape

What is the Intrinsic Value of one BEL stock?

The intrinsic value for Bharat Electronics Ltd (500049) under the Base Case is 405.87 INR.

Is BEL stock undervalued or overvalued?

Compared with the current market price of 367 INR, the stock appears Undervalued by 10% .

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