Bharat Electronics Ltd.
NSE: BELBharat Electronics Ltd.: A 30-second snapshot
BEL trades at Rs405.85, down 4.2% over the trailing 3 months and 14.28% below its 52-week high, though still up 5.36% over the past year. Trailing PE of 48.26x (forward 35.96x) is the second-lowest among 6 tracked Infrastructure peers, alongside a 21.4% profit margin and 24.9% five-year revenue growth. Mean analyst rating is 1.48 across 31 analysts on a 1-5 scale where lower is more constructive.
P/E
48.3
Forward P/E
36.0
ROE
—
Debt / Equity
0.27
Profit Margin
+21.4%
Div. Yield
+0.6%
5Y ROE > 15%
4/5
5Y FCF > 0
3/5
Quality
74/100
News
8 headlines · 5 positive · 0 negative
Govt Signs ₹1,476 Crore Deal with BEL for Advanced Electronic Systems for Army - ddnews.gov.in
ddnews.gov.in
Bharat Electronics Q1 Results: Profit In Line With Estimates But Margins Shrink, Revenue Up 25% - NDTV Profit
NDTV Profit
BEL: Q1 FY 2026-27 saw 25% revenue growth, 8% PAT rise, and a ₹72,258 crore order book - TradingView
TradingView
BEL bags ₹572 crore fresh orders for defence systems, communication equipment and services - CNBC TV18
CNBC TV18
Only Four Days Left To Cash In On Bharat Electronics' (NSE:BEL) Dividend - simplywall.st
simplywall.st
Recent context
- ·Government signed a Rs1,476 crore deal with BEL for advanced electronic systems for the Army (ddnews.gov.in, Aug 9).
- ·Q1 FY27 results showed revenue up 25% YoY and profit in line with estimates; coverage of the print noted margins shrank even as profit met expectations, alongside a Rs72,258 crore order book (NDTV Profit / TradingView, Jul 27).
- ·BEL booked Rs572 crore of fresh orders for defence systems, communication equipment and services (CNBC-TV18, Jul 13); separate coverage flagged an approaching dividend record date (simplywall.st, Aug 8).
Strengths
- +Five-year revenue growth of 24.9% and a 21.4% profit margin, with ROE above 15% in 4 of the last 5 years (consistency score 88).
- +Second-lowest trailing PE (48.26x) among the 6 tracked Infrastructure peers -- LT 33.5x, CUMMINSIND 62.9x, Siemens Energy India 85.4x, ABB 101.5x, CGPOWER 111.4x.
- +Minimal balance-sheet leverage, with the debt-to-equity metric equating to roughly 0.003x on this dataset's percent scale, and a flat trend.
- +News flow over the tracked period was net positive (5 positive / 3 neutral / 0 negative of 8 items), including a Rs72,258 crore order book, a Rs572 crore fresh order and a Rs1,476 crore Army systems deal.
Weaknesses
- −Trailing PE of 48.26x screens well above the 5-year earnings CAGR of 8.3%, a gap that showed up again in the Q1 FY27 print, where news coverage flagged margin compression alongside 25% YoY revenue growth.
- −Price is below both the 50-DMA (Rs408.18) and 200-DMA (Rs419.08), down 4.2% over 3 months and 14.28% off its 52-week high.
- −Free cash flow was positive in only 3 of the 5 years in the persistence sample versus ROE above 15% in 4 of those years -- a cash-conversion gap worth tracking.
- −Current-period ROE is missing from the fundamental dataset despite the persistence series showing ROE above 15% in 4 of the last 5 years.
Open questions
- ?Does the 8.3% five-year earnings CAGR justify a trailing PE of 48.26x, or does the 24.9% revenue-growth trajectory point to earnings acceleration not yet visible in trailing numbers?
- ?What is driving the gap between ROE above 15% in 4 of the last 5 years and free cash flow being positive in only 3 of those years?
- ?Why has the stock traded below its 50- and 200-day moving averages even as recent news flow -- order wins and the Q1 print -- skewed positive?
- ?How does BEL's order-book visibility (Rs72,258 crore) and minimal leverage compare with sector peers like L&T and ABB on execution risk and margin trajectory?
Peer comparison: Infrastructure
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| BEL | Bharat Electronics Ltd.You're viewing | 48.3 | — | 50 |
| Industry avg | across 5 peers | 78.9 | +19.1% | 47 |
| ENRIN | Siemens Energy India Ltd. | 85.4 | — | 57 |
| ABB | ABB India Ltd. | 101.5 | +19.1% | 53 |
| CUMMINSIND | Cummins India Ltd. | 62.9 | — | 50 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 111.4 | — | 38 |
| LT | Larsen & Toubro Ltd. | 33.5 | — | 35 |
Technical state
Current price
₹405.85
SMA 50
₹408.18
SMA 200
₹419.08
RSI (14)
53.6 (neutral)
From 52w high
-14.3%
1Y return
+5.4%
3M return
-4.2%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumTrailing PE of 48.26x (forward 35.96x) sits well above the 5-year earnings CAGR of 8.3%, despite revenue growing 24.9% over the same span. Q1 FY27 results showed revenue up 25% YoY, and news coverage of the print flagged margin compression even as profit came in line with estimates.
- lowPrice of Rs405.85 is below both the 50-DMA (Rs408.18) and 200-DMA (Rs419.08), down 4.2% over the trailing 3 months and 14.28% below its 52-week high. RSI of 53.59 remains neutral and the 1-year price change is still positive at +5.36%.
- lowFree cash flow was positive in only 3 of the 5 years in the persistence sample even though ROE exceeded 15% in 4 of those years (consistency score 88); debt-to-equity is minimal with a flat trend, so the gap sits between reported profitability/ROE persistence and cash conversion rather than leverage.
- lowCurrent-period ROE in the fundamental key-metrics block is null despite the persistence dataset showing ROE above 15% in 4 of the last 5 years -- a data completeness gap in the latest read.
Cross-section contradictions
- News sentiment across the 8 most recently tracked headlines is net positive (5 positive, 3 neutral, 0 negative), driven by a Rs72,258 crore order book, a fresh Rs572 crore order and a Rs1,476 crore Army systems deal, yet the stock trades below both its 50- and 200-DMA and is down 4.2% over the trailing 3 months.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 12 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 12 Aug 2026 · rotates through NIFTY 500 every ~5 days