Financials of Bharat Electronics Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Bharat Electronics Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +6,4793,5334,0094,1628,5644,2444,6055,7719,1504,4405,7927,15410,224
Expenses +4,6472,8602,9953,0906,2773,2953,2054,1016,3343,2014,0905,0277,243
Operating Profit1,8326731,0141,0722,2879481,4001,6692,8161,2381,7022,1272,982
OPM %28%19%25%26%27%22%30%29%31%28%29%30%29%
Other Income +66140137167225204158186195163154139110
Interest2121411161222
Depreciation114109108107119108111111138121126135173
Profit before tax1,7827031,0411,1322,3901,0431,4451,7442,8671,2791,7282,1282,917
Tax %23%25%25%25%25%25%25%25%26%25%26%26%24%
Net Profit +1,3825397908601,7977911,0931,3122,1279691,2871,5802,226
EPS in Rs1.890.741.081.182.461.081.491.792.911.331.762.163.04

Financials of Bharat Electronics Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +7,0937,3548,65610,40112,16412,96814,10915,36817,73420,26823,76927,610
Expenses +5,9135,9616,8648,3619,25510,20910,89512,02413,64515,21716,93219,561
Operating Profit1,1791,3931,7922,0392,9092,7593,2143,3444,0905,0516,8378,049
OPM %17%19%21%20%24%21%23%22%23%25%29%29%
Other Income +5075734201967399125232281670742566
Interest7101861681091912137
Depreciation166192212272338372387401429443467556
Profit before tax1,5131,7641,9831,9572,6282,4782,9423,1663,9235,2667,0998,053
Tax %21%24%24%28%30%28%30%26%25%25%26%25%
Net Profit +1,1971,3371,5231,4311,8871,8252,1002,4002,9863,9855,3236,062
EPS in Rs1.511.692.071.962.582.502.873.284.085.457.288.29
Dividend Payout %20%31%33%34%44%37%46%46%44%40%33%30%

Financials of Bharat Electronics Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital80240223244244244244244731731731731
Reserves8,0379,0067,5127,7728,9689,82810,81612,04213,13115,59519,24323,257
Borrowings +2528648034835361636165
Other Liabilities +7,5879,3309,80010,86811,57514,27118,43021,57421,56723,13620,78820,484
Total Liabilities15,72918,60517,60018,96520,82124,35129,49233,91235,49039,52440,82444,538
Fixed Assets +1,0731,2321,5011,8392,2982,7132,6522,6752,9633,0353,4194,366
CWIP1404307439408498288831,0068558941,052486
Investments04624919379641,1101,3061,572650682743800
Other Assets +14,51616,48114,86515,24816,71019,70024,65128,65931,02234,91335,61038,886
Total Assets15,72918,60517,60018,96520,82124,35129,49233,91235,49039,52440,82444,538

Financials of Bharat Electronics Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,4342,260-61-6871,5142,5705,0934,2071,1994,6595871,541
Cash from Investing Activity +-839-1,4703,115-6-896-649-2,595-4,8722,708-5,9246171,730
Cash from Financing Activity +-209-318-2,857-1,202-663-1,061-1,076-1,078-1,262-1,475-1,696-2,097
Net Cash Flow386472197-1,895-458611,422-1,7422,645-2,739-4931,175
Free Cash Flow1,2081,607-853-1,4927851,8254,6253,6606114,015-422560
CFO/OP152%193%33%-0%79%114%175%150%55%120%33%44%

Financials of Bharat Electronics Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days196185184176161189170145145133140170
Inventory Days321401407305275204233230240257273265
Days Payable111112108918912615513912412810093
Cash Conversion Cycle406473483390347267248237261262313342
Working Capital Days52863125134119474281885135
ROCE %20%20%23%25%30%26%28%27%30%35%39%37%