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