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Bharat Electronics - India's largest defence electronics maker.
State-owned defence electronics maker - radars, missiles and communication systems
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Makes radars, missile systems, communication and electronic-warfare equipment, mostly for the Indian armed forces. The only capital-goods stock in the index, a small weight.
BEL is the market's main listed play on India's push to buy defence equipment made at home.
A large order book from the defence ministry gives years of visibility; margins are healthy for a state company. Exports and non-defence work are small but growing.