Bharat Electronics Limited

BSE: 500049 NSE: BEL
Bharat Electronics Limited - aerospace, maritime and defense in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN L32309KA1954GOI000787 Incorporated 21 April 1954 ROC Bangalore HQ Bangalore, Karnataka, India
Active Listed - NSE: BEL · BSE: 500049 Public Limited Union Government Company aerospace, maritime and defense Fortune India 500 · #111 Nifty 50
Data last updated
Market Cap
₹2,70,462 Cr
BEL · NSE
Share Price
₹369.90
-0.03% today
Revenue
₹27,610 Cr
FY 2025-26 · +16.2% YoY
EBITDA
₹8,053 Cr
Margin 29.2%
Net Profit
₹6,034 Cr
FY 2025-26 · +14.0% YoY
P/E (TTM)
43.2x
P/B 11.1x
ROE
27.4%
ROCE 34.8%
Authorised capital
₹1,000 Cr
Registered with MCA

About Bharat Electronics Limited

Data last updated:

Bharat Electronics Limited is a public limited union government company based in Bangalore, Karnataka, India. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 21 April 1954 and has been in existence for over 72 years.

Bharat Electronics is ranked #111 on the Fortune India 500 (2025). It is part of the Nifty 50, Sensex, Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L32309KA1954GOI000787. Its GSTIN is 29AAACB5985C2ZK (Karnataka). The company holds 66 GST registrations, of which 60 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500049 and NSE: BEL.

The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹730.98 Cr. It is led by directors including Manoj Jain (Managing Director) and Damodar Bhattad (Whole-Time Director).

Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 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 16.2% compared to the previous year. For the same year it recorded a net profit of ₹6,033.54 Cr (net margin 21.9%) and EBITDA of ₹8,052.73 Cr (EBITDA margin 29.2%). The net worth stands at ₹23,988 Cr (up 20.1% YoY). Total assets are valued at ₹25,270 Cr (up 19.9% YoY).

The company has about 6,094 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 2 brands: BTKIT and BEL. As per MCA filings, the company has open charges of ₹7,000 Cr and satisfied charges of ₹100 Cr on record. Court records list 710 cases involving the company, including 283 filed by the company and 439 filed against it; 99 cases are pending. The company has 26 deals on record (24 market trades, 2 buybacks); the latest was in June 2026. The company has 51 MSME Form 1 returns on record between 2011 and 2024, listing 3,166 overdue payments to 481 micro and small suppliers.

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.

Company details

CIN L32309KA1954GOI000787
Registration Number 000787
Incorporation Date 21 April 1954
ROC Bangalore
Listing Status Listed - Listed on NSE (BEL); Listed on BSE (500049)
Company Status Active
Date of Last AGM 28 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Manoj Jain Managing Director Damodar Bhattad Whole-Time Director Kamesh Kasana Whole-Time Director

Recognitions & Rankings of Bharat Electronics

Fortune India 500 2025 edition
Rank#111
Total income
₹25,332 Cr
Profit
₹5,321 Cr
Last year #109
Stock market indices
Nifty 50 Sensex Nifty 500 BSE 500

Contact details

Bharat Electronics Limited's registered office is in Bangalore, Karnataka. Its website is bel-india.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    bel-india.in
  • Social Media
  • Registered Address
    Outer Ring Road Nagavara Bangalore, Karnataka, India – 560045
  • Industry
    Aerospace, Maritime and Defense, Defence Tech & Equipment

To see the full contact details of Bharat Electronics Limited, buy the company report.

Comprehensive company report
Bharat Electronics Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Bharat Electronics operates two associated brands: BTKIT and BEL. Each brand links to its own profile.

BrandDescriptionWebsite
BTKIT
Offers undergraduate and postgraduate engineering courses in various disciplines.kecua.ac.in
BEL
Manufacturer of electronic products for the armed forcesbel-india.in

Business activity

The main business activity of Bharat Electronics is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC9Computer, electronic, Communication and scientific measuring & control equipment

To see the full business activity and turnover split of Bharat Electronics Limited, buy the company report.

