Bharat Electronics - Order Inflow Likely To Be Nearly Rs 300 Billion: ICICI Securities

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..ICICI Securities Report.In line with our expectations, Bharat Electronics Ltd. has bagged an order worth Rs 26.7 billion for sensors for Nex-Gen offshore patrol vessels from Goa Shipyard Ltd. and Garden Reach Shipbuilders and Engineers Ltd. Its year to date FY24 order inflow stands at Rs 259.3 billion, significantly higher than the management’s guidance of Rs 200 billion for FY24..In our view, Bharat Electronics might receive further orders pertaining to the supply of miscellaneous equipment, spares and accessories before March ’24, taking the order inflow to nearly Rs 300 billion for FY24. We believe Bharat Electronics may continue receiving orders from various platforms across services. Coupled with robust execution, we believe the company is likely to achieve our higher-than-consensus earning per share of Rs 5.8/Rs 6.8 for FY25/26E, respectively..We maintain 'Buy' on Bharat Electronics Ltd. with an unchanged target price of Rs 203 based on 30 times FY26E EPS..Click on the attachment to read the full report:.Aditya Birla Capital Invests Rs 850 Crore In NBFC Arm.DISCLAIMERThis 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.

Bharat Electronics - Order Inflow Likely To Be Nearly Rs 300 Billion: ICICI Securities

Bharat Electronics Ltd. has received orders worth Rs 26.7 billion from Goa Shipyard (Rs 17.0 billion).

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