NSE: BEL | BSE: 500049

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401.95 3.00 (0.75%)

67.30% Gain from 52W Low

5.2M NSE+BSE Volume

NSE 23 Dec, 2025 1:32 PM (IST)

293,816.6

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Market Runner Up

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Bharat Electronics Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BEL, BSE:500049 Bharat Electronics Ltd.

Bharat Electronics Ltd.

23 Jun 2021, 12:00AM

401.95

0.75%

Q4FY21 Result Update - Strong quarter; Robust Outlook - Upgrade to 'BUY'

Bharat Electronics Ltd.

Recommendation Target

Prabhudas Lilladhar

Given strong order backlog and tender pipeline, management guided revenue growth of 15-17% with EBIDTA margin of 20-22%. Bharat Electronic (BEL) reported stellar quarterly performance above our and street estimates, led by strong execution and cost optimization measures. Revenue grew 19% YoY mainly due to strong execution in large value projects such as Akash weapon system and LRSAM. Despite pandemic, OI came in at Rs155mn (up 17%) in FY21. Ordering pipeline remains robust across...

Bharat Electronics Ltd.'s price crossed above 100Day SMA today

Bharat Electronics Ltd.

16 Feb 2021

401.95

0.75%

Bharat Electronics

Buy: Bharat Electronics Ltd.

ICICI Securities Limited

Strong order pipeline, operational performance to aid execution For Q3FY21, BEL bagged decent orders of ~| 4900 crore (| 9881 crore for 9MFY21). BEL continues to have a strong order book and order inflows. Order book as on Q3FY21 was robust at | 54791 crore (vs. | 52148 crore in Q2FY21). BEL is aiming at order inflows of ~ | 15000 crore for FY21E (vs. | 13000 crore in FY20). It expects orders like Avionics package for LCA, Akash weapon system, LRSAM, smart city business, electronic warfare systems, etc. in medium term. Future opportunities include Jammer for LCA....

Bharat Electronics has gained 38.20% in the last 1 Year

Bharat Electronics Ltd.

31 Jan 2021

401.95

0.75%

Execution disappoints, but should catch up in 4Q

Buy: Bharat Electronics Ltd.

Target

Motilal Oswal

Revenue was broadly flat YoY at INR22.9b and 13% below our expectation. EBITDA was up 24% YoY to INR4.4b and 13% below our expectation as a follow-through of the revenue miss. The EBITDA margin came in at 19.2% (+360bp YoY). Adj. PAT grew 22% YoY to INR2.6b and was 21% below our expectation....

Bharat Electronics Ltd. is trading below its 30 day SMA of 406.3

Bharat Electronics Ltd.

30 Jan 2021

401.95

0.75%

BHARAT ELECTRONICS (BEL) - Great visibility to drive robust growth

Buy: Bharat Electronics Ltd.

Target

LKP Securities

Superb margin performance in Q3, though revenues were subdued BEL reported earnings which were strong at 2.61 bn, against a yoy profit of 2.15 mn. This growth was at 9.9% yoy. Revenues remained more or less flat yoy at 22.96 bn. The company was done with the supply of ventilators to the Indian Health Department in Q2 itself, due to which Q3...

Bharat Electronics Ltd. is trading below its 30 day SMA of 406.3

Bharat Electronics Ltd.

07 Jan 2021

401.95

0.75%

Bharat Electronics

Buy: Bharat Electronics Ltd.

Target

ICICI Securities Limited

BEL continues to have a strong order book and order inflows. The order book as on Q2FY21 was robust at | 52148 crore (vs. | 53751 crore in Q1FY21). BEL is aiming at order inflows of ~ | 15000 crore for FY21E (vs. | 13000 crore in FY20). It expects orders like Avionics package for LCA, Akash weapon system, LRSAM, smart city business, electronic warfare systems, etc. Future opportunities include Jammer for LCA. Also, LUH and LCH (helicopters) may allow BEL sensors (MAWS and counter-measure dispensers along with HMDS) and weapons to significantly augment BEL's...

Number of FII/FPI investors decreased from 1755 to 1158 in Sep 2025 qtr

Bharat Electronics Ltd.

28 Dec 2020

401.95

0.75%

BHARAT ELECTRONICS LTD

Buy: Bharat Electronics Ltd.

Target

Geojit BNP Paribas

New defence acquisition policy 2020, is expected to benefit domestic manufactures given higher indigenous content requirement in various categories, restrictions of imports & stricter timelines for execution. The current order back log is Rs52,700cr (4.3x FY20 sales), which provides strong earning visibility for the next 3 years. Order inflow for H1FY21 was Rs.5,000cr, while order pipeline is expected to improve. Given higher indigenous content in BEL's products EBITDA margin is expected to be in the range ~20%. We continue to remain constructive on BEL in long term given its...

Bharat Electronics L.. has an average target of 441.33 from 9 brokers.

Bharat Electronics Ltd.

19 Nov 2020

401.95

0.75%

Q2FY21 Result Update - Strong execution, Outlook remains positive Upgrade to 'Accumulate'

Accumulate: Bharat Electronics Ltd.

Target

Prabhudas Lilladhar

Management expects revenue growth of 10-15% in FY21E with lumpy execution from IACCS, LRSAM, Akash and Homeland Security projects. Bharat Electronics (BEL) reported a strong quarter where revenue grew by 16% YoY leading to higher profitability. Execution of large value projects such as LRSAM and IACCS, Ventilator (Rs8-9bn) along with smart city & HLS orders led to higher topline. Order inflows declined 78% YoY at Rs16bn as base quarter had high value order of Akash Missile and some deferment of...

Bharat Electronics has gained 38.20% in the last 1 Year

Bharat Electronics Ltd.

08 Nov 2020

401.95

0.75%

Bharat Electronics

Buy: Bharat Electronics Ltd.

Recommendation Target

ICICI Securities Limited

Decent order inflows but sustained execution key to growth... For Q1FY21, BEL received bagged decent orders to the tune of ~| 3420 crore, which included ~| 1200 crore order for ventilators, ~| 700 crore order on account of naval forces and smart city projects. BEL continues to have a strong order book and order inflows. Order book as on Q1FY21 was robust at | 53752 crore (vs. | 51970 crore in Q4FY20). However, overall order inflows in FY21E may get impacted by deferral in some projects amid economic challenges. Orders expected in FY21E include avionics package...

Bharat Electronics Ltd. is trading below its 30 day SMA of 406.3

Bharat Electronics Ltd.

08 Nov 2020

401.95

0.75%

Revenue-led earnings beat

Buy: Bharat Electronics Ltd.

Target

Motilal Oswal

Bharat Electronics (BHE)'s 2QFY21 earnings were 23% higher than our est., with revenue beat of 15%. While EBITDA was 25% higher than our est., the EBITDA margin came in lower due to a miss on gross margins. Margins depend on the sales mix between deliverables and hence it tends to be volatile on a quarterly basis. BHE's current order book is strong at INR522b, with an OB/rev ratio of 4x. Order inflows declined 78% YoY to INR15.6b. In 1HFY21, order inflow decline stood lower at 45% YoY. Major orders received in 2Q were for advanced...

Bharat Electronics Ltd. is trading above its 200 day SMA of 374.7

Is Bharat Electronics Ltd. worth buying?

2451 Votes:

Buy 82.01%

Sell 9.22%

Hold 8.77%

RESEARCH REPORTS

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Buy SEE REPORTS >

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