Financials of Bharat Electronics Limited

FY 2025-26 filings available

Bharat Electronics Limited reported revenue of ₹27,610 Cr (up 16.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹27,610 Cr
+16.2% YoY
EBITDA
₹8,053 Cr
+17.8% YoY
Profit After Tax
₹6,034 Cr
+14.0% YoY
Net Worth
₹23,988 Cr
+20.1% YoY
Total Assets
₹25,270 Cr
+19.9% YoY
Total Debt
₹65.46 Cr
+6.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue27,61023,76920,26817,73415,36814,10912,968
Revenue growth+16.2%+17.3%+14.3%+15.4%+8.9%+8.8%-
EBITDA8,0536,8375,0514,0903,3443,2142,759
EBITDA margin+29.2%+28.8%+24.9%+23.1%+21.8%+22.8%+21.3%
Profit before tax8,0537,0995,2663,9233,1662,9422,478
Net profit6,0345,2923,9652,9792,3942,0981,824
Net profit margin+21.9%+22.3%+19.6%+16.8%+15.6%+14.9%+14.1%
EPS (₹)8.297.285.454.089.858.617.49
Balance sheet
Total assets25,27021,07217,49714,92414,32912,66111,491
Net worth23,98819,97416,32613,86212,28611,06010,072
Total debt65.4661.2362.5161.3452.702.528.33
Cash & bank8,5729,54511,0578,1127,5645,0741,660
Net working capital18,80015,10812,0399,4847,7146,8855,881
Cash flow
Cash from operations1,5415644,6591,1994,2075,0932,570
Cash from investing1,730639(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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5,54710,2247,1545,7924,4409,1505,7714,605
Revenue growth (YoY)+24.9%+11.8%+24.0%+25.8%+4.6%---
Other income170110139154163195186158
EBITDA1,3882,9822,1271,7021,2382,8161,6691,400
EBITDA margin+25.0%+29.2%+29.7%+29.4%+27.9%+30.8%+28.9%+30.4%
Depreciation161173135126121138111111
Interest1.161.612.031.651.445.861.321.32
Profit before tax1,3962,9172,1281,7281,2792,8671,7441,445
Tax352703558450319746442361
Net profit1,0442,2141,5701,2789612,1211,3011,084
EPS (₹)1.443.042.161.761.332.911.791.50
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue27,48023,65820,16917,64615,31414,06412,921
Revenue growth+16.2%+17.3%+14.3%+15.2%+8.9%+8.8%-
EBITDA8,0186,7705,0034,0513,3133,1842,734
EBITDA margin+29.2%+28.6%+24.8%+23.0%+21.6%+22.6%+21.2%
Profit before tax8,0757,0905,3353,9853,1582,9352,479
Net profit6,0205,2594,0033,0012,3442,0651,794
Net profit margin+21.9%+22.2%+19.9%+17.0%+15.3%+14.7%+13.9%
EPS (₹)8.277.235.504.119.648.487.36
Balance sheet
Total assets24,91820,72217,16814,54813,91912,29011,141
Net worth23,69819,69816,08213,58211,98410,8089,853
Total debt65.4661.2362.5161.3452.702.528.33
Cash & bank8,4199,39710,9688,0097,4995,0081,558
Net working capital18,60114,93111,9039,3967,6266,8135,825
Cash flow
Cash from operations1,4944574,6481,0874,1615,1032,533
Cash from investing1,747772(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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5,53310,1777,1225,7644,4179,1205,7564,583
Revenue growth (YoY)+25.3%+11.6%+23.7%+25.8%+5.2%---
Other income167108160159164194205167
Total expenses4,1447,2155,0044,0683,1776,3314,1033,195
EBITDA1,3892,9622,1181,6951,2402,7891,6531,389
EBITDA margin+25.1%+29.1%+29.7%+29.4%+28.1%+30.6%+28.7%+30.3%
Depreciation153165127118113130103103
Interest1.161.602.031.651.445.801.311.32
Profit before tax1,4032,9042,1481,7341,2892,8481,7541,451
Tax354701558448320743438360

