Valuation Bharat Electronics Limited

Stocks

Market Closed - Bombay S.E. Other stock markets 14:28:57 02/07/2026 +04			5-day change	1st Jan Change
415.20 ^INR	-0.26%		+0.35%	+3.88%

05-27	India seeks proposals for fifth generation combat jets, ANI reports	RE
05-27	India seeks proposals for fifth gen combat aircraft from L&T-Bharat Electronics, Tata Advanced Systems, Bharat Forge-BEML - ANI citing defence officials	RE

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	304,818	513,756	713,069	1,472,555	2,201,705	3,035,020	-	-
Change	-	68.55%	38.8%	106.51%	49.52%	37.85%	-	-
Enterprise Value (EV) ¹	291,151	438,628	633,592	1,363,187	2,108,345	2,844,765	2,906,685	2,870,445
Change	-	50.65%	44.45%	115.15%	54.66%	34.93%	-0.76%	-1.25%
P/E	14.8x	21.9x	23.7x	36.6x	41.7x	48.4x	43.4x	36.9x
PBR	2.82x	4.29x	5.25x	9.16x	11.2x	12.4x	10.6x	8.82x
PEG	-	1.6x	0.8x	1.1x	1.3x	3.4x	2.9x	2.1x
Capitalization / Revenue	2.17x	3.35x	4.04x	7.3x	9.31x	10.7x	9.54x	8.19x
EV / Revenue	2.07x	2.86x	3.59x	6.76x	8.91x	10.4x	9.13x	7.75x
EV / EBITDA	9.15x	13.3x	15.7x	27.3x	31.2x	35.5x	31.5x	26.8x
EV / EBIT	10.3x	15x	17.4x	29.7x	33.3x	38x	33.6x	28.5x
EV / FCF	6.28x	12.2x	107x	34x	-403x	556x	51x	57.2x
FCF Yield	15.9%	8.22%	0.94%	2.94%	-0.25%	0.18%	1.96%	1.75%
Dividend per Share ²	1.333	1.5	1.8	2.8	2.4	2.5	3.544	4.11
Rate of return	3.2%	2.13%	1.85%	1.39%	0.8%	0.62%	0.85%	0.99%
EPS ²	2.827	3.213	4.11	5.5	7.23	8.27	9.559	11.24
Distribution rate	47.2%	46.7%	43.8%	50.9%	33.2%	30.2%	37.1%	36.6%
Net sales ¹	140,638	153,138	176,462	201,694	236,580	274,796	318,259	370,574
EBITDA ¹	31,811	33,092	40,475	49,982	67,676	80,153	92,201	107,168
EBIT ¹	28,148	29,291	36,396	45,857	63,320	74,914	86,520	100,714
Net income ¹	20,654	23,489	30,067	40,200	52,882	60,485	69,837	82,144
Net Debt ¹	-13,667	-75,128	-79,477	-109,368	-93,361	-83,532	-128,335	-164,575
Reference price ²	41.70	70.28	97.55	201.45	301.20	415.20	415.20	415.20
Nbr of stocks (in thousands)	7,309,779	7,309,779	7,309,779	7,309,779	7,309,779	7,309,779	-	-
Announcement Date	22/06/21	23/05/22	20/05/23	20/05/24	19/05/25	19/05/26	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
BHARAT ELECTRONICS LIMITED	50.01x	10.69x	37.13x	0.78%	32.01B
GE AEROSPACE	46.06x	8.24x	34.15x	0.49%	391B
RTX CORPORATION	33.46x	3.03x	18.02x	1.49%	258B
ROLLS-ROYCE HOLDINGS PLC	38.79x	5.22x	23.8x	0.84%	160B
LOCKHEED MARTIN CORPORATION	17.46x	1.7x	11.97x	2.68%	120B
GENERAL DYNAMICS CORPORATION	21.76x	1.83x	15.01x	1.76%	97.98B
NORTHROP GRUMMAN CORPORATION	18.58x	1.88x	13.27x	1.87%	73.85B
BAE SYSTEMS PLC	24.08x	1.76x	12.53x	2.11%	70.83B
ROCKET LAB CORPORATION	-398.96x	62.26x	-1197.73x	-.--%	57.93B
Average	-16.53x	10.73x	-114.65x	1.34%	140.28B
Weighted average by Cap.	14.79x	7.48x	-32.94x	1.2%