B

Bharat Electronics Limited

BELNSE
Market snapshot · 2026-08-11 12:17 UTC

405.85

+₹1.50 (+0.37%)

MARKET CAP

₹2.97L Cr

STOCK P/E

48.3x

52W HIGH

₹473.45

52W LOW

₹361.20

BOOK VALUE

₹32.82

EPS

₹8.41

ROE

SECTOR

Information Technology

DEBT/EQUITY

0.27

VOLUME

68.01L

P/B RATIO

12.37x

PEG RATIO

5.81

Sector

Information Technology

Themes

Electronic EquipmentsPsuSemiconductorSpace
D
Dividend
E
Earnings
₹468.45₹443.29₹418.14₹392.99₹367.83VolumeDEEDEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BEL.

31.00 analysts

Price Forecast

Current
₹405.85
High Target
₹550.00
▲ +35.5%
Median Target
₹500.00
▲ +23.2%
Low Target
₹346.00
▼ -14.7%
Now₹405.85High ₹550.00Median ₹500.00Low ₹346.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
31 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹355.07 - ₹490.3380%
6M₹341.44 - ₹538.9580%
12M₹328.35 - ₹626.1480%
Realized vol: +25.2% · Drift: +14.3%

Revenue Forecast

₹ Cr
Jun '26Current₹5,533.0
Sep 2026 ETrend estimate range
High₹7,482.3Base₹6,928.1Low₹6,373.8
Sep '25: ₹5,764.0 · Dec '25: ₹7,122.0 · Mar '26: ₹10,177.0 · Jun '26: ₹5,533.0 · Sep '26: ₹6,928.1 · Dec '26: ₹8,560.4
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E5,764.07,122.010,177.05,533.06,928.18,560.4
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹1.43
Sep 2026 ETrend estimate range
High₹2.19Base₹1.95Low₹1.72
Sep '25: ₹1.76 · Dec '25: ₹2.18 · Mar '26: ₹3.01 · Jun '26: ₹1.43 · Sep '26: ₹1.95 · Dec '26: ₹2.42
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1.762.183.011.431.952.42
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
70%
Analyst Consensus
Positive

From 31 analysts

Mean upside+20.8%

Fundamentals

Strong

Fundamentals institutional score is 70 using growth durability 70.5.

Valuation

Fairly valued

Valuation institutional score is 52 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 71 using mean target upside 20.8%; dispersion penalty 16.6; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 64 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and analyst consensus provide support, while valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price490.3 target
Mean Upside+20.8%
Technical Score64%
Fundamental Score71%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 35.3% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +0.98). Confidence: 68%.

Live forward EPS implies next-12-month EPS of ₹11.29. Applying the stock's normalized valuation corridor produces a fair range of ₹318.72 to ₹545.53, with base value near ₹402.83 (-0.7% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹11.29

Forward P/E

36.0x

Base Fair Value

₹402.83

Fair Range

₹318.72 - ₹545.53

Upside To Base

-0.7%

Estimate Source

Live forward EPS

Growth Estimate

+8.3%

P/E
Strongly Overvalued

5Y Average

26.87

Current

48.26

Overvalued

48.32

Undervalued

28.23

EV/EBITDA
Strongly Overvalued

5Y Average

19.52

Current

35.06

Overvalued

32.05

Undervalued

8.36

P/B
Strongly Undervalued

5Y Average

13.97

Current

12.37

Overvalued

15.00

Undervalued

12.55

Peers & Comparison

Sector: Information Technology · Theme: Electronic Equipments

Electronic Equipments Peers8 peers
Avg P/E: 91.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
GNG ELECTRONICS LIMITED
EBGNGElectronic Equipments
+32.1%7.2%
43.3x
Undervalued
-52% vs avg
+72.7%
SHILCHAR TECHNOLOGIES LTD
SHILCTECHElectronic Equipments
-34.4%24.1%
32.7x
Undervalued
-64% vs avg
+10.5%
ELIN ELECTRONICS LIMITED
ELINElectronic Equipments
+22.8%-0.6%
20.4x
Undervalued
-78% vs avg
-44.0%
ADITYA INFOTECH LIMITED
CPPLUSElectronic Equipments
+45.5%8.7%
117.5x
Premium
+29% vs avg
+254.7%
NITIRAJ ENGINEERS LTD
NITIRAJElectronic Equipments
-63.8%2.3%
205.4x
Premium
+125% vs avg
+6.0%
PG ELECTROPLAST LTD
PGELElectronic Equipments
-10.1%3.7%
90.1x
Fair
-1% vs avg
+20.7%
APOLLO MICRO SYSTEMS LTD
APOLLOElectronic Equipments
+81.3%12.5%
128.3x
Premium
+41% vs avg
+106.9%
JINDAL PHOTO LIMITED
JINDALPHOTElectronic Equipments
-96.4%0.0%
+29.6%
WHY THESE PEERS

Comparable-scale peer data is limited — showing nearest stored business/industry peers instead of an empty comparison.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹5.53K CrJun 2026

Latest net profit

₹1.05K CrJun 2026

Latest EPS

₹1.43Jun 2026

Net margin

25.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%8.0%16.0%24.0%32.0%0.00 Cr3.00K Cr6.00K Cr9.00K Cr12.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr3.00K Cr6.00K Cr9.00K Cr12.00K Cr₹0₹1₹2₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-15.00K Cr0.00 Cr15.00K Cr30.00K Cr45.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +3,5113,9934,1378,5294,1994,5835,7569,1204,4175,7647,12210,1775,533
Expenses +2,8462,9893,0876,2493,2623,1954,1036,3313,1774,0685,0047,2154,144
Operating Profit6641,0041,0492,2809371,3891,6532,7891,2401,6952,1182,9621,389
OPM %19%25%25%27%22%30%29%31%28%29%30%29%25%
Other Income +142171223221202167205194164159160108167
Interest1214111612221
Depreciation101100100111100103103130113118127165153
Profit before tax7041,0731,1722,3861,0371,4511,7542,8481,2891,7342,1482,9041,403
Tax %25%24%24%25%25%25%25%26%25%26%26%24%25%
Net Profit +5318128931,7847761,0911,3162,1059691,2861,5902,2031,048
EPS in Rs0.731.111.222.441.061.491.802.881.331.762.183.011.43
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +51.14%51.14%51.14%51.14%51.14%
FIIs +18.56%18.14%18.51%19.51%18.02%
DIIs +20.60%20.88%20.47%20.00%21.02%
Public +9.70%9.84%9.87%9.37%9.82%
Others0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 05, 2026PDFCompany Reports Open

Business Responsibility and Sustainability Reporting (BRSR)

Aug 05, 2026PDFCompany Reports Open

Book Closure Dates.

Aug 05, 2026PDFCompany Reports Open

Notice Of Record Date.

Aug 05, 2026PDFCompany Reports Open

Reg. 34 (1) Annual Report.

Aug 05, 2026PDFCompany Reports Open