Bharat Electronics Ltd (BEL) experienced a notable decline in its share price, dropping over 6% on Wednesday after the company fell short of its order inflow projections for the fiscal year 2025. The stock plummeted to ₹274.50 per share on the Bombay Stock Exchange, reflecting investor concerns over its financial performance.
Financial Performance Overview
In its latest financial report, Bharat Electronics disclosed a turnover of approximately ₹23,000 crore for the fiscal year 2024-25. This figure was below the company’s earlier forecast of ₹25,000 crore. Despite this shortfall, BEL’s performance showed a 16% increase from the previous year’s turnover of ₹19,820 crore.
- Export Sales: The company reported export sales reaching around $106 million, marking a 14% growth compared to the previous year’s $92.98 million.
Order Book and Major Contracts
BEL secured orders totaling ₹18,715 crore in FY25, which included significant contracts for various projects, such as:
- BMP II Upgrade
- Ashwini Radar
- Software Defined Radios
- Multi-Function Radars
- Anti-drone systems
As of April 1, 2025, the total order book for Bharat Electronics stands at a robust ₹71,650 crore, which includes an export order book valued at $359 million.
Commitment to Growth and Innovation
Manoj Jain, the Chairman and Managing Director of BEL, emphasized the company’s focus on achieving self-reliance through increased indigenization, expansion, and modernization efforts. He stated, “BEL is dedicated to maximizing its global outreach and establishing a strong presence in international markets, ensuring we maintain our leadership in the strategic electronics sector.”
Stock Performance Insights
While BEL shares have seen a 14% increase over the past month, they are down 5% year-to-date. In terms of annual performance, BEL’s stock has appreciated by 27%. Over a longer horizon, the shares have delivered impressive returns of 188% over two years and an astounding 1,120% over five years.
- Current Trends: Technical analysts suggest that BEL’s stock may continue to face downward pressure, with a potential target range between ₹240 and ₹229. Anshul Jain, Head of Research at Lakshmishree Investment, noted that the stock’s recent performance indicates a likelihood of ongoing selling pressure, advising traders to closely monitor the ₹270 mark for confirmation of a further downturn.
As of 11:20 AM, BEL shares were trading 4.07% lower at ₹280.25 each on the BSE, signaling caution among investors regarding the stock’s immediate outlook.
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