{"id":299594,"date":"2026-10-09T17:04:03","date_gmt":"2026-10-09T11:34:03","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299594"},"modified":"2026-10-09T17:04:03","modified_gmt":"2026-10-09T11:34:03","slug":"bharat-electronics-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/","title":{"rendered":"Bharat Electronics Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Bharat Electronics share price Rs 368.05 (9 October 2026). Base target Rs 440, bull Rs 528, downside risk Rs 294. PE 43.65. 52W range Rs 366.20 to Rs 473.45.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Bharat Electronics share price target for 2027 is Rs 440, about 19.5% above the current price of Rs 368.05. The bull case is Rs 528, and the downside risk level, which is not a target, is Rs 294. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 23.3%, with the stock holding its PE of 43.65. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Bharat Electronics target price for 2027 should start with where the stock sits today. At Rs 368.05 on 9 October 2026, it is 22.3% below its 52-week high of Rs 473.45 and 0.5% above its 52-week low of Rs 366.20. That range spans 29% from low to high, so the entry point matters as much as the Bharat Electronics price forecast itself.<\/p>\n<p>This article builds the Bharat Electronics share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 440 base case and the Rs 528 bull case were reached, along with a downside risk level of Rs 294.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=bharat-electronics-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Bharat_Electronics_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Bharat Electronics Stock Analysis: Company Overview and Key Stats\">Bharat Electronics Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Why_Is_Bharat_Electronics_Share_Price_Target_Set_at_Rs_440_for_2027\" title=\"Why Is Bharat Electronics Share Price Target Set at Rs 440 for 2027?\">Why Is Bharat Electronics Share Price Target Set at Rs 440 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Earnings_Growth_Behind_the_Bharat_Electronics_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Bharat Electronics Target Price: Five Years of Results\">Earnings Growth Behind the Bharat Electronics Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Valuation_Check_for_the_Bharat_Electronics_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Bharat Electronics Stock Target: PE, Price to Book and ROE\">Valuation Check for the Bharat Electronics Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Bharat_Electronics_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Bharat Electronics Share Price Targets for the Short Term and 12 Months\">Bharat Electronics Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Short_Term_Bharat_Electronics_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Bharat Electronics Stock Target Levels: Technical Setup\">Short Term Bharat Electronics Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#12_Month_Bharat_Electronics_Target_Price_for_2027\" title=\"12 Month Bharat Electronics Target Price for 2027\">12 Month Bharat Electronics Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Bharat_Electronics_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Bharat Electronics Target Price\">How EPS Growth and PE Multiple Change the Bharat Electronics Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Bharat_Electronics_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Bharat Electronics Stock Target in 2027\">Bull Case and Downside Risk for Bharat Electronics Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Bull_Case_Rs_528\" title=\"Bull Case Rs 528\">Bull Case Rs 528<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Downside_Risk_Level_Rs_294\" title=\"Downside Risk Level Rs 294\">Downside Risk Level Rs 294<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Key_Risks_to_the_Bharat_Electronics_Target_Price_for_2027\" title=\"Key Risks to the Bharat Electronics Target Price for 2027\">Key Risks to the Bharat Electronics Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Bharat_Electronics_Price_Target\" title=\"Growth Slowdown Risk for the Bharat Electronics Price Target\">Growth Slowdown Risk for the Bharat Electronics Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#How_to_Invest_in_Bharat_Electronics\" title=\"How to Invest in Bharat Electronics\">How to Invest in Bharat Electronics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#FAQs_on_Bharat_Electronics_Share_Price_Target_2027\" title=\"FAQs on Bharat Electronics Share Price Target 2027\">FAQs on Bharat Electronics Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#What_is_the_Bharat_Electronics_share_price_target_for_2027\" title=\"What is the Bharat Electronics share price target for 2027?\">What is the Bharat Electronics share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#What_is_the_Bharat_Electronics_share_price_today\" title=\"What is the Bharat Electronics share price today?\">What is the Bharat Electronics share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Is_Bharat_Electronics_a_buy_or_sell_at_the_current_price\" title=\"Is Bharat Electronics a buy or sell at the current price?\">Is Bharat Electronics a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Bharat_Electronics_shares\" title=\"What are the bull case target and downside risk level for Bharat Electronics shares?