Bharat Electronics Ltd Share Price – NSE /  BSE

Aerospace & Defence, Mid Cap

Bharat Electronics (BEL) announced the signing of a Memorandum of Understanding (MoU) with Tata Electronics towards the development of indigenous electronics and semiconductor solutions in line with the Government of India's vision for self-reliance. This MoU marks a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements.

As part of the agreement, BEL and Tata Electronics will explore the opportunities to collaborate in the areas of Semiconductor Fabrication (Fab), Outsourced Semiconductor Assembly and Test (OSAT), and design services solutions offered by Tata Electronics to meet the current and future requirements of BEL that include Microcontrollers (MCUs), Systems-on-Chip (SoCs), Monolithic Microwave Integrated Circuits (MMICs), and other Processors. Both companies will also endeavour to develop optimum manufacturing solutions for BEL's products through knowledge sharing, best practices and other resources.

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Bharat Electronics has received orders from MDL, Mumbai and GRSE, Kolkata totally valued at Rs. 2,323 crore (excluding taxes) for supply of base and depot spares for the missile systems on Indian Naval ships. The spares will ensure operational continuity of onboard mission critical equipment.

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Bharat Electronics has secured additional orders worth Rs.537 crore. Major orders received include communication equipment, advanced composite communication system for ship, jammers, software, simulator upgrades, spares, test rigs, services etc.

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The upgrade comes on the back of a robust Q4 performance and a strong growth outlook. The brokerage highlighted higher localisation, a favourable product mix, and operational efficiencies as key levers driving BEL's growth trajectory.

On a consolidated basis, BEL's net profit jumped 18.35% to Rs 2,127.04 crore on 6.83% rise in revenue from operations to Rs 9149.59 crore in Q4 FY25 over Q4 FY24.

As of 1 April 2025, BEL's order book stood at a solid Rs 71,650 crore, including $359 million in export orders. For FY26, the company anticipates fresh orders worth Rs 27,000 crore, excluding the much-awaited QRSAM (Quick Reaction Surface-to-Air Missile) order pegged at Rs 30,000 crore, which is expected to be finalized around Q4 FY26.

BEL is also eyeing multiple large orders this year, including a Rs 6,000-10,000 crore deal to supply 10-12 major subsystems for Corvette ships to two defence shipyards, along with additional LCA (Light Combat Aircraft) requirements.

The company remains in active discussions with the Army, Navy, and Air Force for emergency and strategic procurements, which could translate into accelerated order inflows, benefiting the current and next fiscal years.

BEL, a Navratna PSU under the Ministry of Defence, manufactures advanced electronic products and systems for India?s armed forces. The Government of India holds a 51.14% stake in the company.

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