India’s “Atmanirbhar scheme” supports Bharat Electronics Limited to develop indigenous communication, land-based radar, naval communication system, microprocessor, electronic warfare system for the Indian Defense. India is looking to reach their defense export to 5 trillion dollars.
According to the statista report Indian Aerospace and Defence composite market size will grow with CAGR of 13.1%.
In the sector Bharat Electronics Limited is one of the leading company. 85% of electronic devices or communication systems used in Indian Air force aircraft are made up by Bharat Electronics Limited. BEL is the primary defense supplier of strategic electronic assemblies and sub-assemblies.
It is the second largest defence PSU. The Indian government aggressively works on the Indian defence sector to minimize their dependency on other countries.
According to PIB report, the Indian defence budget in 2023-24 is 5.94 lakh crore, Current year allocation of defence budget jumped by 13% over the previous year.
That’s why Indian defence sectors stocks are rally and This is the good time for investing in the Indian defence sector. In this article we will analyze the Bharat Electronics Limited stocks and forecast BEL share price target over the year year of 2023-2030.
This article we will analyse the fundamentals of Bharat Electronics Limited and its future plan. We are also looking at the current situation of the order book of Bharat Electronics Limited and how they will execute their upcoming orders.
Bharat Electronics Limited
Bharat Electronics LimitedWas founded in 1954 in Bangalore. Bharat Electronics Limited established with Association of CSF France To fulfill the Requirement of specialized electronic Communications system to the Indian defence service.
Bharat Electronics Limited is the primary defence supplier of strategic electronic assemblies and sub-assemblies.
Bharat electronics Limited started with manufacturing of a few communication system in 1956. In 1961 its started manufacturing receiving valves and in 1962 it started manufacturing Germanium semiconductors. In 1964 with the help of Soviet Union Bharti Electronics Limited manufactured a radio transmitter for the airforce.
On June 22nd 2007 Bharat Electronics Limited conferred as a Navratna Public Sector Unit. BEL 78%-80% revenue comes from its communication system, radar, Sonar, electronic welfare system (EWS), electro optics, avionics And electronic system for tank.
The Indian government has a target to achieve $25 billion defence production by 2025, In which $5 billion comes from export of defence equipment.
Bharat Electronics Limited 90% turnover comes from Defence equipment And 78% of turnover come from engineers product (Develop in India).
Bharat Electronics Limited was firstly listed on Bombay Stock Exchange on 18th May 1995 And in 14th October 1996 Bharat Electronic Limited listed on National Stock Exchange.
Bharat Electronics Limited Fundamentals
| Market Cap | ₹1,04,749.13 crore |
| Enterprise Value | ₹96,740.13 Crore |
| No. of share | 730.98 crore |
| P/E | 33.72 |
| P/B | 7.42 |
| Face value | 1 |
| Dividend Yield (Last Year) | 1.29% |
| Book Value | 19.31 |
| Debt | ₹0 |
| EPS | ₹4.25 |
| ROE | 23.52% |
| ROCE | 31.32% |
| Profit growth (1 year) | 28% |
| Sales growth | 15.23% |
| Cash | ₹8,009 crore |
| Debt to Equity | 0 |
| Promoter’s Holding | 51.14% |
| Operating Profit Margin | 23.00% |
Bharat Electronics Limited fundamentals are strong. Last year Company sales growth was 15.23% and operating profit margin was 23%.
In the last 5 years BEL Average sales growth is 11.33% whereas the Company has been maintaining an effective average operating margins of 21.65% in the last 5 years. BEL Is almost death free and its also have a good amount of cash reserve which will help In their operations.
Bharat Electronics Limited P/E ratio is 33.72, this is on the higher side which makes the company overvalued. Bharat Electronics Limited Last 5 years average P/E ratio was 18.72. But the company
Return on Equity is around 23.52% which is good. It is on the higher side compared to their Peers. Also the company ROCE is 31.32% Which is also good it is also higher than the Peers.
BEL share price target 2023, 2024, 2025, 2026, 2027, 2028, 2029,2030
| Year | January Target | December Target |
| BEL share price target 2023 | ₹100.25 | ₹125.89 |
| BEL share price target 2024 | ₹124.78 | ₹132.87 |
| BEL share price target 2025 | ₹133.84 | ₹141.89 |
| BEL share price target 2026 | ₹142.14 | ₹150.19 |
| BEL share price target 2027 | ₹149.01 | ₹157.12 |
| BEL share price target 2028 | ₹159.22 | ₹184.62 |
| BEL share price target 2029 | ₹182.12 | ₹212.13 |
| BEL share price target 2030 | ₹211.39 | ₹240.14 |
How to buy Bharat Electronics Limited shares?
