BEL Stock Soars 34% This Year: Is Now the Time to Invest for Big Returns?

• Bharat Electronics (BEL) stock surged 34% this year, driven by strong H1 FY26 performance and increased margins.
• The company boasts a record order book of 75,600 crore rupees, approximately three times its annual revenue, ensuring future earnings visibility.
• H1 FY26 saw 15.6% revenue growth to 10,231 crore rupees and EBITDA margin rose 220 basis points to 28.7%.
• BEL is expanding its global footprint, aiming for exports to contribute 10% of revenue in five years, and collaborating with L&T on the AMCA program.
• Trading at 34 times estimated FY28 earnings, the stock is considered reasonable given its robust order book and expected stronger H2 execution.

Why It Matters: BEL's strong order book, margin growth, and export focus make it an attractive investment despite recent gains.