Bharat Electronics Ltd.
Snapshot View

235.00 +7.40 ▲3.3%

20 May 2022, 04:01:00 PM
Volume: 355,336

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Engineering - Industrial Equipments Compare with Industry peers
Website http://www.bel-india.in
Market Cap 57,259.93 Cr.
Enterprise Value(EV) 57,259.93 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 10.72 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 21.92 Trailing Twelve Months Ending 2021-12
Industry PE 42.12 Trailing Twelve Months Ending 2021-12
Book Value / Share 50.35 Trailing Twelve Months Ending 2021-12
Price to Book Value 4.67 Calculated using Price: 235.00
Dividend Yield 1.70 Period Ending 2021-03
No. of Shares Subscribed 243.66 Cr. 2,436,592,943 Shares
FaceValue 1
Company Profile

From humble beginnings in 1954, when Bharat Electronics (BEL) was set up in association with CSF, France (now, Thales), to manufacture basic communication equipment, the company 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, the company 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. The company has also set up a wide network of offices and service centres countrywide as well as two overseas offices – at New York and Singapore. The company was established to meet the specialized electronic equipment requirements of the Indian Defence Services. While this continues to be its prime focus, the company has a significant presence in the civilian market, too. It exports some of its products and services to a number of countries as well.

Business area of the company

The company is an Indian state-owned aerospace and defence company. It is owned by the Indian Government and primarily manufactures advanced electronic products for the Indian Armed.

Awards

2009-10:

  • Raksha Mantri's Awards for Import Substitution, Design Efforts, Innovation and Best Performing Division among DPSUs.
  • Dun & Bradstreet Corporate Award 2009 in the category of Electrical and Electronic Equipment sector.
  • Indian Semiconductor Association Technovation Award for the Best Electronic Product of the Year 2010 for the Pre-shower 32 Channel Silicon Strip Detector supplied to CERN, Geneva, for the Big Bang Experiment.
  • SCOPE's Commendation Certificate for R&D, Technology Development & Innovation for the year 2007-08.
  • Ghaziabad Unit won the International Safety Award for the 18th time from the British Safety Council, UK.

2010-11:

  • BEL received Raksha Mantri Awards in the categories of Best Performing Division, Import Substitution, Design Effort and Innovation for the year 2008-09.
  • BEL won the Gold trophy for SCOPE Meritorious Award for Corporate Governance for the year 2009-10.
  • BEL won the Gold prize in the Heavy Industries category of DNA-Dainik Bhaskar India Pride Award (2010) for ‘Excellence in PSUs’.
  • BEL won the ELCINA-EFY Award for Excellence in Quality (first prize) for the year 2010-11.
  • ‘Gold Award’ for Advertisement & Appreciation for Corporate Film (Hindi) at the PRCI Annual Corporate Collateral Award (2011).

2011-12:

  • BEL received the Dun & Bradstreet-Rolta Corporate Award under the ‘Electrical and Electronic Equipment’ category for the year 2010.
  • BEL was conferred the PSE Excellence Award 2011 for R&D, Technology, Development & Innovation by the Department of Public Enterprises (DPE), Government of India, and Indian Chamber of Commerce in the Navratna category.
  • BEL won the Best Employer of Persons with Disabilities National Award for 2011.
  • BEL received the ‘Organization with Innovative Practices, 2012’ HR Leadership Award from the Institute of Public Enterprises.
  • BEL received the SCOPE Meritorious Award for R&D, Technology Development & Innovation for 2010-11; the SODET award for Technology Innovation - Gold Category and Broadcast Engineering Society Award for Disaster Warning System.

2012-13:

  • Businessworld International Business Award in the Electricals, Electronics & Machinery Category on May 28, 2012.
  • International Aerospace Awards on February 5, 2013. BEL received two awards--‘Most Influential Company of the Year’ and ‘Excellence in Exports’ at the second International Aerospace Awards organised by International Aerospace magazine.
  • Dun & Bradstreet-Rolta Corporate Award 2011 for the top Indian company in the Electrical & Electronic Equipment sector, on June 1, 2012.
  • Dalal Street ‘Most Efficient Navratna Manufacturing Unit’ Award at the 4th PSU Awards 2012 in March 2013.

2013-14:

  • BEL received the Raksha Mantri’s Awards for Excellence (2011-12) in four categories: ‘Best Performance in Exports’ (Institutional Award), ‘Indigenisation’ (Group/Individual Award), ‘Design Efforts’ and ‘Innovation’, on November 25, 2013.
  • Ghaziabad, Hyderabad, Machilipatnam and Navi Mumbai —won the ‘Strong Commitment to Excel’ recognition in the CII-EXIM Bank Award for Business Excellence.

