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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Bharat Electronics Limited is an India-based company, which manufactures and supplies electronic equipment and systems for the defense sector as well as for non-defense markets. It manufactures electronic products and systems for the army, navy, and the air force. Its defense…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced.
BEL is scored on the general / industrial framework. It keeps a fat 21.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.26×) — worth a closer look. Free cash flow is worth about 1.1% of its market value.
Over the last 3 years revenue compounded at 16%/yr and profit at 27%/yr. Book value itself has compounded 20%/yr — the hallmark of a genuine compounder. Return on equity is an elite 24.4%. In the latest quarter profit grew 47% versus the prior quarter.
At 48× earnings, the stock sits at the 38th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 45.15 | 13.83 | worse |
| P/B | 11.01 | 5.03 | worse |
| EV/EBITDA | 30.58 | 9.51 | worse |
| ROE | 24.37 | 10.2 | better |
| ROCE | 32.13 | 12.05 | better |
| ROA | 13.96 | 4.66 | better |
| Quick Ratio | 1.45 | 3.69 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HAL | 35.7 | 8.1 | 22.2% |
| Solar Industries (india) | 72.0 | 21.9 | 29.5% |
| Mazagon DOCK Shipbuil | 30.3 | 7.1 | 23.4% |
Revenue has grown every year across all 4 financial years shown. 16% CAGR over 3 years — steady double-digit compounder.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (27% vs 16%) — margin expansion is at work.
Operating margin has expanded from 22% to 29% — the business is keeping more of each rupee earned.
ROE at 25% — the business earns well above its cost of equity. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power. Low variance across years — a predictable business that earns steadily on its equity base.
EPS has grown every year — each share earns more than the last, consistently. 27% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.3× PAT — reported profit isn't translating into cash, raising earnings quality questions. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 31% sequentially — momentum is building. Wide quarterly swings (45% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 25% below earlier ones.
Profit jumped 47% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 51.1% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.