Synopsis:- Shares of a leading defence Navratna PSU rose 2% after securing ₹733 crore in fresh orders, taking the order book beyond ₹73,450 crore. With FY26 inflow guidance above ₹27,000 crore and strong margin outlook above 27%, execution visibility remains robust.
The shares of the prominent aerospace and defence electronics manufacturer gained up to 2 percent from intra day low after the company bagged a significant work order worth Rs 733 crore
With a market capitalisation of Rs 3,20,314.51 crore, the shares of Bharat Electronics Ltd were trading at Rs 438.20 per share, increasing around 1 percent, as compared to the previous closing price of Rs 416.35 apiece.
Significant order
The shares of Bharat Electronics Ltd have seen positive movement after securing additional orders worth Rs 733 crore. The fresh contracts span a wide range of defence and electronics products, including TR modules, communication equipment, encryptors, radars, jammers, software solutions, test equipment, upgrades, spares, and related services, strengthening its order pipeline and revenue visibility.
Order Book
Bharat Electronics Ltd maintains a strong order position, with its order book standing at Rs 73,015 crore as of 1 January 2026 and rising to Rs 73,450 crore by 28 January 2026. Order inflows reached Rs 19,300 crore during the same period. Management remains confident of achieving or exceeding FY26 guidance without formally revising targets upward.
For FY26, the company has reiterated its guardrails, projecting revenue growth above 15% and EBITDA margins exceeding 27%, alongside order inflows of Rs 27,000 crore plus. R&D investment is expected to surpass Rs 1,700 crore, while CAPEX is pegged at Rs 1,000 crore, with a defence-to-non-defence mix of roughly 90:10.
Looking ahead, significant inflow support is expected from the LCA order, partial NGC placement, Shatrughat EW, and a few additional Rs 1,000+ crore contracts. However, NGC execution will partly spill into FY27 H1, with Rs 3,000–5,000 crore likely in FY26 and the remaining Rs 10,000–12,000 crore expected by Q2 FY27, ensuring sustained backlog visibility.
Q3FY26 Highlights
Recently, the company announced its financial performance in Q3FY26, in which revenue increased by 24 percent on a year-on-year basis from Rs 5,770 crore in Q3FY25 to Rs 7,153.85 crore in Q3FY26. However, on a Quarter-on-Quarter basis, revenue increased by 24 percent from Rs 5,792 crore in Q2FY26 to Rs 7,153.85 crore in Q3FY26.
Moreover, the company delivered strong profit growth in Q3FY26, with net profit rising 21% year-on-year to Rs 1,579 crore, reflecting improved operational performance. On a sequential basis, profit increased 23% quarter-on-quarter, supported by higher execution, better cost control, and sustained margin strength during the quarter.
BEL reported a 27.3% year-on-year rise in EBITDA to Rs 2,127 crore from Rs 1,670 crore. Better cost control and operating leverage led to margin improvement, with operating profit margin expanding to 30% from 29% a year ago, underscoring sustained profitability momentum.
Bharat Electronics Limited (BEL) is a leading Indian defence electronics company and a Navratna PSU. It designs and manufactures advanced electronic systems for defence and aerospace applications, with a growing presence in non-defence segments such as homeland security, smart cities, and space electronics, supporting India’s self-reliance and technological advancement.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Defence stock receives orders worth ₹733 Cr for defence and electronics products appeared first on Trade Brains.