Shares of Bharat Electronics were trading at Rs 393 at 11:22 am, a 2.04% increase from the previous close. The stock is a constituent of the Nifty 50 index.
Financial Performance:
Bharat Electronics' financial data shows consistent growth in revenue and net profit over the past few years. Here's a summary of the company's consolidated financial performance:
Quarterly Results:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 4,243.57 Crore | Rs 4,604.90 Crore | Rs 5,770.69 Crore | Rs 9,149.59 Crore | Rs 4,439.74 Crore |
| Net Profit | Rs 780.99 Crore | Rs 1,083.88 Crore | Rs 1,301.27 Crore | Rs 2,121.01 Crore | Rs 960.67 Crore |
| EPS | 1.08 | 1.50 | 1.79 | 2.91 | 1.33 |
The quarterly revenue increased from Rs 4,243.57 Crore in June 2024 to Rs 4,439.74 Crore in June 2025. Similarly, the net profit rose from Rs 780.99 Crore to Rs 960.67 Crore during the same period.
Annual Results:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 14,108.69 Crore | Rs 15,368.18 Crore | Rs 17,734.44 Crore | Rs 20,268.24 Crore | Rs 23,768.75 Crore |
| Net Profit | Rs 2,069.34 Crore | Rs 2,354.46 Crore | Rs 2,940.35 Crore | Rs 3,943.11 Crore | Rs 5,287.15 Crore |
| EPS | 8.62 | 9.85 | 4.09 | 5.45 | 7.28 |
| BVPS | 45.45 | 50.49 | 18.99 | 22.36 | 27.32 |
| ROE | 18.97 | 19.52 | 21.53 | 24.40 | 26.64 |
| Debt to Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
The annual revenue increased from Rs 14,108.69 Crore in 2021 to Rs 23,768.75 Crore in 2025. The net profit also saw a significant rise from Rs 2,069.34 Crore to Rs 5,287.15 Crore during the same period. The company has maintained a debt-to-equity ratio of 0.00 over the years.
Annual Income Statement:
| 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 |
| 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 | |
|---|---|---|---|---|---|
| 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 | |
|---|---|---|---|---|---|
| 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 |
| 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 |
| Contingent Liabilities | Rs 3,902 Crore | Rs 4,461 Crore | Rs 3,156 Crore | Rs 2,610 Crore | Rs 2,487 Crore |
| Ratio | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| 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 |
| 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 on Networth (%) | 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 |
| 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 |
| Debt to Equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio (X) | 782.65 | 800.64 | 292.09 | 707.41 | 462.82 |
| Asset Turnover Ratio (%) | 0.59 | 0.54 | 0.51 | 0.49 | 47.83 |
| Inventory Turnover Ratio (X) | 2.87 | 1.51 | 1.56 | 1.54 | 2.82 |
| 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 |
| 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 |
Bharat Electronics announced a final dividend for the financial year 2024-25, with intimation of payment date on September 9, 2025. Additionally, the company received orders worth Rs. 644 Crore, as announced on September 1, 2025.
Moneycontrol analysis indicates a bullish sentiment for Bharat Electronics as of September 10, 2025.
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