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Bharat Electronics Ltd is an aerospace and defense company owned by the Indian government. It manufactures a wide range of specialized electronics and equipment for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. Its product portfolio includes unmanned systems, land-based radars, batteries, weapon systems, fuzes, simulators, and jammers among others. It also provides cybersecurity and software products. A majority of the company's revenue is derived from the defense sector. Geographically, the company's key revenue is derived from India and it also has international customers from countries like the United Kingdom, Israel, and others.
1954
8.9K+
LTM Revenue $2.8B
LTM EBITDA $723M
$23.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Bharat Electronics has a last 12-month revenue of $2.8B and a last 12-month EBITDA of $723M.
In the most recent fiscal year, Bharat Electronics achieved revenue of $2.3B and an EBITDA of $664M.
Bharat Electronics expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Bharat Electronics valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.3B | XXX | XXX | XXX |
| Gross Profit | $717M | $879M | XXX | XXX | XXX |
| Gross Margin | 35% | 38% | XXX | XXX | XXX |
| EBITDA | $507M | $664M | XXX | XXX | XXX |
| EBITDA Margin | 25% | 29% | XXX | XXX | XXX |
| Net Profit | $279M | $347M | XXX | XXX | XXX |
| Net Margin | 14% | 15% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Bharat Electronics's stock price is INR 285 (or $3).
Bharat Electronics has current market cap of INR 2.08T (or $24.2B), and EV of INR 2.00T (or $23.2B).
See Bharat Electronics trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23.2B | $24.2B | XXX | XXX | XXX | XXX | $0.08 |
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Sign UpAs of April 15, 2025, Bharat Electronics has market cap of $24.2B and EV of $23.2B.
Bharat Electronics's trades at 8.4x LTM EV/Revenue multiple, and 32.1x LTM EBITDA.
Analysts estimate Bharat Electronics's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Bharat Electronics and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $23.2B | XXX | XXX | XXX |
| EV/Revenue | 8.8x | XXX | XXX | XXX |
| EV/EBITDA | 32.9x | XXX | XXX | XXX |
| P/E | 44.7x | XXX | XXX | XXX |
| P/E/Growth | 2.8x | XXX | XXX | XXX |
| EV/FCF | 60.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpBharat Electronics's NTM/LTM revenue growth is 16%
Bharat Electronics's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Bharat Electronics's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Bharat Electronics's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Bharat Electronics and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 31% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 43% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 22% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Theon | XXX | XXX | XXX | XXX | XXX | XXX |
| Austal | XXX | XXX | XXX | XXX | XXX | XXX |
| Codan | XXX | XXX | XXX | XXX | XXX | XXX |
| Droneshield | XXX | XXX | XXX | XXX | XXX | XXX |
| Electro Optic Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Bharat Electronics acquired XXX companies to date.
Last acquisition by Bharat Electronics was XXXXXXXX, XXXXX XXXXX XXXXXX . Bharat Electronics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Bharat Electronics founded? | Bharat Electronics was founded in 1954. |
| Where is Bharat Electronics headquartered? | Bharat Electronics is headquartered in India. |
| How many employees does Bharat Electronics have? | As of today, Bharat Electronics has 8.9K+ employees. |
| Is Bharat Electronics publicy listed? | Yes, Bharat Electronics is a public company listed on NSE. |
| What is the stock symbol of Bharat Electronics? | Bharat Electronics trades under BEL ticker. |
| When did Bharat Electronics go public? | Bharat Electronics went public in 2000. |
| Who are competitors of Bharat Electronics? | Similar companies to Bharat Electronics include e.g. Theon, Austal, Codan, Droneshield. |
| What is the current market cap of Bharat Electronics? | Bharat Electronics's current market cap is $24.2B |
| What is the current revenue of Bharat Electronics? | Bharat Electronics's last 12-month revenue is $2.8B. |
| What is the current EBITDA of Bharat Electronics? | Bharat Electronics's last 12-month EBITDA is $723M. |
| What is the current EV/Revenue multiple of Bharat Electronics? | Current revenue multiple of Bharat Electronics is 8.4x. |
| What is the current EV/EBITDA multiple of Bharat Electronics? | Current EBITDA multiple of Bharat Electronics is 32.1x. |
| What is the current revenue growth of Bharat Electronics? | Bharat Electronics revenue growth between 2023 and 2024 was 14%. |
| Is Bharat Electronics profitable? | Yes, Bharat Electronics is EBITDA-positive (as of the last 12 months). |
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