BEL
500049Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Voting Results and Scrutinizer Report of 72nd AGM held on 28.08.2026.
Bharat Electronics Ltd (BEL) is a prominent Indian state-owned defense and aerospace electronics company, headquartered in Bengaluru, India. Established in 1954 under the Ministry of Defence, BEL is recognized as a key supplier of advanced electronic products for the Indian Armed Forces. The company specializes in the design, development, manufacture, and supply of critical electronic solutions including radars, communication systems, naval systems, electronic warfare systems, avionics, and electro-optic equipment.
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Voting Results and Scrutinizer Report of 72nd AGM held on 28.08.2026.
Shareholder Meeting / Postal Ballot-Outcome of AGM
Proceedings of 72nd AGM held on 28.08.2026.
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
Press Release - BEL receives orders worth Rs.730 Crore.
Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication- Addendum to the Notice of 72nd AGM.
Addendum To The Notice Of The 72Nd Annual General Meeting Of The Company Scheduled To Be Held On 28 August 2026.
Addendum to the Notice of 72nd AGM.
Announcement under Regulation 30 (LODR)-Change in Directorate
Intimation of Appointment of Independent Director.
Announcement under Regulation 30 (LODR)-Change in Directorate
Intimation of Appointment of Directors.
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
Press Release - BEL receives orders worth Rs.541 Crore.
Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication.
Business Responsibility and Sustainability Reporting (BRSR)
BRSR for FY 2025-26.
Book Closure Dates.
Book Closure Dates.
Notice Of Record Date.
Notice of Record Date.
Reg. 34 (1) Annual Report.
Integrated Annual Report 2025-26.
Notice Of 72Nd Annual General Meeting And Integrated Annual Report 2025-26.
Notice of 72nd Annual General Meeting and Integrated Annual Report 2025-26.
Bharat Electronics Ltd
About
Bharat Electronics Ltd (BEL) is a prominent Indian state-owned defense and aerospace electronics company, headquartered in Bengaluru, India. Established in 1954 under the Ministry of Defence, BEL is recognized as a key supplier of advanced electronic products for the Indian Armed Forces. The company specializes in the design, development, manufacture, and supply of critical electronic solutions including radars, communication systems, naval systems, electronic warfare systems, avionics, and electro-optic equipment.
BEL operates through a robust network of nine manufacturing units and two research & development centers across India, serving clients primarily in the defense sector, but also in civilian domains such as homeland security, smart cities, and e-governance. The company has a notable export presence, supplying advanced electronic solutions to friendly foreign nations. BEL is known for its strong capabilities in indigenous R&D and innovation, aligning with India's vision of self-reliant defense manufacturing (Atmanirbhar Bharat).
Business Model & Strategy
BEL derives the majority of its revenues from manufacturing and supplying electronic and electro-optical equipment and systems to the Indian defense sector, notably the Army, Navy, and Air Force. Its business model is anchored in multi-year contracts for large-scale projects such as air defense systems, communication networks, and electronic warfare solutions. The company also caters to domestic civil sectors like railways, telecommunications, and homeland security, in addition to a steady pipeline of export orders.
To sustain growth, BEL adopts a dual strategy of continuously upgrading its R&D capabilities and pursuing strategic collaborations with global technology partners, diversification of its product portfolio, and expanding non-defense revenue streams. The company prioritizes indigenous content and technology absorption, while exploring new growth vectors in areas like artificial intelligence-based surveillance, cyber security, space electronics, and smart solutions for civilian applications.
