Bharat Electronics Intrinsic Value
BEL Valuation Methods Summary
| Method | Type | Intrinsic Value | Range | Upside/Downside | Details |
|---|---|---|---|---|---|
| P/E Based Valuation | earnings | ₹123.93 | ₹99.14 - ₹148.72 | -70.0% | EPS: ₹7.04, Sector P/E: 12x |
| Book Value Method | asset | ₹273.50 | ₹246.15 - ₹300.85 | -33.8% | Book Value/Share: ₹273.50, P/B: 1.0x |
| Revenue Multiple Method | revenue | ₹260.29 | ₹234.26 - ₹286.32 | -37.0% | Revenue/Share: ₹325.36, P/S: 0.8x |
| EBITDA Multiple Method | earnings | ₹609.36 | ₹548.42 - ₹670.30 | +47.5% | EBITDA: ₹7424.00Cr, EV/EBITDA: 6x |
| Simple DCF (5Y) | dcf | ₹165.24 | ₹132.19 - ₹198.29 | -60.0% | CF Growth: 5.0%, Discount: 15% |
| PEG Ratio Method | growth | ₹123.93 | ₹111.54 - ₹136.32 | -70.0% | EPS Growth: 8.0%, Fair P/E: 6.4x |
| Growth Adjusted P/E | growth | ₹123.93 | ₹111.54 - ₹136.32 | -70.0% | Revenue Growth: 6.0%, Adj P/E: 8.2x |
| ROE Based Valuation | profitability | ₹826.20 | ₹743.58 - ₹908.82 | +100.0% | ROE: 25.7%, P/E Multiple: 16x |
| Graham Defensive Method | conservative | ₹208.14 | ₹187.33 - ₹228.95 | -49.6% | EPS: ₹7.04, BVPS: ₹273.50 |
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Valuation Comparison Chart
BEL Intrinsic Value Analysis
What is the intrinsic value of BEL?
Based on our comprehensive analysis using 9 different valuation methods, the estimated intrinsic value of Bharat Electronics (BEL) is ₹208.14 (median value). With the current market price of ₹413.10, this represents a -49.6% variance from our estimated fair value.
The valuation range spans from ₹123.93 to ₹826.20, indicating ₹123.93 - ₹826.20.
Is BEL undervalued or overvalued?
Based on our multi-method analysis, Bharat Electronics (BEL) appears to be trading above calculated value by approximately 49.6%.
Financial Health Analysis
| Financial Metric | Current Value | Industry Benchmark | Assessment | Impact on Valuation |
|---|---|---|---|---|
| Current Ratio | 32.07 | Industry Standard: 2.0+ | Above 2.0 | Measures short-term liquidity capacity |
| Debt to Equity Ratio | 2.04 | Industry Standard: <0.5 | Above 1.0 | Indicates financial leverage level |
| Return on Equity | 25.7% | Industry Standard: 15%+ | Above 15% | Measures shareholder return efficiency |
| Operating Margin | 29.0% | Industry Standard: 20%+ | Above 20% | Indicates operational efficiency level |
| Asset Turnover Ratio | 0.58x | Industry Standard: 1.0x+ | Above 0.5x | Measures asset utilization efficiency |
Related Pages for Bharat Electronics
Additional stock information and data for BEL
Cash Flow Quality Analysis
| Period | Operating Cash Flow | Free Cash Flow | Cash Flow Quality | Sustainability Score |
|---|---|---|---|---|
| March 2025 | ₹587 Cr | ₹587 Cr | Positive Free Cash Flow | 8/10 |
| March 2024 | ₹4,660 Cr | ₹1,698 Cr | Positive Free Cash Flow | 7/10 |
| March 2023 | ₹1,267 Cr | ₹1,267 Cr | Positive Free Cash Flow | 8/10 |
| March 2022 | ₹4,207 Cr | ₹1,771 Cr | Positive Free Cash Flow | 7/10 |
| March 2021 | ₹5,093 Cr | ₹3,796 Cr | Positive Free Cash Flow | 8/10 |