NSE: BEL | BSE: 500049

Expensive Performer

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378.55 6.60 (1.77%)

57.57% Gain from 52W Low

2.8M NSE+BSE Volume

NSE 10 Sep, 2025 10:08 AM (IST)

276,711.7

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.

09 Aug 2021, 12:00AM

378.55

1.77%

Gradual ramp-up expected in execution

Buy: Bharat Electronics Ltd.

Target

Motilal Oswal

1QFY22 snapshot: Revenue stood at INR16.3b (flat YoY) and was 32% below our estimates. EBITDA stood at INR629m (down 57% YoY and 85% below our estimates). EBITDA margins came in at 3.8% (v/s 8.8% in 1QFY21). PBT stood at INR152m, aided by higher other income (INR447m v/s our est. of INR250m). Adj. PAT was down 79% YoY to INR112m (v/s our est of INR2.5b). Order inflows stood at ~INR26b, with OB strong at INR545b (OB/rev ~3.9x)....

Bharat Electronics Ltd. is trading below its 30 day SMA of 379.0

Bharat Electronics Ltd.

09 Aug 2021, 12:00AM

378.55

1.77%

Q1FY22 Result Update - Weak performance; outlook remains positive - BUY

Buy: Bharat Electronics Ltd.

Prabhudas Lilladhar

Despite weak Q1FY22 performance, management maintained its revenue growth guidance of 15-17% with EBITDAM of ~22% for FY22. Bharat Electronics (BEL) reported a weak quarter as execution impacted due to 1) second wave of Covid, 2) delay in material clearance from government agency and 3) supply chain disruption. Order inflow came in at ~Rs27bn mainly led by order win for indigenous product with healthy margin. Major...

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

Bharat Electronics Ltd.

30 Jun 2021

378.55

1.77%

BHARAT ELECTRONICS - New order inflow and strong execution sharpens visibility

Buy: Bharat Electronics Ltd.

Target

LKP Securities

New order inflow and strong execution sharpens visibility Margins surpass street expectations by a long distance in Q4 BEL reported earnings which were strong at 13.5 bn, against a yoy profit of 10.3 bn. This growth was at 30.7% yoy. Revenues expanded by 19% yoy at 69.1 bn. BEL reported a robust EBITDA performance as it grew by 33% yoy on the back of strong execution and improving cost structure....

Bharat Electronics L.. has an average target of 412.89 from 9 brokers.

Bharat Electronics Ltd.

30 Jun 2021

378.55

1.77%

BHARAT ELECTRONICS LTD

Accumulate: Bharat Electronics Ltd.

Recommendation 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. Q4FY21 Revenue & PAT grew by 19% & 31% YoY led by strong execution....

Bharat Electronics Ltd. has gained 34.45% in the last 1 Year

Bharat Electronics Ltd.

24 Jun 2021

378.55

1.77%

Bharat Electronics

buy: Bharat Electronics Ltd.

Target

ICICI Securities Limited

Bharat Electronics (BEL) reported revenues at | 6908 crore, growth of 19% YoY (vs. I-direct estimate of | 6485 crore), on the back of normalising supply chain and execution business operations. For FY21, revenue came in at | 14063.8 crore up 8.8%, YoY. Absolute EBITDA for the quarter came in at | 1970.6 crore (vs. our estimate of | 1529.8 crore), up 32.9% YoY. EBITDA margin came in better than estimated at 28.5% (above our estimate of 23.6%) improving ~300 bps YoY, owing to reduced other operating expenses and employee expenses. Consequently, PAT came in at | 1352.4...

Bharat Electronics L.. has an average target of 412.89 from 9 brokers.

Bharat Electronics Ltd.

23 Jun 2021

378.55

1.77%

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. is trading below its 30 day SMA of 379.0

Bharat Electronics Ltd.

16 Feb 2021

378.55

1.77%

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 Ltd. has gained 34.45% in the last 1 Year

Bharat Electronics Ltd.

31 Jan 2021

378.55

1.77%

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 above its 200 day SMA of 330.6

Bharat Electronics Ltd.

30 Jan 2021

378.55

1.77%

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 above its 200 day SMA of 330.6

Bharat Electronics Ltd.

07 Jan 2021

378.55

1.77%

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 increased from 1589 to 1755 in Jun 2025 qtr.

Is Bharat Electronics Ltd. worth buying?

2374 Votes:

Buy 82.22%

Sell 9.18%

Hold 8.59%

RESEARCH REPORTS

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