Management Overview
14 MembersMr.Manoj Jain
Executive Director-Chairperson-MDMr.Damodar Bhattad
Executive DirectorMr.Nagarajan Vikraman
Executive DirectorMr.Venkata Suresh Kumar Kaipa
Executive DirectorMr.Rajnish Sharma
Executive DirectorMr.Harikumar Raghavan Nair
Executive DirectorMr.Rajeev Prakash
Non-Executive - Nominee DirectorMr.Binoy Kumar Das
Non-Executive - Nominee DirectorMr.Vishwambhar Singh
Non-Executive - Independent DirectorMr.Pradeep Tripathi
Non-Executive - Independent DirectorMr.Bharatsinh Prabhatsinh Parmar
Non-Executive - Independent DirectorMr.Kamesh Kasana
Executive DirectorMrs.Meera Mohanty
Non-Executive - Nominee DirectorMr.SSreenivas
Company Secretary & Compliance OfficerAwards & Recognition
6 Awards- Forbes Global 2000 listing (2024)
- EPC World Awards 2023 – Best PSU in Defence Electronics
- Ranked among India's 'Most Trusted Brands' in defence electronics (Economic Times, 2024)
- CII Industrial Innovation Award (2023) for technological advancements
- Consistently graded 'Excellent' under MoU with the Government of India
- Included in FTSE4Good Index (2024) for ESG practices
Market Information
Company Timeline
70+ Years of Excellence | 9 Major Milestones
Incorporated in Bengaluru as a public sector undertaking under Ministry of Defence
Commenced manufacturing radar systems
Set up first R&D unit to promote indigenous product development
Launched major diversification into civil application electronics
Listed on NSE and BSE post-IPO
Expanded export business by entering international defense markets
Initiated Smart Cities and e-Governance solution platforms
Signed major strategic partnerships in AI and space electronics
Recognized in Forbes Global 2000 and expanded R&D for cyber-security systems
The Next Evolution
Contact Information
Registered Office
Outer Ring Road, Nagavara
Tel: 080-25039266,25039300,
Fax: 080-25039233,25039305,
Email: secretary@bel.co.in
Website: bel-india.in
Corporate Actions
36| Purpose | Ex Date | Record Date | BC Start | BC End |
|---|---|---|---|---|
Final Dividend ₹0.55 per share | 13 Aug 2026 Thursday | 13 Aug 2026 Thursday | - | - |
Interim Dividend ₹1.95 per share | 06 Mar 2026 Friday | 06 Mar 2026 Friday | - | - |
Final Dividend ₹0.90 per share | 14 Aug 2025 Thursday | 14 Aug 2025 Thursday | - | - |
Interim Dividend ₹1.50 per share | 11 Mar 2025 Tuesday | 11 Mar 2025 Tuesday | - | - |
Final Dividend ₹0.80 per share | 14 Aug 2024 Wednesday | - | 16 Aug 2024 Friday | 18 Aug 2024 Sunday |
Interim Dividend ₹0.70 per share | 22 Mar 2024 Friday | 23 Mar 2024 Saturday | - | - |
Interim Dividend ₹0.70 per share | 09 Feb 2024 Friday | 10 Feb 2024 Saturday | - | - |
Final Dividend ₹0.60 per share | 17 Aug 2023 Thursday | - | 18 Aug 2023 Friday | 20 Aug 2023 Sunday |
Interim Dividend ₹0.60 per share | 24 Mar 2023 Friday | 25 Mar 2023 Saturday | - | - |
Interim Dividend ₹0.60 per share | 10 Feb 2023 Friday | 10 Feb 2023 Friday | - | - |
Bonus issue 2:1 | 15 Sep 2022 Thursday | 16 Sep 2022 Friday | - | - |
Final Dividend ₹1.50 per share | 08 Aug 2022 Monday | - | 11 Aug 2022 Thursday | 14 Aug 2022 Sunday |
Interim Dividend ₹1.50 per share | 24 Mar 2022 Thursday | 26 Mar 2022 Saturday | - | - |
Interim Dividend ₹1.50 per share | 09 Feb 2022 Wednesday | 10 Feb 2022 Thursday | - | - |
Final Dividend ₹1.20 per share | 14 Sep 2021 Tuesday | - | 16 Sep 2021 Thursday | 19 Sep 2021 Sunday |
Interim Dividend ₹1.40 per share | 23 Mar 2021 Tuesday | 24 Mar 2021 Wednesday | - | - |
Interim Dividend ₹1.40 per share | 08 Feb 2021 Monday | 09 Feb 2021 Tuesday | - | - |
