|
29 Aug 2025 |
Bharat Electronics
|
Consensus Share Price Target
|
363.85 |
430.29 |
- |
18.26 |
buy
|
|
|
|
|
30 Jul 2025
|
Bharat Electronics
|
Sharekhan
|
363.85
|
445.00
|
386.50
(-5.86%)
|
22.30 |
Buy
|
|
|
Strong operational performance surprised positively, as margins improved by 555 bps to 27.9%. Revenue growth was muted at 5%, owing to fluctuations in product delivery amid geopolitical tensions.
|
|
30 Jul 2025
|
Bharat Electronics
|
Motilal Oswal
|
363.85
|
490.00
|
386.50
(-5.86%)
|
34.67 |
Buy
|
|
|
BHE’s 1QFY26 PAT exceeded our estimate, driven by better-than-expected margins. Revenue growth was aided by a strong order book, though it was affected to some extent by geopolitical issues.
|
|
30 Jul 2025
|
Bharat Electronics
|
Prabhudas Lilladhar
|
363.85
|
374.00
|
386.50
(-5.86%)
|
Target met |
Hold
|
|
|
The management maintained their guidance of ~15% revenue growth with ~27% EBITDA margin and ~Rs270bn+ order intake (ex. QRSAM) in FY26. Bharat Electronics (BEL) reported a modest 5.2% YoY revenue growth, impacted by a revenue deferment of ~Rs2.0bn to the next quarter due to supply chain constraints. EBITDA margin expanded by 576bps YoY to 28.1%. Domestic demand remains strong, supported by a healthy tendering pipeline and a continued push for higher indigenization. Additionally, BEL stands to...
|
|
18 Jun 2025
|
Bharat Electronics
|
Sharekhan
|
363.85
|
445.00
|
400.50
(-9.15%)
|
22.30 |
Buy
|
|
|
Indian defence forces are set to make emergency purchases worth Rs 40,000 crore to enhance combat readiness. The initiative focuses on acquiring key systems being prioritised under emergency powers, including surveillance drones, kamikaze drones, missiles, and various types of ammunition.
|
|
03 Jun 2025
|
Bharat Electronics
|
Geojit BNP Paribas
|
363.85
|
441.00
|
386.00
(-5.74%)
|
21.20 |
Buy
|
|
|
~Rs.19,400cr, and was marginally lower than initial guidance. For FY26, management guided revenue growth of 15% YoY, EBITDA margins of 27% with an order inflow guidance at Rs.27,000cr. BEL's margin guidance appears achievable, supported by rising indigenous...
|
|
27 May 2025
|
Bharat Electronics
|
Axis Direct
|
363.85
|
425.00
|
385.40
(-5.59%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a TP of Rs 425/share, implying an upside of 10% from the CMP.
|
|
21 May 2025
|
Bharat Electronics
|
ICICI Securities Limited
|
363.85
|
420.00
|
383.00
(-5.00%)
|
Target met |
Buy
|
|
|
Bharat Electronics’ (BEL) Q4FY25/FY25 performance was above our and consensus estimates. Guidance exceeded for both revenue growth and EBITDA margin.
|
|
21 May 2025
|
Bharat Electronics
|
Anand Rathi
|
363.85
|
450.00
|
383.00
(-5.00%)
|
23.68 |
Buy
|
|
|
Bharat Electronics limited reported revenue growth from operations of 6.8% YoY to Rs 91,496 million on a consolidated basis in Q4 FY25 as compared to Rs 85,641 million in Q4 FY24.
|
|
20 May 2025
|
Bharat Electronics
|
Prabhudas Lilladhar
|
363.85
|
374.00
|
363.80
(0.01%)
|
Target met |
Hold
|
|
|
The management has guided for ~15% revenue growth with ~27% EBITDA margin and ~Rs270bn+ order intake for FY26. We revise our FY26/27E EPS estimate by +2.9%/+3.7% factoring in operational efficiencies and increasing indigenous component, however, downgrade our rating from Buy' to Hold' given the recent rally in the stock despite strong outlook. Bharat Electronics (BEL) reported robust quarterly performance with revenue growth of 6.9% YoY and EBITDA margins expanding by 385bps YoY to...
