BazaarBaazi

Stock · BEL · Defence PSU

BEL share price target 2026

Support, resistance, the F&O structure and the BazaarBaazi Crack Score for Bharat Electronics Ltd, refreshed every end-of-day run. Radar, fire-control, and electronic-warfare order flow. The execution proxy for the entire defence-electronics rotation.

The verdict

BazaarBaazi reads BEL as range-bound with a Crack Score of 58/100 as of 28 Jul 2026.
Crack Score
58/ 100
Constructive
Session-4.46%

BazaarBaaziSource & method

The scanner's readScanned · scanned 31 Jul 2026

Where BEL stands on the 500-name BazaarBaazi setup scanner: technicals, filed fundamentals and money flow read together, refreshed every run.

Scanned74 /100 setup score

Scanned and scored this run, but the evidence is incomplete or conflicted. The engine fails closed to NO_TRADE.

Technical axis

100/100

Fundamental axis

40/100

Money flow

29/100

Result pulse · Q4 FY26

80/100

Technical evidence

money-flow score 28.9/100 (weak)

Chaikin money flow -0.071 (distribution)

up/down volume 0.73x (sellers dominant)

OBV falling

RS slope -11.8% (3m)

RS line well below its high

relative strength falling vs NIFTY

below 50DMA

Red flags

below 200DMA (not a long-side trend)

strong filed result (score 80.0)

Relative valuation

P/E (TTM)

46.8

P/E vs sector

+0.9%

Sector percentile

48

PEG

10.02

Scanner levels from the deterministic engine run of 2026-07-31, not a SEBI-registered recommendation and not investment advice. The fundamental axis reads the official filing: Q4 FY26 result.

Open the full 500-name Setup Scan.

Price target: support and resistanceComputed 28 Jul 2026

Support and resistance for BEL are read inside the latest show; no spot was printed in the most recent editorial note.

Levels are read inside the latest show. The most recent editorial reference is Closing Bell Flash on 28 Jul 2026.

These are structural reference lines, not a SEBI-registered price target. BazaarBaazi is independent media; the levels frame how the desk reads the BEL chart, refreshed every end-of-day run.

The Crack Score, and how it is built58 / 100 · Constructive

The Crack Score is a deterministic 0 to 100 conviction number. Here is exactly what moved it for BEL, so the figure is a transparent signal rather than a vibe.

Editorial stanceLatest signed stance is neutral.0
Structure qualityNo clean spot was printed in the latest note; levels are read inside the show.0
FreshnessThe desk reviewed today.+8
Conviction horizonThe latest read is framed on a 1d horizon.0

Base 50, adjusted by the factors above and clamped to 0 to 100. How the Crack Score works.

About Bharat Electronics LtdBusiness profile

What BEL actually does, and the edge that holds its position.

BEL is the brain-and-sensor supplier sitting inside almost every Indian military platform, the state-owned electronics house whose radars, jammers and combat systems are too sensitive for the government to source from foreign vendors. It builds radar systems, electronic warfare suites, communication and naval systems and homeland-security gear for the armed forces and paramilitaries, and is the default defence-electronics supplier across virtually every platform the services field. A growing civilian line in products like electronic voting machines and smart-city systems sits alongside, but the large majority of revenue still comes from domestic defence contracts.

BEL's moat is its position as the default domestic supplier of classified and strategically sensitive defence electronics, a segment where the government cannot rely on foreign vendors for supply security. Its DRDO-joint-development partnerships give it access to platforms at the design stage, creating a long-tail MRO and upgrade relationship with every platform it equips.

The F&O viewHorizon · 1d

How the futures and options structure on BEL reads right now.

Editorial directionNeutral
Horizon1d
Option evidenceWithheld: provider observation unavailable

The editorial price read on BEL is neutral. Strike-level option inventory is unavailable, so the page withholds writer, wall and pin claims. Single-stock F&O on BEL can be thinner than index F&O, so the desk weights price and filed evidence over raw OI. This is not a derivatives trade recommendation.

Why it movedSession -4.46%

The most recent BazaarBaazi read on what is driving BEL.

On the bleeding side, BEL fell -4.46%, COALINDIA dropped -4.00%, NTPC lost -2.19%, and ICICIBANK slipped -1.92%.

Read in Closing Bell Flash on 28 Jul 2026. Why BEL moved, the living explainer, tracks every move on one URL.

The 2026 to 2030 pictureStructural read

What genuinely drives BEL over a multi-year horizon. A structural read, not a price forecast.

