HAL and BEL, both in Aerospace & Defense. Monthly data through 2026-10-09. Change the comparison →
Share price change since Jan '19, the first month all 2 have a price: HAL +1210%, BEL +1220%.
Rebased at 2019-01. Monthly closes from each company's history.
Months with a missing value are left as gaps.
The share price return over 3 years, split into net profit growth, share count change and the change in P/E.
HAL: share price rose 155% over 3 years: +78 pts from net profit growth, +78 pts from the P/E change.
BEL: share price rose 176% over 3 years: +124 pts from net profit growth, +53 pts from the P/E change.
Segments are percentage points of the price return: price = P/E × net profit ÷ share count. These are the same numbers each company's own page shows.
Each cell is the company's percentile rank among its own sector peers that month. Darker is higher-ranked. Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Percentiles use today's listed companies in the sector and need at least 5 peers with a value.
| Metric | HAL | BEL |
|---|---|---|
| Share Price | ₹4655.60 | ₹368.15 |
| Market Cap | ₹3.11L cr | ₹2.69L cr |
| P/E | 33.6x | 43.9x |
| P/B | 7.6x | 11.4x |
| P/S | 9.2x | 9.4x |
| ROCE | 32.0% | 37.0% |
| ROE | 22.7% | 25.9% |
| Operating margin | 28.0% | 25.0% |
| Revenue (TTM), indexed to 100 | ₹33785 cr | ₹28596 cr |
| Net Profit (TTM) | ₹9280 cr | ₹6127 cr |
| Debt / Equity | 0.0x | 0.0x |
| Cash Conversion Cycle | 788d | 342d |
| Promoter holding | 71.6% | 51.1% |
| FII Holding | 9.3% | 18.0% |
| DII Holding | 11.9% | 21.0% |
| 12M momentum | -0.5% | -13.6% |
| Drawdown from Peak | -11.6% | -18.0% |
| Cash conversion (3Y) | 1.3x | 0.4x |
| Interest cover | 100.0x | 100.0x |
| Share Count Change (1Y) | 0.0% | 0.0% |
| Volatility (1Y) | 27.8% | 25.7% |
Latest month in the data: 2026-10. Highlight marks the higher value, or the lower value for P/E, P/B, P/S, debt, working-capital days, share count change and volatility. It marks a number, not a better investment.
Comparison is descriptive and historical. Highlights mark the higher or lower value on a metric, not a better investment. Not investment advice; ApnaFunda is not a SEBI-registered research analyst.