India’s top defense electronics business, Bharat Electronics Ltd (BEL), has been expanding significantly over the years. In response to the rising demand for electronics and defense hardware, BEL has been growing its business and diversifying its offerings. Investors are therefore interested in BEL’s share price goal for the foreseeable future.
Many people are unsure if the stock is a smart one to buy given the company’s strong financial performance and promising future. This study will analyze the share price goal for BEL from 2024 to 2030 and look at potential growth inhibitors. So, let’s investigate and see if BEL is a wise investment going forward.
Bharat Electronics Q3FY24 Highlights
- BEL’s Q3 performance showcased a significant 40% increase in net profit, totaling ₹859.6 crore, compared to ₹613 crore in the same period last year.
- Despite revenue remaining largely unchanged at ₹4,162.2 crore, the company demonstrated operational strength with a 24% rise in EBITDA to ₹1,072.6 crore.
- The EBITDA margin stood at 26%, indicating efficient cost management and improved profitability.
- In a move to reward shareholders, BEL announced an interim dividend of ₹0.70 per equity share for the fiscal year 2023-24.
- This dividend declaration underscores the company’s commitment to delivering value to its shareholders amidst its strong financial performance.
- With an order book position of ₹76,217 crore as of January 1, 2024, BEL maintains a solid foundation for future growth and sustains its position as a key player in the aerospace and defence electronics sector.
Below are the trading platforms that you can use to purchase Bharat Electronics shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2024 | 241.92 | 210.37 |
| May 2024 | 238.34 | 207.26 |
| June 2024 | 246.93 | 214.72 |
| July 2024 | 244.46 | 212.57 |
| August 2024 | 254.23 | 221.07 |
| September 2024 | 264.40 | 229.92 |
| October 2024 | 259.22 | 225.41 |
| November 2024 | 267.00 | 232.17 |
| December 2024 | 273.67 | 237.97 |
In April 2024, BEL’s share price ranged between ₹210.37 and ₹241.92, projecting a steady increase through the year. With a current market cap of ₹1,64,105 Cr. and a stock price of ₹224 (as of 6th April 2024), BEL’s growth is marked by a notable P/E ratio of 46.0.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹234.13 | ₹180.10 |
| February 2025 | ₹240.14 | ₹184.72 |
| March 2025 | ₹249.50 | ₹191.93 |
| April 2025 | ₹244.61 | ₹188.16 |
| May 2025 | ₹237.49 | ₹182.68 |
| June 2025 | ₹248.17 | ₹190.90 |
| July 2025 | ₹243.31 | ₹187.16 |
| August 2025 | ₹250.83 | ₹192.95 |
| September 2025 | ₹259.61 | ₹199.70 |
| October 2025 | ₹266.36 | ₹204.89 |
| November 2025 | ₹273.02 | ₹210.02 |
| December 2025 | ₹279.85 | ₹215.27 |
In 2025, BEL’s share price showed a consistent upward trend. Prices climbed from ₹214.73 in January to ₹333.64 in December, indicating strong growth potential.
