Bharat Electronics (NS:) Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures state-of-the-art electronic products and systems for the Army, Navy and Air Force. BEL has also diversified into various areas like homeland security solutions, smart cities, e-governance solutions, space electronics including satellite integration, energy storage products including e-vehicle charging stations, solar, network & cyber security, railways & metro solutions, airport solutions, Electronic Voting Machines, telecom products, passive night vision devices, medical electronics, composites and software solutions. Civil focus does not need material Capex immediately: Medical equipment manufacturing, homeland security, automatic rolling gates for railways, smart cities are focus areas for BEL.
BEL has equity of 2436.60 crore. BEL is currently available with a face value of INR 1. BEL paid a dividend of INR 4.20 to its shareholders during FY 2021-22. Yesterday’s close price of BEL was INR 219.95 per share and its TTM FY 2022 EPS is 10.50 and it is trading at a PE of 20.94. BEL 52 Week High price was INR 237.05 and 52 Week Low price was INR 120.55.
BEL’s future looks very bright and if investors remain invested for long-term about 15 years then unlimited growth, EPS, dividend and bonus benefits may be observed BEL may give a good return in the form of pension by way of dividend earning and unlimited future price may reflect because of increase in a number of shares due to bonus and split off its face value. The investor may be benefited if they invest around 4000 shares in their portfolio.