BEL

Bharat Electronics Share PriceBharat Electronics

₹145.9
4.9 (3.48%)
As on 30 November, 2023 | 20:38 BSE: 500049 NSE: BELISIN: INE263A01024

Bharat Electronics Performance

Day Range

  • Low 140.75
  • High 146.35
₹ 145.9

52 Week Range

  • Low 87.00
  • High 147.15
₹ 145.9
  • Open Price141.00
  • Previous Close141.00
  • Volume27591484

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Bharat Electronics Share Price

  • Over 1 Month 10.57%
  • Over 3 Month 8.44%
  • Over 6 Month 31.15%
  • Over 1 Year 38.82%

Bharat Electronics Key Statistics

P/E Ratio 32.1
PEG Ratio 1.5
Market Cap Cr 106,650
Price to Book Ratio 7.7
EPS 4.1
Dividend 1.2
Relative Strength Index 63.26
Money Flow Index 56.73
MACD Signal 1.57
Average True Range 3.21

Bharat Electronics Investment Rating

  • Master Rating:
  • Bharat Electronics has an operating revenue of Rs. 18,174.24 Cr. on a trailing 12-month basis. An annual revenue growth of 15% is outstanding, Pre-tax margin of 22% is great, ROE of 21% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 17% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 4% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 86 which is a GOOD score indicating consistency in earnings, a RS Rating of 57 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 53 indicates it belongs to a fair industry group of Aerospace/Defense and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Bharat Electronics Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 3,9933,5116,3274,1313,8963,1136,325
Operating Expenses Qtr Cr 2,9892,8464,6323,2783,0902,5994,757
Operating Profit Qtr Cr 1,0046641,8258538565131,568
Depreciation Qtr Cr 10010110910110494101
Interest Qtr Cr 21210214
Tax Qtr Cr 261173416202214147385
Net Profit Qtr Cr 8125311,3655996114311,142
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 18,00615,547
Operating Expenses Annual Cr 13,59912,005
Operating Profit Annual in Cr 4,0483,309
Depreciation Cr 408380
Interest Annual Cr 155
Tax Annual Cr 978809
Net Profit Annual Cr 3,0072,349
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 4,161
Cash from Investing Activity Annual Cr -4,861
Cash from Financing Annual Activity Cr -1,077
Net Cash Flow Annual Cr -1,777
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 13,58211,984
Fixed Assets Annual Cr 3,5133,383
Total Non Current Assets Annual Cr 5,1516,293
Total Current Assets Annual Cr 29,90327,157
Total Assets Annual Cr 35,05433,450
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 1949
ROE Annual % 2220
ROCE Annual % 2723
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2523
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 4,0093,5336,3454,1533,9073,1416,340
Operating Expenses Qtr Cr 2,9952,8604,6473,2903,0932,6184,762
Operating Profit Qtr Cr 1,0146731,8328638685221,578
Depreciation Qtr Cr 10810911410610999106
Interest Qtr Cr 21210214
Tax Qtr Cr 261174415203216148385
Net Profit Qtr Cr 7895391,3826136243661,154
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 18,01515,600
Operating Expenses Annual Cr 13,64912,027
Operating Profit Annual in Cr 4,0863,341
Depreciation Cr 429401
Interest Annual Cr 155
Tax Annual Cr 983812
Net Profit Annual Cr 2,9842,399
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 4,207
Cash from Investing Activity Annual Cr -4,872
Cash from Financing Annual Activity Cr -1,078
Net Cash Flow Annual Cr -1,742
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 13,86212,286
Fixed Assets Annual Cr 3,8183,681
Total Non Current Assets Annual Cr 5,4436,617
Total Current Assets Annual Cr 30,04827,294
Total Assets Annual Cr 35,49133,911
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 1950
ROE Annual % 2220
ROCE Annual % 2622
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 2523

Bharat Electronics Technicals

EMA & SMA

Current Price
₹145.9
4.9 (3.48%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹140.71
  • 50 Day
  • ₹138.03
  • 100 Day
  • ₹133.16
  • 200 Day
  • ₹123.75
  • 20 Day
  • ₹140.74
  • 50 Day
  • ₹137.98
  • 100 Day
  • ₹134.57
  • 200 Day
  • ₹119.90

Bharat Electronics Resistance and Support

PIVOT
₹144.34
Resistance
First Resistance 147.92
Second Resistance 149.93
Third Resistance 153.52
RSI 63.26
MFI 56.73
MACD Single Line 1.57
MACD 1.67
Support
First Resistance 142.32
Second Resistance 138.73
Third Resistance 136.72

