Synopsis: Bharat Electronics Ltd gained 2% after securing Rs. 596 crore in fresh orders, strengthening its order book with drone, communication, and technology systems, and reinforcing its growth momentum.
The company is a supplier of advanced electronic equipment and systems to the Indian defense sector, specializes in radar, fire control, weapon, communication, and network-centric systems is now in focus after securing a major order.
With a market capitalisation of Rs. 3,07,339 cr, the shares of Bharat Electronics Ltd are currently trading at Rs. 420 per share, increasing 2% in today’s market session, making a high of Rs. 424.50, from its previous close of Rs. 415.65 per share.
About the order
Navratna defence PSU Bharat Electronics Limited (BEL) has secured additional orders worth Rs. 596 crore reinforcing its strong order inflow momentum. The fresh contracts include drone detection and jamming systems, mobile communication terminals, software solutions, along with upgrades, spares, and related services.
These orders further strengthen BEL’s position in India’s defence and electronics ecosystem, highlighting sustained demand for indigenous, technology-driven solutions across critical defence and strategic segments. The development underscores BEL’s robust pipeline and continued traction in high-value, mission-critical projects.
As per the latest transcript, the order book stood at Rs. 74,453 crore as of October 1, 2025 and has since increased to over Rs. 75,600 crore. Similarly, orders secured in FY26 rose from Rs. 12,539 crore as of October 1 to Rs. 14,750 crore, indicating steady order inflow momentum.
About the company
Bharat Electronics Limited (BEL) is a Navratna public sector undertaking under the Ministry of Defence, Government of India, and a leading player in defence electronics. The company designs, develops, and manufactures advanced electronic systems and solutions for the armed forces, including radars, communication systems, electronic warfare, and missile systems, while also expanding into non-defence segments such as homeland security, smart cities, and space electronics.
The company demonstrates strong profitability and capital efficiency, with an impressive ROCE of 38.9% and ROE of 29.2%. It has delivered robust profit growth at a CAGR of 23.8% over the last five years and maintained a healthy 3-year average ROE of 26.4%. Being almost debt-free further strengthens its balance sheet and financial stability.
Valuation-wise, the stock trades at a P/E of 54.1 compared to the industry average of 61.2, indicating a relatively reasonable valuation within its sector. Additionally, the company rewards shareholders consistently, maintaining a healthy dividend payout ratio of 39.1%, reflecting confidence in its cash flows and long-term prospects.
Sales of the company increased from Rs. 4,440 cr in Q1FY26 to Rs. 5,792 in Q2FY26. Operating profit significantly rose to Rs. 1,702 cr from Rs. 1,238 cr. Profit before tax jumped to Rs. 1,728 cr from Rs. 1,279 cr. Net profit increased from Rs. 969 cr to Rs. 1,287 cr over the same period.
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