Monday, August 12, 2013

Bharat Electronics Ltd (BEL) :

  • PSU which derives 85% revenue from defense.
  • Major revenue segments : Radar & Fire control(33%), weapon system(15%), Communication(15%), Electronic warfare and avionics(8%), Electro optics (7%).
  • As on June 2013, Order book @ Rs.24725 C. 
  • Expected to bad another Rs.6000 Cr order in FY 2014.
  • Holds 75% stake in JV with Thales (French) manufacturing radars.
  • Current market price is Rs.1163.
  • Has 5330 Cr as cash balance - which is 59.2% of its market value.
  • Cash Rich and Zero Debt.
  • Dividend Yield : 1.98%

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