This article is going to mainly focus on BEL Share Price Target 2025, 2026, 2028, 2030, 2040 and 2050. Along with this, we will also discuss the company’s Fundamental, sentiment, Income Report, Share Price history, and Quarterly Report. Our analysis will help investors in taking the right decision.
About BEL
Bharat Electronics Limited (BEL) is a government-owned Navaratna company. It operates in the Aviation and Defense sector under the Ministry of Defense of India. BEL was founded in 1954. It is headquartered in Bengaluru. The company mainly manufactures electronic products for the Indian Armed Forces.
BEL provides radars, communication systems and electronic warfare equipment. It also manufactures products such as solar power systems and medical equipment for civilian use.
The company plays an important role in India’s defense sector. It ensures that the Indian Army gets modern technology. BEL exports its products to many countries.
BEL focuses on innovation and research. It helps India reduce its dependence on foreign defense equipment. The company is growing steadily and has become a reliable partner in defense production.
BEL Fundamental
Bharat Electronics Ltd. (BEL) is a public sector company under the Ministry of Defence, India. It operates in the Aviation and Defence sectoThe company’s market capitalization is ₹189,725 Cr, making it a large-cap stock. BEL has strong financial reserves of ₹15,351.41 Cr, showing stability and the ability to handle future projects or challenges. The company is listed on both NSE and BSE with the code BEL and 500049 respectively.
Total revenue stood at ₹20938 Crore in FY24, showing a jump of 16.22% over ₹18015 Crore in FY23. Net profit accelerated to ₹3943 Crore in FY24, showing a jump of 34.11% over FY23. The company has remained consistently profitable for the last several years and its profit margin is also very high.
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Its return on equity (ROE) of 25.71% and return on capital employed (ROCE) of 34.6% indicate excellent profitability. The company’s P/E ratio (41.80) is slightly above the industry P/E (40.98), meaning it is priced higher than its peers.
The P/B ratio of 10.74 indicates that the stock is trading at a significant premium to its book value. The company’s dividend yield is 0.85%, which indicates less dividend payout to investors. The company’s EPS (₹6.21) shows high and continues profitability.
Description | Value |
---|---|
Company Name | Bharat Electronics Ltd. |
Sector | Aviation and Defence |
Established | 1954 |
Website | bel-india.in |
Listing At | BSE, NSE |
BSE Code | 500049 |
NSE Code | BEL |
Mkt Cap | ₹189725Cr |
Reserves and Surplus | ₹15351.41Cr |
ROE | 25.71% |
ROCE | 34.6% |
52 Week High | ₹340.50 |
52 Week Low | ₹171.75 |
P/E Ratio (TTM) | 41.80 |
Industry P/E | 40.98 |
P/B Ratio | 10.74 |
Face Value | 1 |
Book Value Per Share | ₹24.16 |
EPS (TTM) | ₹6.21 |
Dividend Yield | 0.85% |
Debt to Equity | 0.00 |
Total Revenue | ₹20938Cr |
Revenue Growth | 16.22% |
Net Profit (Anual) | ₹3943Cr |
Profit Growth | 34.11% |
Returns in Past Year
Year | Returns (%) |
---|---|
2024 | 59.15% |
2023 | 84.38% |
2022 | 42.76% |
2021 | 75.04% |
2020 | 19.88% |
2019 | 13.74% |
2018 | -51.71% |
2017 | 45.72% |
2016 | 0.29% |
2015 | 40.94% |
2014 | 186.49% |
2013 | -21.33 |
2012 | -3.11% |
2011 | -23.77% |
2010 | -8.76% |
2009 | 159.15% |
2008 | -64.50% |
2007 | 56.76% |
2006 | 35.55% |
2005 | 51.14% |
2004 | 7.88% |
2003 | 252.02% |
2002 | 108.43% |
2001 | 12.16% |
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BEL Share Price Target 2025
The current sentiment of BEL is showing strong bullish. the BEL share price target 2025 is going to be between Rs 225 to Rs 325.
Year | Price Target (Min) | Price Target (Max) |
---|---|---|
2025 | ₹225 | ₹325 |
BEL Share Price Target 2026
According to market experts, the price target of BEL for 2026 is going to be between Rs286 to Rs 400.
Year | Price Target (Min) | Price Target (Max) |
---|---|---|
2026 | ₹286 | ₹400 |
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BEL Share Price Target 2028
According to market experts, the price target of BEL for 2028 is going to be between Rs 470 to Rs 570.
Year | Price Target (Min) | Price Target (Max) |
---|---|---|
2028 | ₹470 | ₹570 |
BEL Share Price Target 2030
According to market experts, BEL Share Price Target 2030 is going to be between Rs680 to Rs 840.
