Bharat Electronics Ltd
NSE:BEL

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Bharat Electronics Ltd Logo
Bharat Electronics Ltd
NSE:BEL
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Price: 406.9 INR -0.06% Market Closed
Market Cap: 3T INR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+47%
5Y
+94%
10Y
-
Operating Income
+
3Y
+105%
5Y
+209%
10Y
-
Net Income
+
3Y
+108%
5Y
+231%
10Y
-

Earnings Waterfall
Bharat Electronics Ltd

Revenue
251.5B INR
Cost of Revenue
-126.4B INR
Gross Profit
125.1B INR
Operating Expenses
-55.8B INR
Operating Income
69.3B INR
Other Expenses
-12.3B INR
Net Income
57B INR

Income Statement
Bharat Electronics Ltd

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Income Statement
Currency: INR
Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
120
0
0
0
75
0
0
0
105
0
0
0
0
0
0
0
3
0
0
0
3
0
0
0
32
0
0
0
37
0
0
0
42
0
0
0
0
0
0
Revenue
24 659
N/A
28 523
+16%
28 803
+1%
29 966
+4%
28 794
-4%
27 955
-3%
30 387
+9%
31 147
+3%
33 434
+7%
21 324
-36%
55 262
+159%
82 649
+50%
121 642
+47%
121 562
0%
115 107
-5%
110 501
-4%
129 677
+17%
125 188
-3%
129 657
+4%
130 080
+0%
141 087
+8%
140 818
0%
145 647
+3%
159 460
+9%
153 682
-4%
168 602
+10%
171 437
+2%
175 951
+3%
177 344
+1%
181 268
+2%
181 742
+0%
181 833
+0%
202 682
+11%
209 789
+4%
215 747
+3%
231 832
+7%
237 688
+3%
239 649
+1%
251 521
+5%
Gross Profit
Cost of Revenue
(14 789)
0
0
0
(15 816)
0
0
0
(18 606)
(11 227)
(27 417)
(40 101)
(60 002)
(58 852)
(57 221)
(57 282)
(71 441)
(68 572)
(71 513)
(70 596)
(80 389)
(79 576)
(82 773)
(92 887)
(89 538)
(97 627)
(99 281)
(101 535)
(98 848)
(99 970)
(98 056)
(95 176)
(106 368)
(109 012)
(109 994)
(118 492)
(122 508)
(119 482)
(126 449)
Gross Profit
9 870
N/A
0
N/A
0
N/A
0
N/A
12 978
N/A
0
N/A
0
N/A
0
N/A
14 828
N/A
10 098
-32%
27 846
+176%
42 549
+53%
61 640
+45%
62 710
+2%
57 887
-8%
53 220
-8%
58 235
+9%
56 617
-3%
58 144
+3%
59 484
+2%
60 698
+2%
61 241
+1%
62 872
+3%
66 570
+6%
64 144
-4%
70 973
+11%
72 155
+2%
74 416
+3%
78 496
+5%
81 298
+4%
83 687
+3%
86 657
+4%
96 314
+11%
100 777
+5%
105 753
+5%
113 341
+7%
115 180
+2%
120 167
+4%
125 072
+4%
Operating Income
Operating Expenses
(6 345)
(24 435)
(24 491)
(25 546)
(8 402)
(24 111)
(25 988)
(26 440)
(8 629)
(7 651)
(17 584)
(25 449)
(35 759)
(36 808)
(35 224)
(34 745)
(34 213)
(34 936)
(35 733)
(36 159)
(32 443)
(33 805)
(33 096)
(33 047)
(34 732)
(37 072)
(38 312)
(40 311)
(41 657)
(43 322)
(44 240)
