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Markets / Nifty 50 / Capital Goods

Price

Daily closing prices, adjusted for bonuses and splits

Returns against the Nifty 50

Return1W1M3M6M1Y3Y5Y
BEL+9.5%+3.4%+2.1%−9.2%−4.1%+192.8%+491.6%
Nifty 50+5.6%+6.2%−2.7%−1.5%−6.4%+24.6%+33.7%

Price returns, without dividends. Source: NSE end-of-day data.

Check-up

Where BEL sits against the Nifty 50 and its industry. Facts, not advice.

Price return

−4.13%

Over 1 year. The Nifty 50 returned −6.40%, so BEL beat it by 2.3 percentage points.

Valuation (PE)

45.5

Price is 45.5 times the last four quarters' earnings per share, higher than the Nifty 50's PE of 19.8.

Growth

+26.5%

Revenue in Q2 FY27 compared with the same quarter a year earlier. Net profit changed +19.6%.

Profitability (ROE)

24.4%

Profit over the last four quarters as a share of shareholders' equity. Net margin is 21.2%.

Debt

0.00×

Borrowings are 0.00 times shareholders' equity (latest balance sheet, 30 Sep 2026).

Volatility

1.85×

Daily price moves over the last year were 1.85 times as large as the Nifty 50's (annualised volatility 25.6%).

What the latest numbers show

Calculated by stockER from the company's filings and NSE data.

Positives 3

  • Revenue up 26.5% from a year ago₹7,328 cr in Q2 FY27, against ₹5,792 cr in Q2 FY26.
  • Net profit up 19.7% from a year ago₹1,540 cr in Q2 FY27, against ₹1,287 cr in Q2 FY26.
  • Operating cash flow of ₹1,541 crCash generated by the business in the year to 31 Mar 2026.

Watch points 2

  • Net margin narrowed to 21.0%From 22.2% in Q2 FY26.
  • Foreign institutional holding down 1.17 points in a year16.98% on 30 Sep 2026, from 18.15%.

Financials

Consolidated results as filed with NSE. ₹ crore unless stated.

Revenue

Net profit

EPS (₹)

₹ croreQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Revenue from operations5,7719,1504,4405,7927,15410,2245,5477,328
Other income186195163154139110170187
Total expenses4,2136,4773,3244,2185,1647,4174,3205,461
EBITDA1,8563,0111,4021,8562,2663,0921,5582,228
Depreciation111138121126135173161171
Finance cost16122213
PBIT1,7452,8731,2811,7302,1302,9191,3972,057
Profit before tax1,7442,8671,2791,7282,1282,9171,3962,054
Tax442746319450558703352523
Net profit1,3122,1279691,2871,5802,2261,0551,540
EPS (₹)1.792.911.331.762.163.041.442.11

EBITDA here is profit before tax plus finance cost and depreciation. Annual figures add up the four quarters of each financial year. Source: company filings on NSE (XBRL).

Peers

Capital Goods companies in the Nifty 50 (no other Nifty 50 company is in this industry).

CompanyPriceMarket capPEPBROEDiv. yield1Y return
Bharat Electronics Ltd.BEL₹398.00₹2.91 lakh cr45.511.0824.4%0.63%−4.1%

Price comparison

Change in price from the start of the period

BELNifty 50

Shareholding

Who owns the company, from quarterly filings.

Pattern on 30 Sep 2026

Promoters
51.14%
Foreign institutions
16.98%
Mutual funds
14.90%
Other domestic institutions
6.98%
Retail and others
10.00%
Promoter holding steady0.00 points over the last 2 quarters, now 51.14%.
Foreign institutional holding down2.52 points over the last 2 quarters, now 16.98%.
Mutual fund holding up0.62 points over the last 2 quarters, now 14.90%.

Retail and others is what remains after promoters and institutions. Source: shareholding pattern filings on NSE.

Events

Dividends, bonuses and splits from NSE's corporate actions.

Dividend paid in 5 of the last 5 calendar years (2022–2026)Over the last 12 months: ₹2.50 per share (adjusted for bonuses and splits), a yield of 0.63% at today's price.

