Sharekhan

Bharat Electronics Ltd

Thu 13/03/2025,15:59:57 | NSE : BEL

₹ 280.073.24 (1.17%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 283.00

Previous Close

₹ 276.83

Volume

38015489

Mkt Cap ( Rs. Cr)

₹204724.98

High

₹ 285.80

Low

₹ 279.42

52 Week High

₹ 340.50

52 Week Low

₹ 179.10

Book Value Per Share

₹ 24.16

Dividend Yield

0.78

Face Value

₹ 1.00

What’s Your Call?

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Your Vote -

Buy

81.22%

Hold

9.82%

Sell

8.97%

81.22%

53949 users have voted

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Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

280.07

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Bid Total

2197

Bid Price

Qty

0.00

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Bid Total

0

Option Chain

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News

Media spotlight triggers stock stock attention, sentiment.

  • Bharat Electroni - Updates

    13 Mar 2025, 6:06PM Bharat Electronics Limited has informed the Exchange regarding 'Date of payment of Interim Dividend FY 2024-25'.
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Date of payment of Dividend

    13 Mar 2025, 6:00PM Intimation of Payment Date of Interim Dividend FY 2024-25.
  • Bharat Electroni - Press Release

    12 Mar 2025, 4:02PM Bharat Electronics Limited has informed the Exchange regarding a press release dated March 12, 2025, titled ""BEL receives Rs.2,463 Crore order for As
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    12 Mar 2025, 4:02PM Press Release - BEL receives Rs.2,463 Crore order for Ashwini Radars from Indian Air Force.
  • Bharat Electroni - Press Release

    10 Mar 2025, 6:56PM Bharat Electronics Limited has informed the Exchange regarding a press release dated March 10, 2025, titled ""BEL receives orders worth Rs . 843 Crore
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    10 Mar 2025, 6:51PM Press Release - BEL receives orders worth Rs.843 Crore.
  • Bharat Electroni - Press Release

    6 Mar 2025, 5:10PM Bharat Electronics Limited has informed the Exchange regarding a press release dated March 06, 2025, titled ""BEL receives orders worth Rs.577 Crore "
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    6 Mar 2025, 5:09PM BEL receives orders worth Rs.577 Crore
  • Bharat Electroni has declared 150% Interim dividend for the financial year March 2025

    6 Mar 2025, 9:30AM Bharat Electronics Ltd. on Wednesday, 05 March 2025, has announced Interim dividend of 150 percent on Equity Share, to its shareholders holding shares
  • Bharat Electroni - Outcome of Board Meeting-XBRL

    5 Mar 2025, 12:24PM BHARAT ELECTRONICS LIMITED has informed the Exchange regarding Outcome of Board Meeting held on 05-Mar-2025 for Dividend
  • Bharat Electroni - Record Date

    5 Mar 2025, 12:16PM Bharat Electronics Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Mar-2025.
  • Bharat Electroni - Dividend

    5 Mar 2025, 12:07PM Bharat Electronics Limited has informed the Exchange that Board of Directors at its meeting held on March 05, 2025, declared Interim Dividend of Rs. 1
  • Bharat Electroni - Board Meeting Outcome for Declaration Of Interim Dividend For FY 2024-25.

    5 Mar 2025, 12:07PM Declaration of Interim Dividend for FY 2024-25.
  • Bharat Electroni - Intimation Of Record Date.

    5 Mar 2025, 12:15PM Intimation of Record Date.
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Change in Management

    28 Feb 2025, 5:33PM Change in Senior Management.
  • Bharat Electroni - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    28 Feb 2025, 5:31PM BHARAT ELECTRONICS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Bharat Electroni - Change in Management

    28 Feb 2025, 5:30PM Bharat Electronics Limited has informed the Exchange about change in Management
  • Bharat Electroni - Trading Window-XBRL

    25 Feb 2025, 5:32PM BHARAT ELECTRONICS LIMITED has informed the Exchange about Closure of Trading Window
  • Bharat Electroni - Board Meeting Intimation

    25 Feb 2025, 4:25PM BHARAT ELECTRONICS LIMITED has informed the Exchange about Board Meeting to be held on 05-Mar-2025 to consider Dividend.
  • Bharat Electroni - Trading Window

    25 Feb 2025, 4:18PM Bharat Electronics Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulation
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Credit Rating

    20 Feb 2025, 6:06PM Intimation of Credit Rating
  • Bharat Electroni - Credit Rating

    20 Feb 2025, 6:05PM Bharat Electronics Limited has informed the Exchange about Credit Rating
  • Bharat Electroni - Press Release

    20 Feb 2025, 2:43PM Bharat Electronics Limited has informed the Exchange regarding a press release dated February 20, 2025, titled ""BEL receives orders worth Rs.1292 Cro
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    20 Feb 2025, 2:42PM Press Release - BEL receives orders worth Rs.1292 Crore including Rs.1034 Crore order for SDR and DCT from Indian Coast Guard.
  • Bharat Electroni - Press Release

    8 Feb 2025, 3:17PM Bharat Electronics Limited has informed the Exchange regarding a press release dated February 08, 2025, titled ""BEL receives orders worth Rs.962 Cr.
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    8 Feb 2025, 3:09PM Press Release - BEL receives orders worth Rs.962 Cr. including EOFCS order from Indian Navy.
  • Bharat Electroni - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    7 Feb 2025, 10:54AM BHARAT ELECTRONICS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Bharat Electroni - Cessation

    7 Feb 2025, 10:52AM Bharat Electronics Limited has informed the Exchange regarding Cessation of Mrs Shyama Singh as Independent Director of the company w.e.f. February 0
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Change in Directorate

    7 Feb 2025, 10:48AM Intimation of Completion of Tenure of Independent Director.
  • Bharat Electroni - Analysts/Institutional Investor Meet/Con. Call Updates

    3 Feb 2025, 5:42PM Bharat Electronics Limited has informed the Exchange about Transcript
  • Bharat Electroni - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    3 Feb 2025, 11:05AM BHARAT ELECTRONICS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Bharat Electroni - Retirement

    3 Feb 2025, 11:03AM Bharat Electronics Limited has informed the Exchange about Retirement of Senior Management.
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    3 Feb 2025, 5:45PM Transcript of Conference Call held on 30.01.2025.
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Change in Management

    3 Feb 2025, 10:57AM Intimation of Change in Senior Management.
  • Bharat Electroni - Copy of Newspaper Publication

    31 Jan 2025, 5:36PM Bharat Electronics Limited has informed the Exchange about Copy of Newspaper Publication
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    30 Jan 2025, 7:40PM Audio Recording of Conference Call held on 30-01-2025 for Q3 FY 2024-25 Results.
  • Bharat Electroni - Analysts/Institutional Investor Meet/Con. Call Updates

    30 Jan 2025, 7:34PM Bharat Electronics Limited has informed the Exchange about Link of Recording
  • Bharat Electroni - Integrated Filing- Financial

    30 Jan 2025, 2:42PM Integrated Filing (Financials) for the quarter and Nine Months ended 31st December, 2024.
  • Bharat Electroni - Outcome of Board Meeting

    30 Jan 2025, 2:06PM Bharat Electronics Limited has informed the Exchange regarding Financial Results approved in Board meeting held on January 30, 2025.
  • Bharat Electroni - Financial Result Updates

    30 Jan 2025, 1:59PM Bharat Electronics Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Bharat Electroni - Integrated Filing (Financial)

    30 Jan 2025, 2:50PM Integrated Filing (Financials) for the Quarter and Nine months ended 31st December, 2024.
  • Bharat Electroni Q3 net profit jumps 47.33% at Rs 1316.06 cr

    30 Jan 2025, 2:20PM The company reported standalone net profit of Rs 1,316.06 crore for the quarter ended December 31, 2024 as compared to Rs 893.30 crore in the same per
  • Bharat Electroni - Board Meeting Outcome for Unaudited Standalone & Consolidated Financial Results For The Quarter And Nine M

    30 Jan 2025, 2:03PM Unaudited Standalone & Consolidated Financial Results for the quarter and nine months ended 31st December, 2024.
  • Bharat Electroni - Unaudited Standalone & Consolidated Financial Results For The Quarter And Nine Months Ended 31St December,

    30 Jan 2025, 1:58PM Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31st December, 2024.
  • Bharat Electroni - Press Release

    28 Jan 2025, 2:39PM Bharat Electronics Limited has informed the Exchange regarding a press release dated January 28, 2025, titled ""BEL receives orders worth Rs. 531 Cror
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    28 Jan 2025, 2:43PM BEL receives order worth Rs. 531 Crores
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    24 Jan 2025, 1:38PM Conference call with investors for discussion on Financial results for the quarter ended 31 December 2024.
  • Bharat Electroni - Analysts/Institutional Investor Meet/Con. Call Updates

    24 Jan 2025, 1:38PM Bharat Electronics Limited has informed the Exchange about Schedule of meet
  • Bharat Electroni - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    20 Jan 2025, 11:32AM BHARAT ELECTRONICS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Bharat Electroni - Cessation

    20 Jan 2025, 11:30AM Bharat Electronics Limited has informed the Exchange regarding Cessation of Mr Gokulan B as Non- Executive Independent Director of the company w.e.f.
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Change in Directorate

    20 Jan 2025, 11:40AM Intimation of Completion of Tenure of Independent Director.
  • Bharat Electroni has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    16 Jan 2025, 6:50PM As of December 2024, 51.14% is owned by Indian Promoters and 48.86% by Public. <p align=justify> Institutional holds 38.28% (Insurance Companies 3.19%
  • Bharat Electroni - Press Release

    13 Jan 2025, 3:50PM Bharat Electronics Limited has informed the Exchange regarding a press release dated January 13, 2025, titled ""BEL receives orders worth Rs. 561 cror
  • Bharat Electroni - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    1 Jan 2025, 2:05PM BHARAT ELECTRONICS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Bharat Electroni - Change in Management

    1 Jan 2025, 12:22PM Bharat Electronics Limited has informed the Exchange about change in Management
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Change in Management

    1 Jan 2025, 12:35PM Intimation of change in General Management.
  • Bharat Electroni - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    30 Dec 2024, 5:46PM BHARAT ELECTRONICS LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer
  • Bharat Electroni - Change in Director(s)

    28 Dec 2024, 9:14AM Bharat Electronics Limited has informed the Exchange regarding Change in Director(s) of the company.
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Change in Directorate

    28 Dec 2024, 9:07AM Intimation of Completion of Tenure of Independent Director(s).
  • Bharat Electroni - Trading Window-XBRL

    27 Dec 2024, 2:03PM Bharat Electronics Limited has informed the Exchange about Closure of Trading Window
  • Bharat Electroni - Trading Window

    27 Dec 2024, 1:59PM Bharat Electronics Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulation
  • Bharat Electroni - Press Release

    23 Dec 2024, 2:02PM Bharat Electronics Limited has informed the Exchange regarding a press release dated December 23, 2024, titled ""BEL receives orders worth Rs.973 Cror
  • Bharat Electroni - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    23 Dec 2024, 2:02PM Press Release - \BEL receives orders worth Rs.973 Crores\.
  • Bharat Electronics signs contract with the Ministry of Defence

    13 Mar 2025 , 10:05AM BEL receives Rs. 2,463 crore order for Ashwini Radars from Indian Air Force
  • Bharat Electronics

    13 Mar 2025 , 9:32AM The company received an order worth Rs 2,463 crore from the Indian Air Force for Ashwini Radars. Positive
  • Bharat Electronics Ltd (BEL)

    11 Mar 2025 , 8:49AM BEL: Secures additional orders worth Rs 843 crores for RF seekers, vessel and air traffic management system, electro optic repair facility, radar upgradation, spares, services, etc. With these, the total accumulated orders received by BEL during the current financial year stand at Rs.14,567 crore. Positive
  • Bharat Electronics Ltd (BEL)

