About Bharat Electronics Limited
Data last updated: 26 September 2026
Bharat Electronics Limited is a public limited union government company based in Bangalore, Karnataka, India. It specialises in defence tech and equipment, a part of the broader aerospace, maritime and defence sector. Incorporated on 21 April 1954, the company has been in operation for over 72 years.
Registered with ROC Bangalore under CIN L32309KA1954GOI000787. Listed on BSE: 500049 and NSE: BEL.
Capital: an authorised share capital of ₹750 Cr and a paid-up capital of ₹730.98 Cr. It is led by directors including Manoj Jain and Binoy Kumar Das.
Last AGM: 28 August 2025. Financial statements filed for year ended 31 March 2025. Office: Outer Ring Road Nagavara Bangalore, Karnataka, India – 560045.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹27,610 Cr, a growth of 16.16% compared to the previous year. The net worth stands at ₹23,988 Cr (up 20.1% YoY). Total assets are valued at ₹25,270 Cr (up 19.92% YoY).
The company has a workforce of approximately 6,094 employees as per the latest available data. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands - Btkit, Bel. As per MCA filings, the company has open charges of ₹7,000 Cr and satisfied charges of ₹100 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bel-india.in.
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Registered AddressOuter Ring Road Nagavara Bangalore, Karnataka, India – 560045
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IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Bharat Electronics Limited
Bharat Electronics Limited operates two associated brands: BTKIT and BEL. These brands represent Bharat Electronics Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers undergraduate and postgraduate engineering courses in various disciplines. | kecua.ac.in | |
| Manufacturer of electronic products for the armed forces | bel-india.in |
Competitors & Alternatives of Bharat Electronics Limited
Brands and companies operating in the same space as Bharat Electronics Limited include Indian Institute Of Technology Kharagpur, Leidos, Moog and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Academic programs in engineering, technology, and research are provided. | Kharagpur, India, India | 1951 |
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Provider of healthcare IT solutions and defence components services | United States | 1969 |
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Solutions are specialized in space, defense, security, and surveillance sectors. | East Aurora, United States, United States | 1951 |
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Advanced electronic systems are manufactured for defence and aerospace applications. | Chennai, India, India | 1985 |
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Diversified operations are conducted across multiple industries by the conglomerate. | Velizy Villacoublay, France, France | 1817 |
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Public research university offering undergraduate and graduate programs across various disciplines | Mumbai, India, India | 1958 |
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Computer science engineering courses are offered by Kalvium college. | Bengaluru, India, India | 2021 |
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Multiple engineering courses and degrees are offered at the institute. | Kanpur, India, India | 1959 |
