Bharat Electronics Ltd
BELBharat Electronics Ltd
BEL


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
38.82 | 11.85 | 0.83% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
33.58 | 8.85 | 1.75% |
Forecast & Ratings
Detailed Forecast from 23 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.
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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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 | 23,956.39 | ||||||||||
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 | 16,878.37 | ||||||||||
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 | 7,078.02 | ||||||||||
Depreciation/Amortization | 191.96 | 211.63 | 271.72 | 338.13 | 371.86 | 387.32 | 401.13 | 428.82 | 443.20 | 448.34 | ||||||||||
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 | 6,629.68 | ||||||||||
Interest & Other Items | 9.74 | 17.87 | 6.36 | 15.93 | 7.66 | 9.61 | 8.55 | 18.83 | 12.06 | 7.87 | ||||||||||
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 | 6,621.81 | ||||||||||
Taxes & Other Items | 426.58 | 458.99 | 525.31 | 741.94 | 654.55 | 842.84 | 767.37 | 938.49 | 1,281.69 | 1,630.30 | ||||||||||
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 | 4,991.51 | ||||||||||
EPS | 1.69 | 1.99 | 1.95 | 2.58 | 2.49 | 2.87 | 3.28 | 4.08 | 5.45 | 6.83 | ||||||||||
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 | 0.32 |
Company Updates
Annual report
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PDFPeers & Comparison
Information TechnologyElectronic Equipments
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bharat Electronics Ltd | 48.62 | 11.85 | 0.83% |
Honeywell Automation India Ltd | 64.04 | 8.90 | 0.28% |
PG Electroplast Ltd | 169.14 | 21.95 | 0.02% |
Zen Technologies Ltd | 104.18 | 28.57 | 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
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
Mar 2024
Jun 2024
Sep 2024
Dec 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) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 1.4652% | Percentage of the fund’s portfolio invested in the stock 5.78% | Change in the portfolio weight of the stock over the last 3 months -0.05% | 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 2/63 (0) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.4922% | Percentage of the fund’s portfolio invested in the stock 1.94% | Change in the portfolio weight of the stock over the last 3 months 0.01% | 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 10/72 (+1) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.4880% | Percentage of the fund’s portfolio invested in the stock 20.83% | Change in the portfolio weight of the stock over the last 3 months -0.35% | 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 1/23 (0) |
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Events
Dividend Trend
Increasing Dividends
BEL has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 0.83%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.30 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 announced the cessation of Shyama Singh, (DIN:09495164), Non-official Director (Independent Director) of the company with effect from 07 February 2025. Powered by Capital Market - Live
Profit before tax stood at Rs 1,754.15 crore in the third quarter of FY24, registering a growth of 49.64% on YoY basis. Total expenses grew 31.98% YoY to Rs 4,207.05 crore in the December 2024 quarter. Cost of materials consumed stood at Rs 3,191.02 crore (up 46.07%) while employee benefits expenses were at Rs 665.32 crore (up 7.38% YoY) during the period under review. During Q3 FY24-25, BEL achieved a turnover of Rs 5,643.25 crore as against Rs 4,120.10 crore recorded in the corresponding period of the previous year. The order book position of the company as of 1 January 2025 stood at Rs 71,100 crore. 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 of September 31, 2024, the Government of India held a 51.14% stake in the company.Powered by Capital Market - Live
Net profit of Bharat Electronics rose 52.51% to Rs 1310.95 crore in the quarter ended December 2024 as against Rs 859.58 crore during the previous quarter ended December 2023. Sales rose 38.65% to Rs 5770.69 crore in the quarter ended December 2024 as against Rs 4162.16 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales5770.694162.16 39 OPM %28.9325.77 - PBDT1854.551239.41 50 PBT1743.621131.95 54 NP1310.95859.58 53 Powered by Capital Market - Live