    7 Mar 2025 , 10:49AM Secured orders worth Rs 577 crore totaling YTD order inflows to Rs 13,724 crore. Major orders include airborne electronic warfare products, advanced composite communication system for submarine, doppler weather radar, train communication system, radar upgradation, spares, services etc.
  • BEL gets order for SDR and DCT from Indian Coast Guard

    20 Feb 2025 , 3:06PM BEL receives order worth Rs. 1292 crore including Rs.1034 crore order for SDR and DCT from Indian Coast Guard.
  • Bharat Electronics Ltd

    10 Feb 2025 , 8:50AM Received orders worth ₹962 crore, including a ₹610 crore contract to supply an Electro-Optic Fire Control System (EOFCS) to the Indian Navy. The system is capable of panoramic/sector search, tracking all types of targets during day/night and engages the tracked targets with the medium range and short-range gun mounts. Balance Rs 352 crore orders is for anti-drone system, fuses, integrated fire detection and suppression system, vessel communication system, spares, services etc.
  • Stock Update: Bharat Electronics Ltd Q3FY25 Results

    1 Feb 2025 , 11:00AM Stock Update: Bharat Electronics Ltd Q3FY25 Results – Strong order inflows, Order inflows eyed
  • Bharat Electronics Ltd Q3FY2025 results

    30 Jan 2025 , 3:16PM Bharat Electronics Ltd Q3FY2025 results – Strong performance beating estimates on all fronts
  • Bharat Electronics

    14 Jan 2025 , 9:34AM Bharat Electronics secured additional orders worth Rs 561 crore. Major orders include communication equipment, electro optics, upgrades for satcom network, radar & fire control system, spares, services etc. Adding the current orders the order book now accumulates to Rs 10,362 crore. Positive
  • BEL receives order worth Rs.973 Crores

    23 Dec 2024 , 3:22PM BEL bags orders worth Rs. 973 crore since December 9
  • Stock Update: Bharat Electronics

    10 Dec 2024 , 12:03PM Stock Update: Bharat Electronics Ltd Q2FY25 Results
  • Bharat Electronics

    10 Dec 2024 , 10:40AM Bharat Electronics received orders worth Rs 634 crore pertaining to maintenance of Akash missile systems, telescopic sight of guns, communication equipment, jammers, EVM and spares and services. Positive
  • Stock Update: Bharat Electronics Ltd Q2FY25 Results

    29 Oct 2024 , 12:52PM Stock Update: Bharat Electronics Ltd Q2FY25 Results – Strong order book with robust order pipeline
  • Bharat Electronics

    28 Oct 2024 , 9:52AM Revenue growth of 15% yoy vs expectations of 18% broadly meeting estimates. OPM was at 30.4% vs our estimates of 24.4%. Adjusted new profit came in at Rs 1,092 crore above our estimates of Rs 850 crore. Overall revenue growth was broadly meeting our estimates but had a strong margins improvement. positive
  • Bharat Electronics

    8 Oct 2024 , 10:01AM Announced new orders worth Rs 500 crore. The order includes EMI shelters, AMC for integrated air command and control system nodes, upgrade spares for gun systems, spares for radars, and communication systems. The total order book has reached Rs 7,689 crore. Management has guided a total order inflow of Rs 25,000 crore for FY25. positive
  • Bharat Electronics

    30 Sep 2024 , 10:04AM Received approval from Govt for incorporation of JV in collaboration with Israel Aerospace Industries (IAI). The JV aims to provide comprehensive product support including repairs and maintenance services, for the Medium-Range Surface to Air Missile (MRSAM) system, which is currently deployed in India. Positive
  • Bharat Electronics Ltd

    25 Sep 2024 , 10:48AM Teaming agreement signed between Company & Reliasat inc. Canada, agreement to partner in area of space products. Positive
  • Bharat Electronics

    26 Aug 2024 , 10:57AM BEL to be included in Nifty 50 from Sept 30 and expects an inflow of Rs 410 million after inclusion.
  • BEL

    23 Aug 2024 , 10:30AM Company has received orders worth Rs 695 crores for Combat Management system, Communication equipment. YTD order inflow amounted to Rs 5,920 crores.
  • Bharat Electronics

    1 Jul 2024 , 12:13PM Company has signed a contract worth Rs. 3,172 crore with Armoured Vehicles Nigam Limited (AVNL) to design and develop Sighting and Fire Control System (FCS) for upgrade of Indian Army Tanks. It has also secured additional orders worth Rs. 481 crore. Positive
  • Stock update: Bharat Electronics (BEL) Q4FY2024 (Consolidated) result update

    24 May 2024 , 1:00PM Stock update: Bharat Electronics (BEL) Q4FY2024 (Consolidated) result update – Strong Q4, order book gives good growth visibility
  • Bharat Electronics Ltd

    10 Apr 2024 , 10:19AM As per media report, company is likely to get contract worth Rs 6000 - 6200 crores related to control and response system for the army. Positive for the stock.
  • Stock Update: Bharat Electronics

    1 Feb 2024 , 11:17AM Stock Update: Bharat Electronics Limited – Muted Quarter, Robust growth prospects
  • BEL wins orders worth Rs. 847 Cr

    30 Jan 2024 , 2:57PM BEL bags order worth Rs 847 Cr from Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance
  • Bharat Electronics

    26 Dec 2023 , 1:40PM Company has signed a contract for a value of Rs.445 crore with the UP Government for UP Dial 112 project. BEL will be providing hardware, AI based software tools and Cyber Security solutions for the Dial 112 project. The company has also received additional orders worth Rs.233 crores related to Communication Display Units, Thermal Imaging cameras and other miscellaneous spares & services.
  • BEL receives order worth Rs. 678 Cr

    26 Dec 2023 , 1:39PM Bharat Electronics bags orders for next-generation UP Dial 112 project & communication display units
  • BEL receives order worth Rs. 678 Cr

    26 Dec 2023 , 1:38PM Bharat Electronics bags orders for next-generation UP Dial 112 project & communication display units
  • BEL receives order worth Rs. 678 Cr

    26 Dec 2023 , 1:37PM Bharat Electronics bags orders for next-generation UP Dial 112 project & communication display units
  • BEL bags order worth Rs. 2759.15 crores

    22 Dec 2023 , 1:40PM BEL gets order from Goa Shipyard and Garden Reach Shipbuilders & Engineers for supply of 14 types of sensors.
  • Stock Update: Bharat Electronics

    19 Dec 2023 , 12:15PM Stock Update: Bharat Electronics Limited - Higher order intake to drive sustained long-term growth
  • BEL receives orders worth Rs. 3,915 Crore

    15 Dec 2023 , 2:08PM BEL gets an order from Indian Army for AMC of Radars
  • Bharat Electronics

    15 Dec 2023 , 1:51PM Defence Ministry signs contract worth Rs 5,336.2 crore with BEL for procurement of electronic fuzes for army for a period of 10 years. Positive for the Stock
  • Bharat Electronics

    7 Dec 2023 , 10:33AM The company has received an order of Rs 580 crore from the Indian Army for the AMC of radars. It has also received additional orders worth Rs 3,335 crore since the last disclosure on September 15, 2023. With this, cumulatively, BEL has received orders worth Rs 18,298 crore in FY24. Positive for the stock
  • Stock update: Bharat Electronics

    1 Nov 2023 , 11:03AM Stock update: Bharat Electronics Limited Q2FY2024 result update – Growth momentum to sustain
  • Bharat Electronics

    18 Sep 2023 , 10:34AM BEL received an order of Rs.2,118.6 Crore from Cochin Shipyard Limited for supply of various equipments consisting of Sensors, Weapon equipment, Fire Control systems and Communication equipment for six numbers of Next Generation Missile Vessels (NGMV), class of anti-surface warfare corvettes for Indian Navy. This project will have participation of Indian electronics and associated industries, including MSMEs, which are sub vendors of BEL. The equipment manufactured by BEL are part of 'Aatmanirbhar Bharat' program. The company has also received additional orders worth Rs.886 crore since the last disclosure on 25th August, 2023 and the said orders pertain to upgrade of AFNET SATCOM N/W, upgrade of Akash Missiles with RF Seeker, Inertial Navigation System and other equipments with accessories and spares etc. Our view: Including this order BEL’s total YTD order inflow has been Rs.14,384 crore for FY24, which is more than 70% of their order inflow guidance of Rs. 20,000 crore for FY24. Positive for the stock.
  • Bharat Electronics

    4 Sep 2023 , 10:24AM As per media reports, the company is in pact with Israel Aerospace Industries to collaborate on short range air defense systems. Positive for the stock as it will give a boost to its exports in the long-term which currently is a small part of its total revenue. We have a Buy rating on BEL.
  • Bharat Electronics

    28 Aug 2023 , 10:44AM The company has received new defence and non-defence orders worth Rs 3,289 crore during July and August 2023. It includes a Rs 1,075 crore order from Hindustan Shipyards for the supply of CMS, communication systems, electronic warfare systems, and other sensors for fleet support ships. Our view: Positive development for the stock. The company’s total order inflow till date for FY24 now stands at Rs.11,380 crore , which is ~57% of the order intake guidance for the year provided by the company. We have a Buy rating on the stock with a target price of Rs. 151.
  • Bharat Electronics

    28 Aug 2023 , 10:19AM The company has received new defence and non-defence orders worth Rs 3,289 crore during July and August 2023. It includes a Rs 1,075 crore order from Hindustan Shipyards for the supply of CMS, communication systems, electronic warfare systems, and other sensors for fleet support ships. Our view: Positive development for the stock. The company’s total order inflow till date for FY24 now stands at Rs.11,380 crore , which is ~57% of the order intake guidance for the year provided by the company. We have a Buy rating on the stock with a target price of Rs. 151.
  • Bharat Electronics

    25 Aug 2023 , 10:14AM The Ministry of Defence has granted 'Acceptance of Necessity (AoN) for the procurement and installation of an electronic warfare suite on Mi-17 V5 helicopters. AoN is the first step in the long defence procurement process and grant of an AoN does not necessarily lead to a final order. The acquisition proposals are worth ~Rs 7,800 crore, including Electronic Warfare (EW) Suite for the IAF’s Mi-17 V5 helicopters, weapons for the Navy’s MH-60R helicopters, as well as for Light Machine Guns and ground-based autonomous systems.
  • Stock Update: Bharat Electronics

    27 Jun 2023 , 11:22AM Stock Update: Bharat Electronics Ltd (BEL) (Consolidated): Strong Q1 order intake boosts confidence
  • Bharat Electronics

    22 Jun 2023 , 10:22AM As per media reports, BEL and homegrown telecom gear maker HFCL signed a two-year non-exclusive agreement to leverage each other’s expertise to indigenously develop and deploy solutions for the defence, telecom, and railway sectors. Directionally positive for both the stocks from long-term perspective. We have a Buy rating on BEL.
  • BEL gets order worth Rs. 5900 crore

    20 Jun 2023 , 3:10PM BEL bags orders worth Rs. 5,900 crore in FY24 so far
  • Stock Update: Bharat Electronics

    5 Apr 2023 , 11:28AM Stock Update: Bharat Electronics Ltd (BEL) (Consolidated): Guidance achievement wards off near -term growth concerns
  • Bharat Electronics

    3 Apr 2023 , 1:00PM BEL has announced its provisional revenue numbers for FY23. It has achieved a turnover of about Rs. 17300 crore (provisional & unaudited), during FY23, against the previous year’s turnover of Rs. 15,044 crore registering a growth of 15%. BEL's order book as on April 1, 2023, is around Rs. 60,500 crore. In the year 2022-23, BEL secured significant orders of around Rs.20200 crore (excluding taxes). BEL achieved export sales of around US$ 46.5 ( expectations of US$ 70 mn) Million during FY23 against the previous year’s export of US$ 33.3 Million; registering a growth of 40%. Positive for the stock. We have a Buy rating on the stock with a target price of Rs.120.
  • Bharat Electronics

