Street View: Strong margins, order pipeline key for India's Bharat Electronics, say analysts

Bharat Electronics

21/05/2025 10:42

** India's Bharat Electronics BAJE.NS rises 5.15% to 382.35 rupees; top gainer in the benchmark Nifty 50 .NSEI index

** BAJE beats Q4 profit and revenue estimates; stock climbs after closing largely flat on Tuesday post-results

** Stock rated 'buy' on average by 21 analysts - data compiled by LSEG

FISCAL 2026 ORDER BOOK ROBUST; Q4 MARGINS IMPRESS

** Antique Stock Broking (maintains 'buy', raises PT by 12% to 422 rupees) says core profit margin of 30.6% came in above its estimates on better revenue mix

** Motilal Oswal (maintains 'buy', raises PT by 13% to 410 rupees) highlights margin beat, adds BAJE's order pipeline stands strong for the next two years, with increased indigenisation and higher R&D spends to further benefit margins

** Phillip Capital (maintains 'buy', raises PT by 21% to 440 rupees) adds strong order backlog will drive near term sales, while large orders in the pipeline will also aid medium term growth

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))