Zero-Debt Defence PSU BEL Wins Rs 962 Cr Order, Shares To Be In Spotlight

Zero-debt burden defence public sector undertaking (PSU) Bharat Electronics Ltd shares will remain in focus on Monday as the company today bagged Rs 962 crore order from Indian Navy. Last trading price of BEL shares on Bombay Stock Exchange (BSE) is Rs 276.85 apiece as on February 7, 2025. It is worth mentioning that the scrip witnessed decline of 5.45% in last 1-week when BSE Sensex jumped 0.46%. However, the stock gained 52.37% in last 1-year.

The company’s market capitalisation is Rs 2,02,371.23 crore. It offers a return on equity (ROE) of 28.55%. The defence company recommended a total of 57 dividends since 2001 and maintains a dividend yield of 0.79%. Life Insurance Corporation Of India (LIC) has a stake of 1.26% in the company. Check more details below:

Bharat Electronics Ltd Bags New Order From Indian Navy

According to the exchange filing of the defence PSU dated February 8, 2025, “Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has signed a contract valued at Rs. 610 Cr. for supply of Electro Optic Fire Control System (EOFCS) for Indian Navy. This fully indigenously developed system will be installed and integrated on board 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 the medium range and short range gun mounts.”

Additionally, BEL has secured other orders valued at Rs.352 Cr. following the last disclosure on 28 January 2025 which comprises anti drone system, fuzes, integrated fire detection and suppression system, vessel communication system, spares, services etc. With these, BEL has now accumulated orders totaling Rs.11,855 Cr. in the current financial year.

Bharat Electronics Ltd Shares Performance

The 52-week high price of BEL shares on BSE is Rs 340.35 per share (as on 10/07/2024) and 52-week low price is Rs 171.70 per share (as on 13/02/2024), respectively. The scrip surged by 2.50% in last 2-weeks, slipped 7.79% in last 6-months, and gained 193.12% in last 2-years. In last 3-years, the large cap defence stock witnessed surge of 311.24% and 849.09% in last 5-years. The stock delivered 702.46% returns in last 10-years.

BEL Financials

The company on January 30, 2025 declared a jump of 47.3% in its profit after tax (PAT) for the quarter ended December 31, 2024 to Rs 1316.06 crore as against Rs 893.30 crore declared in the corresponding quarter of last year. Its consolidated revenue from operations surged 38.6% for December 2024 quarter to Rs 5770.69 crore as against Rs 4162.16 crore announced in the similar quarter of last year.

About

BEL came into existence in 1954. The PSU is engaged in the manufacturing of specialised electronic equipment requirements of the Indian Defence Services, according to its official website.

Disclaimer

The story highlights bonus share and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.