In Tuesday’s trading session, shares of one of the leading PSU enterprise under the Ministry of Defence, specializing in the design, development, and manufacturing of advanced electronic products and systems, jumped up to 3 percent upon receiving an additional work orders worth Rs. 561 crores.
Price action
With a market capitalization of Rs. 1,89,725 crores on Tuesday, the shares of Bharat Electronics Limited is trading at Rs. 262.75 up by 2.3 percent making a high of Rs.265.95 per share compared to its previous closing price of Rs. 259 per share.
What Happened
Bharat Electronics Limited specialized in the design, development, and manufacturing of advanced electronic products and systems has received an additional work order Rs. 561 crores since its last disclosure.
The major orders include advanced communication equipment, electro-optics, upgrades for satellite communication networks, radar and fire control systems, and various spares and services. With these new additions, BEL’s total order book for the current financial year has now reached an impressive Rs. 10,362 Crores.
About the Company
Bharat Electronics Limited (BEL) is a premier public sector enterprise under the Ministry of Defence, Government of India, recognized as a leader in the development and manufacturing of advanced electronic products for various sectors, including defense, aerospace, telecommunications, and security.
BEL has a strong legacy of delivering high-tech solutions that support national security and industrial growth. The company specializes in designing and producing a wide range of products such as radar systems, communication equipment, missile systems, electronic warfare systems, and more.
Key Highlights for FY 2023-24
Bharat Electronics Limited (BEL) reported a turnover of Rs. 19,820 Crore and a PAT of Rs. 4,020 Crore for FY 2023-24. The company’s net worth reached Rs. 16,082 Crore, with orders won totaling Rs. 35,046 Crore. BEL’s total order book stood at Rs. 75,934 Crore, and it achieved an EBITDA of Rs. 4,998 Crore. The company spent Rs. 650 Crore on CAPEX and invested Rs. 1,236 Crore in R&D to drive innovation and growth.
Shareholding Pattern
The ownership structure of Bharat Electronics Limited (BEL) is as follows: the promoters hold 51.14 percent, Foreign Institutional Investors (FIIs) own 17.27 percent, Domestic Institutional Investors (DIIs) control 20.22 percent and the public holds 11.38 percent.
Financials
The company’s revenue rose by 14.87 percent from Rs 4,146.12 crore to Rs 4,762.66 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 789.35 crores to Rs 1,092.45 crore during the same period.
Key Financial ratios
Bharat Electronics Limited (BEL) Limited has an impressive Return on Equity (RoE) of 25.71 percent and a Return on Capital Employed (RoCE) of 33.71 percent. Furthermore, the company’s debt-to-equity ratio is 0.
Written by Sridhar J
