Bharat Electronics Ltd.
Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. The company's 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, upgrades, shelters and masts, simulators, batteries, components and devices, fuzes and unmanned systems; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and micro-electro mechanical systems, such as pressure transducers, and conductivity temperature and depth sensors. Its non-defense products comprise e-governance systems, homeland security products, civilian radars, and telecom and broadcast systems; integrated traffic management systems, real time train information systems, and solar power solutions; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, and multichannel voice logging recorder systems. It also provides electronic manufacturing services, including PCB assembly and testing, precision fabrication, microwave integrated circuit assemblies, super components modules, cable assemblies, and antennae manufacturing services; designs and manufactures transformers, coils, chokes, and sub-assemblies; and software services. In addition, the company offers cyber security products, such as data diodes and secure storage products; EV charging stations; and platform screen doors. Further, the company provides security architecture conceptualization and consulting, and information security audit services. It exports its products to the United States, France, Spain, the United Kingdom, Mauritius, Seychelles, Mauritius, the Republic of Armenia, Sri Lanka, Sweden, and Israel. Bharat Electronics Limited was incorporated in 1954 and is headquartered in Bengaluru, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 17.5%
Concerns1
- Negative free cash flow (₹467 Cr)
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (₹ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (₹ Crores, last 1 year)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | ₹23.66 K Cr | — | ₹5.29 K Cr | — | — | 26.8% | 17.3% | 31.5% |
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Financial Statements
Income statement, balance sheet, and cash flow (₹ Crores, as reported)
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Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 25,056 |
| Total Expenses | 17,679 |
| EBIT / Operating Profit | 7,378 |
| OPM % | 29% |
| Other Income | 722 |
| Finance Costs | 10 |
| Depreciation & Amortisation | 464 |
| Profit Before Tax | 7,625 |
| Tax % | - |
| Net Profit / PAT | 5,676 |
| EPS (₹) | 7.77 |
| Dividend Payout % | - |
Peer Comparison
Technology sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Bharat Electronics Ltd.this co. | ₹3.02 L Cr | ₹23.66 K Cr | 53.30 | 14.23 | 51.32 | 17.3% |
| Bharti Airtel Ltd. | ₹12.19 L Cr | ₹1.09 L Cr | 50.40 | 8.31 | 27.19 | 15.8% |
| Tata Consultancy Services Ltd. | ₹11.84 L Cr | ₹2.15 L Cr | 24.20 | 13.91 | 18.91 | 6.2% |
| Infosys Ltd | ₹6.48 L Cr | ₹1.37 L Cr | 24.20 | 7.17 | 16.31 | 5.9% |
| HCL Technologies Ltd | ₹4.52 L Cr | ₹51.10 K Cr | 36.80 | 14.48 | — | 6.2% |
| Wipro Ltd. | ₹2.77 L Cr | ₹67.29 K Cr | 23.00 | 4.29 | 18.85 | 0.8% |
| LTIMindtree Limited | ₹1.81 L Cr | ₹36.68 K Cr | 37.70 | 8.05 | 26.35 | 7.1% |
| Industry Average | — | ₹10.05 K Cr | 69.99 | 8.58 | 66.75 | 22.0% |