Dividend Stock: Big news is coming regarding the government company Bharat Electronics Ltd(NSE: BEL). The company can give dividends for the 42nd time.
This company set the record date for this particular dividend. The price of one share of the company was 2.33 percent higher at Rs 215.40 on Thursday.
What Day Is The Record Date?
In the information given to the stock markets on Thursday i.e. March 7, 2024, the company has informed that the board meeting will be held on March 15, 2024.
On this day the board members of the company will decide on the second interim dividend.
If the board agrees, then the company will consider March 23, 2024, Saturday, as the record date for the dividend.
That means on this day the company will look for the record date for dividend.
The Company Has Given Bonus Shares 3 Times
Bharat Electronics Limited last traded ex-dividend on February 9, 2024. Then the company had given a dividend of Rs 0.70 on one share.
The company has distributed bonus shares in 2015, 2017 and 2022. In 2022, the company had given 2 bonus shares for 1 share to eligible investors.
Let us tell you, the company gave dividends for the first time in 2001. Then the company gave a dividend of Rs 4 on 1 share.
How Is The Stock Market Performing?
Over the last six months, the share prices of the company have increased by 53%.
At the same time, investors who have been holding the stock for one year have made a profit of 123 percent so far.
Let us tell you, in the last one month the share price of Bharat Electronics Limited has increased by 18.4 percent.
About Bharat Electronics Limited (BEL)
BEL produces electronic products to support the Army, Air Force & Navy. In 1954, in the newly independent India, there was a need for absolute to create an indigenous industry.
The idea of an independent India led to the creation of various Public Sector Enterprises and has made significant strides.
Since its inception thanks to the visionary perspective of its founders the perseverance of its staff, and the trust and support of its customers, and BEL’s Government of India.
The Government’s call to “Make in India” resonates with the work BEL has been able to achieve for the past six decades.
BEL was founded to fulfill the highly specialized electronic equipment needs that are required by the Indian Defence Services.
While this is still to be the main goal, however, the Company is present in the civilian sector, as well. BEL exports certain of its products and services to various nations as well.
Fundamental Analysis of Bharat Electronics Limited
| Market Cap | ₹ 1,57,306 Cr. |
| Current Price | ₹ 215.40 |
| 52-wk High | ₹ 217 |
| 52-wk Low | 89.6 |
| Stock P/E | 44.1 |
| Book Value | ₹ 20.3 |
| Dividend | 0.84 % |
| ROCE | 29.9 % |
| ROE | 22.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 10.6 |
| OPM | 25.2 % |
| EPS | ₹ 4.88 |
| Debt | ₹ 61.4 Cr. |
| Debt to Equity | 0.00 |
Bharat Electronics Limited Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹200 | ₹221 |
| 2025 | ₹224 | ₹245 |
| 2026 | ₹265 | ₹300 |
| 2027 | ₹305 | ₹324 |
| 2028 | ₹362 | ₹400 |
| 2029 | ₹405 | ₹422 |
| 2030 | ₹432 | ₹460 |
Bharat Electronics Limited Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 51.14% |
| Mar 2023 | 51.14% |
| June 2023 | 51.14% |
| Sept 2023 | 51.14% |
| Dec 2023 | 51.14% |
| FII Holding | |
| Dec 2022 | 17.34% |
| Mar 2023 | 16.42% |
| June 2023 | 17.35% |
| Sept 2023 | 17.19% |
| Dec 2023 | 17.77% |
| DII Holding | |
| Dec 2022 | 25.04% |
| Mar 2023 | 25.50% |
| June 2023 | 24.84% |
| Sept 2023 | 24.19% |
| Dec 2023 | 23.37% |
| Public Holding | |
| Dec 2022 | 6.47% |
| Mar 2023 | 6.95% |
| June 2023 | 6.68% |
| Sept 2023 | 7.49% |
| Dec 2023 | 7.72% |
Bharat Electronics Limited Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹12,164 Cr |
| 2020 | ₹12,968 Cr |
| 2021 | ₹14,109 Cr |
| 2022 | ₹15,368 Cr |
| 2023 | ₹18,183 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹1,887Cr |
| 2020 | ₹1,825Cr |
| 2021 | ₹2,100 Cr |
| 2022 | ₹2,400Cr |
| 2023 | ₹3,571 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 18% |
| Current Year: | 29% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 19% |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Last Year: | 23% |
Sales Growth Over 10 Years:
| 10 Years: | 11% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 3% |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Conclusion
This article is a complete guide about Bharat Electronics Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
