A Study on Financial Statement Analysis through Comparative and Common Size Analysis of Bharat Electronics Limited (BEL)

Authors

  • Dr. K Prudhvi Raj Assistant Professor, Department of Business and Management Studies, SRGEC, Gudlavalleru
  • S. Thanuja MBA (Final), Department of Business and Management Studies, SRGEC, Gudlavalleru

DOI:

https://doi.org/10.53573/rhimrj.2025.v12n3.001

Keywords:

Financial Statement Analysis, profitability, liquidity, solvency

Abstract

This study explores the financial performance of Bharat Electronics Limited (BEL), a leading Indian public sector undertaking specializing in defence and non-defence electronics. Utilizing comparative and common size analysis, the research assesses BEL's profitability, liquidity, solvency, and overall financial health. The study relies on qualitative insights derived from BEL's operational strategies and sectoral contributions. Findings highlight strategic diversification and a commitment to innovation. Recommendations focus on enhancing R&D, optimizing the supply chain, and strengthening strategic partnerships.

References

Bharat Electronics Limited. Annual Reports (2019–2024). Retrieved from https://www.bel-india.in

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Pandey, I.M. Financial Management. Vikas Publishing House.

India Brand Equity Foundation (IBEF). Defence Manufacturing in India. Retrieved from https://www.ibef.org

Press Information Bureau (PIB), Government of India. Updates on Defence Production and Indigenization Initiatives.

Ernst & Young (EY). Make in India: The Next Leap – Defence Sector Report.

Deloitte India. Unlocking the Potential of Defence Manufacturing.

NITI Aayog. Reports on Innovation, R&D, and Strategic Industries in India.

Securities and Exchange Board of India (SEBI). Corporate Filings and Financial Disclosures of BEL.

World Bank. Reports on Indian Economic Outlook and Industrial Sector Performance.

Business Standard & The Economic Times. News Articles on BEL’s Strategic Developments and Sectoral Expansion.

Harvard Business Review. Strategies in Diversification and R&D Investment.

Kotler, P., Keller, K.L. Marketing Management (for strategic expansion and branding concepts). Pearson Education.

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www.investopedia.com – Financial Concepts and Analysis

www.bseindia.com – Stock Exchange Information

www.nseindia.com – National Stock Exchange Data

Downloads

Published

2025-03-31

How to Cite

Prudhvi Raj , K., & Thanuja, S. (2025). A Study on Financial Statement Analysis through Comparative and Common Size Analysis of Bharat Electronics Limited (BEL). RESEARCH HUB International Multidisciplinary Research Journal, 12(3), 01–11. https://doi.org/10.53573/rhimrj.2025.v12n3.001