Live Bharat Electronics Share Price Chart

O 230

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L 230

VOL 245660

Bharat Electronics Performance

Days Range

Low: ₹226.00
High: ₹238.00
Previous Close ₹233.50
Open ₹230.00
Volume 5,02,65,106
Day’s Range ₹226.00 - ₹238.00
52W Range ₹100.00 - ₹238.00
Market Cap ₹1,70,646 Cr

Bharat Electronics Fundamentals

ROCE (TTM) 28.93
P/E Ratio (TTM) 47.84
P/B Ratio 11.52
Industry P/E 48.98
Debt to Equity 0
ROE 22.43
EPS (TTM) 4.88
Dividend Yield 0.77
Book Value 20.27
Face Value 1

Bharat Electronics Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales6,479.123,532.944,009.064,162.16
Expenses4,761.262,969.373,103.153,197.12
Profit before tax1,781.56702.731,041.461,131.95
Operating Profit1,366.38528.6780.73848.12
Net Profit1,366.38528.6780.73848.12
EPS in Rs1.90.741.081.17

About Bharat Electronics

History

Bharat Electronics Limited (BEL) was established in 1954 under the Ministry of Defence to meet the specialised electronic needs of the Indian Defence. The company was listed on BSE in 1993 after a successful IPO.  In the past years, it has also diversified into manufacturing multiple civilian products. The company’s customers in the Indian market include the Dept of Telecommunication, Paramilitary Forces, Railways, the Defence Research & Development Organisation, the Election Commission of India, and the list goes on. 

The company has now matured into a multi-product, multi-technology, multi-unit conglomerate empowering the nation’s armed forces with state-of-the-art products and systems in the areas of Radars and Fire Control Systems, Missile Systems, Communication & C4I systems, Electronic Warfare and Avionics, etc. As of FY 2022, BEL had 9 manufacturing units spanning Banglore, Ghaziabad, Pune, Machilipatnam, Panchkula, Chennai, Kotdwara, Hyderabad, and Navi Mumbai.

In 2021, it won the Business Standard Annual Awards for corporate excellence as  STAR PSU of the Year. In addition, the company won the Manufacturing Company of the Year Award’ and ‘The Woman Manufacturer of the Year Award’ by Manufacturing Today in 2022.

Business Segment

  • Defence Segment: The company provides products and services specifically for defence needs under this segment. These include Navigation Systems, Defence Communication products, Land-based Radars, Naval Systems, Electronic Warfare Systems, Avionics, Electro-Optics, Tank and armoured Fighting Vehicle Electronic Systems, Weapon Systems, C4I Systems, Shelters and masts, Simulators, Batteries and Components / Devices. During FY 2022, the segment has been a mainstay for the group and recorded a contribution of 90% to overall revenue.
  • Non-Defence Segment: The company deals with civilian requirements via this segment. The product and services comprise ​Cyber Security, E-Mobility, Railways, e-Governance Systems, Homeland Security, Civilian Radars, Turnkey Projects and Components / Devices. The segment derived 10% of revenue in FY 2022.
  • BEL Optronic Devices Limited (BELOP): It is a wholly-owned subsidiary of BEL, which is engaged in the manufacturing of Image Intensifier Tubes used in night vision devices and dewar assembly for cooled thermal imager applications.
  • BEL-THALES Systems Limited (BTSL): BEL possess a 74% stake in the company, and the subsidiary is involved in designing, developing, marketing, supplying and supporting Civilian and Select Defence Radars for Indian and Global markets and other end-users.
  • Defence Innovation Organisation (DIO): BEL holds 50% shareholding in the subsidiary. It is a ‘Not for Profit’ company to fund innovation in the Defence sector.

Corporate Action

  • In 2022, the company announced a bonus share issue of 487,31,85,886 shares in a ratio of 2:1. The record date for the issue was September 16, 2022.
  • In 2017, the company announced a bonus share issue in a ratio of 1:10. The record date for the issue was September 29, 2022.

Management Outlook

  • The company is focused on expanding the business by capturing new customers in the existing and new geographies. New business models like OPEX, Service model, and Government-owned Company Operated (GOCO) are being explored towards this.
  • BEL is optimistic about its plans to expand the network of marketing offices, which presently spans six countries. The company is focused on increasing business opportunities in South East Asia, Europe, the Middle East, Africa and North and South America.

SWOT Analysis

Strengths

  • Debt-free business.
  • Diversified revenue stream.

Weaknesses

  • Falling market share due to the entry of new players in the industry.
  • Rising operational costs.

Opportunities

  • Higher demand for defence products.
  • Focus on increasing revenue from the non-defence segment.

Threats

  • Geo-political crisis.
  • Competitive pressure.
Parent Organisation Govt of India
Founded 1954
Managing Director Bhanu Prakash Srivastava
NSE Symbol BEL

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Bharat Electronics FAQs

What is the Share price of Bharat Electronics (BEL)?

Bharat Electronics (BEL) share price as of April 15, 2024, on NSE is Rs 234.55 (NSE) and Rs 234.45 (BSE) on BSE.

Can I buy Bharat Electronics (BEL) shares?

Yes, You can buy Bharat Electronics (BEL) shares by opening a Demat account with Angel One.

How do I buy Bharat Electronics (BEL) from Angel One?

Bharat Electronics (BEL) share can be brought through the following modes:
  1. Direct investment: You can buy Bharat Electronics (BEL) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Bharat Electronics (BEL) shares.

What is the Bonus share ratio for BEL?

BEL has announced a bonus share in the ratio of 2:1

What is the record date for the bonus shares of BEL?

The record date for receiving the bonus shares of BEL is 16 September 2022.

Does BEL give dividends?

Yes, BEL gives dividends to its shareholders on a regular basis. Since 2001, BEL has given dividends 45 times.

Is BEL a Debt free Company?

Yes, BEL is a debt free company.

What is the main business of BEL?

The main business of BEL is to manufacture advanced electronic products for defence and aerospace industry applications. It is a public-sector undertaking under the Ministry of Defence of India.

Who are the promoters of BEL?

The main promoter of BEL is the President of India with a 51.14% shareholding.

What are the Subsidiaries that comes under BEL?

The two main subsidiaries that come under BEL are BEL Optronic Devices Limited (BELOP) and BEL-THALES Systems Limited (BTSL).