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Bharat Electronics stock: key metrics
BEL.NSBharat Electronics had an operating margin of 27.1% and a return on invested capital (ROIC) of 43.2% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2007 | 44.6% | 26.5% | 18.1% |
| 2008 | 48.4% | 27.6% | 19.9% |
| 2009 | 33.4% | 25.0% | 15.9% |
| 2010 | 41.6% | 15.0% | 13.7% |
| 2011 | 42.2% | 20.8% | 15.6% |
| 2012 | 32.3% | 7.2% | 14.6% |
| 2013 | 33.4% | 7.0% | 14.8% |
| 2014 | 37.1% | 12.3% | 14.8% |
| 2015 | 41.5% | 22.5% | 17.1% |
| 2016 | 48.1% | 30.9% | 18.2% |
| 2017 | 49.1% | 31.1% | 17.6% |
| 2018 | 46.0% | 28.8% | 13.8% |
| 2019 | 49.9% | 34.3% | 15.5% |
| 2020 | 44.7% | 28.7% | 14.1% |
| 2021 | 43.1% | 20.9% | 14.9% |
| 2022 | 40.7% | 20.6% | 15.6% |
| 2023 | 42.6% | 22.1% | 16.8% |
| 2024 | 46.4% | 26.0% | 19.7% |
| 2025 | 47.6% | 29.9% | 22.4% |
| 2026 | 35.9% | 27.1% | 22.0% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2007 | 27.4% | 27.2% | 12.2% |
| 2008 | 25.2% | 113.4% | 11.8% |
| 2009 | 19.3% | 76.3% | 8.7% |
| 2010 | 16.5% | 52.2% | 7.8% |
| 2011 | 17.1% | 17.9% | 6.6% |
| 2012 | 14.4% | 5.6% | 5.6% |
| 2013 | 14.0% | 5.2% | 6.1% |
| 2014 | 13.2% | 32.9% | 6.4% |
| 2015 | 14.7% | 52.5% | 7.6% |
| 2016 | 14.5% | 88.4% | 7.2% |
| 2017 | 19.7% | 70.1% | 8.7% |
| 2018 | 17.9% | 38.3% | 7.6% |
| 2019 | 20.5% | 37.9% | 9.1% |
| 2020 | 18.1% | 32.3% | 7.5% |
| 2021 | 19.0% | 28.8% | 7.1% |
| 2022 | 19.5% | 43.9% | 7.1% |
| 2023 | 21.5% | 55.6% | 8.4% |
| 2024 | 24.4% | 70.7% | 10.1% |
| 2025 | 26.6% | 66.8% | 13.0% |
| 2026 | 25.3% | 43.2% | 13.6% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 5 Nov 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.