NSE: BEL | BSE: 500049

Expensive Performer

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371.95 0.05 (0.01%)

54.82% Gain from 52W Low

11.0M NSE+BSE Volume

NSE 09 Sep, 2025 3:31 PM (IST)

271,887.2

Market Cap

Market Runner Up

1.2

Beta 1Year

Very High Volatility

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.

01 Feb 2022

371.95

0.01%

BHARAT ELECTRONICS

Buy: Bharat Electronics Ltd.

Target

Prabhudas Lilladhar

Order pipeline stands at Rs30-40bn for Q4FY22. Bharat Electronics (BEL) reported strong quarterly performance with revenue growth of 61% YoY. Despite lower gross margin, EBITDA margins expanded 308bps YoY to 22.3% in Q3FY22 mainly due to improved operational efficiency, withdrawal of ventilator warranty provision and reversal of bad debt provision (on account of focus on collections). In Q3 BEL bagged major orders like 1) Avionics package for Tejas aircraft (Rs18.7bn) 2) Weapon...

Number of FII/FPI investors increased from 1589 to 1755 in Jun 2025 qtr.

Bharat Electronics Ltd.

01 Feb 2022

371.95

0.01%

Bharat Electronics

Buy: Bharat Electronics Ltd.

ICICI Securities Limited

growth, sustained margins and strong order book to ensure better performance Focus on monetisation of non-core assets, improving RoEs and reducing debt makes it an attractive bet to ride the infrastructure revival theme...

Bharat Electronics Ltd. is trading above its 200 day SMA of 330.6

Bharat Electronics Ltd.

31 Jan 2022

371.95

0.01%

BHARAT ELECTRONICS LIMITED - Decent Q3, order pipeline remains strong

Buy: Bharat Electronics Ltd.

Target

LKP Securities

61% yoy growth in Revenues. The company reported a robust EBITDA performance as it grew by 86% yoy on the back of strong execution and improving cost structure. However, the numbers On the profitability front, EBITDA margins came in at 22.3% which were up by 380 bps yoy but down by 90 bps qoq. The order book now stands ~566 bn with the company adding ~57 bn in...

Number of FII/FPI investors increased from 1589 to 1755 in Jun 2025 qtr.

Bharat Electronics Ltd.

08 Nov 2021, 12:00AM

371.95

0.01%

BHARAT ELECTRONICS LTD

Accumulate: 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. Q2FY22 Revenue & PAT grew by 15% & 54% YoY led by strong execution. EBITDA margin expanded by 380bps YoY to 23.4% on account of scale benefits and lower expenses. Order back log is at Rs54,627cr (4x FY21 sales). FY22 order inflow...

Number of MF schemes increased from 394 to 442 in Jun 2025 qtr.

Bharat Electronics Ltd.

01 Nov 2021

371.95

0.01%

Bharat Electronics

Buy: Bharat Electronics Ltd.

ICICI Securities Limited

...

Number of MF schemes increased from 394 to 442 in Jun 2025 qtr.

Bharat Electronics Ltd.

29 Oct 2021

371.95

0.01%

BHARAT ELECTRONICS LIMITED - Bringing non-defense under its wings; results better than expectations

Buy: Bharat Electronics Ltd.

Target

LKP Securities

growth was at 54.3% yoy. Revenues expanded by 14.8% yoy at 36.6 bn. BEL reported a robust EBITDA performance as it grew by 37.4% yoy on the back of strong execution and improving cost adding 53 bn in H1 FY22. BEL also reported very strong operating cash flows for the year, as cash levels including deposits and bank balances have breached the 77 bn mark from 9 bn seen two...

Number of MF schemes increased from 394 to 442 in Jun 2025 qtr.

Bharat Electronics Ltd.

29 Sep 2021

371.95

0.01%

Bharat Electronics

Buy: Bharat Electronics Ltd.

Target

ICICI Securities Limited

Multi-product, multi-technology - diverse product range includes radar, missile systems, electronic warfare & avionics, anti-submarine warfare, electro-optics, home land security, civilian products, etc. Focus is to increase the non-defence share to ~20-25% over two to three years...

Bharat Electronics Ltd. has gained 34.28% in the last 6 Months

Bharat Electronics Ltd.

28 Sep 2021

371.95

0.01%

Analyst Meet Update - Emerging as defense plus player - BUY

Buy: Bharat Electronics Ltd.

Target

Prabhudas Lilladhar

We attended analyst meet of Bharat Electronics Ltd (BEL) to understand Change in Estimates | Target | Reco opportunity and business outlook of the company. Management remains quite optimistic on upcoming opportunities in defense as well as non-defense...

Number of MF schemes increased from 394 to 442 in Jun 2025 qtr.

Bharat Electronics Ltd.

28 Sep 2021

371.95

0.01%

Diversification on track; rising indigenization bodes well

Buy: Bharat Electronics Ltd.

Target

Motilal Oswal

Scaling up the non-Defense business: The management's target of scaling up the non-Defense business remains on track. It is aiming at a 20-30% share in total revenue over the next few years (~10% now). BHE has received a trail order from Delhi Metro, which marks its beginning in the Railways and Metro business. In Medical Electronics, it is working with aggregators who can undertake deliveries and installations across hospitals. It entered SaaS last year and aims to scale the business to INR50b over the next three years. The capex requirement in the non-Defense business is moderate as most of these...