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HomeSHARE MARKET₹187 Stock; Low Debt, Strong Order, Good Market Hold; ₹228 Defence Stock...

₹187 Stock; Low Debt, Strong Order, Good Market Hold; ₹228 Defence Stock Target

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Bharat Electronics Ltd (NSE: BEL): Brokerage has advised to buy shares of Bharat Electronics Ltd with strong fundamentals. The brokerage house believes that this defensive stock can gain 30 percent from its current price.

A company is said to have strong fundamentals when it exhibits a specific set of business characteristics, i.e., strong financial performance, low debt, strong order sheet, good market hold, and some such parameters.

Bharat Electronics can be described as a solid defense company that has a ‘buy’ option for an upside potential of more than 25 percent.

The market cap of Bharat Electronics Limited is Rs 1.36 lakh crore. Shares of Bharat Electronics Limited was trading at the level of Rs 187.75 falling 1.27 percent on Wednesday.

Looking back over the last year the stock of the company has delivered multibagger returns that are around 101.66 percent for the shareholders.

An examination of the most recent reports showed an increase in operating revenue and profits after tax, which are key indicators of the company’s performance and financial performance. The latter increased from 4,009 crore in Q2FY24 and the figure of Rs 4,162 crore in Q3FY24.

The company also had healthy returns and margin ratios in the last few months The margin of net profit was 16.57 percent for FY20, an increase from the previous year’s rate of 15.32 percent.

At the same time, the company also recorded the company’s return on equity (ROE) at 21.53 percent and an increase in the increase in capital employed (ROCE) of 26.38 percent.

A domestic brokerage while advising to buy Bharat Electronics, gave a target price of Rs 228 for it and issued a ‘buy’ rating on the company’s stock.

The brokerage house said the rationale behind giving such a buy call is related to the growing need for modern indigenous defense platforms, a healthy order-book position, and a strong order pipeline, among others.

Its book of orders is at 26,761 crore versus the estimate of around 20,000 crore for the quarter that ended in December 2023. Apart from this, an order flow of Rs 50,000 crore is expected in the coming two years.

Apart from this, the company also performed well on its capital expenditure (capex), which is about Rs 700 crore for FY2014. The company has arranged for a capital investment of Rs 800 crore over the next few years of financials.

Bharat Electronics Limited (BEL) founded in 1954, is an aerospace and defense firm that produces a variety of electronic components that are specialized for defense and civil applications.

Its defense components include the navy radar system, land-based radar electronic warfare systems weapons systems, avionics, microwave super-components, as well as a host of others.

About Bharat Electronics Ltd (BEL)

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 the Indian Defence Services require.

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

Fundamental Analysis of Bharat Electronics Ltd 

Market Cap₹ 1,37,241 Cr.
Current Price₹ 187.75
52-wk High₹ 217 
52-wk Low₹ 89.6
Stock P/E38.4
Book Value₹ 20.3
Dividend0.96 %
ROCE29.9 %
ROE22.8 %
Face Value₹ 1.00
P/B Value9.337
OPM25.2 %
EPS₹ 4.88
Debt₹ 61.4 Cr.
Debt to Equity0.00

Bharat Electronics Ltd (BEL) 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 Ltd 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 Ltd Share: Last 5 Years’ Financial Condition

To better understand 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₹ 1,887 Cr
2020₹ 1,825 Cr
2021₹ 2,400 Cr
2022₹ 2,400 Cr
2023₹ 3,571 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

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%
Current Year:3%

Conclusion

This article is a complete guide about Bharat Electronics Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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