Year | Price Target (Min) | Price Target (Max) |
---|---|---|
2030 | ₹680 | ₹840 |
BEL Share Price Target 2040
According to the past trend of the company, BEL Share Price Target 2040 is going to be between Rs 1350 to Rs 1800.
Year | Price Target (Min) | Price Target (Max) |
---|---|---|
2040 | ₹1350 | ₹1800 |
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BEL Share Price Target 2050
According to the past trend of the company, BEL Share Price Target 2050 is going to be between Rs 2600 to Rs 2970.
Year | Price Target (Min) | Price Target (Max) |
---|---|---|
2050 | ₹2600 | ₹2970 |
Latest News
Bharat Electronics Limited (BEL) on Tuesday, January 14, announced that it has secured additional orders worth Rs 561 crore since its last disclosure on December 23, 2024.
Strengths
- BEL has a debt-to-equity ratio of zero, which means the company is debt-free.
- The company’s net profit has grown by 34.11% and revenue by 16.22% in the last one year.
- The company’s TTM EPS growth is quite high.
- It is using its capital effectively in generating profit, which has improved ROCE.
- Its operating profit margin and net profit margin have been increasing steadily over time. Which reflects the efficient management of expenses by the company.
- As a defense PSU, BEL benefits from government projects and contracts.
- The Indian defense budget keeps growing, providing more opportunities for BEL.
- BEL has a 51.14% promoter holding, which is mainly held by the government. Additionally, mutual funds hold 15.81% and foreign institutions hold 17.27%, reflecting the confidence of large investors.
Risks
- BEL has a debt-to-equity ratio of zero, which means the company is debt-free.
- The company’s net profit has grown by 34.11% and revenue by 16.22% in the last one year.
- The company’s TTM EPS growth is quite high.
- It is using its capital effectively in generating profit, which has improved ROCE.
- Its operating profit margin and net profit margin have been increasing steadily over time. Which reflects the efficient management of expenses by the company.
- As a defense PSU, BEL benefits from government projects and contracts.
- The Indian defense budget keeps growing, providing more opportunities for BEL.
- BEL has a 51.14% promoter holding, which is mainly held by the government. Additionally, mutual funds hold 15.81% and foreign institutions hold 17.27%, reflecting the confidence of large investors.
BEL Share Price History Chart

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BEL Quarterly Income Report
In the September 2024 quarter, BEL reported a revenue of ₹4,750 crore and a net profit of ₹1,091 crore, showing strong growth. An operating profit margin of 33.93% is a positive sign.
Description | Sep 24 | Jun 24 | Mar 24 | Dec23 |
Revenue + | ₹4750Cr. | ₹4400Cr. | ₹8749Cr. | ₹4360Cr. |
Expenses + | ₹3299Cr | ₹3363Cr. | ₹6363Cr. | ₹3188Cr. |
EBITDA | ₹1555Cr | ₹1138Cr. | ₹2500Cr. | ₹1237Cr. |
EBIT | ₹1452Cr | ₹1039Cr. | ₹2390Cr. | ₹1173Cr. |
Net Profit | ₹1091Cr | ₹776.14Cr. | ₹1784Cr. | ₹893.30Cr. |
Operating Profit Margin | 33.93% | 27.11% | 29.32% | 30.76% |
Net Profit Margin | 23.81% | 18.48% | 20.91% | 21.59% |
Earning Per Share | ₹1.49 | ₹1.06 | ₹2.44 | ₹1.22 |
Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.70 |
BEL Annual Income Report
Looking at the annual report, BEL’s revenue has grown from ₹14,234 crores in 2021 to ₹20,938 crores in 2024, while the profit has grown from ₹2,069 crores to ₹3,943 crores in the same period. This consistent growth reflects the strong performance of the company.
