On Thursday, Bharat Electronics filed a stock exchange filing declaring that it has secured additional orders worth over ₹570 crore since February 20. Following this, BEL’s accumulated orders have reached ₹13,724 crore this fiscal, prompting an upward trend in BEL share price.
The major orders received by the Navratna public centre undertaking include an advanced composite communication system for submarines and a series of airborne electronic warfare products. The order also comprises doppler weather radars and train communication systems.
As of March 7, 2024, at 9:27 a.m. BEL’s shares were trading at ₹277.60 on the NSE. The company has a market capitalisation of ₹2.03 lakh crore, and reported a 53% growth in net profits in Q3 of FY 2024-25. It also reported a a 39% year-on-year growth in its revenues, that reached ₹5,771 crore.
The strong financial position of the company has made investors bullish on its long-term growth prospects, thereby creating a bullish market sentiment. As the Indian government bolsters its focus on enhancing its defence capabilities, the company is expected to get more business and enhance its return on equity (ROE).
On February 20, BEL received orders worth ₹1,292 crore, which included a demand for data communication terminals and software-defined radios from the Ministry of Defence worth ₹1,034 crore.
On March 5 this year, the company also announced a dividend of ₹1.5 per share for its equity shareholders for FY 2024-25. The company’s Board of Directors are also expected to pay interim dividend to its shareholders post-March 11, 2025, after reviewing their list of shareholders on the record date.
Bharat Electronics has secured significant orders, which has reinforced its long-term potential. The company’s robust business performance has made it popular among long-term investors, thereby creating a positive market sentiment and increasing its share price.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 7, 2025, 10:13 AM IST
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