Bharat Electronics Ltd (BEL) — shareholding pattern, promoter holding, financials and share price
About Bharat Electronics Ltd (BEL)
Bharat Electronics Ltd operates in the Aerospace & Defense industry, within the Capital Goods sector. It trades on the NSE as BEL and on the BSE under scrip code 500049. Its ISIN is INE263A01024.
Incorporated in 1954, Bharat Electronics Ltd manufactures and supplies electronic equipment and systems to the defence sector. Company also has a limited presence in the civilian market [1]
Bharat Electronics Limited (BEL) primarily designs, manufactures, and supplies electronic equipment for defense services. As a Navratna PSU, its core business revolves around defense electronics, with minimal but growing presence in civilian markets.
BEL reported a stellar Q3 of FY 2026 with a 19% revenue growth over the same period last year, amounting to INR 17,302 crores, highlighting robust performance and operational efficiency.
Listed peers in Aerospace & Defense: Hindustan Aeronautics Ltd, Bharat Dynamics Ltd, Garden Reach Shipbuilders & Engineers Ltd, Data Patterns (India) Ltd, MTAR Technologies Ltd, Astra Microwave Products Ltd.
Valuation & Returns
10 Jul 2026At ₹414.85 a share on 10 Jul 2026, Bharat Electronics Ltd (BEL) was valued at a price-to-earnings ratio of 50.34x against an industry P/E of 46.65x and a price-to-book of 15.18x on a book value of ₹27.32 per share as of Mar 2025. Solomo computes return on equity of 30.16% and return on capital employed of 40.23% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 50.34x
- Industry P/E
- 46.65x
- P/B
- 15.18x
- EPS (TTM)
- ₹8.24
- Book value / share
- ₹27.32
- ROE
- 30.16%
- ROCE
- 40.23%
- ROA
- 14.75%
- Debt / equity
- 0x
- Dividend yield
- 0.58%
- EBITDA margin
- 31.2%
- 52-week range
- ₹361.05 – ₹473.25
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Bharat Electronics Ltd (BEL) reported revenue of ₹27,610 crore, net profit of ₹6,062 crore and earnings per share of ₹8.29. That compares with revenue of ₹23,769 crore and net profit of ₹5,323 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹10,224 crore and net profit ₹2,226 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 15,368 | 17,734 | 20,268 | 23,769 | 27,610 |
| Net profit (₹ cr) | 2,400 | 2,986 | 3,985 | 5,323 | 6,062 |
| EPS (₹) | 3.28 | 4.08 | 5.45 | 7.28 | 8.29 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 13.29% | 12.86% | 15.60% | 17.27% |
| Profit growth | 16.80% | 24.14% | 31.06% | 34.09% |
| Stock price CAGR | 27% | 47% | 47% | 0% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 51.14% of Bharat Electronics Ltd (BEL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 18.02% and domestic institutional investors (DII) hold 21.02%. Market capitalisation was ₹3,03,246 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER I (VARIOUS SCHEMES) 2.29%, KOTAK FLEXICAP FUND - VARIOUS SCHEMES 2.26%, SBI NIFTY 50 ETF - VARIOUS SCHEMES 2.13%, CPSE EXCHANGE TRADED SCHEME - VARIOUS SCHEMES 2.04%, HDFC MUTUAL FUND - VARUOUS SCHEMES 1.31%, LIFE INSURANCE CORPORATION OF INDIA (VARIOUS SCHEMES) 1.13%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 51.14% | - | 18.02% | 21.02% | 48.86% |
| Mar 2026 | 51.14% | - | 19.5% | 19.99% | 48.86% |
| Dec 2025 | 51.14% | - | 18.51% | 20.48% | 48.86% |
| Sep 2025 | 51.14% | - | 18.15% | 20.88% | 48.86% |
| Jun 2025 | 51.14% | - | 18.56% | 20.6% | 48.86% |
| Mar 2025 | 51.14% | - | 17.56% | 20.88% | 48.86% |
| Dec 2024 | 51.14% | - | 17.35% | 20.94% | 48.86% |
| Sep 2024 | 51.14% | - | 17.27% | 20.22% | 48.86% |