Stocks in Focus: Navratna defense PSU Bharat Electronics Ltd (BEL) has received additional orders worth Rs 792 crore since the previous announcement on October 30. The company did not disclose the name of the agency placing the order.
However, BEL said these large orders relate to defense network upgrades, radio communication networks, radars, drones, combat management systems, gun sighting systems and other upgrades, spares and services. This clearly shows the increasing demand for BEL’s defense systems and communication technology.
Cochin Shipyard’s order worth Rs 633 crore
BEL had earlier received a big order worth Rs 633 crore from Cochin Shipyard on October 22. This order is related to the supply of many important sensors, weapon systems, fire control mechanisms and communication equipment. This shows that BEL’s hold in defense and navy projects is continuously getting stronger.
Orders booked worth Rs 14,750 crore
The total order book of BEL has reached Rs 14,750 crore by October 31, 2025. BEL estimates that its book could reach Rs 27,000 crore by the end of the current financial year. Its pipeline includes many big projects.
Such as QRSAM, Shatrughat, Samaghat, NGC subsystems (from shipyards), 97 new units of LCA from HAL, Shakti, GBMES, Mountain Radar and HAMMER. This will provide the company with strong revenue visibility in the coming months.
Company’s confidence on guidance remains intact
BEL CMD Manoj Jain said that the company is on target to achieve more than 15% revenue growth and more than 27% EBITDA growth in this financial year. The company said that production, supply and project delivery are all going as per plan.
Quarterly results were strong
BEL performed strongly in the September quarter. The company’s net profit increased by 18% to Rs 1,286 crore, which was more than CNBC-TV18’s estimate of Rs 1,143 crore. The profit in the same period last year was Rs 1,086 crore.
Revenue also rose 26% to Rs 5,764 crore, compared to estimates of Rs 5,359 crore. Strong order flow, better project delivery and rising defense demand kept the company’s strong quarterly performance.
Slight rise in BEL shares
BEL shares closed at Rs 416.90 on Monday with a slight gain of 0.64%. The stock has increased 29.15% in the last 6 months. At the same time, it has given a return of 39.08% in 1 year. In the last 5 years, investors have got a multibagger return of 1,054.21% from BEL. Its market cap is Rs 3.05 lakh crore.
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