Past dividends

Dividend
Dividend - Re 0.55 Per SharePer share
₹0.55Ex-date
13 Aug 2026
Interim dividend
Interim Dividend - Rs 1.95 Per SharePer share
₹1.95Ex-date
6 Mar 2026
Dividend
Dividend - Rs 0.90 Per SharePer share
₹0.90Ex-date
14 Aug 2025
Interim dividend
Interim Dividend - Rs 1.5 Per SharePer share
₹1.50Ex-date
11 Mar 2025
Dividend
Annual General Meeting/Dividend - Re 0.80 Per SharePer share
₹0.80Ex-date
14 Aug 2024
Interim dividend
Interim Dividend - Re 0.70 Per SharePer share
₹0.70Ex-date
22 Mar 2024
Interim dividend
Interim Dividend - Re 0.70 Per SharePer share
₹0.70Ex-date
9 Feb 2024
Dividend
Annual General Meeting/Dividend - Re 0.60 Per SharePer share
₹0.60Ex-date
17 Aug 2023

Bonuses, splits and other actions

Bonus 2:1Ex-date
15 Sep 2022

Filings and updates

The company's own announcements to NSE: results, dividends, presentations and board decisions.

Annual report 2025–26Open (PDF / ZIP)
Annual report 2024–25Open (PDF / ZIP)
Annual report 2023–24Open (PDF / ZIP)
Annual report 2022–23Open (PDF / ZIP)
Annual report 2021–22Open (PDF / ZIP)
Analysts/Institutional Investor Meet/Con3 Nov 2026
Open PDF
Analysts/Institutional Investor Meet/Con27 Oct 2026
Open PDF
Analysts/Institutional Investor Meet/Con28 Jul 2026
Open PDF
Analysts/Institutional Investor Meet/Con. Call Updates3 Nov 2026 · 21:48

Bharat Electronics Limited has informed the Exchange about Link of Recording

Copy of Newspaper Publication31 Oct 2026 · 20:53

Bharat Electronics Limited has informed the Exchange about Copy of Newspaper Publication of Financial Results.

Outcome of Board Meeting30 Oct 2026 · 17:02

Bharat Electronics Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.

Analysts/Institutional Investor Meet/Con. Call Updates27 Oct 2026 · 16:51

Bharat Electronics Limited has informed the Exchange about Schedule of meet

Press Release21 Oct 2026 · 18:16

Bharat Electronics Limited has informed the Exchange regarding a press release dated October 21, 2026, titled "BEL receives orders worth Rs. 1011 Crore".

Appointment11 Sep 2026 · 17:15

Bharat Electronics Limited has informed the Exchange regarding Appointment of M/s Rao & Emmar, Chartered Accountants as Statutory Auditors. of the company for FY 2026-27

Updates8 Sep 2026 · 15:50

Bharat Electronics Limited has informed the Exchange regarding 'Intimation of Payment Date Final Dividend for the Financial Year 2025-26.'.

Appointment18 Aug 2026 · 18:16

Bharat Electronics Limited has informed the Exchange regarding Appointment of Shri. Partha Pratim Pathak as Independent Director of the company w.e.f. August 18, 2026.

Change in Director(s)13 Aug 2026 · 17:48

Bharat Electronics Limited has informed the Exchange regarding Change in Director(s) of the company.

Record Date5 Aug 2026 · 21:02

Bharat Electronics Limited has informed the Exchange that Record date for the purpose of Final Dividend is 13-Aug-2026, if declared at the AGM.

Analysts/Institutional Investor Meet/Con. Call Updates28 Jul 2026 · 14:03

Bharat Electronics Limited has informed the Exchange about Transcript

Outcome of Board Meeting27 Jul 2026 · 16:06

Bharat Electronics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026 and approval for increase in Authorised Share Capital.

Frequently asked questions

What is the share price of Bharat Electronics Ltd. (BEL)?

BEL closed at ₹398.00 on NSE on 4 Nov 2026, +4.71% on the day. stockER shows end-of-day prices, updated after the market closes.

What is the market cap of BEL?

₹2.91 lakh cr, based on 730.98 crore shares and the latest closing price. That makes it #27 by size in the Nifty 50.

What are the PE and PB ratios of BEL?

PE 45.47 on earnings per share of ₹8.75 over the last four quarters; PB 11.08 on the latest reported equity.

What is the 52-week high and low of BEL?

High ₹473.45 on 6 Mar 2026, low ₹354.55 on 23 Oct 2026 (adjusted for bonuses and splits).

What is the dividend yield of BEL?

0.63%: dividends of ₹2.50 per share with ex-dates in the last 12 months, divided by the latest price.

What return has BEL given?

1 year −4.1%, 3 years +192.8%, 5 years +491.6% (price only, dividends not included).

Which sector is BEL in?

NSE classifies Bharat Electronics Ltd. under Capital Goods.

Who owns BEL?

On 30 Sep 2026, promoters held 51.14% and the public 48.86%.

How can I buy BEL shares?

Through a SEBI-registered stockbroker with a demat and trading account. stockER is an information site only: it doesn't sell shares or recommend buying or selling any of them.