Tag Wealth Creation

Lloyds Metals and Energy Ltd
Lloyds Metals and Energy Ltd: Stock Surge, Future Potential & Industry Positioning

Business and Industry Overview: 

Lloyds Metals and Energy Ltd. is an Indian company. It works in the iron and steel business. The company started in 1977. Its main office is in Mumbai, Maharashtra. The company makes sponge iron. Sponge iron is used to make steel. Lloyds also does iron ore mining. It has a big iron ore mine in Gadchiroli, Maharashtra. This mine helps the company get raw materials at a low cost. It is based in Mumbai and is known for making sponge iron (DRI), mining iron ore, and producing pellets. The company has a strong presence in Maharashtra and supplies its products to big steel makers in India and other countries. It is listed on both BSE and NSE. Lloyds has a production capacity of 10 MTPA iron ore, 0.34 MTPA DRI, and 2 MTPA pellets (with Mandovi River Pellets). It also runs power plants with 34 MW capacity. Now, the company is entering steel production with plans to produce 1.2 MTPA long products and 3 MTPA flat products. It is also increasing its DRI capacity to 0.7 MTPA, iron ore to 25 MTPA, and pellets to 12 MTPA, step by step. These expansions will use green energy to protect the environment and lower costs. Lloyds believes in growth for everyone and helps local areas grow too. Its vision is to be a top-quality DRI producer and a low-cost leader in central India, using waste to make power. Its mission is to give good service and products, provide a safe workplace, and support community development. Lloyds is building a big steel plant. The company wants to grow more. It also wants to use clean energy. It plans to make green steel in the future. Lloyds believes in growth for all. It wants to help the people and places where it works. Growth is very important for the company. It has been growing for more than 50 years. It made one of the first sponge iron plants in Maharashtra. It also started iron ore production in the state. Now, the company wants to become a top steel maker in the world. It also wants to help India grow. 

Latest Stock News: 

Lloyds Metals & Energy’s stock has been very active and volatile in recent days. On April 8, 2025, the stock price went up by 4.56%, after falling for three days in a row. It opened with a gap-up of 6.2% and hit a high of ₹1,188.70 during the day. The stock showed a big intraday movement of 20.71%, which means there was a lot of buying and selling. The stock has done better than other companies in the same sector like steel, sponge iron, and pig iron, performing 2.33% better than its peers. It is still above its 200-day average, which is a good sign for long-term performance. But in the short term, it is below its 5-day, 20-day, 50-day, and 100-day moving averages, which means some caution is needed. Even with recent ups and downs, the company has shown strong growth over the past year. Its stock has gone up by about 77–80% in one year. This is much better than the Sensex, which went down by around 0.5% to 2% in the same time. But before April 8, the stock had a sharp fall. On April 7, it dropped by 18.13%, touching a low of ₹1,015. This was part of a sector-wide crash, where metal stocks fell sharply due to Trump’s tariff news and China’s stimulus plans, which made investors nervous. The Nifty Metal Index dropped 8.6%, hitting a new 52-week low. Many metal companies like Hindustan Copper, Nalco, and NMDC also hit their lowest levels. Still, Lloyds Metals performed better than its sector overall, even during the fall. This shows its strong market position and investor interest, despite short-term problems. 

Potentials: 

Lloyds Metals & Energy has many plans for the future. The company wants to grow fast. It will start making two types of steel — long products and flat products. It will make them in large amounts. The company will also increase the production of iron ore, sponge iron (DRI), and pellets. It will make more power using waste and clean energy. This will help save money and protect nature. 

Lloyds is also doing a big project in Gadchiroli, Maharashtra. It is building a pellet plant and a slurry pipeline. The project costs ₹3,000 crore. This project will bring big changes to the area. It will create jobs, better roads, better schools, and better hospitals. It will help women and poor people. It will also help stop Naxal problems. Prime Minister Modi and Chief Minister Fadnavis praised this work. Lloyds wants to grow with the people and help the country too. 

Analyst Insights: 

  • Market capitalisation: ₹ 61,949 Cr. 
  • Current Price: ₹ 1,184 
  • 52-Week High/Low: ₹ 1,478 / 592 
  • P/E Ratio: 40.6 
  • Dividend Yield: 0.07% 
  • Return on Capital Employed (ROCE): 78.3% 
  • Return on Equity (ROE): 56.6% 

