Synopsis:
Large-cap Defence stock is in focus today after receiving Defence equipment orders worth Rs. 732 crore.
A Large-cap company that manufactures and supplies electronic equipment and systems to the defence sector, is in the spotlight after receiving Defence equipment orders worth Rs. 732 crore.
With the market capitalization of Rs. 3,11,542.77 crore, the shares of Bharat Electronics Ltd closed at Rs. 426.20, up by 3.98 percent from its previous day’s close price of Rs. 409.90. It has touched an intraday high of Rs. 427.25 in today’s trading session.
What’s the News?
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has received additional orders worth Rs. 732 crore since its last update on October 22, 2025. The major orders include Software Defined Radios, tank subsystems, communication equipment, missile components, financial management software, cybersecurity solutions, upgrades, spares, and services.
Financial Outlook
Bharat Electronics Ltd (BEL) reported a strong performance in Q2FY26 with revenue rising 25.7 percent year-on-year to Rs. 5,792 crore from Rs. 4,605 crore in Q2FY25 and up 30.5 percent quarter-on-quarter from Rs. 4,440 crore in Q1FY26. Net profit grew 17.8 percent YoY to Rs. 1,287 crore from Rs. 1,093 crore, and 32.8 percent QoQ from Rs. 969 crore, reflecting robust operational growth and improved execution across key defence projects.
A return on equity (ROE) of about 29.2 percent and a return on capital employed (ROCE) of about 38.9 percent demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 56.5x lower as compared to its industry P/E 67.4x.
About the Company
Bharat Electronics Limited (BEL), founded in 1954 and headquartered in Bengaluru, designs, manufactures, and supplies advanced electronic systems for defense and civilian sectors. Its portfolio includes radars, communication systems, electronic warfare, avionics, and weapon systems, along with non-defense products like e-governance, solar, and telecom solutions. BEL also offers electronic manufacturing, cybersecurity, and software services, exporting to several countries including the US, UK, France, and Israel.
As of September 2025, the company’s shareholding pattern shows that promoters hold 51.14 percent of the total equity, indicating strong promoter ownership. Foreign Institutional Investors (FIIs) hold 18.56 percent, while Domestic Institutional Investors (DIIs) own 20.60 percent. The public shareholding stands at 9.70 percent, reflecting a healthy level of retail and institutional participation in the company.
Written by Akshay Sanghavi
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