Bharat Electronics Limited Logo

Bharat Electronics Limited

BEL.NS

(3.2)
Stock Price

290,15 INR

0% ROA

27.19% ROE

48.35x PER

Market Cap.

2.048.565.845.000,00 INR

0% DER

0.79% Yield

20.29% NPM

Bharat Electronics Limited Stock Analysis

Bharat Electronics Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Bharat Electronics Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

The stock's ROE exceeds expectations (25.84%), revealing strong profitability and efficient use of shareholders' equity, making it an attractive investment opportunity.

2 DER

The stock has a low debt to equity ratio (0%), which means it has a small amount of debt compared to the ownership it holds

3 Net Profit Growth

With a track record of consistent net profit growth over the past five years, this company presents a compelling investment opportunity due to its strong financial performance.

4 Assets Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

5 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

6 ROA

The stock's ROA (9.36%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

7 Revenue Growth

This company's revenue has shown remarkable growth over the past three years, making it an excellent choice for seeking a consistently prosperous investment.

8 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (896), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

9 PBV

The stock's high Price-to-Book Value (P/BV) ratio (7.21x) suggests it's overvalued, potentially making it an expensive investment.

10 Graham Number

The Graham number analysis indicates that this company's stock price is likely overpriced, raising concerns about its investment potential.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

Bharat Electronics Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Bharat Electronics Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Sell