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Mission critical systems are provided by Ultra for defense sectors. | Greenford, United Kingdom, United Kingdom | 1920 |
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University offering multiple courses and degrees across engineering, science & technology streams | Bengaluru, India, India | 1909 |
Business Activity of Bharat Electronics Limited
Bharat Electronics Limited is engaged in the principal business activity of manufacturing, with detailed activities including computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details for Bharat Electronics Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Bharat Electronics Limited
Bharat Electronics Limited is audited by Guru and Jana for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Guru and Jana | Locked | Locked | Locked |
Complete auditor history for Bharat Electronics Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Bharat Electronics Limited
Bharat Electronics Limited is currently managed by 9 directors, with 90 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Manoj Jain
Also directs:
Bel Optronic Devices Limited, Defence Innovation Organisation
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Managing Director | 26 Sep 2022 | 4 Years 0 Months | Current |
| Binoy Kumar Das | Nominee Director | 04 Jul 2022 | 4 Years 2 Months | Current |
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Damodar Bhattad
Also directs:
Bel Optronic Devices Limited, Bel-Thales Systems Limited
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Whole-Time Director | 11 Jan 2023 | 3 Years 8 Months | Current |
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Meera Mohanty
Also directs:
Bharat Dynamics Limited
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Nominee Director | 16 Jul 2025 | 1 Years 2 Months | Current |
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Kamesh Kasana
Also directs:
Bel Optronic Devices Limited
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Whole-Time Director | 14 Jul 2025 | 1 Years 2 Months | Current |
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Harikumar Raghavan Nair
Also directs:
Bel-Thales Systems Limited
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Whole-Time Director | 02 May 2025 | 1 Years 4 Months | Current |
Financials of Bharat Electronics Limited FY 2025-26 filings available
Bharat Electronics Limited reported revenue of ₹27,610 Cr (up 16.16% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 27,610 | 23,769 | 20,268 | 17,734 | 15,368 | 14,109 | 12,968 |
| Revenue growth | +15.5% | +11.3% | +11.5% | +13.5% | +10.4% | +6.7% | +10.3% |
| EBITDA | 8,053 | 6,837 | 5,051 | 4,090 | 3,344 | 3,214 | 2,759 |
| EBITDA margin | +29.2% | +28.8% | +24.9% | +23.1% | +21.8% | +22.8% | +21.3% |
| Profit before tax | 8,053 | 7,099 | 5,266 | 3,923 | 3,166 | 2,942 | 2,478 |
| Net profit | 6,034 | 5,292 | 3,965 | 2,979 | 2,394 | 2,098 | 1,824 |
| Net profit margin | +21.9% | +22.3% | +19.6% | +16.8% | +15.6% | +14.9% | +14.1% |
| EPS (₹) | 8.29 | 7.28 | 5.45 | 4.08 | 9.85 | 8.61 | 7.49 |
| Balance sheet | |||||||
| Total assets | 25,270 | 21,072 | 17,497 | 14,924 | 14,329 | 12,661 | 11,491 |
| Net worth | 23,988 | 19,974 | 16,326 | 13,862 | 12,286 | 11,060 | 10,072 |
| Total debt | 65.46 | 61.23 | 62.51 | 61.34 | 52.70 | 2.52 | 8.33 |
| Cash & bank | 8,572 | 9,545 | 11,057 | 8,112 | 7,564 | 5,074 | 1,660 |
