Defence PSU Bharat Electronics Ltd shares today settled 2.68% higher on Bombay Stock Exchange (BSE) after the company bagged Rs 1292 crore order from Indian Coast Guard. BEL share price on BSE stood at Rs 260.20 per share. The scrip declined 7.02% in last 2-weeks and gained 36.52% in last 1-year. Meanwhile, the market capitalisation of the firm stood at Rs 1,90,200.45 crore while return on equity is 28.55%. It is worth mentioning that stake of LIC in the company stood at 1.26% for the quarter ended December 2024. It is worthwhile to note that the company has already recommended a total of 57 dividends since 2001.
BEL Bags Big Order From Indian Coast Guard
As per the exchange filing of the company dated Feb 20, 2025, “Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has signed a contract valued at Rs.1,034 Cr. (excluding taxes) with Ministry of Defence for supply of Software Defined Radios (SDR) and Data Communication Terminals (DCT) for Indian Coast Guard. The state of the art radios,indigenously developed jointly by DEAL (DRDO) and BEL, support multi band, multi channel, multi role/ mission operation to meet the needs of network centric warfare. The DCT system enables communication between shore and ships with required accuracy, speed, security and reliability for critical missions.”
In addition to the above, it secured other orders worth Rs.258 cr which include earth station for satellite communication, laser range finders, fire control centre, command and control post, communication equipment for weapon system, head up display, spares, services etc since the last disclosure on 08 February 2025. With these, the total accumulated orders received by BEL during the current financial year stands at Rs. 13,147 Cr, added the exchange filing.
BEL 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 179.20 per share (as on 15/03/2024), respectively. The psu shares declined 11.47% year-to-date, fell 6.64% in last 3-months, and soared 174.33% in last 2-years. In last 5-years, the stock offered maximum returns of 802.85% when Sensex gained 83.96%.
BEL Shares Drop 23.55% From 52-Week High Value
BEL share price slipped 23.55% from its 52-week high price of Rs 340.35 per share if today’s last trading price of Rs 260.20 is considered.
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.
Should You Buy BEL Shares?
Leading brokerage firm Nomura assigned buy call with target price of Rs 363 based on a 42x multiple of the September 2026 EPS.
The analyst upgraded FY25 Ebitda margin and EPS estimates by approximately 200 bps and 8%, respectively. The brokerage firm anticipates BEL’s gross margin to remain in the 46-48%range, buoyed by better localisation and cost efficiencies.
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 stock has been picked from the brokerage report of Nomura. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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