Over 2026 to 2030 BEL benefits from India's defence modernisation plans across all three services and the consistent push to increase domestic procurement in defence electronics. New programmes including the next-generation radar networks, electronic warfare systems and naval combat management systems are all within BEL's core domain. The risk is slower-than-expected budget allocation to defence electronics versus platforms, and increased competition from private-sector players as the indigenisation policy opens up. WHAT BAZAARBAAZI THINKS: BEL is the higher-quality way to ride defence than the platform-makers, because electronics convert to revenue faster than ships or jets and every platform it equips drags a long upgrade-and-service tail behind it; the risk the Crack Score cannot capture is the slow erosion as private defence-electronics players win share, so the day BEL stops being the automatic single source is the day the moat, not the order book, starts to crack.

What to watch:

Peers and how to compare4 listed names

The listed names BEL is most often read against. Compare them on the same Crack Score and levels.

Hindustan Aeronautics (defence platform maker) · HAL

Read the HAL verdict and levels

Bharat Dynamics (missiles and torpedoes, listed)

Listed peer in the same space

Astra Microwave Products (listed, defence electronics)

Listed peer in the same space

Data Patterns (listed, defence electronics)

Listed peer in the same space

Stored valuation readStored 2026-08-10

P/E, P/B, yield and the quality set for Bharat Electronics Ltd, computed only from the stored fundamentals snapshot dated 2026-08-10. No carried market price is presented as current.

P / E

48.3x

Earnings yield

2.07%

P / B

12.32x

P / S

10.29x

EV / EBITDA

35.1x

Dividend yield

0.62%

Market cap

Rs 2.96 lakh cr

Enterprise value

Rs 2.87 lakh cr

Stored from Bharat Electronics Ltd's filed results, as of 2026-08-10 and currency-checked. Price input Rs 404.35 from baked EOD spot. Open the calculator, move the price and watch every ratio react.

Latest filed resultsQ4 FY26

Bharat Electronics Ltd's most recent quarter, parsed straight from the official NSE filing. Every figure links back to its primary source.

Q4 FY26 · ended 31 Mar 2026Consolidated, audited · filed with NSE on 19 May 2026

Result Pulse

80 / 100

Revenue

Rs 10,224 cr

Net profit

Rs 2,226 cr

EPS (quarter)

Rs 3.04
GrowthYoYQoQ
Revenue+11.8%+42.9%
Net profit+4.7%+40.9%
Net margin+21.8%
What BazaarBaazi readsMargin expansion
SourceOfficial NSE filing (XBRL)

Figures are the Q4 FY26 result for Bharat Electronics Limited, parsed straight from the official NSE integrated filing and verified to the paisa. The EPS shown is for the quarter, not a trailing-twelve-month figure, so it is not a P/E input.

See every Q4 result the desk has read.

Earnings history, every filed quarter32 quarters on record

Bharat Electronics Ltd's official quarterly revenue, EPS and Result Pulse trail, every quarter the desk holds from the verified filings export, back to 30 Jun 2018. These are quarterly facts, not TTM valuation inputs.

BEL official result trail

32 quarters

Quarterly figures only: revenue, net profit and EPS are copied from official filings. EPS here is not trailing twelve month EPS and is not used for valuation.

