1,15,000 per cent returns & Rs 76,705 crore order book: Multibagger defence company bags new orders worth Rs 1,155 crore from Cochin Shipyard Ltd & others

The stock gave multibagger returns of 100 per cent in just 1 year, 340 per cent in 3 years and a whopping 1,247 per cent in a decade. From Rs 0.25 (in the year 1999) to Rs 288.05 per share, the stock gave multibagger returns of over 1,15,000 per cent.

Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has 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 provide protection to naval ships. Additionally, BEL has secured orders valued at Rs 305 crore following the last disclosure on August 22, 2024, which include a navigational complex system for ships, thermal imagers, communication equipment, fire control system, gun control system, spares, services, etc. With these orders, BEL has now accumulated orders totalling Rs 7, 075 Cr. in the current financial year.

Navratna Defense PSU Bharat Electronics Limited (BEL) reported a strong performance in the first quarter of the financial year 2024-25. The company's revenue surged by 19.10 per cent to Rs 4,105.14 crore compared to the same period last year. Profit before tax (PBT) also witnessed significant growth of 47.40 per cent, reaching Rs 1,037.34 crore. Additionally, profit after tax (PAT) climbed by 46.21 per cent to Rs 776.14 crore. The order book position of the company as of July 01, 2024, stood at Rs 76,705 crore.

On Wednesday, shares of Bharat Electronics Limited (BEL) gained 0.79 per cent to Rs 288.05 with an intraday high of Rs 290.40 and an intraday low of Rs 284.35 from its previous closing of Rs 285.80. The stock’s 52-week high is Rs 340.35 and its 52-week low is Rs 127.

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 Rs 2.10 lakh crore and has been maintaining a healthy dividend payout of 48 per cent. The company’s order book stands at Rs 76,705 crore as of July 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 100 per cent in just 1 year, 340 per cent in 3 years and a whopping 1,247 per cent in a decade. From Rs 0.25 (in the year 1999) to Rs 288.05 per share, the stock gave multibagger returns of over 1,15,000 per cent. This Defence PSU mid-cap stock should be kept under the radar.

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

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