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HomeINVESTMENT₹2269 Crore Defence Ministry Deal; Government Share Price ₹182; Target Price

₹2269 Crore Defence Ministry Deal; Government Share Price ₹182; Target Price

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Bharat Electronics (NSE: BEL) share: The Defense Ministry of the Central Government has signed a big deal with Bharat Electronics Limited (BEL) of Hyderabad.

Under this deal, 11 Shakti Electronic Warfare Systems along with related equipment/accessories are being procured for the Indian Navy. The total value of the contract is 2269.54 crore.

According to the official statement, the Shakti Combat System, used for national security in the battlefield through electronic means, has been indigenously designed, developed, and manufactured.

Shakti Electronic Warfare System is capable of intercepting electronic emissions with precision and conducting adversary activities in dense electromagnetic environments.

Shakti Electronic warfare systems will be used on warships belonging to the Indian Navy. 

This project will create an employment figure of 2.5 lakh man-days over a time of four years through cooperation that includes more than 150 industrial partners. 

This includes Micro, Small and Medium Enterprises.

Company’s Share Condition: 

On Wednesday, the third trading day of the week, the share price of Bharat Electronics Limited was Rs 182.

In January 2024, the share price went up to Rs 196.25. This is the 52-week peak of the share. In the previous year, during March, the share price was 89.68.

This is the stock’s 52-week low. The market cap of the company is Rs 1,31,539 crore.

Condition Of The Stock Market

Meanwhile, the market was bullish on Tuesday. BSE’s 30-share index Sensex closed at 71,555.19 points, rising by 482.70 points or 0.68 percent.

During trading full of ups and downs, the Sensex reached a high of 71,662.74 points and a low of 70,924.30 points.

National Stock Exchange (NSE) index Nifty increased to 127.20 points (or 0.59 percent, and ended at 21,743.25 points.

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₹ 1,29,091 Cr.
Current Price₹ 179.85
52-wk High₹ 196
52-wk Low89.6
Stock P/E36.81
Book Value₹ 20.3
Dividend1.00 %
ROCE29.9 %
ROE22.8 %
Face Value₹ 1.00
P/B Value8.71
OPM25.2 %
EPS₹ 4.88
Debt₹ 61.4 Cr.
Debt to Equity0.00

Bharat Electronics Limited (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 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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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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