1:10 Split, 51 Dividends: Accumulate Zero-Debt Defence PSU Under Rs 300 After Rs 500 Cr Order?

Bharat Electronics Ltd shares today soared over 4% to settle at Rs 280.20 per share. The navratna defence PSU, Bharat Electronics Limited (BEL), won additional orders of over Rs. 500 crore since its last disclosure on 11th September, 2024. Bharat Electronics has a market capitalisation of Rs 2,04,820.00 crore. Bharat Electronics shares slipped nearly 16% in last 3-months and gained over 101% in last 1-year.

Bharat Electronics Stock Performance & Return: The 52-week high price of Bharat Electronics Ltd shares on BSE is Rs 340.35 apiece (10/07/2024) and 52-week low price is Rs 127.00 apiece (as on 26/10/2023), respectively. BEL shares jumped 163% in last 2-years and rose 320% in last 3-years.

BEL Dividend History: Bharat Electronics announced 51 dividends since August 27, 2001. In last 1-year, BEL recommended an equity dividend amounting to Rs 2.20 per share. At the current share price of Rs 280.20, Bharat Electronics offers a dividend yield of 0.79%.

BEL Stock Split History: BEL split face value of its share once since March 16, 2017. BEL last split the face value of its shares from Rs 10 to Re 1 in 2017. The share quoted ex-split as on March 16, 2017.

BEL To Consider Financial Results: As per the exchange filing of BEL dated October 7, 2024, "we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 25th October, 2024 to consider and approve, inter alia, Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended 30th September, 2024.

Should You Accumulate BEL? Leading brokerage firm Prabhudas Lilladher has issued accumulate call with target price of Rs 341. The analyst anticipates BEL's long-term prospects will continue to remain strong driven by robust order backlog and pipeline, aided by the government's push on defence indigenization, its diversification into non-defense verticals and improving margin profile.

Bharat Electronics Financials: The zero-debt burden company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 3673.17 crore, down 43.88% as against its last quarter total income of Rs 6545.28 crore. The PSU company in its recent quarter announced its net profit after tax at Rs 528.60 crore.

About: Established in 1954, BEL engages in manufacturing of specialised electronic equipment requirements of the Indian Defence Services. BEL produces a wide range of equipment for areas 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, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.