| Net working capital | 18,800 | 15,108 | 12,039 | 9,484 | 7,714 | 6,885 | 5,881 |
| Cash flow | |||||||
| Cash from operations | 1,541 | 564 | 4,659 | 1,199 | 4,207 | 5,093 | 2,570 |
| Cash from investing | 1,730 | 639 | (5,924) | 2,708 | (4,872) | (2,595) | (649) |
| Cash from financing | (2,097) | (1,696) | (1,475) | (1,262) | (1,078) | (1,076) | (1,061) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,547 | 10,224 | 7,154 | 5,792 | 4,440 | 9,150 | 5,771 | 4,605 |
| Revenue growth (YoY) | +24.9% | +11.8% | +24.0% | +25.8% | +4.6% | +6.8% | +38.7% | +14.9% |
| Other income | 170 | 110 | 139 | 154 | 163 | 195 | 186 | 158 |
| EBITDA | 1,388 | 2,982 | 2,127 | 1,702 | 1,238 | 2,816 | 1,669 | 1,400 |
| EBITDA margin | +25.0% | +29.2% | +29.7% | +29.4% | +27.9% | +30.8% | +28.9% | +30.4% |
| Depreciation | 161 | 173 | 135 | 126 | 121 | 138 | 111 | 111 |
| Interest | 1.16 | 1.61 | 2.03 | 1.65 | 1.44 | 5.86 | 1.32 | 1.32 |
| Profit before tax | 1,396 | 2,917 | 2,128 | 1,728 | 1,279 | 2,867 | 1,744 | 1,445 |
| Tax | 352 | 703 | 558 | 450 | 319 | 746 | 442 | 361 |
| Net profit | 1,044 | 2,214 | 1,570 | 1,278 | 961 | 2,121 | 1,301 | 1,084 |
| EPS (₹) | 1.44 | 3.04 | 2.16 | 1.76 | 1.33 | 2.91 | 1.79 | 1.50 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 27,480 | 23,658 | 20,169 | 17,646 | 15,314 | 14,064 | 12,921 |
| Revenue growth | +15.2% | +11.4% | +11.6% | +13.3% | +10.3% | +6.8% | +10.5% |
| EBITDA | 8,018 | 6,770 | 5,003 | 4,051 | 3,313 | 3,184 | 2,734 |
| EBITDA margin | +29.2% | +28.6% | +24.8% | +23.0% | +21.6% | +22.6% | +21.2% |
| Profit before tax | 8,075 | 7,090 | 5,335 | 3,985 | 3,158 | 2,935 | 2,479 |
| Net profit | 6,020 | 5,259 | 4,003 | 3,001 | 2,344 | 2,065 | 1,794 |
| Net profit margin | +21.9% | +22.2% | +19.9% | +17.0% | +15.3% | +14.7% | +13.9% |
| EPS (₹) | 8.27 | 7.23 | 5.50 | 4.11 | 9.64 | 8.48 | 7.36 |
| Balance sheet | |||||||
| Total assets | 24,918 | 20,722 | 17,168 | 14,548 | 13,919 | 12,290 | 11,141 |
| Net worth | 23,698 | 19,698 | 16,082 | 13,582 | 11,984 | 10,808 | 9,853 |
| Total debt | 65.46 | 61.23 | 62.51 | 61.34 | 52.70 | 2.52 | 8.33 |
| Cash & bank | 8,419 | 9,397 | 10,968 | 8,009 | 7,499 | 5,008 | 1,558 |
| Net working capital | 18,601 | 14,931 | 11,903 | 9,396 | 7,626 | 6,813 | 5,825 |
| Cash flow | |||||||
| Cash from operations | 1,494 | 457 | 4,648 | 1,087 | 4,161 | 5,103 | 2,533 |
| Cash from investing | 1,747 | 772 | (5,889) | 2,800 | (4,861) | (2,569) | (639) |
| Cash from financing | (2,096) | (1,696) | (1,474) | (1,262) | (1,077) | (1,075) | (1,059) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,533 | 10,177 | 7,122 | 5,764 | 4,417 | 9,120 | 5,756 | 4,583 |
| Revenue growth (YoY) | +25.3% | +11.6% | +23.7% | +25.8% | +5.2% | +6.9% | +39.2% | +14.8% |
| Other income | 167 | 108 | 160 | 159 | 164 | 194 | 205 | 167 |
| Total expenses | 4,144 | 7,215 | 5,004 | 4,068 | 3,177 | 6,331 | 4,103 | 3,195 |
| EBITDA | 1,389 | 2,962 | 2,118 | 1,695 | 1,240 | 2,789 | 1,653 | 1,389 |
| EBITDA margin | +25.1% | +29.1% | +29.7% | +29.4% | +28.1% | +30.6% | +28.7% | +30.3% |
| Depreciation | 153 | 165 | 127 | 118 | 113 | 130 | 103 | 103 |
| Interest | 1.16 | 1.60 | 2.03 | 1.65 | 1.44 | 5.80 | 1.31 | 1.32 |
| Profit before tax | 1,403 | 2,904 | 2,148 | 1,734 | 1,289 | 2,848 | 1,754 | 1,451 |
| Tax | 354 | 701 | 558 | 448 | 320 | 743 | 438 | 360 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,547 | 10,224 | 7,154 | 5,792 | 4,440 | 9,150 | 5,771 | 4,605 |