    31 Mar 2023 , 2:35PM BEL has received export orders worth USD 52 mn (~Rs 428 crore). This includes Communication Equipment, Electronic Assemblies, Micro Modules and Mechanical parts for various customers from France, Israel, USA etc. Our view: Positive for the stock as it shows a growing interest of international customers in BEL and Indian Industries. We have a Buy rating on BEL with a target price of Rs. 120.
  • BEL gets export order worth 52 Mn USD

    31 Mar 2023 , 1:28PM BEL receives export orders worth approximately $52 million in the month of March 2023
  • Bharat Electronics

    31 Mar 2023 , 1:02PM Ministry of defence (MoD) signed 10 contracts worth Rs.5,498 crore with BEL for Indian Armed Forces. Further, MoD signed 2 contracts worth Rs.2,696 crore with BEL for Indian Armed Forces for several products and systems. Hence, the total of Rs 8,194 crore orders were received by BEL. Our View: As per the announced orders, the stock has achieved order inflow guidance of Rs 20,000 crore for FY23. we have a Buy rating on the stock for a target price of Rs. 120.
  • BEL wins order worth Rs. 4,300 cr from Indian Army and Indian Navy

    27 Mar 2023 , 10:14AM Mod, GOI signs a contract with BEL for supply of Integrated Electronic Warfare Systems
  • Bharat Electronics

    27 Mar 2023 , 10:09AM BEL wins order worth Rs. 4,300 cr
  • Bharat Electronics

    24 Mar 2023 , 9:56AM The Ministry of Defence (MoD) has signed two contracts worth of Rs. 3,800 crore with BEL, for supply of Medium Power Radar and Digital Radar Warning Receiver (RWR) for Indian Air Force. The Medium Power Radar (Arudhara) for Indian Air Force is the state-of-the-art 4D Surveillance Radar equipped with Active Aperture Phased Array Radar technologies based on Solid State TR Module Transmission. The Radar is indigenously developed and being manufactured by BEL based on Electronics and Radar Development Establishment (LDRE) - DRDO design. The above system will further enhance the surveillance capability of Indian Air Force with the state-of-the-art Modern Radar Technologies including best in class ECCM capabilities.
  • Bharat Electronics

    1 Mar 2023 , 10:54AM As a part of the offset commitment under the Rafael-India contract and in line with the ‘Make in India’ policy, BEL and Thales Reliance Defence Systems (TRDS) have entered into an agreement for the manufacture and supply of TR modules and micro modules of Radar used in Rafael fighter aircraft. In continuation to the agreement signed between BEL and TRDS, BEL has received an order to manufacture and supply micro modules.
  • Bharat Electronics

    27 Feb 2023 , 10:49AM BEL has opened its new software development centre (SDC) in Visakhapatnam to offer “software as a service” for various applications in the domains of both defence and non-defence. Positive read thru for the stock.
  • Bharat Electronic

    22 Feb 2023 , 10:41AM BEL has signed an MoU with Aeronautical Development Agency (ADA), DRDO, for the Advanced Medium Combat Aircraft (AMCA) programme. The Advanced Medium Combat Aircraft is a 5th Generation, multi-role, all-weather fighter aircraft designed with high survivability and stealth capability. The MoU aims at leveraging the complementary strengths and capabilities of BEL and ADA, wherein both the parties will co-operate for the design, development, qualification, production and supply of Internal Weapon Bay Computer and other LRUs for AMCA and provide lifetime product support to the Indian Air Force. Our View: Positive read thru for the stock.
  • BEL signs for Advanced Medium Combat Aircraft programme

    22 Feb 2023 , 10:23AM The MoU aims at leveraging the complementary strengths and capabilities of BEL and ADA
  • Bharat Electronics

    21 Feb 2023 , 10:52AM The Delhi Metro launched India's first ever indigenously developed train control & supervision system, jointly developed by BEL & Delhi Metro Rail Corporation (DMRC). Positive read thru for BEL.
  • Bharat Electronics

    16 Feb 2023 , 10:11AM BEL signed an MoU with Goa Shipyard Limited (GSL) for co-operation in addressing global market opportunities for supply for state-of-the-art products such as Autonomous Boats, and other systems / solutions based on Artificial Intelligence for Naval platforms. Positive read thru for the stock. We have a Buy rating on the stock.
  • Stock Update: Bharat Electronics

    3 Feb 2023 , 12:21PM Stock Update: Bharat Electronics Q3FY23 Consolidated Results: Tepid order inflows, healthy long-term outlook
  • Bharat Electronics

    30 Jan 2023 , 3:26PM BEL’s board of directors in their meeting held on 28th January, 2023 has appointed Shri Damodar S Bhattad, Director (Finance) as Chief Financial Officer (CFO) (KMP) w.e.f 28th January, 2023. He was working as General Manager (Finance) at BEL's corporate office prior to his elevation.
  • Bharat Electronics

    30 Jan 2023 , 10:28AM BEL’s consolidated results were a mixed bag wherein sales came in-line with expectations but OPM and profitability were below expectations. Sales grew by ~12% y-o-y to Rs 4,153 cr. The gross profit margins (GPM), improved y-o-y by 102 bps to 41.7% in Q3FY23 due to decline in material cost. However, operating profit grew at a slow pace of 4% y-o-y to Rs 863 cr due to sharp increase in other expenses.
  • Bharat Electronics

    19 Jan 2023 , 12:16PM As per media reports, the Election Commission of India would be buying Electronic Voting Machines (EVMs) from Bharat Electronics Ltd. and Electronics Corporation of India Ltd. The union cabinet has also approved a proposal to upgrade M2-M3 VVPATs (Voter Verifiable Paper Audit Trail). It is estimated that around Rs 1,335 crore will be spent on purchasing EVMs and upgrading VVPATs. Our view: The announcement is positive for BEL, however, no statement has been issued from BEL as yet and therefore exact timeline of the order award and order value is not known yet.
  • Bharat Electronics

    18 Nov 2022 , 10:12AM Bharat Electronics Ltd: Company has signed a MoU with Advanced Weapons and Equipment India Limited (AWEIL), a defence PSU, to jointly address the requirements of Indian defence and export markets. The MoU aims at leveraging the complementary strengths and capabilities of BEL and AWEIL to address domestic and export opportunities in the areas of air defence, artillery gun systems, medium calibre weapons, small arms and related systems. It signed another MoU with Armoured Vehicles Nigam Limited (AVNL/AVANI), a defence PSU to address domestic and export opportunities in the areas of combat vehicles, main battle tanks (MBTs), infantry fighting vehicles (IFVs), armoured fighting vehicles (AFVs) and related systems. Positive for the stock.
  • Bharat Electronics

    16 Nov 2022 , 10:01AM BEL has signed MOUs with five companies involved in the defence industry. It has signed an MoU with Defence PSU Hindustan Shipyard (HSL) to carry out joint development, manufacturing and product upgrades of identified products / systems and to capitalise on the emerging opportunities in the domestic defence, non-defence and export markets. It has signed an MoU with SVC Tech Ventures LLP for co-operation in the manufacturing and marketing of heavy-duty blast doors for the protection of defence establishments and national assets. BEL has signed an MoU with Profense LLC, US, for co-operation in the manufacturing and marketing of light weapons. It will enable the two companies to jointly develop light weapons. Profense is a leading company specialised in the business of defence weapon systems’ manufacturing, system integration and training. It has also signed an MoU with Yantra India Limited (YIL), a defence PSU for co-operation in the areas of ammunition hardware and military grade components to jointly address the requirements of Indian defence and export markets. Positive for BEL in the long-term.
  • Bharat Electronics

    20 Oct 2022 , 10:18AM Triton Electric Vehicle India, a part of Triton Electric Vehicle, USA, issued a Letter of Intent (Lol) to BEL for procurement of 300 KW Li-Ion Battery Packs for its Semi-truck project in India at an estimated value of Rs. 8060 Crores. The battery packs are to be delivered by BEL to Triton in 24 months commencing from January 2023. The Purchase Order for first-off quantity with hundred percent advance payment has been handed over to BEL by Triton. BEL will deliver the first-off quantity by November 2022. BEL has also signed an MoU with Triton Electric Vehicle, for manufacture of Hydrogen Fuel cells by BEL with technology transfer from TEV, to meet the requirements of Indian market and mutually agreed export markets. Positive for the stock.
  • Bharat Electronics

    19 Oct 2022 , 10:49AM BEL has signed an MoU with Munitions India Limited (MIL), a Defence PSU, to jointly address the requirements of Indian defence and export markets in the areas of ammunition, explosives and related systems. The MoU aims at leveraging the complementary strengths and capabilities of BEL and MIL and strengthens the spirit of the Make In India initiative of Government of India, for achieving self-reliance in defence sector. The co-operation will enable the companies to jointly address the domestic and export opportunities in the areas of ammunition, explosives, related systems and sub systems. Also, as per media reports, BEL has signed an MoU with US-based Triton Electric Vehicle for manufacturing hydrogen fuel cells with technology transfer from the latter for the Indian market. TEV has set up its R&D centre and manufacturing facility in India. Our view: Both the agreements are in-line with BEL’s strategy to grow its exports and non-defence business. Hence, positive for the stock from long-term perspective.
  • BEL signs an MoU with Munitions India

    19 Oct 2022 , 10:25AM The MoU aims at leveraging the complementary strengths and capabilities of BEL and MIL
  • Stock Update: Bharat Electronics

    7 Sep 2022 , 9:44AM Stock Update: Bharat Electronics Ltd (BEL): Promising long-term bet
  • Bharat Electronics

    4 Aug 2022 , 8:42PM Bharat Electronics Ltd. (BEL): BEL’s board of directors have approved issue of bonus shares in the ratio of 2:1 (two bonus equity shares for every one equity share held) by capitalizing ~Rs 487 cr from the free reserves and surplus of the company. Thus, the total equity of the company would increase from Rs 243.7 cr (F.V. – Re 1 per share) to ~Rs 731 cr. Positive for the stock
  • BEL to consider bonus issue

    2 Aug 2022 , 10:34AM BEL in focus ahead of August 4 board meet to consider bonus issue
  • Bharat Electronics

    25 Jul 2022 , 10:03AM Defence PSU Bharat Electronics Limited (BEL) has signed a contract with the Ministry of Defence, Government of India, worth around Rs. 250 cr. The contract is for supply of nine Integrated ASW Complex (IAC) MOD "C Systems. IAC MOD ,C" is an Integrated Anti-Submarine Warfare (ASW) system for all surface ships of the Indian Navy. The company’s order backlog as on July 01, 2022 was at Rs. 55,333 crore, at ~3.3x its TTM revenue. Positive development for the stock.
  • BEL reports robust Q1FY23 numbers

    18 Jul 2022 , 9:38AM BEL’s consolidated Q1FY2023 performance was driven by strong opening order book and low base
  • Bharat Electronics

    27 Jun 2022 , 10:37AM As per media reports, BEL has signed a Memorandum of Understanding (MoU) with Defense Initiatives (DI), Belarus, and Defense Initiatives Aero Pvt Ltd, India (a subsidiary of DI Belarus) to build cooperation amongst the three companies for the supply of Airborne Defense Suite (ADS) for Indian Air Force’s helicopters. ADS is used for providing protection to helicopters. BEL will be the prime contractor and will be supported by DI with manufacturing and maintenance for the supply of advanced Electronic Warfare (EW) suites for helicopters under the ‘Make in India’ category. The MoU also aims to explore various business opportunities for India and global markets for ADS. Positive development for the stock. We have a Buy rating on the stock.
  • HAL and BEL

    27 Apr 2022 , 3:17PM Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) signed a contract for co-production of long range dual band infra-red search and track system (IRST) for Su-30 MKI under the MAKE-II procedure of Defence Acquisition Procedure (DAP) 2020, as part of the 'Make in India' initiative. The proposed IRST system will be a high end strategic technology product in the field of defence avionics and technically competitive to existing IRST system in the global market with features of television day camera, infrared & laser. The joining hands of two defence PSUs for development of technologically critical IRST gives impetus to "Atmanirbhar Bharat" in the defence sector. Positive for both the stocks
  • Bharat Electronics