Lloyds Metals and Energy Ltd is growing fast. In the last 3 years, its revenue went up by 196%. This means it is selling more. Its net profit went up by 2014%. This shows the company is making much more money now. The company has zero debt. It does not borrow money from banks. This is good because it has no loan to repay. It is safe from interest costs. The company’s ROCE is 78.3%. This means it earns good profit from the money used in business. It is a sign of good management. In FY24, the company made ₹1,526 crore profit. Last year, it was only ₹177 crore. This shows very strong growth. Its profit margin is 30%. For every ₹100 it earns, it keeps ₹30 as profit. This is a high margin. The company has ₹1,701 crore cash flow from its main business. This means it earns real money. Not just profit on paper. Strong cash flow is important. The company’s EPS is ₹29.72. This shows each share gives ₹29.72 profit to shareholders. It is good for investors. The stock gave better returns than other companies in the same field. It is performing well in the stock market. But there are some small problems. The P/E ratio is 40.6. This means the stock is a bit expensive. The price is high compared to the profit. It also trades at 10.4 times its book value. This is higher than normal. It means the stock is priced high. Promoters have reduced their share a little in 3 years. This may worry some investors. Also, the company’s profit changes in each quarter. It is not stable in the short term. But it is doing well overall. The company is strong. It has no debt. It has high profit. It has good growth. It gives a better return than others. So, it is a good stock for long-term investors. 

BSE ltd
BSE Ltd Announces 2:1 Bonus Share Issue: Board Approval & Market Impact

Business and Industry Overview: 

BSE Ltd., or the Bombay Stock Exchange, is one of the oldest stock exchanges in India. It was founded in 1875 by Premchand Roychand. The exchange is located on Dalal Street in Mumbai. It is Asia’s oldest stock exchange and the 6th largest in the world. As of May 2024, BSE’s market value is over US$5 trillion. BSE provides a platform for trading stocks, bonds, mutual funds, and derivatives. It allows companies to raise money by selling shares to the public. At the same time, it offers people opportunities to invest and grow their wealth. The trading system is electronic, making it safe and transparent. BSE has introduced many new services over time. In 2016, it launched India INX, India’s first international exchange. In 2018, it became the first exchange in India to offer commodity trading in gold and silver. BSE also provides services like market data, clearing, settlement, and risk management. BSE is a part of global efforts to promote sustainable investment. In 2012, it joined the United Nations Sustainable Stock Exchange initiative. Despite challenges, like a bomb explosion in its building during the 1993 Bombay bombings, BSE has continued to grow. In 2007, it was demutualized and corporatized to improve management. It was listed on the National Stock Exchange in 2017. BSE is an important part of India’s economy. It helps companies raise money and gives investors a place to trade. BSE’s main stock market index, the SENSEX, tracks the performance of 30 leading companies. BSE continues to innovate and play a key role in India’s financial growth. 

India’s stock market is a key part of the country’s economy. It allows people to buy and sell shares of companies. These shares represent a small ownership in the company. When people buy shares, they are investing their money in the company, hoping to make a profit as the company grows. There are two main stock exchanges in India: the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The BSE is the oldest stock exchange in India, established in 1875. The NSE started in 1992 and is now the largest exchange in India by trading volume. The stock market in India is regulated by the Securities and Exchange Board of India (SEBI). SEBI’s job is to ensure the market is fair. It makes sure that all investors, big and small, are treated equally. SEBI also ensures that companies follow the rules when listing shares on the stock exchanges. There are two main indexes that track the performance of the stock market in India: Sensex and Nifty. Sensex is based on 30 of the largest companies on the BSE. Nifty is based on 50 companies listed on the NSE. These indexes help investors see how the stock market is performing. Trading in the stock market is done electronically. People place buy or sell orders on a computer system. The system matches buyers and sellers automatically. This makes trading faster and easier. All trades are settled the next day in India’s stock market. India’s stock market also allows foreign investors to invest. Foreign investors can buy shares in Indian companies. They can do this in two ways: Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI). FDI is when a foreign investor buys a large stake in a company, while FPI is when they buy shares without controlling the company. There are limits on how much foreign money can go into certain industries. Retail investors, both in India and abroad, can also invest in Indian stocks through Exchange-Traded Funds (ETFs) and American Depository Receipts (ADRs). These are easier ways to invest in Indian companies without directly buying shares on the stock exchanges. Overall, India’s stock market is growing rapidly. More companies are being listed, and more people are investing. It helps businesses raise money and offers people a chance to invest in India’s growth. The market is becoming more important in the world. BSE Limited is one of the biggest stock exchanges in India. It is the oldest stock exchange, starting in 1875. While the National Stock Exchange (NSE) is bigger in terms of trading volume, BSE is still very important because it has the most companies listed. As of January 2024, BSE had 5,315 companies listed, which is more than twice the number on the NSE. BSE stays competitive by offering different types of trading, like stocks, commodities, and currencies. It also expanded globally with India INX, which helps it attract foreign investors. This makes BSE a player in the international market too. BSE is also known for being fair and transparent. It follows strict rules set by SEBI, which protects investors and ensures trust in the market. Even though NSE has more trades happening every day, BSE’s long history, more companies, and focus on fair trading help it remain competitive. In simple terms, BSE stays strong by offering more options for investors, being trustworthy, and having a long history that makes it important in the stock market. 

