Bharat Electronics Limited: Well-Armed For Growth
Dalal Street Investment Journal|July 20, 2020
Bharat Electronics Limited: Well-Armed For Growth
Even if the ongoing virus pandemic has disrupted operations, the company’s business prospects look very encouraging at a point when the government continues to emphasize on ‘Make in India’ and indigenization of defence manufacturing
Bharat Electronics Limited (BEL) is engaged in designing, manufacturing and supplying of electronics products and systems for defence as well as nondefence markets. The company’s principal products and services include weapon systems, radar and fire control systems and communication equipment. Its defence products include defence communication; radars; naval systems; command, control, communications, computers and intelligence systems; weapon systems; telecom and broadcast systems; electronic warfare; electro-optics; and solar photovoltaic systems.

Its non-defence products include turnkey system solutions, civilian radars, e-governance systems and homeland security. Its other range of products includes electronic voting machines, communication equipment, radar warning receivers and casings. BEL offers electronic manufacturing services in areas of printed circuit board assembly and testing, precision machining and fabrication, opto-electronics components and assemblies, and offsets, among others.

Defence Sector

Revenues from the defence sector contribute most towards BEL’s revenues. Analysts say that post a strong year in 2018, the global aerospace and defence industry experienced a descent business environment in 2019. While the defence sector continued to soar, growth in the commercial aerospace sector has slowed. In 2020, the aerospace and defence industry is expected to get back to its growth trajectory with the commercial aerospace sector recovering from its decline in 2019.

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July 20, 2020