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Bharat Electronics Limited (BEL) Overview

Bharat Electronics Limited (BEL) is a Navratna PSU ( Public Sector Undertaking) under the Ministry of Defence, Government of India. It manufactures state-of-the-art electronic products and equipment for the Army, Navy, and Air Force. Homeland security, smart cities, e-governance, space electronics, satellite integration, energy storage products, such as recharging stations for electric vehicles, solar, airport solutions, electronic voting machines, telecom products,  composites, and software solutions are just a few of the new areas that BEL has entered. 

In a newly independent India in 1954, developing indigenous industries was critical. Bharat Electronics Limited (BEL) was one such idea, and it has gone a long way since then thanks to the foresight of its founders, the commitment and hard work of its staff, the support and trust of its customers, and the support and faith of the government of India. The government’s slogan of “Make in India” is in line with what BEL has been doing successfully for more than 60 years.

History

Since its humble origins in 1954, when BEL was founded in partnership with CSF, France (now Thales), to make essential communication equipment, BEL has grown to offer a wide variety of cutting-edge technology in industries such as defence communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components, and solar photovoltaic systems. BEL offers electronic voting machines, tablet computers, solar-powered traffic signal systems, and access control systems for the general public.

BEL began with a single unit in Jalahalli, Bangalore, and expanded by opening eight other units in Ghaziabad, Pune, Machilipatnam, Panchkula, Kotdwara, Navi Mumbai, Chennai, and Hyderabad. Each unit focuses on a specific consumer base and product mix. BEL has also established two foreign offices—in Singapore and New York, as well as a vast network of offices and service centres across the nation. BEL also exports some of its goods and services to various countries. 

From the beginning, BEL has placed a strong emphasis on research and development. Additionally, it has been effective in working as a production agency with numerous DRDO labs. BEL has expanded significantly from 1956–1957 when it had a meagre revenue of just Rs. 2 lakhs, to reach a revenue of Rs. 7,510 crores (provisional) in 2015–16.

BEL is a company that cares about people and society in addition to being a successful business. BEL has engaged in countless CSR activities and continues to do so with a great deal of enthusiasm and commitment, BEL has established educational facilities, including a special school for people with mental disabilities. Additionally, it has built sports venues, fine arts clubs, and hospitals. BEL is currently focusing on fostering rural development, employment, education, sanitation, healthcare, and the development of vocational skills while guaranteeing environmental sustainability.

Bharat Electronics Limited (BEL) – 2022-23 Q1 Financial Results

• BEL’s Q1 results show a 96% increase in turnover (YOY)
• Bharat Electronics Limited (BEL), a Navratna Defense PSU, generated a Turnover of Rs. 3063.58 Cr. during the first quarter of FY 2022–23 as compared to the Rs. 1564.34 Cr. Turnover registered in a similar period to the previous year.
• Profit Before Tax (PBT) during the 1st quarter of FY 2022-23 stood at Rs. 578.10 Cr against the Profit Before Tax (PBT) of Rs. 15.17 Cr recorded in the corresponding period of the previous year.
• Compared to the Profit After Tax (PAT) of Rs. 11.15 Cr. reported in the similar period of the prior year, the first quarter of FY 2022–23 saw a profit of Rs. 431.49 Cr.
• The order book position of the company as of 1st July 2022 stood at Rs. 55333 Cr

Frequently Asked Questions (FAQs)

1.What is Bharat Electronics Limited’s (BEL) share price?

Bharat Electronics Limited’s (BEL) share price is INR 103.05  as of October 06, 2022. 

2.What are the 52-week highs and lows of Bharat Electronics Limited (BEL)? 

As of October 6th, 2022: 

52-wk high Rs 114.65

52-wk low Rs 61.15

3.What are the key metrics to analyze Bharat Electronics Limited’s (BEL) Share Price?

Key metrics to analyze any share price are a 52-week high, a 52-week low, a 1-year return, a 5-year return, etc. 

4.What is the market cap of Bharat Electronics Limited (BEL)? 

The market cap of Bharat Electronics Limited (BEL) is INR 75.40TCr as of October 06, 2022.