Investors always keep an eye on dividend-paying companies in India, as they provide a steady income stream and reflect the business’s financial health. Among the upcoming dividend declarations, two prominent companies, Bharat Electronics Limited [NSE: BEL] and Jash Engineering Limited [NSE: JASH], are generating a buzz in the market.
Bharat Electronics, a leading public sector enterprise in India, specialises in defence electronics. On the other hand, Jash Engineering is involved in water control and management solutions. Let’s discuss Jash and Bharat Electronics’ dividends for 2025 in detail and also explore their financials, share price performance, and future outlook.
Bharat Electronics and Jash Engineering Stock News
Bharat Electronics Limited is set to announce its first interim dividend for the financial year 2024-25 on March 5, 2025. The company’s board of directors will meet to consider the declaration of this interim dividend. BEL has a history of rewarding its shareholders with consistent dividend payments and bonus issues. In the previous financial year, BEL declared three dividends, including a final dividend of ₹0.80 per share in August 2024. The last dividend declarations in March and February 2024 were ₹0.70 per share each.
Jash Engineering also proposed an interim dividend of ₹0.80 per share (40%) during its Board of Directors meeting held on 4 March 2025, subject to shareholder approval. Historically, the company has been consistent in rewarding its shareholders with dividends. For instance, in the previous year, Jash Engineering declared a final dividend of ₹7.20 per equity share and a special dividend of ₹2 per equity share.
Bharat Electronics & Jash Engineering Financial Performance
If you plan to invest in BEL or JASH, here is a quick summary of their financial standing.
Bharat Electronics Financials
- BEL reported a Q3 revenue of ₹5,957.07 crores, showing steady quarter-on-quarter growth in FY 24-25. This marks an increase from ₹4,329.58 crores in Q3 of FY 23-24. However, revenue saw a dip after the Q4 results of FY 23-24.
- In FY 24-25, Bharat Electronics’ profit after tax (PAT) stood at ₹791 crores in Q1, rebounding to ₹1,092.42 crores in Q2 and ₹1,310.95 crores in Q3. This followed a significant dip from ₹1,797.11 crores in Q4 FY 23-24, attributed to increased expenses from material costs.
- When analysing the balance sheet, the company’s average debt-to-equity ratio for the last five years is 0.27%. This is much better than the industry average of 11.6%.
- The company reported a cash flow of ₹4006.96 in FY 23-24, significantly better than the FY 22-23 figure of ₹608.81. This suggests that BEL has enough cash to invest in growth, cover debts, and declare dividends as planned after covering its operational and capital expenditures.
Jash Engineering Financials
- In FY24 -25, JASH’s revenue has shown consistent quarter-on-quarter growth, rising from ₹116.32 crores in Q1 to ₹143.81 crores in Q2 and ₹182.02 crores in Q3. This follows a dip from ₹218.73 crores in Q4 of FY23 -24.
- JASH’s profit after tax performance is similar to its revenue. However, rebounding from the dip, the percentage differences in the last three quarters were quite impressive, with figures standing at ₹0.50 crores in Q1, ₹16.02 crores in Q2, and ₹35.06 crores in Q3 of this financial year.
- JASH’s average five-year debt-to-revenue ratio, 42.75%, is much better than the industry average of 174.77%.
- The company’s free cash flow has also improved since FY 21-22. In FY 23-24, it reported a free cash flow of ₹33.97 crores.
Tracking Bharat Electronics & Jash Engineering Stock Trends
For Jash Engineering and Bharat Electronics’ share price forecast, it is important to understand their past performance.
BEL Stock Analysis
- The bear market has affected BEL. Over the last six months, the company’s stock has slipped by 8.95%.
- In the long run, post the COVID-19 era, BEL delivered an impressive return of 960.96%, making it a popular choice for many long-term investors.
- BEL has an FY PE ratio of 46.31, contrasting with the industry average PE of 31.36, indicating it is slightly overvalued.
JASH Stock Analysis
- Against the current market trend, JASH has delivered impressive returns of 31.38% in the last six months. Moreover, over the past five years, it has achieved a remarkable return of 1782.25%.
- The company’s FY PE is 52.12, whereas the sector’s PE is 38.69. This figure suggests that JASH is slightly overvalued. Additionally, its PB ratio of 9.91 lags behind the industry’s PB of 5.62.
- Considering JASH’s performance, foreign institutional investors, domestic institutions, and mutual funds marginally increased their holdings in the company’s stocks in the FY 24-25 December quarter compared to the September quarter of the ongoing financial year.
Analysing Bharat Electronics & Jash Engineering’s Future Outlook
If you are unsure whether to keep BEL and JASH in your portfolio post-dividend declaration, here is a quick overview of the future outlook of both companies based on their recent order books.
Bharat Electronics
- In February 2025, the company secured a ₹1,292 crore order from the Ministry of Defence to supply data communication terminals and software-defined radios to the Indian Coast Guard, aiding them in their sensitive missions. Following this news, the stock surged by around 3% for the day.
- On December 23, 2024, BEL secured an order worth ₹973 crore. The order includes upgrading satcom terminals and submarine sonar, supplying jammers, radars, and communication equipment, providing platform screen doors for metro rails, and more.
- Another order BEL secured in September 2024 is worth ₹850 crores from Cochin Shipyard for a multifunctional indigenous radar in the X band. Besides this, it got a ₹305 crore order for developing thermal imagers, navigational systems for ships, gun and fire control systems, and more.
Jash Engineering
- In December 2024, Jash Engineering received fresh orders totalling ₹80 crore, marking a 142.42% rise compared to the previous year. Of this, domestic orders made up ₹24 crore, while international orders contributed ₹56 crore.
- As of January 1, 2025, the company’s order book included ₹320 crore from domestic markets and ₹604 crore from international markets. Of the international orders, ₹375 crore came from the USA, ₹22 crore from the UK, and ₹207 crore from other global markets.
- Additionally, the company has secured negotiated orders amounting to ₹34 crore, pending formal purchase orders from clients. These orders are generally finalised and converted into confirmed orders within two months.
Conclusion
Bharat Electronics Limited and Jash Engineering Limited have strong fundamentals and a history of rewarding investors through dividends. With strong government backing and consistent payouts, BEL remains a top choice for dividend seekers. Jash Engineering, while not as high-yielding in dividends, provides an attractive option for those looking at long-term industry growth.
With upcoming dividend announcements around the corner, investors should closely monitor these companies’ financial performance and broader market conditions.
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