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Compare Bharat Electric with Cummins India - Equitymaster
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BHARAT ELECTRONICS vs CUMMINS INDIA - Comparison Results

BHARAT ELECTRONICS    Change

Bharat Electronics Ltd. (BEL), is a strategic electronics company of the Ministry of Defence. The company specialises in the manufacture of radar systems, communication transmittor-cum-receivers, and studio equipment. It also operates in civilian se... More

CUMMINS INDIA 
   Change

Cummins India Limited (CIL) is a subsidiary of Cummins Inc. US, the world's largest independent diesel engine designer and manufacturer of above 200 HP (horsepower engines. Set up in 1962, CIL is India's leading manufacturer of diesel engines with a ... More

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Current Valuations

    BHARAT ELECTRONICS CUMMINS INDIA BHARAT ELECTRONICS/
CUMMINS INDIA
 
P/E (TTM) x 26.5 33.5 79.0% View Chart
P/BV x 4.6 7.8 59.1% View Chart
Dividend Yield % 9.2 1.6 584.2%  

Financials

 BHARAT ELECTRONICS   CUMMINS INDIA
EQUITY SHARE DATA
    BHARAT ELECTRONICS
Mar-16
CUMMINS INDIA
Mar-16
BHARAT ELECTRONICS/
CUMMINS INDIA
5-Yr Chart
Click to enlarge
High Rs4,0171,247 322.2%   
Low Rs1,009805 125.3%   
Sales per share (Unadj.) Rs307.6170.4 180.5%  
Earnings per share (Unadj.) Rs57.827.1 213.1%  
Cash flow per share (Unadj.) Rs66.130.0 220.0%  
Dividends per share (Unadj.) Rs17.0014.00 121.4%  
Dividend yield (eoy) %0.71.4 49.6%  
Book value per share (Unadj.) Rs374.4114.4 327.3%  
Shares outstanding (eoy) m240.00277.20 86.6%   
Bonus/Rights/Conversions B1:1--  
Price / Sales ratio x8.26.0 135.7%   
Avg P/E ratio x43.537.8 114.9%  
P/CF ratio (eoy) x38.034.1 111.3%  
Price / Book Value ratio x6.79.0 74.8%  
Dividend payout %29.451.6 57.0%   
Avg Mkt Cap Rs m603,120284,407 212.1%   
No. of employees `0009.83.7 268.4%   
Total wages/salary Rs m13,2254,210 314.2%   
Avg. sales/employee Rs Th7,496.712,876.2 58.2%   
Avg. wages/employee Rs Th1,342.91,147.3 117.0%   
Avg. net profit/employee Rs Th1,408.52,049.2 68.7%   
INCOME DATA
Net Sales Rs m73,82747,243 156.3%  
Other income Rs m5,3352,279 234.1%   
Total revenues Rs m79,16249,522 159.9%   
Gross profit Rs m15,3767,604 202.2%  
Depreciation Rs m1,996810 246.4%   
Interest Rs m629 717.4%   
Profit before tax Rs m18,6549,064 205.8%   
Minority Interest Rs m60-   
Prior Period Items Rs m330-   
Extraordinary Inc (Exp) Rs m-1100-   
Tax Rs m4,7121,546 304.9%   
Profit after tax Rs m13,8717,519 184.5%  
Gross profit margin %20.816.1 129.4%  
Effective tax rate %25.317.1 148.1%   
Net profit margin %18.815.9 118.1%  
BALANCE SHEET DATA
Current assets Rs m160,52722,868 702.0%   
Current liabilities Rs m88,39511,773 750.9%   
Net working cap to sales %97.723.5 416.0%  
Current ratio x1.81.9 93.5%  
Inventory Days Days20846 449.1%  
Debtors Days Days18573 251.8%  
Net fixed assets Rs m14,56618,086 80.5%   
Share capital Rs m2,400554 432.9%   
"Free" reserves Rs m86,93231,159 279.0%   
Net worth Rs m89,86131,713 283.4%   
Long term debt Rs m1,7710-   
Total assets Rs m185,24545,768 404.7%  
Interest coverage x303.31,055.0 28.8%   
Debt to equity ratio x00-  
Sales to assets ratio x0.41.0 38.6%   
Return on assets %7.516.4 45.7%  
Return on equity %15.423.7 65.1%  
Return on capital %20.328.6 71.1%  
Exports to sales %7.635.3 21.4%   
Imports to sales %010.2 0.0%   
Exports (fob) Rs m5,58716,694 33.5%   
Imports (cif) Rs mNA4,842 0.0%   
Fx inflow Rs m5,58717,136 32.6%   
Fx outflow Rs m22,7936,285 362.7%   
Net fx Rs m-17,20610,851 -158.6%   
CASH FLOW
From Operations Rs m22,5736,556 344.3%  
From Investments Rs m-14,241-1,780 800.3%  
From Financial Activity Rs m-3,197-4,679 68.3%  
Net Cashflow Rs m5,13597 5,310.5%  

Share Holding

Indian Promoters % 75.0 0.0 -  
Foreign collaborators % 0.0 51.0 -  
Indian inst/Mut Fund % 17.8 18.1 98.2%  
FIIs % 1.9 18.0 10.6%  
ADR/GDR % 0.0 0.0 -  
Free float % 5.4 12.9 41.9%  
Shareholders   25,439 41,179 61.8%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare BHARAT ELECTRONICS With:   EIMCO ELECON  PATELS AIRTEMP  PHOENIX LAMPS  WALCHANDNAGAR  HAVELLS IND  

Compare BHARAT ELECTRONICS With:   DONGFANG ELEC. (China)  SHANGHAI ELEC. (China)  ANSALDO STS (Italy)  ABB (Switz.)  



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