High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: It is among the top 200 market size companies of india.
Profitability: Very strong Profitability. One year profit margin are 22%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Past Returns: Outperforming stock! In past three years, the stock has provided 56% return compared to 8.9% by NIFTY 50.
Growth: Good revenue growth. With 56.4% growth over past three years, the company is going strong.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.4% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Valuation | |
|---|---|
| Market Cap | 3.07 LCr |
| Price/Earnings (Trailing) | 50.74 |
| Price/Sales (Trailing) | 10.91 |
| EV/EBITDA | 35.47 |
| Price/Free Cashflow | 553.02 |
| MarketCap/EBT | 38.18 |
| Enterprise Value | 3.06 LCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 28.18 kCr |
| Rev. Growth (Yr) | 10.6% |
| Earnings (TTM) | 6.06 kCr |
| Earnings Growth (Yr) | 4.7% |
Profitability | |
|---|---|
| Operating Margin | 29% |
| EBT Margin | 29% |
| Return on Equity | 25.25% |
| Return on Assets | 13.61% |
| Free Cashflow Yield | 0.18% |
Growth & Returns | |
|---|---|
| Price Change 1W | -0.50% |
| Price Change 1M | -5.4% |
| Price Change 6M | 1.8% |
| Price Change 1Y | 9.4% |
| 3Y Cumulative Return | 56% |
| 5Y Cumulative Return | 53.4% |
| 7Y Cumulative Return | 41.2% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | 1.73 kCr |
| Cash Flow from Operations (TTM) | 1.54 kCr |
| Cash Flow from Financing (TTM) | -2.1 kCr |
| Cash & Equivalents | 1.89 kCr |
| Free Cash Flow (TTM) | 556.01 Cr |
| Free Cash Flow/Share (TTM) | 0.76 |
Balance Sheet | |
|---|---|
| Total Assets | 44.54 kCr |
| Total Liabilities | 20.53 kCr |
| Shareholder Equity | 24.01 kCr |
| Current Assets | 38.06 kCr |
| Current Liabilities | 19.26 kCr |
| Net PPE | 3.48 kCr |
| Inventory | 10.18 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 1.2 K |
| Interest/Cashflow Ops | 230.03 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2.85 |
| Dividend Yield | 0.68% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: It is among the top 200 market size companies of india.
Profitability: Very strong Profitability. One year profit margin are 22%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Past Returns: Outperforming stock! In past three years, the stock has provided 56% return compared to 8.9% by NIFTY 50.
Growth: Good revenue growth. With 56.4% growth over past three years, the company is going strong.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.4% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 0.68% |
| Dividend/Share (TTM) | 2.85 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 8.29 |
Financial Health | |
|---|---|
| Current Ratio | 1.98 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 38.43 |
| RSI (5d) | 45.74 |
| RSI (21d) | 38.12 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Bharat Electronics's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Bharat Electronics Limited (BEL) management provided an optimistic outlook for FY '26 during their Q4 earnings conference call. For the upcoming fiscal year, the company expects a revenue growth of approximately 15% and an EBITDA margin around 27%. Additionally, they project an order inflow exceeding INR 27,000 crores and plan to increase R&D investments to about INR 1,600 crores, alongside capital expenditures of more than INR 1,000 crores.
Management highlighted the current geopolitical scenario, stating that BEL's technologies were effectively used in operational scenarios, leading to high user satisfaction and an expectation of good orders under emergency procurement initiatives. They anticipate securing various significant projects, primarily related to the QRSAM program, with an estimated contract value of INR 30,000 crores, targeting award timelines possibly in Q1 FY '26.
Furthermore, management expressed confidence in securing additional large orders from initiatives like the Next-Generation Corvettes (potentially worth INR 6,000-10,000 crores) and stated there are ongoing discussions about several defense systems and support solutions. There were also significant expectations from their Counter-Drone systems, performance in recent operations had led to acquired repeat orders, underlining BEL's role as a crucial technology provider in defense solutions.
Overall, management's forward-looking statements emphasize solid growth trajectories and a focus on leveraging technological advancements to meet both domestic and export market demands.
Here are the significant questions and answers from the Q&A session of the Bharat Electronics earnings transcript:
Mohit Pandey: Can you share a ballpark figure for the potential emergency procurement orders this year, and any updates on larger pipeline orders like QRSAM?
Manoj Jain: It's early for exact numbers, but we anticipate at least 8-10 projects under emergency procurement. Concerning QRSAM, we expect an order worth around INR30,000 crores, possibly by this fiscal year, or worst case, early next year. We aim for multiple significant projects and hope for strong pipeline orders.
Amit Dixit: What do you expect for order inflow this year, considering current events and the recent skirmishes?
Manoj Jain: Beyond the INR30,000 crores QRSAM, we estimate around INR27,000 crores from other orders this year, totaling over INR50,000 crores if QRSAM is accounted for as well.
Nitin Arora: Considering the geopolitical landscape, do you expect faster execution of projects and any change in revenue outlook?
Manoj Jain: Yes, we are optimizing our execution plans with suppliers and improving internal processes to accelerate project deliveries, particularly to meet evolving user demands.
Sagar Gandhi: Can you comment on working capital changes and the receivables outlook?
