Rs 74,595 Crore Order Book: Defence Stock Jumps After Bagging New Orders Worth Rs 531,00,00,000
The stock gave multibagger returns of 290 per cent in 3 years and a whopping 700 per cent in 5 years.
On Wednesday, shares of Bharat Electronics Limited (BEL) gained 3.75 per cent to Rs 267.90 per share from its previous closing of Rs 258.20 per share. The stock’s 52-week high is Rs 340.35 and its 52-week low is Rs 171.70.
Navratna Defence PSU Bharat Electronics Limited (BEL) has secured additional orders worth Rs 31 crore since its last disclosure on January 13, 2025. These orders encompass a diverse range of products and services, including advanced composite communication systems for ships, communication equipment, medical electronics, electro-optics, active radar homing heads for missiles, classroom jammers, spares, and services. With these latest orders, BEL's order book for the current financial year has now reached a substantial Rs 10,893 crore.
Earlier, the company bagged orders worth Rs 561 crore. Major orders include communication equipment, electro-optics, upgrades for the satcom network, radar & fire control system, spares, services etc.
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. 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.
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BEL has demonstrated robust financial performance in the first half of FY25. The company achieved a turnover of Rs 8,530.43 crore, marking a significant 15.83 per cent growth compared to the previous year's corresponding period turnover of Rs 7,364.82 crore. In the second quarter alone, BEL recorded a turnover of Rs 4,425.29 crore, surpassing the previous year's figure of Rs 3,918.13 crore. This strong performance has translated into substantial profitability. Profit Before Tax (PBT) for the first half of FY25 reached Rs 2,488.22 crore, a 40.05 per cent increase over the previous year's Rs 1,776.69 crore. The second quarter witnessed a PBT of Rs 1,450.88 crore, up from Rs 1,072.94 crore in the same period last year. Similarly, Profit After Tax (PAT) for the first half of FY25 amounted to Rs 1,867.41 crore, a 39.03 per cent growth compared to the previous year's Rs 1,343.18 crore. The second quarter's PAT stood at Rs 1,091.27 crore, higher than the previous year's Rs 812.34 crore.
The company has a market cap of Rs 1.90 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's shares have an ROE of 26 per cent and an ROCE of 35 per cent. The stock gave multibagger returns of 290 per cent in 3 years and a whopping 700 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 1,07,060 per cent return to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.