Bharat Electronics Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Bharat Electronics Limited Revenue
Year Revenue Growth
2003 28.778.049.000
2004 33.400.685.000 13.84%
2005 36.549.677.000 8.62%
2006 40.485.045.000 9.72%
2007 42.067.360.000 3.76%
2008 47.469.263.000 11.38%
2009 53.645.328.000 11.51%
2010 56.265.948.000 4.66%
2011 57.920.379.000 2.86%
2012 61.549.791.000 5.9%
2013 63.416.502.000 2.94%
2014 68.966.704.000 8.05%
2015 73.783.883.000 6.53%
2016 83.246.300.000 11.37%
2017 100.775.900.000 17.39%
2018 118.547.000.000 14.99%
2019 126.365.800.000 6.19%
2020 138.497.100.000 8.76%
2021 150.847.400.000 8.19%
2022 174.041.800.000 13.33%
2023 157.225.200.000 -10.7%
2023 202.682.400.000 22.43%
2024 169.742.800.000 -19.41%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Bharat Electronics Limited Research and Development Expenses
Year Research and Development Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 6.217.100.000 100%
2016 7.076.200.000 12.14%
2017 8.826.300.000 19.83%
2018 0 0%
2019 0 0%
2020 8.730.000.000 100%
2021 107.400.000 -8028.49%
2022 103.500.000 -3.77%
2023 0 0%
2023 12.360.000.000 100%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Bharat Electronics Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2003 1.992.321.000
2004 2.051.157.000 2.87%
2005 1.292.313.000 -58.72%
2006 1.492.468.000 13.41%
2007 1.579.828.000 5.53%
2008 1.530.755.000 -3.21%
2009 3.696.029.000 58.58%
2010 4.225.349.000 12.53%
2011 1.612.498.000 -162.04%
2012 122.197.000 -1219.59%
2013 138.718.000 11.91%
2014 146.120.000 5.07%
2015 153.538.000 4.83%
2016 158.400.000 3.07%
2017 194.900.000 18.73%
2018 210.200.000 7.28%
2019 224.700.000 6.45%
2020 339.500.000 33.81%
2021 329.500.000 -3.03%
2022 393.000.000 16.16%
2023 0 0%
2023 21.427.500.001 100%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Bharat Electronics Limited EBITDA
Year EBITDA Growth
2003 6.170.348.000
2004 8.134.804.000 24.15%
2005 9.873.562.000 17.61%
2006 11.647.804.000 15.23%
2007 12.810.107.000 9.07%
2008 12.205.043.000 -4.96%
2009 11.936.156.000 -2.25%
2010 13.148.855.000 9.22%
2011 12.318.012.000 -6.74%
2012 12.757.718.000 3.45%
2013 13.759.142.000 7.28%
2014 16.852.541.000 18.36%
2015 21.338.549.000 21.02%
2016 23.096.800.000 7.61%
2017 25.115.600.000 8.04%
2018 31.730.500.000 20.85%
2019 30.981.800.000 -2.42%
2020 33.780.600.000 8.29%
2021 35.881.400.000 5.85%
2022 43.666.800.000 17.83%
2023 46.049.200.000 5.17%
2023 50.464.100.000 8.75%
2024 37.928.000.000 -33.05%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Bharat Electronics Limited Gross Profit
Year Gross Profit Growth
2003 12.994.300.000
2004 14.661.748.000 11.37%
2005 16.961.953.000 13.56%
2006 18.063.609.000 6.1%
2007 20.381.198.000 11.37%
2008 15.844.019.000 -28.64%
2009 22.292.971.000 28.93%
2010 23.734.587.000 6.07%
2011 18.724.003.000 -26.76%
2012 22.163.657.000 15.52%
2013 25.212.110.000 12.09%
2014 29.373.581.000 14.17%
2015 34.544.915.000 14.97%
2016 38.957.300.000 11.33%
2017 45.473.000.000 14.33%
2018 58.983.600.000 22.91%
2019 55.340.400.000 -6.58%
2020 58.489.500.000 5.38%
2021 61.741.200.000 5.27%
2022 75.766.200.000 18.51%
2023 75.478.800.000 -0.38%
2023 67.592.300.000 -11.67%
2024 46.168.800.000 -46.4%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Bharat Electronics Limited Net Profit
Year Net Profit Growth
2003 3.303.169.000
2004 4.544.964.000 27.32%
2005 5.989.181.000 24.11%
2006 7.321.400.000 18.2%
2007 8.373.459.000 12.56%
2008 7.529.968.000 -11.2%
2009 7.374.700.000 -2.11%
2010 8.781.572.000 16.02%
2011 8.473.332.000 -3.64%
2012 9.107.778.000 6.97%
2013 9.513.133.000 4.26%
2014 11.972.056.000 20.54%
2015 13.871.302.000 13.69%
2016 15.235.800.000 8.96%
2017 14.317.200.000 -6.42%
2018 18.864.000.000 24.1%
2019 18.238.500.000 -3.43%
2020 20.989.400.000 13.11%
2021 23.988.700.000 12.5%
2022 29.844.200.000 19.62%
2023 31.574.000.000 5.48%
2023 39.845.200.000 20.76%
2024 31.640.000.000 -25.93%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Bharat Electronics Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2003 0
2004 1 0%
2005 1 0%
2006 1 0%
2007 1 100%
2008 1 0%
2009 1 0%
2010 1 100%
2011 1 0%
2012 1 0%
2013 1 0%
2014 2 0%
2015 2 0%
2016 2 0%
2017 2 0%
2018 3 50%
2019 3 0%
2020 3 0%
2021 3 33.33%
2022 4 25%
