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Business Standard
21-05-2025
- Business
- Business Standard
PSU defence stock hits new high on heavy volumes; zooms 24% in 2 weeks
Bharat Electronics share price today Share price of Bharat Electronics (BEL) hit a new peak of ₹379.90 today, gaining 4 per cent on the BSE in Wednesday's intraday trade amid heavy volumes, as strong order book position provided healthy revenue visibility going forward. In the past two weeks, the stock price of the 'Navratna' defence public sector undertaking (PSU) company has rallied 24 per cent. Moreover, BEL share price has bounced back 51 per cent from its previous month low of ₹252.25, touched on April 7, 2025. At 10:43 AM, BEL shares were trading 3.9 per cent higher at ₹378 as compared to 0.95 per cent rise in the BSE Sensex index. Around 37.66 million equity shares have, together, changed hands on the NSE and BSE. Catch Stock Market LIVE Updates Today BEL Q4 results BEL reported a 15 per cent year-on-year (Y-o-Y) rise in net profit at ₹2,127 crore for the fourth quarter of financial year 2024–25 (Q4FY25). The company had posted a profit of ₹1,796.67 crore in the corresponding quarter of the previous financial year. The company reported a 6 per cent Y-o-Y increase in revenue from operations, which stood at ₹9,149.59 crore in Q4FY25, compared to ₹8,564.08 crore in Q4FY24. BEL order book As on April 1, 2025, the total order book of BEL stood at around ₹71,650 crore, including export order book of $359 million. On May 16, 2025, BEL announced that it has secured additional orders worth ₹572 crore. The major orders received by BEL include Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI based solutions for ships, simulators, communication equipment, jammers, spares, services etc. Earlier, on April 7, 2025, BEL announced that it has signed a deal with the Defence Ministry, worth ₹2,210 crore, for the supply of Electronic Warfare (EW) Suite for Mi 17 V5 Helicopters of Indian Air Force (IAF). In FY25, BEL secured orders worth ₹18,715 crore. Some of the major orders received during FY25 were BMP II Upgrade, Ashwini Radar, Software Defined Radios, Data link, Multi-Function Radars, EON 51, Seekers, Anti drone system, Airport Surveillance Radar, Sonar Upgradation, Flycatcher spares, Radar upgradation, Spares and Services etc and other projects in Non-defence sector. Order inflows for FY26 is estimated around ₹27,000 crore, excluding Quick Reaction Surface-to-Air Missile (QRSAM) order (worth ₹30,000 crore). QRSAM order is expected to be booked in Q4FY26. However, there might be some delay and may slip to Q1FY27, BEL said. The Management has guided for revenue growth of 15 per cent for FY26. It is also confident to maintain earnings before interest, taxes, depreciation and amortisation (Ebitda) margins at 27 per cent level, driven by increasing indigenise components in its subsystems and operating leverage. The Government's growing capital budget allocation and continued focus on increasing India's defence product manufacturing capability are expected to support the order inflow for BEL in the medium to long term. Additionally, the Government of India's increased focus on increasing indigenous procurement under 'Atmanirbhar Bharat' provides a unique opportunity for BEL to build its future revenue streams through development of domestic capabilities, according to analysts. ALSO READ | Brokerage View: JM Financial Institutional Securities on BEL The brokerage remains positive on BEL given the strong order backlog (₹71,600 crore), which provides revenue visibility. Besides, sustained steady margin profile, healthy order prospects, increasing business opportunity from Indian Navy (indigenization and increasing fleet), continuous focus on diversification (including anti-drone system) & exports markets and indigenisation push by the government of India augur well for the defence stock. Strengthening vendor/supplier base along with internal process improvement will help company to execute projects faster. Capex planned to be ₹1,000 crore/year for next couple of years towards capacity expansion. BEL continues to explore new growth opportunities through diversification, capability enhancement, competitiveness, modernization and export initiatives. Factoring in strong EBITDA margin guidance, analysts at the brokerage have revised their EPS estimates upwards by 3.6 per cent/4.3 per cent for FY26/27E. The brokerage firm expects revenue and profit after tax (PAT) to see a compounded annual growth rate (CAGR) of 16 per cent/12 per cent over FY25-27E. Analysts maintain a 'Buy' rating on BEL stock with a revised target price of ₹405 (₹360 earlier), valuing it at 45x FY27E (42x FY27E EPS earlier), on the back of a strong defence outlook and order pipeline. ALSO READ | About BEL BEL, a Navratna DPSU, was established in 1954 under the Ministry of Defence, the GOI, to cater to the electronic equipment requirements of the defence sector. The GOI remains BEL's largest shareholder with the current shareholding of 51.14 per cent. BEL is the dominant supplier of radar, communication and electronic warfare equipment to the Indian armed forces. The company has nine manufacturing units across India and two research units. The Bangalore and the Ghaziabad units are BEL's two major units, with the former contributing to the largest share of the company's total revenues and profits.