Latest Stock News: 

BSE Ltd’s stock has gone up a lot recently. On March 28, 2025, the price of the stock went up 12% to ₹5,225. This happened for a few reasons. First, the Securities and Exchange Board of India (SEBI) released a consultation paper. This paper suggested that all stock exchanges should limit the expiry days for equity derivative contracts to either Tuesday or Thursday. This is important because expiry days are when these contracts end, and it can affect how much people trade. This idea was good for BSE because BSE already has Tuesday as its expiry day. NSE, its competitor, was planning to change its expiry day to Monday. But now, SEBI’s proposal could stop NSE from doing that. This change helps BSE. 

In the past two days, BSE’s stock price has gone up by 17%. This is because on March 26, 2025, BSE said it would think about giving bonus shares on March 30, 2025. Bonus shares mean that current shareholders will get more shares for free. BSE had given bonus shares in the past at a 2:1 ratio. This means for every one share someone owned, they would get two extra shares. 

BSE’s stock has come back strongly after hitting a low of ₹3,682 on March 11, 2025. It has gone up by 42% since then. Earlier in the year, on January 20, 2025, the stock reached a high of ₹6,133.40. Right now, the price is ₹5,204.45, which is much higher than before. 

SEBI’s paper came out when NSE was planning to change its expiry day. This could have affected trading volumes. But now that SEBI wants to keep the expiry days for both BSE and NSE stable, it is good for BSE. BSE will stick with its Tuesday expiry day, while NSE may keep its Thursday expiry day. 

Experts believe that this change will help BSE grow. The new rule will make BSE’s market share in derivative trading stay steady. Because the expiry days for BSE and NSE will be spaced out, BSE will continue to grow in the future. 

Overall, the news is positive for BSE. It is likely to keep growing, but there may still be some concerns about future rules. But for now, BSE is on a strong path to success. 

Potentials: 

BSE Ltd. has big plans to grow. One plan is to give bonus shares to its investors. This will make shareholders feel happy and keep them interested in the company. BSE is also focusing on improving its options trading market. This is an important part of its business, as it helps BSE earn a lot of money. However, BSE is facing challenges. The National Stock Exchange (NSE) is changing its expiry day for options contracts. Instead of Thursday, it will now be on Monday. This change could hurt BSE’s business. BSE needs to find ways to stay strong in this competitive market. There are also legal problems. A court has ordered an investigation into some decisions made by past BSE officials. This issue could harm the company’s reputation. Also, there are worries about new rules that may affect BSE’s operations. Despite these challenges, BSE is not giving up. It is working hard to improve its services and keep growing. The company is making plans to face the difficulties ahead. By doing this, BSE hopes to remain strong in the future. 

Analyst Insights: 

  • Market capitalisation: ₹ 75,043 Cr. 
  • Current Price: ₹ 39.0 
  • 52-Week High/Low: ₹ 75.6 / 38.8 
  • Stock P/E: 24.3 
  • Dividend Yield: 0.00%
  • Return on Capital Employed (ROCE): 5.41%
  • Return on Equity (ROE): 9.98%

BSE Ltd. is one of the oldest stock exchanges in Asia, and it has been around for over 140 years. It is a strong and trusted company. BSE does not have debt, which is good because it doesn’t owe money. This makes it safer for investors. The company is growing well. Its profit has been increasing a lot. In the last quarter, BSE made more money than before. This shows it is becoming more successful. The company also gives back some of its profits to shareholders. This is called a dividend, and BSE’s dividend payout is about 57%, which is healthy. BSE is very fast. It can complete trades in just 6 microseconds, making it one of the fastest exchanges in the world. This speed helps BSE stay ahead of others. It also offers many trading options, like stocks, bonds, and derivatives. This makes BSE an important player in the market. Even though the price of BSE’s stock is high compared to its earnings, the company’s strong position in the market makes it a good investment for the long term. Overall, BSE is a stable, growing company with a good future, making it a smart choice for investors. 

Anand Rathi Wealth Ltd
Anand Rathi Wealth: Market Leader in Wealth Management, Stock Drops 8% on 1:1 Bonus Issue Ex-Date

Business and Industry Overview: 

Anand Rathi Wealth Limited (ARWL) is a financial services company that helps wealthy individuals grow and manage their money. It is listed in the NSE 500 and has been in the wealth management business since 2002. The company focuses on creating, protecting, and smoothly transferring wealth. It follows a structured, data-backed, and transparent investment approach. 

ARWL provides wealth creation, risk management, tax planning, and estate planning services. It stands out for its clear and objective financial strategies. The company uses data analytics to make informed decisions and ensures transparency and integrity in all dealings. 

ARWL has a strong presence in 18+ locations across India and an international office in Dubai to serve global clients. The company’s relationship managers have an average tenure of 8.8 years, ensuring expertise and long-term client support. With a strong work culture and a client-first approach, ARWL makes wealth management simple, structured, and stress-free. 

