BEL Share Price Target 2024-2030 Fundamentals & Quarterly Results

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.

BEL Share Price Target

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.

BEL Share Price Target

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
  • Mr Bhanu Prakash Srivastava, Director (Other Units), and Additional Charge, Chairman and
    Managing Director
  • Mr Manoj Jain, Director (R&D) & Additional Charge, Director (Bangalore Complex)
  • Mr Damodar Bhattad, Director (Finance) & CFO
  • Mr Vikraman N, Director (HR)
  • Mr K V Suresh Kumar, Director (Marketing)
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.

What is the future of BEL share?

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%

BEL Shareholding Pattern

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

BEL Share Price Target 2024-2030 Forecast

Year Year-End Target
2024 ₹280
2025 ₹334
2026 ₹378
2027 ₹432
2028 ₹485
2029 ₹540
2030 ₹606

BEL Share Price Target 2025

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

BEL Share Price Target 2026

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

BEL Share Price Target 2027

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

BEL Share Price Target 2028

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

BEL Share Price Target 2029

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

BEL Share Price Target 2030

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 Websitebel-india.in

How To Purchase BEL Share Online?

To purchase BEL (Bharat Electronics Limited) shares online, you typically follow these steps:

  1. 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.
  2. 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.
  3. 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.
  4. Deposit Funds: Transfer funds to your trading account to have money available for purchasing shares.
  5. 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.
  6. 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.
  7. 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.
  8. 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.

What is the target of BEL Share?

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.

How do analysts determine the share price target for BEL?

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.

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