Bharat Electronics share price
NSE: BELBSE: 500049Aerospace & DefenseLarge Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹364.50.
- Next results date: the board meets on 30 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,64,614 Cr25th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 27 Jul 2026
- 43.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 11.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.69%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 27 Jul 2026
- 28.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 27 Jul 2026
- 31.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 91,78,91150.1% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 27 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,547 Crdown 45.75%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,055 Crdown 52.63%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 19.0%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Sep 2024Filed 25 Oct | Dec 2024Filed 30 Jan | Mar 2025Filed 12 Jun | Jun 2025Filed 28 Jul | Sep 2025Filed 31 Oct | Dec 2025Filed 28 Jan | Mar 2026Filed 19 May | Jun 2026Filed 27 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,605 | 5,771 | 9,150 | 4,440 | 5,792 | 7,154 | 10,224 | 5,547 |
| Net profit | 1,093 | 1,312 | 2,127 | 969 | 1,287 | 1,580 | 2,226 | 1,055 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 23.7% | 22.7% | 23.2% | 21.8% | 22.2% | 22.1% | 21.8% | 19.0% |
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 76% of 2,480 trading days over the last 10 years.
At or below today's level on 69% of 1,980 trading days since Oct 2018.
At or below today's level on 69% of 1,980 trading days since Oct 2018.
At or below today's level on 16% of 2,480 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +33.6% | +13.9% | +16.8% | 0.6% |
| 3 years | +61.0% | +26.6% | +26.5% | 0.8% |
| 5 years | +58.5% | +23.6% | +27.2% | 1.3% |
Mutual funds holding it
481 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 200 of the 259 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 5 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 148
- CutCut. Funds that held fewer shares than at the end of the month before.
- 111
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 213
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 6
| Fund | |||
|---|---|---|---|
 CPSE ETFNippon India Mutual Fund | 9,69,41,098 | 20.19% | ₹3,764.2 Cr |
 Kotak Flexi Cap FundKotak Mahindra Mutual Fund | 7,30,00,000 | 5.34% | ₹2,834.6 Cr |
 SBI Nifty 50 ETFSBI Mutual Fund | 6,94,62,874 | 1.33% | ₹2,697.2 Cr |
| SBI BSE Sensex ETFSBI Mutual Fund | 4,81,29,058 | 1.62% | ₹1,876.3 Cr |
 HDFC Defence FundHDFC Mutual Fund | 4,40,00,130 | 14.87% | ₹1,708.5 Cr |
| Kotak Mid Cap FundKotak Mahindra Mutual Fund | 3,35,87,745 | 1.96% | ₹1,304.2 Cr |
| Kotak Large & Mid Cap FundKotak Mahindra Mutual Fund | 2,80,00,000 | 3.56% | ₹1,087.2 Cr |
 Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | 2,79,42,349 | 19.97% | ₹1,085.0 Cr |
 UTI Nifty 50 ETFUTI Mutual Fund | 2,38,22,053 | 1.33% | ₹925.0 Cr |
| UTI BSE Sensex ETFUTI Mutual Fund | 2,26,78,871 | 1.62% | ₹884.1 Cr |
Peers and competitors
Aerospace & Defense, 35 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Bharat Electronics in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Hindustan AeronauticsHAL | 3,15,996 | 33.9 | 7.7 | 26.9 | +7.4% | +12.2% | 24.5% | 20.8% | 0.95% |
 Bharat DynamicsBDL | 37,298 | 71.6 | 8.8 | 92.6 | −18.7% | −7.1% | 12.6% | 6.4% | 0.48% |
 Garden Reach Shipbuilders & EngineersGRSE | 21,318 | 26.6 | 8.1 | 21.5 | +39.6% | +42.9% | 34.0% | 29.8% | 1.05% |
 Data Patterns (India)DATAPATTNS | 21,230 | 79.2 | 12.2 | 56.6 | +33.8% | +24.9% | 16.5% | 20.2% | 0.26% |
 AequsAEQUS | 15,798 | – | 10.6 | – | – | – | – | – | 0.00% |
 Sigma Advanced SystemsSIGMAADV | 14,839 | – | – | – | – | – | – | 13.0% | 0.00% |
 Astra Microwave ProductsASTRAMICRO | 14,099 | 74.6 | 10.7 | 43.4 | +4.0% | +16.3% | 15.7% | 17.4% | 0.16% |
 Apollo Micro SystemsAPOLLO | 13,926 | 114.5 | 10.6 | 61.9 | +69.1% | +83.0% | 12.7% | 11.2% | 0.07% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 13 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.55 |
| 6 Mar 2026 | Interim | ₹1.95 |
