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 Ltd (BEL) Reports 30% Surge in Q4 Net Profit, Revenue Jumps 32%
- Net Profit: BEL’s consolidated net profit surged by 30% year-on-year to reach Rs 1,797 crore for Q4 FY 2023-24, compared to Rs 1,382 crore in the same quarter last fiscal. This increase reflects improved operational efficiency and revenue growth.
- Revenue: The company’s revenue from operations also saw a substantial rise, climbing 32% to Rs 8,564 crore from Rs 6,479 crore in the corresponding period of the previous year. This growth underscores strong performance in executing orders and fulfilling contracts.
- Dividend: The board of BEL has recommended a final dividend of Rs 0.80 per share for the financial year 2023-24, pending shareholder approval. This dividend distribution reflects the company’s commitment to rewarding shareholders amidst its positive financial performance.
- Turnover: During Q4 FY 2023-24, BEL achieved a turnover of Rs 8,335.01 crore, compared to Rs 6,327.48 crore in Q4 FY 2022-23, indicating a substantial increase in business activity and revenue generation.
- Order Book: As of April 1, 2024, BEL’s order book stood at Rs 75,934 crore. This strong order backlog provides visibility into future revenue streams and underscores the company’s position in the defence sector.
- Market Performance: Following the announcement of these impressive financial results, BEL’s stock closed 8.11% higher at Rs 257.20 apiece on the BSE. This significant market reaction reflects investor confidence and positive sentiment towards BEL’s growth prospects.
- Strategic Contracts: In February 2024, BEL secured a significant contract worth Rs 2,269 crore from the defence ministry for the procurement of 11 Shakti warfare systems. This contract enhances BEL’s capabilities and reinforces its strategic importance in serving the Indian defence 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 |
| June 2024 | 315.30 | 274.18 |
| July 2024 | 312.15 | 271.44 |
| August 2024 | 324.64 | 282.29 |
| September 2024 | 337.62 | 293.58 |
| October 2024 | 331.00 | 287.83 |
| November 2024 | 344.24 | 299.34 |
| December 2024 | 347.68 | 302.33 |
In June 2024, BEL’s share is projected to reach a maximum price of 315.30, with a minimum price expected at 274.18. Prices are forecasted to fluctuate throughout the year, with July seeing a maximum of 312.15 and a minimum of 271.44. By August, the share price is expected to rise to 324.64, dipping to a minimum of 282.29. September could see the price increase to 337.62, with a minimum of 293.58. October might see a high of 331.00 and a low of 287.83, followed by November’s projected maximum of 344.24 and minimum of 299.34. December is anticipated to close the year with a peak of 347.68 and a low of 302.33.
| When | Maximum Price | Minimum Price |
| January 2025 | 351.16 | 270.12 |
| February 2025 | 354.71 | 272.85 |
| March 2025 | 362.16 | 278.58 |
| April 2025 | 358.57 | 275.82 |
| May 2025 | 348.13 | 267.79 |
| June 2025 | 363.79 | 279.84 |
| July 2025 | 356.66 | 274.35 |
| August 2025 | 367.69 | 282.84 |
| September 2025 | 372.10 | 286.23 |
| October 2025 | 381.78 | 293.68 |
| November 2025 | 391.32 | 301.02 |
| December 2025 | 408.93 | 314.56 |
In 2025, the maximum and minimum prices fluctuate throughout the year. In January, the maximum price of BEL reaches 351.16, while the minimum price is 270.12. By December, the maximum price soars to 408.93, and the minimum price rises to 314.56.
| When | Maximum Price | Minimum Price |
| January 2026 | 421.20 | 324.00 |
| February 2026 | 410.67 | 315.90 |
| March 2026 | 418.88 | 322.22 |
| April 2026 | 427.43 | 328.79 |
| May 2026 | 423.20 | 325.54 |
| June 2026 | 433.78 | 333.68 |
| July 2026 | 425.28 | 327.13 |
| August 2026 | 438.43 | 337.25 |
| September 2026 | 447.20 | 344.00 |
| October 2026 | 458.82 | 352.94 |
| November 2026 | 470.29 | 361.76 |
| December 2026 | 482.05 | 370.81 |
| When | Maximum Price | Minimum Price |
| January 2027 | 486.87 | 374.52 |
| February 2027 | 499.36 | 384.12 |
| March 2027 | 518.83 | 399.10 |
| April 2027 | 508.66 | 391.28 |
| May 2027 | 493.84 | 379.88 |
| June 2027 | 516.07 | 396.97 |
| July 2027 | 505.95 | 389.19 |
| August 2027 | 521.59 | 401.23 |
| September 2027 | 539.85 | 415.27 |
| October 2027 | 553.89 | 426.07 |
| November 2027 | 567.73 | 436.72 |
| December 2027 | 581.93 | 447.64 |
| When | Maximum Price | Minimum Price |
| January 2028 | 593.57 | 456.59 |
| February 2028 | 608.78 | 468.30 |
| March 2028 | 632.53 | 486.56 |
| April 2028 | 620.12 | 477.02 |
| May 2028 | 602.06 | 463.13 |
| June 2028 | 629.16 | 483.97 |
| July 2028 | 616.82 | 474.48 |
| August 2028 | 635.90 | 489.15 |
| September 2028 | 658.15 | 506.27 |
| October 2028 | 675.26 | 519.43 |
| November 2028 | 692.15 | 532.42 |
| December 2028 | 709.45 | 545.73 |
