{"id":67454,"date":"2026-06-01T17:00:15","date_gmt":"2026-06-01T11:30:15","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=67454"},"modified":"2026-06-01T17:01:23","modified_gmt":"2026-06-01T11:31:23","slug":"bharat-electronics-trades-at-premium-valuation-is-the-defence-psus-growth-story-worth-the-price","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/bharat-electronics-trades-at-premium-valuation-is-the-defence-psus-growth-story-worth-the-price\/","title":{"rendered":"Bharat Electronics Trades at Premium Valuation: Is the Defence PSU’s Growth Story Worth the Price?"},"content":{"rendered":"
<\/div>\n

Summary:<\/strong> Bharat Electronics Limited (BEL) has emerged as one of the most closely watched defence stocks in India, supported by a strong order book, consistent earnings growth, government focus on defence indigenization, and increasing opportunities in advanced defence electronics. However, the stock is currently trading at a premium valuation compared to its historical averages and several public sector peers. This has sparked debate among investors about whether BEL’s future growth potential justifies its current market valuation. While the company’s long-term prospects remain linked to India’s defence modernization efforts, investors must balance growth opportunities against valuation risks before making investment decisions.<\/p>\n\n\n\n

Bharat Electronics Trades at Premium Valuation: Understanding the Growth Story and Market Expectations<\/h2>\n\n\n\n

Introduction<\/h2>\n\n\n\n

Few sectors have attracted as much investor interest in recent years as defence. Rising geopolitical tensions, increased government spending on national security, and India’s push toward defence self-reliance have transformed the outlook for several defence-related companies.<\/p>\n\n\n\n

Among them, Bharat Electronics Limited (BEL) has become one of the standout names. The stock has delivered significant returns over the past few years, benefiting from strong order inflows, expanding capabilities, and growing confidence in India’s domestic defence manufacturing ecosystem.<\/p>\n\n\n\n

However, as BEL’s share price has climbed, a new question has emerged: Is the stock becoming too expensive?<\/p>\n\n\n\n

Many analysts now point out that Bharat Electronics is trading at a premium valuation compared to its historical trading range and certain public sector undertakings (PSUs). Supporters argue that the premium reflects the company’s strong growth prospects, while skeptics caution that elevated valuations leave less room for disappointment.<\/p>\n\n\n\n

Understanding this debate requires a closer look at BEL’s business, growth drivers, financial performance, opportunities, and risks.<\/p>\n\n\n\n

What is Bharat Electronics Limited?<\/h2>\n\n\n\n

Bharat Electronics Limited is a Navratna public sector enterprise under the Ministry of Defence.<\/p>\n\n\n\n

Established in 1954, the company plays a critical role in India’s defence electronics ecosystem.<\/p>\n\n\n\n

BEL develops and manufactures a wide range of products, including:<\/p>\n\n\n\n

    \n
  • Radar systems<\/li>\n\n\n\n
  • Communication equipment<\/li>\n\n\n\n
  • Electronic warfare systems<\/li>\n\n\n\n
  • Naval systems<\/li>\n\n\n\n
  • Missile guidance systems<\/li>\n\n\n\n
  • Surveillance equipment<\/li>\n\n\n\n
  • Avionics systems<\/li>\n\n\n\n
  • Defence software solutions<\/li>\n<\/ul>\n\n\n\n

    Over time, the company has expanded beyond defence applications into civilian sectors such as:<\/p>\n\n\n\n

      \n
    • Homeland security<\/li>\n\n\n\n
    • Smart cities<\/li>\n\n\n\n
    • Healthcare electronics<\/li>\n\n\n\n
    • Railway systems<\/li>\n\n\n\n
    • Renewable energy solutions<\/li>\n<\/ul>\n\n\n\n

      Its diversified portfolio has helped strengthen its long-term growth outlook.<\/p>\n\n\n\n

      Why is Bharat Electronics in Focus?<\/h2>\n\n\n\n

      Several factors have contributed to BEL’s growing popularity among investors.<\/p>\n\n\n\n

      Strong Defence Spending Environment<\/h3>\n\n\n\n

      India continues to increase its defence spending amid evolving security requirements.<\/p>\n\n\n\n

      The government has prioritized:<\/p>\n\n\n\n

        \n
      • Defence modernization<\/li>\n\n\n\n
      • Indigenous manufacturing<\/li>\n\n\n\n
      • Technology development<\/li>\n\n\n\n
      • Strategic self-reliance<\/li>\n<\/ul>\n\n\n\n

