BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Bharat Electronics Ltd. is a classic example of an evolving diversification story, as it has significantly expanded product offerings across the non-defense segment in a well-timed manner with aim of achieving 25-30% of turnover in the medium term.
Bharat Electronics is targeting to scale services revenue share around 25% over next five years as it expects newly created strategic business unit to address the opportunities in the 'software as a service domain with potential biz of Rs 50 billion in the long term.
Management has guided FY22E sales growth at 15% with margin of ~22%.
In addition to the healthy order backlog of Rs 558 billion, management expects total inflows of Rs 150 billion plus in FY22E.
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