    30 Mar 2022 , 9:56AM As per media reports, BEL has signed a contract with the ministry of defence for the development of an electronic warfare equipment for the Indian Air Force. The total project cost is estimated to be ~Rs 1,990 crore.
  • Stock Update: Bharat Electronics Ltd

    15 Mar 2022 , 11:09AM Stock Update: Bharat Electronics Ltd. (BEL): Pure play on India’s defence story
  • MoD signs contract worth Rs. 1,075 crore with BEL

    28 Feb 2022 , 11:50AM BEL says defence minister signs Rs. 1,075 crore contract with company for retro-modification of T-90 tanks
  • Bharat Electronics

    25 Feb 2022 , 9:36AM Bharat Electronics: The Ministry of Defence signed a Rs. 1,075 crore contract with Bharat Electronics for retro-modification of commander sight in 957 T-90 battle tanks so that they can detect targets at longer ranges. Positive for the stock.
  • BEL receives biggest Avionics Order ever from HAL

    16 Dec 2021 , 1:34PM Bharat Electronics bags order worth Rs 2,400 cr from Hindustan Aeronautics
  • Bharat Electronics

    14 Dec 2021 , 10:59AM As per media reports, the company has developed tethered Unmanned Aerial Vehicles (UAVs), designed to secure airbases. The UAV system can be used for aerial reconnaissance and intelligence gathering as well. Positive for the stock.
  • BEL receives biggest export order ever

    22 Nov 2021 , 2:13PM Airbus signs contract with BEL for C295 aircraft programme
  • Stock Update: Bharat Electronics

    30 Sep 2021 , 10:37AM Stock Update: Bharat Electronics: Ample growth opportunities in Defence & non-defence alike
  • Stock Update: Bharat Electronics

    30 Sep 2021 , 10:36AM Stock Update: Bharat Electronics: Ample growth opportunities in Defence & non-defence alike
  • Bharat Electronics

    7 Sep 2021 , 1:49PM As per media reports, SFC Energy AG signed Memorandum of Understanding (MoU) with Bharat Electronics and FC TecNrgy. The partners are looking at addressing the developing market for low-emission, off-grid power supply for Indian homeland security, civil protection, defence, and a range of additional applications. The MoU aims at combining BEL's engineering and large-scale production strengths with SFC's fuel cell expertise and FCTec's system integration and installation know-how. The partner network is targeting local sales of EUR 50 - 100 million by 2025. Positive for Bharat Electronics.
  • Bharat Electronics (BEL) Q1 FY22 results

    9 Aug 2021 , 11:11AM Bharat Electronics (BEL) Q1 FY22 results – Weak Q1, Margins impacted
  • Bharat Electronics

    23 Jun 2021 , 10:45AM Bharat Electronics (BEL) Q4FY21 Results: BEL reported revenue at Rs 6,917 crore (+19% yoy) beating our estimates by 7%. EBITDA stood at Rs 1,981 crore (+33% yoy). EBITDA margin at 28.6% Vs 25.7% (+~300bps yoy). Net profit at Rs 1,368 crore (+31% yoy). BEL recommended a final dividend of Rs 1.20/ share. As on 31st Mar 21, the company has a healthy order book position of Rs. 53,434 crs (3.8x FY21 sales).
  • BEL achieves record turnover of Rs. 13500 crore

    1 Apr 2021 , 1:41PM BEL achieves turnover of about Rs 13,500 cr in FY21 against Rs 12,608 cr in FY20
  • Bharat Electronics

    16 Mar 2021 , 10:23AM The company’s board will meet today to consider declaration of second interim dividend for the financial year FY20-21- Positive
  • Amber Fabrics, Bharat Electronics

    12 Mar 2021 , 10:34AM PLI scheme for large-scale electronics manufacture opened for second round of applications; 8 specified electronic component segments being opened up for second round which includes Components such as SMT, discreet semiconductor devices including transistor, diodes, thyristors, passive components including resistors, capacitors for electronic application, Printed circuit boards, PCBs, sensors- Potential positives for Amber, Bharat electronics
  • Bharat Electronics: Stock Update

    3 Mar 2021 , 8:48AM Bharat Electronics: Stock Update- Upbeat on prospects ahead
  • Bharat Electronics

    25 Feb 2021 , 2:16PM Bharat Electronics: The company’s meeting of the Board is scheduled to be held on Tuesday, the 16th March 2021 to consider declaration of second interim dividend for the financial year 2020-21- Positive read through
  • BEL board to meet on March 16

    25 Feb 2021 , 2:15PM Board to consider second Interim Dividend
  • Bharat Electronics

    19 Feb 2021 , 10:25AM ICRA has reaffirmed Long-term rating of ICRA triple A to Rs 500 Crores fund based limits of credit and long term - unallocated to Rs 300 Crores. Short-term rating of ICRA A one plus to Rs 3, 500 Crores non-fund based limits of credit.
  • Bharat Electronics

    9 Feb 2021 , 10:11AM As per media reports, Triton has inked a pact with Bharat Electronics (BEL) for co-operation on energy storage systems and electric vehicles development. As per the memorandum of understanding, BEL will be the exclusive manufacturing partner to Triton in India to supply the identified products. Positive for BEL.
  • Bharat Electronics

    8 Feb 2021 , 9:39AM Bharat Electronics: Defence ministry and Bharat Electronics signed a contract for procurement of sotware defined Radio Tactical worth over Rs 1000 crore during Aero India in Bengaluru- Positive
  • Bharat Electronics: Result update Q3FY21

    29 Jan 2021 , 12:24PM Bharat Electronics: Result update Q3FY21: Operationally strong quarter, upbeat on prospects ahead
  • Bharat Electronics: Stock Update

    4 Jan 2021 , 11:29AM Bharat Electronics: Stock Update- Upbeat on prospects ahead
  • BEL signs Rs. 1,355-cr defence deal

    1 Jan 2021 , 12:45PM Deal involves supply of 10 Lynx U2 Fire Control systems for frontline warships
  • Bharat Electronics: Stock Update

    20 Nov 2020 , 10:36AM Bharat Electronics: Stock Update- Focus remains on sustainable growth
  • Bharat Electronics up as Jefferies maintains a buy call

    20 Nov 2020 , 10:31AM Bharat Electronics rises by 6% to Rs. 109.35, after Jefferies maintains a buy call on the stock with a target of Rs. 130 per share
  • BEL consolidated Q2FY21 results

    9 Nov 2020 , 10:59AM BEL consolidated Q2FY21 results: Strong results, better than our estimates on all fronts
  • L&T, Bharat Electronic, Bharat Forge, Hindustan Aeronautics, BEML

    18 Sep 2020 , 10:01AM Government approved proposal on allowing 74% FDI in defence through Automatic route from 49% earlier with a view to attract overseas players in the sector. Positive for L&T, Bharat Electronic, Bharat Forge, Hindustan Aeronautics, BEM
  • Bharat Electronics

    11 Sep 2020 , 10:58AM Bharat Electronics with a concerted focus on research and development (R&D) has increased indigenisation and added value to products; The company’s total investment on R&D as a percentage of turnover during FY20 stood at 7.5%
  • Bharat Electronics

    31 Aug 2020 , 10:29AM Bharat Electronics Limited: Stock Update – Better days ahead, Maintain Buy
  • Hindustan Aeronautics, Bharat Electronics

    18 Aug 2020 , 9:08AM As per media reports The Indian Air Force is set to finalise a deal with state owned Hindustan Aeronautics for procuring of 83 Mk1A version of the Light combat Aircraft Tejas, the deal is likely to be around Rs 38000 crore and expected to be signed by December – Positive read through for Hindustan Aeronautics and Bharat Electronics.
  • Bharat Electronics

    17 Aug 2020 , 9:57AM The company has stated that it has completed the manufacturing milestone of 30000 ICU ventilators in record time. The order was received from the ministry of Health & Family welfare in April 2020 to meet the increasing requirement considering the increase in COVID-19 cases. The company manufactured ICU ventilator model CV-200 based in licensing agreement with M/s Skanray Technologies Private limited, Mysuru and design support from DRDO. Also giving boost to the Atmanirbhar Bharat initiative the company has indigenously developed Linear Variable Differential Transducer – LVDT, a motion sensing and feedback control device. This device finds application in aerospace, missiles, solar, aircraft engines, wind energy and naval systems and also works in adverse climate conditions – Positive read though for the stock.
  • Bharat Electronics

    29 Jul 2020 , 12:00PM Bharat Electronics Limited: Stock Update: Q1FY2021 Result - Soft quarter reasonable valuation
  • Bharat Electronics

    28 Jul 2020 , 9:52AM Bharat Electronics Q1FY2021 Results - First cut: Mixed results - Revenue miss, margin beat
  • AAI, BEL sign MoU for co-operation in Civil Aviation Industry

    15 Jul 2020 , 11:11AM BEL collaborates with the Airports Authority of India for tapping emerging global opportunities in the airport business
  • Bharat Electronics

    15 Jul 2020 , 9:16AM The company has stated that it has signed an MOU with Airport Authority of India to address the emerging global opportunities in the airport business including those in the Asia Pacific region. The manufacturing of communication, navigation and surveillance (CNS) equipment in India is expected to reduce the cost substantially and save forex exchange outflow. Modernisation of airports and development of 100 new airports by 2024 in India is expected to create significant opportunity for the company in coming years. – Positive read through
  • Bharat Electronics

    2 Jul 2020 , 9:12AM Bharat Electronics Limited: Stock Update: Q4FY2020 Results - Strong performance, beats estimates
  • Bharat Electronics

    30 Jun 2020 , 10:53AM Bharat Electronics Q4FY2020 Results - Strong Performance, beat on all fronts
  • Bharat Electronics

    11 Jun 2020 , 12:01PM Bharat Electronics: COVID-19 pandemic impact assessment
  • Bharat Electronics

    3 Apr 2020 , 11:05AM The company has stated that it has posted a turnover in excess of Rs. 12,500 crore (Provisional & Unaudited) during FY2020( our expectation of Rs 13,214 crore, including other operating income of Rs 323 crore), registering a growth of 6%; order intake during the year was Rs 13000 crore (below our expectation) resulting in cumulative order book of Rs. 51,800 crore as of April 1, 2020. We believe that the award of some key order has been postponed owing to the lockdown due COVID-19.
  • BEL achieves record turnover in excess of Rs.12,500 crore

    1 Apr 2020 , 2:59PM Bharat Electronics (BEL) post a turnover in excess of Rs. 12,500 crore during the Financial Year 2019-20.
  • Bharat Electronics

    17 Feb 2020 , 12:17PM The company stated that the rating agency ICRA has reaffirmed the following credit ratings of the Company i) Long-term rating of [ICRA]AAA to Rs 500 Crores fund based limits of credit, fund based limit (term Loan) of Rs 100 Crores and for additional fund based limit of Rs 200 Crores (Unallocated), ii) Short-term rating of [ICRA]A1+ to Rs 3,500 Crores non-fund based limits of credit and iii) Short-term rating of [ICRA]A1+ to Rs 5 Crores Commercial Papers (CP) The rating agency also provided stable outlook on the long term ratings – Sentimentally positive read through
  • Bharat Electronics

    7 Feb 2020 , 3:15PM Lockheed Martin and BEL to explore opportunities in F-21 fighter programme; Lockheed Martin is strengthening and growing its partnerships with the Indian industry to support the company's F-21 proposal for the Indian Air Force – positive read-thru
  • BHEL, BEL sign MoU at the Defence Expo 2020

    7 Feb 2020 , 11:11AM Signing of MOU between BHEL and BEL
  • Bharat Electronics

    1 Feb 2020 , 9:37AM Bharat Electronics Limited: Stock Update: Q3FY2020 Result Update: Pinning hopes on Q4FY2020
  • Bharat Electronics