        These initiatives directly benefit domestic defence companies like BEL.<\/p>\n\n\n\n

        Large and Growing Order Book<\/h3>\n\n\n\n

        One of BEL’s biggest strengths is its robust order book.<\/p>\n\n\n\n

        A strong order pipeline provides:<\/p>\n\n\n\n

          \n
        • Revenue visibility<\/li>\n\n\n\n
        • Business stability<\/li>\n\n\n\n
        • Future growth opportunities<\/li>\n\n\n\n
        • Operational planning advantages<\/li>\n<\/ul>\n\n\n\n

          The company’s ability to consistently secure large defence contracts has reinforced investor confidence.<\/p>\n\n\n\n

          Increasing Indigenization<\/h3>\n\n\n\n

          The government’s “Atmanirbhar Bharat” initiative has accelerated efforts to reduce dependence on imported defence equipment.<\/p>\n\n\n\n

          As a domestic manufacturer with established capabilities, BEL is well-positioned to benefit from this trend.<\/p>\n\n\n\n

          What Does Premium Valuation Mean?<\/h2>\n\n\n\n

          Before analyzing BEL specifically, it is important to understand the concept of premium valuation.<\/p>\n\n\n\n

          A stock is considered to trade at a premium valuation when investors are willing to pay a higher multiple of earnings, sales, or book value compared to:<\/p>\n\n\n\n

            \n
          • Historical averages<\/li>\n\n\n\n
          • Industry peers<\/li>\n\n\n\n
          • Broader market benchmarks<\/li>\n<\/ul>\n\n\n\n

            This premium often reflects expectations of:<\/p>\n\n\n\n

              \n
            • Faster growth<\/li>\n\n\n\n
            • Stronger profitability<\/li>\n\n\n\n
            • Competitive advantages<\/li>\n\n\n\n
            • Higher earnings visibility<\/li>\n<\/ul>\n\n\n\n

              However, premium valuations also increase investor expectations.<\/p>\n\n\n\n

              When a stock trades at elevated multiples, even minor disappointments can trigger market reactions.<\/p>\n\n\n\n

              Why is BEL Trading at a Premium Valuation?<\/h2>\n\n\n\n

              Several factors help explain why investors are assigning a premium valuation to BEL.<\/p>\n\n\n\n

              Consistent Revenue Growth<\/h3>\n\n\n\n

              BEL has demonstrated relatively stable growth over multiple years.<\/p>\n\n\n\n

              The company’s revenue growth is supported by:<\/p>\n\n\n\n

                \n
              • Defence contract execution<\/li>\n\n\n\n
              • New project wins<\/li>\n\n\n\n
              • Product diversification<\/li>\n\n\n\n
              • Government procurement programs<\/li>\n<\/ul>\n\n\n\n

                Consistency often attracts long-term investors.<\/p>\n\n\n\n

                Strong Profitability Profile<\/h3>\n\n\n\n

                Compared to many manufacturing companies, BEL maintains healthy profit margins.<\/p>\n\n\n\n

                The company’s focus on technology-intensive products contributes to:<\/p>\n\n\n\n

                  \n
                • Better pricing power<\/li>\n\n\n\n
                • Strong operating leverage<\/li>\n\n\n\n
                • Improved profitability<\/li>\n<\/ul>\n\n\n\n

                  This profitability profile is one reason investors view BEL favorably.<\/p>\n\n\n\n

                  Balance Sheet Strength<\/h3>\n\n\n\n

                  BEL is known for maintaining a strong financial position.<\/p>\n\n\n\n

                  Key strengths include:<\/p>\n\n\n\n

                    \n
                  • Low debt levels<\/li>\n\n\n\n
                  • Healthy cash reserves<\/li>\n\n\n\n
                  • Strong cash generation<\/li>\n\n\n\n
                  • Financial flexibility<\/li>\n<\/ul>\n\n\n\n

                    Companies with strong balance sheets often command higher market valuations.<\/p>\n\n\n\n

                    High Earnings Visibility<\/h3>\n\n\n\n

                    The defence sector typically involves long-term contracts.<\/p>\n\n\n\n

                    As a result, BEL benefits from relatively predictable revenue streams compared to businesses that depend heavily on consumer demand cycles.<\/p>\n\n\n\n

                    Investors often reward this visibility with premium valuations.<\/p>\n\n\n\n

                    The Defence Sector Tailwind<\/h2>\n\n\n\n

                    Rising Defence Budgets<\/h3>\n\n\n\n

                    India remains among the world’s largest defence spenders.<\/p>\n\n\n\n

                    Increasing defence allocations create opportunities for domestic manufacturers across multiple categories.<\/p>\n\n\n\n

