Overview

• BEL's Q4 FY25 EBITDA margin of 30.6% exceeded consensus estimates of 24.7%, with profits 20% above analyst expectations.
• The company reported a Rs 71,700 crore order backlog, offering strong revenue visibility, with 40% tied to key strategic projects.
• FY26 guidance includes 15% revenue growth, a 27% EBITDA margin, and Rs 27,000 crore in expected order inflows.
• The Akashteer air defense system, with 90% indigenous components, was deployed to counter drones during recent India-Pakistan tensions.
• BEL's stock has risen over 26% in the past month, with brokerages raising target prices and reaffirming 'Buy' ratings.