India’s wealth management industry is growing fast. It is expected to grow 12-15% every year for the next five years. Earlier, people invested mostly in gold and real estate, but now they prefer financial investments. Many people from small cities and towns are also investing. More people are using online platforms and robo-advisors to manage their money. 

Wealthtech is making investments easy. It includes digital brokers, AI-based tools, and financial apps. The number of high-net-worth individuals (HNIs) is increasing, and they want better financial planning. Many people now choose managed investments because experts handle their money and reduce risks. 

However, not many Indians invest in financial products. Less than 5% of working people invest in mutual funds. This shows huge growth potential. The government and SEBI are making rules to help more people invest safely. Hybrid models that mix technology with personal advice are also becoming popular. 

With a strong economy, better digital access, and growing awareness, India’s wealth management industry will expand even more in the future. 

Anand Rathi Wealth Limited holds the largest market share of 40% in its segment. Feroze has created 3,701 financial products, out of which 1,584 have matured with an average return of 14.9% (IRR). About 94% of these matured products have successfully delivered the expected returns. 

Latest Stock News: 

Anand Rathi Wealth Limited announced a 1:1 bonus share issue, setting March 5, 2025, as the record date for eligibility. The 41.51 million bonus shares, each valued at ₹5, will be allotted on March 6, 2025, at no extra cost to shareholders. The proposal received approvals from shareholders, NSE, and BSE after being announced on January 13, 2025. This is the company’s first-ever bonus issue. 

Following this, the company’s stock fell 8% to ₹1,870 on the BSE on March 5, as it turned ex-date for the bonus issue. By 11:33 AM, it was down 5.5% at ₹1,919, while the BSE Sensex rose 0.83%. The stock had hit a 52-week low of ₹1,691.08 on January 28, 2025. On March 6, 2025, the stock was trading at ₹1,856.30, down 2.08%, with a day range of ₹1,846.00 to ₹1,907.95 and a 52-week high of ₹2,323.00. 

Over two trading days, the stock declined 10% after the company disclosed that its promoters sold 250,000 shares (0.6% stake) in the open market. Anand Rathi (100,000 shares) and Navratan Mal Gupta HUF (100,000 shares) sold shares on February 27, while 50,000 shares were sold on March 3, 2025. 

Anand Rathi Wealth is a leading wealth management firm serving high and ultra-high-net-worth individuals, with a presence in 17 Indian cities and a Dubai office. The management expects 20-25% growth in the coming years, supported by India’s economic expansion and increasing financialisation. 

For April-December FY25, the company reported ₹739 crore revenue (33% YoY growth) and ₹227 crore profit (34% YoY growth). Its assets under management (AUM) surged 39% YoY to ₹76,402 crore, and 1,785 new client families joined in the past year, bringing the total to 11,426 families. 

Potentials: 

Anand Rathi Wealth has strong potential for growth. It can expand by getting more clients, opening offices in new cities, and offering more financial services. The company wants to manage more money by adding new investors and increasing investments in equity mutual funds. It has a strong network across India and Dubai, with a team of experienced professionals. Employee turnover is low, which helps in keeping good relationships with clients. The company has won many awards for its work. Its goal is to be a leader in investment advisory and the first choice for clients. It aims to offer smart financial solutions that meet changing market needs. With a clear plan and strong leadership, Anand Rathi Wealth is in a good position to grow in the coming years. 

Analyst Insights: 

  • Market capitalisation: ₹ 15,436 Cr. 
  • Current Price: ₹ 1,859 
  • 52-Week High/Low: ₹ 2,323 / 1,691 
  • P/E Ratio: 54.5 
  • Dividend Yield: 0.37 % 
  • Return on Capital Employed (ROCE): 50.7 % 
  • Return on Equity (ROE): 40.3 % 

Anand Rathi Wealth has been growing well. Its profit has increased by 30.9% every year in the last five years. It has a strong return on equity (ROE) of 40.3%. This means the company uses its money well. Its return on capital employed (ROCE) is 50.7%, showing it is making good profits from its business. The company pays good dividends, giving 30.6% of its profits to shareholders.   

Right now, the stock price is ₹1,859. It is close to its lowest price of ₹1,691 in the last year. The highest price in the last year was ₹2,323. The stock is expensive because it trades at 27.8 times its book value. Its P/E ratio is 54.5, meaning investors are paying a high price compared to its earnings. The company is taking more time to manage its cash. Earlier, it took 115 days, but now it takes 201 days.   

The company is expected to do well in the coming months. But the stock price is high. People who already have the stock can hold it. New investors should wait for a lower price before buying. 

Coal India Ltd
Coal India Ltd: Strong Potential, 30% Below ATH, Best Long-Term Picks

Business and Industry Overview

Coal India Limited (CIL) is the world’s largest coal producer. It was established in November 1975 & is classified as a ‘Maharatna’ enterprise under the Ministry of Coal, which means it has operational and financial autonomy. The company is headquartered in Kolkata and operates across eight Indian states. It has a total of 313 active mines, including 131 underground, 168 opencast, and 14 mixed mines. CIL has twelve subsidiaries and five joint venture companies that oversee the coal production across India.  

