182.95 4.70 (2.64%)
BSE Aug 23, 2017 15:31
Volume: 160.3K
 
Bharat Electronics Limited    
11 Aug 2017
182.95
2.64%
Business Line
Shares of Bharat Electronics will remain on investors' radars as the Central government is offering shares to the company's employees. Bharat Electronics is offering 55.84 lakh shares through the...
Number of Mutual Funds holding stock rose by 11 to 184 in Jun 2017 qtr.
Bharat Electronics Limited    
10 Aug 2017
182.95
2.64%
A strong moat in defence electronics drives Bharat Electronics' (BEL) high order bookings click to expand

Bharat Electronics (BEL) features in the highest YoY net profit growth screener after its Q1 results - the company reported jump in operating income of Rs 1724.8 crore, up 97.9% YoY, beating estimates. Growth in total income was not as much, up 77.9% YoY due to  YoY drop in other income. BEL has nevertheless seen a strong jump in its EBITDA net profit, reversing from a loss in the same quarter last year to a profit of Rs. 163.3 crore.

The company saw strong order booking that helped offset higher employee costs, and saw new defense orders coming in around air control systems, weapon and radar systems, and artillery spending. The company saw order inflows for the June quarter of Rs. 2,423 crore, taking the order book backlong to over Rs. 41,000 crore, a record high. The company doesn't have to worry much about competition in its defence electronics space (which accounts for over 40% of the government's defence spending). BEL has built a moat against the competition with sophisticated technology, strong relationships with buyers, and heavy capital spending required to develop new products - BEL spends an estimated 9% of revenues on R&D towards new products. 

While some of the upcoming large projects have leaner margins, the order backlog bodes well for company revenue in the coming quarters. The company received hold and accumulate calls from ICICI Securities and Way2Wealth recently, at its current share price. Motilal Oswal and Prabhudas Lilladar on the other hand say BUY, expecting 20%+ upsides. 

