- 07 Mar 2025
- ICICIdirect Research
BHARAT ELECTRONICS LIMITED, HAS SECURED ADDITIONAL ORDERS WORTH RS.577 CRORE
BEL - 279 Change: -1.57 (-0.56 %)News: Bharat Electronics Limited (BEL), has secured additional orders worth Rs.577 Crore, out of which major orders include airborne electronic warfare products, advanced composite communication system for submarine, doppler weather radar, train communication system, radar upgradation, spares, services etc.
View: With these orders, BEL has now accumulated orders totalling Rs. 13724 crores in YTDFY25. Order backlog is estimated at ~Rs.75000 crore (3.23x TTM revenue) which gives a healthy revenue growth visibility. Management guided ~Rs. 25000 crore worth of order inflows for FY25E, which implies strong order inflows in thecurrent month. Longer term order pipeline remains robust for electronic systems/sub-systems (including maintenance) across defence and non-defence segments.
Impact: Positive