For buying Bharat Electronics Limited (BEL) shares you must have a demat account. You can open a demat account from a trading platform. There are many trading platforms which offers demat account openings. some of the trading platform are following
- Groww
- Zerodha
- Upstocks
- Motilal Oswal
- Angel one
- ICICI direct
Bharat Electronics Limited (BEL)Share Price target 2023
On September 15, 2023 Bharat Electronics Limited traded at a price of ₹135.70. At the start of 2023 Bharat Electronics Limited was traded at a price of ₹100.25. During this period Bharat Electronics Limited gave a return of 35.36%.
| Month | Minimum | Maximum |
|---|---|---|
| October 2023 | ₹131.90 | ₹119.91 |
| November 2023 | ₹134.54 | ₹122.31 |
| December 2023 | ₹138.58 | ₹125.98 |
Current order book of the company is 65,356 crore, In 2022 Bharat Electronic Limited Export value was $ 46.8 million, in this year the company expected that their export value will reach $90 million.
In 2023 company expected its revenue will go up to 20000 crore which is 17% more than previous year. Company also expected that by FY24 their order inflow will be 20000 crore.
Bharat Electronics Limited current year CAPEX is around ₹700 crore to ₹800 crore.
BEL share price target 2024
BEL(Bharat Electronics Limited) share price target 2024 in January is 124.67 And at the end of 2024 BEL share price target is ₹132.87.
| Month | Minimum | Maximum |
|---|---|---|
| January 2024 | 124.67 | 127.59 |
| February 2024 | 127.13 | 128.69 |
| March 2024 | 127.32 | 114.98 |
| April 2024 | 127.70 | 127.77 |
| May 2024 | 128.45 | 134.52 |
| June 2024 | 123.32 | 133.67 |
| July 2024 | 142.42 | 149.13 |
| August 2024 | 149.075 | 132.21 |
| September 2024 | 130.48 | 120.84 |
| October 2024 | 120.38 | 123.34 |
| November 2024 | 121.730 | 128.68 |
| December 2024 | 126.46 | 132.88 |
Bharat Electronics Limited expected 800 crore to 900 crore revenue from EVM manufacturing. Financial year 2024 first quarter company EBDITA margin is 18.9%, Bharat Electronic Limited EBDITA margin grew by 2.4% YoY, Same period previous year company EBDITA margin was 16.5%.
BEL share price target 2025
BEL(Bharat Electronics Limited) share price target 2025 in January is ₹133.84 And at the end of 2025 BEL share price target is ₹141.89.
| Month | Minimum | Maximum |
|---|---|---|
| January 2025 | 133.846 | 134.277 |
| February 2025 | 134.601 | 135.672 |
| March 2025 | 137.021 | 135.493 |
| April 2025 | 135.776 | 137.239 |
| May 2025 | 136.803 | 142.280 |
| June 2025 | 144.151 | 150.719 |
| July 2025 | 150.603 | 157.499 |
| August 2025 | 156.089 | 159.538 |
| September 2025 | 160.220 | 129.127 |
| October 2025 | 129.597 | 130.412 |
| November 2025 | 131.083 | 137.231 |
| December 2025 | 138.570 | 141.894 |
Bharat Electronics Limited mainly focus on their recent development to develop indigenous equipment for the Indian defence sector and non defence sectors. The company spent around 7% of their turnover on R&D.
Bharati Electronics Limited got an order for EVM/VVPAT of 1500 crore rupees. This order will be executed during the financial year 2024.
Bharat Electronics Limited is also planning to establish a semiconductor chief factory Videshi station of Hindustan Aeronautics Limited.
BEL Has also signed a contract of 250 crore rupees with the ministry of defence for the supply of anti submarine Warfare system for the surface ships of the Indian Navy.
BEL and HAL sign a contract for code development and Co production of long range dual band indigenous infrared search and track system for Su-30 Mk.
These Future Plans and contracts Will make a significant increase in their revenue and their product range.
Other Defense Stocks
- HAL share price target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030
- avantel share price target 2023, 2024,2025, 2026, 2027, 2028, 2029, 2030
- Mazagon dock share price target 2023, 2024,2025, 2026, 2027, 2028, 2029, 2030
BEL share price target 2030
BEL(Bharat Electronics Limited) share price target 2030 in January is ₹211.39 And at the end of 2030 BEL share price target is ₹240.14.
Bharat Electronics Limited want to diversify their business from defence to non defence sector. Company wants to target in the sector Civil Aviation E-mobility, SaaS and metro rail.