2023 4 0%
2023 5 20%
2024 4 -25%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Bharat Electronics Limited Free Cashflow
Year Free Cashflow Growth
2003 8.057.500.000
2004 -391.839.000 2156.33%
2005 5.684.506.000 106.89%
2006 2.509.385.000 -126.53%
2007 3.767.547.000 33.39%
2008 2.319.343.000 -62.44%
2009 9.261.775.000 74.96%
2010 28.802.059.000 67.84%
2011 -663.426.000 4441.41%
2012 -19.278.592.000 96.56%
2013 -9.443.076.000 -104.16%
2014 12.064.921.000 178.27%
2015 16.001.892.000 24.6%
2016 -8.547.300.000 287.22%
2017 -14.936.800.000 42.78%
2018 7.846.600.000 290.36%
2019 18.238.300.000 56.98%
2020 46.239.700.000 60.56%
2021 36.526.600.000 -26.59%
2022 6.764.100.000 -440.01%
2023 0 0%
2023 44.466.300.000 100%
2024 0 0%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Bharat Electronics Limited Operating Cashflow
Year Operating Cashflow Growth
2003 9.280.097.000
2004 855.917.000 -984.23%
2005 6.774.042.000 87.36%
2006 3.680.113.000 -84.07%
2007 5.011.990.000 26.57%
2008 4.090.792.000 -22.52%
2009 10.536.942.000 61.18%
2010 30.266.746.000 65.19%
2011 1.788.929.000 -1591.89%
2012 -15.393.861.000 111.62%
2013 -5.695.638.000 -170.27%
2014 14.337.359.000 139.73%
2015 22.573.239.000 36.49%
2016 -607.400.000 3816.37%
2017 -6.865.700.000 91.15%
2018 15.460.800.000 144.41%
2019 25.704.100.000 39.85%
2020 50.932.200.000 49.53%
2021 42.072.200.000 -21.06%
2022 12.668.600.000 -232.1%
2023 0 0%
2023 50.991.600.000 100%
2024 0 0%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Bharat Electronics Limited Capital Expenditure
Year Capital Expenditure Growth
2003 1.222.597.000
2004 1.247.756.000 2.02%
2005 1.089.536.000 -14.52%
2006 1.170.728.000 6.94%
2007 1.244.443.000 5.92%
2008 1.771.449.000 29.75%
2009 1.275.167.000 -38.92%
2010 1.464.687.000 12.94%
2011 2.452.355.000 40.27%
2012 3.884.731.000 36.87%
2013 3.747.438.000 -3.66%
2014 2.272.438.000 -64.91%
2015 6.571.347.000 65.42%
2016 7.939.900.000 17.24%
2017 8.071.100.000 1.63%
2018 7.614.200.000 -6%
2019 7.465.800.000 -1.99%
2020 4.692.500.000 -59.1%
2021 5.545.600.000 15.38%
2022 5.904.500.000 6.08%
2023 0 0%
2023 6.525.300.000 100%
2024 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Bharat Electronics Limited Equity
Year Equity Growth
2003 13.012.750.000
2004 16.534.476.000 21.3%
2005 21.159.630.000 21.86%
2006 26.720.757.000 20.81%
2007 33.235.413.000 19.6%
2008 39.006.379.000 14.79%
2009 44.583.753.000 12.51%
2010 51.350.891.000 13.18%
2011 59.049.645.000 13.04%
2012 64.909.040.000 9.03%
2013 72.240.251.000 10.15%
2014 81.229.411.000 11.07%
2015 89.908.217.000 9.65%
2016 77.494.900.000 -16.02%
2017 80.287.100.000 3.48%
2018 92.248.000.000 12.97%
2019 100.857.000.000 8.54%
2020 110.745.700.000 8.93%
2021 123.022.700.000 9.98%
2022 138.793.800.000 11.36%
2023 163.443.900.000 15.08%
2023 148.338.800.000 -10.18%
2024 163.443.900.000 9.24%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Bharat Electronics Limited Assets
Year Assets Growth
2003 42.077.284.000
2004 44.390.658.000 5.21%
2005 53.154.244.000 16.49%
2006 59.811.973.000 11.13%
2007 70.906.888.000 15.65%
2008 86.736.824.000 18.25%
2009 94.850.382.000 8.55%
2010 133.836.688.000 29.13%
2011 150.409.600.000 11.02%
2012 148.509.580.000 -1.28%
2013 149.757.021.000 0.83%
2014 157.256.022.000 4.77%
2015 185.245.021.000 15.11%
2016 175.963.100.000 -5.27%
2017 189.514.900.000 7.15%
2018 208.205.800.000 8.98%
2019 243.483.100.000 14.49%
2020 294.919.300.000 17.44%
2021 339.105.800.000 13.03%
2022 354.911.700.000 4.45%
2023 395.266.800.000 10.21%
2023 362.669.100.000 -8.99%
2024 0 0%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Bharat Electronics Limited Liabilities
Year Liabilities Growth
2003 29.064.534.000
2004 27.856.182.000 -4.34%
2005 31.994.614.000 12.93%
2006 33.091.216.000 3.31%
2007 37.671.475.000 12.16%
2008 47.730.445.000 21.07%
2009 50.266.629.000 5.05%
2010 82.485.797.000 39.06%
2011 91.359.955.000 9.71%
2012 83.600.540.000 -9.28%
2013 77.516.770.000 -7.85%
2014 76.026.611.000 -1.96%
2015 95.336.804.000 20.25%
2016 98.468.200.000 3.18%
2017 109.227.800.000 9.85%
2018 115.957.800.000 5.8%
2019 142.626.100.000 18.7%
2020 184.173.600.000 22.56%
2021 216.083.100.000 14.77%
2022 216.117.900.000 0.02%
2023 231.822.900.000 6.77%
2023 214.330.300.000 -8.16%
2024 0 0%