    31 Jan 2020 , 10:37AM BEL (Bharat Electronics) Q3FY20 result first cut: Result disappoints, expect 10-12% growth for FY2020E
  • Bharat Electronics

    6 Nov 2019 , 10:56AM Bharat Electronics: Stock Update: Q2FY2020 Results - Weak quarter
  • Bharat Electronics

    5 Nov 2019 , 11:01AM Bharat Electronics Q2FY2019 results: Weak quarter
  • BEL signs MoU with Tamil Nadu Explosives

    17 Oct 2019 , 3:05PM Company is investing to upgrade existing facilities and adding new ones
  • BEL wins IAF order

    16 Sep 2019 , 2:36PM Order relates to Akash Missile Systems
  • Bharat Electronics Limited: Q1FY2020 Result Update

    31 Jul 2019 , 12:15PM Bharat Electronics Limited: Q1FY2020 Result Update: Stock Update - A mixed bag
  • Bharat Electronics Q1 revenues below expectation

    30 Jul 2019 , 11:33AM Bharat Electronics Q1FY2020 Results (standalone): First Cut – Revenues below expectation, beat on margins
  • BEL achieves highest order intake of Rs. 23,200 crore during FY2018-19

    1 Apr 2019 , 1:06PM Bharat Electronics: The company has stated that it achieved highest order intake of Rs 23,200 crores during FY2018-19 and also achieved a provisional turnover of Rs.11,700 crore for 2018-19. The company closed the year with an outstanding order book of Rs 51,600 as on 1.4.2019 – positive read thru (overall provisional numbers broadly in-line with expectation), order inflows remain strong for FY19 (augurs well for growth visibility)
  • BEL receives export order for $ 33 million

    25 Feb 2019 , 2:59PM Navratna Defence PSU gets export orders valued about $ 33 million from Elbit Systems ElectroOptics Elop
  • BEL signs teaming agreement with Hughes India

    22 Feb 2019 , 10:01AM Bharat Electronics has signed a teaming agreement with Hughes India to provide satellite communication solutions for helicopter and has also signed an MoU with JSR Dynamics for manufacture and sale of Glide Weapons and Light Weight Cruise Missiles. The company has also launched Atmospheric Water Generator (Safe Drinking Water, Straight from the Air). It - Positive read through.
  • BEL signs MOU with JSR Dynamics

    22 Feb 2019 , 9:56AM Navratna Defence PSU signs MoU with a Nagpur-based start-up Company, at Aero India 2019 in Bengaluru
  • Bharat Electronics

    31 Jan 2019 , 9:22AM BEL reported strong Q3 Standalone, YoY Revenue up 8.4% at Rs 2.716.5 crore. Net profit up 67.6% at Rs 507.6 crore. Ebitda up 72.5% at Rs 768.1 crore. Margin at 28.3% versus 17.8%
  • BEL gets contract from defense contractor IAI

    25 Oct 2018 , 9:55AM Bharat Electronics stated that it has received US$ 777 million contract from Israel-based government-owned defense contractor Israel Aerospace Industries Ltd. (IAI) – Positive read through
  • Bharat Electronics: Stock update

    27 Sep 2018 , 11:52AM Stock update - Management clarification and positive commentary boost confidence, upgrade to Buy
  • BEL shares soar as management sees 17-19% growth in 3 years

    26 Sep 2018 , 2:43PM Bharat Electronics rises over 13% to Rs. 86.3, after management maintains growth targets for FY19
  • BEL Analyst meet

    26 Sep 2018 , 10:42AM BEL Analyst meet: Management has clarified on the policy circular on defence, and expect worst case PBIT margins impact of 100bps owing to defence procuring policy changes , which is much better than street earlier expectation of 250bps negative impact on PBIT margins. Management has also stated that the new defence policy will helps in reducing the delay in awarding of defence contracts, though working capital continues to remains at elevated levels. Overall commentory looks postive for BEL, stock has already corrected 30% in recent month, we have a HOLD rating on the stock.
  • BEL order book crosses Rs. 5000 cr

    6 Sep 2018 , 11:51AM BEL enters into contract worth about Rs. 9,200 crore with Mazagon Dock and Garden Reach Shipbuilders and Engineers to supply LRSAM systems
  • BEL gets contract surface-to-air missiles of Rs. 9,200 cr

    6 Sep 2018 , 11:35AM BEL gets contract for surface-to-air missiles of Rs. 9,200 crore – positive read-thru
  • BEL: stock update Q1FY2019 Results Review

    2 Aug 2018 , 3:28PM BEL: stock update Q1FY2019 Results Review- Strong order book provides visibility; Maintain Buy
  • BEL reports Q1 strong Performance

    31 Jul 2018 , 3:50PM BEL Q1 net profit rises by 43.5% to Rs180 cr for the Quarter ended June 30, 2018
  • Govt to divest 5% in BEL

    25 Jul 2018 , 11:08AM The government is planning to sell 5% stake in Bharat Electronics through offer for sale
  • BEL signs MoU with Saab, Sweden

    17 Jul 2018 , 11:13AM BEL signs MoU with Saab, Sweden, recently for jointly marketing the L-Band 3D Air Surveillance Radar, RAWL-03, co-developed by BEL and Saab
  • Strong order book provides visibility for Bharat Electronics

    31 May 2018 , 11:55AM We maintain our Buy rating on the stock with a revised price target (PT) of Rs.145, based on 21x FY2020 earnings of Rs 6.9/ share.
  • Bharat Electronics reports disappointing quarterly performance

    30 May 2018 , 10:31AM We currently have a buy rating on the stock and will come out with a detailed update today.
  • L&T signs MoU with BEL for defence products and systems

    12 Apr 2018 , 10:00AM Positive read through for both BEL and L&T, partnership would help to enhance their product range by synergising their strengths
  • Bharat Electronic Limited - Stock Update: Correction presents an attractive buying opportunity

    3 Apr 2018 , 9:24AM Valuations: Price target revised downwards to Rs. 180; Maintain Buy: We have revised our earnings estimates for FY2018/FY2019/FY2020E to factor lower margin assumptions coupled with reduction in other income and higher tax rate. We expect earnings CAGR of 19.5% over FY2018-FY2020E. Given the steep correction, the current risk reward for the stock looks favourable for investments. BEL continues to remain our preferred pick in the domestic defence play on account of its strong manufacturing and R&D capabilities, growing indigenisation and strong balance sheet with improving return ratios. We maintain our Buy rating on the stock with a revised price target (PT) of Rs. 180.
  • Government approves Rs16,000 crore arms purchase plan

    14 Feb 2018 , 11:26AM Positive read through for Bharat Electronics as we believe that BEL has significant competitive advantages to capture the large chunk of these defence spends
  • BEL bags power distribution project

    7 Feb 2018 , 2:17PM Bajaj Electricals announces that its engineering & project business unit bagged a power distribution project worth $4.12 million
  • Bharat Electronics' Q2 results post stellar performance

    1 Nov 2017 , 11:56AM We upgrade our rating on the stock to Buy from Hold with a revised target price (TP) of Rs.220
  • Bharat Electronics delivers better-than-expected revenue growth in Q2

    31 Oct 2017 , 11:58AM After a stellar performance in Q1FY18, BEL has reported another quarter of strong performance across all parameters. During Q2FY18, BEL has delivered better-than-expected revenue growth of 38% yoy to Rs2,476.2 crore.
  • BEL Management expects 15000 inflows annually in FY18-20E

    21 Sep 2017 , 9:07AM Bharat Electronics: For FY18E, management guided for 16% revenues growth. BEL-Thales JV will take time to ramp up. Stock to be in focus, we have a HOLD rating on the stock with TP of Rs200.
  • BEL: Stellar performance in a weak quarter

    2 Aug 2017 , 3:19PM During Q1FY2018, BEL delivered the best Q1 revenue performance in the past seven years, despite weak seasonality

Key fundamentals

Evaluate the intrinsic value of Bharat Electronics Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 16082.39 13581.99 11984.26 10807.89 9852.94
Liabilities 16082.39 13581.99 11984.26 10807.89 9852.94
Equity 730.98 730.98 243.66 243.66 243.66
Gross Profit 4998.17 4047.52 3309.24 3181.12 2730.13
Net Profit 4020 3006.67 2348.93 2065.42 1793.83
Cash From Operating Activities 4648.01 1155.19 4161.16 5103.46 2532.53
NPM(%) 19.93 17.03 15.33 14.68 13.88
Revenue 20169.39 17646.2 15313.76 14063.83 12921.11
Expenses 15171.22 13598.68 12004.52 10882.71 10190.98
ROE(%) 22.76 17.02 13.3 11.69 10.15

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
11 Mar 2025 1.5 150 0.79 274.92
14 Aug 2024 0.8 80 0.79 274.15
09 Feb 2024 0.7 70 0.79 190.9
17 Aug 2023 0.6 60 0.79 110.45
24 Mar 2023 0.6 60 0.79 94.9
10 Feb 2023 0.6 60 0.79 88.95
08 Aug 2022 1.5 150 0.79 231.4
24 Mar 2022 1.5 150 0.79 215.05
09 Feb 2022 1.5 150 0.79 207.1
14 Sep 2021 1.2 120 0.79 151.4
23 Mar 2021 1.4 140 0.79 141.7
08 Feb 2021 1.4 140 0.79 131.2
15 Sep 2020 1.4 140 0.79 89.05
11 Feb 2020 1.4 140 0.79 90.65
20 Aug 2019 1.7 170 0.79 112.2
27 Mar 2019 0.7 70 0.79 92.4
19 Mar 2019 0.7 70 0.79 91.65
08 Feb 2019 0.3 30 0.79 84
20 Aug 2018 0.4 40 0.79 122.8
08 Feb 2018 1.6 160 0.79 169.35
14 Aug 2017 1.05 105 0.79 172.1
29 Mar 2017 0.9 90 0.79 155.55
02 Feb 2017 3 30 0.79 1432.2
18 Aug 2016 14.5 145 0.79 1183.05
04 Feb 2016 2.5 25 0.79 1293.8
10 Aug 2015 23.2 232 0.79 3579.3
28 Jan 2015 6 60 0.79 3202.2
12 Sep 2014 17.3 173 0.79 1607.6
29 Jan 2014 6 60 0.79 990.45
06 Sep 2013 16.3 163 0.79 1266.7
30 Jan 2013 6 60 0.79 1290.7
07 Sep 2012 10.8 108 0.79 1283.1
01 Feb 2012 10 100 0.79 1500.55
13 Sep 2011 15.6 156 0.79 1597.75
02 Feb 2011 6 60 0.79 1683.15
13 Sep 2010 13.2 132 0.79 1710.35
03 Feb 2010 6 60 0.79 1971.85
14 Sep 2009 12.7 127 0.79 1328.6
28 Jan 2009 6 60 0.79 759.1
12 Sep 2008 14.7 147 0.79 1030.5
30 Jan 2008 6 60 0.79 1914.35
07 Sep 2007 14 140 0.79 1841.15
25 Jan 2007 4 40 0.79 1333.85
01 Sep 2006 10.6 106 0.79 1071
31 Oct 2005 4 40 0.79 745.45
31 Aug 2005 7.2 72 0.79 729.7
07 Dec 2004 4 40 0.79 574.55
07 Sep 2004 10 100 0.79 390.05
29 Aug 2003 7 70 0.79 315.2
12 Sep 2002 0 50 0.79 208.95
0 50 0.79 205.05
27 Aug 2001 0 40 0.79 65.8
0 20 0.79 63.7

