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Don’t Follow Every PSU Stock; These Two PSU Stocks Are Quite Attractive; Complete Details

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Today, in this post we’ll discuss about Bharat Electronics Ltd latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

The market has made records on Chaitra Navratri and the Hindu New Year. Investors have a great opportunity to create wealth on the occasion of the Hindu New Year.

Shares of defense sector PSU company Bharat Electronics Ltd (NSE: BEL) are rising during trading.

On the expectation of big orders, the share on BSE has increased by more than 2 percent to the level of 228.2. According to sources, Defense PSU may get a deal worth ₹ 6000-6200 crore.

BEL Share

Market expert is bullish on defense PSU stock BEL. He has advised investors to buy defense stocks for investment. 

He says that defense PSUs are continuously getting orders. It is expected to get orders worth Rs 6000 crore. BEL is only one of the few defense companies whose orders have grown by more than 30%.

According to Market expert, BEL is getting orders from EVM and Defence, the voting machine in elections. He says that this Defense PSU Stock can do wonders.

This can be a very good stock for this year. Buy it according to investment.

BEL Target Price

The expert has given a target of 75/300/350 for BEL shares for the short term. He says that BEL must be in your portfolio. From the current price, defense stocks can yield more than 53 percent returns.

BEL Order Details

Defense PSU Bharat Electronics Limited (BEL) may get a deal worth ₹ 6000-6200 crore. According to sources, BEL may get the order. The company will develop a system of control and response for the military.

The communication that happens between the firing unit and the radar unit, it was the soldiers or officers of the Indian Army who used to make the decisions. If any radar or plane is entering your border, the radar will detect it. 

The firing system in it used to fire at him. The entire process that took place between these two was delayed. 

But now BEL has filled this gap. BEL has developed a system named Akash-3 in the name of the Control and Reaction System. BEL has already handed over 15 units to Seno.

BEL Will Produce 450 Units Of Control And Response Systems

The total requirement of the Army is 450. The cost of the first 100 Control and Response System units is Rs 1980 crore. 

At the same time, if we look at the price of 450 units, it will be a deal worth around Rs 9,000 crore. This deal will be completed in a total of 4 years. At the same time, BEL can also make control and response systems for the Air Force.

BEL Share Price History

Defense PSU Stock made a new all-time high. The share touched the level of 228.90 during trading. 

This stock’s 52-week high is. The company’s market capitalization is Rs 1,67028.45 crore. 

Talking about the returns of Defense PSU stock, it has increased by 3 percent in a week, 6 percent in 1 month, and 24 percent in 3 months. The stock has risen 68 percent in 6 months while it has given returns of more than 130 percent in one year. 

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 certain of its products and services to various nations as well.

Fundamental Analysis of Bharat Electronics Ltd 

Market Cap₹ 1,69,221 Cr.
Current Price₹ 228.70
52-wk High₹ 233
52-wk Low₹ 99.1
Stock P/E47.4
Book Value₹ 20.3
Dividend0.79 %
ROCE29.9 %
ROE22.8 %
Face Value₹ 1.00
P/B Value11.4
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₹ 251
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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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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