                    For BEL, higher spending may translate into:<\/p>\n\n\n\n

                      \n
                    • Additional contracts<\/li>\n\n\n\n
                    • Technology upgrades<\/li>\n\n\n\n
                    • Modernization programs<\/li>\n\n\n\n
                    • Expanded production capabilities<\/li>\n<\/ul>\n\n\n\n

                      Focus on Indigenous Production<\/h3>\n\n\n\n

                      The government’s emphasis on local procurement is reshaping the defence ecosystem.<\/p>\n\n\n\n

                      Import substitution initiatives encourage:<\/p>\n\n\n\n

                        \n
                      • Domestic manufacturing<\/li>\n\n\n\n
                      • Technology transfer<\/li>\n\n\n\n
                      • Local supply chain development<\/li>\n<\/ul>\n\n\n\n

                        BEL stands to benefit from these policy changes.<\/p>\n\n\n\n

                        Export Opportunities<\/h3>\n\n\n\n

                        Indian defence companies are increasingly targeting international markets.<\/p>\n\n\n\n

                        BEL has expanded its export efforts in areas such as:<\/p>\n\n\n\n

                          \n
                        • Radar systems<\/li>\n\n\n\n
                        • Communication equipment<\/li>\n\n\n\n
                        • Surveillance technologies<\/li>\n<\/ul>\n\n\n\n

                          Growing exports could provide an additional revenue stream over time.<\/p>\n\n\n\n

                          Key Growth Drivers for BEL<\/h2>\n\n\n\n

                          Advanced Defence Electronics<\/h3>\n\n\n\n

                          Modern warfare increasingly depends on technology.<\/p>\n\n\n\n

                          Demand is growing for:<\/p>\n\n\n\n

                            \n
                          • Surveillance systems<\/li>\n\n\n\n
                          • Network-centric warfare solutions<\/li>\n\n\n\n
                          • Electronic warfare systems<\/li>\n\n\n\n
                          • Artificial intelligence-enabled defence applications<\/li>\n<\/ul>\n\n\n\n

                            BEL’s expertise in defence electronics positions it within some of the fastest-growing segments of military technology.<\/p>\n\n\n\n

                            Strategic Projects<\/h3>\n\n\n\n

                            The company continues to participate in major national defence programs.<\/p>\n\n\n\n

                            Large projects often provide:<\/p>\n\n\n\n

                              \n
                            • Long-term revenue visibility<\/li>\n\n\n\n
                            • Scale advantages<\/li>\n\n\n\n
                            • Technology development opportunities<\/li>\n<\/ul>\n\n\n\n

                              Research and Development<\/h3>\n\n\n\n

                              Innovation remains critical in the defence sector.<\/p>\n\n\n\n

                              BEL continues to invest in:<\/p>\n\n\n\n

                                \n
                              • Product development<\/li>\n\n\n\n
                              • Indigenous technologies<\/li>\n\n\n\n
                              • Advanced systems integration<\/li>\n<\/ul>\n\n\n\n

                                Strong R&D capabilities can support future competitiveness.<\/p>\n\n\n\n

                                Diversification Beyond Defence<\/h3>\n\n\n\n

                                Although defence remains its core business, BEL has expanded into civilian applications.<\/p>\n\n\n\n

                                These opportunities include:<\/p>\n\n\n\n

                                  \n
                                • Railway signalling systems<\/li>\n\n\n\n
                                • Smart infrastructure<\/li>\n\n\n\n
                                • Aerospace electronics<\/li>\n\n\n\n
                                • Cybersecurity solutions<\/li>\n<\/ul>\n\n\n\n

                                  Diversification may help reduce reliance on defence spending cycles.<\/p>\n\n\n\n

                                  Why Some Investors Are Concerned About Valuation<\/h2>\n\n\n\n

                                  Despite strong fundamentals, valuation concerns remain.<\/p>\n\n\n\n

                                  High Expectations Are Already Priced In<\/h3>\n\n\n\n

                                  One of the biggest risks associated with premium valuation is that future growth expectations may already be reflected in the stock price.<\/p>\n\n\n\n

                                  This means:<\/p>\n\n\n\n

                                    \n
                                  • Strong performance may not always lead to further stock appreciation.<\/li>\n\n\n\n
                                  • Minor earnings misses could trigger corrections.<\/li>\n\n\n\n
                                  • Market sentiment becomes increasingly important.<\/li>\n<\/ul>\n\n\n\n