| When | Maximum Price | Minimum Price |
| January 2026 | 343.65 | 264.35 |
| February 2026 | 352.46 | 271.13 |
| March 2026 | 366.21 | 281.70 |
| April 2026 | 359.03 | 276.18 |
| May 2026 | 348.57 | 268.13 |
| June 2026 | 364.26 | 280.20 |
| July 2026 | 357.12 | 274.70 |
| August 2026 | 368.16 | 283.20 |
| September 2026 | 381.05 | 293.11 |
| October 2026 | 390.95 | 300.73 |
| November 2026 | 400.73 | 308.25 |
| December 2026 | 410.75 | 315.96 |
| When | Maximum Price | Minimum Price |
| January 2027 | 418.96 | 322.28 |
| February 2027 | 429.70 | 330.54 |
| March 2027 | 446.46 | 343.43 |
| April 2027 | 437.71 | 336.70 |
| May 2027 | 424.96 | 326.89 |
| June 2027 | 444.08 | 341.60 |
| July 2027 | 435.37 | 334.90 |
| August 2027 | 448.84 | 345.26 |
| September 2027 | 464.55 | 357.34 |
| October 2027 | 476.63 | 366.64 |
| November 2027 | 488.54 | 375.80 |
| December 2027 | 500.76 | 385.20 |
| When | Maximum Price | Minimum Price |
| January 2028 | 510.77 | 392.90 |
| February 2028 | 523.87 | 402.98 |
| March 2028 | 544.30 | 418.69 |
| April 2028 | 533.63 | 410.48 |
| May 2028 | 518.08 | 398.53 |
| June 2028 | 541.40 | 416.46 |
| July 2028 | 530.78 | 408.29 |
| August 2028 | 547.20 | 420.92 |
| September 2028 | 566.35 | 435.65 |
| October 2028 | 581.07 | 446.98 |
| November 2028 | 595.60 | 458.15 |
| December 2028 | 610.49 | 469.61 |
| When | Maximum Price | Minimum Price |
| January 2029 | 622.70 | 479.00 |
| February 2029 | 638.67 | 491.28 |
| March 2029 | 663.58 | 510.44 |
| April 2029 | 650.56 | 500.43 |
| May 2029 | 631.62 | 485.86 |
| June 2029 | 660.04 | 507.72 |
| July 2029 | 647.10 | 497.77 |
| August 2029 | 667.11 | 513.16 |
| September 2029 | 690.46 | 531.12 |
| October 2029 | 708.41 | 544.93 |
| November 2029 | 726.12 | 558.55 |
| December 2029 | 744.27 | 572.52 |
| When | Maximum Price | Minimum Price |
| January 2030 | 759.16 | 583.97 |
| February 2030 | 778.63 | 598.94 |
| March 2030 | 808.99 | 622.30 |
| April 2030 | 793.13 | 610.10 |
| May 2030 | 770.03 | 592.33 |
| June 2030 | 804.68 | 618.98 |
| July 2030 | 788.90 | 606.85 |
| August 2030 | 813.30 | 625.62 |
| September 2030 | 841.77 | 647.51 |
| October 2030 | 863.65 | 664.35 |
| November 2030 | 885.24 | 680.96 |
| December 2030 | 907.37 | 697.98 |
Financial Condition of Bharat Electronics: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales | 12,164 | 12,968 | 14,109 | 15,368 | 17,734 |
| Expenses | 9,255 | 10,209 | 10,895 | 12,024 | 13,649 |
| Operating Profit | 2,909 | 2,759 | 3,214 | 3,344 | 4,086 |
| OPM % | 24% | 21% | 23% | 22% | 23% |
| Other Income | 73 | 99 | 125 | 232 | 281 |
| Interest | 16 | 8 | 10 | 9 | 15 |
| Depreciation | 338 | 372 | 387 | 401 | 429 |
| Profit before tax | 2,628 | 2,478 | 2,942 | 3,166 | 3,923 |
| Tax % | 30% | 28% | 30% | 26% | 25% |
| Net Profit | 1,887 | 1,825 | 2,100 | 2,400 | 2,986 |
| EPS in Rs | 2.58 | 2.50 | 2.87 | 3.28 | 4.08 |
| Dividend Payout % | 44% | 37% | 46% | 46% | 29% |
Bharat Electronics has shown steady growth in terms of revenue and profit over the past five years. The company’s revenue has increased from ₹12,164 crores in 2019 to ₹17,734 crores in 2023, showing a percentage growth of over 45%. Meanwhile, the profit after tax (PAT) has also witnessed a steady increase from ₹1,887 crores in 2019 to ₹2,986 crores in 2023, showing a percentage growth of over 58%.
