Rs 74,859 crore order book & 1,56,000% multibagger returns: Navratna Defence PSU company registers a growth of 25% in PAT (YoY)

Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved Revenue from operations of Rs 4416.83 crore, registering a growth of 5.19 per cent during the Q1FY26 over the revenue from operations of Rs 4198.77 crore recorded in the corresponding period of the previous year. Profit Before Tax (PBT) during Q1FY26 stood at Rs 1,289.24 crore, with a growth of 24.28 per cent over the Profit Before Tax (PBT) of Rs 1,037.34 crore recorded in the corresponding period of the previous year.  

Profit After Tax (PAT) during Q1FY26 stood at Rs 969.13 crore, with a growth of 24.87 per cent over the Profit After Tax (PAT) of Rs 776.14 crore recorded in the corresponding period of the previous year. The order book position of the company as on July 01, 2025, stood at Rs 74,859 crore.

BEL has recently secured substantial orders. This includes a major contract worth Rs 1,640 Crore for the supply of indigenous Air Defence Fire Control Radars to the Indian Army. These DRDO-designed and BEL-manufactured radars provide effective defence against air threats in all weather conditions, featuring inbuilt Electronic Counter Measure (ECM) capabilities for surveillance, acquisition, tracking and control of air defence guns. The modular system is designed for easy deployment, operation and maintenance.

In addition to this significant contract, BEL has received other substantial orders totalling over Rs 1,600 Crore. These orders encompass a wide range of defence and strategic systems, including National Maritime Domain Awareness, Inertial Navigation Systems for guns, communication equipment, Active Antenna Array units, Satcom Interception Systems, Seekers, Target Acquisition Systems, Jammers, EVMs, shelters, control centres and various spares and services. Furthermore, BEL has secured orders for base and depot spares for missile systems on Indian Naval ships, valued at Rs 2,323 Crore, ensuring operational continuity of critical onboard equipment. BEL has also signed an MoU with Tata Electronics to develop indigenous electronics and semiconductor solutions, aligning with the vision for self-reliance.

About the Company

Bharat Electronics Limited (BEL), a Navratna PSU under India's Ministry of Defence, is a leader in the nation's Defence/Strategic Electronics market. BEL is a multi-product, multi-technology conglomerate specialising in the design, development, engineering and manufacturing of critical systems like Radars, Weapon Systems, C4I systems, Military Communication and Electronic Warfare & Avionics. Continuously expanding its reach, BEL also actively engages in non-defence sectors such as Homeland Security, Cyber Security, Rail & Metro solutions, Civil Aviation, Space Electronics, Medical Electronics and Anti-drone systems. The company holds CMMi Level 5, ISO AS-9100 and ISO 27001-2013 (ISMS) certifications and is a CERT-In empanelled agency.

The company has a market cap of 2.80 lakh crore and has been maintaining a healthy dividend payout of 39 per cent. The company’s order book stands at Rs 74,859 crore as of July 01, 2025. The company's shares have an ROE of 29 per cent and an ROCE of 39 per cent. The stock gave multibagger returns of 400 per cent in 3 years and a whopping 1,600 per cent in 5 years. The stock, which traded at a mere Rs 0.25 in 1999, has experienced exponential growth, delivering a mind-boggling 1,56,000 per cent return to its investors.

Disclaimer: The article is for informational purposes only and not investment advice.