172.90 2.40 (1.41%)
BSE Oct 18, 2017 15:31
Volume: 276.5K
 
Bharat Electronics Limited    
22 Sep 2017
172.90
1.41%
Business Line
JMFLBharat Electronics (Buy)CMP: 181.60Target: 220Bharat Electronics Ltd is engaged in design, manufacture and supply of electronics products/systems for the defence requirements, as well as for...
Bharat Electronics Limited has gained 48.95% in the last 1 Year
Bharat Electronics Limited    
22 Sep 2017
172.90
1.41%
Prabhudas Lilladhar
We attendedBEL's analystmeet and returned confident of maintaining our bullish stanceonthecompanyastheprospectsremainfirminthenear/mediumterm.The company expects order inflow to remain healthy at ~Rs150bn for next 23 years, giventhehealthypipelineoforders.BELisinvestingincapextosupportexecutionof strongorderbook.ItisalsolookingatsteppingupR&D;spendfurther,from8.8%in FY17to~10%ofsalesinFY18tomaintaintechnologicaledgeandretainleadership position in strategic electronics. BEL is targeting sales of Rs100bn and restricts margindiptoonly100bpsdespiteincreasedwageprovisionandhighernondefence...
Bharat Electronics Limited is trading above it's 200 day SMA of 153.97
Bharat Electronics Limited    
11 Sep 2017
172.90
1.41%
Motilal Oswal
BHE plans to spend INR25b over the next 3-4 years (INR5b-6b annually) on modernization of its facilities and capacity expansion. Key projects include: (a) setting up a missile/defense systems integration complex (INR5b) spread over 900...
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Bharat Electronics Limited has gained 48.95% in the last 1 Year
Bharat Electronics Limited    
11 Aug 2017
172.90
1.41%
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 FIIs/FPIs holding stock rose by 24 to 443 in Sep 2017 qtr.
Bharat Electronics Limited    
10 Aug 2017
172.90
1.41%
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 is trading above it's 200 day SMA of 153.97
Bharat Electronics Limited    
04 Aug 2017
172.90
1.41%
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.
Bharat Electronics Limited is trading above it's 200 day SMA of 153.97
Bharat Electronics Limited    
03 Aug 2017
172.90
1.41%
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 FIIs/FPIs holding stock rose by 24 to 443 in Sep 2017 qtr.
Bharat Electronics Limited    
02 Aug 2017
172.90
1.41%
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 is trading above it's 200 day SMA of 153.97
Bharat Electronics Limited    
01 Aug 2017
172.90
1.41%
Business Standard
Analysts raise earnings forecast for defence equipment major, but some also advise caution
Bharat Electronics Limited is trading above it's 200 day SMA of 153.97
Bharat Electronics Limited    
01 Aug 2017
172.90
1.41%
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...
Number of FIIs/FPIs holding stock rose by 24 to 443 in Sep 2017 qtr.
  • Prabhudas Lilladhar increased Buy price target of Bharat Electronics Limited to 214.0 on 22 Sep, 2017.
  • Stock Price (180.90) crossed below 30 Day SMA (186.82) on 22 September, 2017
  • Month Change by 15.15% (Crossed threshold 15%) on 12 September, 2017
  • Stock Price (176.10) crossed above 100 Day SMA (171.88) on 14 August, 2017
  • Day volume (1828842) was 450% of the Month Average Volume (405514.0) on 21 July, 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. 28, 20171:10Sept. 29, 2017
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