BEL Analyst Rating
based on 24 analysts
84.00%
Buy
4.00%
Hold
12.00%
Sell
Based on 24 analysts offering long term price targets for BEL. An average target of ₹331.54
Source: S&P Global Market Intelligence
BEL Share analysis
BEL price forecast by 24 analysts
Upside of17.50%
High
₹380
Target
₹331.54
Low
₹213
BEL target price ₹331.54, a slight upside of 17.5% compared to current price of ₹282.15. According to 24 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
BEL revenue growth forecast
Expected growth rate Q1, FY2027:57.35%
Forecast
Actual
Including amortisation and stock based compensations
BEL EPS growth forecast
EPS estimate Q1, FY2027:63.12%
Forecast
Actual
Source: S&P Global Market Intelligence
BEL Performance
Day's Low
Day's High
₹274.05Day's Price Range₹283.952 Week's Low
52 Week's High
₹171.7552-Week Price Range₹340.5
| Returns % | |
| 1 Month Return | -7.13 % |
| 3 Month Return | -1.74 % |
| 1 Year Return | + 49.92 % |
| Market Stats | |
| Previous Close | ₹276.15 |
| Open | ₹275.45 |
| Volume | 1.27Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹2,01,859.54Cr |
BEL Key Statistics
| P/E Ratio | 45.43 |
| PEG Ratio | 27.37 |
| Market Cap | ₹2,01,859.54 Cr |
| P/B Ratio | 9.16 |
| EPS | 5.39 |
| Dividend Yield | 1.09 |
| Sector | Aerospace & Defence |
| ROE | 27.1 |
BEL Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹2,01,859.54 Cr | 141.23% | 0.53 | ₹3,943 Cr | ₹20,268 Cr | |
| HOLD | ₹2,14,030.20 Cr | 57.69% | 0.53 | ₹1,961 Cr | ₹19,553 Cr | |
| BUY | ₹2,62,076.20 Cr | 184.37% | 0.65 | ₹7,620 Cr | ₹30,381 Cr | |
| BUY | ₹44,040.65 Cr | 146.72% | 0.75 | NA | NA |
About BEL
BEL has a diverse range of products and services catering to both military and civilian markets, including homeland security solutions, electronic voting machines, and telecom products. The company operates primarily in India but has also expanded its footprint internationally, with a presence in countries like the United States, Germany, and Russia. A notable fact about BEL is its role as one of the key suppliers of defense electronics to the Indian military. The company is wholly owned by the Government of India, which acts as its parent company.
Share Price: ₹282.15 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹2,01,859.54Cr as of today
Revenue: ₹4,604.90Cr as on September 2024 (Q3 24)
Net Profit: ₹1,083.88Cr as on September 2024 (Q3 24)
Listing date: 14 Oct, 1996
Chairperson Name: Bhanu Prakash Srivastava
| Organisation | BEL |
| Headquarters | Bangalore |
| Industry | Aerospace & Defence |
| E-voting on shares | Click here to vote |
Key events for Bharat Electronics Ltd
Motilal Oswal Optimistic on BEL's Growth Prospects - 17 Jan, 2025
Bharat Electronics Ltd (BEL) is experiencing positive sentiment with a strong order book and market leadership in defense electronics. Motilal Oswal maintains a Buy rating, targeting Rs 360, anticipating significant growth driven by upcoming defense orders and indigenization efforts. Despite slight gains, investors remain cautious amid market fluctuations.Bharat Electronics Maintains Positive Outlook Amid Growth - 15 Jan, 2025
Bharat Electronics Ltd (BEL) remains a favored stock among brokerages, with a positive outlook driven by strong order backlog, government support for domestic manufacturing, and impressive Q2FY25 results. Analysts maintain a BUY rating with a target price of Rs 323, citing potential for further re-rating.BEL Secures Significant Orders, Total Order Book Grows - 13 Jan, 2025
Bharat Electronics Ltd has secured orders worth Rs 561 crore, bringing its total order book for FY25 to Rs 10,362 crore. The company aims for an annual target of Rs 25,000 crore, indicating strong demand in defense and electronics sectors.BEL Focuses on Innovation and Upcoming Earnings - 11 Jan, 2025
