1,16,000% Multibagger Returns & Rs 71,100 Crore Order Book: Defence Stock Jumps After Registering Growth of 47% in PAT During 3rd Quarter of FY 2024-25

The stock gave multibagger returns of 325 per cent in 3 years and a whopping 880 per cent in 5 years.

On Friday, shares of Bharat Electronics Limited (BEL) gained 4.26 per cent to Rs 290.80 per share from its previous closing of Rs 278.90 per share. The stock’s 52-week high is Rs 340.35 and its 52-week low is Rs 171.70. The company's shares saw a spurt in volume by more than 2 times on BSE.

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.

Earlier, the company received orders worth Rs 531 crore for a variety of products and services, such as advanced composite communication systems for ships, communication equipment, medical electronics, electro-optics, active radar homing heads for missiles, classroom jammers, spares, and services. In addition, BEL also secured earlier orders totalling Rs 561 crore, which included major orders for communication equipment, electro-optics, satcom network upgrades, radar and fire control systems, spares, and services.

The company has a market cap of over Rs 2 lakh crore and has been maintaining a healthy dividend pay-out 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 325 per cent in 3 years and a whopping 880 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 1,16,000 per cent return to its investors.

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