(45 134)
(49 301)
(51 975)
(53 123)
(54 775)
(51 485)
(53 734)
(55 770)
Selling, General & Administrative
(6 089)
0
0
0
(7 719)
0
0
0
(7 845)
(4 764)
(9 493)
(14 477)
(29 049)
(19 467)
(19 847)
(19 418)
(29 314)
(20 627)
(20 532)
(20 556)
(26 881)
(19 394)
(19 752)
(20 259)
(28 386)
(22 097)
(22 729)
(23 366)
(34 162)
(23 650)
(23 631)
(24 157)
(41 127)
(25 274)
(25 849)
(26 319)
(45 457)
(27 905)
(29 023)
Depreciation & Amortization
(553)
(618)
(630)
(667)
(682)
(637)
(663)
(677)
(784)
(742)
(1 539)
(2 387)
(3 381)
(3 523)
(3 638)
(3 707)
(3 719)
(3 775)
(3 830)
(3 911)
(3 873)
(3 908)
(3 935)
(3 919)
(4 011)
(4 030)
(4 131)
(4 210)
(4 288)
(4 385)
(4 373)
(4 386)
(4 432)
(4 419)
(4 449)
(4 483)
(4 674)
(4 805)
(4 958)
Other Operating Expenses
297
(23 816)
(23 860)
(24 878)
0
(23 476)
(25 327)
(25 765)
0
(2 145)
(6 553)
(8 586)
(3 329)
(13 819)
(11 739)
(11 620)
(1 179)
(10 534)
(11 372)
(11 693)
(1 690)
(10 504)
(9 409)
(8 869)
(2 335)
(10 943)
(11 450)
(12 733)
(3 206)
(15 287)
(16 237)
(16 590)
(3 742)
(22 282)
(22 825)
(23 973)
(1 354)
(21 024)
(21 789)
Operating Income
3 525
N/A
4 088
+16%
4 312
+5%
4 420
+3%
4 577
+4%
3 844
-16%
4 399
+14%
4 708
+7%
6 199
+32%
2 446
-61%
10 261
+320%
17 099
+67%
25 880
+51%
25 903
+0%
22 663
-13%
18 475
-18%
24 023
+30%
21 680
-10%
22 411
+3%
23 325
+4%
28 255
+21%
27 437
-3%
29 777
+9%
33 524
+13%
29 412
-12%
33 902
+15%
33 844
0%
34 106
+1%
36 840
+8%
37 975
+3%
39 446
+4%
41 524
+5%
47 014
+13%
48 802
+4%
52 630
+8%
58 565
+11%
63 694
+9%
66 433
+4%
69 302
+4%
Pre-Tax Income
Interest Income Expense
(120)
(103)
(84)
(66)
(75)
(50)
(49)
(41)
(105)
(8)
(9)
(13)
688
(122)
(133)
(130)
740
(33)
(24)
(27)
1 197
(64)
(66)
(64)
2 237
(60)
(73)
(168)
2 719
(150)
(147)
(56)
6 547
(73)
(71)
(79)
7 316
(99)
(103)
Non-Reccuring Items
(76)
0
0
0
(578)
0
0
0
0
0
0
0
(187)
0
0
0
0
0
0
0
(8)
0
0
0
0
0
0
0
(249)
0
0
0
(967)
0
0
0
(13)
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
3
0
0
0
8
0
0
0
3
0
0
0
2
0
0
0
12
0
0
0
5
0
0
0
15
0
0
0
70
0
0
0
26
0
0
Total Other Income
533
564
676
755
917
945
959
1 033
1 165
77
180
372
(100)
911
923
1 065
19
900
1 060
961
(38)
1 538
1 887
2 251
9
2 684
2 798
2 785
(95)
3 388
4 021
5 109
(2)
7 335
7 542
7 732
(33)
7 021
6 983
Pre-Tax Income
3 862
N/A
4 550
+18%
4 905
+8%
5 110
+4%
4 843
-5%
4 739
-2%
5 309
+12%
5 699
+7%
7 267
+28%
2 514
-65%
10 430
+315%
17 456
+67%
26 283
+51%
26 691
+2%
23 453
-12%
19 410
-17%
24 784
+28%
22 547
-9%
