BEL Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – Discover BEL’s share price targets for 2024-2030 alongside in-depth analysis of its fundamentals and quarterly results. Explore the strategic insights driving BEL’s growth trajectory in the defense sector and unlock investment opportunities for long-term wealth creation.
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In the dynamic landscape of stock markets, discerning investors are constantly on the lookout for promising opportunities. Bharat Electronics Limited (BEL), a stalwart in the Indian defense sector, has been a focal point for many investors eyeing long-term growth prospects. As we delve into the analysis of BEL’s share price targets spanning from 2024 to 2030, we uncover a compelling narrative of robust fundamentals and promising quarterly results.
Established in 1954, Bharat Electronics Ltd is into manufacturing and supplying electronic equipments and systems for the defense sector. Additionally, the company is limited presence in the commercial market.
Latest Update – Bharat Electronics Ltd. disclosed an increase in profit for the first quarter that surpassed anticipations. The company’s net profit increased by 46.2 percent on a year-on-year basis to ₹776 crore for the quarter ending on 30th June, 2024 according to an exchange filing made yesterday.
BEL Overview
The Bharat Electronics Limited company was established in 1954. It was incorporated into the NAVARATNA category, a status accorded by the Indian government. The home office is in Bangalore, India with two production units located at Ghaziabad. Major products exported by BEL include Avionics, Radars, Weapon Systems and Electronic Voting Machines for defense electronics for Government of India
| Company Name | BEL |
|---|---|
| Listed at | NSE & BSE |
| Head Office | Corporate Office Outer Ring Road, Nagavara Bangalore |
| Board Of Directors |
|
| Official Website | bel-india.in |
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About Bharat Electronics Ltd
Bharat Electronics Ltd (BEL) is a prominent provider of electronic solutions catering primarily to the Indian defense services and various governmental bodies. Its extensive range of offerings encompasses defense communication products, land-based radars, naval systems, electronic warfare systems, avionics, as well as electronic systems for tanks and armored fighting vehicles. Additionally, BEL specializes in electro-optics, weapon systems, C4ISR systems, shelters, masts, simulators, batteries, and a diverse array of components and devices.
In addition to its product line, BEL offers comprehensive services including precision machining, fabrication, opto-electronic components and assemblies, microwave integrated circuit assemblies, antenna manufacturing, cable assemblies, wiring harnesses, super components modules, and assembly and testing services.
With a global outlook, BEL extends its reach beyond Indian borders, exporting its products to Europe, Asia, Africa, North America, and the Middle East.
the future of Bharat Electronics Ltd (BEL) shares seems optimistic. The forecast suggests a bullish trend, with steady growth anticipated from 2024 to 2035.
- In 2024, the predicted range for BEL shares is between ₹185.40 and ₹232.71, with the potential for hitting ₹232.71 by year-end.
- By 2030, the stock is forecasted to reach around ₹346.39.
- Finally, by 2035, the projected target price is ₹555.82.
These estimates are based on various factors including past performance, market conditions, and company initiatives.
BEL Business Profile
The government created the ‘Company’ under the Ministry of Defence as an answer to take care of the Indian Defense electronic needs. BEL is a multi-product, multi-technology, conglomerate, which offers equipment and solutions to the Indian armed forces in the fields of Radars/fire control systems, Missile Systems, Communication and C4I systems, Electronic Warfare & Avionics, Naval Systems/Antisubmarine Warfare Systems, Electro Optics, Tank Electronics/ Gun Upgrades etc.
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Product and Service Expansion
The company has planned to spend 700-800 crores on capex this year and will also keep R&D spending at 6-7% of revenues.
ORA Weapon System
Bharat Electronics Ltd (BEL) and Israel Aerospace Industries (IAI) have signed an MoU to produce and supply of the LORA Weapon System for the Indian Tri-services through domestic manufacturing. Under the workshare agreement signed between the two companies, BEL will manufacture the strategic weapon system armament.
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BEL, CoRover MoU
BEL and CoRover Private Limited signed an N2 million, 2-year non-exclusive MoU for generative AI using the Co-Rover’s BharatGPT platform.
Lithium Ion batteries
BEL has designated rechargeable lithium-ion batteries and fuel cells as one of its main focus areas, and set up a separate micro- strategic business unit (SBU). The firm has entered into different Memorandum of Understandings (MOUs) with Triton Electric Vehicle LLC in the United States and SFC Energy AG in Germany as well as other private and public enterprises.
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Renewable Energy
BEL has decided to work on solar power plants that are based on Engineering Procurement Construction (EPC) and founded Micro Small Business Unit. In addition, ISRO selected BEL for producing four-junction solar cells for their satellite based applications. The plant with an annual output capacity of ~60,000 four-junctioned cells would be completed by ISRO under the public-private partnership regime but run by a private party.
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Space Electronics
BEL may act as an Indian Space Research Organisation supplier for AIT. Here they will be participated for provision and installation of different sets of satellite networks as well as hubs in communication satellite applications.
