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One Of The Leading Defence Stock In India; 20,000 Crore Total Strong Order Book

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Bharat Dynamics Ltd (NSE: BDL): The results from the December quarter have ended. Most companies have published their figures. 

The performance of the majority of companies during the period of October to December was higher than what was expected. 

In the wake of these results, the broker company ICICI Direct has advised to invest in the defense PSU Bharat Dynamics. Investors can earn 18 percent over the long run.

Bharat Dynamics: Backlog Of Orders Of 20,000 Crore

A brokerage firm said in its report that Bharat Dynamics’ order pipeline is still strong. Bharat Dynamics (BDL) is among the top defense PSUs in the country.

Bharat Dynamics has been involved with the development of air-to-surface missiles (SAMs), Anti-tank missiles (ATGMs), Air-to-air missiles (AAMs), and underwater weapons launchers, counter-insurgency equipment along with launch and takeoff equipment. 

Revenue and PAT have increased by 14.1 percent and 16.9 percent CAGR. The backlog of orders is estimated to be around Rs 20000 crore.

Why Should Invest In Bharat Dynamics?

The brokerage says that the strong order book, along with the strong pipeline reflects an increased growth forecast. 

The backlog of orders of the company is estimated at around 20000 crore. The pipeline of orders for export and domestic orders is also solid. 

It comprises a variety of SAM (surface-to-air missile) variants, including Akash NG, Quick Reaction (QRSAM), Vertical Launch Short Range (VLSRSAM) as well as ATGM (Anti-Tank guided Missile). 

A strong pipeline demonstrates future growth visibility.

As per the broker, Bharat Dynamics has invested in the infrastructure of its company, expanding capacity and extending R&D operations both in India and in partnership with DRDO for a variety of development and production programs. 

BDL is also focusing on manufacturing in India and joint development programs and has signed agreements with OEMs in foreign countries to satisfy the demands of its domestic customers as well as export markets.

The products and projects in research include Amogha-III ATGM, Drone Launched Missiles and Bombs as well as the LBRM (Laser Beam Riding Missile), Mistral Short Range Missile System ASRAAM (Advanced Short Air-to-Air Missile),) SPIKE ER2 and more are included. 

BDL is well-positioned to gain from the increased expenditure on capital for indigenous defense platforms, such as missiles, torpedoes, and countermeasures systems for dispensing.

Bharat Dynamics Share Price Target By Brokers

A global brokerage said that they believe that revenues, EBITDA, and PAT will increase at 29.4 percent, 41.4 percent, and 46.9 percent CAGR respectively over FY23-26. 

The valuations at 27.3 times P/E based on FY26E look appealing given the impressive growth that is expected amid the challenges in a variety of sectors. 

The brokerage suggests BUY for Bharat Dynamics, with an estimated price of Rs 10 for each share (based on FY26E EPS 33 times). 

The brokerage has issued an opinion on the buying price from an annual view. Based on today’s price of Rs 1661 could earn a profit of 18 percent for Bharat Dynamics shares.

The 52-week high of its stock was at 1938.95 and the lowest is 804.95. The market capitalization of the business is 31,333.76 crore. 

Bharat Dynamics stocks have yielded 86.38% returns within one year. In contrast, it earned 55 percent returns within 3 months, and 54 percent in six months. 

The stock offered a staggering return of 400 percent to multibagger over 3 years.

About Bharat Dynamics Ltd

Bharat Dynamics Limited is an India-based Enterprise. It is engaged in the production of missiles as well as other defense equipment. 

The company provides its products and services to those in the Indian Armed Forces and the Government of India. 

The company supplies submarine weaponry, air-borne defense products, allied defense equipment, life-cycle support, as well as rehabilitation or life extension of older missiles. 

The manufacturing units of the company include Telangana State, Hyderabad, Bhanur, Ibrahimpatnam, Visakhapatnam as well as Andhra Pradesh. 

The total revenue from operations is 2489.39 crores, while capital invested in equity is 183.28 crores.

Fundamental Analysis of Bharat Dynamics Ltd

Market Cap₹ 31,339 Cr. 
Current Price₹ 1,711.55
52-wk High₹ 1,938.90
52-wk Low₹ 805
Stock P/E65.94
Book Value₹ 184
Dividend0.55 %
ROCE15.6 %
ROE11.3 %
Face Value₹ 10.0
P/B Value9.29
OPM17.4 %
EPS₹ 26.0
Debt₹ 4.49 Cr.
Debt to Equity0.00

Bharat Dynamics Ltd (BDL) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹1800₹2100
2025₹2232₹2455
2026₹2500₹2765
2027₹2789₹2876
2028₹2900₹3121
2029₹3253₹3435
2030₹3654₹3897
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Bharat Dynamics Ltd Shareholding Pattern

Promoters Holding
Dec 202274.93%
Mar 202374.93%
June 202374.93%
Sept 202374.93%
Dec 202374.93%
FII Holding
Dec 20223.24%
Mar 20232.83%
June 20233.36%
Sept 20233.09%
Dec 20233.09%
DII Holding
Dec 202212.39%
Mar 202314.10%
June 202313.78%
Sept 202312.81%
Dec 202313.32%
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Govt. Holding
Dec 20220.01%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.00%
Public Holding
Dec 20229.43%
Mar 20238.15%
June 20237.92%
Sept 20239.17%
Dec 20238.64%

Bharat Dynamics Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,069 Cr
2020₹ 3,105 Cr
2021₹ 1,914 Cr
2022₹ 2,817 Cr
2023₹ 2,313 Cr
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Last 5 Years’ Net Profit:

2019₹ 423 Cr
2020₹ 535 Cr
2021₹ 258 Cr
2022₹ 500 Cr
2023₹ 477 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:2%
5 Years:-8%
3 Years:-13%
Current Year:-2%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:16%
3 Years:13%
Last Year:11%

Sales Growth Over 10 Years:

10 Years:9%
5 Years:-12%
3 Years:-7%
Current Year:-25%

Conclusion

This article is a complete guide about Bharat Dynamics Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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