Valuation Bharat Electronics Limited

Stocks

Delayed Bombay S.E. Other stock markets 14:29:37 25/06/2026 +04			5-day change	1st Jan Change
406.80 ^INR	-1.68%		-5.08%	+1.78%

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	2,973,618	-	-
Change	-	68.55%	38.8%	106.51%	49.52%	35.06%	-	-
Enterprise Value (EV) ¹	291,151	438,628	633,592	1,363,187	2,108,345	2,844,765	2,847,058	2,810,918
Change	-	50.65%	44.45%	115.15%	54.66%	34.93%	-0.72%	-1.27%
P/E	14.8x	21.9x	23.7x	36.6x	41.7x	48.4x	42.5x	36.2x
PBR	2.82x	4.29x	5.25x	9.16x	11.2x	12.4x	10.4x	8.64x
PEG	-	1.6x	0.8x	1.1x	1.3x	3.4x	2.8x	2.1x
Capitalization / Revenue	2.17x	3.35x	4.04x	7.3x	9.31x	10.7x	9.32x	8x
EV / Revenue	2.07x	2.86x	3.59x	6.76x	8.91x	10.4x	8.92x	7.57x
EV / EBITDA	9.15x	13.3x	15.7x	27.3x	31.2x	35.5x	30.8x	26.2x
EV / EBIT	10.3x	15x	17.4x	29.7x	33.3x	38x	32.8x	27.8x
EV / FCF	6.28x	12.2x	107x	34x	-403x	556x	50x	56x
FCF Yield	15.9%	8.22%	0.94%	2.94%	-0.25%	0.18%	2%	1.79%
Dividend per Share ²	1.333	1.5	1.8	2.8	2.4	2.5	3.557	4.118
Rate of return	3.2%	2.13%	1.85%	1.39%	0.8%	0.62%	0.87%	1.01%
EPS ²	2.827	3.213	4.11	5.5	7.23	8.27	9.582	11.25
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	319,112	371,526
EBITDA ¹	31,811	33,092	40,475	49,982	67,676	80,153	92,439	107,372
EBIT ¹	28,148	29,291	36,396	45,857	63,320	74,914	86,863	100,990
Net income ¹	20,654	23,489	30,067	40,200	52,882	60,485	70,006	82,251
Net Debt ¹	-13,667	-75,128	-79,477	-109,368	-93,361	-83,532	-126,560	-162,700
Reference price ²	41.70	70.28	97.55	201.45	301.20	406.80	406.80	406.80
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	48.86x	10.44x	36.25x	0.8%	31.51B
GE AEROSPACE	45.62x	8.16x	33.79x	0.48%	387B
RTX CORPORATION	32.56x	2.96x	17.59x	1.54%	251B
ROLLS-ROYCE HOLDINGS PLC	38.02x	5.11x	23.32x	0.86%	156B
LOCKHEED MARTIN CORPORATION	16.9x	1.65x	11.63x	2.75%	116B
GENERAL DYNAMICS CORPORATION	20.68x	1.74x	14.29x	1.85%	93.08B
NORTHROP GRUMMAN CORPORATION	17.86x	1.81x	12.81x	1.95%	70.92B
BAE SYSTEMS PLC	22.95x	1.69x	12x	2.21%	67.19B
L3HARRIS TECHNOLOGIES, INC.	24.81x	2.64x	14.65x	1.72%	53.75B
Average	29.81x	4.02x	19.59x	1.57%	136.42B
Weighted average by Cap.	33.70x	4.70x	22.38x	1.31%