Bharat Electronics Ltd up by 6.55 percent | Espresso


Espresso Shot of the Day - Bharat Electronics Ltd up by 6.55 percent

April 07, 2022
Espresso Shot of the Day - Bharat Electronics Ltd up by 6.55 percent

BHARAT ELECTRONICS LTD 234.35  (+6.55%) BSE – INE263A01024 | 7THAPRIL 2022

In 1954, in a newly independent India, the need was utmost to develop indigenous industry. The dream of a self-reliant India gave birth to many Public Sector Undertakings. Bharat Electronics Limited (BEL) was one such dream, which has come a long way since then with the far-sighted vision of its pioneers, the dedication and hard work of its employees, support and faith of its customers and the Government of India. The Government’s clarion call for ‘Make in India’ resonates with what BEL has been successfully doing for over 6 decades. From humble beginnings in 1954, when BEL was set up in association with CSF, France (now, Thales), to manufacture basic communication equipment, BEL now produces a wide range of state-of-the-art equipment in fields such as Defence Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom & Broadcast Systems, Electronic Warfare, Tank Electronics, Electro-Optics, Professional Electronic Components and Solar Photovoltaic Systems, BEL also provides turnkey system solutions. Civilian products from BEL include Electronic Voting Machines, Tablet PC, solar-powered traffic signal systems and Access Control Systems. Starting from a single Unit in Jalahalli, Bangalore, BEL has established its presence across the country by setting up eight other Units – in Ghaziabad, Pune, Machilipatnam, Panchkula, Kotdwara, Navi Mumbai, Chennai and Hyderabad. Each Unit has a specific product mix and customer focus. BEL has also set up a wide network of offices and service centres countrywide as well as two overseas offices – at New York and Singapore.

Recent Drivers

  • On Apr 01, 2022, the company achieved a turnover of about Rs. 15,000 crores in FY22
  • On Mar 30, 2022, the company secured two separate orders from India's Ministry of Defence worth an aggregate Rs.3102 crores.
  • On Mar 17, 2022, the company declared an interim dividend of Rs.1.50 Per equity share.
  • On Feb 25, 2022, the Ministry of Defence signed a contract worth Rs.1, 075 crores with the company.
  • On Feb 01, 2022, the company reported Net Sales of Rs.3, 701.65 crores in December 2021, up 59.53% from Rs.2, 320.39 crores in December 2020.
  • On Feb 01, 2022, the company reported a Quarterly Net Profit of Rs.595.86 crores in December 2021, up 114.3% from Rs.278.05 crores in December 2020.
  • On Jan 27, 2022, Bharat Electronics (BEL) and Hyperion Global Group entered into a contract to develop, manufacture and supply Internet of Things (IoT) devices for the US market.
  • On Dec 21, 2021, Saudi Arabia's Power for Defense Technologies Co (PDTC) entered into an agreement with state-owned Bharat Electronics Ltd (BEL) to promote defence and aerospace technologies in both countries.
  • On Dec 16, 2021, the company received an order worth 2,400 crores from Hindustan Aeronautics (HAL) for the manufacture and supply of 20 types of airborne electronic systems.
(Sources: BSE, Moneycontrol, Business Standard, Economic Times)

Technical Force*

  • S&P BSE 200 month till date gain up by 1.86%
  • Traded on new All-time high value of 237.90
  • Spurt in volume by more than 5.58 times compared to the previous vol. 3 months avg. volume: 393,958
  • Quantity traded: 16, 58,183 | Deliverable Quantity: 3, 28,652 (19.82%)
  • Stock price has jumped by more than 95% from a one-year low level: of 120.55 (Apr 12, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 237.90 | 52-week-low: 120.55

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Some Key Ratios (Source: BSE)

Market Cap: 57,101.56 Crores

PE: 20.94

OPM%: 23.86

ROE%: 22.87

Promoters holding%: 51.14

Prev. Close: 219.95

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.