2014-15:

  • Mentor Graphics Silicon India Leadership Award 2014 for ‘Best VLSI/Embedded Design in Defence/Aerospace Sector’.
  • SAP Award for Customer Excellence 2014.
  • SODET Gold Award for 2013-14 for ‘Technology Innovation’.

2015-16:

  • India Today PSU Awards: ‘Best Global Presence Award’, ‘Eco Friendly Award’ and ‘Best R&D Innovation Award.
  • Dun & Bradstreet ‘India’s Top PSUs Award 2015’, for the top Indian company in the Electrical & Electronic Equipment sector.
  • Digital India PSE of the Year Award at the 2nd IPSE Awards 2015 - India’s Public Sector Enterprises Awards for Excellence.
  • ELCINA-EFY Awards for Quality (1st prize in Large Scale category) and Exports (2nd prize in Large Scale category).

2016-17:

  • Dun & Bradstreet’s India’s Top PSU Award 2016 for Electricals & Electronics sector.
  • Dun & Bradstreet’s India’s Top 500 Company.
  • Governance Now PSU Award.
  • SAP Aerospace & Defence Award - Company of the Year.
  • First prize for Excellence in Suggestion Scheme Implementation for BEL’s Bangalore Complex.

2017-18:

  • Dun and Bradstreet India’s Top PSU Award 2017 in the Manufacturing: Medium and Light Engineering Sector category.
  • First prize in ‘Responsible Organisation Excellence Awards’ 2016-17 (PSU category) instituted by ASSOCHAM.
  • Six Raksha Mantri’s Awards for Excellence for the years 2014-15 and 2015-16: 2 awards for Indigenization; 2 awards for Design Effort; Best Performance in Export; Best Performing Division.

2019-20:

  • ‘Governance Now’ Awards for Research & Innovation, HR Excellence and Geo-Strategic Reach.
  • Indian Chamber of Commerce (ICC) PSE Excellence Awards for ‘R&D Excellence’, ‘Operational Performance Excellence’ and ‘Human Resources Management Excellence’.
  • Business World Digital India Award for ‘Best Initiative in Transport and Mobility’ in the Government sector for ‘SWAGAT’, the Automatic Fare Collection Gating System jointly developed by BEL & Centre for Development of Advanced Computing (CDAC).

Major events and milestones:

  • 2017: BEL Achieves Turnover of Rs 8,800 crore.
  • 2018: BEL signs MoU with L&T.
  • 2018: Eight new products were launched at stall at DEFEXPO 2018.
  • 2018: BEL achieves landmark turnover of more than Rs 10,000 crore.
  • 2018: BEL signs MoU with Mahindra Defence Systems.
  • 2018: BEL signs MoU with Mahindra Defence Systems.
  • 2018: BEL order book crosses Rs 50K Cr mark.
  • 2019: BEL signs MoU with Bharat Forge.
  • 2019: BEL signs MoU with Elettronica SpA (ELT).
  • 2019: BEL receives Export Order for $33 Million.
  • 2019: BEL signs MoU with JSR Dynamics for manufacture and sale of Glide Weapons and Light Weight Cruise missiles.
  • 2019: BEL signs Teaming Agreement with Hughes India for Helicopter Satcom Solutions.
  • 2019: BEL launches Atmospheric Water Generator Safe Drinking Water, Straight from the Air.
  • 2019: BEL, Elbit Systems sign TCA for Helmet Mounted Display System.
  • 2019: BEL inks MoU with TEL for growth in ammunition business.
  • 2020: BEL signs MoU with RailTel.
  • 2020: BEL signs MoU with Sigtech Wireless Technologies.
  • 2020: OFB signs MoU with BEL.
  • 2020: BEL signs MoU with Newspace & Research Technologies.
  • 2020: BEL and Tech Mahindra Collaborate to Design and Build Cutting Edge Digital Solutions for Aerospace & Defence.
  • 2020: BEL inks contract with MoD for Coastal Surveillance System, Phase-II.
  • 2020: BEL signs MoU with Indian Institute of Technology Madras (IITM).
  • 2020: BEL signs tripartite MoU with Elbit and GRSE for Unmanned Surface Vessels.
  • 2020: BEL achieves record turnover in excess of Rs 12,500 crore.
  • 2020: AAI, BEL sign MoU for co-operation in Civil Aviation industry.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+3.25%
1 Week
+7.38%
1 Month
-7.19%
3 Month
+17.50%
6 Month
+12.39%
1 Year
+49.87%
2 Year
+271.54%
5 Year
+48.31%
10 Year
+525.67%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 14.52 13.51 15.20 14.85 17.63 17.87 21.45 18.59 19.59
Return on Capital Employed (%) 18.39 17.22 19.27 19.76 23.43 24.70 30.50 25.73 27.92
Return on Assets (%) 5.48 5.78 7.09 7.37 8.50 7.91 9.51 8.11 7.83

