Archive · 4 Sep 2025
BEL Stock: Brokerages Bullish on Defence PSU's Prospects
Financial analysts are recommending to buy stock in Bharat Electronics Ltd (BEL), a company that makes electronics for the defense industry.
They think BEL will do well because they have a lot of orders to complete and are expected to grow their revenue.
BEL has a large order book worth nearly 75,000 crore and aims to grow revenue significantly in the coming years.
The company also expects to maintain high profit margins and is involved in major defense projects.
Some potential risks include order delays and increased competition, but the overall outlook is positive.
SBI Securities recommends a 'Buy' rating on BEL stock.
BEL has a strong order book of Rs 74,859 crore as of June 2025.
BEL expects revenue to grow at 15-17.5% CAGR over the next five years.
The company aims to maintain 27% EBITDA margins.
Emergency procurement orders worth Rs 40,000 crore are expected.
- Who
- SBI Securities and Choice Institutional Equities
- What
- Recommend 'Buy' ratings for BEL stock.
- When
- Reports and guidance for FY26 and beyond.
- Where
- India's defense sector
- Why
- Due to strong order books, revenue growth, and favorable margins.
- Brokerage Recommendations
- SBI Securities: Buy, Choice Institutional Equities: Buy
- SBI Securities Target Price
- Rs 423.2
- Choice Institutional Equities Target Price
- Rs 500
- BEL Order Book (June 2025)
- Rs 74,859 crore
- FY26 Revenue Growth Guidance
- 15.0% - 17.5% CAGR
- FY26 EBITDA Margin Guidance
- 27%
- Q1FY26 BEL EBITDA Margin
- 27.9%
- Emergency Procurement Project
- Rs 40,000 cr
