Who we are
Video Gallery
Media, Award & Accolades
Sebi Registered Investment Advisory
Contact us
The Phoenix Mills Ltd. (PDF)
Stocks Screener
Trending Sector
Top Losers
IPO
Current IPOs
Closed IPOs
IPO Performers
Listed IPOs
Financial Calculators
CAGR Calculator
SIP Calculator
Retirement Planning Calculator
Popular Stocks
Adani Ports and SEZ
Macro Dashboard
Portfolio Analysis
5 in 5 Strategy
Mispriced Opportunities
Combo
Dhanwaan
Informed InvestoRR
The effects of the US-declared sweeping tariffs were evident in the red zones that covered the market yesterday. However, positivity made a comeback today, 8th April 2025, and along with it brought a stock under the limelight- Bharat Electronics Limited (BEL).
BEL share price started the trading session with a jump of nearly 4% in the initial hours after the announcement of bagging a significant order from the Ministry of Defence (MoD). What was the announcement, and how did it affect the company’s share price? Let’s decode.
The Announcement:
The Navratna PSU, Bharat Electronics Limited, on 8th April 2025, announced that it secured an order worth Rs.2210 crore from the Indian Air Force. The order is to supply an indigenously developed Electronic Warfare Suite for the IAF’s Mi-17 V5 helicopters. The suite includes a Radar Warning Receiver (RWR), a Missile Approach Warning System (MAWS), and a Counter Measure Dispensing System (CMDS). According to the company’s exchange filing, the EW suite has been designed by CASDIC and DRDO and will be manufactured by BEL.
With this order, BEL’s total order inflow for the current financial year (FY25) is Rs.2,803 crore. A few other orders during the year that contributed to the order book were
- 14th March 2024: BEL entered a contract with Larsen & Toubro Limited (L&T) to supply 14 Communication and Electronic Warfare (EW) sensors and systems, which were agreed to be manufactured by BEL domestically. The contract was worth Rs.847.70 crore
- 12th March 2025: Rs.2,463 crore order from MoD for the supply of Ashwini Radars for IAF
Additionally, BEL signed another crucial contract worth Rs.593.22 crore with the IAF for the Akash Missile System maintenance services.
Effect Of The Announcement:
Over the years, every announcement of a new order or project by BEL has garnered a positive reaction from the market towards its shares. Even this time, the BEL share price reached an intraday high of Rs.288 and jumped nearly 4% in the initial trading hours after the announcement of the new IAF order.
As of 8th April 2025, the stock has given a return of 25.16% in the past year and 250.19% in the past three years.
Overview Of Bharat Electronics Limited:
Established in 1954, BEL is a leading Public Sector Undertaking (PSU) under the Ministry of Defence, specializing in designing, manufacturing, and supplying advanced electronic equipment and systems primarily for the defense sector. The company was conferred with the Navratna status in 2007 and with a strong presence across 29 strategic business units (SBUs) – including Cybersecurity, Unmanned Systems, and Arms & Ammunition – BEL’s defense segment contributed 81% to its revenue in FY24, marking steady execution and innovation.
BEL is also tapping into global opportunities. Its exports – ranging from radar modules to communication systems – grew over 236% between FY22 and FY24, making up 4% of its revenue. The company has set up overseas marketing offices in Oman, Vietnam, and Sri Lanka while expanding operations in Singapore and New York, reflecting its ambitions to become a global defense player.
As of July 2024, BEL has signed strategic MoUs with domestic and international players, including AAI, Delhi Metro, IISC, Rosoboronexport (Russia), and Reliasat Inc. (Canada). The company operates nine manufacturing units across India, with major facilities in Bangalore and Ghaziabad. It invested Rs.650 crore in capex during FY24 to further focus on new plants and modernization.
BEL has kept innovation central to its growth, with 7% of its revenue consistently plowed into R&D. The company also drives Indigenous development – contributing to 77% of its revenue from in-house products. With 1,199 IPRs filed and 40 new products introduced in FY24, BEL continues to evolve, embracing new business models and forming joint ventures, such as the newly formed BEL IAI AeroSystems Pvt. Ltd. with Israel Aerospace Industries.
Source: Annual Report And Press Release
Financial Overview:
As of FY2024, BEL has followed a consistent pattern of increasing revenue over the past five fiscal years.
The company’s year-on-year revenue growth rates were 6% in FY20, 8.9% in FY22, 15.22% in FY23, and 16.23% in FY24. Multiple factors contributed to this trend, including the execution of orders from its order book, increased demand in the defense sector, and diversification into non-defense and export markets.
For FY2024, the company’s revenue reached Rs.20268.24 crore, of which the net profit was Rs.3985.24 crore, with the PAT margin being 20%. Additionally, the consistent expansion and profits have kept the net worth positive, reaching Rs.16,082 crore in FY2024.
Takeaway For Investors:
Bharat Electronics Limited has reported consistent revenue growth over the last five financial years, supported by a strong order book and a steady stream of contracts from defense and non-defense segments. The company has consistently maintained its presence in core defence electronics while gradually expanding its reach in civilian markets and exports. Its operational scale, R&D investments, and ongoing capital expenditure reflect its intent to sustain long-term capabilities.
Conclusion:
While recent developments and financial performance highlight BEL’s role in India’s defense ecosystem, investment decisions should be based on a comprehensive evaluation of the company’s fundamentals, market conditions, and individual risk appetite. It is thus suggested that before investing, you conduct your due diligence or consult financial experts to make the most suitable choice for your portfolio.
Related Posts
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
waitfor delay '0:0:5'--
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
