BEL

Bharat Electronics Balance Sheet

₹378.90-2.19%
Market cap
₹2.77 lakh crore
P/E
45.1
P/B
11.55
ROE
27.6%
Dividend yield
0.15%

As of Mar 2022, Bharat Electronics had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 1,856.31% from Mar 2023.

Bharat Electronics balance sheet

As at each financial year end, newest first. H1 = half-year.

Bharat Electronics balance sheet (₹ crore)
ItemMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital500731731731731
Reserves8,5009,35211,47414,71518,293
Borrowings1,20061.3462.5161.2365.46
Other liabilities3,50021,55023,12020,77820,465
Total liabilities13,70035,49139,52740,83244,538
Fixed assets6,5003,0783,2763,6943,979
Capital work in progress400100100100100
Investments2,5007,0987,9058,1668,908
Other assets4,30010,64711,85812,25013,361
Total assets13,70035,49139,52740,83244,538

Balance sheet ratios

Debt to equity
0.13

Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.

Bharat Electronics balance sheet — frequently asked questions

What is the total debt of Bharat Electronics?

Bharat Electronics reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹61.34 crore as of Mar 2023.

What is Bharat Electronics' debt-to-equity ratio?

Based on the Mar 2022 balance sheet, Bharat Electronics' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.

What are Bharat Electronics' total assets?

Bharat Electronics' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.

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Figures are for information only and are not investment advice or a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks; read all related documents carefully before investing.