Edelweiss' research report on Bharat Electronics
BEL’s execution was robust in Q4FY17 with 24% YoY growth, led by execution of large value projects bagged over the past 12-15 months. This led to an impressive 18% YoY spurt in FY17 top line (2x past 10 years’ average).
Outlook
Key value driver over the next 2-3 years remains a healthy double digit growth in order book, sustainable OPMs and pick up in execution around large systems over FY17-19E. We maintain ‘BUY/SO’.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
