Bharat Electronics vs Bharat Dynamics: share price, P/E, ROE and financials compared
Bharat Electronics
Bharat Dynamics
Bharat Electronics and Bharat Dynamics at a glance
Bharat Electronics and Bharat Dynamics are both listed in Capital Goods. Bharat Electronics is the larger by market cap, at ₹2.9L Cr against ₹38,856 Cr for Bharat Dynamics (7.4 times as large). On valuation, Bharat Dynamics has the lower price-to-book (9.16× against 11.01×). On returns and margins, Bharat Electronics has the higher operating margin (28.2% against 12.8%). Over three years, Bharat Electronics has faster 3-year sales growth (+15.5% against −0.9% a year). Neither carries much debt for its equity: debt-to-equity is 0.00× for Bharat Electronics and 0.00× for Bharat Dynamics.
Key metrics, side by side
| Metric | Bharat ElectronicsBEL | Bharat DynamicsBDL |
|---|---|---|
| Price (₹) | 396.00 | 1,060.00 |
| Market cap (₹ Cr) | 2,89,467 | 38,856 |
| P/E | 45.3× | 74.6× |
| P/B | 11.01× | 9.16× (the lower figure, shaded) |
| Dividend yield, trailing | 0.63% (the higher figure, shaded) | 0.46% |
| ROE | 26.7% | 10.2% |
| ROCE | 31.9% | 7.2% |
| Operating margin (OPM) | 28.2% (the higher figure, shaded) | 12.8% |
| Net margin (NPM) | 21.2% | 18.8% |
| Sales CAGR 3Y | +15.5% (the higher figure, shaded) | −0.9% |
| Profit CAGR 3Y | +26.6% | +6.1% |
| Debt to equity | 0.00× | 0.00× |
| Interest cover | 1239.9× (the higher figure, shaded) | 285.3× |
| Net profit TTM (₹ Cr) | 6,399 | 521 |
| 1Y return | −4.8% (the higher figure, shaded) | −27.4% |
| Promoter holding | 51.14% | 74.93% |
Bharat Electronics vs Bharat Dynamics: common questions
Which is bigger, Bharat Electronics or Bharat Dynamics?
By market cap, Bharat Electronics is bigger at ₹2.9L Cr, against ₹38,856 Cr for Bharat Dynamics (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹6,399 Cr for Bharat Electronics and ₹521 Cr for Bharat Dynamics.
Which has a lower P/E ratio, Bharat Electronics or Bharat Dynamics?
Bharat Electronics trades at a P/E of 45.3× and Bharat Dynamics at 74.6×. Bharat Dynamics’s P/E isn’t ranked because its profit includes a one-off gain. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Bharat Electronics or Bharat Dynamics?
Bharat Electronics reports a return on equity of 26.7% and Bharat Dynamics 10.2%. Bharat Dynamics’s ROE isn’t ranked because its profit includes a one-off gain. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Bharat Electronics or Bharat Dynamics?
Over the last three years: Sales grew +15.5% a year at Bharat Electronics and −0.9% at Bharat Dynamics, so Bharat Electronics grew sales faster; profit grew +26.6% a year at Bharat Electronics and +6.1% at Bharat Dynamics. Past growth doesn’t predict future growth.