Rs 71,100 Crore Order Book: This Multibagger Large-cap Stock Secures Rs 593.22 Crore Defence Contract and Eyes Rs 5,000 Crore in New Orders

Bharat Electronics Soars with Rs 593.22 Crore Defence Contract

In a significant leap toward strengthening India’s defence infrastructure, Bharat Electronics Limited (BEL) has clinched a massive Rs 593.22 Crore Defence Contract from the Indian Air Force. The deal, centered on maintenance services for the Akash Missile System, marks a robust start to BEL’s financial year 2025-26.

BEL’s strategic positioning and consistent focus on indigenous technology have turned it into a multibagger stock, dazzling investors and boosting national defence. This contract further reinforces BEL’s Rs 71,100 crore order book and primes it to bag fresh deals worth Rs 5,000 crore in the near future.

Rs 593.22 Crore Defence Contract: What Makes It So Important?

BEL’s new contract isn’t just another win; it’s a testament to its trust and technological prowess. Maintenance of the Akash Missile System, a surface-to-air missile system developed by DRDO, is vital to national security.

This deal confirms BEL’s role as a reliable long-term partner in India’s military modernization, reinforcing its dominance in defence electronics.

Rs 71,100 Crore Order Book: This Multibagger Large-cap Stock Secures Rs 593.22 Crore Defence Contract and Eyes Rs 5,000 Crore in New Orders

The title says it all—BEL is on fire.

With a current order book of Rs 71,100 crore, the company has positioned itself as a powerhouse in India’s defence ecosystem. Add to that the Rs 593.22 crore deal and the upcoming Rs 5,000 crore opportunities, and you’ve got a stock that’s hard to ignore.

Let’s break it down in a table:

Bharat Electronics Ltd: A Brief Look at the Defence Giant

Founded in 1954, Bharat Electronics Limited has become synonymous with defence-grade electronics. With operations spread across Defence, Non-Defence, and Export sectors, BEL delivers state-of-the-art solutions to the Indian military and beyond.

Let’s explore its diversified business model.

How BEL’s Defence Segment Fuels Growth?

In FY24, the Defence segment contributed a whopping 81% to BEL’s revenue, with consistent order execution and robust pipeline development. The Rs 593.22 Crore Defence Contract only adds more fuel to this fast-moving engine.

BEL specializes in:

• Radars

• Communication Systems

• Missile Systems

• Electronic Warfare

With its indigenous focus, BEL keeps both the costs and dependence on imports low.

BEL’s Eye on Rs 5,000 Crore More: What’s in the Pipeline?

With this new contract just inked, BEL is not slowing down. The company is actively negotiating deals worth Rs 5,000 crore. These could include advanced weapon systems, surveillance solutions, and integrated defence platforms.

Such pipeline promises long-term revenue visibility, reinforcing investor confidence.

Rs 593.22 Crore Defence Contract Boosts Investor Sentiment

The contract announcement has sparked excitement in the market, particularly among long-term investors.

Here’s why:

• High ROE of 41.4%

• ROCE at 26.3%

• Multibagger status confirmed with 1066% return in 5 years

When a government-backed enterprise delivers such numbers, investors listen.

What’s Behind BEL’s Multibagger Status?

A multibagger stock is one that multiplies your investment significantly. BEL fits the bill.

In just 2 years, it delivered 189% returns, and a staggering 1066% over 5 years. The driving force? Consistent earnings, solid governance, and a pipeline that keeps growing.

R&D Investment: The Hidden Catalyst

BEL is betting big on innovation.

Over 77% of its turnover comes from indigenously developed products, thanks to its aggressive Research & Development spending.

This not only aligns with the government’s “Atmanirbhar Bharat” mission but also gives BEL a competitive edge globally.

Manufacturing Might: Expanding Capabilities for the Future

To fulfill rising demand, BEL is expanding its manufacturing units across India. These facilities ensure timely execution and customization based on client requirements—vital for defence contracts.

Such capacity building also opens doors to export-oriented growth.

Rs 593.22 Crore Defence Contract Highlights BEL’s Operational Excellence

Winning such a major contract is no fluke.

BEL’s execution ability, rigorous quality standards, and supply chain resilience make it a go-to partner for India’s armed forces.

How BEL Fares in the Export Market?

Although defence exports are a smaller share, BEL is gaining traction internationally.

Between FY22 and FY24, exports grew by a jaw-dropping 236%. Emerging markets in Southeast Asia and Africa are keen on Indian defence solutions—especially when they come with BEL’s stamp.

The Rise of Non-Defence Business: Civilian Sector is Booming

You’d think BEL is all military—but no. Its non-defence vertical grew 157% in just two years.

With a focus on:

• Smart Cities

• Healthcare Equipment

• Solar Solutions

• Railway Communications

BEL is extending its footprint beyond battlefields.

Stock Performance Snapshot: Rs 282.4 Per Share and Still Climbing

As of April 3, 2025, BEL is trading at Rs 282.4. Despite recent market corrections, this large-cap stock remains resilient.

Institutional Interest: Mutual Funds and FIIs are Bullish

Top mutual funds and Foreign Institutional Investors (FIIs) are steadily increasing their stakes in BEL, indicating high confidence in its long-term fundamentals.

Government Support Makes BEL a Strategic Asset

Being a Navratna PSU, BEL enjoys unique privileges, including:

• Financial autonomy

• Quick decision-making

• Backing from Ministry of Defence

These benefits make BEL a cornerstone of India’s military modernization.

Akash Missile System: The Heart of the Rs 593.22 Crore Deal

The Akash Missile System, developed by DRDO and produced by BEL, is an advanced surface-to-air missile designed to intercept aircraft and drones at medium range.

BEL’s role in maintaining this vital system ensures India’s air defence remains top-notch.

Rs 593.22 Crore Defence Contract: A Step Toward Atmanirbhar Bharat

This deal exemplifies India’s shift from defence imports to self-reliance. BEL’s indigenous solutions play a crucial role in fulfilling this national vision.

BEL’s Strategic Vision 2025: Diversify, Innovate, Conquer

Looking ahead, BEL aims to:

• Increase exports

• Expand non-defence verticals

• Innovate in AI and drone warfare tech

• Achieve double-digit revenue growth

Investor’s Takeaway: Should You Buy BEL Now?

With its stellar fundamentals, robust order book, and government support, BEL remains a strong buy for long-term investors.

FAQs

1. What is the Rs 593.22 Crore Defence Contract about?

It’s a maintenance service agreement for the Indian Air Force’s Akash Missile System, awarded to BEL.

2. Is BEL a good stock to invest in 2025?

Yes. With a multibagger return record, solid fundamentals, and defence-focused growth, it’s considered a long-term winner.

3. What is BEL’s current order book value?

As of Jan 1, 2025, BEL’s order book is valued at Rs 71,100 crore.

4. What are BEL’s future growth areas?

Apart from defence, BEL is expanding in exports, smart cities, healthcare electronics, and AI-based defence tech.

5. How much return has BEL delivered recently?

BEL has delivered 189% return in 2 years and 1066% in the past 5 years.

6. Does BEL manufacture everything in India?

Mostly, yes. About 77% of its turnover is from indigenous products.

Conclusion: Bharat Electronics Is Just Getting Started

From the Rs 593.22 Crore Defence Contract to a Rs 5,000 crore pipeline, Bharat Electronics Ltd is not just growing—it’s soaring. As a multibagger PSU, it’s ticking all the right boxes: innovation, scale, strategic vision, and investor trust.

BEL isn’t just defending India. It’s redefining success on Dalal Street.

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