Bharat Electronics

500049: Recent Defence Orders And Partnerships Will Support Future Performance

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

07 Nov 24

Updated

14 Dec 25

Views

157

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

36.6%

7D

2.9%

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1Y

36.6%

7D

2.9%

You can edit this narrative until Dec 15 12:05 PM. Then, changes will post as Updates.

Author's Valuation

₹462.8513.7% undervalued

AnalystConsensusTarget Fair Value

Shared on 14 Dec 25

500049: Defence And Aerospace Orders Will Drive Strong Upside Ahead

Analysts have modestly raised their price target on Bharat Electronics by Rs 0.00, reflecting slightly higher assumed discount rates and future earnings multiples, while keeping core growth and margin expectations broadly unchanged. What's in the News Bharat Electronics has secured additional defence and allied orders worth INR 8,710 million, including fire control systems, thermal imagers, ground support equipment, upgrades, spares and services (company disclosure).

Shared on 29 Nov 25

Fair value Increased 0.90%

500049: New Defence Orders Will Drive Upward Momentum Over Coming Year

Analysts have slightly increased their price target for Bharat Electronics from ₹458.74 to ₹462.85. This reflects marginal improvements in fair value estimates based on updated model inputs.

Shared on 15 Nov 25

Fair value Increased 5.54%

500049: Order Wins And Margin Expansion Will Sustain Measured Outlook

Analysts have raised their price target for Bharat Electronics from ₹434.67 to ₹458.74. They cite improvements in profit margin and a lower discount rate as key factors in their updated valuation.

Shared on 31 Oct 25

Fair value Increased 1.02%

Analysts have modestly raised their price target for Bharat Electronics from ₹430.29 to ₹434.67. This change reflects updated assessments of the company's long-term value drivers.

Shared on 01 May 25

Fair value Increased 24%

Shared on 23 Apr 25

Fair value Increased 0.45%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 2.89%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 19%

AnalystConsensusTarget has decreased revenue growth from 17.6% to 15.7%.

AnalystConsensusTarget Fair Value

₹462.85

13.7% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

16.68%

Aerospace & Defense revenue growth rate

0.52%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

13.75%

Calculation

₹90.04b

Earnings '28

x

55.09x

PE Ratio '28

=

₹4.96t

Market Cap '28

₹4.96t

Market Cap '28

/

7.30b

No. shares '28

=

₹679.88

Share Price '28

₹679.88 Share Price '28

Discounted to 2025 @ 13.68% p.a.

=

₹462.83

Fair Value '25