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Company Info

1954 - The Company was incorporated starting with Bangalore unit. The Company Manufacture electronic communication equipments such as HF/VHF communication transmitters and receivers, HF/VHF microwave radio relays and radars, electronic components needed mainly by Defence services and also by the entertainment industry like radio, TV, etc. The Company received progressive self reliance in the areas of radio communication, radars, broadcasting components. - The Company devotes considerable effort to deliver state-of-the-art equipments to defence users. 1985 - 4,30,000 shares were issued to the President of India. 1986 - 1,10,000 shares issued to the President of India. 1987 - Some of the major accomplishments in the design and development activities were Cyclone warning radar for Indian Meteorological Department, Multiple target field artillery radar for Army. - Components like a vapour cooled 45KW transmitting tube, ICS and HMCs for telecommunication applications and a variety of types of transistors were introduced in the market. - 1,10,000 shares issued to the President of India. 1988 - The Company developed a 10KW TV transmitter, system design of the Central Production Centre at New Delhi for Doordarshan, solid state FM transmitters and a new generation of 10KW mediumwave transmitters, 120 channel UHF digital radio relay equipment for the Department of Telecommunications. 1989 - 1,10,000 shares issued to the President of India. 1990 - The Company entered into the Satellite Communication and simulators segments of business and widened the export base both in terms of market and products. The Company introduced indigenously developed automatic test equipment for the army, ship handling simulators for the Navy, low capacity 40 line electronic exchange for rural applications and high reliability semi conductor devices for space applications. - 50,000 shares issued to the President of India. 1993 - During the year, Taloja, Machilipatnam, Ghaziabad, Kotdwara and Panchkula units registered losses mainly due to lack of order from defence rector. Production of Ghaziabad, Machilipatnam and Kotdwara has been affected due to lack of orders from Defence Sector and DOT. 1994 - The Company has signed a MOU with General Electric Company, USA for forming a joint venture company for manufacture and supply of of X-Ray Tubes. - The Company set up a joint venture 100% export oriented unit with Oldelft, Netherlands, for the manufacture of image intensifiers. Another joint venture was entered with HMT and KSIIDC for manufacture of watch crystals. The Company also proposed a joint development programme with a Swiss company for updating of radars. 1996 - Machilipatnam and Kotdwara units incurred losses due to lack of orders from Defence Services and DOT. Taloja unit suffered due to fall in demand for 20" Black and White TV Glass Shells. - The Company diversified its activities into related areas of like Energy Saver, Fish Finder, Solar Cells & Systems, Emergency Communication Systems for Railways, Contract Manufacturing etc. 1997 - The company is setting up facilities for the manufacture of Silicon Wafers at Bangalore Complex with an investment of Rs 2000 lakhs. - The Company has entered into a number of collaboration agreement with leading foreign companies for manufacture of State-of-the-art equipment and products. - The Company had set up a Central Research Laboratory (CRL) at Bangalore to undertake research in frontier areas of technology. The Company proposed to establish second CRL at Ghaziabad which would focus on signal processing computers, antenna and microwave engineering. - The Company entered into a joint venture with Multitone Electronics Plc of UK offering mobile communication solutions for the workplace. Another joint venture was entered with GE Medical Systems and formed GE BE Private Ltd., for manufacturing a High End Rotating Anode Medical Diagnostic X-ray Tube called CT MAX used in CT Scanners. - The debentures were issued on private placement basis: 16,00,000-15% Non-convertible debentures of Rs 100 each. (Redeemable at 5% premium in four equal annuam instalments starting from 11.9.1992). 4,00,000-15% Non-convertible debentures of Rs 100 each. (Redeemable in four equal yearly instalments at a premium of 5% starting from 3.10.1992). 15,00,000-14% Non-convertible debentures of Rs 100 each. (Redeemable in equal half-yearly instalment at a premium of 5% at the end of 7th, 8th and 9th years from the date of allotment, the earliest date of redemption being 28.10.1995). - 5,00,000-14% Non-convertible debentures of Rs 100 each. (Redeemable in three equal yearly instalments at a premium of 5% starting from 31.10.1995). - 1,60,00,000 shares of Rs 10 each amounting to 20% of the subscribed and paid up capital of Rs 80 crores was disinvested. - The public sector Bharat Electronics (BEL) is firming up a joint venture with Multitone of the UK to offer closed user group (CUG) paging services for the first time in the country. - Bharat Electronics Ltd. is talking to Raytheon for a teaming arrangement for airport modernisation systems. - BEL will be setting up its first radar surveillance unit at the Calcutta airport and in Chennai airport. - The public sector Bharat Electronics Limited (BEL) unveiled its range of products developed recently for the domestic market. - The company has developed an alaram system for unmanned level crossings, which would provide both audio and visual signals of the arriving train. - BEL has also developed conquest, an energy saver device, in technical collaboration with an US technology invention company Condyne Technology. - BE is India's first defence and professional electronics company to be awarded the ISO 9002 certification, the benchmark of international quality. - The public sector Bharat Electronics Limited (BEL) is now on the Internet, with the website developed by the company's international marketing division. - The company makes electronics for rocket and launch vehicles used by the Indian Space research Organisation (ISRO). - Bharat Electronics signed a joint venture agreement with Multitone Electronics Plc of UK to set up a joint venture company which will offer mobile communication products for the workplace. The new company will be called BEL-Multitone Pvt Ltd. - Bharat Electronics Ltd has signed a joint venture with General Electric, a $80 billion Fortune 500 company to manufacture X-ray tubes and detectors. - The venture company GE BEL launched its new X-ray 40,000 sq.ft tube facility at the Export Promotion Industrial park, Whitefield on 19.11.97. 1998 - Employees of Bharat Electronics Ltd. (BEL) in all the nine units nationwide went on a one-day strike. - Public sector Bharat Electronics Ltd's (BEL), Ghaziabad unit has bagged a safety award of merit from National Safety Council, USA. This is for the first time any unit of BEL is winning this award. - The company has established a joint venture company with GE for the manufacture of medical systems. - BEL is also diversifying into manufacture of silicon wafers by setting up facilities in Bangalore. - Bharat Electronics Ltd. (BEL) has entered into a strategic alliance with National Semiconductor Corporation to build motherboards for personal computers around the Media GX processor. - Gobal avionics systems major Sextant Avionics has signed an agreement to transfer the technology for liquid crystal display (LCD) systems for MiG 21 aircraft to public sector Bharat Electronics Ltd. - Hindustan Aeronautics Ltd. (HAL), and Bharat Electronics (BEL), Bangalore, are among the six winners of the 1998 national awards for outstanding achievements in research and development (R and D) in different areas of industry. 1999 - BEL Multitone is a 51:49 joint venture company of Multitone Electronics, UK and BEL. - Bharat Electronics (BE) Ltd. is setting up an integrated circuit (IC) design centre at its manufacturing unit in Jalahally near Bangalore in associated with a US partner. - Bharat Electronics, a professionals electronics company, which has found success in its increasingly popular microprocessor-based electronic voting machine (EVM), has supplied a state-of-the-art microprocessor based 1 kVA solar power supply unit to power a rural information technology network. - BEL also set up an Integrated Circuit design centre and another plant to manufacture polysilicon cell which harnesses solar energy during the past few months at its existing facility in Jalahalli. - The company has diversified its operations at the Taloja unit in Maharashtra which was producing glass shells for black & White television tubes. - The company had tried to raise some funds for setting up the colour picture tube unit. 2000 - The aeronautics major Hindustan Aeronautics Ltd and the electronics heavyweight Bharat Electronics Ltd have signed a memorandum of understanding, to bring snyergy in their core competencies and to complement one another's capabilities. - The Company has bagged two awards for excellence in electronics for 1998. - The Investment and Credit Rating Agency has withdrawn the LAA (L double A) rating indicating high safety assigned to the Rs 100 crore Bond programme of Bharat Electronics Limited. 2002 - BEL has informed changes in the Board to the exchange which includes appointment of Air Marshall V A Patkar as part time director in the place of Vice Admiral A.S.Krishnan. -Vice Admiral P.C.Bhashin appointed as the director of the Board by Government of India -BEL has become first defense PSU to acquire operational status of mini ratna category-1. -BEL committed towards improving social sector through some projects like Akshaya and BEL Ladies Association. -Company sets a sales target of 2000 crs for the financial year 02-03. -GOI has appointed Mr.P.R.K.Haragopal as Director(finance) in place of Mr.P.Bhaskaran Naidu. -Review of the unaudited financial results by the auditors for the financial year sept-2002. -The first batch of, indegenously produced invar filters by BEL have been handed over to ISRO. -BEL and PicoPeta Simputers pvt ltd are joining together to manufacture and market a new range of hand-held indegenously developed simputers. 2003 -Mrs Rita Menon has been appointed as new official director of BEL. -GOI appoints Mr S.K.Mehta as Director on the Board of Bharat Electronics. -Company has recorded its highest ever turnover of Rs. 25710 million for 02-03, with an increase of 32%. -BEL recorded 39% increase in its gross profit at Rs.395 cr as compared to Rs.285 cr last year -Company has changed the name of its subsidiary from BE -Delft Electronics Ltd to BEL Optronic Devices Ltd. -BEL became the first PSU to be adjudged 'The Best Company' for 2002-03 by the Bangalore Stock Exchange. -BEL received order from TN government to supply, install and commission the 2 GHz 120-channel Digital Microvave communication system on turnkey basis. -Company formulates its vision statement targeting to a turnover to 50,000 million. -Mr.S.Paneer Selvam, Senior Technical Assistant in BEL's Naval Systems Strategic Business Unit has received Prime Minister's Shram Shri Award for the year 2003. -Dr V K Koshy, Chairman & Managing Director of the company resigned and GOI has appointed Mr Y Gopala Rao as Chairman & Managing Director on the Board of Directors 2004 -Bharat Electronics gives order worth Rs 8.9 Cr to Astra Microwave -Bharat Electronics Ltd has informed that Mr. K. U. Limaye, Director, Electronics & Radar Development Establishment, Bangalore has been appointed as part-time Director on the Board of Directors of Bharat Electronics Ltd in place of Mr. N. Divakar, who has since retired. -Bharat Electronics Ltd has informed that the Comptroller and Auditor General of India (C&AG), has recently appointed the following firms as Statutory/Branch Auditors of the company for the year 2003-04: 1. Statutory Auditors: M/s Suri and Co (Statutory auditors, HO, Consolidation of accounts and auditors for Banglore, Chennai and Hyderabad units).; 2. Branch Auditors: M/s Bubber Jindal & Co., (auditors for Ghaziabad, Panchkula and Kotdwara Units); M/s N V Sarma and Co., (auditors for Machilipatnam Unit); M/s Joshi & Sahney, (Auditors for Pune and Taloja Units). -Shifts Registered office to new premises w.e.f. March 15, 2004. The address is as follows: Bharat Electronics Ltd, Nagavara, Outer Ring Road, Bangalore 560 045. Tel: 080-2503 9300; Fax: 2503 9305. 2004 -BEL, PicoPeta Simputers launch Amida Simputer, a hand-held computing device - PicoPeta Simputers Pvt Ltd and Bharat Electronics Ltd (BEL) have launched the Simputer handheld computing device for the enterprises called 'Amida Alchamy.' -BEL CMD wins Electronics Man of the Year award -L&T and BEL join hands to develop radar for Army - Bharat Electronics Limited (BEL) signs agreement with Wipro Infotech for company wide implementation of MySAP Business Suite, 2005 -BEL inks contract of $1.6m with Suriname -BEL declares 40% interim dividend for '04-05 -BEL gets prestigious ICWAI Award 2006 -Bharat Electronics secures order for Set Top Boxes 2007 - Bharat Electronics Ltd has appointed Mr. N K Sharma as Director (Marketing) on the Board of Directors of the Company. Prior to this appointment, Mr. N K Sharma has been holding the post of General Manager, heading the Ghaziabad Unit of the Company. - Bharat Electronics Ltd has promoted three of its general managers as Executive Directors with effect from November 1. Mr D.A. Mohan, ED (Telecom & Broadcast Systems) at BEL-Bangalore; Mr Anand Kumar is ED (BEL-Ghaziabad); and Mr V. Sundararaman, ED (Technology Planning) at the Corporate Office in Bangalore. -Bharat Electronics bags IETE award for software development -Bharat Electronics signs 2 MoUs on Day 1 of Aero India 2007 2008 -Bharat Electronics Ltd has informed that Government of India has appointed Lt. Gen P Mohapatra, Signal Officer-in-Chief, Army Headquarters, as a part-time official Director on the Board of Directors of the Company in place of Lt. Gen (Retd.) S P Sree Kumar. -Bharat Electronics to open Product Support Centre at Kochi -BEL receives SCOPE award -BEL to display state-of-the-art defence electronics products & systems at DEFEXPO 2008 for global market -BEL signs term sheet, MoUs at Defexpo 2008 2009 -BEL wins Raksha Mantri's Awards - BEL signs MoU with BHEL for Solar JV 2010 -BEL sets up biz unit for naval sonar systems 2011 -Appointment of S. K. Sharma as Director of the Company -BharatElectr - Boardrecommended a final dividend of 156% (i.e. Rs.15.60 ) 2012 -Bharat Electronics Limited India (BEL) signed an MoU with Israel Aerospace Industries (IAI) for cooperation on future Long Range Surface to Air Missile (LRSAM) Ship-defence Systems". 2013 - The company have declared payment of 163% Final Dividend (i.e. Rs. 16.30 per equity share of Rs. 10/- each). 2014 - BEL records Rs. 6,180 cr turnover (provisional) - BEL has recommended a final dividend of Rs. 17.30 per share, this is in addition to the interim dividend of Rs. 6 per share for the year. - The company has decided to form a Joint Venture Company (JVC) with Thales Air Systems SA, France and Thales India in Radar Business Area. 2015 -Bharat Electronics - VP of India, M Hamid Ansari, inaugurated the modernised BEL Software Technology Centre (BSTC) of Navratna Defence PSU Bharat Electronics -BEL receives additional Purchase Order for CoMPASS from Elbit Systems -The Company has allotted the Bonus Shares to its shareholders in the Ratio of 2:1. 2016 -BEL wins Raksha Mantri Awards -BEL receives PSE Excellence Award -BEL launches Remote Controlled Weapon Station for MBT Arjun Mk II -BEL launches BELCOMNET communication network -BEL bags India Pride Award -BEL celebrates World Health Day 2017 -'BEL Achieves Turnover of Rs. 8800 Crores'. -`BEL wins six Raksha Mantri's Awards'. -"BEL launches Remote Controlled Weapon Station for MBT Arjun Mk II". -"BEL receives Offset Contract for CoMPASS from Elbit Systems Electro Optics - ELOP Ltd, Israel". -BEL signs MoU with Department of Defence Production. --BEL wins Excellence Award for 'Responsible Organisation'. 2018 - 16 MW grid-connected Solar Power Plant set up by BEL at Heavy Vehicle Factory (HVF), Avadi. -BEL achieves landmark turnover of more than Rs.10,000 Crores. -BEL signs MoU with L&T at Def expo 2018. -BEL won AIMA award for &Outstanding PSU of the Year. 2019 -BEL signs teaming agreement with Hughes India for helicopter SATCOM Solutions. -BEL launches atmospheric water generator safe drinking water, straight from the air. -BEL receives export order worth USD 33 million from Elbit. -BEL achieves provisional & unaudited turnover of Rs.11,700 crores for FY 2018-19. 2020 -BEL achieves record turnover in excess of Rs 12,500 crore. -BEL received Governance Now' Awards for Research & Innovation, HR Excellence and Geo-Strategic Reach. -BEL received Jamnalal Bajaj Award for Fair Business Practices, instituted by the Council for Fair Business Practices, in the Manufacturing Enterprises - Large category. -BEL completes manufacturing milestone of 30,000 ventilators. 2021 -BEL received PSE Excellence Award 2019 for Corporate Governance awarded by the Indian Chamber of Commerce (ICC). -Bharat Electronics signs MoU with BPL Medical Technologies. -BEL signs MoU with L&T. -BEL receives 12 Green Channel Certificates for 41 products. -BEL contributes Rs. 5.45 Crores to PM CARES Fund to combat COVID-19 second wave. -BEL signs MoU with Grene Robotics Pvt Ltd 2022 - BEL has signed MoU with Armoured Vehicles Nigam and Advanced Weapons and Equipment India to meet the requirements of domestic and export markets. -BEL has signed an MoU with Goa Shipyard (GSL) for joint development of products/solutions in the area of autonomous navigation and associated fields. -BEL signs pact with Meslova for developing products services in artificialintelligence/machine learning. The response from the Company is attached. -BEL has recommended the issue of Bonus Shares in the ratio of 2:1. 2023 - The Company has (BEL) has signed an MoU with Aeronautical Development Agency (ADA), DRDO, for the Advanced Medium Combat Aircraft (AMCA) programme. The MoU was announced on the sidelines of the Bandhan event held at Aero India 2023. The Advanced Medium Combat Aircraft is a 5th Generation, multi-role, all-weather fighter aircraft designed with high survivability and stealth capability. The MoU aims at leveraging the complementary strengths and capabilities of BEL and ADA, wherein both the parties will co-operate for the design, development, qualification, production and supply of Internal Weapon Bay Computer and other LRUs for AMCA and provide lifetime product support to the Indian Air Force. 2024 -BEL receives orders worth over Rs. 500 Cr. -BEL and Israel Aerospace Industries company, have announced the establishment of a joint venture company which has been incorporated in the name of BEL IAI AeroSystems Private Ltd. -BEL receives orders worth Rs.634 Crores. -Bharat Electronics Signs Agreement With Reliasat To Collaborate On Space Product.