Final Dividend ₹1.40 per share | 15 Sep 2020 Tuesday | - | 17 Sep 2020 Thursday | 20 Sep 2020 Sunday |
Interim Dividend ₹1.40 per share | 11 Feb 2020 Tuesday | 12 Feb 2020 Wednesday | - | - |
Final Dividend ₹1.70 per share | 20 Aug 2019 Tuesday | - | 22 Aug 2019 Thursday | 24 Aug 2019 Saturday |
Interim Dividend ₹0.70 per share | 27 Mar 2019 Wednesday | 28 Mar 2019 Thursday | - | - |
Interim Dividend ₹0.70 per share | 19 Mar 2019 Tuesday | 20 Mar 2019 Wednesday | - | - |
Interim Dividend ₹0.30 per share | 08 Feb 2019 Friday | 11 Feb 2019 Monday | - | - |
Final Dividend ₹0.40 per share | 20 Aug 2018 Monday | - | 22 Aug 2018 Wednesday | 24 Aug 2018 Friday |
Interim Dividend ₹1.60 per share | 08 Feb 2018 Thursday | 09 Feb 2018 Friday | - | - |
Buy Back of Shares | 08 Feb 2018 Thursday | 09 Feb 2018 Friday | - | - |
Bonus issue 1:10 | 28 Sep 2017 Thursday | 29 Sep 2017 Friday | - | - |
Final Dividend ₹1.05 per share | 14 Aug 2017 Monday | - | 17 Aug 2017 Thursday | 21 Aug 2017 Monday |
Interim Dividend ₹0.90 per share | 29 Mar 2017 Wednesday | 30 Mar 2017 Thursday | - | - |
Stock Split From Rs.10/- to Rs.1/- | 16 Mar 2017 Thursday | 17 Mar 2017 Friday | - | - |
Interim Dividend ₹3 per share | 02 Feb 2017 Thursday | 04 Feb 2017 Saturday | - | - |
Buy Back of Shares | 26 Sep 2016 Monday | 27 Sep 2016 Tuesday | - | - |
Final Dividend ₹14.50 per share | 18 Aug 2016 Thursday | - | 22 Aug 2016 Monday | 24 Aug 2016 Wednesday |
Interim Dividend ₹2.50 per share | 04 Feb 2016 Thursday | 05 Feb 2016 Friday | - | - |
Bonus issue 2:1 | 14 Sep 2015 Monday | 15 Sep 2015 Tuesday | - | - |
Final Dividend ₹23.20 per share | 10 Aug 2015 Monday | - | 12 Aug 2015 Wednesday | 14 Aug 2015 Friday |
₹2,99,701 Cr.
₹411
₹473 / 362
48.87
₹32.84
12.5
₹8.4
₹1.00
0.61 %
Manage Ratio
FINANCIALS
| Annual Results | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | - | - | - | 12,237 | 13,067 | 14,234 | 15,600 | 18,015 | 20,938 | 24,511 | 28,176 | 29,290 |
| Expenses | - | - | - | 9,609 | 10,589 | 11,292 | 12,433 | 14,092 | 15,672 | 17,412 | 20,123 | 21,120 |
| Profit | - | - | - | 1,887 | 1,825 | 2,100 | 2,400 | 2,986 | 3,985 | 5,323 | 6,062 | 6,148 |
| Tax | - | - | - | 780 | 686 | 872 | 812 | 983 | 1,323 | 1,812 | 2,029 | 2,063 |
| EPS | - | - | - | 8 | 7 | 9 | 10 | 4 | 5 | 7 | 8 | 1.44 |
| Ratios | - |
Cash Flow
Consolidated Figures in Rs. Crores
| Annual Balance Sheet | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | - | - | - | 20,821 | 24,348 | 29,492 | 33,911 | 35,491 | 39,527 | 40,832 | 44,538 | - |
| Equity And Liabilities | - | - | - | 20,821 | 24,348 | 29,492 | 33,911 | 35,491 | 39,527 | 40,832 | 44,538 | - |
Shareholding Pattern
Numbers in Percentages
| Quarterly SHP Announcement Date | Mar 2016 12 Apr '16 | Mar 2017 31 Mar '17 | Mar 2018 31 Mar '18 | Mar 2019 11 Apr '19 | Mar 2020 30 Apr '20 | Mar 2021 08 Apr '21 | Mar 2022 19 Apr '22 | Mar 2023 13 Apr '23 | Mar 2024 12 Apr '24 | Mar 2025 10 Apr '25 | Mar 2026 16 Apr '26 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goverments | - | - | - | - | - | - | - | - | - | - | - | - |
| Promoter And Promoter Group | - | - | - | 58.83% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | - |
| Non Institutions | - | - | - | 10.80% | 7.95% | 7.07% | 5.38% | 6.94% | 8.66% | 10.43% | 9.37% | - |
| FII | - | - | - | - | - | - | - | 16.42% | 17.56% | 17.56% | 19.50% | - |
| DII | - | - | - | - | - | - | - | 25.50% | 22.64% | 20.88% | 19.99% | - |
| Total | - | - | - | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | - |
Bharat Electronics Ltd
Bharat Electronics Ltd