| 14 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.90 |
| 11 Mar 2025 | Interim | ₹1.50 |
| 14 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.80 |
| 22 Mar 2024 | Interim | ₹0.70 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
13 Oct · Business
Sep 2026
30 Sep · General Updates
17 Sep · Business
Bharat Electronics share price by year
Each calendar year to 2025.Bharat Electronics share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 399.60 | +36.3% | 432.25 | 244.60 |
| 2024 | 293.15 | +59.1% | 335.50 | 174.65 |
| 2023 | 184.20 | +84.4% | 184.20 | 88.95 |
| 2022 | 99.90 | +42.7% | 112.85 | 62.62 |
| 2021 | 69.98 | +75.0% | 74.53 | 39.75 |
| 2020 | 39.98 | +19.9% | 40.42 | 19.48 |
| 2019 | 33.35 | +13.8% | 40.13 | 24.83 |
| 2018 | 29.32 | −51.7% | 61.35 | 25.30 |
| 2017 | 60.72 | +45.7% | 63.00 | 41.38 |
| 2016 | 41.67 | +0.3% | 45.71 | 31.21 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 366.00 | 366.45 | 354.55 | 362.00 | 358.42 | 91,78,911 | 50.1% |
| 22 Oct 2026 | 369.55 | 369.55 | 361.70 | 364.50 | 365.25 | 81,79,108 | 41.8% |
| 21 Oct 2026 | 377.20 | 377.80 | 366.80 | 371.20 | 371.07 | 84,15,231 | 57.7% |
| 19 Oct 2026 | 376.00 | 380.50 | 374.55 | 377.20 | 377.06 | 54,19,051 | 50.5% |
| 16 Oct 2026 | 380.40 | 381.15 | 376.70 | 376.85 | 378.77 | 91,43,278 | 59.2% |
| 15 Oct 2026 | 380.45 | 382.50 | 377.30 | 380.40 | 380.41 | 91,00,694 | 53.6% |
| 14 Oct 2026 | 383.50 | 383.85 | 379.05 | 382.35 | 381.17 | 97,09,173 | 54.5% |
| 13 Oct 2026 | 373.00 | 380.00 | 369.40 | 380.00 | 376.13 | 80,41,157 | 54.5% |
| 12 Oct 2026 | 370.00 | 375.20 | 370.00 | 373.90 | 373.16 | 84,28,541 | 52.3% |
| 9 Oct 2026 | 367.30 | 371.40 | 360.50 | 368.15 | 366.59 | 1,71,98,740 | 64.9% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 15 Sep 2022 | Bonus | 0.3333 | Holders received 2 bonus shares for every 1 held. |
| 28 Sep 2017 | Bonus | 0.9091 | Holders received 1 bonus share for every 10 held. |
| 16 Mar 2017 | Split | 0.1000 | Each share became 10. |
| 14 Sep 2015 | Bonus | 0.3333 | Holders received 2 bonus shares for every 1 held. |
About Bharat Electronics
Bharat Electronics Limited (BEL) designs, develops, manufactures and sells electronic products and systems, primarily for India's defence sector. Its customers include the Indian Armed Forces (Army, Navy and Air Force), paramilitary forces, the Coast Guard, government agencies, public sector companies, private companies, original equipment manufacturers and foreign governments. Its products reach all 28 states and 8 union territories of India. It also installs, repairs and maintains the systems it has delivered, and services them under maintenance and upgrade contracts.
Its portfolio includes radars and fire control systems, weapon systems, communication and network-centric systems, electronic warfare and avionics, anti-submarine warfare systems, electro-optics, tank electronics, strategic components and homeland security solutions. It has also extended its technology to civil aviation, railways and metro systems, space electronics, artificial intelligence, cyber security, medical electronics, smart cities and unmanned systems. It developed and deployed electronic voting machines (EVMs) and voter-verified paper audit trails (VVPATs).
BEL has nine manufacturing units, in Bengaluru, Ghaziabad, Pune, Machilipatnam, Panchkula, Chennai, Kotdwar, Hyderabad and Navi Mumbai. Its registered and corporate office is in Bengaluru, and it has overseas offices in the USA (New York) and ASEAN countries.
BEL was established in 1954 under the Ministry of Defence and is a Government of India enterprise. The Central Government holds just over half of its shares. It has two subsidiaries: BEL Optronic Devices Limited, which is wholly owned and manufactures image intensifiers, and BEL-THALES Systems Limited, in which BEL holds 74 per cent. It also holds 26 per cent of GE BE Private Limited, an associate company.
- Legal name
- Bharat Electronics Limited
- NSE symbol
- BEL
- BSE code
- 500049
- ISIN
- INE263A01024
- Industry
- Aerospace & Defense
- Listed
- Mar 1993 on BSE, Jul 2000 on NSE
- Face value
- ₹1
- CIN
- L32309KA1954GOI000787
- Corporate identity number, the registrar of companies' code for it