Bharat Electronics Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 29,293,987 1,712,526,480 58.46
Week 18,498,741 1,059,422,897 57.27
1 Month 11,395,403 657,514,753 57.7
6 Month 15,718,165 830,547,818 52.84

Bharat Electronics Result Highlights

Bharat Electronics Synopsis

NSE-Aerospace/Defense

Bharat Electroni is involved in the business activities of Manufacture of communication equipment. Company’s Total Operating Revenue is Rs. 17646.20 Cr. and Equity Capital is Rs. 730.98 Cr. for the Year ended 31/03/2023. Bharat Electronics Ltd. is a Public Limited Listed company incorporated on 21/04/1954 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L32309KA1954GOI000787 and registration number is 000787.
Market Cap 106,723
Sales 18,092
Shares in Float 358.18
No of funds 1143
Yield 0.85
Book Value 7.59
U/D Vol ratio 0.9
LTDebt / Equity
Alpha 0.07
Beta 1.46

Bharat Electronics

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 51.14%51.14%51.14%51.14%
Mutual Funds 18.85%19.33%20.07%20.56%
Insurance Companies 4.04%4.28%4.14%3.51%
Foreign Portfolio Investors 17.19%17.35%16.42%17.34%
Financial Institutions/ Banks 0.01%0.01%0.08%0.08%
Individual Investors 6.61%5.79%6.14%5.65%
Others 2.16%2.1%2.01%1.72%

Bharat Electronics Management

Name Designation
Mr. Dinesh Kumar Batra Director - Finance & CFO
Mrs. Anandi Ramalingam Chairman & Managing Director
Mr. Vinay Kumar Katyal Director
Mr. M V Rajasekhar Director - R & D
Mr. Bhanu Prakash Srivastava Director
Mr. Anurag Bajpai Part Time Govt.Director
Dr. P V Parthasarathi Independent Director
Dr. Binoy Kumar Das Part Time Govt.Director
Mr. Mansukhbhai S Khachariya Independent Director
Dr. N Santhoshkumar Independent Director
Mr. Prafulla Kumar Choudhury Independent Director
Mr. Shivnath Yadav Independent Director
Mr. Gokulan Bangakandy Independent Director
Mrs. Shyama Singh Independent Director

Bharat Electronics Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Bharat Electronics Corporate Action

Date Purpose Remarks
2023-10-28 Quarterly Results
2023-07-27 Quarterly Results
2023-05-20 Audited Results & Final Dividend
2023-03-17 Interim Dividend
2023-01-28 Quarterly Results & Interim Dividend
Date Purpose Remarks
2023-03-25 INTERIM Rs.0.60 per share(60%)Second Interim Dividend
2023-02-10 INTERIM Rs.0.60 per share(60%)Interim Dividend
2022-03-26 INTERIM Rs.1.50 per share (150%) Second Interim Dividend
2022-02-10 INTERIM Rs.1.50 per share(150%)Interim Dividend
2021-03-24 INTERIM Re.1.40 per share (140%) Second Interim Dividend
Date Purpose Remarks
2022-09-16 Bonus Re.0.00 issue in the ratio of 2:1 of Re. 1/-.

Bharat Electronics MF Shareholding

Name Amount(cr)
HDFC Mid-Cap Opportunities Fund Growth 47,846
Kotak Flexicap Fund Growth 39,269
Mirae Asset Large Cap Fund Regular Growth 34,377
Kotak Emerging Equity Scheme Growth 33,700
Kotak Equity Arbitrage Fund Growth 28,958

About Bharat Electronics

Bharat Electronics Limited (BEL) is a prestigious Navratna Public Sector Undertaking (PSU) under the Ministry of Defence, Government of India. Since its inception in 1954, BEL has contributed to India's self-reliance in developing indigenous industries. The company's growth and success are attributed to the visionary leadership of its pioneers, the dedication of its employees, the trust of its customers, and the support from the Indian government.

Over the past six decades, BEL has evolved from manufacturing essential communication equipment in collaboration with CSF, France (now Thales), to becoming a leader in various cutting-edge technologies. The company produces a wide range of state-of-the-art electronic products and systems, catering to the needs of the Army, Navy, and Air Force. Its product portfolio includes Radars, Defence Communication, Naval Systems, Weapon Systems, C4I Systems, Homeland Security, Electronic Warfare, Telecom & Broadcast Systems, Tank Electronics, Professional Electronic Components, Solar Photovoltaic Systems, Electro-Optics, and more. BEL also offers turnkey system solutions.