Network and Cyber Security
Business is expected to grow after Security Analytics Center (SAC) for Government Agencies, Data-Diode Solutions for DRDO, PKI and associated services for IAF, Security services for Banking/government agencies, Security Information and Event Management (SIEM) solution for IAF, Security Operation Center for PSUs, etc.: The Network & Cyber Security division has secured orders from these organizations (CERT-In has appointed BEL to provide information security auditing services).
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Railway and Metro
In its i-ATS System, Mission Critical Communication System, Composite Panel, Platform Screen Doors among others, BEL is collaborating with DMRC, RDSO, NCRTC, plus a number of private/public entities, AF-Gating system like e-Banking was implemented for AFC/NFC operation from the customer-perspective angle within Metro train coaches.
Defense Unmanned System
BEL collaborates with DRDO, international original equipment manufacturer’s (OEMs) and institute of scientific and industrial research (ISIR) in India, as well as startups to meet UAV/UGV/UUV/USV needs of Indian armed forces or stakeholders outside government .BEL is designing various payload types required on board unmanned aircraft vehicles (UAV) including sensors. Also, BEL developed Drone Guard System among others which have helped to detect any unauthorized entry into restricted spaces. Contractor also has ongoing projects like producing missiles(air to ground, ground to air, anti-tank weapons), seeker systems outfitted with radar frequency (RF) or infrared radiation sensors (IR) fitted for tracking objects they are fired at, as well as manufacturing loads of gun shells/shells for different types of firearms.
BEL Fundamentals & Quarterly Results
| Market Cap | ₹ 1,68,161 Cr. |
| Current Price | ₹ 230 |
| High / Low | ₹ 242 / 106 |
| Stock P/E | 47.1 |
| Book Value | ₹ 20.3 |
| Dividend Yield | 0.80 % |
| ROCE | 29.9 % |
| ROE | 22.8 % |
| Face Value | ₹ 1.00 |
| Debt to equity | 0.00 |
| Debt Capacity | 0.11 |
| Debt preceding year | ₹ 52.7 Cr. |
| Debt | ₹ 61.4 Cr. |
| Reserves | ₹ 14,085 Cr. |
| EPS | ₹ 4.88 |
| EPS last year | ₹ 4.08 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 3,660 Cr. |
| EVEBITDA | 31.4 |
| Industry PE | 69.4 |
| PEG Ratio | 2.98 |
| Piotroski score | 8.00 |
| Earnings yield | 2.95 % |
BEL Quarterly Results
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,340 | 3,141 | 3,962 | 4,153 | 6,479 | 3,533 | 4,009 | 4,162 |
| Expenses | 4,762 | 2,618 | 3,093 | 3,290 | 4,647 | 2,860 | 2,995 | 3,090 |
| Operating Profit | 1,578 | 522 | 868 | 863 | 1,832 | 673 | 1,014 | 1,072 |
| OPM % | 25% | 17% | 22% | 21% | 28% | 19% | 25% | 26% |
| Other Income | 64 | 82 | 74 | 59 | 66 | 140 | 137 | 167 |
| Interest | 4 | 1 | 2 | 10 | 2 | 1 | 2 | 1 |
| Depreciation | 106 | 99 | 109 | 106 | 114 | 109 | 108 | 107 |
| Profit before tax | 1,531 | 504 | 831 | 806 | 1,782 | 703 | 1,041 | 1,132 |
| Tax % | 25% | 29% | 26% | 25% | 23% | 25% | 25% | 25% |
| Net Profit | 1,155 | 366 | 624 | 614 | 1,382 | 539 | 790 | 860 |
| EPS in Rs | 1.58 | 0.50 | 0.85 | 0.84 | 1.89 | 0.74 | 1.08 | 1.18 |
CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM (Trailing Twelve Months) |
|---|---|---|---|---|
| Compounded Sales Growth | 11% | 11% | 11% | 3% |
| Compounded Profit Growth | 13% | 16% | 18% | 29% |
| Stock Price CAGR | 34% | 50% | 70% | 111% |
| Return on Equity (ROE) | 19% | 21% | 21% | 23% |
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Promoter Holding (%) | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% | 51.14% |
| FII Holding (%) | 17.36% | 17.34% | 16.42% | 17.35% | 17.19% | 17.77% | 17.56% |
| DII Holding (%) | 25.63% | 25.04% | 25.50% | 24.84% | 24.19% | 23.37% | 22.63% |
| Public Holding (%) | 5.88% | 6.47% | 6.95% | 6.68% | 7.49% | 7.72% | 8.66% |
| No. of Shareholders | 5,79,807 | 7,07,098 | 7,80,211 | 7,67,820 | 9,74,782 | 10,98,228 | 13,64,873 |
| Year | Year-End Target |
|---|---|
| 2024 | ₹280 |
| 2025 | ₹334 |
| 2026 | ₹378 |
| 2027 | ₹432 |
| 2028 | ₹485 |
| 2029 | ₹540 |
| 2030 | ₹606 |
| Month | Target Price |
| January | ₹285 |
| February | ₹293 |
| March | ₹287 |
| April | ₹294 |
| May | ₹297 |
| June | ₹301 |
| July | ₹308 |
| August | ₹313 |
| September | ₹321 |
| October | ₹324 |
| November | ₹330 |
| December | ₹334 |
| Month | Target Price |
| January | ₹339 |
| February | ₹343 |
| March | ₹348 |
| April | ₹353 |
| May | ₹350 |
| June | ₹358 |
| July | ₹364 |
| August | ₹362 |
| September | ₹367 |
| October | ₹370 |
| November | ₹374 |
