Bharat Electronics Limited (BEL_old) - Net Assets
Based on the latest financial reports, Bharat Electronics Limited (BEL_old) has net assets worth Rs163.44 Billion INR (≈ $1.77 Billion USD) as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs395.27 Billion ≈ $4.27 Billion USD) and total liabilities (Rs231.82 Billion ≈ $2.51 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Bharat Electronics Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs163.44 Billion |
| % of Total Assets | 41.35% |
| Annual Growth Rate | 13.49% |
| 5-Year Change | 62.06% |
| 10-Year Change | 101.21% |
| Growth Volatility | 9.0 |
Bharat Electronics Limited - Net Assets Trend (2004–2024)
This chart illustrates how Bharat Electronics Limited's net assets have evolved over time, based on quarterly financial data. Also explore BEL_old total asset value for the complete picture of this company's asset base.
Annual Net Assets for Bharat Electronics Limited (2004–2024)
The table below shows the annual net assets of Bharat Electronics Limited from 2004 to 2024. For live valuation and market cap data, see Bharat Electronics Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | Rs163.44 Billion ≈ $1.77 Billion |
+17.76% |
| 2023-03-31 | Rs138.79 Billion ≈ $1.50 Billion |
+12.82% |
| 2022-03-31 | Rs123.02 Billion ≈ $1.33 Billion |
+11.09% |
| 2021-03-31 | Rs110.75 Billion ≈ $1.20 Billion |
+9.80% |
| 2020-03-31 | Rs100.86 Billion ≈ $1.09 Billion |
+9.33% |
| 2019-03-31 | Rs92.25 Billion ≈ $997.63 Million |
+14.90% |
| 2018-03-31 | Rs80.29 Billion ≈ $868.27 Million |
+3.60% |
| 2017-03-31 | Rs77.49 Billion ≈ $838.08 Million |
-13.81% |
| 2016-03-31 | Rs89.91 Billion ≈ $972.32 Million |
+10.68% |
| 2015-03-31 | Rs81.23 Billion ≈ $878.47 Million |
+12.44% |
| 2014-03-31 | Rs72.24 Billion ≈ $781.25 Million |
+11.29% |
| 2013-03-31 | Rs64.91 Billion ≈ $701.97 Million |
+9.92% |
| 2012-03-31 | Rs59.05 Billion ≈ $638.60 Million |
+14.99% |
| 2011-03-31 | Rs51.35 Billion ≈ $555.34 Million |
+15.18% |
| 2010-03-31 | Rs44.58 Billion ≈ $482.16 Million |
+14.30% |
| 2009-03-31 | Rs39.01 Billion ≈ $421.84 Million |
+17.36% |
| 2008-03-31 | Rs33.24 Billion ≈ $359.43 Million |
+24.38% |
| 2007-03-31 | Rs26.72 Billion ≈ $288.97 Million |
+26.28% |
| 2006-03-31 | Rs21.16 Billion ≈ $228.83 Million |
+27.97% |
| 2005-03-31 | Rs16.53 Billion ≈ $178.81 Million |
+27.06% |
| 2004-03-31 | Rs13.01 Billion ≈ $140.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bharat Electronics Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs7.31 Billion | 4.48% |
| Other Comprehensive Income | Rs155.95 Billion | 95.52% |
| Total Equity | Rs163.26 Billion | 100.00% |
Bharat Electronics Limited Competitors by Market Cap
The table below lists competitors of Bharat Electronics Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sandoz Group AG
SW:SDZ
|
$29.43 Billion |
|
Woolworths Group Ltd
AU:WOW
|
$29.52 Billion |
|
Roblox Corp
NYSE:RBLX
|
$29.55 Billion |
|
Hewlett Packard Enterprise Co
NYSE:HPE
|
$29.59 Billion |
|
Vestas Wind Systems A/S
CO:VWS
|
$29.34 Billion |
|
Expedia Group Inc.
NASDAQ:EXPE
|
$29.30 Billion |
|
FANUC CORP.UNSP.ADR 1/10
F:FUCA
|
$29.28 Billion |
|
IMPERIAL BRANDS PLC ADR/1
F:ITBA
|
$29.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bharat Electronics Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 138,616,300,000 to 163,264,700,000, a change of 24,648,400,000 (17.8%).
- Net income of 39,845,200,000 contributed positively to equity growth.
- Dividend payments of 14,620,900,000 reduced retained earnings.
- Other comprehensive income increased equity by 118,166,300,000.
