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Key Data
  • Market cap 16861.00 CR.
  • Book value 37.16
  • Stock P/E 12
  • Dividend Yield 4.91%
  • ROCE 32.21%
  • ROE 22.97%
  • Sales Growth (3Y) 18.15%
  • Face Value (3Y) 1.00
Profile

BEL

Bharat Electronics Limited or BEL

The company Bharat Electronics Limited or BEL was being set up at Bangalore by the authority of Government of India under the Ministry of Defense in 1954 with the purpose to meet the specific electronic needs of the Indian defense services. And over the years it has grown & enhanced into a multi-product, and multi-technology, and the multi-unit company which is serving the needs of customers in diverse fields in both India and over ... seas. Now, the BEL is among an elite group of public sector undertakings which have been conferred by the Navratna status by the Government of India. Also, both the growth and diversification of the company over the years mirror the advancements in electronics technology, and BEL has kept continuous pace with it. The company registered INR 5,561.03 crore turnover for the year 2010–11. It has also received the SCOPE (Standing Conference of Public Enterprises) Meritorious Award for Corporate Governance for the year 2009–10. Also in 1996, it achieved the turnover of approximately INR 1,000 crore, and in 1997, GE BEL, a joint venture company with GE and the USA was formed. In 1998, the BEL set up its second overseas office in Singapore for sourcing components from various parts of South East Asia. Then in the year 2000, the Bangalore unit had grown very large and was being reorganized into Strategic Business Units (SBUs). So, there are approximately seven SBUs in the Bangalore unit, and in the same year, the BEL's shares were listed on the NSE. Later in 2002, the BEL became the first defense PSU to get an operational Mini Ratna Category I status, and along with that in June 2007, BEL was also conferred as the prestigious Navratna status based on its consistent & continuous performance. Lastly, in 2008–09, BEL had recorded a turnover of INR 4624 crores. Soon the company entered the joint venture agreement with the Multitone, and UK to offer the most comprehensive on-site product ranges which can be from small, and easy to use pagers to practical, and also durable private mobile radios with the latest technology, and digital wireless communication system.

Subsidiaries Details:

BEL Optronic Devices is the subsidiary company that was established to conduct the research & development, and also manufacture of the image intensifier tubes and its associated high voltage power supply units for the use in military, security and other commercial systems. It is located in Bhosari Industrial Area, in Pune. It also owns another subsidiary with the name of Belop Financials.

Joint Ventures:

The GEBE was set up in 1997 as a joint venture between Bharat Electronics Limited and the General Electric Medical System. It is based at the Whitefield, Bangalore, India. It manufactures the X-ray tubes for RAD & F and CT systems, along with the components such as High Voltage Tanks and the detector modules for the CT system. All these products are being exported worldwide, and they safely meet all the regulatory standards which are specified by the FDA, CE, MHW, AERB, and the facility has also been accredited with ISO–9001; ISO–13485 and ISO–14001 certifications. It also markets the conventional X-ray tubes made at the Pune Unit of BEL in India.

BEL – Multitone:

It offers state of the art as the Mobile Communication Products for the workplace. The Multitone also invented paging in 1956 after it developed the world's first system, which served the "life or death" environment in St. Thomas Hospital, London. And with the strength of Bharat Electronics in the Radio Communications field with the technology of Multitone in the area of Radio Paging, as it is the joint venture company is in a position to offer tailor-made solutions to the Mobile Communication needs at the workplaces in different marketing segments. The joint venture offers the most comprehensive on-site product ranges from small, and easy to use pagers to practical, and durable private Mobile Radios with the latest technology, and digital wireless communication systems.

Some of the details of the products:

  1. You can access 700 one–way speech paging system which supports 100 pagers.
  2. You can access the 1000/3000 Radio Paging system which supports 1500/5000 users.
  3. Computer Radio Integration units.
  4. Digital Cordless Communication System

Products:

  1. Defense – Under this, BEL offers products for communication, radars, naval systems, optoelectronics, Electronic Warfare systems, weapon system, tank electronics, and simulators.
  2. Non-defense – The company offers products in the area of the switching equipment, and TV and broadcast, and DTH & telecom, and simputer, and electronic voting machines, and electronic components.
  3. System/Turnkey Solutions – It also offers C4I solutions, including SATCOM Networks and VTMS.
  4. Services – It also offers a range of services such as contract manufacturing, design & manufacturing services, software development, semiconductor device packaging, and the quality assurance facilities.

Potential Consumers:

Its potential consumers are in an area of Indian Defense Services, Paramilitary forces, and Radars & Sonars Indian Defense Services, Meteorological Department, Civil Aviation, Space Department, Power Sector, Telecommunication Department, Oil Industry, Railways, Doordarshan, All India Radio, Police, State Governments, Public Sector Undertakings and many more.