News18
20-05-2025
- Business
- News18
BEL Dividend Announcement 2025: Defence PSU Declares 90% Final Dividend In Q4
Last Updated: BEL Final Dividend 2025: BEL reported that its PAT for the quarter ended March 31, 2025 stood at Rs 2,104.78 crore, up 18 per cent year-on-year. Bharat Electronics (BEL) Final Dividend 2025: Bharat Electronics Limited (BEL) has recommended a final dividend of Rs 0.90 per equity share (at the rate of 90 per cent) on the face value of Rs 1 each for the financial year 2024-25. PSU said the proposed dividend is subject to the approval of the shareholders in the next Annual General Meeting of the Company. On Tuesday, BEL shares rose 1 per cent intraday to Rs 369.80 apiece. The scrip opened at Rs 369.05 apiece. BEL is part of BSE 100 with a market cap of Rs 2.67 lakh crore. BEL board will announce the record date and payment date for the aforesaid dividend in due time. BEL Q4 Results BEL reported that its PAT for the quarter ended March 31, 2025 stood at Rs 2,104.78 crore, up 18 per cent year-on-year from Rs 1,783.52 crore in the corresponding quarter of the previous fiscal year. Its consolidated revenue for FY25 stood at Rs 24,511.11 crore, up 17 per cent YoY from Rs 20,938 crore in FY2023-24. BEL Gets Rs 572 Cr Order Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs. 572 Crores since the last disclosure on 07th April 2025. Major orders received include Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI-based solutions for ships, simulators, communication equipment, jammers, spares, services etc. In December 2024, Bharat Electronics Limited (BEL) reported a revenue of Rs 5,756.12 million, compared to Rs 4,583.41 million in September 2024, and Rs 20,169.39 million for the fiscal year 2023-2024. The net profit for December 2024 was Rs 1,316.06 million, which increased from Rs 1,091.27 million in September 2024, and amounted to Rs 4,020.00 million for the fiscal year. The earnings per share (EPS) for December 2024 were Rs 1.81, up from Rs 1.49 in September 2024, with a cumulative figure of Rs 5.50 for the fiscal year 2023-2024. The cash EPS for the same period was Rs 1.94, compared to Rs 1.63 in September, and Rs 6.06 for the fiscal year. The operating profit margin (OPM) for December was 32.29%, slightly lower than the 33.93% in September but higher than the fiscal year average of 28.53%. Similarly, the net profit margin (NPM) stood at 22.86% in December, marginally down from 23.81% in September, yet up from the 19.93% recorded for the fiscal year. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: May 20, 2025, 12:42 IST
Mint
17-05-2025
- Business
- Mint
BEL shares to be on focus on Monday post ₹572 Crore Defence order inflow including those for Drone detection system
Defence Stock: BEL share price will come in focus on Monday as it announced ₹ 572 Crore Defence sector order inflow. The Bharat Electronics order includes those for Integrated Drone Detection and Interdiction System too Bharat Electronics or BEL share price has remained in focus with the escalation of India Pakistan conflict and the Operation Sindoor launched. Even though the agreement for cease fire between India and Pakistan was made, the focus continues on Defence stocks as Defence sector orders are increasing . The outlook also remains firm for rise in Export orders Bharat Electronics or BEL also is seeing rise in order flows and it has announced series of Defence sector order wins. As per Bharat Electronics or BEL intimation to the National Stock Exchange of India and the BSE or Bombay Stock Exchange, it received RS 572 Crore order. As per Defence Public Sector Undertaking, Bharat Electronics Limited or BEL, it has secured additional orders worth Rs. 572 Crores since its last disclosure on 07th April 2025. Major orders received include those for Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI based solutions for ships, simulators, communication equipment, jammers, spares, services etc, said BEL in its release Earlier on 7 April 2025 as intimated by the BEL, the company had announced receiving Rs.2,210 Crores order for Electronic Warfare (EW) Suite from Indian Air Force". BEL's signed contract with Ministry of Defence is valued at Rs.2,210 Crores (excluding taxes) and was for the supply of EW Suite for Mi 17 V5 Helicopters of Indian Air Force. BEL manufactures these systems, which were created and developed domestically by DRDO and CASDIC. The EW Suite comprises Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS) and Counter Measure Dispensing System (CMDS) which significantly enhance the combat survivability of the helicopters along with effective counter measures. BEL shares have been in focus and had scaled 52 week or 1 year high of RS 371 on Friday, 16 May 2025. The BEL share price has gained more than 23% in last one month . The BEL share price though is up 46% during last one year, however BEL shares having risen more 1500% have given Multibagger returns to the investors
Mint
17-05-2025
- Business
- Mint
BEL shares to be on focus on Monday post ₹572 Crore Defence order inflow including those for Drone detection system