- Other factors decreased equity by 118,742,200,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs39.85 Billion | +24.41% |
| Dividends Paid | Rs14.62 Billion | -8.96% |
| Other Comprehensive Income | Rs118.17 Billion | +72.38% |
| Other Changes | Rs-118.74 Billion | -72.73% |
| Total Change | Rs- | 17.78% |
Book Value vs Market Value Analysis
This analysis compares Bharat Electronics Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 16.66x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 226.63x to 16.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs1.64 | Rs372.05 | x |
| 2005-03-31 | Rs2.09 | Rs372.05 | x |
| 2006-03-31 | Rs2.67 | Rs372.05 | x |
| 2007-03-31 | Rs3.37 | Rs372.05 | x |
| 2008-03-31 | Rs4.19 | Rs372.05 | x |
| 2009-03-31 | Rs4.92 | Rs372.05 | x |
| 2010-03-31 | Rs5.63 | Rs372.05 | x |
| 2011-03-31 | Rs6.48 | Rs372.05 | x |
| 2012-03-31 | Rs7.45 | Rs372.05 | x |
| 2013-03-31 | Rs8.19 | Rs372.05 | x |
| 2014-03-31 | Rs9.12 | Rs372.05 | x |
| 2015-03-31 | Rs10.25 | Rs372.05 | x |
| 2016-03-31 | Rs11.35 | Rs372.05 | x |
| 2017-03-31 | Rs10.05 | Rs372.05 | x |
| 2018-03-31 | Rs10.88 | Rs372.05 | x |
| 2019-03-31 | Rs12.60 | Rs372.05 | x |
| 2020-03-31 | Rs13.78 | Rs372.05 | x |
| 2021-03-31 | Rs15.13 | Rs372.05 | x |
| 2022-03-31 | Rs16.81 | Rs372.05 | x |
| 2023-03-31 | Rs18.96 | Rs372.05 | x |
| 2024-03-31 | Rs22.33 | Rs372.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bharat Electronics Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.41%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.66%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.42x
- Recent ROE (24.41%) is above the historical average (19.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 25.40% | 11.48% | 0.68x | 3.24x | Rs2.00 Billion |
| 2005 | 27.51% | 13.61% | 0.75x | 2.69x | Rs2.89 Billion |
| 2006 | 28.33% | 16.39% | 0.69x | 2.51x | Rs3.87 Billion |
| 2007 | 27.42% | 18.08% | 0.68x | 2.24x | Rs4.65 Billion |
| 2008 | 25.21% | 19.90% | 0.59x | 2.13x | Rs5.05 Billion |
| 2009 | 19.31% | 15.86% | 0.55x | 2.22x | Rs3.63 Billion |
| 2010 | 16.55% | 13.75% | 0.57x | 2.13x | Rs2.92 Billion |
| 2011 | 17.11% | 15.61% | 0.42x | 2.61x | Rs3.65 Billion |
| 2012 | 14.36% | 14.63% | 0.39x | 2.55x | Rs2.57 Billion |
| 2013 | 14.04% | 14.80% | 0.41x | 2.29x | Rs2.62 Billion |
| 2014 | 13.18% | 15.00% | 0.42x | 2.07x | Rs2.29 Billion |
| 2015 | 14.75% | 17.36% | 0.44x | 1.94x | Rs3.86 Billion |
| 2016 | 15.44% | 18.80% | 0.40x | 2.06x | Rs4.89 Billion |
| 2017 | 19.70% | 18.30% | 0.47x | 2.27x | Rs7.50 Billion |
| 2018 | 17.86% | 14.21% | 0.53x | 2.36x | Rs6.30 Billion |
| 2019 | 20.48% | 15.91% | 0.57x | 2.26x | Rs9.65 Billion |
| 2020 | 18.11% | 14.43% | 0.52x | 2.42x | Rs8.17 Billion |
| 2021 | 18.98% | 15.16% | 0.47x | 2.67x | Rs9.93 Billion |
| 2022 | 19.53% | 15.90% | 0.44x | 2.76x | Rs11.70 Billion |
| 2023 | 21.53% | 17.15% | 0.49x | 2.56x | Rs15.98 Billion |
| 2024 | 24.41% | 19.66% | 0.51x | 2.42x | Rs23.52 Billion |
Industry Comparison
This section compares Bharat Electronics Limited's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $27,773,675,111
- Average return on equity (ROE) among peers: 13.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bharat Electronics Limited (BEL_old) | Rs163.44 Billion | 25.40% | 1.42x | $29.41 Billion |
| Apollo Micro Systems Limited (APOLLO) | $3.84 Billion | 4.88% | 0.80x | $1.08 Billion |
| Bharat Dynamics Limited (BDL) | $32.11 Billion | 10.97% | 1.70x | $5.41 Billion |
| Cochin Shipyard Limited (COCHINSHIP) | $17.21 Billion | 16.96% | 1.04x | $4.93 Billion |
| Data Patterns (India) Limited (DATAPATTNS) | $13.24 Billion | 13.72% | 0.28x | $2.47 Billion |
| DCX Systems Limited (DCXINDIA) | $11.26 Billion | 6.73% | 0.64x | $242.09 Million |
| Garden Reach Shipbuilders & Engineers Limited (GRSE) | $8.67 Billion | 15.19% | 5.86x | $3.63 Billion |
| Hindustan Aeronautics Limited (HAL) | $129.41 Billion | 24.86% | 3.46x | $31.38 Billion |
| Mazagon Dock Shipbuilders Limited (MAZDOCK) | $32.14 Billion | 16.57% | 5.48x | $11.92 Billion |
| Sigma Advanced Systems Limited (MEGASOFT) | $2.07 Billion | 10.48% | 0.54x | $3.08 Billion |
About Bharat Electronics Limited
Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India. Its defense products include defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, electro optics, tank and armored fighting vehicle electronic systems, weapon systems, C4I systems, shelters and masts, simu… Read more