| When | Maximum Price | Minimum Price |
| January 2029 | 723.64 | 556.65 |
| February 2029 | 742.19 | 570.92 |
| March 2029 | 771.14 | 593.18 |
| April 2029 | 756.02 | 581.55 |
| May 2029 | 734.00 | 564.61 |
| June 2029 | 767.03 | 590.02 |
| July 2029 | 751.99 | 578.45 |
| August 2029 | 775.25 | 596.34 |
| September 2029 | 802.38 | 617.22 |
| October 2029 | 823.24 | 633.26 |
| November 2029 | 843.82 | 649.09 |
| December 2029 | 864.92 | 665.32 |
| When | Maximum Price | Minimum Price |
| January 2030 | 882.22 | 678.63 |
| February 2030 | 904.84 | 696.03 |
| March 2030 | 940.13 | 723.17 |
| April 2030 | 921.69 | 708.99 |
| May 2030 | 894.85 | 688.34 |
| June 2030 | 935.12 | 719.32 |
| July 2030 | 916.78 | 705.22 |
| August 2030 | 945.13 | 727.03 |
| September 2030 | 978.21 | 752.47 |
| October 2030 | 1,003.65 | 772.04 |
| November 2030 | 1,028.74 | 791.34 |
| December 2030 | 1,054.46 | 811.12 |
In 2030, BEL Share’s maximum and minimum prices are projected to show significant fluctuations. In January, the maximum price is expected to be 882.22, with a minimum of 678.63. As the year progresses, February sees an increase to 904.84 (maximum) and 696.03 (minimum). By December, the maximum price is anticipated to peak at 1,054.46, while the minimum is forecasted to reach 811.12.
Financial Condition of Bharat Electronics: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 12,968 | 14,109 | 15,368 | 17,734 | 20,268 |
| Expenses + | 10,209 | 10,895 | 12,024 | 13,645 | 15,222 |
| Operating Profit | 2,759 | 3,214 | 3,344 | 4,090 | 5,046 |
| OPM % | 21% | 23% | 22% | 23% | 25% |
| Other Income + | 99 | 125 | 232 | 281 | 670 |
| Interest | 8 | 10 | 9 | 19 | 7 |
| Depreciation | 372 | 387 | 401 | 429 | 443 |
| Profit before tax | 2,478 | 2,942 | 3,166 | 3,923 | 5,266 |
| Tax % | 28% | 30% | 26% | 25% | 25% |
| Net Profit + | 1,825 | 2,100 | 2,400 | 2,986 | 3,985 |
| EPS in Rs | 2.5 | 2.87 | 3.28 | 4.08 | 5.45 |
| Dividend Payout % | 37% | 46% | 46% | 44% | 53% |
Sales Growth: Bharat Electronics Ltd (BEL) has consistently grown its sales revenue over the years, reaching Rs 20,268 crore in March 2024 from Rs 12,968 crore in March 2020, reflecting a steady upward trend in business activity and revenue generation.
Profitability: The company’s operating profit margin (OPM) has also shown improvement, increasing from 21% in March 2020 to 25% in March 2024. This indicates BEL’s effective management of expenses relative to its sales, enhancing profitability over the years.
Net Profit: Net profit has seen significant growth, rising from Rs 1,825 crore in March 2020 to Rs 3,985 crore in March 2024. This upward trajectory underscores BEL’s ability to translate its revenue growth into higher earnings, benefiting shareholders.
Earnings per Share (EPS): EPS has increased steadily from Rs 2.5 in March 2020 to Rs 5.45 in March 2024, driven by both improved profitability and effective management of shares outstanding, reflecting positively on the company’s financial health.
Dividend Payout: The dividend payout percentage has also increased from 37% in March 2020 to 53% in March 2024. This suggests BEL’s commitment to returning value to shareholders through higher dividend distributions as profits have grown.
Financial Management: Despite slight fluctuations in expenses, BEL has maintained a disciplined approach to cost management, as indicated by the stable OPM and consistent growth in net profit. The company’s effective tax management, with a declining tax rate over the years, has further supported its bottom-line growth.
FAQS
As of 14th June 2024, the current share price of Bharat Electronics is 307 INR.
The share price target for Bharat Electronics in 2025 ranges from ₹267.79 to ₹408.93, 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 within the range of ₹267.79 to ₹408.93, 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.
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.
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Conclusion
Bharat Electronics Ltd (BEL) has reported impressive Q4 FY 2023-24 results, marked by a 30% increase in consolidated net profit to Rs 1,797 crore and a 32% rise in revenue to Rs 8,564 crore. The company’s dividend payout has reached 53%, reflecting its strong financial health and commitment to shareholders. BEL’s stock surged 8.11% on the BSE post-results, underscoring investor confidence. With a robust order book of Rs 75,934 crore and strategic contract wins, BEL is well-positioned in the defense sector. These results affirm BEL as a promising investment with strong growth prospects.
What did we learn?
- 1 Bharat Electronics Ltd (BEL) Reports 30% Surge in Q4 Net Profit, Revenue Jumps 32%
- 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 Should I invest in Bharat Electronics shares?
- 6 Conclusion
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