Bharat Electronics (NSE:BEL) Construction In Progress: ₹4,855 Mil (As of Mar. 2026)


NSE:BEL Bharat Electronics Ltd NSE:BEL
97 GF Score
Price ₹416.25
GF Value ₹395.52
Valuation Fairly Valued
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What is Bharat Electronics Construction In Progress?

Bharat Electronics NSE:BEL +1.08% 97 Construction In Progress is ₹4,855 Mil as of Mar. 2026. GuruFocus rates NSE:BEL with a GF Score™ of 97/100 and a GF Value™ of ₹395.52 (Fairly Valued).

Bharat Electronics's quarterly construction in progress declined from Sep. 2025 (₹5,644 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹4,855 Mil).

Bharat Electronics's annual construction in progress increased from Mar. 2024 (₹4,883 Mil) to Mar. 2025 (₹4,899 Mil) but then declined from Mar. 2025 (₹4,899 Mil) to Mar. 2026 (₹4,855 Mil).

Bharat Electronics Construction In Progress Historical Data

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The historical data trend for Bharat Electronics's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bharat Electronics Construction In Progress Chart

Bharat Electronics Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,774.20 3,852.90 4,882.70 4,899.20 4,855.00

Bharat Electronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,899.20 0.00 5,643.80 0.00 4,855.00
NSE:BEL
97GF Score
Bharat Electronics Ltd NSE:BEL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Bharat Electronics Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹4,855 Mil mean?
Bharat Electronics (NSE:BEL) has a Construction In Progress of ₹4,855 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Bharat Electronics and its competitors.
Is Bharat Electronics' Construction In Progress too high?
Bharat Electronics' current Construction In Progress is ₹4,855 Mil. Overall, Bharat Electronics has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' Construction In Progress compare to SPCX and GE?
Bharat Electronics' Construction In Progress of ₹4,855 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Aerospace & Defense company?
A good Construction In Progress depends on the Aerospace & Defense industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Bharat Electronics and its competitors. Bharat Electronics's current Construction In Progress is ₹4,855 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Electronics (NSE:BEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹395.52, compared to a current price of ₹416.25 — trading 5.2% above its estimated fair value. The current Construction In Progress is ₹4,855 Mil. Bharat Electronics' overall GF Score™ is 97/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Bharat Electronics (NSE:BEL), the current Construction In Progress is ₹4,855 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bharat Electronics (NSE:BEL) Overvalued in 2026?

Based on GuruFocus' analysis, Bharat Electronics stock appears to be overvalued. The current stock price of ₹416.25 is trading 5.2% above its estimated GF Value™ of ₹395.52. GuruFocus considers Bharat Electronics to be Fairly Valued.

Key valuation signals for NSE:BEL:

  • Construction In Progress: ₹4,855 Mil
  • GF Value™: ₹395.52 vs. price of ₹416.25 (5.2% above fair value)
  • GF Score™: 97/100

No single metric tells the full story. See the NSE:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bharat Electronics Business Description

Other Exchanges 500049:India
Address Outer Ring Road, Nagavara, Bengaluru, KA, IND, 560045
Bharat Electronics Ltd is an aerospace and defense company predominantly 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.
97GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹416.25
Price
₹395.52
GF Value