India aims to achieve a $5 trillion economy by 2025–26, with the coal sector playing a crucial role in ensuring energy security and driving economic growth, particularly in support of the thermal power sector. As the second-largest coal producer in the world, India produced 997.25 million tonnes (MT) of coal in 2023-24, reflecting an 11.65% increase. Coal India Limited contributed 773.647 MT, achieving a growth rate of 10.02%, while the Singareni Collieries Company Limited produced 70.02 MT, with a growth rate of 4.30%. Increased coal demand is anticipated from the electric vehicle sector and the chemicals industry as well. 

India may be pushing for a greener future, but coal still powers 72% of its electricity needs. As global narratives focus on renewables, coal is still responsible for 49% of India’s installed power capacity and generates over 70% of the country’s electricity. Coal India Limited (CIL) is the largest coal producer globally, supplying around 82% of India’s coal output and fulfilling 40% of energy needs. India is also working to minimise coal imports, with thermal coal imports decreasing by about 2% in 2024 due to enhanced domestic production and high inventory levels. Geopolitical factors are affecting global coal trade, with potential increases in U.S. coal exports to India. Despite ongoing efforts to diversify energy sources, coal continues to be a key component of India’s energy strategy, especially in the context of economic growth and environmental considerations. 

Latest Stock News

Southeastern Coalfields Limited (SECL), a subsidiary of Coal India Limited, has increased its budget for corporate social responsibility (CSR) activities, allocating ₹170 crore for the fiscal year 2025. This is an increase from the previous statutory budget of ₹99.76 crore. SECL operates 64 coal mines, with 39 located in Chhattisgarh and the remainder in Madhya Pradesh. The funding will primarily focus on improving health, education, and skill development in the region, with projects expected to be implemented over the next 2 to 3 years.  

Additionally, SECL signed a Memorandum of Understanding (MoU) worth ₹77 crore in 2025 for these initiatives. Among the notable projects is the provision of a 3.0 Tesla MRI machine for the Late Bisahu Das Mahant Memorial Medical College in Korba, which will cost approximately ₹28.08 crore. SECL is also earmarking ₹30.92 crore in financial assistance to the Vidisha district administration in Madhya Pradesh to address malnutrition and stunting, as well as screening for anemia and sickle cell anemia. 

In the October to December quarter of the financial year 2024-25, Coal India reported a net profit of ₹8,491.22 crore, reflecting a 17.5% decline compared to ₹10,291.71 crore in the same quarter the previous year. 

 On a sequential basis, the profit after tax (PAT) surged by 35% compared to the ₹6,289 crore reported in the second quarter of FY25. The company’s topline also increased by 17%, rising from ₹30,672 crore in the July-September quarter. 

On Monday, the state-run miner announced a 17% year-on-year decrease in its consolidated net profit for the December quarter, which stood at ₹8,506 crore compared to ₹10,253 crore in the same period last year. However, the profit after tax exceeded market expectations, which were estimated at ₹8,083 crore. 

Potentials

CIL’s coal production increased by 2% from last year to 543 million tonnes, but land issues and heavy rainfall affected growth. As a result, CIL has lowered its production target for FY25 to about 806 million tonnes, down from an earlier estimate of 838 million tonnes. Despite this, CIL aims to reach a target of 1,000 million tonnes by FY27, with a growth rate of about 6% annually to reach 925 million tonnes. 

CIL is also expanding its business beyond traditional coal mining. It is working on coal gasification projects with BHEL and GAIL, supported by about ₹1,350 crores in financial incentives for each project. CIL has signed an agreement with BPCL to create a coal-to-synthetic natural gas project and is investing in thermal power generation and renewable energy projects like Mahanadi Basin Power Ltd. Additionally, CIL is exploring opportunities to acquire and mine critical minerals in both domestic and international markets. These initiatives are expected to benefit CIL in the long run.The company is nearly debt-free.  

Coal India is anticipated to report a year-on-year (YoY) decline in its net profit for the quarter ending December 2024, primarily due to reduced realizations from weaker e-auction premiums. The board of directors will meet today, January 27, to review and approve the financial results for the third quarter of FY25.  

While a YoY drop in net profit is expected, there may be sequential growth compared to the previous quarter. Revenue for Q3 FY25 is projected to decrease YoY but increase sequentially. Flat volumes, lower blended realizations, and a slight rise in costs are expected to negatively impact operating profit.  

Additionally, Coal India’s board may consider declaring the second interim dividend for the fiscal year 2024-25. The record date for the dividend is set for January 27, 2025. Ahead of the Q3 results announcement, Coal India’s share price was trading down by one percent on Monday. 

