1 month ago
Focus on localisation and import substitution along with strategic initiatives should support the company’s growth
March 27, 2024 / 11:13 AM IST
Despite a modest 4 percent revenue growth in the first nine months of FY24, BEL remains confident about achieving its full-year target of 15 percent (Representative image)
PRO Only Highlights
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Quarterly performance largely backed by improved realisations
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Medium-term triggers China plus and protectionist measures for tyre industry
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Valuations not inexpensive; but improved medium-term outlook
Highlights
Improving order pipeline and strong orders in hand provide visibilityEarnings to be better in the coming quarters led by higher margins and executionCompany expects to achieve 15 percent growth in revenue this yearStock trading at 33 times the estimated earnings for fiscal year 2026The Bharat Electronics (BEL) (CMP: Rs 203, Market capitalisation: Rs 1,47,255.49 crore, Stock Rating: overweight) stock is at an interesting point. Market correction in the past few days has brought the stock to attractive
PRO Panorama
Moneycontrol Pro Panorama | Will Lilliput Land show its consumption power again?
Mar 22, 2024 / 02:57 PM IST
In today's edition of Moneycontrol Pro Panorama: Red Sea crisis could cause bigger problems if unchecked, February export data spr...
PRO Weekender
Moneycontrol Pro Weekender: Saint Powell and the inflation dragon
Mar 9, 2024 / 10:03 AM IST
While the markets reach all time highs, the Bank for Settlements warns that the last mile on disinflation is a diffi...
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