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5,54710,2247,1545,7924,4409,1505,7714,605
Revenue growth (YoY)+24.9%+11.8%+24.0%+25.8%+4.6%---
Other income170110139154163195186158
EBITDA1,3882,9822,1271,7021,2382,8161,6691,400
EBITDA margin+25.0%+29.2%+29.7%+29.4%+27.9%+30.8%+28.9%+30.4%
Depreciation161173135126121138111111
Interest1.161.612.031.651.445.861.321.32
Profit before tax1,3962,9172,1281,7281,2792,8671,7441,445
Tax352703558450319746442361
Net profit1,0442,2141,5701,2789612,1211,3011,084
EPS (₹)1.443.042.161.761.332.911.791.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue27,61023,76920,26817,73415,36814,10912,968
Revenue growth+16.2%+17.3%+14.3%+15.4%+8.9%+8.8%-
Other income56674267028123212599.40
Total expenses19,55716,93215,21713,64512,02410,89510,209
Employee cost3,1162,7612,4892,3172,1281,9562,075
EBITDA8,0536,8375,0514,0903,3443,2142,759
EBITDA margin+29.2%+28.8%+24.9%+23.1%+21.8%+22.8%+21.3%
Depreciation556467443429401387372
Interest10.1312.5312.0618.838.559.617.66
Profit before tax8,0537,0995,2663,9233,1662,9422,478
Tax2,0291,8121,323983812872686
Net profit6,0345,2923,9652,9792,3942,0981,824
Net profit margin+21.9%+22.3%+19.6%+16.8%+15.6%+14.9%+14.1%
EPS (₹)8.297.285.454.089.858.617.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital731731731731244244244
Reserves & surplus23,25719,24315,59513,13112,04210,8169,828
Shareholders' funds (net worth)23,98819,97416,32613,86212,28611,06010,072
Minority interest18.8318.9417.9217.7516.3414.9914.17
Secured loans0.000.000.000.000.000.008.33
Unsecured loans65.4661.2362.5161.3452.702.520.00
Total debt65.4661.2362.5161.3452.702.528.33
Total liabilities25,27021,07217,49714,92414,32912,66111,491
Assets
Gross block8,1066,8696,0385,5414,8324,4154,092
Net block4,1213,4193,0352,9632,6752,6522,713
Capital work in progress7311,0528948551,006883828
Investments8007436826501,5721,3061,110
Inventories10,1769,1207,4506,4505,5954,9703,961
Sundry debtors12,8769,1167,3927,0336,1086,5626,724
Cash & bank balances8,5729,54511,0578,1127,5645,0741,660
Loans & advances6,4347,0778,1678,4558,0307,1106,395
Total current assets38,05734,85934,06630,04927,29723,71618,740
Total current liabilities19,25719,75122,02820,56619,58316,83012,860
Net working capital18,80015,10812,0399,4847,7146,8855,881
Total assets25,27021,07217,49714,92414,32912,66111,491
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash7131,2063,9461,3013,0431,621760
Net cash from operating activities1,5415644,6591,1994,2075,0932,570
Net cash from investing activities1,730639(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 cash1,175(493)(2,739)2,645(1,742)1,422861
Closing cash8,5729,54511,0578,1127,5645,0741,660
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+16.2%+17.3%+14.3%+15.4%+8.9%+8.8%-
EBITDA growth+17.8%+35.3%+23.5%+22.3%+4.1%+16.5%-
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%-
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 / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.140.200.260.510.290.340.32
Efficiency & per share
Fixed asset turnover3.693.683.503.423.323.323.50
Inventory turnover2.862.872.922.942.913.163.09
Debtors turnover2.512.882.812.702.432.122.14
EPS (₹)8.297.285.454.089.858.617.49
Dividend per share (₹)2.502.402.201.804.504.002.80
Book value per share (₹)32.8227.3222.3418.9650.4245.3941.33
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5,53310,1777,1225,7644,4179,1205,7564,583
Revenue growth (YoY)+25.3%+11.6%+23.7%+25.8%+5.2%---
Other income167108160159164194205167
Total expenses4,1447,2155,0044,0683,1776,3314,1033,195
EBITDA1,3892,9622,1181,6951,2402,7891,6531,389
EBITDA margin+25.1%+29.1%+29.7%+29.4%+28.1%+30.6%+28.7%+30.3%
Depreciation153165127118113130103103
Interest1.161.602.031.651.445.801.311.32
Profit before tax1,4032,9042,1481,7341,2892,8481,7541,451
Tax354701558448320743438360
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue27,48023,65820,16917,64615,31414,06412,921
Revenue growth+16.2%+17.3%+14.3%+15.2%+8.9%+8.8%-
Other income590768756360234126102
Total expenses19,46116,88815,16713,59512,00110,88010,187
Employee cost3,0912,7342,4672,2982,1091,9412,057
EBITDA8,0186,7705,0034,0513,3133,1842,734
EBITDA margin+29.2%+28.6%+24.8%+23.0%+21.6%+22.6%+21.2%
Depreciation524436412408380366350
Interest9.9012.1411.5818.458.279.227.22
Profit before tax8,0757,0905,3353,9853,1582,9352,479
Tax2,0271,8021,315978809869685
Net profit6,0205,2594,0033,0012,3442,0651,794
Net profit margin+21.9%+22.2%+19.9%+17.0%+15.3%+14.7%+13.9%
EPS (₹)8.277.235.504.119.648.487.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital731731731731244244244
Reserves & surplus22,96718,96715,35112,85111,74110,5649,609
Shareholders' funds (net worth)23,69819,69816,08213,58211,98410,8089,853
Secured loans0.000.000.000.000.000.008.33
Unsecured loans65.4661.2362.5161.3452.702.520.00
Total debt65.4661.2362.5161.3452.702.528.33
Total liabilities24,91820,72217,16814,54813,91912,29011,141
Assets
Gross block7,6266,3975,5675,0834,5344,1183,795
Net block3,8993,1732,7592,6722,5242,4802,520
Capital work in progress7281,044891841859736683
Investments8648207686641,5541,3311,162
Inventories10,0949,0707,4086,4065,5404,9153,910
Sundry debtors12,8459,0927,3627,0226,1036,5526,733
Cash & bank balances8,4199,39710,9688,0097,4995,0081,558
Loans & advances6,4157,0688,1538,4668,0157,1026,394
Total current assets37,77334,62733,89129,90327,15723,57718,595
Total current liabilities19,17219,69621,98820,50719,53116,76312,770
Net working capital18,60114,93111,9039,3967,6266,8135,825
Total assets24,91820,72217,16814,54813,91912,29011,141
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6821,1493,8641,2393,0161,556722
Net cash from operating activities1,4944574,6481,0874,1615,1032,533
Net cash from investing activities1,747772(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 cash1,145(467)(2,715)2,625(1,777)1,459834
Closing cash8,4199,39710,9688,0097,4995,0081,558
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+16.2%+17.3%+14.3%+15.2%+8.9%+8.8%-
EBITDA growth+18.4%+35.3%+23.5%+22.3%+4.0%+16.5%-
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%-
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 / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.130.190.250.510.280.330.30
Efficiency & per share
Fixed asset turnover3.923.953.793.673.543.553.80
Inventory turnover2.872.872.922.952.933.193.10
Debtors turnover2.512.882.802.692.422.122.14
EPS (₹)8.277.235.504.119.648.487.36
Dividend per share (₹)2.502.402.201.804.504.002.80
Book value per share (₹)32.4226.9522.0018.5849.1844.3640.44