| December | ₹378 |
| Month | Target Price |
| January | ₹376 |
| February | ₹380 |
| March | ₹385 |
| April | ₹389 |
| May | ₹393 |
| June | ₹396 |
| July | ₹405 |
| August | ₹410 |
| September | ₹416 |
| October | ₹420 |
| November | ₹426 |
| December | ₹432 |
| Month | Target Price |
| January | ₹435 |
| February | ₹442 |
| March | ₹448 |
| April | ₹456 |
| May | ₹450 |
| June | ₹463 |
| July | ₹467 |
| August | ₹470 |
| September | ₹473 |
| October | ₹475 |
| November | ₹482 |
| December | ₹485 |
| Month | Target Price |
| January | ₹489 |
| February | ₹493 |
| March | ₹497 |
| April | ₹504 |
| May | ₹510 |
| June | ₹514 |
| July | ₹518 |
| August | ₹523 |
| September | ₹527 |
| October | ₹530 |
| November | ₹534 |
| December | ₹540 |
| Month | Target Price |
| January | ₹545 |
| February | ₹552 |
| March | ₹560 |
| April | ₹565 |
| May | ₹571 |
| June | ₹574 |
| July | ₹576 |
| August | ₹584 |
| September | ₹589 |
| October | ₹594 |
| November | ₹600 |
| December | ₹606 |
Official Website – bel-india.in
To purchase BEL (Bharat Electronics Limited) shares online, you typically follow these steps:
- Choose a Stock Broker: First, you need to select a stockbroker that offers online trading services. Ensure that the broker is registered with the relevant regulatory authorities and provides a user-friendly online platform.
- Open a Demat and Trading Account: Once you’ve chosen a broker, you’ll need to open a Demat (Dematerialized) account and a trading account with them. These accounts are necessary for holding and trading shares electronically.
- KYC Process: Complete the Know Your Customer (KYC) process by submitting required documents such as identity proof, address proof, and PAN card details to your chosen broker.
- Deposit Funds: Transfer funds to your trading account to have money available for purchasing shares.
- Research and Analysis: Before buying BEL shares, conduct thorough research and analysis of the company, its financials, performance, and future prospects. This will help you make an informed investment decision.
- Place an Order: Log in to your online trading account, navigate to the trading section, and place a buy order for BEL shares. Enter the quantity of shares you want to purchase and the price at which you want to buy them. You can place different types of orders such as market order, limit order, or stop-loss order, depending on your preference.
- Monitor Your Investment: After purchasing BEL shares, monitor your investment regularly through your trading account. Keep track of any news or developments related to the company that may impact its stock price.
- Review and Manage Your Portfolio: Periodically review your investment portfolio and make any necessary adjustments based on changes in your investment goals, market conditions, and the performance of BEL shares.
Remember to be cautious while investing in the stock market and consider seeking advice from a financial advisor if needed.
Faqs
Is BEL a good stock to buy?
Bharat Electronics has TTM P/E ratio 37.70 as compared to the sector P/E of 39.97. There are 24 analysts who have initiated coverage on Bharat Electronics. There are 10 analysts who have given it a strong buy rating & 8 analysts have given it a buy rating. 2 analysts have given the stock a sell rating.
BEL stands for Bharat Electronics Limited, which is a state-owned electronics company in India. The target of BEL shares can vary based on individual investment strategies and market conditions. Investors may have different targets for investing in BEL shares, such as long-term capital appreciation, dividend income, or portfolio diversification. It is important for investors to conduct thorough research and consult with financial advisors to determine an appropriate target for investing in BEL shares based on their financial goals and risk tolerance.
What is the target price of BEL in 2025?
BEL share price target is between ₹285.00 to ₹334.20 in 2025.
Analysts determine the share price target for a company like BEL by conducting in-depth analyses of various factors such as the company's financial performance, industry trends, market conditions, and growth prospects. They may use valuation methods like discounted cash flow analysis, comparable company analysis, or precedent transactions to arrive at a target price that reflects their assessment of the company's intrinsic value. Additionally, analysts consider factors like macroeconomic indicators, competitive landscape, and management quality when determining the share price target for a specific company like BEL.