Bharat Electronics Limited vs Honeywell Automation India Limited
An objective side-by-side of BEL and HONAUT, both in Electronics - Components: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: BEL Jun 2026 · HONAUT Jun 2026
At a glance
- Bharat Electronics Limited is the larger company by market value, about 9.5 times the size of Honeywell Automation India Limited.
- On trailing earnings, Bharat Electronics Limited trades at the lower P/E (47.4 against 51.0).
- Bharat Electronics Limited earns the higher return on equity (25.6% against 13.5%).
- Over three years Bharat Electronics Limited has grown profits faster (27% a year against 7%).
- Over the past year the share prices returned +0.0% (BEL) and -5.8% (HONAUT).
| Metric | Bharat Electronics BEL |
Honeywell Automation HONAUT |
|---|---|---|
| Size and price | ||
| Market cap | ₹291,295 Cr | ₹30,687 Cr |
| Share price | ₹398.50 | ₹34,685 |
| Valuation | ||
| P/E | 47.36 | 50.98 |
| P/B | 12.14 | 6.88 |
| EV/EBITDA | 35.60 | 42.96 |
| PEG | 1.75 | 7.28 |
| Dividend yield | 0.6% | 0.3% |
| Profitability | ||
| ROE | 25.6% | 13.5% |
| ROCE | 37.0% | 17.0% |
| Operating margin | 28.6% | 15.9% |
| Sales (TTM) | ₹28,643 Cr | ₹4,513 Cr |
| Net profit (TTM) | ₹6,151 Cr | ₹602 Cr |
| Growth | ||
| Latest quarter sales YoY | +25.3% | +19.2% |
| Latest quarter profit YoY | +8.2% | +4.5% |
| Sales CAGR 3Y | +16.0% | +11.0% |
| Profit CAGR 3Y | +27.0% | +7.0% |
| Sales CAGR 5Y | +14.0% | +9.0% |
| Profit CAGR 5Y | +24.0% | +3.0% |
| Financial strength | ||
| Debt/Equity | 0.00 | 0.02 |
| Interest cover | 1,053.81 | 96.04 |
| Ownership | ||
| Promoter holding | 51.1% | 75.0% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -2.66% | -5.53% |
| Return 3M | -7.65% | -9.57% |
| Return 1Y | +0.01% | -5.79% |
| Return YTD | -0.28% | +5.73% |
| Technical condition | ||
| Technical score | 21 | 35 |
| RS rating (1-99) | 45.00 | 51.00 |
| % vs 200-DMA | -4.72% | +2.63% |
| RSI (14) | 46.66 | 43.16 |
| % from 52-week high | -15.83% | -16.41% |