                                    Dependence on Government Orders<\/h3>\n\n\n\n

                                    Although government contracts provide stability, they also create concentration risk.<\/p>\n\n\n\n

                                    Potential challenges include:<\/p>\n\n\n\n

                                      \n
                                    • Procurement delays<\/li>\n\n\n\n
                                    • Budget reallocations<\/li>\n\n\n\n
                                    • Approval timelines<\/li>\n<\/ul>\n\n\n\n

                                      These factors can affect revenue recognition.<\/p>\n\n\n\n

                                      Execution Risks<\/h3>\n\n\n\n

                                      Large defence projects often involve:<\/p>\n\n\n\n

                                        \n
                                      • Complex technology requirements<\/li>\n\n\n\n
                                      • Manufacturing challenges<\/li>\n\n\n\n
                                      • Delivery deadlines<\/li>\n<\/ul>\n\n\n\n

                                        Execution delays can impact financial performance.<\/p>\n\n\n\n

                                        Competitive Landscape<\/h3>\n\n\n\n

                                        India’s defence manufacturing ecosystem is becoming increasingly competitive.<\/p>\n\n\n\n

                                        Private sector companies are entering areas traditionally dominated by public sector enterprises.<\/p>\n\n\n\n

                                        Competition may increase over time.<\/p>\n\n\n\n

                                        What Does BEL’s Valuation Say About Investor Sentiment?<\/h2>\n\n\n\n

                                        The premium valuation reflects investor confidence in several themes.<\/p>\n\n\n\n

                                        Confidence in India’s Defence Story<\/h3>\n\n\n\n

                                        Investors broadly expect defence spending to remain a strategic priority.<\/p>\n\n\n\n

                                        Belief in Long-Term Growth<\/h3>\n\n\n\n

                                        The market appears optimistic about BEL’s ability to grow earnings over the coming years.<\/p>\n\n\n\n

                                        Preference for Quality PSUs<\/h3>\n\n\n\n

                                        Not all public sector companies receive premium valuations.<\/p>\n\n\n\n

                                        BEL’s financial discipline, profitability, and order visibility have helped differentiate it from many traditional PSU investments.<\/p>\n\n\n\n

                                        Opportunities for Investors<\/h2>\n\n\n\n

                                        Long-Term Structural Growth<\/h3>\n\n\n\n

                                        India’s defence modernization plans extend over many years.<\/p>\n\n\n\n

                                        This creates opportunities for companies involved in:<\/p>\n\n\n\n

                                          \n
                                        • Electronics<\/li>\n\n\n\n
                                        • Communication systems<\/li>\n\n\n\n
                                        • Surveillance technologies<\/li>\n\n\n\n
                                        • Defence software<\/li>\n<\/ul>\n\n\n\n

                                          Increasing Technological Complexity<\/h3>\n\n\n\n

                                          Modern defence systems require sophisticated electronics, an area where BEL has developed expertise.<\/p>\n\n\n\n

                                          Export Expansion<\/h3>\n\n\n\n

                                          International defence opportunities could diversify revenue sources.<\/p>\n\n\n\n

                                          Policy Support<\/h3>\n\n\n\n

                                          Government initiatives supporting domestic manufacturing may continue to create favorable conditions.<\/p>\n\n\n\n

                                          Risks Investors Should Consider<\/h2>\n\n\n\n

                                          Valuation Risk<\/h3>\n\n\n\n

                                          Premium valuations leave limited room for disappointment.<\/p>\n\n\n\n

                                          Order Execution Delays<\/h3>\n\n\n\n

                                          Project delays can affect revenue recognition and investor sentiment.<\/p>\n\n\n\n

                                          Regulatory and Procurement Risks<\/h3>\n\n\n\n

                                          Changes in procurement processes could influence contract flows.<\/p>\n\n\n\n

                                          Geopolitical Factors<\/h3>\n\n\n\n

                                          Defence spending priorities can evolve depending on geopolitical developments and fiscal considerations.<\/p>\n\n\n\n

                                          Should Investors Worry About the Premium Valuation?<\/h2>\n\n\n\n

                                          Premium valuation alone is not necessarily a negative signal.<\/p>\n\n\n\n

                                          Many high-quality companies trade at elevated valuations when investors believe future growth will justify current prices.<\/p>\n\n\n\n

