BEL shares in focus after securing additional defence orders worth Rs 563 crore
ADVERTISEMENT The new orders span a range of critical defence equipment and systems, including the national maritime domain awareness system, inertial navigation systems for guns, and advanced communication equipment.
Other components of the order include active antenna array units, satcom interception systems, seekers, target acquisition systems, jammers, spares, and related services.
Also Read: Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returns
In June, BEL bagged defence orders worth over Rs 3,000 crore, including major contracts worth Rs 2,323 crore from Mazagon Dock Shipbuilders (MDL) and Garden Reach Shipbuilders & Engineers (GRSE). These deals involve the supply of base and depot spares for missile systems deployed on Indian naval vessels — crucial for sustaining operational readiness.On June 6, BEL entered into a strategic partnership with Tata Electronics to jointly explore opportunities in semiconductors and advanced electronics. The collaboration will focus on chip design, OSAT (Outsourced Semiconductor Assembly and Test), and fabrication, aligning with India's vision for self-reliance in critical technologies.
ADVERTISEMENT Bharat Electronics reported an 18.4% year-on-year (YoY) increase in net profit to Rs 2,127 crore for the fourth quarter, up from Rs 1,797 crore in Q4FY24.Revenue from operations rose 6.8% YoY to Rs 9,149.6 crore, compared to Rs 8,564 crore in the same period last year. On the operating front, EBITDA jumped 23.2% YoY to Rs 2,816 crore, from Rs 2,286 crore.
ADVERTISEMENT The EBITDA margin improved significantly to 30.8%, up from 26.7% in the year-ago quarter.
ADVERTISEMENT As per Trendlyne, the average target price for BEL is Rs 416, implying an upside of around 4% from current levels. Among the 24 analysts tracking the stock, the consensus rating is 'Buy'.
So far in 2025, BEL shares have surged nearly 35% and delivered a strong return of 216% over the past two years. The company's current market capitalisation stands at approximately Rs 2,91,038 crore.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
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