Get Unlimited Plan at 75% OFF!
Bharat Dynamics
No Data Available
Investor Sentiment
Bharat Dynamics Share price and Fundamental Analysis
Key Metrics
Included In
Stock Returns
CAGR
Revenue Growth
Net Profit Growth
Operating Profit Growth
Dividend Growth
Stock Returns CAGR
Stock Heatmap
No Stocks
Smart Score
Unlock Smart Score
See Detailed Analysis & Insights
Unlock Insights
See Detailed Analysis & Insights
Technicals
Returns Calculator
If you would have investedResearch Report
No Research Report
Corporate Action
Financials
Key Ratios
ROE
Avg ROE (3 Yrs) : NaN%
ROCE
Avg ROCE (3 Yrs) : NaN%
ROA
Avg ROA (3 Yrs) : NaN%
NPM
Avg NPM (3 Yrs) : NaN%
Dividend History
5 Year FactSheet
Documents
No Data Available
News
Bharat Dynamics Management and History
Company Management
Unlock Management Data
See Detailed Analysis & Insights
Company History
Bharat Dynamics Limited (BDL) is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), Underwater weapons, Launchers, Counter Measures Dispensing System (CMOS) and Test Equipment. The Company is engaged in the business of refurbishment and life extension of stored and deployed missiles. It is the sole manufacturer in India for SAMs, torpedoes, ATGMs. Currently, it is also the sole supplier of SAMs and ATGMs to the Indian Armed Forces.
Headquartered in Hyderabad, Bharat Dynamics Limited (BDL), was incorporated on 16 July, 1970 as a Public Sector Undertaking under Ministry of Defence, Government of India.
The Company currently has three manufacturing facilities located in Hyderabad, Bhanur, and Vishakhapatnam. The Hyderabad manufacturing unit is engaged in the manufacture of SAMs, Milan 2T ATGMs, countermeasures, launchers and test equipment. The Bhanur unit is engaged in the manufacture of the Konkurs - M ATGMs, the INVAR (3 UBK 20) ATGMs, launchers and spares. The Vishakapatnam unit is engaged in the manufacture of lightweight torpedoes, the C-303 anti torpedo system, countermeasures and spares. The Company is also in the process of setting up two additional manufacturing facilities at Ibrahimpatnam (near Hyderabad) and Amravati in Maharashtra which shall be used to manufacture SAMs and Very Short Range Air Defence Missiles (VSHORADMs) respectively. It is the nominated production agency for VSHORADMs.
In 1986, the company was upgraded from Schedule D public sector undertaking (PSU) to Schedule C PSU. In 1992, the company was upgraded from Schedule C PSU to Schedule B PSU.
Subsequent to the abolition of Section 43A of the Companies Act, 1956, with effect from December 13, 2000, the Company again became a private limited company.
The Indian Army placed orders worth Rs 14180 crore on Bharat Dynamics (BDL), during the year 2011 for the supply of the Akash Weapon System.In 2013, the company's gross sales crossed Rs 1000 crore mark. In 2015, the company's gross sales crossed Rs 2000 crore.
The Company has been awarded various prestigious awards such as Raksha Mantri's institutional award for 'Excellence' in performance for the year 2014-15 and the group/individual award in the 'Innovation Category' for the year 2014-15, in recognition of its consistent growth and adaptation and the PSE Excellence Award - 2015 by the Indian Chamber of Commerce in the Miniratna category for operational performance excellence.
In 2017, the company's gross sales crossed Rs 4000 crore. The company was converted to a public limited company on 27 October 2017.
The Government of India offloaded 2.24 crore shares of Bharat Dynamics via an initial public offer (IPO) during the period from 13 March 2018 to 15 March 2018. There was no fresh issue of shares from the company. The IPO was priced at Rs 428 per share. The stock made its debut on BSE at Rs 360 per share on 23 March 2018, a discount of 15.88% to the IPO price of Rs 428 per share. After the successful completion of the IPO, the Government of India's stake in the company came down to 87.75% from 100%.
On 18 April 2018, Bharat Dynamics announced that it has signed 'Licensing Agreement' with Defence Research Development Organisation (DROO) for ASTRA MK-1 Weapon System. Limited scale of production will commence shortly on suitable arrangements from DRDO.
On 18 September 2018, the Ministry of Defence announced that the Defence Acquisition Council (DAC) accorded approval for the procurement of equipment for the Defence Forces valued at over Rs 9100 crore. Pursuing the goal of indigenisation and self-reliance, the DAC approved procurement of two Regiments of Akash Missile Systems under 'Buy (lndian)' category from Bharat Dynamics. The Missile to be procured is an upgraded version of the previously inducted Akash missiles and will include seeker technology, possess 360 degree coverage and will be of compact configuration with reduced signature. The upgraded Akash Weapon System is operationally critical equipment, which will provide protection to vital assets.
During FY19, Bharat Dynamics Limited (BDL) completely executed Milan- 2T ATGM contract well before the contractual delivery schedule. It inaugurated production facility for manufacturing of Man-Portable Anti-Tank Guided Missile (MP-ATGM). Further, the Company inaugurated Acoustic Tank Test Facility at its Visakhapatnam Unit.
During the year 2019, an amount of Rs 90 crore has been earmarked for capital expenditure (CAPEX) towards modernization of plant & machinery and other infrastructure development programme.