| Revenue growth (YoY) | +24.9% | +11.8% | +24.0% | +25.8% | +4.6% | +6.8% | +38.7% | +14.9% |
| Other income | 170 | 110 | 139 | 154 | 163 | 195 | 186 | 158 |
| EBITDA | 1,388 | 2,982 | 2,127 | 1,702 | 1,238 | 2,816 | 1,669 | 1,400 |
| EBITDA margin | +25.0% | +29.2% | +29.7% | +29.4% | +27.9% | +30.8% | +28.9% | +30.4% |
| Depreciation | 161 | 173 | 135 | 126 | 121 | 138 | 111 | 111 |
| Interest | 1.16 | 1.61 | 2.03 | 1.65 | 1.44 | 5.86 | 1.32 | 1.32 |
| Profit before tax | 1,396 | 2,917 | 2,128 | 1,728 | 1,279 | 2,867 | 1,744 | 1,445 |
| Tax | 352 | 703 | 558 | 450 | 319 | 746 | 442 | 361 |
| Net profit | 1,044 | 2,214 | 1,570 | 1,278 | 961 | 2,121 | 1,301 | 1,084 |
| EPS (₹) | 1.44 | 3.04 | 2.16 | 1.76 | 1.33 | 2.91 | 1.79 | 1.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 27,610 | 23,769 | 20,268 | 17,734 | 15,368 | 14,109 | 12,968 |
| Revenue growth | +15.5% | +11.3% | +11.5% | +13.5% | +10.4% | +6.7% | +10.3% |
| Other income | 566 | 742 | 670 | 281 | 232 | 125 | 99.40 |
| Total expenses | 19,557 | 16,932 | 15,217 | 13,645 | 12,024 | 10,895 | 10,209 |
| Employee cost | 3,116 | 2,761 | 2,489 | 2,317 | 2,128 | 1,956 | 2,075 |
| EBITDA | 8,053 | 6,837 | 5,051 | 4,090 | 3,344 | 3,214 | 2,759 |
| EBITDA margin | +29.2% | +28.8% | +24.9% | +23.1% | +21.8% | +22.8% | +21.3% |
| Depreciation | 556 | 467 | 443 | 429 | 401 | 387 | 372 |
| Interest | 10.13 | 12.53 | 12.06 | 18.83 | 8.55 | 9.61 | 7.66 |
| Profit before tax | 8,053 | 7,099 | 5,266 | 3,923 | 3,166 | 2,942 | 2,478 |
| Tax | 2,029 | 1,812 | 1,323 | 983 | 812 | 872 | 686 |
| Net profit | 6,034 | 5,292 | 3,965 | 2,979 | 2,394 | 2,098 | 1,824 |
| Net profit margin | +21.9% | +22.3% | +19.6% | +16.8% | +15.6% | +14.9% | +14.1% |
| EPS (₹) | 8.29 | 7.28 | 5.45 | 4.08 | 9.85 | 8.61 | 7.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 731 | 731 | 731 | 731 | 244 | 244 | 244 |
| Reserves & surplus | 23,257 | 19,243 | 15,595 | 13,131 | 12,042 | 10,816 | 9,828 |
| Shareholders' funds (net worth) | 23,988 | 19,974 | 16,326 | 13,862 | 12,286 | 11,060 | 10,072 |
| Minority interest | 18.83 | 18.94 | 17.92 | 17.75 | 16.34 | 14.99 | 14.17 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.33 |
| Unsecured loans | 65.46 | 61.23 | 62.51 | 61.34 | 52.70 | 2.52 | 0.00 |
| Total debt | 65.46 | 61.23 | 62.51 | 61.34 | 52.70 | 2.52 | 8.33 |
| Total liabilities | 25,270 | 21,072 | 17,497 | 14,924 | 14,329 | 12,661 | 11,491 |
| Assets | |||||||
| Gross block | 8,106 | 6,869 | 6,038 | 5,541 | 4,832 | 4,415 | 4,092 |
| Net block | 4,121 | 3,419 | 3,035 | 2,963 | 2,675 | 2,652 | 2,713 |
| Capital work in progress | 731 | 1,052 | 894 | 855 | 1,006 | 883 | 828 |
| Investments | 800 | 743 | 682 | 650 | 1,572 | 1,306 | 1,110 |
| Inventories | 10,176 | 9,120 | 7,450 | 6,450 | 5,595 | 4,970 | 3,961 |
| Sundry debtors | 12,876 | 9,116 | 7,392 | 7,033 | 6,108 | 6,562 | 6,724 |
| Cash & bank balances | 8,572 | 9,545 | 11,057 | 8,112 | 7,564 | 5,074 | 1,660 |
| Loans & advances | 6,434 | 7,077 | 8,167 | 8,455 | 8,030 | 7,110 | 6,395 |
| Total current assets | 38,057 | 34,859 | 34,066 | 30,049 | 27,297 | 23,716 | 18,740 |
| Total current liabilities | 19,257 | 19,751 | 22,028 | 20,566 | 19,583 | 16,830 | 12,860 |
| Net working capital | 18,800 | 15,108 | 12,039 | 9,484 | 7,714 | 6,885 | 5,881 |
| Total assets | 25,270 | 21,072 | 17,497 | 14,924 | 14,329 | 12,661 | 11,491 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 713 | 1,206 | 3,946 | 1,301 | 3,043 | 1,621 | 760 |
