Bharat Electronics witnessed a 2% surge in its share price after securing fresh defence orders worth ₹596 crore, reinforcing the company's strong position in India's defence electronics sector. The Navratna public sector undertaking's shares traded at ₹420.00, reaching an intraday high of ₹424.50 from the previous close of ₹415.65.

Fresh Order Details

The latest contracts secured by BEL encompass a diverse range of advanced defence technologies and services. The ₹596 crore order book includes:

These orders highlight the sustained demand for indigenous, technology-driven solutions across critical defence and strategic segments, further strengthening BEL's position in India's defence ecosystem.

Order Book Momentum

The fresh contracts have significantly bolstered BEL's order book position, demonstrating robust pipeline growth:

This steady order inflow momentum indicates continued traction in high-value, mission-critical projects and reinforces the company's growth trajectory.

Financial Performance

Bharat Electronics demonstrated strong quarterly performance with significant improvements across key financial metrics:

The company maintains impressive financial ratios with a ROCE of 38.90% and ROE of 29.20%, while being almost debt-free, which strengthens its balance sheet stability.

Market Position and Valuation

With a market capitalisation of ₹3,07,339 crore, BEL trades at a P/E ratio of 54.10 compared to the industry average of 61.20, indicating relatively reasonable valuation within its sector. The company has delivered robust profit growth at a CAGR of 23.80% over the last five years and maintains a healthy dividend payout ratio of 39.10%.

Company Overview

As a leading Navratna public sector undertaking under the Ministry of Defence, Bharat Electronics Limited specialises in designing, developing, and manufacturing advanced electronic systems for the armed forces. The company's portfolio includes radars, communication systems, electronic warfare, missile systems, and has expanded into non-defence segments such as homeland security, smart cities, and space electronics.

Navratna defence public sector undertaking Bharat Electronics Ltd (BEL) has secured additional orders worth ₹596 crore since its last disclosure on January 1, 2026, strengthening its order book with diverse defence equipment contracts. The company also reported strong second quarter financial results, with net profit rising 18% year-on-year and revenue growth of 26%.

New Order Wins

The latest order acquisitions encompass a comprehensive range of defence technologies and services. According to the company's stock exchange filing, the orders include:

• Drone detection and jamming systems
• Mobile communication terminals
• Software solutions and upgrades
• Spares and related services

Second Quarter Financial Performance

BEL delivered impressive financial results for the second quarter, surpassing analyst expectations across key metrics. The company's net profit reached ₹1,286 crore, representing an 18% increase from the corresponding quarter last year and exceeding CNBC-TV18's poll estimate of ₹1,143 crore.

Revenue and Profitability Analysis

Revenue performance was particularly strong, with the company recording ₹5,764 crore for the quarter compared to ₹4,583 crore in the same period last year. This 26% year-on-year growth significantly outpaced the CNBC-TV18 poll estimate of ₹5,359 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 22% from the same quarter last year to ₹1,695.60 crore, substantially higher than the analyst estimate of ₹1,482 crore. However, EBITDA margin compressed by nearly 90 basis points to 29.42% from 30.30% in the previous year, though this figure still exceeded the estimated 27.70%.

Market Performance

Shares of Bharat Electronics Ltd closed at ₹415.65 on the BSE, down by ₹0.05 or 0.01% for the trading session. The minimal decline reflects stable investor sentiment despite the positive operational and financial developments announced by the company.