Shares of Bharat Electronics declined 2.16% to Rs 380.85 in Tuesday's trading session, making it one of the top losers on the Nifty 50. Other notable losers on the Nifty 50 included Eternal, NTPC, SBI Life Insura, and Bajaj Finserv. At 10:30 am, the Nifty 50 index was trading with negative bias.
The consolidated financial performance of Bharat Elec reveals the following trends:
Quarterly Results:
Revenue for the quarter-ending June 2025 stood at Rs 4,439.74 Crore, compared to Rs 4,243.57 Crore in June 2024. Net profit for the same period was Rs 960.67 Crore, up from Rs 780.99 Crore year-over-year. Earnings per share (EPS) increased to Rs 1.33 in June 2025 from Rs 1.08 in June 2024.
Annual Results:
For the year-ending March 2025, revenue reached Rs 23,768.75 Crore, a notable increase from Rs 20,268.24 Crore in 2024. Net profit also rose to Rs 5,287.15 Crore, compared to Rs 3,943.11 Crore in the previous year. The EPS for the year-ending March 2025 was Rs 7.28, compared to Rs 5.45 for the year-ending March 2024.
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 4,439 Crore | Rs 9,149 Crore | Rs 5,770 Crore | Rs 4,604 Crore | Rs 4,243 Crore |
| Other Income | Rs 163 Crore | Rs 194 Crore | Rs 186 Crore | Rs 157 Crore | Rs 203 Crore |
| Total Income | Rs 4,603 Crore | Rs 9,344 Crore | Rs 5,957 Crore | Rs 4,762 Crore | Rs 4,447 Crore |
| Total Expenditure | Rs 3,322 Crore | Rs 6,471 Crore | Rs 4,212 Crore | Rs 3,316 Crore | Rs 3,403 Crore |
| EBIT | Rs 1,280 Crore | Rs 2,873 Crore | Rs 1,744 Crore | Rs 1,446 Crore | Rs 1,044 Crore |
| Interest | Rs 1 Crore | Rs 5 Crore | Rs 1 Crore | Rs 1 Crore | Rs 1 Crore |
| Tax | Rs 318 Crore | Rs 746 Crore | Rs 442 Crore | Rs 361 Crore | Rs 261 Crore |
| Net Profit | Rs 960 Crore | Rs 2,121 Crore | Rs 1,301 Crore | Rs 1,083 Crore | Rs 780 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 23,768 Crore | Rs 20,268 Crore | Rs 17,734 Crore | Rs 15,368 Crore | Rs 14,108 Crore |
| Other Income | Rs 742 Crore | Rs 670 Crore | Rs 280 Crore | Rs 231 Crore | Rs 124 Crore |
| Total Income | Rs 24,511 Crore | Rs 20,938 Crore | Rs 18,015 Crore | Rs 15,599 Crore | Rs 14,233 Crore |
| Total Expenditure | Rs 17,402 Crore | Rs 15,665 Crore | Rs 14,077 Crore | Rs 12,428 Crore | Rs 11,285 Crore |
| EBIT | Rs 7,108 Crore | Rs 5,273 Crore | Rs 3,937 Crore | Rs 3,171 Crore | Rs 2,948 Crore |
| Interest | Rs 9 Crore | Rs 7 Crore | Rs 14 Crore | Rs 5 Crore | Rs 6 Crore |
| Tax | Rs 1,811 Crore | Rs 1,323 Crore | Rs 982 Crore | Rs 811 Crore | Rs 872 Crore |
| Net Profit | Rs 5,287 Crore | Rs 3,943 Crore | Rs 2,940 Crore | Rs 2,354 Crore | Rs 2,069 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 586 Crore | Rs 4,659 Crore | Rs 1,266 Crore | Rs 4,207 Crore | Rs 5,093 Crore |
| Investing Activities | Rs 616 Crore | -Rs 5,923 Crore | Rs 2,690 Crore | -Rs 4,871 Crore | -Rs 2,595 Crore |
| Financing Activities | -Rs 1,696 Crore | -Rs 1,475 Crore | -Rs 1,312 Crore | -Rs 1,077 Crore | -Rs 1,075 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | -Rs 492 Crore | -Rs 2,739 Crore | Rs 2,644 Crore | -Rs 1,742 Crore | Rs 1,422 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Equities & Liabilities | |||||
| Share Capital | Rs 730 Crore | Rs 730 Crore | Rs 730 Crore | Rs 243 Crore | Rs 243 Crore |
| Reserves & Surplus | Rs 19,242 Crore | Rs 15,595 Crore | Rs 13,130 Crore | Rs 12,042 Crore | Rs 10,815 Crore |