\">What are the bull case target and downside risk level for Bharat Electronics shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#What_are_the_main_risks_to_the_Bharat_Electronics_price_target\" title=\"What are the main risks to the Bharat Electronics price target?\">What are the main risks to the Bharat Electronics price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#What_is_the_PE_ratio_of_Bharat_Electronics_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Bharat Electronics and how does it compare with the industry?\">What is the PE ratio of Bharat Electronics and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#Who_owns_Bharat_Electronics_and_what_is_the_promoter_holding\" title=\"Who owns Bharat Electronics, and what is the promoter holding?\">Who owns Bharat Electronics, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/bharat-electronics-share-price-target-2027\/#What_were_Bharat_Electronics_latest_quarterly_results\" title=\"What were Bharat Electronics&#8217; latest quarterly results?\">What were Bharat Electronics&#8217; latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Bharat_Electronics_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Bharat Electronics Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bharat Electronics (NSE: BEL) has a market capitalisation of Rs 2,68,342 crore. In FY26 it reported revenue of Rs 28,176 crore and net profit of Rs 6,023 crore. The table collects the figures the Bharat Electronics share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/bel\/bharat-electronics-ltd-share-price-today\">Bharat Electronics<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>BEL<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 368.05<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 473.45<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 366.20<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 2,68,342 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>43.65<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>48.37<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>11.19<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>25.27%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 8.41<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.68%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 440<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 528<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 294<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Bharat_Electronics_Share_Price_Target_Set_at_Rs_440_for_2027\"><\/span><strong>Why Is Bharat Electronics Share Price Target Set at Rs 440 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Bharat Electronics stock target of Rs 440 applies a PE multiple of 43.65 to a forward EPS estimate of Rs 10.09. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 19.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Bharat_Electronics_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Bharat Electronics Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bharat Electronics grew revenue from Rs 15,600 crore in FY22 to Rs 28,176 crore in FY26, a compound annual growth rate of 15.9%. Net profit grew faster, from Rs 2,354 crore to Rs 6,023 crore (26.5% a year), which shows margin gains did part of the work and not just higher sales.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>15,599.72<\/td>\n<td>2,354.46<\/td>\n<td>9.85<\/td>\n<td>4.50<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>18,015.24<\/td>\n<td>2,940.35<\/td>\n<td>4.09<\/td>\n<td>1.80<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>20,938.38<\/td>\n<td>3,943.11<\/td>\n<td>5.45<\/td>\n<td>2.20<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>24,511.11<\/td>\n<td>5,287.15<\/td>\n<td>7.28<\/td>\n<td>2.40<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>28,176.14<\/td>\n<td>6,023.47<\/td>\n<td>8.29<\/td>\n<td>2.50<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 15.0%, close to the four-year average of 15.9%, and net profit moved up 13.9%. EPS rose from Rs 5.45 in FY24 to Rs 8.29 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bharat Electronics converted 21.4% of FY26 revenue into net profit, against 21.6% in FY25, within a five-year range of 15.1% to 21.6%. EBITDA margin was 30.6% in FY26 versus 30.9% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 5,717 crore, up 24.2% from the same quarter a year earlier, while net profit of Rs 1,044 crore was up 8.7%. EBITDA came in at Rs 1,558 crore, up 11.2% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.00, and shareholders&#8217; equity grew from Rs 12,302 crore in FY22 to Rs 24,007 crore in FY26. Operating cash flow in FY26 was Rs 1,541 crore against capital expenditure of Rs 985.36 crore, leaving free cash flow of Rs 556.01 crore, or 0.2% of the current market capitalisation. In FY25 free cash flow was negative at Rs 447.01 crore, so cash generation has not been steady year to year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Bharat_Electronics_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Bharat Electronics Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 43.65 against an industry PE of 48.37, Bharat Electronics trades in line with its industry. Price to book is 11.19 on a book value of Rs 32.82 per share, and return on equity is 25.27%. A PE of 43.65 equals an earnings yield of 2.3%, and the FY26 dividend of Rs 2.50 per share gives a yield of 0.68%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 51.14% of Bharat Electronics in June 2026, and promoter holding has stayed near 51.14% since June 2025. Foreign institutional investors (FII) held 18.02% and domestic institutions (DII) held 