Analyst Insights

The market capitalisation of Coal India Limited stands at ₹2,20,472 crore. The stock has a price-to-earnings (P/E) ratio of 6.34 and a book value of ₹156. Investors can expect a dividend yield of 7.19%. Additionally, the return on capital employed (ROCE) is an impressive 63.6%, while the return on equity (ROE) is 52.0%.The stock offers a solid dividend yield of 7.14%. The company has an impressive track record of return on equity (ROE), with a 3-Year ROE of 52.8%. Additionally, it has maintained a healthy dividend payout ratio of 49.8%. 

Coal India presents a strong investment opportunity with a dividend yield of 7.19%, making it attractive for income-focused investors. Its low P/E ratio of 6.34 suggests that the stock may be undervalued compared to its peers. The company’s high return on capital employed (ROCE) of 63.6% and return on equity (ROE) of 52.0% reflect efficient capital utilization and strong profitability. Additionally, Coal India has a consistent dividend payout ratio of 49.8%, providing stable returns for investors. 

However, there are potential risks to consider. Being a public sector unit (PSU), Coal India is dependent on government policies, which exposes it to regulatory risks. Furthermore, environmental concerns and the ongoing transition to renewable energy sources pose long-term risks for coal demand. The cyclical nature of commodities also means that prices and demand for coal can fluctuate significantly.  

In conclusion, the recommendation is to BUY if you are a dividend investor looking for stable cash flows and undervalued stocks. Alternatively, consider HOLDING if you already own the stock, as its fundamentals remain strong but long-term risks are present. 

Bharat Electronics Ltd Q3 FY25 Results
Bharat Electronics Ltd Q3 FY25 Results: Profit Surges 52.51% YoY to ₹1,310.95 Crore

Bharat Electronics Ltd: Overview 

Bharat Electronics Ltd. (BEL) is a leading public sector enterprise in India, primarily focused on the design, development, and manufacturing of electronic products for the defence and aerospace sectors. Established in 1954, BEL is a pioneer in the development of state-of-the-art electronic products and systems for defence, communication, and surveillance, among other sectors. The company has diversified into various business areas, including radar systems, sonar systems, communication equipment, and tactical systems. As an integral player in India’s defence and security infrastructure, BEL collaborates with the Ministry of Defence (MoD) and other government bodies to manufacture cutting-edge electronic systems. The defence sector remains the backbone of BEL’s operations, with a significant portion of its revenue generated through defence contracts. However, the company has also been increasingly focusing on non-defence sectors such as civilian electronics, smart cities, and renewable energy, positioning itself to tap into the growing demand for advanced electronics in India’s infrastructure development. The outlook for BEL is favourable, driven by the continued modernization of India’s defence capabilities, increasing government spending on defence technologies, and a growing emphasis on “Make in India” initiatives. The global defence and aerospace industries also present ample opportunities for growth, as BEL continues to expand its footprint beyond India’s borders. The industry is likely to witness further technological advancements, creating environment for BEL’s continued growth and innovation in electronic systems. 

Latest Stock News 

Bharat Electronics Limited (BEL) has secured additional orders worth ₹531 crore since its last disclosure on January 13, 2025. The major orders include an advanced composite communication system for ships, communication equipment, medical electronics, electro-optics, and active radar homing heads for missiles, classroom jammers, spares, and services. With these new orders, BEL’s total accumulated orders for the current financial year now stand at ₹10,893 crore. The company’s revenue composition remains heavily skewed towards the Defence sector, contributing 90%, while the non-Defence segment accounts for the remaining 10%. As the largest Defence electronics company in India, BEL is well-positioned to secure a higher market share in upcoming Defence tenders. Bharat Dynamics Limited (BDL), which specializes in missile production, has been facing challenges related to the supply of electronic components, and BEL is now considering leveraging its in-house R&D capabilities to support BDL. In the current financial year, BEL is set to execute LRSAM orders worth ₹1,600 crore, with an additional ₹2,000-3,000 crore to be executed over the next four to five years. Furthermore, in the next two months, BEL is on track to secure orders worth ₹11,000 crore, which are currently in progress, bringing it closer to achieving its order book target of ₹25,000 crore for the financial year. 

Business Segments

  • Defence Electronics: The Defence Electronics segment is the cornerstone of BEL’s business, contributing a substantial portion to its revenue. BEL designs and manufactures a wide range of systems such as radar systems, sonar systems, communication equipment, and avionics for the Indian Armed Forces. As India’s defence modernization program accelerates, the demand for sophisticated defence electronics continues to rise, providing BEL with numerous opportunities to expand its product portfolio and improve operational capabilities. 
  • Aerospace: The Aerospace segment at BEL focuses on providing specialized electronic systems for both defence and civilian aerospace applications. The company manufactures components for aircraft and satellite systems, along with radar and avionics systems used in airborne platforms. BEL’s expertise in aerospace electronics has positioned it as a key player in India’s space mission projects, where it contributes to the development of satellite systems and ground support equipment. 
  • Communication Systems: BEL’s Communication Systems segment is responsible for developing a wide array of advanced communication equipment, including tactical communication systems, secure communication solutions, and satellite communication devices. This segment plays a crucial role in providing communication solutions for defence, law enforcement, and public safety sectors. 
  • Electronic Warfare & Surveillance: BEL is a leading provider of electronic warfare systems and surveillance technologies to the Indian Armed Forces. This segment specializes in radar systems, intelligence gathering, and countermeasure technologies that enhance defence capabilities. The company continues to innovate in this field by developing next-generation radar and surveillance systems that are critical for national security. 