23 447
+4%
24 260
+3%
29 418
+21%
28 912
-2%
31 599
+9%
35 712
+13%
31 662
-11%
36 527
+15%
36 571
+0%
36 724
+0%
39 229
+7%
41 214
+5%
43 320
+5%
46 577
+8%
52 662
+13%
56 064
+6%
60 101
+7%
66 218
+10%
70 990
+7%
73 354
+3%
76 182
+4%
Net Income
Tax Provision
(1 256)
(1 452)
(1 572)
(1 626)
(1 540)
(1 532)
(1 709)
(1 958)
(2 410)
(719)
(2 937)
(4 922)
(7 803)
(7 947)
(7 055)
(5 927)
(6 858)
(6 204)
(6 496)
(6 733)
(8 724)
(8 561)
(9 108)
(10 074)
(8 118)
(9 552)
(9 547)
(9 519)
(9 826)
(10 085)
(10 532)
(11 339)
(13 231)
(14 109)
(15 115)
(16 700)
(18 119)
(18 686)
(19 568)
Income from Continuing Operations
2 606
3 098
3 334
3 485
3 303
3 208
3 601
3 742
4 857
1 795
7 493
12 535
18 480
18 746
16 400
13 483
17 926
16 341
16 949
17 525
20 693
20 349
22 489
25 637
23 545
26 975
27 023
27 204
29 404
31 128
32 787
35 238
39 431
41 955
44 987
49 518
52 872
54 668
56 614
Income to Minority Interest
0
0
0
0
(1)
0
0
0
(3)
0
0
0
(3)
(3)
(7)
(9)
(9)
(9)
(8)
(11)
(8)
(10)
(9)
(7)
(14)
(21)
(26)
(28)
(18)
(13)
(10)
(12)
(7)
(9)
(9)
(8)
(12)
(1)
8
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
90
211
325
386
344
314
303
321
338
280
261
304
355
468
496
458
446
396
389
459
457
451
468
421
424
423
405
355
336
335
Net Income (Common)
2 606
N/A
3 097
+19%
3 333
+8%
3 484
+5%
3 302
-5%
3 208
-3%
3 601
+12%
3 742
+4%
4 542
+21%
1 884
-59%
7 703
+309%
12 858
+67%
18 864
+47%
19 086
+1%
16 706
-12%
13 778
-18%
18 239
+32%
16 671
-9%
17 222
+3%
17 776
+3%
20 989
+18%
20 696
-1%
22 951
+11%
26 129
+14%
23 989
-8%
27 403
+14%
27 395
0%
27 566
+1%
29 844
+8%
31 572
+6%
33 229
+5%
35 694
+7%
39 845
+12%
42 370
+6%
45 401
+7%
49 915
+10%
53 214
+7%
55 004
+3%
56 957
+4%
EPS (Diluted)
0.33
N/A
0.4
+21%
0.43
+7%
0.45
+5%
0.42
-7%
0.41
-2%
0.46
+12%
0.47
+2%
0.57
+21%
0.26
-54%
1.06
+308%
1.77
+67%
2.58
+46%
2.59
+0%
2.29
-12%
1.88
-18%
2.5
+33%
2.27
-9%
2.35
+4%
2.43
+3%
2.87
+18%
2.83
-1%
3.13
+11%
3.57
+14%
3.28
-8%
3.75
+14%
3.76
+0%
3.73
-1%
4.08
+9%
4.33
+6%
4.55
+5%
4.85
+7%
5.45
+12%
5.79
+6%
6.21
+7%
6.83
+10%
7.28
+7%
7.53
+3%
7.79
+3%

See Also

Summary
BEL intrinsic value, competitors valuation, and company profile.
DCF Valuation
BEL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BEL stock valuation using valuation multiples.
Wall Street Estimates
BEL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BEL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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