To see the full year-wise statements and ratios of Bharat Electronics Limited, buy the company report.

Board of directors of Bharat Electronics Limited

Bharat Electronics has 12 current directors and 90 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manoj Jain
Also directs: Bel Optronic Devices Limited, Defence Innovation Organisation
Managing Director26 Sep 20224 Years 1 MonthsCurrent
Binoy Kumar DasNominee Director04 Jul 20224 Years 3 MonthsCurrent
Damodar Bhattad
Also directs: Bel Optronic Devices Limited, Bel-Thales Systems Limited
Whole-Time Director11 Jan 20233 Years 9 MonthsCurrent
Meera Mohanty
Also directs: Mishra Dhatu Nigam Limited
Nominee Director16 Jul 20251 Years 3 MonthsCurrent
Kamesh Kasana
Also directs: Bel Optronic Devices Limited
Whole-Time Director14 Jul 20251 Years 3 MonthsCurrent
Harikumar Raghavan Nair
Also directs: Bel-Thales Systems Limited
Whole-Time Director02 May 20251 Years 5 MonthsCurrent
Showing 6 of 12 current directors. View all directors

Auditor

Bharat Electronics Limited is audited by Guru and Jana for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Guru and JanaFY 2023006826S

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 51.10%, foreign institutional investors hold 18.00%, domestic institutional investors hold 21.00% and retail and other public shareholders hold 9.90%.