| Net cash from operating activities | 1,541 | 564 | 4,659 | 1,199 | 4,207 | 5,093 | 2,570 |
| Net cash from investing activities | 1,730 | 639 | (5,924) | 2,708 | (4,872) | (2,595) | (649) |
| Net cash from financing activities | (2,097) | (1,696) | (1,475) | (1,262) | (1,078) | (1,076) | (1,061) |
| Net change in cash | 1,175 | (493) | (2,739) | 2,645 | (1,742) | 1,422 | 861 |
| Closing cash | 8,572 | 9,545 | 11,057 | 8,112 | 7,564 | 5,074 | 1,660 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +16.2% | +17.3% | +14.3% | +15.4% | +8.9% | +8.8% | +6.6% |
| EBITDA growth | +17.8% | +35.3% | +23.5% | +22.3% | +4.1% | +16.5% | -5.2% |
| PBT growth | +13.4% | +34.8% | +34.2% | +23.9% | +7.6% | +18.7% | -5.7% |
| Net income growth | +14.0% | +33.5% | +33.1% | +24.4% | +14.1% | +15.1% | -3.3% |
| Revenue CAGR (3Y) | +15.9% | +15.7% | +12.8% | +11.0% | +8.1% | +10.7% | +14.4% |
| EBITDA CAGR (3Y) | +25.3% | +26.9% | +16.3% | +14.0% | +4.8% | +16.4% | +15.5% |
| Profitability & leverage | |||||||
| Net income margin | +21.8% | +22.2% | +19.5% | +16.6% | +15.3% | +14.7% | +13.8% |
| Return on capital employed | +34.8% | +36.9% | +32.6% | +27.0% | +23.6% | +24.5% | +22.7% |
| Return on net worth | +27.4% | +29.1% | +26.1% | +22.5% | +20.2% | +19.6% | +18.6% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.14 | 0.20 | 0.26 | 0.51 | 0.29 | 0.34 | 0.32 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.69 | 3.68 | 3.50 | 3.42 | 3.32 | 3.32 | 3.50 |
| Inventory turnover | 2.86 | 2.87 | 2.92 | 2.94 | 2.91 | 3.16 | 3.09 |
| Debtors turnover | 2.51 | 2.88 | 2.81 | 2.70 | 2.43 | 2.12 | 2.14 |
| EPS (₹) | 8.29 | 7.28 | 5.45 | 4.08 | 9.85 | 8.61 | 7.49 |
| Dividend per share (₹) | 2.50 | 2.40 | 2.20 | 1.80 | 4.50 | 4.00 | 2.80 |
| Book value per share (₹) | 32.82 | 27.32 | 22.34 | 18.96 | 50.42 | 45.39 | 41.33 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,533 | 10,177 | 7,122 | 5,764 | 4,417 | 9,120 | 5,756 | 4,583 |
| Revenue growth (YoY) | +25.3% | +11.6% | +23.7% | +25.8% | +5.2% | +6.9% | +39.2% | +14.8% |
| Other income | 167 | 108 | 160 | 159 | 164 | 194 | 205 | 167 |
| Total expenses | 4,144 | 7,215 | 5,004 | 4,068 | 3,177 | 6,331 | 4,103 | 3,195 |
| EBITDA | 1,389 | 2,962 | 2,118 | 1,695 | 1,240 | 2,789 | 1,653 | 1,389 |
| EBITDA margin | +25.1% | +29.1% | +29.7% | +29.4% | +28.1% | +30.6% | +28.7% | +30.3% |
| Depreciation | 153 | 165 | 127 | 118 | 113 | 130 | 103 | 103 |
| Interest | 1.16 | 1.60 | 2.03 | 1.65 | 1.44 | 5.80 | 1.31 | 1.32 |
| Profit before tax | 1,403 | 2,904 | 2,148 | 1,734 | 1,289 | 2,848 | 1,754 | 1,451 |
| Tax | 354 | 701 | 558 | 448 | 320 | 743 | 438 | 360 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 27,480 | 23,658 | 20,169 | 17,646 | 15,314 | 14,064 | 12,921 |
| Revenue growth | +15.2% | +11.4% | +11.6% | +13.3% | +10.3% | +6.8% | +10.5% |
| Other income | 590 | 768 | 756 | 360 | 234 | 126 | 102 |
| Total expenses | 19,461 | 16,888 | 15,167 | 13,595 | 12,001 | 10,880 | 10,187 |
| Employee cost | 3,091 | 2,734 | 2,467 | 2,298 | 2,109 | 1,941 | 2,057 |
| EBITDA | 8,018 | 6,770 | 5,003 | 4,051 | 3,313 | 3,184 | 2,734 |
| EBITDA margin | +29.2% | +28.6% | +24.8% | +23.0% | +21.6% | +22.6% | +21.2% |
| Depreciation | 524 | 436 | 412 | 408 | 380 | 366 | 350 |
| Interest | 9.90 | 12.14 | 11.58 | 18.45 | 8.27 | 9.22 | 7.22 |
| Profit before tax | 8,075 | 7,090 | 5,335 | 3,985 | 3,158 | 2,935 | 2,479 |
| Tax | 2,027 | 1,802 | 1,315 | 978 | 809 | 869 | 685 |
