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Bharat Electronics Limited (IN:BEL)
:BEL
India Market

Bharat Electronics Limited (BEL) Ratios

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Bharat Electronics Limited Ratios

IN:BEL's free cash flow for Q4 2025 was ₹0.48. For the 2025 fiscal year, IN:BEL's free cash flow was decreased by ₹ and operating cash flow was ₹0.29. See a summary of the company’s cash flow.
Ratios
TTM
Mar 25Mar 24Mar 23Mar 22
Liquidity Ratios
Current Ratio
1.55 1.55 1.46 1.39 1.41
Quick Ratio
1.21 1.21 1.15 1.11 1.11
Cash Ratio
0.05 0.05 0.19 0.07 0.18
Solvency Ratio
0.19 0.19 0.16 0.13 0.13
Operating Cash Flow Ratio
0.21 0.21 0.06 0.21 0.30
Short-Term Operating Cash Flow Coverage
-0.30 -0.30 0.00 0.00 0.00
Net Current Asset Value
₹ 108.81B₹ 108.81B₹ 84.36B₹ 56.85B₹ 52.98B
Leverage Ratios
Debt-to-Assets Ratio
<0.01 <0.01 <0.01 <0.01 <0.01
Debt-to-Equity Ratio
<0.01 <0.01 <0.01 <0.01 <0.01
Debt-to-Capital Ratio
<0.01 <0.01 <0.01 <0.01 <0.01
Long-Term Debt-to-Capital Ratio
0.00 0.00 0.00 0.00 0.00
Financial Leverage Ratio
2.42 2.42 2.56 2.76 2.67
Debt Service Coverage Ratio
-0.29 -0.29 226.62 593.13 424.49
Interest Coverage Ratio
410.60 410.60 246.42 631.16 501.25
Debt to Market Cap
-0.10 -0.10 0.00 0.00 0.00
Interest Debt Per Share
0.10 0.10 0.10 0.08 0.01
Net Debt to EBITDA
-0.20 -0.20 -0.89 -0.35 -0.91
Profitability Margins
Gross Profit Margin
46.85%46.85%43.53%40.93%42.23%
EBIT Margin
26.49%26.49%22.65%21.05%21.31%
EBITDA Margin
28.74%28.74%25.11%23.70%24.11%
Operating Profit Margin
24.51%24.51%21.17%19.50%21.03%
Pretax Profit Margin
26.46%26.46%22.54%20.99%21.24%
Net Profit Margin
20.02%20.02%17.15%15.90%15.16%
Continuous Operations Profit Margin
20.02%20.02%17.16%15.91%15.16%
Net Income Per EBT
75.66%75.66%76.08%75.76%71.35%
EBT Per EBIT
107.96%107.96%106.49%107.65%101.01%
Return on Assets (ROA)
10.08%10.08%8.41%7.07%7.12%
Return on Equity (ROE)
24.41%24.41%21.53%19.53%18.98%
Return on Capital Employed (ROCE)
27.87%27.87%24.68%20.53%23.00%
Return on Invested Capital (ROIC)
165.31%165.31%18.50%15.26%16.18%
Return on Tangible Assets
10.26%10.26%8.59%7.23%7.28%
Earnings Yield
2.58%2.58%4.19%4.67%6.89%
Efficiency Ratios
Receivables Turnover
0.00 0.00 1.32 1.27 1.23
Payables Turnover
2.85 2.85 2.95 2.64 2.43
Inventory Turnover
1.42 1.42 1.52 1.59 1.61
Fixed Asset Turnover
6.08 6.08 5.70 5.05 4.77
Asset Turnover
0.50 0.50 0.49 0.44 0.47
Working Capital Turnover Ratio
1.85 1.85 2.02 2.07 2.17
Cash Conversion Cycle
129.05 129.05 392.91 378.44 373.20
Days of Sales Outstanding
0.00 0.00 277.12 287.40 297.06
Days of Inventory Outstanding
256.92 256.92 239.48 229.06 226.64
Days of Payables Outstanding
127.87 127.87 123.69 138.01 150.50
Operating Cycle
256.92 256.92 516.61 516.45 523.70
Cash Flow Ratios
Operating Cash Flow Per Share
6.37 6.37 1.73 5.76 6.97
Free Cash Flow Per Share
5.48 5.48 0.93 5.00 6.33
CapEx Per Share
0.89 0.89 0.81 0.76 0.64
Free Cash Flow to Operating Cash Flow
0.86 0.86 0.53 0.87 0.91
Dividend Paid and CapEx Coverage Ratio
2.20 2.20 0.69 2.67 3.41
Capital Expenditure Coverage Ratio
7.14 7.14 2.15 7.59 10.85
Operating Cash Flow Coverage Ratio
74.54 74.54 20.65 79.83 2.02K
Operating Cash Flow to Sales Ratio
0.23 0.23 0.07 0.28 0.37
Free Cash Flow Yield
2.60%2.60%0.95%7.11%15.17%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
38.73 38.73 23.89 21.41 14.52
Price-to-Sales (P/S) Ratio
7.75 7.75 4.10 3.41 2.20
Price-to-Book (P/B) Ratio
9.45 9.45 5.14 4.18 2.76
Price-to-Free Cash Flow (P/FCF) Ratio
38.52 38.52 105.42 14.06 6.59
Price-to-Operating Cash Flow Ratio
33.12 33.12 56.29 12.21 5.98
Price-to-Earnings Growth (PEG) Ratio
1.15 1.15 0.98 1.50 0.98
Price-to-Fair Value
9.45 9.45 5.14 4.18 2.76
Enterprise Value Multiple
26.78 26.78 15.43 14.02 8.22
Enterprise Value
1.53T 1.53T 674.23B 501.18B 274.41B
EV to EBITDA
26.78 26.78 15.43 14.02 8.22
EV to Sales
7.70 7.70 3.87 3.32 1.98
EV to Free Cash Flow
38.23 38.23 99.68 13.72 5.93
EV to Operating Cash Flow
32.88 32.88 53.22 11.91 5.39
Tangible Book Value Per Share
21.42 21.42 17.94 15.84 14.26
Shareholders’ Equity Per Share
22.33 22.33 18.96 16.81 15.13
Tax and Other Ratios
Effective Tax Rate
0.25 0.25 0.25 0.26 0.30
Revenue Per Share
27.23 27.23 23.81 20.64 18.95
Net Income Per Share
5.45 5.45 4.08 3.28 2.87
Tax Burden
0.76 0.76 0.76 0.76 0.71
Interest Burden
1.00 1.00 1.00 1.00 1.00
Research & Development to Revenue
<0.01 <0.01 <0.01 <0.01 0.06
SG&A to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Stock-Based Compensation to Revenue
0.00 0.00 0.00 0.00 0.00
Income Quality
1.17 1.17 0.32 1.31 1.71
Currency in INR
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