Bharat Electronics (BEL), a mega defence PSU company, is trading a little over Rs 383 levels on NSE. The stock is about RS 17 away from hitting its Rs 400 mark. Over the past month, BEL stock has corrected by 4.3%, yet it has given double-digit returns. BEL recently turned ex-dividend for 90% dividend which will be paid in less than 30 days. Despite the latest correction, BEL shares have skyrocketed by a whopping 173,855%, making investors crorepati.
Bharat Electronics (BEL) Share Price:
After market hours on August 18, BEL stock closed at Rs 382.70 apiece on NSE, with market cap of Rs 2,79,745.24 crore. On Monday, the stock was down by nearly 0.6%, extending its month-on-month fall by 4.3%.
At the current market price, BEL is away by Rs 17.3 from hitting its Rs 400 mark.
Despite this, BEL shares have zoomed by a whopping 51% in past six months. And, year-to-date, the defence major has advanced by 30.2%.
But, BEL's all-time gains is a massive 173,854.55%. Once upon a time, BEL shares were around Rs 0.22 on January 1, 1999.
Bharat Electronics (BEL) Dividend:
BEL turned ex-dividend on August 14 for a final dividend payout of Rs 0.90 (90%) per equity share of Re 1/- each fully paid.
BEL said, "The Final Dividend for the year 2024-25, if declared at the AGM, will be paid within 30 days from the date of declaration, to those Members whose names appear on the Company's Register of Members as on 14 August 2025 in respect of physical shares. However, in respect of shares held in dematerialized form, the dividend will be payable to those persons whose names appear as beneficial owners as at the closure of the business hours on 14 August 2025 as per the details furnished by the depositories."
So far, since August 2003, BEL shares have rewarded investors with at least 50 dividends, as per Trendlyne data. Apart from dividends, BEL also holds steady record of issuing bonus and carrying stock sub-divisions.
Bharat Electronics (BEL) Bonus Issue History:
BEL has rewarded investors with 3 bonuses so far. The first bonus issue was of 2:1 in September 2015, followed by a 1:10 bonus issue in September 2017. The latest bonus issue was of 2:1, and its ex-date was in September 2022.
Bharat Electronics (BEL) Stock Split History:
BEL shares have split in the ratio of 1:10 in March 2017. The face value of Rs 10 each was trimmed to Re 1 each.
Should You BUY BEL Stock?
Analysts at Choice Institutional Equities said, "In our view, BHE is not just a proxy to India's defence indigenisation story -it is the nucleus of it. With a healthy order book of INR 74,859 Cr (~3.1x FY25 revenue), scalable execution model, strategic tech investments, and margin tailwinds, BHE offers a structural growth opportunity over the next 3-5 years. The company has guided for FY26 order inflows of INR 27,000+ Cr (excluding QRSAM), which could rise to INR 30,000+ Cr if QRSAM is awarded by Q4FY26-further strengthening growth visibility."
"We forecast a 19.3% revenue CAGR over FY25-28E and margin expansion of 140bps, driven by next-gen systems like QRSAM, Akash NG, and Akash Prime. The management has guided USD 120 Mn+ exports in FY26 to Europe, the Middle East, and Africa, signalling BHE's growing relevance in global security. Investments in AI, drone warfare, and cybersecurity push BHE beyond traditional into future-tech domains," analysts added.
In Choice's view, BHE is a structural defence compounder with longevity, cash generation, and deep strategic moats -- well aligned with India's multidecade defence capex supercycle.
On the valuation, analysts added, "We maintain our positive stance on BHE, underpinned by its robust long-term growth visibility, supported by a healthy orderbook and strong order pipeline. The government's continued thrust on defence indigenisation remains a key structural tailwind. We revise our estimates based on the average FY27/28E EPS and maintain our TP at INR 500, valuing the stock at 40x forward earnings. We reiterate our 'BUY' rating, reflecting confidence in BHE's consistent execution and sustained growth potential."
About Bharat Electronics Limited:
Bharat Electronics Limited is a Navratna PSU (under the Ministry of Defence, Government of India) established in the year 1954. BEL is engaged in the business of Defence Electronics, empowering the Nation's Defence Forces and in other chosen areas of Professional Electronics.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author or Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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