Bharat Electronics Ltd
BELBharat Electronics Ltd
BEL
Price Chart
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 47.05 | 12.20 | 0.81% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 35.31 | 9.31 | 1.64% |
Forecast & Ratings
Detailed Forecast from 22 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Bharat Electronics Limited is engaged in design, manufacture and supply of electronics products/systems for defense as well as for nondefense markets. The Company's principal products include weapon systems, radar and fire control systems etc.
Peers
Compare with peersHoneywell Automation India Ltd
PG Electroplast Ltd
Zen Technologies Ltd
Genus Power Infrastructures Ltd
Syrma SGS Technology Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7,926.41 | 9,076.50 | 10,596.53 | 12,237.16 | 13,067.07 | 14,233.65 | 15,599.72 | 18,015.24 | 20,938.38 | 21,712.36 | ||||||||||
Raw Materials | 4,019.30 | 4,800.41 | 5,070.74 | 6,037.64 | 6,820.23 | 7,911.37 | 9,146.85 | 10,220.84 | 11,138.04 | 15,656.77 | ||||||||||
| Power & Fuel Cost | 45.85 | 37.99 | 37.78 | 43.88 | 41.60 | 38.12 | 43.13 | 46.81 | 57.21 | |||||||||||
| Employee Cost | 1,267.21 | 1,559.87 | 1,788.07 | 1,895.63 | 2,075.09 | 1,956.16 | 2,128.01 | 2,317.34 | 2,489.49 | |||||||||||
| Selling & Administrative Expenses | 196.28 | 214.95 | 253.59 | 290.54 | 263.08 | 326.69 | 215.55 | 278.86 | 333.95 | |||||||||||
| Operating & Other expenses | 432.10 | 251.21 | 1,211.24 | 987.07 | 1,009.15 | 662.60 | 490.26 | 780.83 | 1,198.22 | |||||||||||
EBITDA | 1,965.67 | 2,212.07 | 2,235.11 | 2,982.40 | 2,857.92 | 3,338.71 | 3,575.92 | 4,370.56 | 5,721.47 | 6,055.59 | ||||||||||
| Depreciation/Amortization | 191.96 | 211.63 | 271.72 | 338.13 | 371.86 | 387.32 | 401.13 | 428.82 | 443.20 | 441.94 | ||||||||||
| PBIT | 1,773.71 | 2,000.44 | 1,963.39 | 2,644.27 | 2,486.06 | 2,951.39 | 3,174.79 | 3,941.74 | 5,278.27 | 5,613.65 | ||||||||||
| Interest & Other Items | 9.74 | 17.87 | 6.36 | 15.93 | 7.66 | 9.61 | 8.55 | 18.83 | 12.06 | 7.25 | ||||||||||
| PBT | 1,763.97 | 1,982.57 | 1,957.03 | 2,628.34 | 2,478.40 | 2,941.78 | 3,166.24 | 3,922.91 | 5,266.21 | 5,606.40 | ||||||||||
| Taxes & Other Items | 426.58 | 458.99 | 525.31 | 741.94 | 654.55 | 842.84 | 767.37 | 938.49 | 1,281.69 | 1,369.36 | ||||||||||
| Net Income | 1,337.39 | 1,523.58 | 1,431.72 | 1,886.40 | 1,823.85 | 2,098.94 | 2,398.87 | 2,984.42 | 3,984.52 | 4,237.04 | ||||||||||
| EPS | 1.69 | 1.99 | 1.95 | 2.58 | 2.49 | 2.87 | 3.28 | 4.08 | 5.45 | 5.80 | ||||||||||
| DPS | 0.52 | 0.68 | 0.67 | 1.13 | 0.93 | 1.33 | 1.50 | 1.80 | 2.20 | 2.00 | ||||||||||
| Payout ratio | 0.31 | 0.34 | 0.34 | 0.44 | 0.37 | 0.46 | 0.46 | 0.44 | 0.40 | 0.35 |
Company Updates
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Annual report
PDFPeers & Comparison
Information TechnologyElectronic Equipments
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Bharat Electronics Ltd | 50.03 | 12.20 | 0.81% |
| Honeywell Automation India Ltd | 87.50 | 12.17 | 0.20% |
| PG Electroplast Ltd | 119.75 | 15.54 | 0.00% |
| Zen Technologies Ltd | 118.09 | 32.39 | 0.06% |
Price Comparison
Compare BEL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 2.20%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 1.98%
Top 5 Mutual Funds holding Bharat Electronics Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Kotak Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4408% | Percentage of the fund’s portfolio invested in the stock 5.54% | Change in the portfolio weight of the stock over the last 3 months -0.33% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/62 (0) |
Canara Robeco Emerging Equities - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5286% | Percentage of the fund’s portfolio invested in the stock 4.36% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/85 (-1) |
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4717% | Percentage of the fund’s portfolio invested in the stock 1.90% | Change in the portfolio weight of the stock over the last 3 months -1.23% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 20/71 (-15) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Increasing Dividends
BEL has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 0.78%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.78 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 14, 2024
Dividend/Share
₹0.80
Ex DateEx Date
Aug 14, 2024
Cash Dividend
Ex DateEx DateMar 22, 2024
Dividend/Share
₹0.70
Ex DateEx Date
