Try GOLD - Free
Bharat Electronics: Deal boosts outlook
Financial Express Chandigarh
|September 30, 2025
COMPANY IS POISED TO GET NEXT-GEN WARFARE ORDERS
-
BHARAT ELECTRONICS LTD (BEL) has secured a landmark order worth ₹30,000 crore from the Indian Army for the quick reaction surface-to-air missile (QRSAM) system, now officially named 'Anant Shastra.' The brokerage firm tracking the stock maintains a “Buy” rating, with a 12-24 month target price of ₹490 apiece, based on 45 times estimated earnings for September 2027.
We project Bharat Electronics to achieve a CAGR of 18% in sales and 17% in Ebitda and net profit over fiscal years 2025 to 2028. The company's free cash flows are forecast to remain robust, supported by tight working capital management. As of fiscal 2025, the company reported a cash surplus of ₹9,400 crore, which could be deployed toward capacity expansion and new development programmes.
The potential risks to the outlook include slower-than-expected order inflows, execution delays, intensifying competition from private-sector defence firms, input cost inflation, and delayed payments from them-Ministry of Defence.
This story is from the September 30, 2025 edition of Financial Express Chandigarh.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Chandigarh
Financial Express Chandigarh
NCLT clears Flipkart's shift from Singapore to India
THE NATIONAL COMPANY Law Tribunal (NCLT) has approved Flipkart's longpending proposal to shift its domicile from Singapore to India, clearing a critical regulatory hurdle as the Walmart-owned e-commerce major readies itself for a domestic public listing.
1 mins
December 16, 2025
Financial Express Chandigarh
Growth over last decade has been broad-based: FM
ACTUAL HOUSEHOLD CONSUMPTION data point to a decisive shift in India's growth trajectory, with the bottom 40% (B40) of the population accumulating wealth and assets far faster than the top 20% (T20), driving a sharp compression in inequality, Finance Minister Nirmala Sitharaman said on Monday.
1 min
December 16, 2025
Financial Express Chandigarh
Govt holds road shows for share sale in GIC
THE GOVERNMENT HELD road shows in London to assess investor interest for a minority stake sale in General Insurance Corp (GIC), two government sources familiar with the matter told Reuters.
1 min
December 16, 2025
Financial Express Chandigarh
Navi Mumbai airport may add 3rd runway
Feasibility study launched by CIDCO to assess rising air traffic in MMR
1 min
December 16, 2025
Financial Express Chandigarh
ICICI Pru AMC IPO fully booked on Day 2
THE INITIAL PUBLIC offering of ICICI Prudential Asset Management Company, an arm of the ICICI Bank, was fully subscribed on the second day of share sale on Monday, led by institutional investors.
1 min
December 16, 2025
Financial Express Chandigarh
Rupee slides to another record low
THE RUPEE'S DOWNWARD slide continued on Monday, ending at a new low of 90.73 against the dollar—down 31 paise—on weak market sentiment.
1 min
December 16, 2025
Financial Express Chandigarh
Nov wholesale inflation stays in negative zone
WHOLESALE PRICE INFLATION remained in negative territory for the second consecutive month in November, primarily due to a decrease in the prices of food articles, mineral oils, crude petroleum & natural gas, basic metals and electricity, the government data released on Monday showed.
1 mins
December 16, 2025
Financial Express Chandigarh
Create more space to let solar power flow
Solar power is auctioned almost every fortnight and developers are actively securing capacity, so boosting transmission network is crucial to reap benefits
3 mins
December 16, 2025
Financial Express Chandigarh
AIRBEA CALLS FOR ADEQUATE SUPPLY RBI union flags small value notes crunch
HIGHLIGHTING CONCERNS OVER an acute shortage of small denomination currency notes in the country, the All India Reserve Bank Employees Association (AIRBEA) has urged the Reserve Bank of India (RBI) to ensure adequate supply of these notes.
1 mins
December 16, 2025
Financial Express Chandigarh
Rural jobs scheme reloaded
THE RENAMED AND updated MGNREGA seeks a complete overhaul of the 2-decade-old programme to curb rampant leakages. A look at the key changes
1 min
December 16, 2025
Listen
Translate
Change font size