During Monday’s trading session, the shares of this Navratna Defence PSU company manufacturing and supplying electronic equipment and systems to the defence sector surged nearly 1.4 percent to Rs. 294.9 on BSE, after the company announced securing an order worth Rs. 973 crores.
With a market cap of Rs. 2.15 lakh crores, at 03:00 p.m., the shares of Bharat Electronics Limited were trading in the green at Rs. 294.9, up by nearly 1.4 percent, as against its previous closing price of Rs. 290.9.
What’s the News?
Bharat Electronics Limited (BEL), according to the latest regulatory filings with the stock exchanges, announced receiving an order worth Rs. 973 crores.
This major order includes platform screen doors for metro rail, radars, communication equipment, jammers, seekers, upgraded submarine sonar, upgraded satcom terminals, test stations, spares, services etc.
With these orders, BEL has now accumulated orders totalling Rs. 9,801 crores in the current financial year.
Previous Orders:
On 8th November, BEL secured additional orders exceeding Rs. 500 crores, which included Laser Range Finders, communication equipment, vessel communication and support system, test equipment for guns, spares, services and more.
On 9th December, the company bagged an order, valued at Rs. 634 crores, for the maintenance of the Akash Missile System, telescopic sights for guns, communication equipment, jammers, electronic voting machines, test stations, spares, services etc.
Financials:
The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 15 percent, rising from Rs. 4,009 crores in Q2 FY24 to Rs. 4,605 crores in Q2 FY25.
During the same period, the company’s net profit rose from Rs. 790 crores to Rs. 1,093 crores, reflecting a growth of 38.4 percent YoY.
Also read….
Order Book & Management Guidance:
As of 1st October, the company’s order book stood at Rs. 74,595 crores, while in the first half of FY25, it achieved an order inflow of Rs. 7,500 crores.
Management remains confident in reaching the Rs. 25,000 crore target for FY25, citing advanced stages in negotiations for several large orders. Key expected orders include the Ashwini Radar worth Rs. 2,500 crores, the Electronic Warfare Suite for MI-17 at Rs. 2,000 crores, the ATULYA Order for Rs. 2,000 crores, and Shakti Phase IV at Rs. 2,000 crores.
Management has set a gross margin target of 42 percent for FY25, having achieved 45 percent in the first half. Management remains optimistic about achieving a minimum annual growth rate of 15 percent over the next five years, supported by a robust order book and an increasing defense budget.
Stock Performance
The stock has delivered positive returns of nearly 62 percent of returns in one year, while around 5 percent of negative returns in the last six months. So far in 2024, the shares of BEL have given positive returns of about 59.3 percent.
About the Company:
Bharat Electronics Limited (BEL) is a Government of India undertaking Navratna PSU, primarily engaged in the business of manufacturing and supply of electronic equipment and systems for the defence and civilian segments.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
