Synopsis: The shares of the company gained around 1 percent after receiving a fresh order worth Rs 569 crore for defence-related equipment.
The shares of the company that develops advanced electronic equipment, systems, and services for the Indian defence sector, including Radar and Fire Control Systems, Weapon Systems, Communication network, etc. in focus after an additional order of Rs 569 crore.
With the market capitalization of Rs 2,85,300, Bharat Electronics Ltd’s share on Tuesday made a day high of Rs 396.90 per share, up by 0.88 percent from its previous day’s close price of Rs 393.40 per share. The company has given a return of 827 percent in the last 5 years.
Fresh Order details
Navratna defence PSU Bharat Electronics Limited (BEL) has secured fresh orders worth Rs 569 crore since its last order it received in mid-December. The contracts span radars, tank overhauls, communication and fire-control systems, simulators, security software, upgrades, spares, and support services, strengthening its defence order pipeline.
This will add to the firm’s strong order book of Rs 74,543 crore as of October 1, 2025, which includes major contracts such as LRSAM worth about Rs 5,000 crore, electronic fuses at Rs 4,500 crore, the BMP-2 upgrade at Rs 3,000 crore, and the Akash Army project at Rs 2,700 crore. Together, the top seven orders account for nearly Rs 25,000 crore, out of the total order book.
The EBITDA margin stood at around 28 to 29 percent in H1 FY26. With a similar product mix expected in H2 spanning over 350 main equipment and sub-equipment line items, translating into more than 1,000 items, the portfolio remains well diversified. Management reiterated confidence in maintaining EBITDA margins above 27 percent by year-end.
Incorporated in 1954, Bharat Electronics Ltd designs and manufactures advanced electronic products and systems for the Army, Navy and Air Force. Beyond defence, it has expanded into homeland security, smart cities, e-governance, space and satellite electronics, energy storage and EV charging, etc.
Financial performance, revenue grew by 26 percent to Rs 5,792 crore in Q2 FY26, corresponding to the same quarter in the last financial year. Accompanied by 22 percent growth in EBITDA YoY to Rs 1,702 crore, and Net profit grew by 18 percent YoY to Rs 1,287 crore in Q2 FY26.
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