Macquarie maintains INR 550.00 target for Bharat Electronics stock

Published on 10/14/2026 at 08:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter revenue reached INR 55.47 billion in fiscal 2027. Bharat Electronics stock costs INR 381.55 on October 14, 2026, up 0.41 percent on NSE.

Macquarie target and revenue growth

On October 14, 2026, Macquarie maintained an INR 550.00 target for Bharat Electronics.
First-quarter fiscal 2027 revenue reached INR 55.47 billion, up 25.00 percent year over year.
Bharat Electronics stock costs INR 381.55 at 11:54 a.m. IST on October 14, 2026, up 0.41 percent versus the NSE close of October 13, 2026.
The stock trades at a P/E ratio of 45.42, with market capitalization of INR 2.8 trillion.

BEL, INE263A01024, Illustration mit AI erstellt.

Bharat Electronics (ISIN INE263A01024) has an INR 550.00 12-month target from Macquarie, which maintained its Outperform rating on October 14, 2026. The target lies 44.14 percent above the NSE price of INR 381.55. Bharat Electronics stock was trading at INR 381.55 on October 14, 2026 at 11:54 a.m. IST, up 0.41 percent versus the NSE close of October 13, 2026 at INR 380.00.

Revenue reaches INR 55.47 billion

First-quarter fiscal 2027 revenue reached INR 55.47 billion, up 25.00 percent from the year-earlier period. CNBC TV18 reported that standalone net profit rose 8.80 percent year over year to INR 10.54 billion, while earnings before interest, taxes, depreciation and amortization increased 12.10 percent to INR 13.89 billion.

The margin picture was less supportive: the first-quarter operating margin fell to 25.10 percent from 28.10 percent a year earlier. The same report said the order book stood at INR 72.26 billion as of July 1, 2026, giving the revenue increase a substantial contracted-demand base.

Stock sits 19.41 percent below high

The NSE quote stood 5.84 percent above the 52-week low of INR 360.50 and 19.41 percent below the 52-week high of INR 473.45 on October 14, 2026. Trading volume was 3,672,446 shares against an average volume of 10,826,177 shares.

That placement leaves the analyst target as the more demanding benchmark. Macquarie's INR 550.00 target is 44.14 percent above the current NSE price, while the share price remains within the quoted annual range.

Valuation and reporting date

Bharat Electronics had a market capitalization of INR 2.8 trillion and a P/E ratio of 45.42 on October 14, 2026. Its trailing dividend yield was 0.01 percent, so the valuation remains driven primarily by expected earnings and order execution rather than cash income.

Business Today reported on October 14, 2026 that Macquarie also cited INR 5.30 billion in new orders since September 17, 2026. The order flow and the 25.00 percent revenue increase provide the operating measures behind the target, while the 45.42 P/E ratio sets a high valuation hurdle.

Comparison with peers

Bharat Electronics (NSE, INR): plus 0.41 percent, P/E 45.42, market capitalization INR 2.8 trillion

Hindustan Aeronautics (NSE, INR): plus 0.85 percent, P/E 35.26, market capitalization INR 3.3 trillion

Bharat Dynamics (NSE, INR): plus 0.19 percent, P/E 79.38, market capitalization INR 413.5 billion

Trading level and investor frame

The share price is closer to its 52-week low than its 52-week high, while the latest quarterly figures show faster revenue growth alongside a lower operating margin. The next valuation test is whether future order execution can support the earnings multiple.