QuarterRevenueEPSPAT YoYPulseSource
Q4 FY26ended 31 Mar 2026 / Consolidated, auditedRs 10,224 crRs 3.04n/an/aFiling
Q3 FY26ended 31 Dec 2025 / Consolidated, auditedRs 7,154 crRs 2.16n/a64/100Filing
Q2 FY26ended 30 Sep 2025 / Consolidated, auditedRs 5,792 crRs 1.76n/a68/100Filing
Q1 FY26ended 30 Jun 2025 / Consolidated, auditedRs 4,440 crRs 1.33n/a58/100Filing
Q4 FY25ended 31 Mar 2025 / Consolidated, auditedRs 9,150 crRs 2.91n/a58/100Filing
Q3 FY25ended 31 Dec 2024 / Consolidated, auditedRs 5,771 crRs 1.79n/an/aFiling
Q2 FY25ended 30 Sep 2024 / Consolidated, auditedRs 4,605 crRs 1.50n/an/aFiling
Q1 FY25ended 30 Jun 2024 / Consolidated, auditedRs 4,244 crRs 1.08n/an/aFiling
Q4 FY24ended 31 Mar 2024 / Consolidated, auditedRs 8,564 crRs 2.46n/an/aFiling
Q3 FY24ended 31 Dec 2023 / Consolidated, auditedRs 4,162 crRs 1.17n/an/aFiling
Q2 FY24ended 30 Sep 2023 / Consolidated, auditedRs 4,009 crRs 1.08n/an/aFiling
Q1 FY24ended 30 Jun 2023 / Consolidated, auditedRs 3,533 crRs 0.74n/an/aFiling
Q4 FY23ended 31 Mar 2023 / Consolidated, auditedRs 6,479 crRs 1.90n/an/aFiling
Q3 FY23ended 31 Dec 2022 / Consolidated, auditedRs 4,153 crRs 0.83n/an/aFiling
Q2 FY23ended 30 Sep 2022 / Consolidated, auditedRs 3,962 crRs 0.86n/an/aFiling
Q1 FY23ended 30 Jun 2022 / Consolidated, auditedRs 3,141 crRs 3.00n/an/aFiling
Q4 FY22ended 31 Mar 2022 / Consolidated, auditedRs 6,340 crRs 4.74n/an/aFiling
Q3 FY22ended 31 Dec 2021 / Standalone, auditedRs 3,694 crRs 2.39n/an/aFiling
Q2 FY22ended 30 Sep 2021 / Consolidated, auditedRs 3,678 crRs 2.56n/an/aFiling
Q1 FY22ended 30 Jun 2021 / Consolidated, auditedRs 1,649 crRs 0.10n/an/aFiling
Q4 FY21ended 31 Mar 2021 / Consolidated, auditedRs 6,917 crRs 5.62n/an/aFiling
Q3 FY21ended 31 Dec 2020 / Consolidated, auditedRs 2,320 crRs 1.14n/an/aFiling
Q2 FY21ended 30 Sep 2020 / Consolidated, auditedRs 3,195 crRs 1.64n/an/aFiling
Q1 FY21ended 30 Jun 2020 / Consolidated, auditedRs 1,676 crRs 0.22n/an/aFiling
Q4 FY20ended 31 Mar 2020 / Consolidated, auditedRs 5,817 crRs 4.30n/an/aFiling
Q3 FY20ended 31 Dec 2019 / Consolidated, auditedRs 2,278 crRs 0.91n/an/aFiling
Q2 FY20ended 30 Sep 2019 / Consolidated, auditedRs 2,748 crRs 1.42n/an/aFiling
Q1 FY20ended 30 Jun 2019 / Consolidated, auditedRs 2,125 crRs 0.86n/an/aFiling
Q4 FY19ended 31 Mar 2019 / Standalone, auditedRs 3,885 crRs 2.74n/an/aFiling
Q3 FY19ended 31 Dec 2018 / Standalone, auditedRs 2,716 crRs 2.09n/an/aFiling
Q2 FY19ended 30 Sep 2018 / Standalone, auditedRs 3,381 crRs 2.34n/an/aFiling
Q1 FY19ended 30 Jun 2018 / Standalone, auditedRs 2,102 crRs 0.74n/an/aFiling

Open the covered-name earnings calendar.

The official financialsFiled to 31 Mar 2026

Bharat Electronics Ltd's statements as filed: trailing twelve month P&L, the balance sheet, and the cash engine. Parsed from official XBRL, shown in crore.

Trailing twelve months, on filed quarters

Revenue (TTM)

27,610 cr

Net profit (TTM)

6,062 cr

EBIT (TTM)

8,060 cr

Profit before tax (TTM)

8,053 cr

Net margin (TTM)

22.0%

Finance costs (TTM)

6.7 cr

Balance sheet, as filed 2026-03-31

Total assets

44,538 cr

Shareholder equity

24,007 cr

Total borrowings

0.0 cr

Cash and equivalents

1,888 cr

Inventory

10,176 cr

Trade receivables

12,876 cr

The cash engine, latest filed year

Operating cash flow

1,541 cr

Capex

985 cr

Free cash flow

556 cr

Investing flow

1,730 cr

Financing flow

-2,097 cr

Annual trail, filed year over filed year

YearRevenueNet profitEquityBorrowingsCFO
FY2627,610 cr6,062 cr24,007 cr0.0 cr1,541 cr
FY2523,769 cr5,323 cr19,993 cr0.0 cr587 cr
FY2420,268 cr3,985 cr16,344 cr0.0 cr4,659 cr
FY2317,734 cr2,986 cr13,879 cr0.0 cr1,267 cr
FY2215,368 cr2,400 cr12,302 cr0.0 cr4,207 cr
FY2114,109 cr2,100 cr11,075 cr0.0 crn/a

Every figure is parsed from Bharat Electronics Ltd's official NSE XBRL filings by the BazaarBaazi earnings lab and shown in crore rupees. Display data, not a valuation model input.

