Orders Worth Rs 76000 Crores; Defence Share; Company Achieved 19,700 Crore Provision Turnover
BEL Share: Today, in this post we’ll discuss about BEL latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
Shares of Bharat Electronics Ltd (NSE: BEL)– BEL reached a new high of Rs 220.50 on BSE on Wednesday.
The company said it has achieved a provision turnover of about Rs 19,700 crore during the financial year 2023-24 (FY24), registering a year-on-year (YoY) growth of 13.65 percent.
State-owned aerospace and defence reported a turnover of Rs 17,333 crore in FY23.
The Company Has Orders Worth Rs 76,000 Crore
The stock has surpassed the previous high of Rs 216.70 that was reached on the 7th of March.
The average trading volume of the counter almost doubled. In contrast with it was the S&P BSE Sensex was down 0.15 percent at 73,903.
The total BEL order books as of 1 April 2024, is approximately Rs 7,66,000 crore. In the financial year 2023-24, BEL received orders worth about Rs 35,000 crore.
What Is The Brokerage’s Opinion?
Analysts believe that a strong order backlog, strong order pipeline, diversification into other sectors (hydrogen fuel cells, EV batteries, etc.), focus on non-defense segments and increase export revenues.
Revenue growth will continue further. The brokerage firm remains positive on BEL. It expects revenue and PAT CAGR of 21 percent and 20 percent in FY24 – FY26E.
About Bharat Electronics Ltd
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 the Indian Defence Services require.
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 Ltd
| Market Cap | ₹ 1,61,546 Cr. |
| Current Price | ₹ 220.50 |
| 52-wk High | ₹ 223 |
| 52-wk Low | ₹ 95.0 |
| Stock P/E | 45.3 |
| Book Value | ₹ 20.3 |
| Dividend | 0.81 % |
| ROCE | 29.9 % |
| ROE | 22.8 % |
| Face Value | ₹ 1.00 |
| P/B Value | 10.9 |
| OPM | 25.2 % |
| EPS | ₹ 4.88 |
| Debt | ₹ 61.4 Cr. |
| Debt to Equity | 0.00 |
Bharat Electronics Ltd 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 Ltd Share: Last 5 Years’ Financial Condition
To better understand 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 | ₹ 1,887 Cr |
| 2020 | ₹ 1,825 Cr |
| 2021 | ₹ 2,400 Cr |
| 2022 | ₹ 2,400 Cr |
| 2023 | ₹ 3,571 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
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% |
| Current Year: | 3% |
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.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.