|
|
20 May 2025
|
Bharat Electronics
|
Sharekhan
|
363.85
|
430.00
|
363.80
(0.01%)
|
Target met |
Buy
|
|
|
Strong operational performance had a positive surprise with revenue growth of 7% to Rs 9,150 crore versus our expectations of Rs 8,920 crore, margins too shone, with OPM improving by 407 bps.
|
|
05 Mar 2025
|
Bharat Electronics
|
Geojit BNP Paribas
|
363.85
|
324.00
|
274.92
(32.35%)
|
Target met |
Buy
|
|
|
|
|
30 Jan 2025
|
Bharat Electronics
|
Motilal Oswal
|
363.85
|
360.00
|
278.75
(30.53%)
|
Target met |
Buy
|
|
|
Bharat Electronics (BHE)’s 3QFY25 results came ahead of our estimates on all parameters. Revenue growth was led by a strong order book, which stood at INR771b. Order inflows stood at INR110b during 9MFY25.
|
|
21 Jan 2025
|
Bharat Electronics
|
Axis Direct
|
363.85
|
315.00
|
279.00
(30.41%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a TP of Rs 315/share, implying an upside of 10% from the CMP.
|
|
16 Jan 2025
|
Bharat Electronics
|
Motilal Oswal
|
363.85
|
360.00
|
276.15
(31.76%)
|
Target met |
Buy
|
|
|
We continue to remain positive on Bharat Electronics (BEL) given 1) its market leadership in defense electronics and ability to benefit from defense indigenization as well as from the upcoming large defense platform orders (QRSAM, MRSAM, Tejas Mk1A, naval platforms, etc.), 2) a strong order book of INR746b as of 2QFY25-end, providing healthy visibility on revenue,
|
|
09 Dec 2024
|
Bharat Electronics
|
Sharekhan
|
363.85
|
380.00
|
314.60
(15.65%)
|
Target met |
Buy
|
|
|
The DAC has greenlit five proposals critical to enhancing India’s defence preparedness - 1) AoN for 31 new water jet Fast Attack Crafts (FAC), 120 Fast Interceptor Crafts (FIC) and 6 ALH (M) MR likely to boost maritime surveillance capabilities. 2) Overhaul for tanks and BMPs to enhance life of armored fleet of Indian Army.
|
|
19 Nov 2024
|
Bharat Electronics
|
ICICI Direct
|
363.85
|
345.00
|
279.00
(30.41%)
|
Target met |
Buy
|
|
|
|
|
30 Oct 2024
|
Bharat Electronics
|
Geojit BNP Paribas
|
363.85
|
323.00
|
288.55
(26.10%)
|
Target met |
Buy
|
|
|
|
|
28 Oct 2024
|
Bharat Electronics
|
Sharekhan
|
363.85
|
380.00
|
270.05
(34.73%)
|
Target met |
Buy
|
|
|
Revenues grew by 14.9% y-o-y to Rs. 4,605 crore with margins expansion of 510 bps y-o-y. Results outperformed expectations on margin front. Higher revenue and margin led to PAT growth of 38% y-o-y to Rs. 1092 crore. Revenue growth guidance is at 15% and OPM at 23-25% for FY2025.
|
|
28 Oct 2024
|
Bharat Electronics
|
Motilal Oswal
|
363.85
|
360.00
|
270.05
(34.73%)
|
Target met |
Buy
|
|
|
Bharat Electronics (BHE)’s 2QFY25 results came ahead of our estimates, driven by better-than-expected margin performance. Revenue growth was led by a strong order book, which stood at INR746b.
|
|
06 Aug 2024
|
Bharat Electronics
|
Geojit BNP Paribas
|
363.85
|
320.00
|
287.25
(26.67%)
|
Target met |
Hold
|
|
|
|