Bharat Electronics Ltd. (BEL) manufactures state-of-the-art electronic products and systems for the Indian Navy, Indian Air Force, and Indian Army. It is managed by the Ministry of Defence, Government of India. The company was incorporated in 1954, with its headquarters in Bengaluru. During FY 2021-2022, the total revenue of Bharat Electronics Ltd. was Rs 15,599 crore, up 9.60% from the previous financial year, 2020-2021. On 30 August 2022, the company’s market capitalisation stood at Rs 74,681 crore.
The company is listed on the Bombay Stock Exchange with the code 500049, and on the National Stock Exchange with the code BEL.
Bharat Electronics Ltd. has diversified into various sectors like smart cities, homeland security solutions, e-governance solutions, energy storage products, including e-vehicle charging stations, space electronics including satellite integration, railways and metro solutions, telecom products, medical electronics, solar, network and cyber security solutions, and passive night vision devices, among others. It has received the Navratna status from the Government of India.
On 30 June 2022, the company’s shareholding pattern reflected a public stake of 5.11%, a domestic institutional investor stake of 27.76%, a foreign institutional investor stake of 15.99%, and a promoter stake of 51.14%. The entire promoter share belongs to the President of India. In the June 2022 quarter, mutual fund holdings increased from 21.74% to 22.42%, while FII holdings decreased from 16.77% to 15.99%. The number of mutual fund schemes increased from 153 to 192.
The company’s leadership team comprises Mrs Anandi Ramalingam, Mr Dinesh Kumar Batra, MrShivnath Yadav, Mr Bhanu Prakash Srivastava, Mr Anurag Bajpai, Dr N Santhosh Kumar, Mr M V Rajasekhar, MrMansukhbhai S Khachariya, and Mrs Shyam Singh. Guru & Jana and Suri & Co. are the auditors of the company. On 30 June 2022, the company had a total of 243.66 crore shares outstanding.
On 30 August 2022, Bharat Electronics Ltd.’s share price closed at Rs 307 on BSE and at Rs 306.50 on NSE. The 52-week high for Bharat Electronics Ltd.’s share price was Rs 311.85, and the 52-week low for the company’s share price was Rs 183.45. Its one-year return to the investors was 66.85%.
The company’s peers include Thermax Ltd., AIA Engineering Ltd., Bharat Heavy Electricals Ltd., and Praj Industries Ltd.
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