                                          The key consideration is whether:<\/p>\n\n\n\n

                                            \n
                                          • Revenue growth continues<\/li>\n\n\n\n
                                          • Profitability remains healthy<\/li>\n\n\n\n
                                          • Order inflows stay strong<\/li>\n\n\n\n
                                          • Execution remains effective<\/li>\n<\/ul>\n\n\n\n

                                            If these factors remain favorable, the market may continue supporting higher valuation multiples.<\/p>\n\n\n\n

                                            However, investors should remain mindful that premium valuations increase sensitivity to operational performance.<\/p>\n\n\n\n

                                            Conclusion<\/h2>\n\n\n\n

                                            Bharat Electronics has become one of the most prominent beneficiaries of India’s defence modernization and self-reliance initiatives. Its strong order book, healthy balance sheet, consistent profitability, and strategic role in defence electronics have helped the company earn a premium valuation in the stock market.<\/p>\n\n\n\n

                                            The premium reflects investor confidence in BEL’s long-term growth prospects, particularly as defence spending, indigenous manufacturing, and advanced technology adoption continue to expand. At the same time, elevated valuations mean expectations are high, making execution and earnings growth increasingly important.<\/p>\n\n\n\n

                                            For investors, the debate is not simply whether BEL is a good company. The more important question is whether future growth can continue to justify its current valuation. As India’s defence ecosystem evolves, BEL’s ability to maintain technological leadership, secure new contracts, and execute projects efficiently will remain central to its investment story.<\/p>\n\n\n\n

                                            Frequently Asked Questions (FAQs)<\/h2>\n\n\n\n

                                            1. Why is Bharat Electronics trading at a premium valuation?<\/h3>\n\n\n\n

                                            BEL is trading at a premium valuation due to its strong order book, consistent earnings growth, healthy balance sheet, and favorable long-term outlook in the defence sector.<\/p>\n\n\n\n

                                            2. What does premium valuation mean in stock market terms?<\/h3>\n\n\n\n

                                            A premium valuation means investors are willing to pay higher earnings or valuation multiples because they expect stronger future growth and profitability.<\/p>\n\n\n\n

                                            3. What are the main growth drivers for Bharat Electronics?<\/h3>\n\n\n\n

                                            Key growth drivers include defence modernization, indigenous manufacturing initiatives, advanced defence electronics, export opportunities, and government procurement programs.<\/p>\n\n\n\n

                                            4. How does India’s defence spending benefit BEL?<\/h3>\n\n\n\n

                                            Higher defence spending creates opportunities for new contracts, technology upgrades, and modernization projects that can support BEL’s revenue growth.<\/p>\n\n\n\n

                                            5. Does BEL only operate in the defence sector?<\/h3>\n\n\n\n

                                            No. While defence remains its core business, BEL also has operations in railways, smart infrastructure, healthcare electronics, cybersecurity, and other civilian sectors.<\/p>\n\n\n\n

                                            6. What risks are associated with investing in BEL?<\/h3>\n\n\n\n

                                            Key risks include valuation concerns, project execution challenges, procurement delays, government dependency, and increasing competition.<\/p>\n\n\n\n

                                            7. Why do investors consider BEL a quality PSU stock?<\/h3>\n\n\n\n

                                            Investors often highlight BEL’s strong profitability, low debt, healthy cash flows, and consistent order inflows as key strengths.<\/p>\n\n\n\n

                                            8. Can BEL benefit from defence exports?<\/h3>\n\n\n\n

                                            Yes. Expanding exports of defence electronics and surveillance systems may provide additional growth opportunities.<\/p>\n\n\n\n

                                            9. Is BEL affected by government policy changes?<\/h3>\n\n\n\n

                                            Yes. Defence procurement policies, budget allocations, and indigenization initiatives can significantly influence BEL’s business prospects.<\/p>\n\n\n\n

                                            10. What should investors watch going forward?<\/h3>\n\n\n\n

                                            Investors should monitor order inflows, execution performance, revenue growth, profit margins, export opportunities, and developments in India’s defence spending strategy.<\/p>\n\n\n\n

                                            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. 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 & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

                                            Summary: Bharat Electronics Limited (BEL) has emerged as one of the most closely watched defence stocks in India, supported by […]<\/p>\n","protected":false},"author":25,"featured_media":67455,"comment_status":"closed","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948],"tags":[],"class_list":["post-67454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/67454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=67454"}],"version-history":[{"count":1,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/67454\/revisions"}],"predecessor-version":[{"id":67456,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/67454\/revisions\/67456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/67455"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=67454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=67454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=67454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}