This Defence stock engaged in designing, manufacturing, and supplying advanced electronic systems for defence and civilian sectors, jumped 2 percent after securing an order worth Rs. 2463 crore from the Indian Air Force.
Stock Price Movement:
With a market capitalization of Rs. 2,05,697.18 crores, the share of Bharat Electronics Limited has reached an intraday high of Rs. 283.50 per equity share, rising nearly around 2.44 percent from its previous day’s close price of Rs. 276.75. Since then, the stock has retreated and is currently trading at Rs. 281.40 per equity share.
What Happened:
Bharat Electronics Limited (BEL) has received an order worth Rs. 2,463 crore from the Indian Air Force for the supply and servicing of Ashwini Radars. These radars, developed in collaboration with DRDO, feature advanced AESA technology and can perform 4D surveillance. They are capable of detecting and tracking various aerial targets, including fighter aircraft. This order adds to BEL’s growing order book, which now stands at Rs. 17,030 crore for the current financial year.
Order Book
As of January 1, 2025, the company’s current order book is valued at Rs. 71,100 crores. For the financial year 2025, the company has set a target of Rs. 25,000 crores for new orders. So far, it has secured around Rs. 17,030 crores in orders.
Future Outlook:
The management is optimistic about achieving a revenue growth of over 15 percent for FY25, with EBITDA margins ranging between 23 percent and 25 percent. They expect total order inflows to exceed Rs. 25,000 crores, driven by ongoing projects and new contracts.
The QRSAM project is expected to be secured in the next 6-8 months, with an estimated order value of Rs. 25,000 crores to Rs. 30,000 crores. Additionally, orders for MRSAM and MFSTAR related to next-generation corvettes are expected in the next fiscal year, with an anticipated value of Rs. 14,000 crores to Rs. 15,000 crores.
Recent quarter results:
Bharat Electronics Limited’s revenue has increased from Rs. 4,162 crore in Q3 FY24 to Rs. 5,771 crore in Q3 FY25, which has grown by 38.66 percent. The net profit has also grown by 52.56 percent from Rs. 860 crore in Q3 FY24 to Rs. 1,312 crore in Q3 FY25.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