The company has maintained a healthy operating profit margin (OPM) ranging from 21% to 23%, indicating efficient cost management. The dividend payout ratio has varied between 29% and 46% over the five years, reflecting the company’s commitment to shareholders. Overall, Bharat Electronics’ consistent revenue and profit growth make it a promising player in the industry.
FAQS
As of April 6th 2024, the current share price of Bharat Electronics is 224 INR.
The share price target for Bharat Electronics in 2025 ranges from ₹214.73 to ₹333.64, reflecting a dynamic performance with varying prices throughout the year.
As our projections, reaching a share price of ₹500 by 2025 seems unlikely for Bharat Electronics. The anticipated share prices for 2025 fall within the range of ₹180.10 to ₹279.85, suggesting a significant gap from the speculated ₹500 target.
Factors that can affect the share price of Bharat Electronics include economic conditions, industry trends, company performance, government policies, and global events.
How has Bharat Electronics performed in terms of revenue growth in recent years?
Bharat Electronics has demonstrated robust revenue growth in recent years, with sales increasing steadily from ₹12,164 crores in 2019 to ₹17,734 crores in 2023, reflecting a significant growth of over 45%.
What is the dividend payout ratio of Bharat Electronics?
The dividend payout ratio of Bharat Electronics has varied between 29% and 46% over the last five years, indicating the proportion of earnings distributed as dividends to shareholders.
How has Bharat Electronics performed in terms of profit growth in recent years?
Bharat Electronics has demonstrated robust profit growth in recent years, with its PAT increasing steadily from ₹1,887 crores in 2019 to ₹2,986 crores in 2023, reflecting a significant percentage growth of over 58%.
What is the current price-to-earnings ratio of Bharat Electronics?
The current P/E ratio of Bharat Electronics stands at 46.0.
Considering Bharat Electronics’ robust financial performance, consistent revenue and profit growth, and the positive outlook indicated by the share price targets, it appears to be a promising investment. However, potential investors should carefully assess market conditions, monitor the company’s future performance, and weigh the associated risks before making an investment decision.
ALSO READ:
- SBI CARDS AND PAYMENT SERVICES SHARE PRICE TARGET
- MARICO SHARE PRICE TARGET
- BAJAJ HOLDINGS AND INVESTMENTS SHARE PRICE TARGET
Conclusion
Bharat Electronics Ltd (BEL) stands as a beacon of strength in the realm of defense electronics, buoyed by its impressive Q3FY24 performance and consistent growth trajectory. With a substantial increase in net profit, efficient cost management reflected in the EBITDA margin, and a solid order book position, BEL demonstrates resilience and potential for sustained success. Furthermore, the company’s commitment to shareholder value through interim dividends underscores its financial stability and investor-friendly approach.
As BEL navigates through dynamic market conditions, its positive revenue and profit growth trends, along with optimistic share price targets, present a compelling case for investment. However, prospective investors should exercise due diligence, considering market volatility and industry dynamics, to capitalize on BEL’s promising outlook effectively.
What did we learn?
- 1 Bharat Electronics Q3FY24 Highlights
- 2 How to purchase Bharat Electronics shares?
- 3 Bharat Electronics (BEL) Share Price Prediction 2024 – 2030
- 4 Financial Condition of Bharat Electronics: Last 5 years
- 5 FAQS
- 5.1 What is the current share price of Bharat Electronics?
- 5.2 What is the share price target for Bharat Electronics in 2025?
- 5.3 Can Bharat Electronics reach a share price of 500 INR by 2025?
- 5.4 What factors affect the share price of Bharat Electronics?
- 5.5 How has Bharat Electronics performed in terms of revenue growth in recent years?
- 5.6 What is the dividend payout ratio of Bharat Electronics?
- 5.7 How has Bharat Electronics performed in terms of profit growth in recent years?
- 5.8 What is the current price-to-earnings ratio of Bharat Electronics?
- 5.9 Should I invest in Bharat Electronics shares?
- 6 Conclusion
Twitter
Linkedin