Bharat Electronics (BEL) has secured additional orders worth Rs.531 crore. Major orders include advanced composite communication system for ship, communication equipment, medical electronics, electro optics, active radar homing head for missiles, class room jammers, spares, services etc. With these orders, BEL has now accumulated orders totalling Rs. 10,893 crore in the current financial year.Powered by Capital Market - Live
Bharat Electronics announced the cessation of Gokulan B, Non-official Director (Independent Director) (DIN: 09473378) of the company with effect from 20 January 2025. Powered by Capital Market - Live
In a regulatory filing made after market hours on Monday, the company stated that major orders received include contract for supply of communication equipment, electro optics, upgrades for satcom network, radar & fire control system, spares, services etc. With these orders, BEL has now accumulated orders totalling Rs 10,362 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. Powered by Capital Market - Live
Securities in F&O Ban: Aarti Industries, Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance and RBL Bank shares were banned from trading in F&O on 14 January 2025. Earnings Today: HDFC Asset Management Company, Hathway Cable & Datacom, Network18 Media & Investments, Shoppers Stop, SRM Energy, Atishay, and Benares Hotels will announce their quarterly earnings later today. Stocks to Watch: HCL Technologies' consolidated net profit jumped 8.41% to Rs 4591 crore on 3.56% increase in net sales to Rs 29,890 crore in Q3 FY25 over Q2 FY25. Anand Rathi Wealth's consolidated net profit jumped 33.2% to Rs 77.02 crore on 30.4% surge in total income to Rs 244.21 crore in Q3 FY25 over Q3 FY24. Himadari Specialty Chemical's consolidated net profit increased 30.5% to Rs 142.06 crore in Q3 FY25 as compared with Rs 108.82 crore in Q3 FY24. Net sales rose 8.4% YoY to Rs 1,140.66 crore during the quarter. Angel One reported 8.1% increase in consolidated net profit to Rs 281.47 crore in Q3 FY25 as compared with Rs 260.31 crore in Q3 FY24. Total income jumped 19.1% YoY to Rs 1,263.80 crore during the quarter. Bharat Electronics has received work order totaling Rs 561 crore with major orders including communication equipment, electro-optics, upgrades for the satcom network, radar and fire control systems, spares, services, and more. JSW Energy has received a letter of intent for the 3.6 GW KSK Mahanadi thermal power plant and approval for its resolution plan for KSK Mahanadi power. Zee Media Corporation's board approved for exploring available options for raising of funds through all permitted instruments, including but not limited to, by way of issuance of equity shares/ convertible bonds/ debentures/ warrants/ preference shares/ foreign currency convertible bond (FCCB) / any other equity linked securities and/ or any other securities including through preferential issue on a private placement basis, qualified institutional placement or any other methods or combinations thereof, listed or unlisted, for an amount not exceeding Rs. 400 crores, in one or more tranches. Meanwhile, the company's board also approved to increase the shareholding limits for Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors ('FIls') from 24% to 49% of the paid-up share capital of the company. United Spirits' board has appointed Praveen Someshwar as chief executive officer (CEO) who will closely work with Hina Nagarajan up to 31st March 2025. Further, with effect from 1st April 2025, Praveen Someshwar will assume office as the new managing director & chief executive officer (MD& CEO) of the company. Meanwhile, Hina Nagarajan has tender her resignation as director, managing director (MD) and chief executive officer (CEO) with effective from 31 March 2025.Powered by Capital Market - Live
Bharat Electronics has secured additional orders worth Rs 561 crore since the last disclosure on 23 December 2024. Major orders include communication equipment, electro optics, upgrades for satcom network, radar & fire control system, spares, services etc. With these orders, BEL has now accumulated orders totalling Rs. 10,362 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 30 January 2025.Powered by Capital Market - Live
Bharat Electronics announced the cessation of the following independent directors with effect from 28 December 2024: 1. Dr. Parthasarathi P V (DIN: 06400408 ) 2. Mansukhbhai Shamjibhai Khachariya (DIN: 01423119) 3. Dr. Santhoshkumar N (DIN: 09451052) 4. Prafulla Kumar Choudhury (DIN: 00871919) 5. Dr. Shiv Nath Yadav (DIN: 09450917) 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 9.94%
Decreasing Market Share
Over the last 5 years, market share decreased from 63.35% to 52.56%
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 16.74%