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Asked on - Mar 08, 2023Hindi

i have BEL Shares 600 purchased @ 101/- should i hold
Ans: Hello Vasudev,

BEL has a strong business model and hold this company for long term with long term appreciation.

You can note following points:

1) Order inflow guidance intact.
2) Revenue growth likely to be boosted from new facilities.

Revenue growth for FY23 likely at 15% and 15-20% thereafter. Gross margin for FY23 is expected to remain at similar level to that in 9MFY23 i.e. at ~42%. Expect a turnover of Rs170bn in FY23.

Capex: To incur Rs6bn of capex in FY23 and Rs6bn-8bn in FY24.

Expect an order inflow of Rs155bn in Q4FY23 as discussions are almost concluded for Rs120bn worth of orders – while an additional Rs35bn is in various stages of approval. The inflow of Rs155bn assumes ordering of: 1)
Himshakti programme of Rs33bn, ii) Atulya medium-power radar of ~Rs20bn-30bn, iii) ~Rs100bn expected from naval shipyards for radars and SONAR.

New facilities to take care of growth: Company is pursuing new facilities at: 1) Nagpur, for ammunition at capex of Rs2bn; 2) Ibrahimpatnam, for land-based EW systems; 3) Nimmaluru, for advanced night vision equipment; 4) Hyderabad, for super components at an investment of Rs1bn; and 5) Anantapur, for manufacturing and integration of big systems for defence and paramilitary segments. These facilities will be commissioned in next 2-3 years.

Export orderbook is at Rs20bn.

Please hold this company for long term for decent wealth creation.

I hope this will help you. Happy Investing...

Disclaimer: This information is only for educational purpose and it should not be taken as buy or sell recommendation. I may or may not have any position in this business while answering this question.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.


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