Promoters: 51.10%DII (Domestic Institutional): 21.00%FII (Foreign Institutional): 18.00%Retail & Others: 9.90%
Sep 2026
QUARTER
51.10% Promoters
21.00% DII (Domestic Institutional)
18.00% FII (Foreign Institutional)
9.90% Retail & Others
Promoter holding - history
Now 51.10% · Sep 2026High 51.10% · Dec 2025Low 51.10% · Dec 2025
50%50.8%51.5%52.3%53%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 51.10%Mar 2026: 51.10%Jun 2026: 51.10%Sep 2026: 51.10%51.10%51.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters51.10%51.10%51.10%51.10%
Public48.90%48.90%48.90%48.90%

Charges & borrowings

Open charges
₹7,000 Cr
Satisfied charges
₹100 Cr
Breakdown by lending institutions
State Bank of India₹7,000.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
16 Oct 200180037904State Bank of India₹7,000 CrOpen
31 Mar 2017100091210Others₹100 CrSatisfied

To see the full charge records of Bharat Electronics Limited, buy the company report.

Total charge records: 2 View all charges

Deals & funding

Bharat Electronics Limited has 26 deals on record (24 market trades, 2 buybacks); the latest was in June 2026.

Total deals
26
Market trades
24
Buybacks
2

Deals on record (5 of 26)

WhenDealAmountParties
Jun 2026Market trade₹35.18 CrBuyer: The Mtbj Ltd. As Trst For Govrnmnt Pension Invstmnt Fund Mutb400045794
Seller: The Mtbj Ltd. As Trst For Govrnmnt Pension Invstmnt Fund Mtbj400045828
Sep 2025Market trade₹15.91 CrBuyer: Morgan Stanley Investment Management
Seller: Goldman Sachs Bank Europe Se - Odi
Sep 2025Market trade₹119.16 CrBuyer: Goldman Sachs Bank Europe Se - Odi
Seller: Goldman Sachs (Singapore) Pte - Odi
Sep 2025Market trade₹95.18 CrBuyer: Goldman Sachs Bank Europe Se - Odi
Seller: Goldman Sachs (Singapore) Pte - Odi
Jul 2025Market trade₹55.13 CrBuyer: The Mtbj Ltd. As Trst For Government Pension Investment Fund Mtbj400045849
Seller: The Mtbj Ltd. As Trst For Govrnmnt Pension Invstmnt Fund Mtbj400045828

To see the full deal history of Bharat Electronics Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Bharat Electronics Limited was last rated by Icra on 14 Jan 2022.

Rating agencyRated onRating
Icra14 Jan 2022

To see the full credit ratings and regulatory alerts of Bharat Electronics Limited, buy the company report.

MSME payment delays

Bharat Electronics Limited has 51 MSME Form 1 returns on record between 2011 and 2024, listing 3,166 overdue payments to 481 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 481)

SupplierAmount dueDue sinceReported on
an individual supplier
Milsign Manufacturing LLP
V M Guardforce Private Limited
an individual supplier
Kamadhenu Auto CNC Private Limited

To see the full MSME payment records of Bharat Electronics Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Bharat Electronics has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
2
Associated companies
Key subsidiaries
Company NameCINShares held
Bel Optonic Devices LimitedU32100PN1990GOI058096
Bel-Thales Systems LimitedU32106KA2014GOI076102

To see the full group structure of Bharat Electronics Limited, buy the company report.

Employees & EPFO

Bharat Electronics Limited has a workforce of 6,094 employees on its EPFO records as of Apr 05, 2024, across 3 active EPFO establishments.

Employee count
6,094
Active EPFO establishments
3
Employee growth
-6.09%

GST

Bharat Electronics has 66 GST registrations: 60 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
66
Active
60
Cancelled / inactive
6
GSTINStateStatusRegistered on
29AAACB5985C2ZKKarnatakaActive17 Aug 2017
29AAACB5985C1DUKarnatakaActive26 Oct 2018
05AAACB5985C1ZVUttarakhandActive01 Jul 2017
09AAACB5985C1ZNUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Bharat Electronics Limited, buy the company report.

Recent activity

Bharat Electronics Limited has 187 board changes on record since 2002: 101 appointments and 86 cessations. The latest: Partha Pratim Pathak was appointed as Additional Director on 18 Aug 2026.