Defence Stock: BEL share price will come in focus on Monday as it announced ₹ 572 Crore Defence sector order inflow. The Bharat Electronics order includes those for Integrated Drone Detection and Interdiction System too Bharat Electronics or BEL share price has remained in focus with the escalation of India Pakistan conflict and the Operation Sindoor launched. Even though the agreement for cease fire between India and Pakistan was made, the focus continues on Defence stocks as Defence sector orders are increasing . The outlook also remains firm for rise in Export orders Bharat Electronics or BEL also is seeing rise in order flows and it has announced series of Defence sector order wins. As per Bharat Electronics or BEL intimation to the National Stock Exchange of India and the BSE or Bombay Stock Exchange, it received RS 572 Crore order. As per Defence Public Sector Undertaking, Bharat Electronics Limited or BEL, it has secured additional orders worth Rs. 572 Crores since its last disclosure on 07th April 2025. Major orders received include those for Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI based solutions for ships, simulators, communication equipment, jammers, spares, services etc, said BEL in its release Earlier on 7 April 2025 as intimated by the BEL, the company had announced receiving Rs.2,210 Crores order for Electronic Warfare (EW) Suite from Indian Air Force". BEL's signed contract with Ministry of Defence is valued at Rs.2,210 Crores (excluding taxes) and was for the supply of EW Suite for Mi 17 V5 Helicopters of Indian Air Force. BEL manufactures these systems, which were created and developed domestically by DRDO and CASDIC. The EW Suite comprises Radar Warning Receiver (RWR), Missile Approach Warning System (MAWS) and Counter Measure Dispensing System (CMDS) which significantly enhance the combat survivability of the helicopters along with effective counter measures. BEL shares have been in focus and had scaled 52 week or 1 year high of RS 371 on Friday, 16 May 2025. The BEL share price has gained more than 23% in last one month . The BEL share price though is up 46% during last one year, however BEL shares having risen more 1500% have given Multibagger returns to the investors Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
16-05-2025
- Business
- Time of India
BEL signs contract with Army for Indigenous Counter-Drone System, secures orders worth Rs 572 crore
Bharat Electronics Limited (BEL) and the Indian Army Air Defence have signed a contract for the Integrated Drone Detection and Interdiction System (IDDIS) on Friday. The system, developed jointly by the Defence Research and Development Organisation (DRDO) and BEL, marks a significant milestone under the Government of India's Make in India initiative. The IDDIS is designed to detect, track, and neutralise hostile drones, providing a crucial layer of protection against evolving aerial threats. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Jesus' Tomb Is Opened And Scientists Find Something Unbelievable Car Novels Undo "Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs 572 Crores since the last disclosure on 07th April 2025. Major orders received include Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI based solutions for ships, simulators, communication equipment, jammers, spares, services etc," said the press statement from BEL. Apart from this, Bharat Electronics Limited (BEL) manufactured and indigenously designed air defence system, Akashteer, has demonstrated its power during Pakistan's drone attacks, neutralising the threats as soon as they enter India's airspace and making it "hell for Pakistan's air adventures." Live Events Akashteer intercepted numerous drones, missiles, micro UAVs, and loitering munitions, emerging as a globally actionable defence asset. Lauding its effectiveness in real-world conflict, significantly enhancing India's air defence capabilities during recent tensions with Pakistan, BEL on Wednesday stated that the system had performed beyond its expectations, providing robust Air Defence to India during the current conflict. "BEL is proud to announce that our in-house designed & manufactured Air Defence System, Akashteer, has proved its mettle in the war field. Ground-based Defence Systems integrated with Akashteer made it hell for Pakistan's air adventures," the Navratna Defence PSU stated on X. "The system performed beyond users' expectations, providing robust Air Defence to India during the current conflict. Akashteer ensures a seamless & unified air situation picture accessible to the lowest operational units of Army AD, enhancing situational awareness across the force," it added. The Akashteer system, developed under a Rs 1,982 crore contract signed in March 2023, integrates surveillance assets, radar systems, and command units into a unified network, providing seamless situational awareness to the Indian Army's Air Defence units. Akashteer enables monitoring of low-level airspace over the Indian Army's battle areas and effectively controls Ground-Based Air Defence Weapon Systems. During the recent conflict following India's 'Operation Sindoor' on May 7, which targeted nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK), Akashteer neutralised numerous Pakistdrone and missile attacks, ensuring zero casualties and minimal material losses.
