AgenciesRelated
Anand Rathi has buy call on Bharat Electronics with a target price of Rs 243. The current market price of Bharat Electronics Ltd. is Rs 198.65. Time period given by analyst is one year when Bharat Electronics Ltd. price can reach defined target.
Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 48707.49 Crore) operating in Defence sector.
Bharat Electronics Ltd. key Products/Revenue Segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Rent and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3761.56 Crore, up .56 % from last quarter Total Income of Rs 3740.43 Crore and up 60.48 % from last year same quarter Total Income of Rs 2343.90 Crore. Company reported net profit after tax of Rs 584.87 Crore in latest quarter.
Investment Rationale
The future of the company looks promising. The Defence Sector is being opened up for private sector participation with the evolution of Defence Procurement Procedure. In this changing business scenario, BEL is focusing on enhancing interaction at various levels and building long term relationships with customers, emerging Strategic Partners and other key stakeholders in the Indian defence industry as a trusted and committed partner. The brokerage initiates coverage on BEL with a BUY rating and a target price of ₹ 243.
Promoter/FII Holdings
Promoters held 51.14 per cent stake in the company as of 31-Dec-2021, while FIIs owned 17.21 per cent, DIIs 26.77 per cent.
Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 48707.49 Crore) operating in Defence sector.
Bharat Electronics Ltd. key Products/Revenue Segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Rent and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3761.56 Crore, up .56 % from last quarter Total Income of Rs 3740.43 Crore and up 60.48 % from last year same quarter Total Income of Rs 2343.90 Crore. Company reported net profit after tax of Rs 584.87 Crore in latest quarter.
Investment Rationale
The future of the company looks promising. The Defence Sector is being opened up for private sector participation with the evolution of Defence Procurement Procedure. In this changing business scenario, BEL is focusing on enhancing interaction at various levels and building long term relationships with customers, emerging Strategic Partners and other key stakeholders in the Indian defence industry as a trusted and committed partner. The brokerage initiates coverage on BEL with a BUY rating and a target price of ₹ 243.
Promoter/FII Holdings
Promoters held 51.14 per cent stake in the company as of 31-Dec-2021, while FIIs owned 17.21 per cent, DIIs 26.77 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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