Rs 71,650 crore order book & Rs 528 crore orders received: Multibagger defence stock hits all-time high; Can it overtake NTPC Ltd in terms of market cap?
The stock gave multibagger returns of 470 per cent in 3 years and a whopping 1,370 per cent in 5 years.
A prominent multibagger defence stock has today achieved an all-time high, with a current market capitalisation of approximately Rs 3.19 lakh crore, calculated from its 7,30,97,78,829 outstanding shares at a day high of Rs 435.95 per share. This places it close to NTPC Ltd, whose market capitalisation stands at approximately Rs 3.25 lakh crore based on its 9,69,66,66,134 shares at a day high of Rs 335.50 per share. While the defence stock's impressive surge indicates strong investor confidence and highlights the robust growth in the Indian defence sector driven by indigenisation and increased orders, its ability to consistently.
The all-time high defence stock is Bharat Electronics Ltd (BEL)
On Tuesday, shares of Bharat Electronics Limited (BEL) gained 3.4 per cent to an all-time high of Rs 435.95 per share from its previous closing of Rs 421.70 per share. The stock also made a new 52-week high of Rs 435.95 per share and its 52-week low is Rs 240.15 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE.
Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs 528 crore since the last disclosure on June 20, 2025. Major orders received include Radars, communication equipment, EVMs, jammers, shelters, control centre, spares, services, etc.
Earlier, BEL secured additional orders worth ₹585 crore. These significant new orders encompass a range of defence equipment, including fire control and sighting systems for missiles, communication equipment, jammers, and contracts for spares and services. This follows substantial earlier successes, such as the Rs 2,323 crore in orders received from Mazagon Dock Shipbuilders Ltd and Garden Reach Shipbuilders & Engineers Ltd for missile system spares destined for Indian Naval ships. Additionally, BEL had previously secured another Rs 537 crore in orders for various defence equipment, further solidifying its strong position in the sector.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
About the Company
Navratna Defence PSU Bharat Electronics Limited (BEL), established in 1954, is a prominent Indian government-owned company under the Ministry of Defence. They specialise in manufacturing cutting-edge electronic products and systems for the Indian armed forces, encompassing areas like radars, missile systems, communication technologies, electronic warfare systems, avionics for aircraft, naval systems, and even tank electronics. While their primary focus is defence, BEL also has a limited presence in the civilian market, offering solutions in cybersecurity, e-mobility, railways, e-governance and more.
During FY 2024-25, the company achieved a Turnover of Rs 23,024.10 crore, marking a growth of 16.17 per cent compared to the previous year's Turnover of Rs 19,819.93 crore, with the fourth quarter contributing Rs 8,850.42 crore against Rs 8,335.01 crore in the corresponding period. Furthermore, the Profit After Tax (PAT) for the fiscal year stood at Rs 5,288.25 crore, reflecting a growth of 31.55 per cent over the previous year's PAT of Rs 4,020 crore, while the fourth quarter PAT increased to Rs 2,104.78 crore from Rs 1,783.52 crore.
The company has a market cap of over Rs 3 lakh crore and has been maintaining a healthy dividend payout of 39 per cent. The company’s order book stands at Rs 71,650 crore as of April 01, 2025. In March 2025, FIIs bought 1,53,68,938 shares and increased their stake to 17.56 per cent compared to December 2024.
The company's shares have an ROE of 29 per cent and an ROCE of 39 per cent. The stock gave multibagger returns of 470 per cent in 3 years and a whopping 1,370 per cent in 5 years. The stock, which traded at a mere Rs 0.25 in 1999, has experienced exponential growth, delivering a mind-boggling 1,74,300 per cent return to its investors.
Can it overtake NTPC Ltd in terms of market cap? Do let us know your thoughts in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.