21.02%, which puts total institutional holding at 39.04%. FII holding fell from 18.56% in June 2025 to 18.02% in June 2026. Public shareholders own the remaining 9.82%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bharat_Electronics_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Bharat Electronics Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Bharat_Electronics_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Bharat Electronics Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 368.05 on 9 October 2026, Bharat Electronics trades below its 50-day simple moving average of Rs 398.68 and below its 200-day exponential moving average of Rs 406.12. The 14-day RSI reads 26.7, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 398.68 (50-day simple moving average) and the nearest support is Rs 366.20 (52-week low). A sustained move above Rs 398.68 would improve the short-term setup, while a close below Rs 366.20 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Bharat_Electronics_Target_Price_for_2027\"><\/span><strong>12 Month Bharat Electronics Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Bharat Electronics is Rs 440: forward EPS of Rs 10.09 at a PE of 43.65. That is 19.5% above Rs 368.05. It would still leave the stock 7.1% below its 52-week high of Rs 473.45.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Bharat_Electronics_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Bharat Electronics Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 34.92<\/th>\n<th>PE 43.65<\/th>\n<th>PE 50.20<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 8.41)<\/td>\n<td>Rs 294<\/td>\n<td>Rs 367<\/td>\n<td>Rs 422<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 10.09)<\/td>\n<td>Rs 352<\/td>\n<td>Rs 440<\/td>\n<td>Rs 507<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 10.51)<\/td>\n<td>Rs 367<\/td>\n<td>Rs 459<\/td>\n<td>Rs 528<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Bharat Electronics price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Bharat_Electronics_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Bharat Electronics Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_528\"><\/span><strong>Bull Case Rs 528<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Bharat Electronics price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 10.51, and a PE multiple that rises 15% to 50.20. That gives Rs 528, 43.5% above the current price and above the 52-week high of Rs 473.45, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_294\"><\/span><strong>Downside Risk Level Rs 294<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 8.41 and the PE falls 20% to 34.92. That gives Rs 294, 20.1% below the current price and below the 52-week low of Rs 366.20.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>50.20<\/td>\n<td>Rs 528<\/td>\n<td>+43.5%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>43.65<\/td>\n<td>Rs 440<\/td>\n<td>+19.5%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>34.92<\/td>\n<td>Rs 294<\/td>\n<td>-20.1%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Bharat_Electronics_Target_Price_for_2027\"><\/span><strong>Key Risks to the Bharat Electronics Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Bharat_Electronics_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Bharat Electronics Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 24.2% year on year, and FY26 revenue growth was 15.0%. If growth slows from here, the EPS estimate behind the Bharat Electronics stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bharat Electronics has a market capitalisation of Rs 2,68,342 crore. Institutional holding is 39.04%, and promoters hold 51.14%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 21.4% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 43.65 versus an industry PE of 48.37, a de-rating toward the downside-risk PE of 34.92 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 22.3% below its 52-week high, with an RSI of 26.7 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Bharat_Electronics\"><\/span><strong>How to Invest in Bharat Electronics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Bharat Electronics share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 368.05 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Bharat Electronics&#8217; PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Bharat Electronics fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Bharat Electronics target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Bharat Electronics live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Bharat Electronics share price target for 2027 is Rs 440 in the base case, with Rs 528 as the bull case. The support for that view is arithmetic you can check: EPS grew 23.3% a year over FY24 to FY26, and the stock trades at a PE of 43.65. The risks are equally concrete, including a stock that sits 22.3% below its 52-week high and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Bharat_Electronics_Share_Price_Target_2027\"><\/span><strong>FAQs on Bharat Electronics Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Bharat_Electronics_share_price_target_for_2027\"><\/span><strong>What is the Bharat Electronics share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Bharat Electronics share price target for 2027 is Rs 440, with Rs 528 as the bull case. The downside risk level, which is not a target, is Rs 294. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Bharat_Electronics_share_price_today\"><\/span><strong>What is the Bharat Electronics share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 12:52 PM IST, Bharat Electronics trades at Rs 368.05, up 0.20% on the day. The 52-week range is Rs 366.20 to Rs 473.45.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Bharat_Electronics_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Bharat Electronics a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 23.3% a year over FY24 to FY26, but the stock is 22.3% below its 52-week high. Whether Bharat Electronics fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Bharat_Electronics_shares\"><\/span><strong>What are the bull case target and downside risk level for Bharat Electronics shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 528, which assumes 25.0% EPS growth and a PE of 50.20. The downside risk level is Rs 294, which assumes flat EPS and a PE of 34.92. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Bharat_Electronics_price_target\"><\/span><strong>What are the main risks to the Bharat Electronics price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 2,68,342 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Bharat_Electronics_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Bharat Electronics and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Bharat Electronics is 43.65 against an industry PE of 48.37. Price to book is 11.19 and return on equity is 25.27%. The base case in the Bharat Electronics price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Bharat_Electronics_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Bharat Electronics, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 51.14% of Bharat Electronics in June 2026. FII held 18.02%, DII held 21.02% and the public held 9.82%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Bharat_Electronics_latest_quarterly_results\"><\/span><strong>What were Bharat Electronics&#8217; latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Bharat Electronics reported revenue of Rs 5,717 crore (up 24.2% year on year) and net profit of Rs 1,044 crore (up 8.7%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Bharat Electronics share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Bharat Electronics share price target for 2027 is Rs 440, with Rs 528 as the bull case. The downside risk level, which is not a target, is Rs 294. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.\"}},{\"@type\":\"Question\",\"name\":\"What is the Bharat Electronics share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of 9 October 2026, 12:52 PM IST, Bharat Electronics trades at Rs 368.05, up 0.20% on the day. The 52-week range is Rs 366.20 to Rs 473.45.\"}},{\"@type\":\"Question\",\"name\":\"Is Bharat Electronics a buy or sell at the current price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The data is mixed rather than one-sided: EPS has grown 23.3% a year over FY24 to FY26, but the stock is 22.3% below its 52-week high. Whether Bharat Electronics fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.\"}},{\"@type\":\"Question\",\"name\":\"What are the bull case target and downside risk level for Bharat Electronics shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The bull case target is Rs 528, which assumes 25.0% EPS growth and a PE of 50.20. The downside risk level is Rs 294, which assumes flat EPS and a PE of 34.92. It marks a risk, not a target.\"}},{\"@type\":\"Question\",\"name\":\"What are the main risks to the Bharat Electronics price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are slower revenue growth, a small market capitalisation of Rs 2,68,342 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.\"}},{\"@type\":\"Question\",\"name\":\"What is the PE ratio of Bharat Electronics and how does it compare with the industry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PE ratio of Bharat Electronics is 43.65 against an industry PE of 48.37. Price to book is 11.19 and return on equity is 25.27%. The base case in the Bharat Electronics price target holds this PE constant.\"}},{\"@type\":\"Question\",\"name\":\"Who owns Bharat Electronics, and what is the promoter holding?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Promoters held 51.14% of Bharat Electronics in June 2026. FII held 18.02%, DII held 21.02% and the public held 9.82%.\"}},{\"@type\":\"Question\",\"name\":\"What were Bharat Electronics' latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Bharat Electronics reported revenue of Rs 5,717 crore (up 24.2% year on year) and net profit of Rs 1,044 crore (up 8.7%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Electronics share price target 2027: base Rs 440, bull Rs 528, downside risk level Rs 294, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":38,"featured_media":299593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299593"],"rank_math_title":["Bharat Electronics Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Bharat Electronics share price target for 2027 is Rs 440 versus Rs 368.05 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Bharat Electronics share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/bharat-electronics-share-price-target-2027-base-and-bull-targets-built-on-fy26.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299594"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299594\/revisions"}],"predecessor-version":[{"id":299595,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299594\/revisions\/299595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299593"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}