Rs 68,000 crore order book & Rs 800 crore capex plans: This multibagger aerospace & defence company reports stellar quarterly results & half-yearly results!

The stock gave multibagger returns of over 350 per cent in 3 years and a whopping 1,100 per cent in a decade.

On Tuesday, shares of Bharat Electronics Ltd gained 1.25 per cent to an intraday high of Rs 133.60 per share. At the closing bell, shares of the company were trading at Rs 133.30 per share, up 1.02 per cent. The stock gave multibagger returns of over 350 per cent in 3 years and a whopping 1,100 per cent in a decade.

The company announcing stellar Quarterly Results (Q1FY24), Half-yearly results and healthy order book.  Here are the details:

Quarterly Results: The net sales increased by 1.2 per cent to Rs 4,009.06 crore, operating profit increased by 22.2 per cent to Rs 1,151.23 crore and net profit increased by 26.98 per cent to Rs 780.73 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 6.19 per cent to Rs 7,542 crore, operating profit increased by 27 per cent to Rs 1,963.97 crore and net profit increased by 34.85 per cent to Rs 1,309.33 crore in H1FY24 compared to H1FY23.

Order Book & Capex Plan Update: As of September 30, 2023, the company order book stands over Rs 68,000 crore which includes hundreds of small or medium-sized orders and the company is planning a capex of approx. Rs 700 to Rs 800 crore. The company executed Rs 250 crore capex plan last year.

Incorporated in 1954, Bharat Electronics Ltd manufactures and supplies electronic equipment and systems to the defence sector. The company also has a limited presence in the civilian market. The company has a market cap of Rs 97,440 crore and has been maintaining a healthy dividend payout of 45.4 per cent.

The stock has an ROE of 22.80 per cent and a ROCE of 30.10 per cent. This PSU Large-Cap stock should be kept under the radar.

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