BEL Share Price (BEL)

Bharat Electronics Limited (BEL) is a Navratna Public Sector Undertaking (PSU) under the Ministry of Defence, Government of India. Founded in 1954, BEL is a premier Indian company operating primarily in the aerospace and defence electronics sector. As of April 1, 2025, BEL's order book stood at ₹71,650 crore, indicating a strong pipeline of projects. For the quarter ended March 31, 2025 (Q4 FY25), the company recorded revenue from operations of ₹9,149.59 crore. For the full financial year 2024-25, BEL's revenue from operations was ₹23,768.75 crore. BEL plays a crucial role in advancing India's indigenous defence capabilities and is recognized as a significant manufacturer of advanced electronic products and systems for the nation's armed forces.

What does Bharat Electronics Limited do?

Bharat Electronics Limited is primarily engaged in the design, development, manufacture, supply, installation, and support of a wide array of strategic electronic products and systems. Its core operational activities cater extensively to the needs of the Indian defence services (Army, Navy, and Air Force) as well as select civilian and paramilitary forces. The company's operations span several key domains including radar and weapon systems, communication systems, electronic warfare suites, electro-optics, naval systems, and homeland security solutions. BEL's business model is centered on undertaking large-scale defence electronics projects and providing lifecycle support for its systems. While defence is its primary focus, the non-defence business constituted approximately 6-7% of its revenue in the fiscal year 2025. Export orders represented about 10% of BEL's total order book as of April 1, 2025.

Products/Services of Bharat Electronics Limited

Radar and Weapon Systems
BEL designs, develops, and manufactures a comprehensive range of radar systems for surveillance, tracking, and fire control, along with associated weapon systems. These are critical for air defence, naval, and land-based applications. As of April 1, 2025, its order book included systems like the Arudhra radar and Long-Range Surface-to-Air Missile (LRSAM) systems.

Communication Systems
The company provides a variety of advanced communication solutions for defence and paramilitary forces. This includes secure communication networks, tactical communication systems, and satellite communication equipment. For instance, recent orders post-May 16, 2025, included shipborne composite communication systems.

Electronic Warfare Systems
BEL is a key supplier of electronic warfare (EW) systems designed for intelligence, surveillance, reconnaissance, and self-protection for airborne, naval, and ground-based platforms. Products in this category include jammers, which were part of new orders received after May 16, 2025.

Electro-Optics
The company manufactures a range of electro-optical equipment, including night vision devices, thermal imagers, and laser-based systems, enhancing the operational capabilities of the armed forces during day and night.

Naval Systems
BEL develops and supplies sophisticated electronic systems for naval platforms, such as sonar systems, fire control systems, and integrated anti-submarine warfare systems. The order book as of April 1, 2025, includes systems for the Next Generation Corvette (NGC) Program.

Homeland Security Solutions
Leveraging its expertise in defence electronics, BEL also offers solutions for homeland security, including smart city components, border surveillance systems, and secure communication for civil authorities.

Other Defence Solutions
BEL's portfolio also includes simulators for training, test rigs, critical software upgrades, and systems like the Himshakti project, Akashteer project, Integrated Air Command and Control System (IACCS), and Make in India Drones & UAVs Systems, as reflected in its order book as of April 1, 2025.

Future Outlook and Expansion Plans of Bharat Electronics Limited

Bharat Electronics Limited is poised for continued growth, with significant plans for capacity expansion and new project acquisitions. The company plans to invest more than ₹10,000 million annually in capital expenditure in the coming years to set up new manufacturing facilities at strategic locations across India; its capital expenditure for the fiscal year 2025 was over ₹9,000 million. For the fiscal year 2026, BEL anticipates fresh order inflows of approximately ₹27,000 crore. This projection excludes a major potential order for the Quick Reaction Surface-to-Air Missile (QRSAM) system, which is valued at an estimated ₹30,000 crore and is expected to be finalized around the fourth quarter of fiscal year 2026. If this QRSAM order materializes within the year, the company's new order acquisitions could significantly increase. BEL is also targeting other large orders, including a deal worth ₹6,000 crore to ₹10,000 crore for supplying major subsystems for Corvette ships to defence shipyards, and additional requirements for Light Combat Aircraft (LCA) systems. The company continues to focus on strengthening indigenous defence capabilities and timely execution of its robust order book.