Management on record16 earnings calls

Every BEL earnings call BazaarBaazi has indexed, latest 31 May 2026. Read management in its own words, straight from the filed transcript.

Bharat Electronics Ltd earnings calls on record

16 calls since 31 Jul 2022

31 May 2026Quarter ended Q4FY26Transcript PDF
31 Jan 2026Quarter ended Q3FY26Transcript PDF
30 Nov 2025Earnings callTranscript PDF
31 Aug 2025Quarter ended Q1FY26Transcript PDF
31 May 2025Quarter ended Q4FY25Transcript PDF
28 Feb 2025Earnings callTranscript PDF
31 Oct 2024Quarter ended Q2FY25Transcript PDF
31 Aug 2024Quarter ended Q1FY25Transcript PDF
Show 8 older calls
31 Aug 2024Quarter ended Q1FY25Transcript PDF
31 May 2024Quarter ended Q4FY24Transcript PDF
29 Feb 2024Earnings callTranscript PDF
30 Nov 2023Earnings callTranscript PDF
31 Aug 2023Quarter ended Q1FY24Transcript PDF
31 May 2023Quarter ended Q4FY23Transcript PDF
28 Feb 2023Earnings callTranscript PDF
31 Jul 2022Quarter ended Q1FY23Transcript PDF

Each entry links to the transcript PDF the company filed with the exchange. Primary sources, in management's own words.

What changed45 disclosures

Every recent official filing from Bharat Electronics Ltd, straight from the exchange feed, with the BazaarBaazi Event Heat on the disclosure flow.

Bharat Electronics Limited has filed 45 official disclosures recently. The most recent is a Disclosure dated 31 Jul 2026.

31 Jul 2026
DisclosureWatch

Bagging/Receiving of orders/contracts

Filing
28 Jul 2026
Investor meetRoutine

Transcript

Filing
28 Jul 2026
DisclosureWatch

Copy of Newspaper Publication

Filing
27 Jul 2026
EarningsWatch

Bharat Electronics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026 and approval for increase in Authorised Share Capital.

Filing
27 Jul 2026
Board meetingWatch

Board Meeting to be held on 27-Jul-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended June 2026

Filing
27 Jul 2026
Board meetingWatch

To consider and approve the financial results for the period ended Jun 30, 2026

Filing
27 Jul 2026
Investor meetRoutine

Link of Recording

Filing
22 Jul 2026
Investor meetRoutine

Schedule of meet

Filing

Event Heat is withheld because the reproducible what-changed window is unavailable. Every line above links to its official exchange filing, and the full market desk is at the disclosures hub.

See what changed across the whole market.

Key fundamentalsEditorial reference

The anchor data BazaarBaazi references when reading the BEL chart. Not a substitute for a registered research note.

TickerBEL
Full nameBharat Electronics Ltd
SectorDefence PSU
Index classPSU
ISININE263A01024
Market-cap band₹2.30 lakh cr
Last referenced levelInside latest show
Last session move-4.46%
Editorial line inClosing Bell Flash on 28 Jul 2026
Aliases trackedBEL

Reference chartLevels in show

The daily frame the desk reads on BEL.

Chart frame not yet rendered for BEL. The desk references levels inline inside each show.
Structural levels are read inside the latest show.

FAQ16 reader questions · AEO-eligible

The line on BEL, distilled and schema-marked for AI Overview, Perplexity, and reader search.

What is the BEL share price target for 2026?

BazaarBaazi does not publish a SEBI-registered price target on BEL. The desk reads structural support and resistance inside each show against the printed spot; the most recent editorial line is Closing Bell Flash on 28 Jul 2026.

What is BazaarBaazi's Crack Score for BEL?

The BazaarBaazi Crack Score for BEL is 58 out of 100 as of 28 Jul 2026, a constructive reading. It is a computed conviction number from the signed stance, how consistent the recent verdicts have been, the quality of the printed structure, and how fresh the review is. It is a transparency signal, not investment advice.

What is the F&O view on BEL?

Legacy record dated 12 Aug 2026; provider observation time unavailable, so BazaarBaazi retains BEL's dated near-money option-inventory band but withholds the specific open-interest counts, PCR and max-pain claim until a fully reproducible, provider-timestamped snapshot is recorded. Matched inventory cannot identify who initiated either side, direction, hedging, spreads or profit. This is a carried stale snapshot; the latest refresh did not replace it.

