Rs 66,590 crore order book: This multibagger PSU company receives orders worth Rs 5,900 crore!
The stock has an ROE of 22.80 per cent and a ROCE of 30.10 per cent with multibagger returns of 150 per cent in just 2 years and over 350 per cent in 3 years.
Bharat Electronics Ltd, a Navratna Defence PSU informed that the company receives orders worth Rs 5,900 crore. Details Below:
Order No-1: Received order for 2 regiments of improved Akash Weapon System (AWS) with upgrades from BDL for a value of Rs 3,914 crore.
Order No-2: Other significant orders received inter-alia include orders for Shakti EW & Sanket MK III (Naval Systems), GBMES & GBVU Com Jammer systems, MKBT systems, IFF-MKXII Crypto Modules & Up gradation of SDP & Display of Rohini Radar, Training system for CMS P15B & CAMC of CMS for P 28 etc. The order is valued at Rs 1,984 crore.
Additionally, the order book position of the company as of April 1, 2023 stood at Rs 60,690 crore. Including the above orders, the company’s current order book stands at Rs 66,590 crore. Furthermore, the company declared a final dividend of Rs 0.60 per equity share (having a face value of Rs 1 each) on the enhanced share capital of the company post- bonus issue on Sept 15, 2022.
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On Monday, shares of Bharat Electronics Ltd (BEL) plunged 1.92 per cent to Rs 122.85 per share from its previous closing of Rs 125.20 with an intraday high of Rs 126.30 and an intraday low of Rs 121.75.
BEL was established in 1954 in association with CSF, France (now, Thales), to meet the specialized electronic equipment requirements of the Indian Defence Services. In the financial year 2022-2023, the company received multiple orders from the Government of India and the Ministry of Defence.
The stock has an ROE of 22.80 per cent and a ROCE of 30.10 per cent with multibagger returns of 150 per cent in just 2 years and over 350 per cent in 3 years. This PSU Large-Cap stock should be kept under the radar.