Rs 71,100 Crore Order Book: Multibagger Defence Company Bags New Orders Worth Rs 577,00,00,000
The stock gave multibagger returns of 285 per cent in 3 years and a whopping 1,035 per cent in 5 years.
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has recently announced that it has secured additional orders worth Rs 577 crore. This announcement was made in a press release dated March 06, 2025, following the company's previous disclosure on February 20, 2025. The new orders encompass a range of advanced technologies, including airborne electronic warfare products, advanced composite communication systems for submarines, doppler weather radars, train communication systems, radar upgrades, and related spares and services. With these new orders, BEL's total accumulated orders for the current financial year have reached Rs 13,724 crore. The orders are expected to strengthen BEL's position in the defence sector, showcasing its capabilities in delivering cutting-edge technology solutions.
Additionally, the company has announced an interim dividend of Rs 1.50 per equity share (150 per cent) for the financial year 2024-25, as declared by its Board of Directors in their meeting held on March 5th, 2025. This dividend, payable within 30 days of the declaration, will be distributed to shareholders whose names appear on the company's register as of the record date, which has been set as Tuesday, March 11th, 2025.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
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. 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 announced impressive financial results for the third quarter of FY 2024-25. The company achieved a turnover of Rs 5,643.25 crore, a substantial 36.97 per cent increase compared to the Rs 4,120.10 crore recorded during the same period in the previous fiscal year. Profit Before Tax (PBT) reached Rs 1,754.15 crore, reflecting a 49.64 per cent growth over the Rs 1,172.26 crore reported in the corresponding period of the previous year. Profit After Tax (PAT) also saw a significant rise, reaching Rs 1,316.06 crore, a 47.33 per cent jump from the Rs 893.30 crore achieved in the same quarter last year.
For the cumulative period up to the third quarter of FY 2024-25, BEL's performance remains strong. The company's total turnover reached Rs 14,173.68 crore, compared to Rs 11,484.92 crore in the corresponding period of the previous year. PBT for this period increased to Rs 4,242.37 crore from Rs 2,948.95 crore, while PAT rose to Rs 3,183.47 crore from Rs 2,236.48 crore in the same period last year.
The company has a market cap of over Rs 2 lakh crore and has been maintaining a healthy dividend payout of 44 per cent. The company’s order book stands at Rs 71,100 crore as of January 01, 2025. The company's shares have an ROE of 26 per cent and an ROCE of 35 per cent. The stock gave multibagger returns of 285 per cent in 3 years and a whopping 1,035 per cent in 5 years. The stock, which traded at a mere Rs 0.25 in 1999, has experienced exponential growth, delivering a mind-boggling 1,12,340 per cent return to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.