Bharat Electronics Limited’s shares closed at Rs 184.50, a 0.60% increase from the previous week.
The company has a market capitalization of Rs 1,34,865.42 crore.
The company shares have shown impressive growth, rising by 109% from their 52-week low of Rs 88.30.
BEL has declared an interim dividend of Rs 0.70 per equity share (70% payout) for the financial year 2023–24.
The dividend is to be paid within 30 days from the date of declaration.
In 2023, BEL paid dividends totaling 180% of Rs 1.8 per share.
The upcoming 70% payout reinforces the company’s dividend distribution strategy.
JM Financial is positive on BEL due to its robust order inflows, margin improvement, healthy order pipeline, and improving return ratios.
Prabhudas Lilladher is also positive on BEL for its long-term growth story, strong order backlog, diversification into non-defense verticals, focus on export markets, and government’s push for defense indigenization.
Elara Capital is also positive on BEL and predicts a 22% CAGR in Bharat Electronics Limited’s earnings for FY24E, FY25E, and FY26E, with a 25% return on equity and return on capital employed, indicating strong confidence in the company’s potential for sustained growth.
Bharat Electronics Limited (BEL) is a prominent player in the aerospace and defense industries, known for its significant contributions to India’s defense capabilities.
BEL started in Bangalore, Karnataka, in 1956, manufacturing communication equipment.
The company expanded to include receiving valves, semiconductors, and radio transmitters, collaborated with the Soviet Union, and diversified into radar manufacturing for the army in 1966.
In 1980, the company established multiple manufacturing units across India, strategically expanding to meet the evolving needs of the armed forces and to capture overseas markets with an office in New York.
The company offers electronic voting machines, radars, missiles, sonars, and communication systems and is the lead integrator for the Akash missile defense system.
The company located its units across India and had foreign offices in New York, Singapore, Hanoi, Yangon, Muscat, and Colombo.
This is a comprehensive guide to Bharat Electronics Limited (BEL). The above-mentioned information and data are as of February 04, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments. If you’re new to our website and want to stay up-to-date on the newest stock market news, join our Telegram group. If you have any further questions, please leave them in the comments section below. We will gladly address all of your inquiries. If you enjoyed this information, please share it with as many people as possible.
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