Bharat Electronics Limited (BEL) is set to announce its Q3 FY25 earnings on January 30, 2025, after reporting a significant profit increase. Vice President Dhankhar highlighted the need for authentic research and innovation in the semiconductor sector during the BEL R&D Award Ceremony.Bharat Electronics Reports Strong Growth in Orders and Profits - 09 Jan, 2025
Bharat Electronics Limited's shares traded at Rs. 280.60, down 0.50%. The company reported a 14.87% revenue increase and a 38.35% rise in net profit for FY24. It aims for Rs. 25,000 crore in total order inflows this fiscal year.Bharat Electronics Reports Strong Growth Amid Market Dip - 04 Jan, 2025
Bharat Electronics Ltd reported a 13.65% increase in turnover for FY 2023-24, driven by significant orders and a 92% rise in exports. Despite a 1.6% drop in share price, Q2FY25 showed a 15% revenue increase and a 39% rise in net profit.Analyst Optimistic on Bharat Electronics Ltd's Growth - 03 Jan, 2025
Bharat Electronics Ltd (BEL) shares have risen over 60% in the past year. Analyst Amit Anwani sets a price target of ₹341, indicating a potential 16% upside. BEL's order intake is projected at ₹25,000-30,000 crore annually, with strong order book growth. Currently, 21 out of 26 analysts recommend a Buy rating on BEL. The stock is trading near ₹294.30, up 1% in 2025.Bullish Outlook for Bharat Electronics Ltd Stock - 02 Jan, 2025
Bharat Electronics Ltd shows a bullish trend with a recent Bullish Engulfing pattern on the daily chart. The price uptrend is supported by strong volumes, and the RSI indicates a positive setup, suggesting that the stock's upward momentum is likely to continue.Bharat Electronics Stock Rebounds After Decline - 31 Dec, 2024
On December 31, 2024, Bharat Electronics stock rose by 3.0%, reversing a two-day decline and outperforming its sector and the Sensex. The stock is consolidating near Rs 285, with potential to retest Rs 300 if it breaks Rs 290.Bharat Electronics Shares Decline Amid Outflows - 30 Dec, 2024
Bharat Electronics experienced a 0.96% drop in share price, trading at ₹289.35, amid expectations of $19 million in overall outflows due to quarterly adjustments.Bharat Electronics Receives Strong Order Boost - 28 Dec, 2024
The Ministry of Defence's large orders for defence PSUs enhance Bharat Electronics' order book and revenue visibility. A brokerage sets a target price of Rs 373 for its shares.Mitsubishi Electric Partners with Bharat Electronics - 27 Dec, 2024
Mitsubishi Electric Corporation has signed a memorandum of understanding with Bharat Electronics Limited to explore joint business opportunities in defense and space sectors, indicating potential growth for the company.Bharat Electronics Benefits from Defence Acquisition Approval - 26 Dec, 2024
The Indian Defence Acquisition Council has approved capital acquisition proposals exceeding Rs 21,772 crore, with Bharat Electronics Ltd. being a key beneficiary.BEL Secures Significant New Orders Worth Rs 973 Crore - 23 Dec, 2024
Bharat Electronics Limited (BEL) has secured new orders worth Rs 973 crore, increasing its FY25 order book to Rs 9,801 crore. Despite this, it represents only 40% of the projected Rs 25,000 crore guidance for the year. The stock rose approximately 1.15% following the announcement, reflecting strong investor interest.Indian Army and BEL Launch Advanced AI Hub - 19 Dec, 2024
The Indian Army and Bharat Electronics Limited (BEL) have collaborated to establish an advanced AI hub in Bengaluru, enhancing operational capabilities and skills through AI technology.
