Bharat Electronics Limited · NSE:BEL
Bharat Electronics — Analyst Meet 2021
37 slides from Bharat Electronics's conference presentation, Sep 28, 2021
Slide 1: Cover letter to National Stock Exchange
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Slide 2: Analyst Meet - 2021
Analyst Meet - 2021 Bharat Electronics Limited 28th Sep, 2021
Slide 3: BEL Overview
BEL Overview Navratna PSU Facilities • Established in 1954 under Ministry of Defence • R&D / Technology driven Company operating in Strategic Electronics in Defence & non defence segments • Nine Factories all over India having 24 Strategic Business Units • 61st among top 100 Companies Worldwide in D
Slide 4: Business Segments
Business Segments 1. Radar & Fire Control Systems 2. Weapon Systems 3. Communication 4. Electronic Warfare & Avionics 5. Network Centric Systems 6. Anti submarine Warfare 7. Electro-Optics Tank Electronics & Gun 8. Upgrades Home Land Security & 9. Smart Cities 10 Civilian Products Multi product, Mul
Slide 5: Areas of Diversification
Areas of Diversification 1. Energy Storage Products 2. Unmanned Systems 3. Space Electronics & Systems Solar Cells/Modules/Power 4. Plants 5. Seekers & Missiles 6. Network & Cyber Security 7. Arms & Ammunitions 8. Railway / Metro Solutions 9. Software 10 Composites 11 Healthcare Solutions 12 Civil A
Slide 6: Research & Development (R&D)
Research & Development (R&D) • 50% Engineering Manpower deployed in R&D • 79% Sales Revenue from Indigenous R&D • R&D investment: Rs. 873 Crs during 2020-21 • Companies, Institutions, Academia /Experts/Consultants & Start-ups (Collaborative R&D with Partnerships) • CMMi Level-5 Certification for Sof
Slide 7: Expansion & Modernization
Expansion & Modernization Plants / Centres: to address Investments to address Diversification manufacturing needs & R&D Initiatives • Nimmaluru, AP : Advance EO • Land in Aerospace park, Devanahalli: Space, Systems Unmanned Systems, Solar, etc. • Palasamudram, AP: Missile / Seekers • Land in Nagpur:
Slide 8: Exports
Exports • Dedicated Marketing Group for Exports • Major products exported: • Achieved USD 51.93 Million during the year 2020-21. Coastal Surveillance System, • Export Initiatives: Communication Equipment's, Data Link, Collaborated with new partners in Kenya, Chile, IFF – Interrogator, Radar Fing
Slide 9: Major Orders Executed in 2020-21
Major Orders Executed in 2020-21 Long Range Surface to Air Missile System ICU Ventilator System
Slide 10: Major Orders Executed in 2020-21
Major Orders Executed in 2020-21 Integrated Air Command & Control System Akash Missile System Thermal Imaging Sight
Slide 11: Major Orders Executed in 2020-21
Major Orders Executed in 2020-21 Samyukta Upgrade Air Force Network (AFNET)
Slide 12: Major Orders Executed in 2020-21
Major Orders Executed in 2020-21 Smart City Business Shakti Phase III L-70 Gun Upgrade
Slide 13: Major Orders Executed in 2020-21
Major Orders Executed in 2020-21 CSS Phase II Software Defined Radio
Slide 14: New Products Introduced in 2020-21
New Products Introduced in 2020-21 • Maareech Advanced Torpedo Decoy System (ATDS) • Low profile Ku Band SOTM • Instant Fire Detection and Suppression System (IFDSS - FICV/T90/T70) • Indigenous ASR-MSSR for Civil Aviation • BFSR Upgrade • Mountain Version of Weapon Locating Radar (WLR) • Compact Tra
Slide 15: Order Book
Order Book Major Orders Received during 2020-21 • AFNET • ICU Ventilators including Services • LYNX U2 Gun Fire Control System • Software Defined Radios • ATDS MAAREECH SYSTEM (N) • DMRR Upgradation Orders Received during 2020-21 is Rs 15000 Cr. The current Order Book is around Rs. 55800 Cr. Orders
Slide 16: Major Projects planned during 2021-22
Major Projects planned during 2021-22 • LRSAM (Long Range Surface to Air Missile) System • Akash Missile System (7 Sqdn) • Integrated Air Command & Control System • AFNET • Naval Equipment • Electronic Voting Machines • Integrated Perimeter Surveillance System (IPSS) • Smart City Business • Various
Slide 17: Business Initiatives
Business Initiatives • Long term lease agreement signed for explosives handling/ storage at TEL Vellore. • 30,000 units of ICU Ventilators delivered to GoI with ToT from Skanray, Mysore. • BEL shortlisted for RFP of productionalization of Launch vehicle (PSLV) with Industry. • Signed umbrella MoU wi
Slide 18: Business Initiatives
Business Initiatives • BG Unit & CO certified for People Capability Maturity Model (PCMM) level 3. • Green channel certification received for 41 products covering 10 SBUs. • Creation of new integration facility for Advanced Torpedo Decoy System (ATDS) Mareech at BG. • Coordinated creation of DAD Cel
