Valuation Bharat Electronics Limited

Stocks

Market Closed - Bombay S.E. Other stock markets 06:29:28 2026-06-12 EDT			5-day change	1st Jan Change
406.55 ^INR	+1.04%		-0.37%	+1.71%

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	2,971,791	-	-
Change	-	68.55%	38.8%	106.51%	49.52%	34.98%	-	-
Enterprise Value (EV) ¹	291,151	438,628	633,592	1,363,187	2,108,345	2,844,765	2,845,231	2,809,091
Change	-	50.65%	44.45%	115.15%	54.66%	34.93%	-0.72%	-1.27%
P/E Ratio	14.8x	21.9x	23.7x	36.6x	41.7x	48.4x	42.4x	36.1x
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	9.31x	8x
EV / Revenue	2.07x	2.86x	3.59x	6.76x	8.91x	10.4x	8.92x	7.56x
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	406.55	406.55	406.55
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	6/22/21	5/23/22	5/20/23	5/20/24	5/19/25	5/19/26	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BHARAT ELECTRONICS LIMITED	48.83x	10.43x	36.23x	0.8%	31.27B
GE AEROSPACE	41.19x	7.39x	30.59x	0.53%	350B
RTX CORPORATION	32.03x	2.92x	17.32x	1.57%	247B
ROLLS-ROYCE HOLDINGS PLC	34.73x	4.66x	21.25x	0.94%	145B
GENERAL DYNAMICS CORPORATION	21.62x	1.82x	14.91x	1.77%	97.27B
NORTHROP GRUMMAN CORPORATION	19.68x	1.97x	13.98x	1.77%	78.17B
BAE SYSTEMS PLC	24.47x	1.79x	12.73x	2.07%	72.77B
RHEINMETALL AG	33.64x	3.8x	16.63x	1.29%	64.97B
ROCKET LAB CORPORATION	-395.48x	63.95x	-1138.99x	-.--%	59.27B
L3HARRIS TECHNOLOGIES, INC.	26.47x	2.8x	15.49x	1.61%	57.34B
Average	-11.28x	10.15x	-95.99x	1.24%	120.3B
Weighted average by Cap.	12.11x	7.45x	-35.64x	1.14%