A reputed brokerage house advised investment in the stock of Bharat Electronics(NSE: BEL) in its research report on 7th February.
Another piece of news has come regarding the stock. Indian Air Force has signed an agreement with the company regarding sets of communication.
According to the agreement, these sets will be light and can be lifted from one place to another by a soldier.
These sets will be based on SDR technology i.e. Software Design Radio technology.
This agreement will help the company to further strengthen its position in the indigenous defense equipment sector.
What Is The Report Regarding The Stock?
Expert has advised to invest in Bharat Electronics with a target of Rs 218. The Stock is currently trading at 177.65.
This means that even from these levels the stock can see a rise of more than 21 percent.
It has been said in the report that the company’s results have been weaker than expectations.
It was said in the report that the lower-than-expected income was seen due to a lack of completion of the project and a part of the income being shifted to the next quarter.
Despite a weaker-than-expected quarter, the company remains within its revenue guidance for the current financial year.
On January 1 the order book of the company was recalculated to Rs 76217 crore. The stock has increased by 31 percent in the last 3 months and more than 88 percent in a year.
How Were The Company’s Results?
According to the results released about two weeks ago, the company’s profit has increased by 40 percent to Rs 859.6 crore as compared to last year.
Which was Rs 613 crore a year ago. There has been limited change in the income and the income has reached Rs 4162 crore as compared to Rs 4153 crore last year.
The EBITDA of the company has increased by 24 percent to Rs 1072 crore and the margin has been 26 percent.
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 | ₹ 1,29,822 Cr. |
| Current Price | ₹ 178 |
| 52-wk High | ₹ 196 |
| 52-wk Low | 89.6 |
| Stock P/E | 37.0 |
| Book Value | ₹ 20.3 |
| Dividend | 1.00 % |
| ROCE | 29.9 % |
| ROE | 22.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 8.91 |
| 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.