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 6,647 7,441 8,318 9,246 7,736 8,016 9,212 10,072 11,060 11,469
Non Curr. Liab. 1,043 984 1,028 444 567 606 675 898 1,122 1,079
Curr. Liab. 8,745 8,087 7,897 8,451 8,751 9,896 10,449 12,866 16,832 18,031
Minority Int. 3 4 6 5 14 13 13 14 15 15
Equity & Liab. 16,439 16,516 17,248 18,146 17,067 18,530 20,349 23,850 29,028 30,594
Non Curr. Assets 2,100 2,236 2,312 2,313 3,001 4,226 4,474 5,112 5,313 5,527
Curr. Assets 14,339 14,280 14,936 15,833 14,067 14,305 15,874 18,738 23,716 25,067
Misc. Exp. not W/O
Total Assets 16,439 16,516 17,248 18,146 17,067 18,530 20,349 23,850 29,028 30,594

Profit Loss View Details

Particulars 10 years 2005-03 Rs. Cr. 2006-03 Rs. Cr. 2007-03 Rs. Cr. 2008-03 Rs. Cr. 2013-03 Rs. Cr. 2016-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 3,340 3,655 4,049 4,207 6,273 7,354 12,164 12,968 14,109 15,946
Other Income 121 118 199 247 655 600 215 331 154 225
Total Income 3,461 3,773 4,248 4,453 6,927 7,953 12,379 13,298 14,262 16,171
Total Expenditure -2,642 -2,776 -3,078 -3,182 -5,639 -6,021 -9,397 -10,440 -10,924 -12,202
PBIDT 818 997 1,170 1,271 1,288 1,933 2,982 2,858 3,339 3,969
Interest -13 -30 -5 -4 -7 -10 -16 -8 -10 -6
Depreciation -78 -90 -93 -101 -136 -192 -338 -372 -387 -392
Taxation -241 -276 -340 -350 -236 -427 -780 -686 -872 -1,007
Exceptional Items -31 -3 0 21 3
PAT 455 599 732 837 911 1,304 1,848 1,793 2,069 2,564
Minority Interest 0 0 -1 0 0 1 0 -1 -1 -1
Share Associate 33 39 32 30 50
Other Related Items
Consolidated Net Profit 454 598 732 837 911 1,337 1,886 1,824 2,099 2,613
Adjusted EPS 2 2 3 3 3 5 8 7 9 11

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 179 -1,540 -569 1,434 2,260 -61 -687 1,514 2,570 5,093
Cash Fr. Inv. -953 1,753 759 -839 -1,470 3,115 -6 -896 -649 -2,595
Cash Fr. Finan. -239 -157 -213 -209 -318 -2,857 -1,202 -663 -1,061 -1,076
Net Change -1,014 56 -23 386 472 197 -1,895 -45 861 1,422
Cash & Cash Eqvt 1,752 1,809 1,786 2,171 2,503 2,700 804 760 1,621 3,043

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 51.14 51.14 51.14 51.14 51.14 51.14 51.14 51.14 51.14
Public 48.86 48.86 48.86 48.86 48.86 48.86 48.86 48.86 48.86
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 05 May 2022
Announcement under Regulation 30 (LODR)-Cessation
Pursuant to Regulation 30(2) of SEBI (LODR) Regulations 2015 we hereby inform that as informed by DRDO Bengaluru vide its communication dated 05th May 2022 Ms. Manjula Jillellamudi DS & DG (ECS) DRDO superannuated on 30th April 2022 and ceases to be the Government Nominee Director (Part - time Official Director) on the Board of Bharat Electronics Limited (BEL) w.e.f. 01st May 2022.
Wed, 04 May 2022
Board Meeting Intimation for Intimation Of Date Of Board Meeting.
BHARAT ELECTRONICS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2022 inter alia to consider and approve We wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Monday the 23rd May 2022 to consider and approve inter alia Audited Standalone & Consolidated Financial Results for the quarter/year ended 31S1 March 2022 and also to consider recommendation of final Dividend for the financial year 2021-22 if any.
Wed, 04 May 2022
Board to consider FY22 results & Final Dividend on May 23 2022
Bharat Electronics Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on May 23 2022 to consider and approve inter alia Audited Standalone & Consolidated Financial Results for the quarter/year ended March 31 2022 and also to consider recommendation of final Dividend for the financial year 2021-22 if any.

Technical Scans View Details

Fri, 20 May 2022
Close Crossing Last Week High Close Crossing Last Week High
Closing Above Previous High Closing Above Previous High
Close Within 52 Week High Zone Close Within 52 Week High Zone
High Decrease 1 Month High Decrease 1 Month
High Increase 3 Months High Increase 3 Months

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