Description | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
---|---|---|---|---|
Total Revenue | ₹20938Cr | ₹18015Cr | ₹15600Cr | ₹14234Cr |
Total Expenses | ₹15672Cr | ₹14092Cr | ₹12433Cr | ₹11292Cr |
Profit/Loss | ₹3943Cr | ₹2940Cr | ₹2354Cr | ₹2069Cr |
Net Profit Margin | 19.45% | 16.58% | 15.32% | 14.67% |
Earning Per Share | ₹5.45 | ₹4.09 | ₹3.28 | ₹8.61 |
EBITDA | ₹5717 | ₹4367 | ₹3572 | ₹3335 |
EBIT | ₹5273 | ₹3938 | ₹3171 | ₹2948 |
Operating Profit Margin | 28.23% | 24.64% | 23.27% | 23.66% |
Dividends Per share | 2.20 | 1.80 | 4.50 | 4.00 |
BEL Cash Flow
Particulars | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|
Opening Cash Balance | ₹1301Cr. | ₹3043Cr. | ₹1621Cr. | ₹759.70Cr. |
Cash Flow From Operating Activities | ₹1267Cr | ₹4207Cr. | ₹5093Cr. | ₹2570Cr. |
Cash Flow From Investing Activities | ₹2691Cr | ₹-4872Cr. | ₹-2595Cr. | ₹-648.96Cr. |
Cash Flow From Financing Activities | ₹-1313Cr | ₹-1078Cr. | ₹-1076Cr. | ₹-1061Cr. |
Closing Cash Balance | ₹3946Cr | ₹1301Cr. | ₹3043Cr. | ₹1621Cr. |
Net Change In Cash | ₹2645 | ₹-1742 | ₹1422 | ₹860.93 |
BEL Share Price Target 2025, 2026, 2028, 2030, 2040 to 2050
Year | Price Target (Min) | Price Target (Max) |
---|---|---|
2025 | ₹225 | ₹325 |
2026 | ₹286 | ₹400 |
2028 | ₹470 | ₹570 |
2030 | ₹680 | ₹840 |
2040 | ₹1350 | ₹1800 |
2050 | ₹2600 | ₹2970 |
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BEL Shareholding Pattern
Shareholder | Share % |
---|---|
Promoter | 51.14% |
Other Domestic Institutions | 4.40% |
Retail and Others | 11.38% |
Foreign Institutions | 17.27% |
Mutual Funds | 15.81% |
Total | 100.00% |
How to Buy BEL Shares?
Buying and selling of BEL can be done by a stock broker registered with SEBI. Here are the names of some popular brokers.
- groww
- Zerodha
- Angel One
- upstox
BEL Similar Stocks
Company Name | Mkt Cap | Profit (1Year) | 52W L | 52W H |
---|---|---|---|---|
Kaynes Technology India | ₹39.80KCr. | 124.99% | ₹2424 | ₹7822 |
Hindustan Aeronautics | ₹2.56LCr. | 22.77% | ₹2820 | ₹5674.75 |
Boeing Co | ₹12.70 KCr. | 15.74% | ₹137.03 | ₹217.59 |
Airbus SE | ₹12.38KCr | 6.05% | ₹124.72 | ₹172.78 |
Bharat Dynamics | ₹42.29 KCr | 31% | ₹776.05 | ₹1794.70 |
Apollo Micro Systems | ₹3.94 KCr. | 4.75% | ₹87.99 | ₹147.55 |
Bharat Electronics | ₹1.97 KCr | 43.07% | ₹171.70 | ₹340.35 |
BEL Share Price Target: Export Opinion
Profitable Stocks
Stocks | Mkt cap | Profit (1Year) | 52W L | 52W H |
---|---|---|---|---|
Adani ports | ₹3.11 LCr | 94.78% | ₹703.00 | ₹1,457.05 |
Adani Enterprises | ₹3.89 LCr | 40.35% | ₹2142.00 | ₹3457.85 |
Suzlon Energy | ₹90.75 KCr | 85.69% | ₹33.90 | ₹86.04 |
Tata Power Company | ₹1.44 LCr | 101.76% | ₹215.70 | ₹464.20 |
Adani Power | ₹2.92 LCr | 192.93% | ₹231.00 | ₹797.00 |
Havells India | ₹1.20 LCr | 41.69% | ₹1232.85 | ₹1950.05 |
Tata Motors | ₹3.57 LCr | 72.86% | ₹557.70 | ₹1065.60 |
Tata Power | ₹1.44 LCr | 75.52% | ₹230.80 | ₹494.85 |
Conclusion
Bharat Electronics Limited is a well-established company in the defense sector with strong financials and government backing. Its debt-free status and consistent profit growth make it an attractive investment. However, investors should be wary of high valuations and dependence on government contracts. Despite some risks, the company’s fundamentals show that it is a stable and growing organization in the strategic sector. Investors can make good returns in the long term.
Disclaimer– Please note that all the information given here is for general information purpose only and not for investment purposes. Therefore, before investing in any share, take advice from a certified market expert. If you invest, you will be responsible for your profits and losses.
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Q1. What is the BEL share price target 2025?
Ans: 2025 price target of BEL will be between Rs.225 to Rs.325.
Q2. What is the BEL share price target 2030?
Ans: BEL will trade between Rs 680 and Rs 840 in 2030.
Q4. What is the BEL share price target 2040?
Ans: 2040 price target of BEL will be between Rs.1350 to Rs.1800.
Q5. What is the BEL share price target 2050?
Ans: 2050 price target of BEL will be between Rs.2600 to Rs.2970.