Rs 76,705 crore order book & 1,30,000 per cent returns: Keep an eye on this multibagger defence stock as company announces stellar Q1FY25 results, PAT jumps 46 per cent!

The stock gave multibagger returns of 150 per cent in just 1 year, 415 per cent in 3 years and a whopping 1,730 per cent in a decade.

Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved a turnover of Rs 4,105.14 crore, registering a growth of 19.10 per cent during the 1st quarter of FY2024-25 over the turnover of Rs 3,446.69 crore recorded in the corresponding period of the previous year. Profit Before Tax (PBT) during the 1st quarter of FY2024-25 stood at Rs 1,037.34 crore, with a growth of 47.40 per cent over the Profit Before Tax (PBT) of Rs 703.75 crore recorded in the corresponding period of the previous year. Profit After Tax (PAT) during the 1st quarter of FY2024-25 stood at Rs 776.14 crore, with a growth of 46.21 per cent over the Profit After Tax (PAT) of Rs 530.84 crore recorded in the corresponding period of the previous year. The order book position of the company as of July 01, 2024, stood at Rs 76,705 crore.

On Monday, shares of Bharat Electronics Limited (BEL) gained 5.10 per cent to an intraday high of Rs 325.65 per share from its previous closing of Rs 309.90. The stock’s 52-week high is Rs 340.35 and its 52-week low is Rs 123.55. The shares of the company saw a spurt in volume by more than 1.01 times on BSE.

Earlier, BEL secured a Euro 25.75 million (approximately Rs 230 crore) export order from Thales Reliance Defence Systems (TRDS) to manufacture and supply Transmit Receive (TR) modules for fighter aircraft radars. In addition to this, BEL has received domestic orders worth Rs 192 crore since June 28, 2024, covering communication equipment, encryptors, radar and fire control system spares, and related services. With these new orders, BEL's total order book for the current financial year has reached Rs 5,225 crore.

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 2.30 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 150 per cent in just 1 year, 415 per cent in 3 years and a whopping 1,730 per cent in a decade. From Rs 0.25 (in the year 1999) to Rs 325.65 per share (intraday high of July 29), the stock gave multibagger returns of over 1,30,000 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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