Bharat Electronics Ltd (BEL) is a prominent Indian state-owned defense and aerospace electronics company, headquartered in Bengaluru, India. Established in 1954 under the Ministry of Defence, BEL is recognized as a key supplier of advanced electronic products for the Indian Armed Forces. The company specializes in the design, development, manufacture, and supply of critical electronic solutions including radars, communication systems, naval systems, electronic warfare systems, avionics, and electro-optic equipment.
BEL operates through a robust network of nine manufacturing units and two research & development centers across India, serving clients primarily in the defense sector, but also in civilian domains such as homeland security, smart cities, and e-governance. The company has a notable export presence, supplying advanced electronic solutions to friendly foreign nations. BEL is known for its strong capabilities in indigenous R&D and innovation, aligning with India's vision of self-reliant defense manufacturing (Atmanirbhar Bharat).
BEL derives the majority of its revenues from manufacturing and supplying electronic and electro-optical equipment and systems to the Indian defense sector, notably the Army, Navy, and Air Force. Its business model is anchored in multi-year contracts for large-scale projects such as air defense systems, communication networks, and electronic warfare solutions. The company also caters to domestic civil sectors like railways, telecommunications, and homeland security, in addition to a steady pipeline of export orders.
To sustain growth, BEL adopts a dual strategy of continuously upgrading its R&D capabilities and pursuing strategic collaborations with global technology partners, diversification of its product portfolio, and expanding non-defense revenue streams. The company prioritizes indigenous content and technology absorption, while exploring new growth vectors in areas like artificial intelligence-based surveillance, cyber security, space electronics, and smart solutions for civilian applications.
Forbes Global 2000 listing (2024)
EPC World Awards 2023 – Best PSU in Defence Electronics
Ranked among India's 'Most Trusted Brands' in defence electronics (Economic Times, 2024)
CII Industrial Innovation Award (2023) for technological advancements
Consistently graded 'Excellent' under MoU with the Government of India
Included in FTSE4Good Index (2024) for ESG practices
Incorporated in Bengaluru as a public sector undertaking under Ministry of Defence
Commenced manufacturing radar systems
Set up first R&D unit to promote indigenous product development
Launched major diversification into civil application electronics
Listed on NSE and BSE post-IPO
Expanded export business by entering international defense markets
Initiated Smart Cities and e-Governance solution platforms
Signed major strategic partnerships in AI and space electronics
Recognized in Forbes Global 2000 and expanded R&D for cyber-security systems
Peer Comparison
| S.No. | Company Name | CMP (₹) | Market Cap (₹ Cr) | Div Yld (%) | NP Qtr (₹ Cr) | Qtr Profit Var (%) | Sales Qtr (₹ Cr) | Qtr Sales Var (%) | ROCE (%) | ROE (%) | Book Value (₹) | EPS TTM (₹) | TTMPE Ratio (₹) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Not Found Data | |||||||||||||
Coming Soon
Heatmap View
Premium Feature| Company | CMP (₹) | MCap (₹ Cr) | EPS TTM (₹) | ||||||||||
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Financial Ratios
Premium Feature| Company Name | P/E (TTM) | EPS (₹) | D/E | NPM | GPM | ROE (%) | ROCE (%) | P/B | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Coming Soon