Company has ventured into non defense areas such as homeland security, Smart City, energy storage product, solar, space electronics, Network and cyber security, Railways weather radar.
Currently the company’s non defence market share is around 15% and the company is targeting to achieve 25% in financial year 2025.
This future investment and broaden their product range will help to grow their revenue.
BEL Promoters Holding Pattern
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Jun 2023 | |
| Promoters | 68.19 | 66.79 | 58.83 | 51.14 | 51.14 | 51.14 | 51.14 | 51.14 |
| FIIs | 6.65 | 6.44 | 7.49 | 10.71 | 11.58 | 16.77 | 16.42 | 17.35 |
| DIIs | 17.73 | 17.85 | 22.88 | 30.21 | 30.21 | 26.71 | 25.50 | 24.84 |
| Public | 7.43 | 8.92 | 10.80 | 7.95 | 7.07 | 5.38 | 6.95 | 6.68 |
Promoters sold their stake in the past 6 years, promoter holding decreased from 68.9% to 51.4% but foreign investments and direct institution investment increased their stake holding in the same period where is foreign Investments has 17.35% and direct institution investment has 24.84% stake in the company.
That means foreign Institutions are interested in the Indian defence sector. It is in a very good sign for a stock, That foreign Institutions are heavily invested in their company.
Profit & Loss of Bharat Electronics Limited Last 5 years
| PARTICULARS | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 | MAR 2023 |
| Net Sales | 12,084.60 | 12,921.11 | 14,063.83 | 15,313.76 | 17,646.20 |
| Total Expenditure | 9,361.22 | 10,418.30 | 10,908.23 | 12,023.37 | 13,687.93 |
| Operating Profit | 2,723.38 | 2,502.81 | 3,155.60 | 3,290.39 | 3,958.27 |
| Other Income | 311.32 | 333.22 | 154.76 | 255.86 | 452.94 |
| Interest | 15.29 | 7.22 | 9.22 | 8.27 | 18.46 |
| Depreciation | 316.22 | 349.64 | 366.33 | 380.18 | 407.87 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 2,703.19 | 2,479.17 | 2,934.81 | 3,157.80 | 3,984.88 |
| Tax | 775.90 | 685.34 | 869.39 | 808.87 | 978.21 |
| Net Profit | 1,927.29 | 1,793.83 | 2,065.42 | 2,348.93 | 3,006.67 |
| Adjusted EPS (Rs.) | 2.64 | 2.45 | 2.83 | 3.21 | 4.11 |
If we look at the last 5 years profit loss statement of the company we will see that the operating profits grew from 2723.38 crore to 3958.27 crore. Bharat Electronics Limited net profit also increased in the past 5 years.
Bharat electronics Limited cash flow statement
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Cash from Operating Activity + | 179 | -1,539 | -569 | 1,434 | 2,260 | -61 | -687 | 1,514 | 2,570 | 5,093 | 4,207 | 1,267 |
| Cash from Investing Activity + | -953 | 1,753 | 759 | -839 | -1,470 | 3,115 | -6 | -896 | -649 | -2,595 | -4,872 | 2,691 |
| Cash from Financing Activity + | -239 | -158 | -213 | -209 | -318 | -2,857 | -1,202 | -663 | -1,061 | -1,076 | -1,078 | -1,313 |
| Net Cash Flow | -1,014 | 56 | -23 | 386 | 472 | 197 | -1,895 | -45 | 861 | 1,422 | -1,742 | 2,645 |
Study Materials
Conclusion
In this article, I have given you all the information about BEL share price target, I have tried to give you the best information about all the financial data of BEL pvt ltd.
There are ups and downs in the stock market, due to which all the stock price targets mentioned in this article can go up or down. Therefore, before investing, do your research well.
There is a high chance of increase in Hindustan Aeronautics Limited share price in 2023 By the end of this year BEL share price will ₹138.58 mark.
Over the last 5 years BEL has shown robust profit growth of 16.53%.
BEL share price in january 2035 is ₹325.54 By the end of this year BEL share price target 2035 will be ₹380.87.
BEL share price in january 2040 is ₹435.76 By the end of this year BEL share price target 2040 will be ₹501.45
BEL share price in january 2050 is ₹634.98 By the end of this year BEL share price target 2050 will be ₹700.12.
Hi, I’m Ashish, the author here. With a solid background in data analytics and statistics, I bring you straightforward insights into the stock market. I research stocks inside out, blending fundamental and technical analyses. My goal is to provide you with clear, actionable content that simplifies the complexities of investing. Join me on this journey for straightforward advice and a data-driven approach to making informed decisions in the stock market.