| Net profit | 6,020 | 5,259 | 4,003 | 3,001 | 2,344 | 2,065 | 1,794 |
| Net profit margin | +21.9% | +22.2% | +19.9% | +17.0% | +15.3% | +14.7% | +13.9% |
| EPS (₹) | 8.27 | 7.23 | 5.50 | 4.11 | 9.64 | 8.48 | 7.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 731 | 731 | 731 | 731 | 244 | 244 | 244 |
| Reserves & surplus | 22,967 | 18,967 | 15,351 | 12,851 | 11,741 | 10,564 | 9,609 |
| Shareholders' funds (net worth) | 23,698 | 19,698 | 16,082 | 13,582 | 11,984 | 10,808 | 9,853 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.33 |
| Unsecured loans | 65.46 | 61.23 | 62.51 | 61.34 | 52.70 | 2.52 | 0.00 |
| Total debt | 65.46 | 61.23 | 62.51 | 61.34 | 52.70 | 2.52 | 8.33 |
| Total liabilities | 24,918 | 20,722 | 17,168 | 14,548 | 13,919 | 12,290 | 11,141 |
| Assets | |||||||
| Gross block | 7,626 | 6,397 | 5,567 | 5,083 | 4,534 | 4,118 | 3,795 |
| Net block | 3,899 | 3,173 | 2,759 | 2,672 | 2,524 | 2,480 | 2,520 |
| Capital work in progress | 728 | 1,044 | 891 | 841 | 859 | 736 | 683 |
| Investments | 864 | 820 | 768 | 664 | 1,554 | 1,331 | 1,162 |
| Inventories | 10,094 | 9,070 | 7,408 | 6,406 | 5,540 | 4,915 | 3,910 |
| Sundry debtors | 12,845 | 9,092 | 7,362 | 7,022 | 6,103 | 6,552 | 6,733 |
| Cash & bank balances | 8,419 | 9,397 | 10,968 | 8,009 | 7,499 | 5,008 | 1,558 |
| Loans & advances | 6,415 | 7,068 | 8,153 | 8,466 | 8,015 | 7,102 | 6,394 |
| Total current assets | 37,773 | 34,627 | 33,891 | 29,903 | 27,157 | 23,577 | 18,595 |
| Total current liabilities | 19,172 | 19,696 | 21,988 | 20,507 | 19,531 | 16,763 | 12,770 |
| Net working capital | 18,601 | 14,931 | 11,903 | 9,396 | 7,626 | 6,813 | 5,825 |
| Total assets | 24,918 | 20,722 | 17,168 | 14,548 | 13,919 | 12,290 | 11,141 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 682 | 1,149 | 3,864 | 1,239 | 3,016 | 1,556 | 722 |
| Net cash from operating activities | 1,494 | 457 | 4,648 | 1,087 | 4,161 | 5,103 | 2,533 |
| Net cash from investing activities | 1,747 | 772 | (5,889) | 2,800 | (4,861) | (2,569) | (639) |
| Net cash from financing activities | (2,096) | (1,696) | (1,474) | (1,262) | (1,077) | (1,075) | (1,059) |
| Net change in cash | 1,145 | (467) | (2,715) | 2,625 | (1,777) | 1,459 | 834 |
| Closing cash | 8,419 | 9,397 | 10,968 | 8,009 | 7,499 | 5,008 | 1,558 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +16.2% | +17.3% | +14.3% | +15.2% | +8.9% | +8.8% | +6.9% |
| EBITDA growth | +18.4% | +35.3% | +23.5% | +22.3% | +4.0% | +16.5% | -4.6% |
| PBT growth | +13.9% | +32.9% | +33.9% | +26.2% | +7.6% | +18.4% | -8.3% |
| Net income growth | +14.5% | +31.4% | +33.4% | +28.0% | +13.6% | +15.1% | -6.9% |
| Revenue CAGR (3Y) | +15.9% | +15.6% | +12.8% | +11.0% | +8.2% | +10.9% | +14.5% |
| EBITDA CAGR (3Y) | +25.6% | +26.9% | +16.3% | +14.0% | +5.0% | +16.7% | +15.7% |
| Profitability & leverage | |||||||
| Net income margin | +22.0% | +22.4% | +19.9% | +17.0% | +15.3% | +14.7% | +13.9% |
| Return on capital employed | +35.4% | +37.5% | +33.7% | +28.1% | +24.2% | +25.1% | +23.4% |
| Return on net worth | +27.9% | +29.6% | +27.1% | +23.5% | +20.6% | +20.0% | +19.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.13 | 0.19 | 0.25 | 0.51 | 0.28 | 0.33 | 0.30 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.92 | 3.95 | 3.79 | 3.67 | 3.54 | 3.55 | 3.80 |
| Inventory turnover | 2.87 | 2.87 | 2.92 | 2.95 | 2.93 | 3.19 | 3.10 |
| Debtors turnover | 2.51 | 2.88 | 2.80 | 2.69 | 2.42 | 2.12 | 2.14 |
