Bharat ElectronicsNSE:BEL -1.54%98 EBITDA Margin % is 30.24% as of Mar. 2026, which is 20% above its 10-year median of 25.11. 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. Among 347 Aerospace & Defense companies, Bharat Electronics ranks better than 90.2% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Bharat Electronics's EBITDA for the
three
months ended in Mar. 2026 was ₹30,919 Mil. Bharat Electronics's Revenue for the
three
months ended in Mar. 2026 was ₹102,244 Mil. Therefore, Bharat Electronics's EBITDA margin for the quarter that ended in Mar. 2026 was 30.24%.
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Bharat Electronics EBITDA Margin % Related Terms
Bharat Electronics EBITDA Margin % Historical Data
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The historical data trend for Bharat Electronics's EBITDA Margin % 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.
NSE:BEL vs GE, RTX, BA: EBITDA Margin % Comparison
For the Aerospace & Defense subindustry, Bharat Electronics's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Bharat Electronics's EBITDA Margin % falls into.
* 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 (NSE:BEL) has a EBITDA Margin % of 30.24% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Bharat Electronics and its competitors. This is 20% above median its historical median of 25.11. Over the past decade, Bharat Electronics' EBITDA Margin % has ranged from 22.13 to 31.87. According to the industry distribution chart, Bharat Electronics ranks #34 out of 347 companies in the Aerospace & Defense industry, placing it in the top 9.8%.
Is Bharat Electronics' EBITDA Margin % too high?
Bharat Electronics' current EBITDA Margin % of 30.24% is 20% above median its 10-year median of 25.11. Over the past 10 years, this metric has ranged from a low of 22.13 to a high of 31.87. The Aerospace & Defense industry median EBITDA Margin % is 11.96. Bharat Electronics' value of 30.24% is 152.8% above this industry median. Based on the distribution chart, Bharat Electronics ranks #34 out of 347 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. 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' EBITDA Margin % compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Bharat Electronics ranks #34 out of 347 companies for EBITDA Margin %. This places Bharat Electronics in the top 10% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 11.96. Bharat Electronics' value of 30.24% is 152.8% above this benchmark. Historically, Bharat Electronics' own EBITDA Margin % has ranged from 22.13 to 31.87 over the past decade. While the company's 10-year median is 25.11 vs. the industry median of 11.96, Bharat Electronics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for an Aerospace & Defense company?
The median EBITDA Margin % among Aerospace & Defense companies is 11.96, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Electronics's current EBITDA Margin % of 30.24% is 152.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Bharat Electronics and its competitors. For the Aerospace & Defense industry, the median EBITDA Margin % is 11.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Electronics's current EBITDA Margin % is 30.24%, which is 20% above median its own 10-year median of 25.11. 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 EBITDA Margin % is 30.24%, which is 20% above median its 10-year median of 25.11 and 152.8% above the Aerospace & Defense industry median of 11.96. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Bharat Electronics (NSE:BEL), the current EBITDA Margin % is 30.24% 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:
EBITDA Margin %: 30.24% (20% above median its 10-year median of 25.11)
GF Value™: ₹394.67 vs. price of ₹407.20 (3.2% above fair value)
Industry Position: 152.8% above the Aerospace & Defense median (#34 of 347)
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 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
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