Rs 71,650 crore order book: Defence company receives Rs 1,640 crore order for Air Defence Fire Control Radars (Atulya) from Indian Army
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The stock, which traded at a mere Rs 0.25 in 1999, has experienced exponential growth, delivering a mind-boggling 1,60,180 per cent return to its investors.
Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured a significant contract worth Rs 1,640 crore (excluding taxes) from the Indian Army, Ministry of Defence. This order is for the supply of Air Defence Fire Control Radars, specifically the indigenous 'Atulya' system, to the Indian Army. Designed by DRDO and manufactured by BEL, these radars are crucial for day and night, all-weather defence against aerial threats, offering advanced capabilities for surveillance, acquisition, tracking, and control of air defence guns, along with inbuilt Electronic Counter-Measures (ECM) for effective neutralisation of targets. Their modular design ensures ease of deployment, operation, and maintenance.
Earlier, the company secured additional orders worth Rs 528 crore for items like Radars, communication equipment, and EVMs. This adds to previous orders, including Rs 585 crore for defence equipment, Rs 2,323 crore from Mazagon Dock Shipbuilders and Garden Reach Shipbuilders, and Rs 537 crore for various defence equipment.
About the Company
Navratna Defence PSU Bharat Electronics Limited (BEL), established in 1954, is a prominent Indian government-owned company under the Ministry of Defence. They specialise in manufacturing cutting-edge electronic products and systems for the Indian armed forces, encompassing areas like radars, missile systems, communication technologies, electronic warfare systems, avionics for aircraft, naval systems, and even tank electronics. While their primary focus is defence, BEL also has a limited presence in the civilian market, offering solutions in cybersecurity, e-mobility, railways, e-governance and more.
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During FY 2024-25, the company achieved a Turnover of Rs 23,024.10 crore, marking a growth of 16.17 per cent compared to the previous year's Turnover of Rs 19,819.93 crore, with the fourth quarter contributing Rs 8,850.42 crore against Rs 8,335.01 crore in the corresponding period. Furthermore, the Profit After Tax (PAT) for the fiscal year stood at Rs 5,288.25 crore, reflecting a growth of 31.55 per cent over the previous year's PAT of Rs 4,020 crore, while the fourth quarter PAT increased to Rs 2,104.78 crore from Rs 1,783.52 crore.
The company has a market cap of 2.90 lakh crore and has been maintaining a healthy dividend payout of 39 per cent. The company’s order book stands at Rs 71,650 crore as of April 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 340 per cent in 3 years and a whopping 1,100 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 1,60,180 per cent return to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.