Subsidiary Information

  • BEL Optronic Devices Ltd. (BELOP): BEL Optronic Devices Ltd. is a wholly-owned subsidiary of Bharat Electronics Ltd., primarily focused on the development and manufacturing of opto-electronic and night vision products. BELOP’s products include thermal imaging systems, sighting devices for defence platforms, and surveillance equipment. The subsidiary plays a key role in expanding BEL’s product offerings in the field of optical and infrared technologies. 
  • BEL Multinational Ltd. (BEML): BEL Multinational Ltd. focuses on the international markets and plays a pivotal role in expanding BEL’s global presence. This subsidiary is tasked with exploring export opportunities and managing overseas sales and partnerships. As part of BEL’s strategy to strengthen its international footprint, BEML is crucial in driving global revenue and establishing partnerships in defence electronics and communication systems. 
  • Nuclear Electronics Ltd. (NEL): Nuclear Electronics Ltd. is a key subsidiary involved in providing electronic systems for India’s nuclear power and defence sectors. NEL’s focus is on the development of radiation detection and monitoring systems, nuclear reactor control systems, and electronic devices used in nuclear energy production.  
  • BEL Software Ltd. (BESL): BEL Software Ltd. is a subsidiary focused on the software development side of BEL’s product offerings. BESL specializes in creating software solutions for various BEL products, including defence systems, communication networks, and aerospace technologies. As the demand for software-enabled systems in defence and aerospace sectors grows, BESL plays a critical role in ensuring that BEL’s products meet the increasing complexity and technological requirements of modern defence and communication systems. 
  • Naval Systems and Sensors Division (NSSD): The Naval Systems and Sensors Division, while not a separate legal subsidiary, operates as a key division under Bharat Electronics Ltd. that focuses on providing advanced naval defence systems. This division manufactures and integrates sensors, radars, communication systems, and combat management systems specifically designed for naval platforms. 

Q3 FY25 Earnings 

  • Revenue of ₹5571 crore in Q3 FY25 up by 36.8% YoY from ₹4162 crore in Q3 FY24.  
  • EBITDA of ₹1669 crore in this quarter at a margin of 29% compared to 26% in Q3 FY24. 
  • Profit of ₹1312 crore in this quarter compared to a ₹860 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 4162 5771 17734 20268 
Expenses 3090 4101 13645 15217 
EBITDA 1072 1669 4090 5051 
OPM 26% 29% 23% 25% 
Other Income 167 186 2810 670 
Net Profit 860 1312 2986 3985 
NPM 20.1% 22.7% 16.8% 19.7% 
EPS 1.2 1.8 4.1 5.5 
Dabur India Ltd Q3 FY25 Results
Dabur India Ltd Q3 FY25 Results: Net Profit Rises 1.8% to ₹515.82 Crore and FMCG Growth

Dabur India Ltd: Overview 

Dabur India Ltd. is one of India’s leading consumer goods companies with a strong presence in the FMCG (Fast-Moving Consumer Goods) sector. Established in 1884, the company is known for its Ayurvedic and natural healthcare products. It has a diversified portfolio across healthcare, personal care, home care, and food & beverages. With a strong distribution network spanning India and global markets, Dabur has solidified its position as a key player in the industry. The company’s primary offerings include well-known brands such as Dabur Chyawanprash, Dabur Honey, Dabur Amla, Vatika, and Real fruit juices, all of which have established themselves as household names across India and in international markets. Dabur is particularly distinguished by its focus on leveraging Ayurvedic knowledge and natural ingredients in its product formulations, positioning itself as a pioneer in the Ayurvedic FMCG sector. With a significant presence in over 100 countries, Dabur has expanded its footprint globally, especially in markets such as the Middle East, Africa, and Southeast Asia, capitalizing on the increasing global demand for herbal, organic, and wellness-focused products. The company also invests heavily in research and development to ensure innovation and high-quality standards in its offerings. Dabur’s ability to adapt to changing consumer preferences, coupled with its strong distribution network, has enabled it to maintain a competitive edge in the fast-growing FMCG market. The company operates in over 120 countries, with significant revenue contributions from the Middle East, Africa, South Asia, and the United States. 

