Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. Its defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, shelters and masts, simulators, and batteries; microwave tubes and power modules, microwave super components, digital multichannel data recorders, and hybrid micro circuits; and microelectro mechanical systems, such as pressure transducers, and conductivity temperature and depth sensors. The company's non-defense products comprise e-governance systems, homeland security products, civilian radars, and telecom and broadcast systems; integrated traffic management systems, real time train information systems, and solar power solutions; and PD and strategic products, silicon radiation detectors, passive vacuum devices, EMI filters, and multichannel voice logging recorder systems. It offers electronic manufacturing services, including PCB assembly and testing, precision machining and fabrication, opto electronic components and assemblies, microwave integrated circuit assemblies, super components modules, cable assemblies and wiring harnesses, and antennae manufacturing services; designs and manufactures transformers, coils, chokes, and sub-assemblies; and software services. Further, the company offers cyber security products, such as data diodes and secure storage products; EV charging stations; and platform screen doors. It provides security architecture conceptualization and consulting, and information security audit services. The company also exports its products to the United States, France, China, Germany, Switzerland, ASEAN countries, Mauritius, the Republic of Armenia, Sri Lanka, Sweden, and Israel. Bharat Electronics Limited was incorporated in 1954 and is based in Bengaluru, India.

Bharat Electronics Limited

Astra Microwave Products Limited designs, develops, manufactures, and sells sub-systems for radio frequency and microwave systems used in defense, space, meteorology, and telecommunication applications in India. It offers radar electronics, including active antenna array units, TR modules, wideband TR modules, solid state power amplifiers, receiver exciters, central units, antenna beam forming units, all receiver subsystems, array group and monopulse receivers, waveform generators, and MMIC; electronic warfare comprising antennas, EDLVA and BLI super components, EW simulators, DIFM receivers, front end receivers, up/down convertors, and homodyne receivers; and strategic electronics and telemetry, such as command guidance units, radio proximity fuze, phased array based telemetry tracking system, sub-systems for gimbal based and AESA seeker, ground and air-borne data link systems, data and video telemetry transmitters, transponders, encoders and decoders, and telemetry receivers, as well as L, S, C, and X-Band transponders. The company also provides ground-based systems consisting of sub-systems for multi-object, tracking radar, coherent frequency generators, L-band modulators, 8x8 switchable routers for earth station, V/UHF T/R modules for ST radar, and Ka-band indoor/outdoor units; S-level (on-board) / flight model systems, which includes sub-systems for SAR payloads, geostationary satellites, and remote sensing satellites; water level measurement, agromet meteorological stations, automatic rain gauge, automatic weather stations, mini boundary layer masts, 50m tower masts, and agro met towers; and perimeter surveillance system and non-linear junction detector. In addition, it offers MMIC testing and assembly, and contract manufacturing services, as well as products for homeland security. The company also exports its products. Astra Microwave Products Limited was incorporated in 1991 and is based in Hyderabad, India.

Astra Microwave Products Limited

Data Patterns is a vertically integrated defense and aerospace electronics solutions provider. Self-described as offering various electronic solutions.

Data Patterns

Samtel is a group with a multi-dimensional presence in various domains including Defence & Avionics, Railways, and Education. It is India’s largest integrated manufacturer of a wide range of displays for consumer electronics, medical, and professional applications. The group has also been involved in high-technology products for Defence and Railways.

Samtel

Bharat Electronics Limited manufactures electronic products and systems for the defense forces of India and has diversified into areas such as homeland security solutions, smart city initiatives, e-governance solutions, and renewable energy products.

Metric
Company Name	Bharat Electronics Limited	Astra Microwave Products Limited	Data Patterns	Samtel
Symbol	BEL	ASTRAMICRO
MSH ID	IN:BEL-INDIA	COM:ASTRAMWP	COM:DATAPATTERNSINDIA	COM:SAMTELGROUP
Market	STOCKS	STOCKS	PRIVATE	PRIVATE
Sector	Industrials	Technology	Technology	Capital Goods & Industrials
Industry	Aerospace & Defense	Communication Equipment	Defense & Aerospace Electronics	Manufacturing
Country	IN	IN	IN	IN
Stage
Employee Count	11.46K	1.10K
Website	bel-india.in	astramwp.com	datapatternsindia.com	samtelgroup.com
LinkedIn
Founders

Metric
Market Cap	28.95B	1.03B
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue	2.39B	107.30M
Revenue (LTM)
Revenue (NTM)
Gross Profit	798.00M	26.47M
EBITDA	595.79M	22.62M
Operating Income	543.46M	19.67M
Net Income	470.42M	14.29M
EPS	0.06	0.15
Diluted EPS	0.06	0.15
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.43	0.38
Operating Profit Margin	0.25	0.22
EBITDA Margin	0.25	0.21
Net Profit Margin	0.20	0.15
Return on Equity	0.34	0.16
Return on Assets	0.11	0.09
Return on Capital Employed	0.30	0.19

IN:BEL-INDIA

Bharat Electronics Limited

Last Close

280.85

25/11 09:40

Market Cap

2.45T

Beta: -

Volume Today

40.50M

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	37.37	94.89
P/B Ratio	9.00	7.04
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	12.22	10.19
EV Multiple	48.10	44.50

Metric
Days Sales Outstanding	159.44	129.15
Days Payables Outstanding	111.00	35.99
Days Inventory Outstanding	225.20	319.22
Operating Cycle	359.00	522.10
Cash Conversion Cycle	246.92	470.09
Asset Turnover	0.53	0.63

Metric
Operating Cash Flow	602.01M	-22.82M
Free Cash Flow	524.97M	-28.42M
Cash Flow to Debt	14.03	0.21
Operating Cash Flow/Sales	0.05	0.06
Free Cash Flow Yield

Metric
Cash & Equivalents	1.31B	15.46M
Accounts Receivable	-140.52M	-26.25M
Inventory	879.19M	60.75M
Goodwill
Debt to Capitalization	0.00	0.20
Debt to Assets	0.00	0.06
Current Ratio	1.51	3.75
Quick Ratio	1.30	1.66

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue	0.00
SG&A to Revenue	0.03