| EPS (₹) | 8.27 | 7.23 | 5.50 | 4.11 | 9.64 | 8.48 | 7.36 |
| Dividend per share (₹) | 2.50 | 2.40 | 2.20 | 1.80 | 4.50 | 4.00 | 2.80 |
| Book value per share (₹) | 32.42 | 26.95 | 22.00 | 18.58 | 49.18 | 44.36 | 40.44 |
Shareholding Pattern of Bharat Electronics Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 51.10%, foreign institutional investors hold 18.00%, domestic institutional investors hold 21.00%, retail and other public shareholders hold 9.90% of Bharat Electronics Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 51.10% | 51.10% | 51.10% | 51.10% |
| Public | 48.90% | 48.90% | 48.90% | 48.90% |
Group Structure of Bharat Electronics Limited
Bharat Electronics Limited has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Bharat Electronics Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Bel Optonic Devices Limited | U32100PN1990GOI058096 | - |
| Bel-Thales Systems Limited | U32106KA2014GOI076102 | - |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Bharat Electronics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Oct 2001 | State Bank of India | ₹7,000 Cr | Open |
| 31 Mar 2017 | Others | ₹100 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Bharat Electronics Limited
Bharat Electronics Limited has a workforce of 6,094 employees as of Apr 05, 2024.
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GST Compliance of Bharat Electronics Limited
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Credit Ratings, Litigation & Regulatory Alerts for Bharat Electronics Limited
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MSME Payment Delays by Bharat Electronics Limited
MSME payment history for Bharat Electronics Limited
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Subsidiaries & Group Companies of Bharat Electronics Limited
Corporate group structure for Bharat Electronics Limited
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MCA Filings & Documents of Bharat Electronics Limited
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Recent Activity on Bharat Electronics Limited
Recent News on Bharat Electronics Limited
Frequently Asked Questions about Bharat Electronics Limited
Bharat Electronics Limited is an active public limited union government company in the aerospace, maritime and defense sector based in Bangalore, Karnataka, India. It was incorporated on 21 April 1954 (72+ years old) and is registered under CIN L32309KA1954GOI000787. Listed on BSE: 500049 and NSE: BEL. The company has 6,094 employees.
Bharat Electronics Limited reported revenue of ₹27,610 Cr for FY 2025-26 (up 16.16% YoY) based on consolidated financials.
The current directors of Bharat Electronics Limited are:
- Manoj Jain - Managing Director
- Binoy Kumar Das - Nominee Director
- Damodar Bhattad - Whole-Time Director
- Meera Mohanty - Nominee Director
- Kamesh Kasana - Whole-Time Director
- Harikumar Raghavan Nair - Whole-Time Director
- Pradeep Tripathi - Director
- Bharatsinh Prabhatsinh Parmar - Director
- Rajnish Sharma - Whole-Time Director
The primary industry of Bharat Electronics Limited is aerospace, maritime and defense. The company specifically operates in defence tech and equipment. The company is currently active in this sector.
Yes. Bharat Electronics Limited is listed on both BSE (code: 500049) and NSE (symbol: BEL).
Bharat Electronics Limited can be reached at the registered office: Outer Ring Road Nagavara Bangalore, Karnataka, India – 560045, or through the website bel-india.in.