Bharat Electronics vs GRSE: share price, P/E, ROE and financials compared
Bharat Electronics
Garden Reach Shipbuilders & Engineers
Bharat Electronics and GRSE at a glance
Bharat Electronics and GRSE are both listed in Capital Goods. Bharat Electronics is the larger by market cap, at ₹2.9L Cr against ₹24,465 Cr for GRSE (11.8 times as large). On valuation, GRSE has the lower P/E (30.6× against 45.3×) and the lower price-to-book (9.32× against 11.01×). On returns and margins, Bharat Electronics has the higher operating margin (28.2% against 11.0%), while GRSE has the higher ROCE (36.8% against 31.9%) and the higher ROE (31.8% against 26.7%). Over three years, GRSE has faster 3-year sales growth (+40.0% against +15.5% a year) and faster 3-year profit growth (+48.5% against +26.6% a year). Neither carries much debt for its equity: debt-to-equity is 0.00× for Bharat Electronics and 0.01× for GRSE.
Key metrics, side by side
| Metric | Bharat ElectronicsBEL | GRSEGRSE |
|---|---|---|
| Price (₹) | 396.00 | 2,135.70 |
| Market cap (₹ Cr) | 2,89,467 | 24,465 |
| P/E | 45.3× | 30.6× (the lower figure, shaded) |
| P/B | 11.01× | 9.32× (the lower figure, shaded) |
| Dividend yield, trailing | 0.63% | 0.92% (the higher figure, shaded) |
| ROE | 26.7% | 31.8% (the higher figure, shaded) |
| ROCE | 31.9% | 36.8% (the higher figure, shaded) |
| Operating margin (OPM) | 28.2% (the higher figure, shaded) | 11.0% |
| Net margin (NPM) | 21.2% (the higher figure, shaded) | 10.7% |
| Sales CAGR 3Y | +15.5% | +40.0% (the higher figure, shaded) |
| Profit CAGR 3Y | +26.6% | +48.5% (the higher figure, shaded) |
| Debt to equity | 0.00× | 0.01× |
| Interest cover | 1239.9× (the higher figure, shaded) | 63.3× |
| Net profit TTM (₹ Cr) | 6,399 | – |
| 1Y return | −4.8% (the higher figure, shaded) | −16.4% |
| Promoter holding | 51.14% | 74.50% |
Bharat Electronics vs GRSE: common questions
Which is bigger, Bharat Electronics or GRSE?
By market cap, Bharat Electronics is bigger at ₹2.9L Cr, against ₹24,465 Cr for GRSE (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Bharat Electronics or GRSE?
Bharat Electronics trades at a P/E of 45.3× and GRSE at 30.6×. GRSE has the lower P/E. 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 GRSE?
Bharat Electronics reports a return on equity of 26.7% and GRSE 31.8%. GRSE has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Bharat Electronics or GRSE?
Over the last three years: Sales grew +15.5% a year at Bharat Electronics and +40.0% at GRSE, so GRSE grew sales faster; profit grew +26.6% a year at Bharat Electronics and +48.5% at GRSE, so GRSE grew profit faster. Past growth doesn’t predict future growth.