Bharat Electronics (NSE:BEL) EBIT: ₹80,597 Mil (TTM As of Mar. 2026)


NSE:BEL Bharat Electronics Ltd NSE:BEL
98 GF Score
Price ₹407.20
GF Value ₹394.67
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Bharat Electronics EBIT?

Bharat Electronics NSE:BEL -1.54% 98 EBIT is ₹80,597 Mil as of Mar. 2026. GuruFocus rates NSE:BEL with a GF Score™ of 98/100 and a GF Value™ of ₹394.67 (Fairly Valued). The stock has 1 warning sign investors should review.

Bharat Electronics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹29,190 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹80,597 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bharat Electronics's annualized ROC % for the quarter that ended in Mar. 2026 was 26.46%. Bharat Electronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 83.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bharat Electronics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.79%.


Bharat Electronics  (NSE:BEL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bharat Electronics's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=112348 * ( 1 - 24.1% )/( (0 + 322220.5)/ 1 )
=85272.132/322220.5
=26.46 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=445375.2 - 35834 - ( 87320.7 - max(0, 192597.5 - 380568.7+87320.7))
=322220.5

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Bharat Electronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=116758/( ( (0 + max(0, 0)) + (39670.9 + max(100663.3, 0)) )/ 1 )
=116758/( ( 0 + 140334.2 )/ 1 )
=116758/140334.2
=83.20 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(128757.6 + 101755.3 + 62717.6) - (35834 + 0 + 156733.2)
=100663.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Bharat Electronics's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=80596.9/2890064.139
=2.79 %

* 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 EBIT Related Terms


Bharat Electronics EBIT Historical Data

* Premium members only.

The historical data trend for Bharat Electronics's EBIT 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 EBIT Chart

Bharat Electronics Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31,709.00 39,375.00 52,730.70 71,086.80 80,596.90

Bharat Electronics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 28,731.20 12,808.00 17,296.00 21,303.40 29,189.50

NSE:BEL vs GE, RTX, BA: EBIT Comparison

For the Aerospace & Defense subindustry, Bharat Electronics's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bharat Electronics EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bharat Electronics's EV-to-EBIT falls into.


NSE:BEL
98GF Score
Bharat Electronics Ltd NSE:BEL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bharat Electronics EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹80,597 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹80,597 Mil mean?
Bharat Electronics (NSE:BEL) has a EBIT of ₹80,597 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bharat Electronics.
Is Bharat Electronics' EBIT too high?
Bharat Electronics' current EBIT is ₹80,597 Mil. Overall, Bharat Electronics has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' EBIT compare to GE and RTX?
Bharat Electronics' EBIT of ₹80,597 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 EBIT for an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bharat Electronics. Bharat Electronics's current EBIT is ₹80,597 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 ₹394.67, compared to a current price of ₹407.20 — trading 3.2% above its estimated fair value. The current EBIT is ₹80,597 Mil. Bharat Electronics' overall GF Score™ is 98/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Bharat Electronics (NSE:BEL), the current EBIT is ₹80,597 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 ₹407.20 is trading 3.2% above its estimated GF Value™ of ₹394.67. GuruFocus considers Bharat Electronics to be Fairly Valued.

Key valuation signals for NSE:BEL:

  • EBIT: ₹80,597 Mil
  • GF Value™: ₹394.67 vs. price of ₹407.20 (3.2% above fair value)
  • GF Score™: 98/100 with 1 warning sign

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.
98GF Score

Get the complete analysis for NSE:BEL

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

₹407.20
Price
₹394.67
GF Value