Bharat Electronics - Notes from AR 2020-21 -
- Last 5 yrs Sales, PAT,R&D and Dividend data -
Sales - 8825, 10085, 11789,12608, 13818 cr
R&D spends - 777, 988, 1077,947, 873 cr
PAT - 1548,1399,1927,1794,2065 cr
Dividend - 503,491,828,682,975 cr
- Sales in FY 20-21 were up 9 pc over previous FY. BEL achieved an export sales of $ 52 million ( aprox 390 cr ). Company has 09 manufacturing sites. PAT growth of 15 pc was achieved. Current order book stands at 53433 cr ( that’s like 4 yrs of current revenues ). Expected to receive good orders in next 2-3 yrs. Total R&D expenditure as a percentage of revenues was 6.3 pc.
- Sale of Indegenously developed products at 79 pc of total sales vs 21 pc products manufactured through ToT with foreign OEMs. Sales from defence equipment at 82 pc vs 18 pc from non defence equipment.
- Orders received during the year include - AFNET performance and security enhancement, SATCOM network, Naval fire control systems, Software defined radios, Advanced torpedo defence systems, DMRRs. Total value of orders received was 15278 cr. Total patents granted during the year were 3. With this, company now has 13 patents.
- Company strives to diversify into various other fields in order to de-risk. At the same time, Atma
Nirbhar Bharat offers immense opportunities for the company. - Segments like - radar and missile systems, comm and network centric systems, anti submarine warfare and sonar systems, tank electronics, gun upgrades, electro optic systems, EW and avionics will continue to drive company’s growth in coming years. Non defence areas of growth include- homeland security, EVMs and smart cities. Company strives to achieve leadership position in strategic electronics by continuing to invest in R&D. Company is also working on developing efficient Li-Ion batteries.
- In non-defence sector, company is working on ATC radars, smart meters, anti drone systems, range of medical and healthcare solutions, network and cyber security, space grade solar cells, satellite electronics etc.
- Execution pipeline for 2021-22 includes - LRSAMs, IACCS, CSS ( Costal surveillance system ) phase-2,Kerala finer optic network,Weapon locating radar,Integrated perimeter locating system EVMs, HUMSA UG ( a sonar system ) systems etc. Export order book for FY 22 stands at $ 125 million.
Disc : Not invested.