Bharat Electronics Ltd Recent order Received

On October 2, Goldman Sachs initiated coverage with a 'Buy' rating and ₹455 target, citing BEL's superior margins, ROE above global peers, healthy cash position, and asset turnover aligning with international standards. BEL secured ₹1,092 crore in defence orders on September 29 (e.g., EW upgrades, tank subsystems, communication equipment) and ₹843 crore earlier for RF seekers, vessel systems, air-traffic radar, strengthening its ₹74,859 crore order book (71% expected FY26-27 revenue). Q1 FY26 results showed 22.61% YoY profit growth to ₹969 crore; full FY25 revenue was ₹23,965 crore with ₹5,500 crore profit. Promoter holding steady at 51.1%.