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.

07 Nov 2020

399.25

0.08%

Bharat Electronics (BEL) - Majestic performance!

Buy: Bharat Electronics Ltd.

LKP Securities

BEL reported earnings which were strong at 3.97 bn, against a sequential profit of 541 mn. Revenues grew by 16.3%/90.9% yoy/qoq to 31.9 bn, which were robust as the company well executed projects in this quarter despite several challenges. The company was active in supplying ventilators in the quarter which was one of their main projects. On the profitability front, EBITDA margins came in at 19.6% which were down by just 30 bps yoy, but were still in line with our expectations on prompt execution. Sequentially the margins excelled from 8.8% as the base quarter had an impact of pandemic. The PAT as a result of this came in at 3.97 bn, a growth of 17% yoy, which was slightly better than our estimates on higher other income. In Q2, the company...

Number of MF schemes decreased from 442 to 48 in Sep 2025 qtr

Bharat Electronics Ltd.

13 Aug 2020

399.25

0.08%

Bharat Electronics - Gem in the defense pack!

Buy: Bharat Electronics Ltd.

LKP Securities

Quarterly results surprised us on positive side BEL reported earnings which were better than our expectations at 541 mn, against our expectations of a loss. Revenues de-grew by 19.7%/71.4% yoy/qoq to 16.4 bn, which were above our expectations as the company executed the ventilators order of 4 bn in the quarter. Exventilators, the revenues dropped by 40% yoy. LRSAM, Smart City business, Intelligence Gathering Systems, Thermal Imaging Cameras and Radar repairs were the other revenue contributors in Q1. Reduction in RM to sales at 49.3% led to gross margin expansion at 50.7%. EBITDA margins came in at 8.8% which were down by 780 bps yoy, but were still better than our expectations of operational loss, on gross margin beat. PAT as a result of this came in at 541 mn, which was better than...

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

Bharat Electronics Ltd.

03 Aug 2020

399.25

0.08%

BHARAT ELECTRONICS LTD

Buy: Bharat Electronics Ltd.

Target

Geojit BNP Paribas

Bharat Electronics Ltd (BEL) is a Navaratna enterprise having 37% market share in Indian Defence Electronics. BEL's core capabilities are in radar & weapons systems, defence communication & electronic warfare....

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

Bharat Electronics Ltd.

29 Jul 2020

399.25

0.08%

Bharat Electronics

Hold: Bharat Electronics Ltd.

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 has gained 37.27% in the last 1 Year

Bharat Electronics Ltd.

29 Jul 2020

399.25

0.08%

Q1FY21 Result Update - Strong order book, healthy performance - HOLD

Hold: Bharat Electronics Ltd.

Target

Prabhudas Lilladhar

BEL continues to maintain healthy cash balance of Rs10bn (vs Rs15bn in Mar'20); reduced largely towards deferred payment of LRSAM project. Bharat Electronics (BEL) reported a strong quarter higher than our and street estimates. Revenues came in at Rs16.9bn led by strong execution in Ventilators, part supply of Long Range Surface to Air Missile System, Spares & Services, Smart City, Intelligence gathering system, Thermal Imaging Cameras and Radars repairs. Gross margins expanded by 100bps led by...

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

Bharat Electronics Ltd.

28 Jul 2020

399.25

0.08%

Earnings above expectation; order inflows remain strong

Buy: Bharat Electronics Ltd.

Motilal Oswal

Maintain Revenues stood at INR16.7b, down 21% YoY and expect the revenue shortfall to be recouped in the next quarter as the company accomplished balanced ventilator order delivery as well as start ramping up the LRSAM and IACCS orders. Adj. PAT was down 74% YoY to BHEs order book stood at INR538b at end-1QFY21. BHE has secured orders worth INR34.2b in 1QFY21 (up 72% YoY), on the back of large orders acquired for Ventilators (INR12bn), Advanced Torpedo Defense systems and Smart City projects. We have increased our TP from INR108 to INR116 (14x FY22E EPS, below its long-term trading multiple BHE is well positioned to benefit from rising defense expenditure, supported by (a) strong manufacturing base and execution track record, (b) its relationship with defense and government agencies, (c) strategic collaboration with foreign technology partners for new product development, (d) in-house R&D; capabilities (R&D; spend at > 9.0% of revenues), and (e) an increased focus on exports to friendly countries.

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

Bharat Electronics Ltd.

07 Jul 2020

399.25

0.08%

Bharat Electronics (BEL) - BEL set for a higher projectile!

Buy: Bharat Electronics Ltd.

Target

LKP Securities

BEL reported earnings were 12% better than our expectations as margins excelled offsetting the lackluster results in the previous nine months. Revenues grew by 49.5%/155% yoy/qoq to 58 bn, margin LRSAM project. This resulted in a 650 bps contraction in gross margins. But in line with...

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

Bharat Electronics Ltd.

01 Jul 2020

399.25

0.08%

Bharat Electronics

Hold: Bharat Electronics Ltd.

Recommendation Target

ICICI Securities Limited

Strong order book but sustained execution key to growth... During FY20, BEL bagged significant orders like Akash Missile system (7 squadron), coastal surveillance system, upgrade of electronic warfare (EW) system, smart city business, etc. The company continues to have a strong order book and order inflows. Q4FY20 order inflows were at | 2867 crore while FY20 order inflows were at | 13200 crore. Order book as on FY20 was at a robust | 51970 crore. However, order inflows in FY21E may get impacted owing to an expected cut in defence budget amid economic...

Number of MF schemes decreased from 442 to 48 in Sep 2025 qtr

Bharat Electronics Ltd.

01 Jul 2020

399.25

0.08%

Bharat Elec

Buy: Bharat Electronics Ltd.

Target

Sharekhan

Valuation: Maintain Buy with a revised PT of Rs 110: We expect revenue and earnings to report CAGR of 6.8% and 3.3%, respectively, during FY2020-FY2022E (expect 180 bps margin contraction) owing to current crisis environment led by COVID-19.At the CMP, the stock is trading at12.8x and 11.9xits FY2021E and FY2022E earnings, respectively. Though order intake is expected to be muted in FY2021E, given the strong order book of Rs. 51,970 crore coupled with cash and cash equivalents of Rs. 1400+ crore, we believe the company trades at reasonable valuations.Hence, weretain our Buy rating...

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

Bharat Electronics Ltd.

01 Jul 2020

399.25

0.08%

Q4FY20 Result Update - 4Q reported strong execution - HOLD

Hold: Bharat Electronics Ltd.

Recommendation Target

Prabhudas Lilladhar

Due to deferments of orders, order Inflow was down 59% YoY at Rs28.7bn in 4Q. Order Book stands healthy at Rs520bn as on 4QFY20. Bharat Electronics (BEL) reported a strong quarter where revenue grew by 49% YoY leading to high profitability. Perhaps Covid-19 pandemic deferred many orders thereby leading to decline in order Inflows by 59% YoY to Rs28.7bn, during the quarter. Order book stood healthy at Rs520bn providing revenue visibility going ahead. Key projects executed in FY20 include Part...

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

Is Bharat Electronics Ltd. worth buying?

2452 Votes:

Buy 82.01%

Sell 9.22%

Hold 8.77%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf