'Buy' Bharat Electronics Shares For An Upside Of 20% Says Geojit On Multi Year Growth Visibility

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Geojit Report

Bharat Electronics Ltd. continues to deliver above expectations on revenue, margins, and execution front, reinforcing our positive view.

A robust order backlog, strong inflow momentum (Rs 12,539 crore till Oct), and visibility on large programs (Quick Reaction Surface To Air Missile, Next-Generation Corvette, Light Combat Aircraft avionics, Ground Based Mobile Electronics Intelligence System underpin multi-year growth.

Upcoming opportunities in Advanced Medium Combat Aircraft and Unmanned Aerial Vehicle platforms, along with export expansion (target 10% of turnover in three years), strengthen long-term prospects.

We value BEL at 48x FY27E earnings per share and maintain a Buy rating with a target price of Rs 504.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.