Bharat Electronics Ltd
BELBharat Electronics Ltd
BELPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
50.37 | 13.99 | 0.70% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
36.59 | 9.65 | 1.60% |
Forecast & Ratings
Detailed Forecast from 24 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 peersÂHoneywell 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 ₹
All values in ₹
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 | 22,328.90 | ||||||||||
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 | 15,866.83 | ||||||||||
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 | 6,462.07 | ||||||||||
Depreciation/Amortization | 191.96 | 211.63 | 271.72 | 338.13 | 371.86 | 387.32 | 401.13 | 428.82 | 443.20 | 444.87 | ||||||||||
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 | 6,017.20 | ||||||||||
Interest & Other Items | 9.74 | 17.87 | 6.36 | 15.93 | 7.66 | 9.61 | 8.55 | 18.83 | 12.06 | 7.06 | ||||||||||
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 | 6,010.14 | ||||||||||
Taxes & Other Items | 426.58 | 458.99 | 525.31 | 741.94 | 654.55 | 842.84 | 767.37 | 938.49 | 1,281.69 | 1,470.00 | ||||||||||
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 | 4,540.14 | ||||||||||
EPS | 1.69 | 1.99 | 1.95 | 2.58 | 2.49 | 2.87 | 3.28 | 4.08 | 5.45 | 6.21 | ||||||||||
DPS | 0.52 | 0.68 | 0.67 | 1.13 | 0.93 | 1.33 | 1.50 | 1.80 | 2.20 | 2.20 | ||||||||||
Payout ratio | 0.31 | 0.34 | 0.34 | 0.44 | 0.37 | 0.46 | 0.46 | 0.44 | 0.40 | 0.35 |
Company Updates
Annual report
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PDFInvestor Presentation
Annual report
PDFPeers & Comparison
Information TechnologyElectronic Equipments
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bharat Electronics Ltd | 57.39 | 13.99 | 0.70% |
Honeywell Automation India Ltd | 72.04 | 10.02 | 0.24% |
PG Electroplast Ltd | 149.82 | 19.44 | 0.00% |
Zen Technologies Ltd | 129.08 | 35.40 | 0.05% |
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
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
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 1.2084% | Percentage of the fund’s portfolio invested in the stock 5.46% | Change in the portfolio weight of the stock over the last 3 months -0.30% | 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 6/63 (-1) |
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 0.4618% | Percentage of the fund’s portfolio invested in the stock 4.29% | Change in the portfolio weight of the stock over the last 3 months -0.08% | 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 4/96 (0) |
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 0.4060% | Percentage of the fund’s portfolio invested in the stock 1.83% | Change in the portfolio weight of the stock over the last 3 months -0.20% | 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 13/75 (-1) |
Compare 3-month MF holding change on Screener
smallcases
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 0.70%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.03 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
These orders encompass a supplying range of products and services, including laser range finders, communication equipment, vessel communication and support systems, test equipment for guns, spares, services etc. With these orders, BEL has now accumulated orders totaling Rs 8,194 crore in the current financial year,' the company said in a statement. 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 31 September 2024, the Government of India held 51.14% stake in the company. The company reported 35.22% growth in consolidated net profit to Rs 1,450.88 crore on 14.78% rise in net sales to Rs 4,583.41 crore in Q2 FY25 over Q2 FY24. The scrip shed 0.90% to currently trade at Rs 297.50 on the BSE. Powered by Capital Market - Live
Net profit of Bharat Electronics rose 38.40% to Rs 1092.45 crore in the quarter ended September 2024 as against Rs 789.35 crore during the previous quarter ended September 2023. Sales rose 14.86% to Rs 4604.90 crore in the quarter ended September 2024 as against Rs 4009.06 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4604.904009.06 15 OPM %30.4025.30 - PBDT1556.391149.72 35 PBT1445.201041.46 39 NP1092.45789.35 38 Powered by Capital Market - Live
The key equity indices traded with modest gains in morning trade. The Nifty traded above the 24,850 mark. Media shares advanced after declining in the past three consecutive trading sessions. At 10:28 IST, the barometer index, the S&P BSE Sensex rose 265.42 points or 0.33% to 81,315.45. The Nifty 50 index added 87.75 points or 0.35% to 24,883.50. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.90% and the S&P BSE Small-Cap index gained 0.90%. The market breadth was positive. On the BSE, 2,271 shares rose and 1,326 shares fell. A total of 131 shares were unchanged. Buzzing Index: The Nifty Media index gained 1.88% to 2,032.90. The index tumbled 8.16% in past three consecutive trading sessions. Saregama India (up 4.49%), Tips Music (up 3.24%), Nazara Technologies (up 2.56%), PVR Inox (up 1.97%), Hathway Cable & Datacom (up 1.62%), Zee Entertainment Enterprises (up 1.33%), Dish TV India (up 1.08%), TV18 Broadcast (up 0.62%), Sun TV Network (up 0.58%) and Network 18 Media & Investments (up 0.39%) advanced. Stocks in Spotlight: Bharat Electronics advanced 1.65% after the company said that it has bagged orders worth more than Rs 500 crore in the last month. Lemon Tree Hotels rose 0.44%. The company announced that it has signed a license agreement viz Lemon Tree Hotel in Udaipur, Rajasthan. Nuvoco Vistas Corporation added 0.88%. The company said that it has been declared the preferred bidder for three significant limestone blocks located at Nimbol, Tehsil Jaitaran, District Beawar, Rajasthan.Powered by Capital Market - Live
The major orders received include EMI shelters, AMC for integrated air command and control system nodes, upgrade / spares for gun systems, spares for radars, communication system etc. With these orders, BEL has now accumulated orders totaling Rs 7,689 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 fuses 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. The scrip rose 0.22% to currently trade at Rs 267.95 on the BSE. Powered by Capital Market - Live
Bharat Electronics has secured additional orders of more than Rs.500 crore since its last disclosure on 11 September 2024. The major orders received include EMI shelters, AMC for Integrated Air Command and Control system nodes, Upgrade / spares for gun systems, spares for radars, communication system etc. With these orders, BEL has now accumulated orders totaling Rs.7,689 crore in the current financial year.Powered by Capital Market - Live
Bharat Electronics will hold a meeting of the Board of Directors of the Company on 25 October 2024Powered by Capital Market - Live
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.34%, vs industry avg of 9.96%
Decreasing Market Share
Over the last 5 years, market share decreased from 63.5% to 52.62%
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 16.71%