Bharat Electronics: Strong All-Round Performance To Continue, Says ICICI Direct

Bharat Electronics: Strong All-Round Performance To Continue, Says ICICI Direct

Attendees speak at the Bharat Electronics Ltd. Remote Controlled Weapon Station display. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Bharat Electronics Ltd. is expected to ramp up on the execution front in coming years given strong order book size and robust order inflow pipeline over the next couple of years.

The company’s strategy to diversify its revenue stream to non-defence segments would de-risk its business given concentrated exposure to defence budgets likely to auger well in long term.

The company is expected to deliver double digit revenue growth over the next two years along with sustained margins at current levels of 20-21%.

Click on the attachment to read the full report:

ICICI Direct Bharat Electronics Company Update.pdf
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