Latest Stock News 

Dabur has reported strong performance across various segments in the recent quarter. In oral care, both the Red franchise and Meswak brands performed well, continuing to gain market share. The gels portfolio within the “freshness” segment saw double-digit growth. In hair care, hair oils grew by 3.1%, gaining 150 basis points in market share, while the shampoo category outperformed the overall market and gained approximately 20 basis points. In homecare, Odonil achieved double-digit volume growth, with its aerosol and gel variants performing particularly well, resulting in a 101 basis point market share gain in air fresheners. On the other hand, Odomos faced a muted performance due to a slowdown in the category but outperformed the segment and gained 574 basis points in the MRC segment. Sanifresh also posted double-digit growth. In skincare, the Gulabari franchise showed strong performance with high single-digit growth. In health supplements, unfavourable weather conditions impacted performance, though Chyawanprash continued to lead the market and gained 139 basis points in market share. Digestives saw Hajmola achieve mid-single-digit growth in both candy and tablet formats, with extensions and variants contributing over 15% to the franchise. In OTC & Ethicals, key brands like Honitus, Shilajit, health juices, and women’s health tonics performed well. In foods, the segment maintained its growth momentum with a 30% year-on-year increase, driven by key categories such as homemade paste, coconut milk, oil & ghee, tomato puree, and Lemoneez. Badshah also continued its strong growth trajectory, recording double-digit volume growth and market share gains. Beverages faced challenges in the J&N category due to muted festive season demand and increased competitive intensity driven by price changes. Real gained 318 basis points in market share, with several internal initiatives planned to accelerate future growth. 

Business Segments

  • Health Care: It includes many product categories in its portfolio like Dabur Chyawanprash, Honey, Pudin Hara, Dabur Lal Tail, etc. which is huge brands in India and they all are used for consumers’ health benefits and healthy routines. This segment is a core business contributes about 31-35% of Dabur’s revenue. 
  • Personal Care: It is used by many consumers as daily routine for their personal care, the products like Dabur Amla, Dabur Red Paste, and Vatika. And there are other international brands of Dabur which has presence outside India for personal care, oral care, skin or hair care, etc. 
  • Food & Beverages: This segment includes a very popular packaged soft drink brand called Real, its yearly turnover is more than ₹1000 crore. And the Badshah Masala brand, which is a huge private company is acquired 51% stake for ₹590 crore. 
  • Geography: The international business accounts for almost 25% revenue of the company. The geography distribution of International market is Middle East- 24%, Africa- 24%, Europe- 15%, America- 15% and Asia-22%. 

Subsidiary Information

  • Dabur International Ltd: Dabur International Ltd. is one of the key subsidiaries of Dabur India, responsible for the company’s operations in international markets. The subsidiary focuses on the production and marketing of Dabur’s range of health, personal care, and food products in these regions. Its product portfolio includes hair oils, skincare products, and Ayurvedic health supplements, with a strong emphasis on natural and herbal offerings. 
  • Dabur Nepal Pvt Ltd: Dabur Nepal Pvt Ltd. is a wholly-owned subsidiary of Dabur India that serves as a vital part of Dabur’s operations in Nepal. The company is responsible for managing Dabur’s products in Nepal and acts as a strategic hub for the regional markets. Dabur Nepal manufactures and markets a variety of products, including Ayurvedic medicines, personal care, and food items, catering to the local market’s demands. 
  • Dabur Egypt Ltd: Dabur Egypt Ltd. operates as Dabur India’s subsidiary in Egypt, focusing on expanding the company’s footprint in the North African region. The subsidiary markets a broad spectrum of Dabur products, including hair care products, skin care items, and health supplements, catering to local consumer needs. Dabur Egypt has leveraged its expertise in Ayurveda to introduce products that align with regional preferences for natural and herbal ingredients.  
  • Hamdard Laboratories (India): Hamdard Laboratories (India) is a well-known subsidiary of Dabur India, following Dabur’s acquisition of a controlling stake in the company. Hamdard Laboratories is a key player in the herbal healthcare market and operates under the Hamdard brand, which has a strong reputation for its traditional Unani medicines and herbal products.  
  • Dabur India Ltd. (Turkey): Dabur India Ltd. also operates in Turkey through its subsidiary, Dabur Turkey, where it primarily focuses on marketing and distributing health, personal care, and food products. Dabur Turkey aims to provide consumers with a wide range of herbal and Ayurvedic products that align with the growing global demand for natural wellness. 

Q3 FY25 Earnings 

  • Revenue of ₹3355 crore in Q3 FY25 up by 3.08% YoY from ₹3255 crore in Q3 FY24.  
  • EBITDA of ₹682 crore in this quarter at a margin of 20% compared to 20% in Q3 FY24. 
  • Profit of ₹516 crore in this quarter compared to a ₹506 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 3255 3355 11530 12404 
Expenses 2588 2673 9367 10004 
EBITDA 667 682 2162 2400 
OPM 20% 20% 19% 19% 
Other Income 127 129 445 482 
Net Profit 506 516 1701 1811 
NPM 15.5% 15.4% 14.8% 14.6% 
EPS 2.9 2.95 9.6 10.4