Professional
Added to YB: 2024-08-20
Pitch date: 2024-06-30
BEL.NS [bullish]
Bharat Electronics Limited
+26.57%
current return
Author Info
No bio for this author
Company Info
Bharat Electronics Limited designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India.
Market Cap
INR 2.2T
Pitch Price
INR 307.69
Price Target
N/A
Dividend
0.73%
EV/EBITDA
39.20
P/E
52.42
EV/Sales
10.04
Sector
Aerospace and Defense
Category
growth
Baron New Asia Fund New Position: Bharat Electronics Limited
BEL.NS: 60% India defense electronics mkt share. Govt main customer (Army, Navy, Air Force). Key beneficiary of India's defense indigenization policy. Growth drivers: rising defense budget, exports, non-defense biz. Mid-teens earnings CAGR expected over 3-5 yrs. Diverse product range: comms, radars, tank electronics, electro-optics, arms, unmanned systems.
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