Bharat Electronics Shares Slide 5% After Missing FY25 Order Inflow Target

Stock Drops as BEL’s Revenue Falls Short of Expectations

Shares of Bharat Electronics Ltd (BEL) tanked over 5% on April 2 after the company missed its FY25 order inflow guidance, disappointing investors. The state-owned Navratna Defence PSU reported a turnover of ₹23,000 crore, reflecting 16% growth over the previous year, but falling short of its projected ₹25,000 crore revenue target.

At 10:10 AM on April 2, BEL shares were trading 5.3% lower at ₹276.6 per share on the BSE. The stock’s 52-week high is ₹240.5, while its 52-week low stands at ₹212.6. With this decline, the company’s market capitalization is now at ₹2.02 lakh crore.

• BEL reported FY25 turnover of ₹23,000 crore, below its ₹25,000 crore projection.

• Stock dropped over 5% following the announcement.

• BEL’s total market capitalization now stands at ₹2.02 lakh crore.

Order Book Update: Contracts Secured in FY25

Despite the revenue miss, BEL secured orders worth ₹18,715 crore in FY25, strengthening its long-term growth prospects. Some of the major orders received during the year include:

• BMP II Upgrade

• Ashwini Radar

• Software Defined Radios

• Multi-Function Radars

• Airport Surveillance Radar

• Sonar Upgradation

• Anti-Drone Systems

With these contracts, BEL’s total order book now stands at ₹71,650 crore, including an export order book worth $359 million.

• BEL secured orders worth ₹18,715 crore in FY25.

• Total order book now stands at ₹71,650 crore, with exports at $359 million.

• Defense contracts dominate the company’s order pipeline.

Export Sales and International Expansion Strategy

In addition to its domestic operations, BEL is expanding its global footprint. The company reported export sales of $106 million in FY25, up 14% from $92.98 million in the previous year.

BEL’s Chairman & Managing Director, Manoj Jain, reaffirmed the company’s commitment to self-reliance, stating:

“BEL strives to attain self-reliance through enhanced indigenization efforts, expansion, modernization, and outsourcing to Indian industries, including MSMEs and start-ups. We have rolled out strategies to maximize our global outreach and market presence.”

• BEL’s export sales grew 14% YoY, reaching $106 million.

• Company focuses on self-reliance, MSME collaboration, and international expansion.

• BEL aims to retain its leadership position in the strategic electronics sector.

Investor Sentiment and Market Reaction

While BEL remains a key player in India’s defense sector, the stock’s sharp decline reflects investor disappointment over the missed revenue target. The company’s long-term growth outlook remains intact due to its strong order book and continued government defense spending. However, near-term challenges, including execution risks and order inflow uncertainty, could weigh on stock performance.

• Stock decline driven by revenue shortfall and investor concerns.

• Long-term outlook remains positive due to strong order book.

• Execution risks and order inflows remain key factors for future performance.