With its headquarters in Bangalore, BEL has expanded its presence across the country by establishing additional units in Ghaziabad, Chennai, Machilipatnam, Pune, Panchkula, Navi Mumbai, Kotdwara, and Hyderabad. Each unit focuses on specific product lines and customer segments. Additionally, BEL has a vast network of offices and service centres throughout India and overseas offices in New York and Singapore.

Though initially founded to meet the specialized electronic equipment requirements of the Indian Defence Services, BEL has also made significant strides in the civilian market. It offers products like Tablet PCs, Electronic Voting Machines, solar-powered traffic signal systems, and Access Control Systems. The company also exports some of its products and services to various countries, enhancing India's global presence in defence electronics.

BEL's commitment to the government's 'Make in India' initiative aligns perfectly with its mission to contribute to the nation's growth and self-reliance. As a leading defence electronics manufacturer and a key player in the civilian market, BEL continues to play a vital role in the development and progress of India's technological landscape.

The History of Bharat Electronics

On April 1, 1954, Bharat Electronics Limited was founded by the Indian government's Ministry of Defence. It was established as a PSU to meet the Indian Armed Forces' expanding need for defence electronics. BEL opened its first facility in Bengaluru, Karnataka, to produce the first batch of domestic communication equipment.

For the Indian Armed Forces, BEL went into designing and developing a range of electronic devices, including radars, communication systems, and countermeasures. Electronic voting machines (EVMs) for the Election Commission of India and airport X-ray baggage inspection systems are now part of BEL's expanding product line.

BEL made substantial technological and indigenization advancements, becoming a significant force in India's defence electronics market. The business expanded into industries including optoelectronic devices, naval systems, and electronic warfare systems.

BEL updated its production facilities and concentrated on R&D to keep up with the fast-changing world of defence technology. BEL kept growing its product line by incorporating cutting-edge electronic systems and technologies to cater to the demanding requirements of the armed services.

Bharat Electronics- Some Important Facts

● Bharat Electronics Limited was founded in 1954 by the Indian government's Ministry of Defence. It was established in Bangalore, Karnataka (now Bengaluru).
● BEL's main business is designing, developing, producing, and delivering cutting-edge electronic systems and products for civilian and defence purposes in India.
● The company's product offerings include radar, sonars, communication devices, electronic warfare systems, naval systems, surveillance systems, and other cutting-edge defence electronics.
● In addition to servicing the Indian Armed Forces, BEL has established itself as a dependable supplier to many international nations, shipping its goods to more than 30 nations worldwide.

Bharat Electronics- Awards Received 

● The Government of India has granted Bharat Electronics Limited (BEL) the prestigious "Navratna" status.

● BEL received the esteemed Raksha Mantri Awards for "Excellence 2011-12" in various categories, including Best Performance in Exports, Indigenization, Innovation, and Design Efforts.

● Recognizing its exceptional human resource management practices, BEL was honoured with the SCOPE Meritorious Award for Excellence in 2012-13.

● BEL's noteworthy contributions to technology development and innovation in defence applications were recognized with the Society of Defence Technologists (SODET) Awards for 2011-12 and 2012-13.

● For its outstanding achievements in implementing Six Sigma projects, BEL was awarded 12 Gold Medals in the competition conducted by the Quality Circle Forum of India (QCFI).

● BEL's excellence in export operations in the "Electronics and Communication - Medium and Large Enterprise" category earned the company the prestigious "Karnataka State Export Excellence" Award for 2011-12 and 2012-13.

Today, Bharat Electronics Limited is India's premier defence electronics company, providing various products and solutions for defence and civilian applications. It plays a crucial role in enhancing the country's self-reliance in defence technology.

Bharat Electronics FAQs

What is Share Price of Bharat Electronics ?

Bharat Electronics share price is ₹145 As on 30 November, 2023 | 20:24

What is the Market Cap of Bharat Electronics ?

The Market Cap of Bharat Electronics is ₹106649.7 Cr As on 30 November, 2023 | 20:24

What is the P/E ratio of Bharat Electronics ?

The P/E ratio of Bharat Electronics is 32.1 As on 30 November, 2023 | 20:24

What is the PB ratio of Bharat Electronics ?

The PB ratio of Bharat Electronics is 7.7 As on 30 November, 2023 | 20:24

Q2FY23