Insights on Bharat Electronics Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 2 quarters, 791.0 Cr → 1.09K Cr (in ₹), with an average increase of 27.6% per quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 10.82% to 11.38% in Sep 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 4.44K Cr → 4.76K Cr (in ₹), with an average increase of 6.6% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 51.14% of holdings in Sep 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Zen Technologies Ltd has given 923.1% return, outperforming this stock by 669.3%
- NO EFFECT
Against Peers
In the last 1 year, Zen Technologies Ltd has given 197.5% return, outperforming this stock by 159.9%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 17.43% to 17.27% in Sep 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 16.08% to 15.81% in Sep 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 1 month, BEL stock has moved down by -17.9%
News
Motilal Oswal Sees 30% Growth for Bharat Electronics Stock
Expecting Bharat Electronics (BEL) market share to grow in the coming years, domestic brokerage firm Motilal Oswal has shared its optimistic view on the stock, maintaining a buy rating on the same with a target price of Rs 360, indicating potential growth of 27.5%. With various large platform orders likely to be finalized over the next 1-3 years, we expect defense PSUs to garner a larger share of ordering, and within that we expect BEL to benefit from the increased scope of its offerings via indigenization. We thus expect BEL's market share to continue growing in the coming years and anticipate that it will clock faster growth than the growth in capex in the defense market, said Motilal Oswal in its report. BEL is a market leader in the highly specialized defense electronics market with nearly 60% share. In the overall defense market, the company has consistently improved its revenue market share over the last four years, reaching 12.8% in FY24. Additionally, over the past year, BEL has been a potential vendor for multiple DAC-granted AoNs. Despite increasing private sector participation in defense orders, BEL is well-positioned to secure larger contracts due to its expertise in defense electronics, established vendor base, and expanded product portfolio. BEL also increased procurement from Indian MSEs to 37.3% in FY24, up from 32.0% in FY23. The domestic brokerage firm further noted that various large platform projects by DRDO are lined up or in the process of being finalized in the next 1-3 years. As a PSU and a market leader in defense electronics, we anticipate that a major share of orders for radar systems, TR modules, EW systems, and subsystems related to these projects will be awarded to BEL, said the report. Similarly, for radars, BEL is qualified for Uttam AESA radar integration into Tejas MK1 and later for Tejas MK2. The company anticipates a significant influx of orders from the QRSAM system during FY26, the analysts at Motilal Oswal noted. BEL reaffirmed its FY25 order inflow target of Rs 250 billion during its 2QFY25 results, with Rs 100 billion secured year-to-date. The company anticipates securing the remaining Rs 150 billion in 4QFY25, primarily from radars, the EW suite, Atulya, and Shakti EW projects, which are in advanced negotiation stages and expected to be awarded in the second half of the fiscal year. Even if these orders are delayed to 1QFY26, FY25 revenue estimates are unlikely to be significantly impacted due to BEL's strong existing order book. Management also anticipates the QRSAM order inflow in FY26. Furthermore, BEL continues to prioritize strategic alliances, technology tie-ups, MoUs, and in-house R&D to enhance market access and enter new domains. In FY24, the company filed 146 IPRs (including 82 patents) across various technology areas, including communications, AI, radars, and embedded systems, and was granted 161 patents, bringing its total patent portfolio to 208. Despite all these growth factors for BEL, the domestic brokerage firm has also noted some key risks and concerns. These are: a slowdown in order inflows from the defense and non-defense segments, intensified competition, further delays in the finalization of large tenders, a sharp rise in commodity prices, and delays in payments from the MoD can adversely impact our estimates on revenue, margins, and cash flows. The shares of BEL closed 2.2% higher at Rs 282.15 on the BSE today.17 Jan, 2025 05:01 PMDefence Stocks Rally Amid Weak Market; BDL, HAL, GRSE Gain
MOFSL said they continue to remain positive on BEL given its market leadership in defence electronics and its ability to benefit from defence indigenisation. Moreover, the upcoming large defence platform orders (QRSAM, MRSAM, Tejas Mk1A, naval platforms, etc.), coupled with a strong order book of Rs 74,600 crore as of Q2FY25-end, provide a healthy visibility on revenue, stable margins and control over working capital, and healthy return ratios. The brokerage firm reiterated its Buy rating on BEL with a target price of Rs 360 per share.17 Jan, 2025 01:27 PMBharat Electronics Ltd. Among Top Picks for 2025 by Motilal Oswal
