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The closing price of Bharat Electronics’ shares today was 120, not far from the company’s 52-week high of 127.40. A total of Rs. 3914 crore was ordered by Bharat Dynamics Limited from Bharat Electronics for two regiments of the upgraded Akash Weapon System (AWS). To protect sensitive areas from threats coming from low, medium, and high altitudes, an all-weather weapon system known as Akash was developed. The mobile application for the system makes use of highly mobile vehicles. Some of the innovations used include high altitude operation, simultaneous engagement of many threats over 360 degrees, missiles fitted with RF Seekers, and smaller footprints.
Other noteworthy orders include those for the Sanket MK III and Shakti EW (Naval Systems), the GBMES and GBVU Com Jammer, the MKBT, the IFF-MKXII Crypto Modules, the upgrading of the SDP and display of the Rohini Radar, the Training system for the CMS P15B, and the CAMC of the CMS for the P 28, among others. Under the direction of the Ministry of Defence, these systems were created in 1954.
Additionally, the business obtained the largest export contract from Airbus for the production and supply of radar warning receivers (RWR) and missile approach warning systems (MAWS) for the esteemed C295 aircraft programme, totaling $763 billion. According to Defence News Top 100, Year 2021, the company is ranked 56th out of the top 100 companies in the world for defence revenue.
In the past three years, Bharat Electronics has consistently increased its earnings while maintaining a healthy order book. Additionally, ICRA has assigned the Navratna firm credit ratings of AAA (Stable – Long Term) and A1+ (Short Term). A strong balance sheet, no debt, positive cash flow, and steady sales and profitability performance were all displayed by the company. It has also rewarded its shareholders with dividends, high PAT payouts, and bonus shares. On a year-over-year basis, the shares of Bharat Electronic have increased by 19.6%, giving investors a return of 54%.
Approximately nine facilities and numerous regional offices can be found in India where Bharat Electronics, a state-owned aerospace and defence company, is based. It is capable of designing, developing, manufacturing, and selling a range of strategic electronic goods and systems. In addition to being a significant player in the Indian defence industry, it is also becoming more common in the export and civil markets.