Mar 22, 2024
Cash Dividend
Ex DateEx DateFeb 9, 2024
Dividend/Share
₹0.70
Ex DateEx Date
Feb 9, 2024
Cash Dividend
Ex DateEx DateAug 17, 2023
Dividend/Share
₹0.60
Ex DateEx Date
Aug 17, 2023
Cash Dividend
Ex DateEx DateMar 24, 2023
Dividend/Share
₹0.60
Ex DateEx Date
Mar 24, 2023
Bharat Electronics (BEL) has secured an order worth Rs. 850 crore from Cochin Shipyard (CSL) for the supply of indigenous Multi Function Radar in X Band. This fully indigenous radar designed by DRDO and manufactured by BEL is capable of detecting, acquiring and tracking airborne targets to provide protection to naval ships. Additionally, BEL has secured orders valued at Rs. 305 crore following the last disclosure on 22 August 2024, which include navigational complex system for ships, thermal imagers,communication equipment, fire control system, gun control system, spares, services, etc. With these orders, BEL has now accumulated orders totaling Rs.7,075 crore in the current financial year.Powered by Capital Market - Live
The order from Cochin Shipyard consists of supply of indigenous multi function radar in X band. This fully indigenous radar designed by DRDO and manufactured by BEL is capable of detecting, acquiring and tracking airborne targets to provide protection to naval ships. Additionally, the company has secured orders valued at Rs 305 crore following the last disclosure on 22 August 2024, which include navigational complex system for ships, thermal imagers, communication equipment, fire control system, gun control system, spares, services, etc. With these orders, the company has now accumulated orders totaling Rs 7,075 crore in the current financial year. Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gun/weapon system upgrades, and electronic fuzes in the defence segment. As on 30 June 2024, the Government of India held 51.14% stake in the company. The company reported 46.9% growth in consolidated net profit to Rs 791 crore in Q1 FY25 as against Rs 538.48 crore in Q1 FY24. Revenue from operations jumped 20.1% year on year (YoY) to Rs 4243.57 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live
Bharat Electronics announced the appointment of Seema Yadav as General Manager (Quality/CO) with effect from 01 September 2024. Powered by Capital Market - Live
Bharat Electronics (BEL) has secured orders worth Rs 695 crore for Combat Management System, Communication equipment, Stabilized Optronic Pedestal, Upgrades, Spares, Services etc. With these, BEL has now accumulated orders totalling Rs.5920 crore in the current financial year. Powered by Capital Market - Live
Bharat Electronics announced that the Annual General Meeting (AGM) of the company will be held on 28 August 2024.Powered by Capital Market - Live
PSU stocks: Retail rebels rule as FIIs, MFs retreat in June quarter
Bharat Electronics shares slip 7% from record high levels; here’s what analysts say
Revenue from operations grew by 9.62% year on year (YoY) to Rs 5,484.92 crore in the quarter ended 30 June 2024. The firm reported a pre-tax loss of Rs 278.99 crore in the June quarter as compared with a pre-tax loss of Rs 276.16 crore reported in Q1 FY24. Total expenses increased 8.60% YoY to Rs 5,874.98 crore in June 2024 quarter. Cost of materials consumed stood at Rs 3,725.08 crore (up 9.43%) while employee benefits expenses were at Rs 1,434.86 crore (up 1.04% YoY) during the period under review. On the segmental front, revenue from power business stood at Rs 4,128.10 crore (up 4.23% YoY) and revenue from industry stood at Rs 1,356.82 crore (down 30.10% YoY) during the period under review. Navratna PSU BEL is a multi-product, multi-technology, multi-Unit conglomerate which designs, manufactures and supplies products and systems in a wide variety of fields including radars, missile systems, military communications, naval systems, electronic warfare & avionics, C4I systems, electro optics, tank electronics & gun/weapon system upgrades, and electronic fuzes in the defence segment. As on 30 June 2024, the Government of India held 51.14% stake in the company.Powered by Capital Market - Live
Trent and BEL could join Nifty in September rejig; LTIM, Divi’s Likely to exit
Broker’s call: Bharat Electronics (Buy)
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.34%, vs industry avg of 9.99%
Decreasing Market Share
Over the last 5 years, market share decreased from 63.71% to 53.1%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 16.13%, vs industry avg of 16.72%