Appointed
Partha Pratim Pathak was appointed as Additional Director.
Appointed
Ambrish Tripathi was appointed as Additional Director.
Appointed
Anoop Kumar Rai was appointed as Additional Director.
Charges
A charge with State Bank Of India of Rs. 7,000.00 Cr registered on 16 Oct 2001 with Charge ID 80037904 was modified on 20 May 2026.
Filing
Bharat Electronics Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
AGM
Bharat Electronics Limited last Annual general meeting of members was held on 28 Aug 2025 as per latest MCA records.
Appointed
Meera Mohanty was appointed as Nominee Director.
Ceased
Rajeev Prakash ceased to be Additional Director.
Appointed
Kamesh Kasana was appointed as Whole-Time Director.
Ceased
Bhanu Prakash Srivastava ceased to be Whole-Time Director.
Appointed
Bharatsinh Prabhatsinh Parmar was appointed as Director.
Appointed
Pradeep Tripathi was appointed as Director.

182 earlier events are in the company report.

News

BEL: Co Secures ₹770 Crore MOD Contract To Supply Improved Low-level Lightweight Radars To The Indian Army For Detecting Fighter-Sized Targets And Countering Mini/Micro Drones.
21 Oct 2026 · Exchange Update
Bharat Electronics: Secures Extra Orders Valued At ₹1011 Crores For Enhanced Lightweight Radar, Communication Gear, Sonar, Jammer, Upgrades, Spare Parts, And Services.
21 Oct 2026 · Exchange Update
BEL: Rs. 18.80 Crores BSE Block Trade; for ~ 500,000 Shares, at Rs. 376.00
13 Oct 2026 · Exchange Update
Bharat Electronics: Secures Orders Totaling ₹533 Crore For Communication Gear, Avionics, Cyber Security Solutions, Drones, Jammers, Software, Upgrades, Spares, And Services.
13 Oct 2026 · Exchange Update
BEL: Rs. 45.04 Crores NSE Block Trade; for ~ 1,185,389 Shares, at Rs. 380.00
07 Oct 2026 · Exchange Update
BEL: Kotak Inst Eqt on BEL Upgrades to Add, Target Price ₹410; ~8% correction over 3 months offers a more balanced risk-reward, supported by a strong pipeline across QRSAM, AMCA and naval programmes (P75I/NGC), with missiles and exports emerging as key medium-term growth drivers; execution and margin normalisation remain risks, while healthy order prospects and long-term defence-spending visibility support the constructive view; FY28–29E EPS cut 4% on moderated execution assumptions.
06 Oct 2026 · Exchange Update

Frequently asked questions

Bharat Electronics is an active public limited union government company based in Bangalore, Karnataka, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 21 April 1954 (72+ years old) and is registered under CIN L32309KA1954GOI000787. Listed on BSE: 500049 and NSE: BEL.

Bharat Electronics reported revenue of ₹27,610 Cr for FY 2025-26 (up 16.2% YoY) based on consolidated financials.

Bharat Electronics has 12 current directors:

The latest financial statements of Bharat Electronics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Bharat Electronics is 29AAACB5985C2ZK, registered in Karnataka. The company has 66 GST registrations in all, of which 60 are active and 6 are cancelled or inactive. Other active GSTINs include 29AAACB5985C1DU (Karnataka), 05AAACB5985C1ZV (Uttarakhand), 09AAACB5985C1ZN (Uttar Pradesh).

The CIN (Corporate Identification Number) of Bharat Electronics is L32309KA1954GOI000787. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Bharat Electronics is a listed company as per MCA records. Its shares are listed on both BSE (code: 500049) and NSE (symbol: BEL).

Bharat Electronics has 710 court cases on record: 283 filed by the company and 439 filed against it. 99 are pending. Most are in the high courts.

Bharat Electronics was incorporated on 21 April 1954, making it 72+ years old. It is registered with the Registrar of Companies, Bangalore.

Bharat Electronics has 26 deals on record (24 market trades, 2 buybacks); the latest was in June 2026.

Partha Pratim Pathak was appointed as Additional Director on 18 Aug 2026. Ambrish Tripathi was appointed as Additional Director on 13 Aug 2026. Anoop Kumar Rai was appointed as Additional Director on 13 Aug 2026. Bharat Electronics has 187 board changes on record in total.