Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Bharat Electronics's share price for the quarter that ended in Mar. 2026 was ₹400.65. Bharat Electronics's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 7,310 Mil. Therefore, Bharat Electronics's market cap for the quarter that ended in Mar. 2026 was ₹2,928,663 Mil.
Bharat Electronics's quarterly market cap
declined
from Sep. 2025 (₹2,952,785 Mil) to Dec. 2025 (₹2,920,988 Mil) but then
increased
from Dec. 2025 (₹2,920,988 Mil) to Mar. 2026 (₹2,928,663 Mil).
Bharat Electronics's annual market cap
increased
from Mar. 2024 (₹1,472,920 Mil) to Mar. 2025 (₹2,202,583 Mil) and
increased
from Mar. 2025 (₹2,202,583 Mil) to Mar. 2026 (₹2,928,663 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Bharat Electronics's Enterprise Value for Today is ₹2,947,446 Mil.
Bharat Electronics (NSE:BEL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Bharat Electronics Market Cap Related Terms
Bharat Electronics Market Cap Historical Data
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The historical data trend for Bharat Electronics's Market Cap 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.
For the Aerospace & Defense subindustry, Bharat Electronics's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's Market Cap distribution charts can be found below:
* The bar in red indicates where Bharat Electronics's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Bharat Electronics's Market Cap for the fiscal year that ended in Mar. 2026 is calculated as
* 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 Market Cap of ₹3,033,924 Mil as of Jul. 03, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Bharat Electronics and its competitors. According to the industry distribution chart, Bharat Electronics ranks #27 out of 361 companies in the Aerospace & Defense industry, placing it in the top 7.5%.
Is Bharat Electronics' Market Cap too high?
Bharat Electronics' current Market Cap is ₹3,033,924 Mil. Based on the distribution chart, Bharat Electronics ranks #27 out of 361 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 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Electronics' Market Cap compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Bharat Electronics ranks #27 out of 361 companies for Market Cap. This places Bharat Electronics in the top 8% of its industry — outperforming the majority of peers. The industry median Market Cap is 831.89. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Aerospace & Defense company?
The median Market Cap among Aerospace & Defense companies is 831.89, based on 361 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Bharat Electronics and its competitors. For the Aerospace & Defense industry, the median Market Cap is 831.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Electronics's current Market Cap is ₹3,033,924 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 ₹395.86, compared to a current price of ₹415.05 — trading 4.8% above its estimated fair value. The current Market Cap is ₹3,033,924 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Bharat Electronics (NSE:BEL), the current Market Cap is ₹3,033,924 Mil as of Jul. 03, 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 ₹415.05 is trading 4.8% above its estimated GF Value™ of ₹395.86.
GuruFocus considers Bharat Electronics to be Fairly Valued.
Key valuation signals for NSE:BEL:
Market Cap: ₹3,033,924 Mil
GF Value™: ₹395.86 vs. price of ₹415.05 (4.8% above fair value)
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.
97GF Score
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