Rs 74,595 crore order book: Heavy Buying In This President of India-Backed Multibagger Defence Stock; Jumps Over 5 Per Cent On November 06
The stock gave multibagger returns of 120 per cent in just 1 year, 350 per cent in 3 years and a whopping 1,350 per cent in a decade.
On Wednesday, shares of Bharat Electronics Limited (BEL) gained 5.5 per cent to Rs 301.85 with an intraday high of Rs 304.30 and an intraday low of Rs 287.15 from its previous closing of Rs 286.15. The stock’s 52-week high is Rs 340.35 and its 52-week low is Rs 136.75. The shares of the company saw a spurt in volume by more than 1.25 times.
Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a Turnover of Rs 8,530.43 crore, registering a growth of 15.83 per cent during the 1st half of FY25 over the turnover of Rs 7,364.82 crore recorded in the corresponding period of the previous year. During the 2nd Quarter of FY25, BEL achieved a Turnover of Rs 4,425.29 crore as against Rs 3,918.13 crore recorded in the corresponding period of the previous year.
Profit Before Tax (PBT) during the 1st half of FY25 stood at Rs 2,488.22 crore, with a growth of 40.05 per cent over the Profit Before Tax (PBT) of Rs 1,776.69 crore recorded in the corresponding period of the previous year. During the 2nd Quarter of FY25, Profit Before Tax (PBT) stood at Rs 1,450.88 crore as against Rs 1,072.94 crore recorded in the corresponding period of the previous year.
Profit After Tax (PAT) during the 1st half of FY25 stood at Rs 1,867.41 crore, with a growth of 39.03 per cent over the Profit After Tax (PAT) of Rs 1343.18 crore recorded in the corresponding period of the previous year. During the 2nd Quarter of FY25, Profit After Tax (PAT) stood at Rs 1,091.27 crore as against Rs 812.34 crore recorded in the corresponding period of the previous year. The order book position of the company as of October 01, 2024, stood at Rs 74,595 crore.
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Earlier, the company secured an order worth Rs 850 crore from Cochin Shipyard Limited (CSL) for the supply of indigenous Multi-Function Radar in X Band. This fully indigenous radar designed by DRDO and manufactured by BEL is capable of detecting, acquiring and tracking airborne targets to protect naval ships. Additionally, BEL has secured orders valued at Rs 305 crore which include a navigational complex system for ships, thermal imagers, communication equipment, fire control systems, gun control systems, spares, services, etc.
About the Company
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 a market cap of over Rs 2.20 lakh crore and has been maintaining a healthy dividend payout 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 120 per cent in just 1 year, 350 per cent in 3 years and a whopping 1,350 per cent in a decade. The stock, which traded at a mere Rs 0.25 in 1999, has experienced exponential growth, delivering a mind-boggling 1,20,000 per cent return to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.