During FY 2018-19, key technology upgradation projects like 160 KV X-Ray machine, SMD Pick and place machine and Automatic Inspection System were taken up for implementation.
During the year 2019, R&D facilities like PADS schematic design software, advanced structural and thermal analysis software, rapid prototyping and reliability software, opto-mechanical software, PCB design tools and other development tools have been established.
During 2018-19, first batch of CMDS for Mirage were supplied to M/s.HAL for integration to aircraft. CMDS for MLH were supplied to M/s.BEL for developmental trials.
During the year 2019-20, Akash SAM two regiment order along with GSE was executed completely. Further, company received Akash SAM order worth Rs. 1700 Crore for supply of Akash Missiles along with associated spares. The Heavy Weight Torpedo, Varunastra manufactured was handed over to the Indian Navy during Defexpo on 7th February 2020. An amount of Rs 57 Crore was spent on Capital Expenditure (CAPEX) towards modernization of Plant & Machinery and other Infrastructure development. Accordingly, as a part of CAPEX , the technologies such as preheating oven, environmental chambers, shock machine, test equipments and high speed cameras were taken up for upgradation. It signed MOU with M/s Roxel, France, M/s Javelin Joint Venture,USA, h M/s AlmazAntey, Russia, MoU with BDL & IIT Kanpur and a Start-up Company M/s Nocca Robotics.
In FY 2020-21, Company launched two new products during Aero India - 2021, an underwater weapon, the Dishani and Garudastra. It started the operation of 'Surface - Mount Technology' facility and 'High Performance Computing' facility. An amount of Rs. 57.30 Crore has been spent on Capital Expenditure (CAPEX) programme towards modernization of Plant & Machinery and other infrastructure development. It integrated the 1st batch of ASTRA missiles and handed over to the DRDL. It established R&D facilities like Real Time Data Acquisition and Processing System, Frequency Response Analyzer, High Speed Cameras, Graphics Processing Unit (GPU) development kits, Microelectronic Boards, and Laser Safety Set-up.
During 2021-22, Konkurs - M, Anti Tank Guided Missiles Order was executed completely. Further, the Company signed a new contract with Indian Army for manufacture and supply of Konkurs-M Missile worth about Rs. 3131.82 Crore. It received refurbishment order worth about Rs. 471.41 Crore from Indian Army. A new version of Akash Missile was test fired. An amount of Rs. 103 Crore was spent on Capital Expenditure (CAPEX) towards modernization of Plant & Machinery and other infrastructure development. The Company took initiative to establish war head manufacturing facility, RF seeker facility, High Temperature Carbon Composite Manufacturing facility and implementation of Industry 4.0. Besides this, new facilities like SMD line and High Computing facilities were also set up. It signed a contract with M/s Airbus Defence and Space, Spain on 17th November, 2021 for development and supply of CMDS for C-295 Aircraft. During the year, Company procured Common goods/services worth about Rs. 92.Crore through Govemmente Market Place (GeM).
In 2022-23, BDL inaugurated the Warhead Manufacturing Facility at Bhanur Unit, the Radio Frequency (RF) Seeker Facility at the Kanchanbagh Unit, and the Central Storage Facility at Visakhapatnam Unit.
As on 31 March 2023, the Govt. of India shareholding in the Company stands at 74.93% (representing 137,325,527 equity shares of Rs.10/- each)
.
Bharat Dynamics Share Price
Bharat Dynamics share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Bharat Dynamics Market Cap
Market capitalization of Bharat Dynamics indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Bharat Dynamics is valued compared to its competitors.
Bharat Dynamics PE Ratio
Bharat Dynamics PE ratio helps investors understand what is the market value of each stock compared to Bharat Dynamics 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Bharat Dynamics PEG Ratio
The PEG ratio of Bharat Dynamics evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Bharat Dynamics ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Bharat Dynamics generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Bharat Dynamics ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Bharat Dynamics in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Bharat Dynamics Total Debt
Total debt of Bharat Dynamics shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Bharat Dynamics Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Bharat Dynamics compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Bharat Dynamics CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Bharat Dynamics over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Bharat Dynamics Technical Analysis
Technical analysis of Bharat Dynamics helps investors get an insight into when they can enter or exit the stock. Key components of Bharat Dynamics Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Bharat Dynamics shares often struggle to rise above due to selling pressure.
Bharat Dynamics Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Bharat Dynamics ’s financial health and profitability.
Bharat Dynamics Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Bharat Dynamics Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Bharat Dynamics Financials
The financials of Bharat Dynamics provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Bharat Dynamics Profit and Loss Statements
The profit and loss statement of Bharat Dynamics highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Bharat Dynamics .
Bharat Dynamics Balance Sheet
The balance sheet presents a snapshot of Bharat Dynamics ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Bharat Dynamics Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
Download the App
SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729Disclaimer: "Investments in securities are subject to market risks. Read all the related documents carefully before investing." Receiving registration from SEBI and certification from NISM does not assure the performance of the intermediary or guarantee returns to investors in any manner. Compliance Email: [email protected]
Features
Portfolio Analysis
Screener
Stock compare
Buckets
Watchlist
Superstar Portfolio
Market
List of BSE200 Companies
List of NIFTY500 Companies
List of NIFTY NEXT 50 Companies
NIFTY Top gainers in 5 Days
NIFTY100 Most Active Stocks
NIFTY Top Gainers in 1 Month