What sector is BEL in and which peers does BazaarBaazi track?

BEL sits in Defence PSU (psu), indicative market cap ₹2.30 lakh cr, ISIN INE263A01024. The peers BazaarBaazi reads alongside it are Hindustan Aeronautics Ltd. Radar, fire-control, and electronic-warfare order flow. The execution proxy for the entire defence-electronics rotation.

How often is the BEL view updated?

This page is one evergreen URL refreshed in place. The Crack Score and levels re-compute on every BazaarBaazi end-of-day run, and the dated stamp shows the last refresh. The latest signed verdict on BEL is neutral, published in Closing Bell Flash on 28 Jul 2026.

Is BEL a good long-term stock?

What drives this name is order inflow plus the long upgrade-and-service tail on every system it fields, all riding the indigenisation budget, and the risk the Crack Score cannot fully capture is private-sector competition slowly chipping at its single-source status and therefore its margins. The Crack Score on this page reflects the current view on order inflow pace, margin health and competition risk.

What is the BEL share price target for 2030?

The 2030 case is tied to the defence-electronics capital budget and the pace of platform modernisation, neither of which is fixed enough to anchor a price target, especially as private competition reshapes BEL's share of that budget. BazaarBaazi publishes a Crack Score rather than a number; the order book execution ratio is the most telling live signal.

Why is BEL share price falling?

The triggers worth weighing are a slowdown in new order announcements or signs of margin compression as private rivals bid in, while defence-budget scare headlines or a broad PSU de-rating are usually the noisier kind. Margin pressure is the one to watch, because it is the early tell that the single-source moat is loosening.

Is BEL a qualifying setup on the BazaarBaazi scanner right now?

On the 2026-07-31 run of the 500-name BazaarBaazi setup scanner, Bharat Electronics Ltd sits in the Scanned tier with a setup score of 74/100 (technical 100, fundamental 40). The scanner is a deterministic engine over real OHLCV and official filings, refreshed nightly, and it is a signal rather than investment advice.

Where can I read Bharat Electronics Ltd's earnings call transcripts?

BazaarBaazi indexes 16 BEL earnings calls going back to 2022-07-31, latest 2026-05-31. Every entry on this page links straight to the transcript PDF the company filed with the exchange, so you read management in the primary source.

What was Bharat Electronics Limited's Q4 FY26 net profit?

Bharat Electronics Limited reported a net profit of Rs 2,226 cr for Q4 FY26 (the quarter ended 31 March 2026). That is +4.7% year on year. The figure is from the company's official NSE filing.

What was Bharat Electronics Limited's Q4 FY26 revenue?

Bharat Electronics Limited reported revenue of Rs 10,224 cr for Q4 FY26. That is +11.8% year on year. The figure is from the company's official NSE filing.

How does BazaarBaazi rate Bharat Electronics Limited's Q4 FY26 result?

BazaarBaazi gives Bharat Electronics Limited's Q4 FY26 result a Result Pulse of 80 out of 100, with a verdict of Margin expansion. The Result Pulse is a BazaarBaazi editorial score for the quality of the filed result, not investment advice.

What has Bharat Electronics Ltd announced recently?

Bharat Electronics Ltd's two most material recent disclosures are a disclosure dated 31 Jul 2026, "Bagging/Receiving of orders/contracts", and an investor meet dated 28 Jul 2026, "Transcript". Both link to the company's own official filing on the BazaarBaazi stock page.

Has Bharat Electronics Ltd declared a dividend recently?

Yes. Bharat Electronics Ltd filed a dividend disclosure on 19 May 2026, filed as "Board of Directors at its meeting held on May 19, 2026, recommended…". Any amount shown is the exchange's own record, linked from the BazaarBaazi stock page. A dividend is a declared payout, not a forecast of future returns.

What did Bharat Electronics Ltd's latest board meeting cover?

Bharat Electronics Ltd's most recent board-meeting disclosure on record dated 27 Jul 2026 reads "Board Meeting to be held on 27-Jul-2026 to inter-alia consider and…". That is the agenda as filed with the exchange, linked from the BazaarBaazi stock page, and BazaarBaazi adds no claim of its own to it.

Related stock views

The names BazaarBaazi reads alongside BEL, each a living view refreshed every end-of-day run.

All stock viewsAbout BazaarBaazi →