Bharat Electronics (NSE: BEL) share: The Defense Ministry of the Central Government has signed a big deal with Bharat Electronics Limited (BEL) of Hyderabad.
Under this deal, 11 Shakti Electronic Warfare Systems along with related equipment/accessories are being procured for the Indian Navy. The total value of the contract is 2269.54 crore.
According to the official statement, the Shakti Combat System, used for national security in the battlefield through electronic means, has been indigenously designed, developed, and manufactured.
Shakti Electronic Warfare System is capable of intercepting electronic emissions with precision and conducting adversary activities in dense electromagnetic environments.
Shakti Electronic warfare systems will be used on warships belonging to the Indian Navy.
This project will create an employment figure of 2.5 lakh man-days over a time of four years through cooperation that includes more than 150 industrial partners.
This includes Micro, Small and Medium Enterprises.
Company’s Share Condition:
On Wednesday, the third trading day of the week, the share price of Bharat Electronics Limited was Rs 182.
In January 2024, the share price went up to Rs 196.25. This is the 52-week peak of the share. In the previous year, during March, the share price was 89.68.
This is the stock’s 52-week low. The market cap of the company is Rs 1,31,539 crore.
Condition Of The Stock Market
Meanwhile, the market was bullish on Tuesday. BSE’s 30-share index Sensex closed at 71,555.19 points, rising by 482.70 points or 0.68 percent.
During trading full of ups and downs, the Sensex reached a high of 71,662.74 points and a low of 70,924.30 points.
National Stock Exchange (NSE) index Nifty increased to 127.20 points (or 0.59 percent, and ended at 21,743.25 points.
About Bharat Electronics Limited Company
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 | ₹ 1,29,091 Cr. |
| Current Price | ₹ 179.85 |
| 52-wk High | ₹ 196 |
| 52-wk Low | 89.6 |
| Stock P/E | 36.81 |
| Book Value | ₹ 20.3 |
| Dividend | 1.00 % |
| ROCE | 29.9 % |
| ROE | 22.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 8.71 |
| OPM | 25.2 % |
| EPS | ₹ 4.88 |
| Debt | ₹ 61.4 Cr. |
| Debt to Equity | 0.00 |
Bharat Electronics Limited (BEL) 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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