Bharat Electronics Limited (BEL) and three other stocks have a robust order book totaling up to ₹74,500 crore, making them worth monitoring closely
Bharat Electronics Limited – Stocks with a strong order book and robust financials are indicative of companies with consistent growth potential. Companies that have achieved over 15% year-over-year growth in revenue and net profit are positioned for long-term stability and returns. Keep a close watch on firms such as Bharat Electronics Limited, NBCC (India) Limited, ITD Cementation India Limited, and Solar Industries India Limited.
Below are some stocks that exhibit a strong order book and robust financials, with more than 15% year-over-year growth in revenue and net profit:
1. Bharat Electronics Limited
Bharat Electronics Limited (BEL) has a market capitalization of Rs. 2,05,258.59 crore, with shares trading at Rs. 280.60 per equity share, a slight decrease from the previous day’s closing price of Rs. 282.
As of October 1, 2024, BEL’s order book stood at Rs. 74,595 crores. In the first half of FY25, the company secured order inflows totaling Rs. 7,500 crore and aims to achieve a total order inflow of Rs. 25,000 crore by the end of the fiscal year. BEL’s revenue increased from Rs. 4,009 crore in Q2 FY24 to Rs. 4,605 crore in FY24, a growth of 14.87%. The company’s net profit also saw a significant increase of 38.35%, rising from Rs. 790 crore in FY23 to Rs. 1,093 crore in FY24.
Founded in 1954 and headquartered in Bangalore, Karnataka, Bharat Electronics Limited is a key player in aerospace and defense electronics. Operating under the Ministry of Defence of India, BEL has achieved Navratna status.
2. NBCC (India) Limited
NBCC (India) Limited has a market capitalization of Rs. 24,030 crore, with shares closing at Rs. 88
NBCC (India) Limited has a consolidated order book totaling Rs. 84,400 crore, with Rs. 70,403 crore held by the company itself. This includes contributions of Rs. 8,093 crore from HSCL, Rs. 5,915 crore from another HSCL unit, and Rs. 200 crore from NSL.
Established in 1960, NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company operates in three key segments: project management consultancy, engineering procurement & construction, and real estate. In the second quarter of FY24, the company’s revenue increased from Rs. 2,059 crore to Rs. 2,459 crore, marking a 19.43 percent growth. Additionally, the net profit rose by 52.44 percent from Rs. 82 crore in FY23 to Rs. 125 crore in FY24.
Moving on to ITD Cementation India Limited, the company boasts a market capitalization of Rs. 8,922.65 crores. The shares closed at Rs. 519.40 per equity share, showing a slight decrease of around 0.31 percent from the previous day’s closing price of Rs. 521.
As of September 2024, ITD Cementation India Limited holds a strong order book of Rs. 17,986 crore. The company secured new orders worth Rs. 3,850 crore in FY25, catering to a diverse clientele that includes government (50%), PSU (11%), and private sector (39%). In terms of financial performance, the company’s revenue increased from Rs. 1,610 crore in Q2 FY24 to Rs. 1,991 crore in FY24, reflecting a growth of 23.66 percent. The net profit also saw a significant increase of 33.33 percent from Rs. 54 crore in FY23 to Rs. 72
Solar Industries India Limited, with a market capitalization of Rs. 87,008.90 crores, saw its shares close at Rs. 9615.30 per equity share, a slight decrease of around 0.08 percent from the previous day’s closing price of Rs. 9622.55.
As of September 2024, Solar Industries India Limited has maintained an order book of Rs. 5,757 crore, which includes orders from defense and CIL & SCCL.
The company’s revenue has shown significant growth, increasing from Rs. 1,347 crore in Q2 FY24 to Rs. 1,716 crore in FY24, marking a 27.39 percent increase. Additionally, the net profit has seen a substantial rise of 45.45 percent, climbing from Rs. 209 crore in FY23 to Rs. 304 crore in FY24.
Established in 1995, Solar Industries India Limited (SIIL) has emerged as the leading manufacturer of industrial explosives in India. The company boasts a market share of approximately 30% in the Indian explosives market and operates the world’s largest manufacturing facility for packaged explosives.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.