Here is a data-driven look at Bharat Electronics Ltd. (BEL), covering financial performance, valuation, and shareholding trends.
Bharat Electronics Revenue Trend
Revenue for Bharat Electronics Ltd. came in at ₹23,769 Cr in FY2025, growing 17.3% year-over-year.
Revenue compounded at 13.2% annually over 10 years for Bharat Electronics Ltd.. That's a strong growth rate that comfortably outpaces inflation.
At ₹23,769 Cr in annual revenue, Bharat Electronics Ltd. is one of the major players in the electronics - industrial space.
Looking at the year-on-year numbers, Bharat Electronics Ltd. has seen 10 years of unbroken revenue growth.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹23,769 Cr | +17.3% |
| FY2024 | ₹20,268 Cr | +14.3% |
| FY2023 | ₹17,734 Cr | +15.4% |
| FY2022 | ₹15,368 Cr | +8.9% |
| FY2021 | ₹14,109 Cr | — |
View Bharat Electronics Ltd.'s full 10-year revenue trend with CAGR analysis →
Bharat Electronics Profitability
Bharat Electronics Ltd. delivered net profit of ₹5,321 Cr in FY2025, a solid 33.6% jump from ₹3,985 Cr in FY2024.
The company squeezed out better margins in FY2025, with net margin at 22.4% versus 19.7% in FY2024.
The diluted EPS figure moved up to ₹7.28 in FY2025, against ₹5.45 posted in FY2024.
Is Bharat Electronics Undervalued
Bharat Electronics Ltd. shares are currently trading at ₹408.15.
Craytheon calculates intrinsic value using the P/E Ratio and EPS Growth models. Both appear in the Valuation Models cards below.
Valuation Models
Bharat Electronics Balance Sheet
Proportional view as of 20 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹408.32B at the end of FY2025, up 3.3% from ₹395.27B a year earlier.
Cash & ST Investments is the largest block at 23.4%, followed by Inventories at 22.3% and Receivables at 22.3%.
Equity makes up 49.0% of liabilities and equity, with debt at 0.1% and operating liabilities at 50.9%. Over the year, debt is down 2.0% and equity is up 22.3%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 95.45B |
| Receivables | 91.16B |
| Inventories | 91.19B |
| Property, Plant & Equipment | 36.82B |
| Investments | 7.43B |
| Intangibles & Goodwill | 7.89B |
| Other Assets | 78.37B |
| Category | Value |
|---|---|
| Equity | 199.93B |
| Short-term Debt | 25.40M |
| Long-term Debt | 586.90M |
| Trade Payables | 33.39B |
| Other Liabilities | 174.39B |
Bharat Electronics — The Bottom Line
In summary, Bharat Electronics Ltd. (BEL) presents the following picture for fundamental analysts.
Revenue of ₹23,769 Cr in FY2025, up 17.3% year-over-year.
Long-term revenue has been compounding at 13.2% annually over 10 years.
The company is profitable, with a net margin of 22.4% and net income of ₹5,321 Cr.
Unlock Full Analysis
Get the complete view of Bharat Electronics Ltd. on Craytheon — 10 years of financials, three valuation models, and institutional holding trends.