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2025-10-16 11:23:52 am | Source: Motilal Oswal Financial Services Ltd
Buy Bharat Electronics Ltd for the Target Rs. 490 by Motilal Oswal Financial Services Ltd
Buy Bharat Electronics Ltd for the Target Rs. 490 by Motilal Oswal Financial Services Ltd

* We expect revenue growth of 15% YoY, led by the healthy execution of the order book of INR749b.

* Key monitorables include update on orders for subsystems and 97 LCA MK1A aircraft, execution of orders for LRSAM and EW projects, incremental share of exports, and working capital cycle.

* We expect margins to contract 290bp YoY to 27.4% on a high base.

* The status of EoI for AMCA, finalization of emergency procurement-related orders, execution of the huge backlog, and further indigenization of modules and subsystems will remain key areas of focus.

 

 

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