Rs 71,100 Crore Order Book: This Multibagger Large-cap Stock Secures Rs 593.22 Crore Defence Contract and Eyes Rs 5,000 Crore in New Orders
The stock gave multibagger returns of 189 per cent in 2 years and a whopping 1,066 per cent in 5 years.
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured a significant contract with the Indian Air Force valued at Rs 593.22 crores for maintenance services of the Akash Missile System. This contract marks the commencement of the financial year 2025-26 for BEL, enhancing its order book. Additionally, the company is in the final stages of negotiations for further orders worth Rs 5,000 crores. This development underscores BEL's strong foothold in the defence sector, as it continues to expand its portfolio and secure substantial contracts. The company's strategic focus on defence contracts is evident in its robust order acquisition strategy, positioning it for continued growth in the sector. The stock has been identified as a multibagger, delivering impressive returns over the past three years.
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Bharat Electronics Ltd, established in 1954, is a prominent manufacturer and supplier of electronic equipment primarily for the defence sector. The company operates through three main business segments: Defence, Non-Defence, and Exports. In FY24, the Defence segment contributed 81 per cent to the revenue, with a 19 per cent growth driven by effective order execution. The Non-Defence segment, although smaller, showed remarkable growth of 157 per cent between FY22 and FY24, focusing on innovative solutions for civilian markets. Exports, though a minor part, grew by 236 per cent in the same period. BEL's order book as of July 2024 stands at Rs 76,705 crore, with a significant portion from defence. The company is investing heavily in R&D, with 77 per cent of its turnover from indigenous products. BEL is also expanding its manufacturing capabilities and exploring new business models to capture diverse market segments. The company aims for substantial revenue growth and increased contributions from non-defence sectors in FY25.
As of April 03, 2025, Bharat Electronics Limited's stock is priced at Rs 282.4. The 52-week high is Rs 334.55, and the 52-week low is Rs 211.25. The stock is a recognized multibagger. Bharat Electronics Limited has a market capitalization of Rs 213,555 crore. The current order book stands at Rs 71,100 crores as of January 1, 2025. The shares of the company have an ROE of 41.4 per cent and an ROCE of 26.3 per cent. The stock gave multibagger returns of 189 per cent in 2 years and a whopping 1,066 per cent in 5 years. Investors should keep an eye on this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.