1. BHARAT DYNAMICS LIMITED
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100% Buy

BHARAT DYNAMICS LIMITED Share Price

BDL

₹1,467.75-₹78.70 (-5.09%) TodayLast updated on 19 Jul, 2024 | 15:58 IST
₹1,462.00₹1,555.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹56,687 Crs

Open

₹1,537.00

Close

₹1,546.45

Circuit range

₹1,614.50 - ₹1,321.00

Day range

₹1,462.00 - ₹1,555.00

Year range

₹450.00 - ₹1,794.70

Volume

28,59,021

Avg. traded

₹1,490.77

Revenue (12m)

₹2,369 Crs

BHARAT DYNAMICS LIMITED

Bharat Dynamics Limited is a public-sector undertaking that manufactures ammunition and missile systems. Owned by the Government of India, it was founded in 1970. The market capitalisation of Bharat Dynamics Limited is over ₹30,000 crore as of December 28, 2023. Bharat Dynamics share price has gained over 380% in three years.

Business Operations

Bharat Dynamics is a defence manufacturer with a focus on ammunition and missile systems. Specialising in the production of ammunition, rifles and panels, the company also makes various missiles and systems that cater to the needs of the Indian Armed Forces.

Since its establishment, Bharat Dynamics has partnered with DRDO and international original equipment manufacturers (OEMs) to produce and deliver a diverse range of missiles and related equipment to the armed forces.

Currently, Bharat Dynamics is among the select global companies equipped with cutting-edge facilities for producing and supplying guided missiles, underwater weapons, airborne products and allied defence gear. The company also provides product life cycle support and handles the refurbishment or extension of life for vintage missiles.

Bharat Dynamics has evolved from a missile manufacturer to a weapon system integrator. With four manufacturing units, three situated in Telangana (Hyderabad, Bhanur and Ibrahimpatnam) and one in Andhra Pradesh (Visakhapatnam), Bharat Dynamics has been expanding its operations by establishing a unit in Amravati, Maharashtra, to meet the escalating demands of the armed forces.

Collaborating with DRDO, Bharat Dynamics manufactures various indigenously designed missiles and underwater weapons. The company makes the Akash weapon system, a surface-to-air indigenous missile, in partnership with numerous industry supply chain partners.

Moreover, Bharat Dynamics manufactures the heavy weight torpedo and light weight torpedo developed by Naval Science & Technological Laboratory (NSTL), DRDO. The light weight torpedo is also part of the company's export portfolio.

For its research and development, Bharat Dynamics has created the Amogha-III, a third-generation anti-tank guided missile. Upon the successful conclusion of user trials, this missile will be made available to the Indian Armed Forces and the export market.

Moreover, the company has signed a Memorandum of Understanding (MoU) with the International Institute of Information Technology (IIIT) Hyderabad to collaborate on developing AI-based technologies for its products.

Products manufactured by Bharat Dynamics:

Surface-to-air missiles Anti-tank guided missiles Underwater weapons Launchers Countermeasures dispensing system Test equipment

Bharat Dynamics is the only manufacturer in India of surface-to-air missiles, torpedoes and anti-tank guided missiles. The company is currently the exclusive supplier of surface-to-air missiles and anti-tank guided missiles to the Indian Armed Forces.

Its product portfolio also includes missiles like Akash Missile Systems, Milan 2T anti-tank guided missiles, lightweight torpedoes and C-303 anti-torpedo systems, among others.

The company's continuous efforts in R&D have led to the launch of new products like the Dishani and Garudastra underwater weapons and advancements in missile technology like ASTRA MK-1.

Financial Highlights

Bharat Dynamics’ revenue from operations for FY23 stood at ₹2,489.4 crore, down 11.6% from ₹2,817.4 crore in FY22. The company recorded a PAT (profit after tax) of ₹352.2 crore in FY23 against ₹500 crore in FY22. In FY23, the earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased to ₹408.6 crore from the previous year's ₹726.1 crore. The company's earnings per share (EPS) stood at ₹19.22 in FY 23 compared to ₹27.28 in the previous financial year.

BHARAT DYNAMICS LIMITED Key indicators

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52 week high

₹1,794.70

52 week low

₹450.00

P/E ratio

92.67

P/B ratio

15.58

ROE

11.35%

ROCE

15.69%

Dividend yield

0.34%

Debt/Equity ratio

EPS

19.22

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Investment checklist: (3/6)

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Analyst ratings:

Buy

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Buy

100%

Hold

0%

Sell

0%

This analysis is based on the reviews of 5 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

22.68%

Net profit margin

14.15%

ROE

11.35%

ROA

4.66%

ROCE

15.69%

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BHARAT DYNAMICS LIMITED Shareholder returns

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1 day

-3.46%

1 week

-5.23%

1 month

-4.97%

3 months

+70.87%

1 year

+167.57%

3 years

+726.40%

5 years

+925.70%

BHARAT DYNAMICS LIMITED Share Price history

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DayOpenCloseDay’s change
Fri, Jul 19 2024
₹1,537.00
₹1,467.75
-5.09%
Thu, Jul 18 2024
₹1,602.00
₹1,546.45
-3.46%
Tue, Jul 16 2024
₹1,631.70
₹1,601.90
-1.65%
Mon, Jul 15 2024
₹1,672.95
₹1,628.75
-2.21%
Fri, Jul 12 2024
₹1,672.30
₹1,665.55
-0.05%
Thu, Jul 11 2024
₹1,638.00
₹1,666.30
+2.11%
Wed, Jul 10 2024
₹1,688.00
₹1,631.85
-2.94%
Tue, Jul 9 2024
₹1,703.25
₹1,681.25
-0.93%

Shareholding info

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Promoters (74.93%)

Mutual Funds (5.67%)

Retail and other (12.49%)

Foreign institutions-FII (3.06%)

Other domestic institutions (3.84%)

Promoters

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Events

Corporate actions

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  • Split • 5:10

    Ex date 23 May 2024

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  • Dividend • ₹8.85/share

    Ex date 02 Apr 2024

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  • Dividend • ₹1.2/share

    Ex date 20 Sep 2023

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  • Dividend • ₹8.15/share

    Ex date 20 Feb 2023

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  • Dividend • ₹1/share

    Ex date 16 Sep 2022

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  • Dividend • ₹7.3/share

    Ex date 23 Feb 2022

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