Bharat Electronics Limited is an Indian most popular state-owned aerospace and defense company which have about nine factories, and several regional offices in India. This company is owned by the Indian Government and primarily manufactures advanced electronic products for the Indian Armed Forces. BEL is one of the companies which nine PSUs under the Ministry of Defence of India. This company has been granted Navratna status by the Government of India. The content will cover Bharat Electronics Share Price along with graph and news. Let’s start with the company summary then we will move to Bharat Electronics Share Price.
About the company
Bharat Electronics Limited has the dedication and hard work of its employees, support and faith of its customers and the Government of India. This company has been successfully doing for over 6 decades. BEL provides a wide range of state of the art equipment in fields likes Defense Communication, Radars, Naval Systems, C4I Systems, Weapon Systems, Homeland Security, Telecom and Broadcast Systems, Electro-Optics, Electronic Warfare, Tank Electronics, Professional Electronic Components, and Solar Photovoltaic Systems. This company also provides turnkey system solutions. Bharat Electronics Limited include Electronic Voting Machines, Tablet PC, solar-powered traffic signal systems and Access Control Systems which is base on Civilian products. This company starting with a single Unit in Jalahalli, Bangalore. BEL has established its presence across the country by setting up eight other Units includes in Ghaziabad, Pune, Machilipatnam, Panchkula, Kotdwara, Navi Mumbai, Chennai, and Hyderabad. Every Unit of this company has a specific product mix and customer focus. Bharat Electronics Limited has also set up a wide network of offices and service centers countrywide as well as two overseas offices – at New York and Singapore.
Company summary –
Bharat Electronics Limited has established basically the specialized electronic equipment requirements of the Indian Defence Services. This Company also has a significant presence in the civilian market. Bharat Electronics Limited exports some of its products and services to a number of countries as well. This company is not only a successful business story but also an organization which cares for people and society. Even before the term ‘Corporate Social Responsibility’ gained currency, Bharat Electronics Limited has undertaken innumerable CSR activities and continues to do them with a lot of passion and commitment. This company has set up educational institutions, which is including a special school for the mentally challenged. Bharat Electronics Limited has also set up hospitals, fine arts clubs, and sports facilities. These and other welfare initiatives of this company is ensured a good quality of life for employees and their dependents. Some of these facilities of Bharat Electronics Limited also serve the local community. This company is currently concentrating on promoting education, sanitation, health care, rural development, employment and enhancing vocational skills while ensuring environmental sustainability.
Bharat Electronics Limited (BEL)’s Registered office is at Outer Ring Road, Nagavara, , Bengaluru, Karnataka – 560045.
The Registrars of this company are Integrated Registry Management Services Pvt. Ltd. Alpha Systems (P) Ltd. 30, Ground Floor,
4th Cross, Sampige Road, Bengaluru – 560003
Now, let’s focus on the Bharat Electronics Share Price.
Bharat Electronics Share Price Graph
Company financials :
In order to describe Bharat Electronics Share Price, company financials are necessary. Bharat Electronics Limited achieved a Net Turnover of Rs.10,006.56 crore for the year ended F.Y. 2017-18 registering a growth of 20.62 % over the net Turnover of Rs.8,296.14 crore achieved last year. This company’s operating profit increased from Rs.1,570.19 crore for the year ended 2016-17 to Rs.1,748.73 crore for the year ended 2017-18, an increase of Rs.178.54 crore (11.37 %). This increase of Bharat Electronics Limited in operating profit was possible mainly on account of higher turnover and lower material consumption that enabled absorption of additional impact of pay revision and gratuity ceiling enhancement. However, the Profit Before Tax (PBT) of this company for the year ended F.Y. 2017-18 stood at Rs.1,947.84 crore as against Rs.2,029.42 crore last year, registering a dip of 4.02 %. This is mainly due to a reduction in other income (interest/dividend income).
Profit and Loss account of Bharat Electronics based on Standalone –
The Profit after tax (PAT) for the year ended F.Y. 2017-18 stood at Rs.1,399.29 crore as against Rs.1,547.62 crore last year, registering a dip of Rs.148.33 crore. The effective Tax rate for 2017-18 worked out to 28.16 % as against 23.74 % for 2016-17. The increase in effective tax rate is consequent to partial withdrawal of weighted deduction in respect of R u0026amp; D spend and withdrawal of investment allowance on capital expenditure. The Company achieved a net Turnover of Rs.3,427.97 crore for the 4th Quarter of F.Y. 2017-18 as against a net Turnover of Rs.3,835.20 crore for the corresponding period of the previous year. The profit before tax of Rs.746.54 crore for the Quarter was commensurate with the Turnover achieved during the quarter.
Profit and Loss account of Bharat Electronics based on Consolidated –
During the F.Y. 2017-18, the company has added to the shareholder’s wealth through the issue of Bonus shares, Buyback of shares and higher dividend payout. The company has paid an interim dividend of Rs.1.60 per share and proposing to pay another Rs.0.40 per share as final dividend for 2017-18. This works out to 35.06 % on PAT as against 32.47 % on PAT for the previous year.
The Board of Directors of the company :
- MV Gowtama is the Chairman and Managing Director of this company.
- Nataraj Krishnappa is a Director of this company.
- Anandi Ramalingam is the Marketing Director of this company.
- R N Bagdalkar is the Human Resources Director of this company.
- Koshy Alexander is the Finance Director of this company.
- V Mahesh is the Director and R u0026amp; D of the company.
- Vinay Kumar Katyal is one of the Director of this company.
- Bhaskar Ramamurthi is an Independent Director of this company.
- R K Shevgaonkar is another Independent Director of the company.
- Usha Mathur is one of the Independent Director of this company.
- Sharad Sanghi is an Independent Director of the company.
- Mukka Harish Babu is the Independent Director of this company.
- Surendra Singh Sirohi is an Independent Director of the company.
- Vijay Shankar Madan is another Independent Director of this company.
- J Manjula is the Part Time Official Director of this company.
News of the company :
After Bharat Electronics Share Price, let’s focus on the latest news of the company. In the dated 19th November 2018, the issue will open early next week and investors would get 3.5-4 percent discount over the issue price, the sources said. The latest news of this company, ICICI Direct is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 105 in its research report dated October 29, 2018. In the dated 12th October 2018, its peak, the company had traded at 25-32 times its forward earnings as against the current valuation of 11 times. Bharat Electronics Limited’s breaking news, Kotak Securities is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 96 in its research report dated October 08, 2018.
Besides the Bharat Electronics Share Price, to get more information on other companies, visit our Stock Technical page.