770 Per Cent Multibagger Returns: PSU Company Bags Order Worth Rs 973 Crore
The company has announced the receipt of additional orders worth Rs 973 crore since its last disclosure on December 9, 2024.
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has announced the receipt of additional orders worth Rs 973 crore since its last disclosure on December 9, 2024. The orders include major components such as platform screen doors for metro rail, radars, communication equipment, jammers, seekers, upgraded submarine sonar, upgraded SATCOM terminals, test stations, spares, and services. With the inclusion of these orders, BEL has accumulated a total order book value of Rs 9801 crore in the current financial year. This milestone underscores BEL's continued excellence and growth in the defense and public sector industries.
Reacting to the news, shares of the company increased by 1.32 compared to its previous session’s close.
Earlier, the company has secured additional orders of more than Rs 634 crore from the Ministry of Defence. These orders encompass a diverse range of products and services, including the maintenance of the critical Akash Missile System, telescopic sights for guns, advanced communication equipment, sophisticated jammers, electronic voting machines, specialized test stations, essential spares, and comprehensive services.
DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, do download the service details here.
About the Company
Navratna Defence PSU 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.
The company has a market cap of over Rs 2.15 lakh crore and has been maintaining a healthy dividend pay-out of 44 per cent. The company’s order book stands at Rs 74,595 crore as of October 01, 2024. The company has an ROE of 26 per cent and an ROCE of 35 per cent. The stock gave multibagger returns of 776 per cent in the past 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.