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HomeINVESTMENT₹214 Defense PSU Stock; 30,000 Crore So Far Orders; Massive Strong Order...

₹214 Defense PSU Stock; 30,000 Crore So Far Orders; Massive Strong Order Book

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Defence PSU Stocks to Buy: Shares of defence sector company Bharat Electronics Limited(NSE: BEL) had a strong start on Thursday (7 March). 

Based on a strong order book and strong revenue outlook, the stocks reached an all-time high as soon as the market opened.

Defence stock BEL, which has grown almost 200 per cent in 2 years and doubled its money in a year, is ready to run further. 

Brokerage house has advised to buy on BEL. Also, the target has been increased significantly by about 25 percent.

BEL: Defence PSU Stock To Touch ₹257

Brokerage maintains BEL buy advisory. Additionally, the target per share has been increased from Rs.205 to 257 rupees.

On March 6, 2024, the share price closed at Rs 210. In this manner, the stock could earn an impressive return of about 22 rupees from its currently quoted price.

If we look at the performance of BEL stock (BEL Stock Price History), this stock has increased by more than 120 percent in the last year. 

At the same time, in the last 2 years, this share has given strong returns of about 200 percent to the investors. 

The return on shares in 6 months is more than 50 percent. On Thursday (March 7), BEL rose by more than 1 percent in the initial session. 

The share reached a record high in the amount of 215.35. It is also the 52-week highest of the share. The 52-week low of the share is 89.68.

BEL: What Is The Brokerage’s Opinion?

The Brokerage says, in FY24 the company has received much more orders than the market expected. This company has already received orders of Rs 30000 crore.

Whereas the expectation was for an order worth Rs 27100 crore. The company’s order book will be Rs 31000 crore by the end of FY24. 

There is an increase of 50% (YoY) in the order book. Orders may reach Rs 50000 crore in FY25/26.

The brokerage says that the government continues to focus on the defence sector. Because of this, there’s an upswing in several order books.

Due to a strong order book, better income is expected in future. The company’s earnings are predicted to rise by 14% in FY25/26.

They has boosted the estimates for its order book for the second time in the span of just three months. 

The PE multiple of the company has been increased from 30 to 35. The stock is still trading at a 10% discount to the industry.

About Bharat Electronics Limited (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 Limited

Market Cap₹ 1,56,064 Cr.
Current Price₹ 214.05
52-wk High₹ 215
52-wk Low89.6
Stock P/E43.7
Book Value₹ 20.3
Dividend0.84 %
ROCE29.9 %
ROE22.8 %
Face Value₹ 1.00
P/B Value10.5
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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