Damodar Bhattad: Our working capital has remained stable with a current ratio around 1.7. We've observed minor changes in receivables and expect no challenges ahead.
Vatsal Desai: What would be the margin outlook amidst emergency procurements and faster execution?
Damodar Bhattad: We will provide margin guidance later, but executing projects faster may influence margins positively or negatively, depending on various factors.
Atul Tiwari: Any specifics on the size and timeline for the NGC program orders?
Manoj Jain: Expected orders from the NGC program will be in the INR6,000 crores to INR10,000 crores range, with finalization depending on the shipyard's completion times for subsystems.
Ranodeep S: Can you comment on the indigenization list and BEL's role?
Manoj Jain: BEL is involved in all lists of positive indigenization, developing necessary solutions to align with the initiative's goals.
Khush Nahar: Regarding software-defined radios (SDRs), can you discuss future opportunities and your competitive landscape?
Manoj Jain: BEL is a leader in SDRs for naval applications, with significant orders already and expecting substantial demand from the army for approximately 40,000-50,000 units, estimated around INR2,000-3,000 crores over the next few years.
Manoj Jain: For FY '26, we project revenue growth of around 15%, EBITDA margin of approximately 27%, and an order inflow target exceeding INR27,000 crores, with capex over INR1,000 crores and R&D over INR1,600 crores.
These responses encapsulate the expectations and strategies of Bharat Electronics in the current market context.
Understand Bharat Electronics ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| KOTAK FLEXICAP FUND - VARIOUS SCHEMES | 2.29% |
| NPS TRUST- A/C HDFC PENSION FUND MANAGEMENT LIMITED SCHEME E - TIER I (VARIOUS SCHEMES) | 2.11% |
| SBI NIFTY 50 ETF - VARIOUS SCHEMES | 2.05% |
| CPSE EXCHANGE TRADED SCHEME - VARIOUS SCHEMES | 2.04% |
| GOVERNMENT OF SINGAPORE | 1.13% |
| LIFE INSURANCE CORPORATION OF INDIA (VARIOUS SCHEMES) | 1.12% |
| MOTILAL OSWAL - VARIOUS SCHEMES | 1.07% |
| HDFC MUTUAL FUND - VARUOUS SCHEMES | 1.03% |
| PARMANAND TIWARI | 0% |
| BLUECITY POSTIVE FORUM | 0% |
| KISMAT INVESTMENTS . | 0% |
| CHITTACHARUU | 0% |
| ARUN PRASAD | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Bharat Electronics against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| HAL | Hindustan Aeronautics | 2.97 LCr | 36.79 kCr | +4.10% | -11.30% | 32.57 | 8.07 | - | - |
| MAZDOCK | Mazagon Dock Shipbuilders | 99.26 kCr | 14.11 kCr | -8.20% | -30.70% | 35.96 | 7.03 | - | - |
| BDL | Bharat Dynamics | 48.76 kCr | 4.14 kCr | -5.00% | -30.30% | 84.08 | 11.77 | - | - |
| COCHINSHIP | Cochin Shipyard | 40.13 kCr | 5.43 kCr | -8.40% | -19.10% | 55.99 | 7.39 | - | - |
| MTARTECH | MTAR Tech | 24.23 kCr | 899.3 Cr | +53.30% | +386.70% | 257.59 | 26.94 | - | - |
| DATAPATTNS | Data Patterns (India) | 22.99 kCr | 952.73 Cr | +0.70% | +45.40% | 84.71 | 24.13 | - | - |
| ZENTEC | Zen Tech | 14.47 kCr | 773.11 Cr | -4.30% | -14.60% | 74.48 | 18.72 | - | - |
| ASTRAMICRO | Astra Microwave Products | 12.93 kCr | 1.18 kCr | +21.20% | +27.80% | 67.03 | 10.95 | - | - |
Comprehensive comparison against sector averages
BEL metrics compared to Aerospace
| Category | BEL | Aerospace |
|---|---|---|
| PE | 50.74 | 45.53 |
| PS | 10.91 | 9.45 |
| Growth | 15 % | 13.6 % |
Bharat Electronics Limited (BEL) is an established Aerospace and Defense company based in Bengaluru, India. With a stock ticker of BEL, it currently boasts a market capitalization of Rs. 223,350.3 Crores.
The company specializes in the design, manufacture, and supply of electronic equipment and systems for both defense and civilian markets.
Defense Products:
Bharat Electronics' extensive range of defense products includes:
Non-Defense Products:
In addition to its defense sector offerings, the company produces various non-defense products such as:
Services:
Bharat Electronics also provides electronic manufacturing services, including:
The company has a significant international presence, exporting its products to various countries, including the United States, France, Germany, and Israel, among others.
Financially, Bharat Electronics has shown impressive results with a trailing 12 months revenue of Rs. 23,956.4 Crores and a profit of Rs. 4,992.3 Crores in the past four quarters. The company has achieved a revenue growth of 48.1% over the last three years.
Bharat Electronics also rewards its investors with dividends, offering a yield of 0.98% per year and returning Rs. 3 dividend per share in the last 12 months.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
BEL vs Aerospace (2021 - 2026)