Shares of state-run Bharat Electronics Ltd. (BEL) are trading with gains of up to 3% on Friday. Motilal Oswal said BEL is among its top stock pick for 2025. The brokerage firm reiterated a Buy recommendation on the stock, with a price target of 360 per share, suggesting a potential upside of over 30% from the current levels. Motilal continues to remain positive on BEL, given its market leadership in defense electronics and ability to benefit from defense indigenisation as well as from the upcoming large defense platform orders. Additionally, BEL has a strong order book of 74,600 crore as of Q2FY25-end, providing healthy visibility on revenue, stable margins and control over working capital, and healthy return ratios. Despite BEL's overall YTD (year-to-date) FY25 orders of 10,300 crore being lower than last year's, the brokerage expects the company to gain from the further ramp-up in defense orders in the coming months. The recent DAC approvals augur well for the sector and emphasise the government's focus on defense indigenisation. The company is focusing on improving the share of exports and non-defense projects in the overall order book. The brokerage wrote in its note that it expects BEL's market share to continue growing in the coming years and anticipates that the company will clock faster growth than the growth in capex in the defense market. While the share of private companies in defense orders is increasing, BEL has the potential to secure larger-sized orders by leveraging its strong domain knowledge and core competencies in defense electronics. Motilal has tweaked its estimates and expects a 17% sales, 18% EBITDA, and a 20% profit compound annually over FY24-27. We expect OCF/FCF to remain strong over FY25-27, led by control over working capital. Further, the company had a cash surplus of 11,000 crore (as of FY24), providing scope for further capacity expansion, it said. The brokerage house will reevaluate its estimates if overall ordering in the defense sector remains weak over the next few quarters. A slowdown in order inflows from the defense and non-defense segments, intensified competition, further delays in the finalisation of large tenders, a sharp rise in commodity prices, and delays in payments from the MoD can adversely impact estimates on revenue, margins, and cash flows, as per the brokerage. Among the 26 analysts that have coverage on the Nifty PSU stock, 21 of them have a Buy rating on BEL, while two have a Hold rating and three have Sell rating on the stock. Shares of BEL are currently trading 1.16% higher on Friday at ₹279.35. Despite this gain, the stock is down 5% so far this year.17 Jan, 2025 11:29 AMBEL Financials
Index Inclusions
BEL Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 51.14% | 0.00 | |
| Foreign Institutions | 17.27% | ||
| Mutual Funds | 15.81% | ||
| Retail Investors | 11.38% | 5.16 | |
| Others | 4.4% |
BEL Key Indicators
BEL Valuation
BEL in the last 5 years
Lowest (7.97x)
May 8, 2020
Today (45.43x)
January 17, 2025
Industry (53.49x)
January 17, 2025
Highest (58.47x)
June 3, 2024
BEL Earnings and Dividends
Bharat Electronics Ltd Earnings Results
Bharat Electronics Ltd’s net profit jumped 38.4% since last year same period to ₹1,092.45Cr in the Q2 2024-2025. On a quarterly growth basis, Bharat Electronics Ltd has generated 38.11% jump in its net profits since last 3-months.
Read More about Earnings ResultsBharat Electronics Ltd Dividends May,2024
In the quarter ending March 2024, Bharat Electronics Ltd has declared dividend of ₹0.80 - translating a dividend yield of 0.99%.
Read More about Dividends
BEL Technicals Summary
Bearish
Neutral
Bullish
Bharat Electronics Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on Bharat Electronics Ltd
Bharat Electronics Ltd share price today stands at ₹282.15, Open. ₹275.45 ; Previous Close. ₹276.15 ; High. ₹283.9 ; Low. ₹274.05 ; 52 Week High. ₹340.5 ; 52 Week Low: ₹171.75.
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Bharat Electronics Ltd is listed on NSE
Bharat Electronics Ltd is listed on BSE
- Today’s highest price of Bharat Electronics Ltd is ₹283.9.
- Today’s lowest price of Bharat Electronics Ltd is ₹274.05.
PE Ratio of Bharat Electronics Ltd is 45.43
PE ratio = Bharat Electronics Ltd Market price per share / Bharat Electronics Ltd Earnings per share
Today’s traded volume of Bharat Electronics Ltd(BEL) is 1.27Cr.
Today’s market capitalisation of Bharat Electronics Ltd(BEL) is ₹201859.54Cr.
| Bharat Electronics Ltd(BEL | Price |
|---|---|
52 Week High | ₹340.5 |
52 Week Low | ₹171.75 |
Bharat Electronics Ltd(BEL) share price is ₹282.15. It is down -17.14% from its 52 Week High price of ₹340.5
Bharat Electronics Ltd(BEL) share price is ₹282.15. It is up 64.28% from its 52 Week Low price of ₹171.75
| Bharat Electronics Ltd(BEL | Returns |
|---|---|
1 Day Returns | 6% |
1 Month Returns | -7.13% |
3 Month Returns | -1.74% |
1 Year Returns | 49.92% |