Bharat Electronics Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
28.57
Net Income per Share
5.8
Price to Earning Ratio
48.35x
Price To Sales Ratio
9.81x
POCF Ratio
474.82
PFCF Ratio
474.82
Price to Book Ratio
12.53
EV to Sales
10.34
EV Over EBITDA
38.37
EV to Operating CashFlow
500.45
EV to FreeCashFlow
500.45
Earnings Yield
0.02
FreeCashFlow Yield
0
Market Cap
2.048,57 Bil.
Enterprise Value
2.159,13 Bil.
Graham Number
54
Graham NetNet
15.13

Income Statement Metrics

Net Income per Share
5.8
Income Quality
0.1
ROE
0.27
Return On Assets
0
Return On Capital Employed
0
Net Income per EBT
0.76
EBT Per Ebit
1.08
Ebit per Revenue
0.25
Effective Tax Rate
0.25

Margins

Sales, General, & Administrative to Revenue
0.06
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.4
Operating Profit Margin
0.25
Pretax Profit Margin
0.27
Net Profit Margin
0.2

Dividends

Dividend Yield
0.01
Dividend Yield %
0.79
Payout Ratio
0
Dividend Per Share
2.2

Operating Metrics

Operating Cashflow per Share
0.59
Free CashFlow per Share
0.59
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.24
Return on Tangible Assets
0
Days Sales Outstanding
0
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
0
Payables Turnover
0
Inventory Turnover
0
Capex per Share
0

Balance Sheet

Cash per Share
15,13
Book Value per Share
0,00
Tangible Book Value per Share
0
Shareholders Equity per Share
22.36
Interest Debt per Share
0.01
Debt to Equity
0
Debt to Assets
0
Net Debt to EBITDA
1.97
Current Ratio
0
Tangible Asset Value
0,00 Bil.
Net Current Asset Value
110,57 Bil.
Invested Capital
110565900000
Working Capital
110,57 Bil.
Intangibles to Total Assets
0
Average Receivables
36,97 Bil.
Average Payables
18,53 Bil.
Average Inventory
37234450000
Debt to Market Cap
0

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Bharat Electronics Limited Dividends
Year Dividends Growth
2002 5
2003 7 28.57%
2004 14 50%
2005 11 -27.27%
2006 11 -10%
2007 18 44.44%
2008 21 10%
2009 19 -11.11%
2010 19 5.26%
2011 22 9.52%
2012 21 -5%
2013 22 9.09%
2014 23 4.35%
2015 29 20.69%
2016 17 -70.59%
2017 5 -325%
2018 2 -100%
2019 5 50%
2020 3 -100%
2021 4 33.33%
2022 5 25%
2023 2 -300%
2024 2 50%

Bharat Electronics Limited Profile

About Bharat Electronics Limited

Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. Its defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, shelters and masts, simulators, and batteries; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and microelectro mechanical systems, such as pressure transducers, and conductivity temperature and depth sensors. The company's non-defense products comprise e-governance systems, homeland security products, civilian radars, and telecom and broadcast systems; integrated traffic management systems, real time train information systems, and solar power solutions; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, and multichannel voice logging recorder systems. It offers electronic manufacturing services, including PCB assembly and testing, precision machining and fabrication, opto electronic components and assemblies, microwave integrated circuit assemblies, super components modules, cable assemblies and wiring harnesses, and antennae manufacturing services; designs and manufactures transformers, coils, chokes, and sub-assemblies; and software services. Further, the company offers cyber security products, such as data diodes and secure storage products; EV charging stations; and platform screen doors. It provides security architecture conceptualization and consulting, and information security audit services. The company also exports its products to the United States, France, China, Germany, Switzerland, ASEAN countries, Mauritius, the Republic of Armenia, Sri Lanka, Sweden, and Israel. Bharat Electronics Limited was incorporated in 1954 and is based in Bengaluru, India.

CEO
Mr. Manoj Jain
Employee
11.444
Address
Outer Ring Road
Bengaluru, 560045

Bharat Electronics Limited Executives & BODs

Bharat Electronics Limited Executives & BODs
# Name Age
1 Mr. Bhanu Prakash Srivastava
Director of Other Units, R&D and Director
70
2 Mr. Kaipa Venkata Suresh Kumar
Director of Marketing, Chief Indigenization Officer & Director
70
3 Mr. S. Sreenivas
Company Secretary & Compliance Officer
70
4 Mr. Nagarajan Vikraman
Director of HR & Additional Director
70
5 Mr. Manoj Jain
MD & Chairman
70
6 Mr. Damodar S Bhattad
Chief Financial Officer, Director of Finance & Director
70
7 Mr. Shrikant Walgad I.A.S.
Chief Vigilance Officer
70
8 Dr. Binoy Kumar Das
Part-Time Government Additional Director
70

Bharat Electronics Limited Competitors