| Current Liabilities | Rs 19,752 Crore | Rs 22,026 Crore | Rs 20,565 Crore | Rs 19,581 Crore | Rs 16,831 Crore |
| Other Liabilities | Rs 1,105 Crore | Rs 1,173 Crore | Rs 1,063 Crore | Rs 2,043 Crore | Rs 1,600 Crore |
| Total Liabilities | Rs 40,831 Crore | Rs 39,526 Crore | Rs 35,491 Crore | Rs 33,910 Crore | Rs 29,491 Crore |
| Assets | |||||
| Fixed Assets | Rs 4,471 Crore | Rs 3,928 Crore | Rs 3,817 Crore | Rs 3,681 Crore | Rs 3,534 Crore |
| Current Assets | Rs 34,857 Crore | Rs 34,062 Crore | Rs 30,047 Crore | Rs 27,293 Crore | Rs 23,754 Crore |
| Other Assets | Rs 1,502 Crore | Rs 1,534 Crore | Rs 1,625 Crore | Rs 2,935 Crore | Rs 2,202 Crore |
| Total Assets | Rs 40,831 Crore | Rs 39,526 Crore | Rs 35,491 Crore | Rs 33,910 Crore | Rs 29,491 Crore |
| Other Info | |||||
| Contingent Liabilities | Rs 0 Crore | Rs 4,461 Crore | Rs 3,156 Crore | Rs 2,610 Crore | Rs 2,487 Crore |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Per Share Ratios | |||||
| Basic EPS (Rs.) | 7.28 | 5.45 | 4.09 | 9.85 | 8.62 |
| Diluted EPS (Rs.) | 7.28 | 5.45 | 4.09 | 9.85 | 8.62 |
| Book Value / Share (Rs.) | 27.32 | 22.36 | 18.99 | 50.49 | 45.45 |
| Dividend/Share (Rs.) | 2.40 | 2.20 | 1.80 | 4.50 | 4.00 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
| Margin Ratios | |||||
| Gross Profit Margin (%) | 31.87 | 28.20 | 24.62 | 23.24 | 23.64 |
| Operating Margin (%) | 29.90 | 26.01 | 22.20 | 20.63 | 20.89 |
| Net Profit Margin (%) | 22.24 | 19.45 | 16.57 | 15.32 | 14.66 |
| Return Ratios | |||||
| Return on Networth / Equity (%) | 26.64 | 24.40 | 21.53 | 19.52 | 18.97 |
| ROCE (%) | 33.72 | 30.13 | 26.38 | 22.13 | 23.28 |
| Return On Assets (%) | 13.03 | 10.08 | 8.40 | 7.07 | 7.11 |
| Liquidity Ratios | |||||
| Current Ratio (X) | 1.76 | 1.55 | 1.46 | 1.39 | 1.41 |
| Quick Ratio (X) | 1.30 | 1.21 | 1.15 | 1.11 | 1.11 |
| Leverage Ratios | |||||
| Debt to Equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratios (X) | 782.65 | 800.64 | 292.09 | 707.41 | 462.82 |
| Turnover Ratios | |||||
| Asset Turnover Ratio (%) | 0.59 | 0.54 | 0.51 | 0.49 | 47.83 |
| Inventory Turnover Ratio (X) | 1.52 | 1.51 | 1.56 | 1.54 | 2.82 |
| Growth Ratios | |||||
| 3 Yr CAGR Sales (%) | 24.36 | 19.86 | 16.94 | 12.40 | 16.47 |
| 3 Yr CAGR Net Profit (%) | 49.85 | 38.04 | 28.07 | 12.87 | 21.26 |
| Valuation Ratios | |||||
| P/E (x) | 41.39 | 36.97 | 23.85 | 7.13 | 4.84 |
| P/B (x) | 11.02 | 9.02 | 5.14 | 4.18 | 2.76 |
| EV/EBITDA (x) | 27.80 | 23.83 | 14.48 | 12.27 | 7.62 |
| P/S (x) | 9.26 | 7.27 | 4.02 | 3.34 | 2.16 |
Corporate Actions
Bharat Elec's corporate actions include the announcement of the appointment of a Cost Auditor, the appointment of a Secretarial Auditor, and the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025.
The company has also announced dividends. An interim dividend of Rs 1.50 per share (150%) was announced on March 5, 2025, with an effective date of March 11, 2025.
Bharat Elec had bonus issues with bonus ratio of 2:1 on September 15, 2022, bonus ratio of 1:10 on September 28, 2017 and bonus ratio of 2:1 on September 14, 2015.
On January 27, 2017, Bharat Elec had a stock split with old face value of Rs 10 and new face value of Rs 1. Ex-split date was March 16, 2017 and record date was March 17, 2017.
Moneycontrol analysis indicates a bearish sentiment on the stock as of July 24, 2025.
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