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HomeSTOCKS₹196 Multibagger Government Share Will Consider Dividend On March 15; New Share...

₹196 Multibagger Government Share Will Consider Dividend On March 15; New Share Target

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Bharat Electronics Ltd (NSE: BEL): One of the top international brokerage companies has raised the price target for shares of Navratna multibagger PSU Bharat Electronics Limited (BEL) and advised the company to purchase the shares.

The world’s largest brokerage company has set an updated price target of the current Rs 257 per share compared to the previous figure of Rs 205 in anticipation of increased orders during FY 2024.

The share of Bharat Electronics Ltd was unaffected in the wake of Thursday drop and closed at 196.40 down 3.21 percent. 

If investors purchase Bharat Electronics at the current price, they as per the view that the company’s brokerage can earn a potential gain of 35.26 percent in the stock.

BEL shares provided an outstanding return of 112.10 percent for its shareholders in the past year. It also rose by 307 percent in the last three years. 

In addition, the BEL board of directors is scheduled to meet at an assembly on March 15th, 2024, to decide on the second dividend interim. The market capitalization of BEL is 1,38,885.80 crore.

Expert Analyst on Bharat Electronics stated that they increased the price they target for Bharat Electronics by Rs 257 while maintaining a Buy rating, granting a PE of 35 times for March 2026’s results (versus 30 percent in the previous).

Slow order book sales have been a major worry for investors over the past two years. 

Brokerage has said that it anticipates as a potential increase of over 10,000 crores during FY24 (additional orders based on sales) which could result in an increase in revenue of 14 percent in FY2025 and FY26.

Bharat Electronics Will Give An Interim Dividend On 15 March

Based on the company’s regulatory filing, which is governed by Regulation 29 of the SEBI (LODR) Regulations, 2015 the company wishes to notify that the directors’ meeting of the company to decide the announcement of a second dividend interim for the fiscal year 2023-24 to be held on a Friday which is scheduled to be on March 15, 2024.

Bharat Electronics Stock Returns

The 52-week high price of Bharat Electronics’ shares BSE is 216.80 as well as the 52-week low is 89.68 in both cases. 

BEL has an ROE of 24.75 and a PE of 41.47. Its EPS (TTM) is 4.93.

BEL stock gained 44.73 percent over the past six months. BEL stock has yielded 16 percent over the past 2 years and 520.54 percent returns over the last five years. 

Bharat Electronics shares climbed by 17788 percent over the past 10 years.

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 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 Ltd

Market Cap₹ 1,41,590 Cr.
Current Price₹ 196.40
52-wk High₹ 216.80
52-wk Low₹ 89.65
Stock P/E39.55
Book Value₹ 20.3
Dividend0.94 %
ROCE29.9 %
ROE22.8 %
Face Value₹ 1.00
P/B Value9.56
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 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₹ 1,887 Cr
2020₹ 1,825 Cr
2021₹ 2,100 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.

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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