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1,20,000 per cent returns & Rs 76,705 crore order book: Keep this multibagger defence stock under the radar; scrip jumps 4.8 per cent & PAT jumps 46 per cent!
Kiran Shroff
/ Categories: Trending, Multibaggers

1,20,000 per cent returns & Rs 76,705 crore order book: Keep this multibagger defence stock under the radar; scrip jumps 4.8 per cent & PAT jumps 46 per cent!

The stock gave multibagger returns of 133 per cent in just 1 year, 415 per cent in 3 years and a whopping 1,580 per cent in a decade.

On Wednesday, shares of Bharat Electronics Limited (BEL) gained 4.8 per cent to an intraday high of Rs 301.10 per share from its previous closing of Rs 287.30. The stock’s 52-week high is Rs 340.35 and its 52-week low is Rs 126.70. At the closing bell, shares of the company were trading at Rs 300.25, up 4.51 per cent.

Navratna Defense PSU Bharat Electronics Limited (BEL) reported a strong performance in the first quarter of the financial year 2024-25. The company's revenue surged by 19.10 per cent to Rs 4,105.14 crore compared to the same period last year. Profit before tax (PBT) also witnessed significant growth of 47.40 per cent, reaching Rs 1,037.34 crore. Additionally, profit after tax (PAT) climbed by 46.21 per cent to Rs 776.14 crore. The order book position of the company as of July 01, 2024, stood at Rs 76,705 crore.

Earlier, BEL secured a Euro 25.75 million (approximately Rs 230 crore) export order from Thales Reliance Defence Systems (TRDS) to manufacture and supply Transmit Receive (TR) modules for fighter aircraft radars. In addition to this, BEL has received domestic orders worth Rs 192 crore since June 28, 2024, covering communication equipment, encryptors, radar and fire control system spares, and related services. With these new orders, BEL's total order book for the current financial year has reached Rs 5,225 crore.

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About the Company

Bharat Electronics Limited (BEL), established in 1954, is a prominent Indian government-owned company under the Ministry of Defence. They specialize in manufacturing cutting-edge electronic products and systems for the Indian armed forces, encompassing areas like radars, missile systems, communication technologies, electronic warfare systems, avionics for aircraft, naval systems, and even tank electronics. While their primary focus is defence, BEL also has a limited presence in the civilian market, offering solutions in cybersecurity, e-mobility, railways, e-governance and more.

The company has a market cap of Rs 2.19 lakh crore and has been maintaining a healthy dividend payout of 48 per cent. The company’s order book stands at Rs 76,705 crore as of July 2024. The company's shares have an ROE of 26 per cent and an ROCE of 35 per cent. The stock gave multibagger returns of 133 per cent in just 1 year, 415 per cent in 3 years and a whopping 1,580 per cent in a decade. From Rs 0.25 (in the year 1999) to Rs 301.10 per share (intraday high of July 29), the stock gave multibagger returns of over 1,20,000 per cent. This Defence PSU mid-cap stock should be kept under the radar.

Disclaimer: The article is for informational purposes only and not investment advice. 

Also Read: Rs 540 crore order book and FIIs & DIIs increase stake: Multibagger marine electrical equipments stock hit upper circuit on August 07; Here’s Why!

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