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Bharat Electronics Limited has gained 48.93% in the last 1 Year
Bharat Electronics Limited    
04 Aug 2017
182.95
2.64%
Economic Times
Designed by BEL/ECIL, VVPATs were approved by EC in 2013 and the Centre recently released Rs 3,174 crore for its procurement.
Number of FIIs/FPIs holding stock rose by 42 to 419 in Jun 2017 qtr.
Bharat Electronics Limited    
03 Aug 2017
182.95
2.64%
Way2Wealth
EBITDA margins contracted by 1392bp YoY to 9.5% PAT grew by 247.2% YoY to `1.3bn. Robust order inflow of `24.2bn in Q1FY18 During the Q1FY18, BEL recorded order inflow of `24.2bn (141.6% increase YoY). Some of the orders booked by the Company during the quarter include Akash Missile systems (7 Squadron) and long range surface to Air Missile etc. In FY18, the Company is likely to finalize...
Number of Mutual Funds holding stock rose by 11 to 184 in Jun 2017 qtr.
Bharat Electronics Limited    
02 Aug 2017
182.95
2.64%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research The company reported a strong operating income of | 1724.8 crore, up 97.9% YoY (our estimate: | 1084.8 crore for the quarter). However, total income grew 77.9% YoY due to 47.8% YoY drop in other income The company reported EBITDA profit of | 163.3 crore vs. loss of | 46.7 crore in Q1FY17. We estimate EBITDA of | 55.7 crore for the quarter. EBITDA margins came in at 9.5% vs. our estimate of 5.1% crore for the quarter. Higher EBITDA margins were on account of strong order...
Bharat Electronics Limited has gained 48.93% in the last 1 Year
Bharat Electronics Limited    
01 Aug 2017
182.95
2.64%
Business Standard
Analysts raise earnings forecast for defence equipment major, but some also advise caution
Number of FIIs/FPIs holding stock rose by 42 to 419 in Jun 2017 qtr.
Bharat Electronics Limited    
01 Aug 2017
182.95
2.64%
Prabhudas Lilladhar
BEL reported PAT of Rs1.2bn up 247% YoY in Q1FY18 significantly ahead of our estimateledbystrongbeatonrevenueandmargins.Lowbaseeffectoflastyearand goodprogressinlargeorderslikeIACChelpedthegrowthinexecution.Orderinflow for the quarter stood at Rs24.2bn (Up 141% YoY). BEL expects the order inflow to remainhealthyatRs100150bnforthenextfewyearsgiventhehealthypipelineof orders.BELexpectsthesalestogrowat~1015%CAGRoverthenext5years.BELis investing in capex to support execution of strong order book, It is also looking at steppingupR&D;spendfurther,9.3%inFY16to1012%ofsalesinFY18tomaintain...
Bharat Electronics Limited has gained 21.39% in the last 6 Months
Bharat Electronics Limited    
01 Aug 2017
182.95
2.64%
Motilal Oswal
INR17.2b (+98% YoY; our estimate: INR12b) and operating profit of INR1.6b (v/s loss of INR0.5b in 1QFY17; our estimate: loss of INR0.2b). Net profit rose 247% YoY to INR1.3b. Exports were USD4.4m (INR286m). Key projects executed during 1QFY18 include integrated air command and control systems, advance composite communication system, integrated communication system, weapon locating radar, Akash weapon system (Indian Army), ship-borne EW system, and L70 gun upgrade. EBITDA margin at 9.5%; improvement driven by better operating leverage:...
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Bharat Electronics Limited has gained 48.93% in the last 1 Year
Bharat Electronics Limited    
14 Jun 2017
182.95
2.64%
Way2Wealth
During the FY17, BEL booked record order inflow of `163bn (4.6% decline YoY) which is second highest yearly order inflow in the last six years. Some of the orders booked by the Company during the year include Long Range Surface to Air Missile, Advanced Composite Communication System, Electronic Warfare Suite (Shakti & Nayan), Hand Held Thermal Imager, Low Intensity Conflict EW System, Home Land Security, ALG Communication, Electronic Voting Machine etc. In FY18, the Company is likely to finalize key orders like Akash missile system, tactical communication system, mobile cellular communication system, electronic warfare systems Etc....
Number of Mutual Funds holding stock rose by 11 to 184 in Jun 2017 qtr.
Bharat Electronics Limited    
07 Jun 2017
182.95
2.64%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research The company reported strong Q4FY17 numbers, which were broadly in line with our estimates. BEL reported revenues of | 3987.7 crore, up 24% YoY (our estimate: | 3868 crore for the quarter) The company reported EBITDA of | 979.6 crore, down 1.9% YoY. We estimated EBITDA of | 964 crore for the quarter. EBITDA margins came in at 24.6% vs. our estimate of 24.9% crore for the quarter...
Bharat Electronics Limited has an average target of 205.67 from 4 brokers.
  • Stock Price (182.55) crossed above 30 Day SMA (175.49) on 17 August, 2017
  • Stock Price (176.10) crossed above 100 Day SMA (171.88) on 14 August, 2017
  • Way2Wealth released a Accumulate report for Bharat Electronics Limited on 03 Aug, 2017.
  • Day volume (1828842) was 450% of the Month Average Volume (405514.0) on 21 July, 2017
  • Stock Price (170.25) crossed below 50 Day SMA (171.98) on 30 May, 2017
More triggered alerts
Ex-Date Dividend Amount Dividend Type Record Date
Aug. 14, 20171.05FINAL-
March 29, 20170.90INTERIM-
Feb. 2, 20173.00INTERIM-
Aug. 18, 201614.50FINAL-
Feb. 4, 20162.50INTERIM-
All dividends by BEL
Ex-Date Dividend Bonus Ratio Record Date
Sept. 14, 20152:1Sept. 15, 2015
All bonuses by BEL
Ex-Date Dividend Old FVNew FV Record Date
March 16, 2017101March 17, 2017
All splits by BEL