Rs 71,100 Crore Order Book: Defence Company Receives Orders Worth Rs 962 Crore including EOFCS Order from Indian Navy
The stock, which traded at a mere Rs 0.25 in 1999, has experienced exponential growth, delivering a mind-boggling 1,12,800 per cent return to its investors.
Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has signed a contract valued at Rs 610 crore for the supply of Electro Optic Fire Control System (EOFCS) for the Indian Navy. This fully indigenously developed system will be installed and integrated onboard Indian Naval Platforms. The system is capable of panoramic/sector search, tracking all types of targets during day/night and engages the tracked targets with medium-range and short-range gun mounts.
Additionally, BEL has secured other orders valued at Rs 352 crore following the last disclosure on 28 January 2025 which comprises an anti-drone system, fuses, integrated fire detection and suppression system, vessel communication system, spares, services etc. With these, BEL has now accumulated orders totalling Rs 11,855 crore in the current financial year.
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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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.
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 310 per cent in 3 years and a whopping 850 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 1,12,800 per cent return to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.