Exports:

The BEL exports its products in many countries such as Indonesia, Switzerland, Egypt, Botswana, Surinam, Malaysia, Russia, Brazil, Nepal, Sri Lanka, Israel, South Africa, UAE, Uganda, Turkey, Azerbaijan, UK, Germany, Zimbabwe, Nigeria, Kenya, Canada, Belgium, Italy, France, Malawi and Mauritius.

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Trend Analysis
  • Short Term Trend :
    Not clear
  • Medium Term Trend :
    Not Clear
  • Long Term Trend :
    Not Clear

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM - -
11 AM - -
12 PM - -
1 PM - -
2 PM - -
Japanese Candlestick Patterns
Candle Pattern 1 :Doji
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Lower High Lower Low
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 64.47 66.27 68.07 68.73 69.87 70.53 71.67 73.47 75.27
woodie's 65.50 67.30 68.25 69.10 70.05 70.90 71.85 72.70 74.50
fibonacci - 68.07 68.75 69.18 69.87 70.55 70.98 71.67 -
camarilla 68.41 68.90 69.07 69.24 -- 69.56 69.73 69.90 70.39
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 61.50
71.00
66.11 9.55 % 9.22 %
20 DAY 57.75
71.80
64.74 11.49 % 5.08 %
50 DAY 56.00
80.15
68.17 -1.00 % 10.25 %
100 DAY 56.00
109.00
77.92 -14.58 % -16.82 %
200 DAY 56.00
122.10
91.76 -36.68 % -17.28 %
YTD 56.00
122.10
92.65 -37.28 % -17.57 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Unfilled Gap Up On 2020-05-13
62.25 ~ 61.20 SUPPORT
Unfilled Gap Down On 2020-01-31
99.00 ~ 100.30 RESISTANCE
Unfilled Gap Down On 2019-11-05
115.90 ~ 119.05 RESISTANCE
Unfilled Gap Down On 2018-03-23
141.15 ~ 149.60 RESISTANCE
Unfilled Gap Down On 2018-01-31
172.00 ~ 175.00 RESISTANCE
Unfilled Gap Down On 2017-03-16
166.30 ~ 1565.20 RESISTANCE
Industry Growth Rate

In Last 1 Year the industry has grown by 15.74 %

In Last 5 Year the industry has grown by 12.09 %

Peer comparison

Sales

COMPANY NAME 2014 2015 2016 2017 2018 2019
BEL 6518.00 7093.00 7354.00 8656.00 10401.00 12164.00
ASTRAMICRO 523.00 622.00 406.00 390.00 362.00 293.00
Total 3520.50 3857.50 3880.00 4523.00 5381.50 6228.50

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE ICR REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 ASTRA MICROWAVE PRODUCTS LTD. 56933.17 65.70 59.34 1.13 85.09 0.59 2.38% 293.00 10.00 3.41% 9.90%
2 BHARAT ELECTRONICS LTD. 16958.69 69.60 37.16 7.74 11.23 7.73 181.81% 12164.00 1886.00 15.50% 16.95% 31.70% 9.87% 9.62%
3 Apollo Micro Systems Ltd 17512.43 83.90 138.81
4 Bharat Dynamics Ltd 4313.40 235.70 131.03
SALES TREND

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profit & NPM trend

What is Profit & NPM Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Reserves Chart
BEL: Future
TRADING SYMBOL OI VOLUME LAST PRICE LOT SIZE EXPIRY DATE
BEL20JUNFUT 24390000.00 8100000.00 69.70 6000 2020-06-25
BEL20JULFUT 478800.00 304000.00 69.90 7600 2020-07-30
BEL20AUGFUT 83600.00 7600.00 69.35 7600 2020-08-27
ROLLOVER COST: 0.29% (INR 0.20)
ROLLOVER%:0.02%
What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
Dividend history
Ex Date Amount
2020-02-11 1.40
2019-08-20 1.70
2019-03-27 0.70
2019-03-19 0.70
2019-02-08 0.30
2018-08-20 0.40
2018-02-08 1.60
2017-08-14 1.05
2017-03-29 0.90
2017-02-02 3.00
2016-08-18 14.50
2016-02-04 2.50
2015-08-10 23.20
2015-01-28 6.00
2014-09-12 17.30
2014-01-29 6.00
2013-09-06 16.30
2013-01-30 6.00
2012-09-07 10.80
2012-02-01 10.00
2011-09-13 15.60
2011-02-02 6.00
2010-09-13 13.20
2010-02-03 6.00
2009-09-14 12.70
2009-01-28 6.00
2008-09-12 14.70
2008-01-30 6.00
2007-09-07 14.00
2001-08-27 4.00
Bonus Data
Company Name Split Date From Value To Value
BHARAT ELECTRONICS LTD. 2017-09-28 1.00 10.00
BHARAT ELECTRONICS LTD. 2015-09-14 2.00 1.00
Split Data
Company Name Split Date From Value To Value
BHARAT ELECTRONICS LTD. 2017-03-16 10.00 1.00
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