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HomeINVESTMENTAir Force Has Signed Agreement With ₹176 Govt Share; Total Order 76217...

Air Force Has Signed Agreement With ₹176 Govt Share; Total Order 76217 Crore

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A reputed brokerage house advised investment in the stock of Bharat Electronics(NSE: BEL) in its research report on 7th February. 

Another piece of news has come regarding the stock. Indian Air Force has signed an agreement with the company regarding sets of communication. 

According to the agreement, these sets will be light and can be lifted from one place to another by a soldier. 

These sets will be based on SDR technology i.e. Software Design Radio technology. 

This agreement will help the company to further strengthen its position in the indigenous defense equipment sector.

What Is The Report Regarding The Stock?

Expert has advised to invest in Bharat Electronics with a target of Rs 218. The Stock is currently trading at 177.65.

This means that even from these levels the stock can see a rise of more than 21 percent.

It has been said in the report that the company’s results have been weaker than expectations. 

It was said in the report that the lower-than-expected income was seen due to a lack of completion of the project and a part of the income being shifted to the next quarter. 

Despite a weaker-than-expected quarter, the company remains within its revenue guidance for the current financial year. 

On January 1 the order book of the company was recalculated to Rs 76217 crore. The stock has increased by 31 percent in the last 3 months and more than 88 percent in a year.

How Were The Company’s Results?

According to the results released about two weeks ago, the company’s profit has increased by 40 percent to Rs 859.6 crore as compared to last year. 

Which was Rs 613 crore a year ago. There has been limited change in the income and the income has reached Rs 4162 crore as compared to Rs 4153 crore last year.

The EBITDA of the company has increased by 24 percent to Rs 1072 crore and the margin has been 26 percent.

About Bharat Electronics Limited Company

BEL produces electronic products to support the Army, Air Force & Navy. In 1954, in the newly independent India, there was a need for absolute to create an indigenous industry.

The idea of an independent India led to the creation of various Public Sector Enterprises and has made significant strides.

Since its inception thanks to the visionary perspective of its founders the perseverance of its staff, and the trust and support of its customers, and BEL’s Government of India.

The Government’s call to “Make in India” resonates with the work BEL has been able to achieve for the past six decades.

BEL was founded to fulfill the highly specialized electronic equipment needs that are required by the Indian Defence Services.

While this is still to be the main goal, however, the Company is present in the civilian sector, as well. BEL exports certain of its products and services to various nations as well.

Fundamental Analysis of Bharat Electronics Limited

Market Cap₹ 1,29,822 Cr.
Current Price₹ 178
52-wk High₹ 196
52-wk Low89.6
Stock P/E37.0
Book Value₹ 20.3
Dividend1.00 %
ROCE29.9 %
ROE22.8 %
Face Value₹ 1.00
P/B Value8.91
OPM25.2 %
EPS₹ 4.88
Debt₹ 61.4 Cr.
Debt to Equity0.00

Bharat Electronics Limited Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹200₹221
2025₹224₹245
2026₹265₹300
2027₹305₹324
2028₹362₹400
2029₹405₹422
2030₹432₹460
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Bharat Electronics Limited Shareholding Pattern

Promoters Holding
Dec 202251.14%
Mar 202351.14%
June 202351.14%
Sept 202351.14%
Dec  202351.14%
FII Holding
Dec 202217.34%
Mar 202316.42%
June 202317.35%
Sept 202317.19%
Dec  202317.77%
DII Holding
Dec 202225.04%
Mar 202325.50%
June 202324.84%
Sept 202324.19%
Dec  202323.37%
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Public Holding
Dec 20226.47%
Mar 20236.95%
June 20236.68%
Sept 20237.49%
Dec  20237.72%

Bharat Electronics Limited  Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹12,164 Cr
2020₹12,968 Cr
2021₹14,109 Cr
2022₹15,368 Cr
2023₹18,183 Cr

Last 5 Years’ Net Profit:

2019₹1,887Cr
2020₹1,825Cr
2021₹2,100 Cr
2022₹2,400Cr
2023₹3,571 Cr
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Last 10 Years’ Profit Growth:

10 Years:13%
5 Years:16%
3 Years:18%
Current Year:29%

Last 10 years’ Return on Equity (ROE):

10 Years:19%
5 Years:21%
3 Years:21%
Last Year:23%

Sales Growth Over 10 Years:

10 Years:11%
5 Years:11%
3 Years:11%
Last Year:3%

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Conclusion

This article is a complete guide about Bharat Electronics Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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