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Earnings Call

Bharat Electronics Earnings Call: Key Takeaways

Bharat Electronics Limited (BEL) reports consistent growth as a leading Navratna PSU, focusing on 'Make in India' defense electronics and diversifying into non-defense and exports.

Highlights
Revenue growthFY26 target ₹26,750 Cr; steady upward trajectory.
Demand visibilityStrong visibility through government 'Make in India' initiatives.

Growth

FY26 provisional turnover targeted at ₹26,750 Cr, showing consistent CAGR from ₹15,044 Cr in FY22.

Outlook

Targets 84% indigenous turnover; significant R&D spend (~9% of turnover) and 3-tier R&D structure for futuristic technologies.

Risks

Dependence on government defense spending and technological obsolescence; regulatory changes in defense procurement.

Source

Earnings Call filed with NSE, NSE: BEL. Summary written with AI assistance from the document.

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Bharat Electronics Ltd: key numbers

Share price
₹393.55
Market cap
₹2,87,676 Cr
Revenue (annual)
₹27,610 Cr
Net profit (annual)
₹6,062 Cr
P/E (TTM)
46.8×Sector 53.6×
Promoter holding
51.14%+0.00% QoQ
FII holding
18.02%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Bharat Electronics Bags ₹648 Cr Order

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Value
₹648.0 Cr
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