1954 - The Company was incorporated starting with Bangalore unit. The Company Manufacture electronic communication equipments such as HF/VHF communication transmitters and receivers, HF/VHF microwave radio relays and radars, electronic components needed mainly by Defence services and also by the entertainment industry like radio, TV, etc. The Company received progressive self reliance in the areas of radio communication, radars, broadcasting components. - The Company devotes considerable effort to deliver state-of-the-art equipments to defence users. 1985 - 4,30,000 shares were issued to the President of India. 1986 - 1,10,000 shares issued to the President of India. 1987 - Some of the major accomplishments in the design and development activities were Cyclone warning radar for Indian Meteorological Department, Multiple target field artillery radar for Army. - Components like a vapour cooled 45KW transmitting tube, ICS and HMCs for telecommunication applications and a variety of types of transistors were introduced in the market. - 1,10,000 shares issued to the President of India. 1988 - The Company developed a 10KW TV transmitter, system design of the Central Production Centre at New Delhi for Doordarshan, solid state FM transmitters and a new generation of 10KW mediumwave transmitters, 120 channel UHF digital radio relay equipment for the Department of Telecommunications. 1989 - 1,10,000 shares issued to the President of India. 1990 - The Company entered into the Satellite Communication and simulators segments of business and widened the export base both in terms of market and products. The Company introduced indigenously developed automatic test equipment for the army, ship handling simulators for the Navy, low capacity 40 line electronic exchange for rural applications and high reliability semi conductor devices for space applications. - 50,000 shares issued to the President of India. 1993 - During the year, Taloja, Machilipatnam, Ghaziabad, Kotdwara and Panchkula units registered losses mainly due to lack of order from defence rector. Production of Ghaziabad, Machilipatnam and Kotdwara has been affected due to lack of orders from Defence Sector and DOT. 1994 - The Company has signed a MOU with General Electric Company, USA for forming a joint venture company for manufacture and supply of of X-Ray Tubes. - The Company set up a joint venture 100% export oriented unit with Oldelft, Netherlands, for the manufacture of image intensifiers. Another joint venture was entered with HMT and KSIIDC for manufacture of watch crystals. The Company also proposed a joint development programme with a Swiss company for updating of radars. 1996 - Machilipatnam and Kotdwara units incurred losses due to lack of orders from Defence Services and DOT. Taloja unit suffered due to fall in demand for 20" Black and White TV Glass Shells. - The Company diversified its activities into related areas of like Energy Saver, Fish Finder, Solar Cells & Systems, Emergency Communication Systems for Railways, Contract Manufacturing etc. 1997 - The company is setting up facilities for the manufacture of Silicon Wafers at Bangalore Complex with an investment of Rs 2000 lakhs. - The Company has entered into a number of collaboration agreement with leading foreign companies for manufacture of State-of-the-art equipment and products. - The Company had set up a Central Research Laboratory (CRL) at Bangalore to undertake research in frontier areas of technology. The Company proposed to establish second CRL at Ghaziabad which would focus on signal processing computers, antenna and microwave engineering. - The Company entered into a joint venture with Multitone Electronics Plc of UK offering mobile communication solutions for the workplace. Another joint venture was entered with GE Medical Systems and formed GE BE Private Ltd., for manufacturing a High End Rotating Anode Medical Diagnostic X-ray Tube called CT MAX used in CT Scanners. - The debentures were issued on private placement basis: 16,00,000-15% Non-convertible debentures of Rs 100 each. (Redeemable at 5% premium in four equal annuam instalments starting from 11.9.1992). 4,00,000-15% Non-convertible debentures of Rs 100 each. (Redeemable in four equal yearly instalments at a premium of 5% starting from 3.10.1992). 15,00,000-14% Non-convertible debentures of Rs 100 each. (Redeemable in equal half-yearly instalment at a premium of 5% at the end of 7th, 8th and 9th years from the date of allotment, the earliest date of redemption being 28.10.1995). - 5,00,000-14% Non-convertible debentures of Rs 100 each. (Redeemable in three equal yearly instalments at a premium of 5% starting from 31.10.1995). - 1,60,00,000 shares of Rs 10 each amounting to 20% of the subscribed and paid up capital of Rs 80 crores was disinvested. - The public sector Bharat Electronics (BEL) is firming up a joint venture with Multitone of the UK to offer closed user group (CUG) paging services for the first time in the country. - Bharat Electronics Ltd. is talking to Raytheon for a teaming arrangement for airport modernisation systems. - BEL will be setting up its first radar surveillance unit at the Calcutta airport and in Chennai airport. - The public sector Bharat Electronics Limited (BEL) unveiled its range of products developed recently for the domestic market. - The company has developed an alaram system for unmanned level crossings, which would provide both audio and visual signals of the arriving train. - BEL has also developed conquest, an energy saver device, in technical collaboration with an US technology invention company Condyne Technology. - BE is India's first defence and professional electronics company to be awarded the ISO 9002 certification, the benchmark of international quality. - The public sector Bharat Electronics Limited (BEL) is now on the Internet, with the website developed by the company's international marketing division. - The company makes electronics for rocket and launch vehicles used by the Indian Space research Organisation (ISRO). - Bharat Electronics signed a joint venture agreement with Multitone Electronics Plc of UK to set up a joint venture company which will offer mobile communication products for the workplace. The new company will be called BEL-Multitone Pvt Ltd. - Bharat Electronics Ltd has signed a joint venture with General Electric, a $80 billion Fortune 500 company to manufacture X-ray tubes and detectors. - The venture company GE BEL launched its new X-ray 40,000 sq.ft tube facility at the Export Promotion Industrial park, Whitefield on 19.11.97. 1998 - Employees of Bharat Electronics Ltd. (BEL) in all the nine units nationwide went on a one-day strike. - Public sector Bharat Electronics Ltd's (BEL), Ghaziabad unit has bagged a safety award of merit from National Safety Council, USA. This is for the first time any unit of BEL is winning this award. - The company has established a joint venture company with GE for the manufacture of medical systems. - BEL is also diversifying into manufacture of silicon wafers by setting up facilities in Bangalore. - Bharat Electronics Ltd. (BEL) has entered into a strategic alliance with National Semiconductor Corporation to build motherboards for personal computers around the Media GX processor. - Gobal avionics systems major Sextant Avionics has signed an agreement to transfer the technology for liquid crystal display (LCD) systems for MiG 21 aircraft to public sector Bharat Electronics Ltd. - Hindustan Aeronautics Ltd. (HAL), and Bharat Electronics (BEL), Bangalore, are among the six winners of the 1998 national awards for outstanding achievements in research and development (R and D) in different areas of industry. 1999 - BEL Multitone is a 51:49 joint venture company of Multitone Electronics, UK and BEL. - Bharat Electronics (BE) Ltd. is setting up an integrated circuit (IC) design centre at its manufacturing unit in Jalahally near Bangalore in associated with a US partner. - Bharat Electronics, a professionals electronics company, which has found success in its increasingly popular microprocessor-based electronic voting machine (EVM), has supplied a state-of-the-art microprocessor based 1 kVA solar power supply unit to power a rural information technology network. - BEL also set up an Integrated Circuit design centre and another plant to manufacture polysilicon cell which harnesses solar energy during the past few months at its existing facility in Jalahalli. - The company has diversified its operations at the Taloja unit in Maharashtra which was producing glass shells for black & White television tubes. - The company had tried to raise some funds for setting up the colour picture tube unit. 2000 - The aeronautics major Hindustan Aeronautics Ltd and the electronics heavyweight Bharat Electronics Ltd have signed a memorandum of understanding, to bring snyergy in their core competencies and to complement one another's capabilities. - The Company has bagged two awards for excellence in electronics for 1998. - The Investment and Credit Rating Agency has withdrawn the LAA (L double A) rating indicating high safety assigned to the Rs 100 crore Bond programme of Bharat Electronics Limited. 2002 - BEL has informed changes in the Board to the exchange which includes appointment of Air Marshall V A Patkar as part time director in the place of Vice Admiral A.S.Krishnan. -Vice Admiral P.C.Bhashin appointed as the director of the Board by Government of India -BEL has become first defense PSU to acquire operational status of mini ratna category-1. -BEL committed towards improving social sector through some projects like Akshaya and BEL Ladies Association. -Company sets a sales target of 2000 crs for the financial year 02-03. -GOI has appointed Mr.P.R.K.Haragopal as Director(finance) in place of Mr.P.Bhaskaran Naidu. -Review of the unaudited financial results by the auditors for the financial year sept-2002. -The first batch of, indegenously produced invar filters by BEL have been handed over to ISRO. -BEL and PicoPeta Simputers pvt ltd are joining together to manufacture and market a new range of hand-held indegenously developed simputers. 