1. Bharat Electronics
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86% Buy

Bharat Electronics Share Price

BEL

₹301.45-₹10.85 (-3.47%) TodayLast updated on 23 Jul, 2024 | 15:59 IST
₹281.10₹317.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹2,28,284 Crs

Open

₹317.00

Close

₹312.30

Circuit range

₹343.50 - ₹265.45

Day range

₹281.10 - ₹317.00

Year range

₹123.50 - ₹340.50

Volume

7,65,13,131

Avg. traded

₹302.54

Revenue (12m)

₹20,268 Crs

Bharat Electronics

Bharat Electronics Limited (BEL) is a public sector company specialising in aerospace and defence electronics. It is primarily engaged in design, development, manufacturing and supply of high-end electronic products and systems. Bharat Electronics Ltd is a Navratna public sector undertaking under the Ministry of Defence.

The company’s market capitalisation stood at over ₹1.18 lakh crore as of December 13, 2023. BEL share price has surged over 324% in the last three years.

Bharat Electronics Limited was established in Bengaluru in 1954. The company began its journey by producing a small range of communication equipment in 1956. It ventured into producing receiving valves in 1961, Germanium semiconductors in 1962 and radio transmitters for All India Radio (AIR) in 1964.

The company established a radar manufacturing unit for the Indian Army in 1966. By 1970, BEL was manufacturing black-and-white television picture tubes and X-ray tubes. In 1972, it started supplying TV transmitters to Doordarshan.

The company now caters to the diverse needs of both defence and civilian customers in India and abroad through its multi-product and multi-technology portfolio. BEL specialises in products for communication, radars, naval systems, electronic warfare systems, weapon systems and DTH. The company also manufactures electronic voting machines (EVMs).

In 2002, the company was the first defence PSU to get Miniratna status and in 2007 it became a Navratna PSU.

BEL business operations

Bharat Electronics Limited operates through several subsidiaries. BEL Optronic Devices Limited (BELOP) is a wholly-owned subsidiary of the company. BEL-THALES Systems Limited (BTSL) operates as a subsidiary with BEL holding a 74% share in the company. GE BE Pvt Limited (GEBEL) functions as a joint venture (JV) with BEL holding a 26% share. Bharat Electronics Limited holds a 50% shareholding in the Defence Innovation Organisation (DIO).

In the defence segment, BEL received orders worth ₹18,052 crore in FY23. BEL’s defence products include radar and fire control systems, weapon systems, communication, network-centric systems, electronic warfare systems, avionics, anti-submarine warfare systems, sonar systems, electro-optics, tank electronics, gun upgrades, cyber security systems and unmanned systems.

Bharat Electronics Limited's recent milestones include the successful delivery of various defence systems such as the DRDO-designed Akash Missile System, Long Range Surface to Air Missile (LR SAM), Naval Fire Control Systems, L-70 Air Defence Gun System, and Schilka Air Defence Gun System. BEL’s export services cater to clients in countries like the United States, France, China, Germany, Switzerland, ASEAN nations, Mauritius, the Republic of Armenia, Sri Lanka, Sweden and Israel.

Over the years, the company has signed MoUs with several foreign defence manufacturers like Lockheed Martin, EADS and Northrop Grumman, Rafael, Raytheon and Elisra for developing electronic warfare systems.

Financial Highlights

Consolidated revenue grew 15.3% year-on-year to ₹17,734 crore in FY23 compared to ₹15,368 crore in FY22. Net profit of the company increased to ₹2,940 crore in FY23 from ₹2,354 crore in FY22. In FY23, total income of the company stood at ₹18,015 crore. Its EBIT (earnings before interest and taxes) stood at ₹3,937 crore in FY23.
The company made a total capital expenditure of ₹14,077 crore in FY23. The earnings per share (EPS) of the company was at ₹4.09 in FY23.

Bharat Electronics Key indicators

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52 week high

₹340.50

52 week low

₹123.50

P/E ratio

57.31

P/B ratio

14.04

ROE

23.52%

ROCE

31.32%

Dividend yield

0.72%

Debt/Equity ratio

EPS

4.11

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Investment checklist: (4/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

86%

Hold

4%

Sell

10%

This analysis is based on the reviews of 21 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

25%

Net profit margin

17.04%

ROE

23.52%

ROA

8.92%

ROCE

31.32%

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Bharat Electronics Shareholder returns

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1 day

+1.96%

1 week

-6.24%

1 month

+2.41%

3 months

+33.86%

1 year

+149.94%

3 years

+407.80%

5 years

+832.24%

Bharat Electronics Share Price history

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DayOpenCloseDay’s change
Mon, Jul 22 2024
₹306.00
₹312.30
+1.96%
Fri, Jul 19 2024
₹309.90
₹306.30
-2.31%
Thu, Jul 18 2024
₹326.50
₹313.55
-3.86%
Tue, Jul 16 2024
₹333.25
₹326.15
-1.58%
Mon, Jul 15 2024
₹336.00
₹331.40
-0.51%
Fri, Jul 12 2024
₹336.90
₹333.10
-0.72%
Thu, Jul 11 2024
₹335.50
₹335.50
+0.49%
Wed, Jul 10 2024
₹340.00
₹333.85
-0.28%

Shareholding info

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Promoters (51.14%)

Mutual Funds (16.08%)

Retail and other (10.82%)

Foreign institutions-FII (17.43%)

Other domestic institutions (4.53%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹0.7/share

    Ex date 22 Mar 2024

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  • Dividend • ₹0.7/share

    Ex date 09 Feb 2024

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  • Dividend • ₹0.6/share

    Ex date 17 Aug 2023

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  • Dividend • ₹0.6/share

    Ex date 24 Mar 2023

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  • Dividend • ₹0.6/share

    Ex date 10 Feb 2023

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  • Bonus • 2:1

    Ex date 15 Sep 2022

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  • Dividend • ₹1.5/share

    Ex date 08 Aug 2022

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  • Dividend • ₹1.5/share

    Ex date 24 Mar 2022

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  • Dividend • ₹1.5/share

    Ex date 09 Feb 2022

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  • Dividend • ₹0.8/share

    Ex date

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Frequently asked questions