Bharat Electronics Ltd (BEL), one of India’s flagship defence electronics companies, continues to draw investor attention after another strong run on Dalal Street. The state‑run manufacturer, which supplies radars, communication equipment, avionics and other high‑tech gear to the Indian Army, Navy and Air Force, is a key beneficiary of the country’s rising defence spending and the ‘Make in India’ push.
On 19 August 2025, BEL’s share was trading around ₹379.05 per share, slightly lower than the previous close of ₹382.5 but still not far from its 52‑week high of ₹436. The stock’s 52‑week low stands at ₹240.25, underscoring how far it has come over the past year. Over the last twelve months the shares have delivered about 26.46 % returns, while the three‑year gain is an impressive 313 % and the five‑year return a staggering 1,014 %. Even in the current calendar year, the stock is up around 30 %. Such long‑term outperformance reflects BEL’s strong order book, robust balance sheet and steady execution of contracts.
The company has not only locked in multi‑year orders from the Indian armed forces but is also tapping export markets and diversifying into civil projects such as metro rail communication systems and satcom. Analysts point out that the company’s margins have remained healthy despite input cost pressures, and revenue growth has been supported by timely deliveries. They note that BEL’s order backlog of more than ₹60,000 crore provides earnings visibility for several years. Market research firms have set a 12‑month target price of around ₹550 per share, implying about 45 % upside from current levels, and most have a ‘buy’ rating.
However, investors should be mindful that shares have rallied sharply over the past few years and could see periods of consolidation. As with any stock, near‑term volatility is possible due to global macro events, currency movements or delays in order execution. Prospective buyers should consider their risk appetite and investment horizon, and consult a financial adviser before making any decisions. For those willing to stay invested for the long term, BEL remains a compelling play on India’s defence modernisation drive and indigenous manufacturing ambitions.