Slide 19: 'Make in India' Initiatives
‘Make in India’ Initiatives • 692 items uploaded on MoD’s Indigenization portal (Srijan). Vendors are being provided with necessary assistance upon expressing interest on Srijan Portal. • EoIs for 69 items published under Make-II, of which 30 items are in various advanced stages of indigenization. •
Slide 20: Outlook for the Future
Outlook for the Future • BEL to focus on R&D both in-house and collaborative Mode for increased value addition and intellectual property creation. • Enhanced Partnerships with DRDO labs, research and academic institutions, Startups as well as with niche technology companies & consultants • Thrust on
Slide 21: Slide 21
Slide 22: Bharat Electronics
IRA SCHFENCIF A BHARAT ELECTRONICS
Slide 23: BEL Today
BEL Today BEL crossed the Milestone of ` 50000 Cr Market Capitalisation Diversification in Civilian Product Segments More Emphasis on Exports Turnover from Indigenously Developed Products is 80% Order Book position around ` 55800 Cr
Slide 24: Financial Highlights – FY 2020-21
Financial Highlights – FY 2020-21 Turnover increased from ` 12608 Cr in 2019-20 to ` 13818 Cr, a growth of 9.6%. EBITDA increased from ` 2730 Cr in 2019-20 to ` 3181 Cr, a growth of 16.52%. Profit Before Tax (PBT) increased from ` 2479 Cr in 2019- 20 to ` 2935 Cr, a growth of 18.38%. Profit
Slide 25: Financial Highlights – FY 2020-21
Financial Highlights – FY 2020-21 PBT to Turnover Ratio increased from 19.66 % in 2019-20 to 21.24 %. Book Value Per Share increased from ` 40.44 in 2019-20 to ` 44.36. Earning Per Share (EPS) increased from ` 7.36 in 2019-20 to ` 8.48. Dividend @ 400% in 2020-21 against 280% in 2019-20. The
Slide 26: Financial Ratios
Financial Ratios TURNOVER (` in Cr) 13,818 12,608 11,789 10,085 8,825 2016-17 2017-18 2018-19 2019-20 2020-21 PROFIT BEFORE TAX (` in Cr) PROFIT AFTER TAX (` in Cr) 2935 2703 2065 2479 1927 1794 2029 1948 1548 1399 2016-17 2017-18 2018-19 2019-20 2020-21 2016-17 2017-18 2018-19 2019-20 2020-21 5
Slide 27: Material consumption and employee benefit expense
MATERIAL CONSUMPTION TO VOP (In %) 57.05% 55.44% 52.78% 52.28% 51.00% 2016-17 2017-18 2018-19 2019-20 2020-21 EMPLOYEE BENEFIT EXPENSE TO TURNOVER (` in Cr) 2,057 1,941 1,772 1,879 1,548 17.54% 17.57% 15.94% 16.32% 14.05% 2016-17 2017-18 2018-19 2019-20 2020-21 Employee Benefit Expense % to Turnover
Slide 28: Activity Ratio
Activity Ratio INVENTORY TO VOP (` in Cr) 4905 4739 4955 4455 3963 194 179 136 130 117 2016-17 2017-18 2018-19 2019-20 2020-21 Inventory Inventory in No. of days to VOP (` in Cr) TRADE RECEIVABLES IN No. OF DAYS TO TURNOVER 6733 6552 5369 5050 4355 195 183 180 173 166 2016-17 2017-18 2018-19 2019-20
Slide 29: Liquidity Ratio
Liquidity Ratio CURRENT RATIO 1.61 1.52 1.44 1.46 1.41 2016-17 2017-18 2018-19 2019-20 2020-21 8
Slide 30: Profitability Ratios
Profitability Ratios EBITDA MARGIN (` In Cr) 3181 2862 2730 1762 2000 23.68% 22.62% 21.13% 19.28% 19.23% 2016-17 2017-18 2018-19 2019-20 2020-21 PAT TO TURNOVER (` In Cr) 2,065 1,927 1,794 1,548 1,399 17.54% 16.35% 14.95% 14.23% 13.88% 2016-17 2017-18 2018-19 2019-20 2020-21 9
Slide 31: Profitability Ratios
Profitability Ratios RETURN ON CAPITAL EMPLOYED (` In Cr) 11,825 10,636 9,566 7,907 8,225 28.62% 25.07% 21.68% 23.56% 19.77% 2016-17 2017-18 2018-19 2019-20 2020-21 Return on Capital Employed = EBIT / Avg. Capital Employed (` In Cr) RETURN ON NET WORTH 10,808 9,853 9,019 7,761 7,509 22.97% 19.99% 18
Slide 32: Profitability Ratios
Profitability Ratios EARNING PER SHARE (EPS) (in `) 8.48 7.91 7.36 6.03 5.70 2016-17 2017-18 2018-19 2019-20 2020-21 CASH EARNING PER SHARE (in `) 9.98 9.21 8.80 7.79 6.77 2016-17 2017-18 2018-19 2019-20 2020-21 11
Slide 33: Profitability Ratios
Profitability Ratios NET WORTH and BOOK VALUE PER SHARE (` in Cr) 44.36 40.44 37.01 33.62 31.85 10808 9853 9019 7509 7761 2016-17 2017-18 2018-19 2019-20 2020-21 12
Slide 34: Dividend Distribution
DIVIDEND DISTRIBUTION DIVIDEND DISTRIBUTION (` in Cr) 400% 340% 280% 225% 975 202% 828 682 503 491 2016-17 2017-18 2018-19 2019-20 2020-21 13
Slide 35: Share Holding Pattern as on 31.03.2021
SHARE HOLDING PATTERN AS ON 31.03.2021 INSURANCE COMPANIES, 3.77% OTHERS, 7.88% GOVERNMENT OF INDIA 51.14% FOREIGN INSTITUTIONAL INVESTORS, 11.58% MUTUAL FUNDS , 25.63% 14
Slide 36: Order Book Position
Order Book Position (` in Cr) 55800 53434 51798 51800 40242 40115 2016-17 2017-18 2018-19 2019-20 2020-21 As on 01.09.2021 15
Slide 37: Thank You