Bharat Electronics Limited (BEL), a Navratna defence PSU, has secured additional defence orders worth Rs. 776 crore since its last disclosure on November 14, reinforcing its position as a key player in India’s defence sector. The latest order inflow, announced on Monday, December 15, 2025, underscores the company’s growing importance in indigenisation and advanced defence technology.
The new orders encompass a wide array of strategic, electronic, and technology-driven defence systems. These include the indigenous Counter Unmanned Aerial System (SAKSHAM), anti-drone systems, software-defined radios, communication equipment, avionics, weapon control systems, gun control systems, medical electronics, security software, masts, components, upgrades, spares, and services. This diverse portfolio highlights BEL’s capability to meet the evolving needs of the Indian defence forces.
BEL’s robust order book is a testament to the government’s focus on the “Make in India” initiative and increased defence capital spending. The company has consistently benefited from these strategic priorities, positioning itself as a major supplier of electronic equipment and systems to the Indian military.
“BEL has consistently outperformed expectations across revenue growth, margins, and execution, which reinforces our constructive outlook on the stock. A strong order backlog, healthy order inflows of Rs. 12,539 crore till October, and clear visibility on large defence programmes such as QRSAM, NGC, LCA avionics, and GBMES provide multi-year growth support. In addition, emerging opportunities in AMCA and UAV platforms, along with plans to scale up exports to 10% of turnover over the next three years, further strengthen the company’s long-term growth prospects. We value BEL at 48x FY27E EPS and continue to maintain a BUY rating with a target price of Rs. 504,” said Anil R, Senior Research Analyst at Geojit Equity Research.
The company’s financial performance in the second quarter of FY26 has been equally impressive. BEL reported a 25% year-on-year growth in standalone profit after tax (PAT) at Rs. 969.13 crore, compared with Rs. 776.14 crore in the same quarter last year. Revenue from operations rose 5.2% YoY to Rs. 4,416.83 crore, up from Rs. 4,198.77 crore in the corresponding period of the previous financial year.
On December 15, BEL’s share price edged higher in early trade, reflecting investor confidence in the company’s growth prospects. At 09:24 am, BEL stock was trading at Rs. 391.00 on the BSE, up Rs. 1.60 or 0.41%. The stock has delivered a strong rally over the past year and is currently up over 62% from its 52-week low.
As BEL continues to secure high-value defence contracts and expand its technological capabilities, it is poised to play a pivotal role in India’s defence modernisation efforts. The company’s focus on innovation, coupled with its strong financial performance, positions it as a compelling investment opportunity in the defence sector.