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BHARAT ELECTRONICS LTDBHARAT ELECTRONICS LTDBHARAT ELECTRONICS LTD

BHARAT ELECTRONICS LTD

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BEL trade ideas

BEL Positional 1) Cross over of 20EMA & 200EMA with the formation of triangle considered as Mutlibagger pattern 2) You aquire this stock between 95 to 110 SL 90 target 180/200 in 6-8 months 3) Fundamentally strong company ROE 22.97% Dividend Yield: 3.12 % Debt to equity: 0.00 Reserves: 8,775 Cr. Pledged percentage: 0.00 % Dividend Payout Ratio: 42.98 % Pro's -> Company is virtually debt free -> Stock is providing a good dividend yield of 3.12%. - High dividend-paying company -> Company has been maintaining a healthy dividend payout of 36.76% -> stock trades at a P/E of 13.6x and looks quite attractive at this level based on its performance parameters Performance Review: (Rs. in crore) Particulars Q1FY20 Q4FY19 Q1FY19 FY19 FY18 Income 2061.72 3783.32 2104.96 11854.7 10068.72 PBT 292.24 878.68 251.44 2628.34 1957.03 Tax 86.25 288.1 71.94 780.31 549.78 PAT 210.59 596.61 188.43 1886.4 1431.03 EPS (Rs.) 0.86 2.45 0.77 7.74 5.83 For FY19, BEL posted 32% higher PAT of Rs.1886.4 crore on 18% higher sales of Rs.11854.7 crore and an EPS of Rs.7.74. For Q1FY20, it posted 12% higher PAT of Rs.210.59 crore on sales of Rs.2061.72 crore and an EPS of Re.0.86. For FY19, it paid 170% interim dividend and declared 170% final dividend v/s 160% interim dividend and 40% final dividend paid in FY18. Future projects 1) As at 1 July 2019, BEL had an order book of Rs.51715 crore, which is almost 5x its FY19 revenue and provides strong revenue visibility 2) it plans to create Centres of Excellence (CoE) in R&D and an Innovation Cell in IITM 3) operate new plants at Nimmaluru for advanced Electro-Optics and Anantapur for its Missile Seeker business besides focusing on AI based projects and indigenization
NSE:BELLong
by SharemarketRaja