2003 -Mrs Rita Menon has been appointed as new official director of BEL. -GOI appoints Mr S.K.Mehta as Director on the Board of Bharat Electronics. -Company has recorded its highest ever turnover of Rs. 25710 million for 02-03, with an increase of 32%. -BEL recorded 39% increase in its gross profit at Rs.395 cr as compared to Rs.285 cr last year -Company has changed the name of its subsidiary from BE -Delft Electronics Ltd to BEL Optronic Devices Ltd. -BEL became the first PSU to be adjudged 'The Best Company' for 2002-03 by the Bangalore Stock Exchange. -BEL received order from TN government to supply, install and commission the 2 GHz 120-channel Digital Microvave communication system on turnkey basis. -Company formulates its vision statement targeting to a turnover to 50,000 million. -Mr.S.Paneer Selvam, Senior Technical Assistant in BEL's Naval Systems Strategic Business Unit has received Prime Minister's Shram Shri Award for the year 2003. -Dr V K Koshy, Chairman & Managing Director of the company resigned and GOI has appointed Mr Y Gopala Rao as Chairman & Managing Director on the Board of Directors 2004 -Bharat Electronics gives order worth Rs 8.9 Cr to Astra Microwave -Bharat Electronics Ltd has informed that Mr. K. U. Limaye, Director, Electronics & Radar Development Establishment, Bangalore has been appointed as part-time Director on the Board of Directors of Bharat Electronics Ltd in place of Mr. N. Divakar, who has since retired. -Bharat Electronics Ltd has informed that the Comptroller and Auditor General of India (C&AG), has recently appointed the following firms as Statutory/Branch Auditors of the company for the year 2003-04: 1. Statutory Auditors: M/s Suri and Co (Statutory auditors, HO, Consolidation of accounts and auditors for Banglore, Chennai and Hyderabad units).; 2. Branch Auditors: M/s Bubber Jindal & Co., (auditors for Ghaziabad, Panchkula and Kotdwara Units); M/s N V Sarma and Co., (auditors for Machilipatnam Unit); M/s Joshi & Sahney, (Auditors for Pune and Taloja Units). -Shifts Registered office to new premises w.e.f. March 15, 2004. The address is as follows: Bharat Electronics Ltd, Nagavara, Outer Ring Road, Bangalore 560 045. Tel: 080-2503 9300; Fax: 2503 9305. 2004 -BEL, PicoPeta Simputers launch Amida Simputer, a hand-held computing device - PicoPeta Simputers Pvt Ltd and Bharat Electronics Ltd (BEL) have launched the Simputer handheld computing device for the enterprises called 'Amida Alchamy.' -BEL CMD wins Electronics Man of the Year award -L&T and BEL join hands to develop radar for Army - Bharat Electronics Limited (BEL) signs agreement with Wipro Infotech for company wide implementation of MySAP Business Suite, 2005 -BEL inks contract of $1.6m with Suriname -BEL declares 40% interim dividend for '04-05 -BEL gets prestigious ICWAI Award 2006 -Bharat Electronics secures order for Set Top Boxes 2007 - Bharat Electronics Ltd has appointed Mr. N K Sharma as Director (Marketing) on the Board of Directors of the Company. Prior to this appointment, Mr. N K Sharma has been holding the post of General Manager, heading the Ghaziabad Unit of the Company. - Bharat Electronics Ltd has promoted three of its general managers as Executive Directors with effect from November 1. Mr D.A. Mohan, ED (Telecom & Broadcast Systems) at BEL-Bangalore; Mr Anand Kumar is ED (BEL-Ghaziabad); and Mr V. Sundararaman, ED (Technology Planning) at the Corporate Office in Bangalore. -Bharat Electronics bags IETE award for software development -Bharat Electronics signs 2 MoUs on Day 1 of Aero India 2007 2008 -Bharat Electronics Ltd has informed that Government of India has appointed Lt. Gen P Mohapatra, Signal Officer-in-Chief, Army Headquarters, as a part-time official Director on the Board of Directors of the Company in place of Lt. Gen (Retd.) S P Sree Kumar. -Bharat Electronics to open Product Support Centre at Kochi -BEL receives SCOPE award -BEL to display state-of-the-art defence electronics products & systems at DEFEXPO 2008 for global market -BEL signs term sheet, MoUs at Defexpo 2008 2009 -BEL wins Raksha Mantri's Awards - BEL signs MoU with BHEL for Solar JV 2010 -BEL sets up biz unit for naval sonar systems 2011 -Appointment of S. K. Sharma as Director of the Company -BharatElectr - Boardrecommended a final dividend of 156% (i.e. Rs.15.60 ) 2012 -Bharat Electronics Limited India (BEL) signed an MoU with Israel Aerospace Industries (IAI) for cooperation on future Long Range Surface to Air Missile (LRSAM) Ship-defence Systems". 2013 - The company have declared payment of 163% Final Dividend (i.e. Rs. 16.30 per equity share of Rs. 10/- each). 2014 - BEL records Rs. 6,180 cr turnover (provisional) - BEL has recommended a final dividend of Rs. 17.30 per share, this is in addition to the interim dividend of Rs. 6 per share for the year. - The company has decided to form a Joint Venture Company (JVC) with Thales Air Systems SA, France and Thales India in Radar Business Area. 2015 -Bharat Electronics - VP of India, M Hamid Ansari, inaugurated the modernised BEL Software Technology Centre (BSTC) of Navratna Defence PSU Bharat Electronics -BEL receives additional Purchase Order for CoMPASS from Elbit Systems -The Company has allotted the Bonus Shares to its shareholders in the Ratio of 2:1. 2016 -BEL wins Raksha Mantri Awards -BEL receives PSE Excellence Award -BEL launches Remote Controlled Weapon Station for MBT Arjun Mk II -BEL launches BELCOMNET communication network -BEL bags India Pride Award -BEL celebrates World Health Day 2017 -'BEL Achieves Turnover of Rs. 8800 Crores'. -`BEL wins six Raksha Mantri's Awards'. -"BEL launches Remote Controlled Weapon Station for MBT Arjun Mk II". -"BEL receives Offset Contract for CoMPASS from Elbit Systems Electro Optics - ELOP Ltd, Israel". -BEL signs MoU with Department of Defence Production. --BEL wins Excellence Award for 'Responsible Organisation'. 2018 - 16 MW grid-connected Solar Power Plant set up by BEL at Heavy Vehicle Factory (HVF), Avadi. -BEL achieves landmark turnover of more than Rs.10,000 Crores. -BEL signs MoU with L&T at Def expo 2018. -BEL won AIMA award for &Outstanding PSU of the Year. 2019 -BEL signs teaming agreement with Hughes India for helicopter SATCOM Solutions. -BEL launches atmospheric water generator safe drinking water, straight from the air. -BEL receives export order worth USD 33 million from Elbit. -BEL achieves provisional & unaudited turnover of Rs.11,700 crores for FY 2018-19. 2020 -BEL achieves record turnover in excess of Rs 12,500 crore. -BEL received Governance Now' Awards for Research & Innovation, HR Excellence and Geo-Strategic Reach. -BEL received Jamnalal Bajaj Award for Fair Business Practices, instituted by the Council for Fair Business Practices, in the Manufacturing Enterprises - Large category. -BEL completes manufacturing milestone of 30,000 ventilators. 2021 -BEL received PSE Excellence Award 2019 for Corporate Governance awarded by the Indian Chamber of Commerce (ICC). -Bharat Electronics signs MoU with BPL Medical Technologies. -BEL signs MoU with L&T. -BEL receives 12 Green Channel Certificates for 41 products. -BEL contributes Rs. 5.45 Crores to PM CARES Fund to combat COVID-19 second wave. -BEL signs MoU with Grene Robotics Pvt Ltd 2022 - BEL has signed MoU with Armoured Vehicles Nigam and Advanced Weapons and Equipment India to meet the requirements of domestic and export markets. -BEL has signed an MoU with Goa Shipyard (GSL) for joint development of products/solutions in the area of autonomous navigation and associated fields. -BEL signs pact with Meslova for developing products services in artificialintelligence/machine learning. The response from the Company is attached. -BEL has recommended the issue of Bonus Shares in the ratio of 2:1. 2023 - The Company has (BEL) has signed an MoU with Aeronautical Development Agency (ADA), DRDO, for the Advanced Medium Combat Aircraft (AMCA) programme. The MoU was announced on the sidelines of the Bandhan event held at Aero India 2023. The Advanced Medium Combat Aircraft is a 5th Generation, multi-role, all-weather fighter aircraft designed with high survivability and stealth capability. The MoU aims at leveraging the complementary strengths and capabilities of BEL and ADA, wherein both the parties will co-operate for the design, development, qualification, production and supply of Internal Weapon Bay Computer and other LRUs for AMCA and provide lifetime product support to the Indian Air Force. 2024 -BEL receives orders worth over Rs. 500 Cr. -BEL and Israel Aerospace Industries company, have announced the establishment of a joint venture company which has been incorporated in the name of BEL IAI AeroSystems Private Ltd. -BEL receives orders worth Rs.634 Crores. -Bharat Electronics Signs Agreement With Reliasat To Collaborate On Space Product.

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Parent Organisation

Bharat Electronics Ltd.

Founded

21/04/1954

Managing Director

Mr.Manoj Jain

NSE Symbol

BELEQ

FAQ

The current price of Bharat Electronics Ltd is ₹ 280.07.

The 52-week high for Bharat Electronics Ltd is ₹ 285.80 and the 52-week low is ₹ 279.42.

The market capitalization of Bharat Electronics Ltd is currently ₹ 204724.98. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

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The CEO of Bharat Electronics Ltd is Mr.Manoj Jain, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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