Bharat Dynamics Share Price Target 2024-2030 Fundamentals & Quarterly Results

Bharat Dynamics Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results– Established in 1970, Bharat Dynamics Limited is a state-owned public sector undertaking that deals with ammunition and missile production under DRDO and tie-ups with foreign original equipment manufacturers. It is working in ammunition supplying and equipment to the Indian Army in the Mini Ratna category. Apart from this, the company has its R&D center as well as three manufacturing facilities in Hyderabad, Andhra Pradesh.Bharat Dynamics Share Price Target

Latest Update – The BSE recorded a 19% drop in share prices of Bharat Dynamics (BDL) to Rs 1,160 at the lowest point of the day on Monday despite ICICI Security domestic brokerage firm upgrading Bharat Dynamics’ (BDL) stock from “add” to ‘buy’ with a target price of INR 1,745. During June quarter net profit declined by 82.80% according to company reports.

Bharat Dynamics  Overview

Bharat Dynamics (BDL) is an Indian government enterprise that makes guided missiles and other defense equipment.

Company NameBharat Dynamics Ltd
Listed atNSE & BSE
Head OfficePlot No. 38-39, TSFC Building (Near ICICI Towers), Financial District, Gachibowli, Hyderabad, Telangana
Board Of Directors
  • Mr.A Madhavarao Chairman & Managing Director
  • Mr.N Srinivasalu Director – Finance & CFO
  • Mr.Anurag Bajpai Government Nominee Director
  • Mr.U Raja Babu Government Nominee Director
  • Mr.Sunil Chintaman Mone Independent Director
  • Dr.Pawan Sthapak Independent Director
  • Mr.Nandakumar Subbaraman Independent Director
  • Mr.Jashwant Lal Independent Director Prof.
  • (Dr)Sangamitra Mishra Independent Director
  • Mr.Rajendra Kumar Shekhawat Independent Director
Official Websitebdl-india.in

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Bharat Dynamics Business Profile

In 1970, Bharat Dynamics was set up in Hyderabad by the Indian government as a Defence ministry body. In 2000, it was recognized by the state as a Mini- Ratna – Category – I Company. The company created the first ever surface-to-surface missile in the country known as Prithvi. Over time, this has become one of India’s best defence projects where every missile has been in operation including Prithvi, Akash, and Agni.

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Products

The company is solely responsible for the production of Missiles and Torpedoes and acts as the Armed Forces’ Weapon System integrator. The countermeasure dispensing system (CMDS), a solution that addresses the needs of the Armed Forces, was also part of its design and development. The company not only specializes in developing Anti Tank Guided Missile (ATGM), Surface to Air Missile Weapon Systems, Air to Air Missile weapon System, unmarked water weapon systems and associated equipment but it also refurbishes them.

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Business

The company gives Ground Equipment, Launchers, Missiles, Underwater Weapons & Decoys, Air Borne Opposition Measures, Weapon Scheme Integrator, Combine of Airborne System with Raised Framework and Makeover.

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Manufacturing units

The manufacturer’s three factories are situated at Kanchanbagh, Hyderabad in Telangana State, Bhanu and Visakhapatnam both in Telangana and Andhra Pradesh respectively. New plants are being established by the company at Amaravati, Maharashtra, Pune in Maharashtra, lbriampatnam, Telangana and Jhansi (UP) locations. At the lbriampatnam unit, a static test facility has been put up by the manufacturer to ensure safety in all its products.

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The company also put up a solar energy station in Bhanur Unit and another one in Ibrahimpatnam Unit in the state of Telangana with a power output of five mega watts. Seeker Facility, Warhead Production facility were constructed by the company as well as began the project to set up a High Temperature Carbon Composite manufacturing plant in Hyderabad. In Hyderabad the company has Surface Mount Technology and High Performance Computing facilities whereas, in Vizag Unit an Environmental test Facility was set up by the company.

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Order Book

In the first half of financial year 2024 (FY24), the company got new orders worth approximately Rs. 1,659 billion which increased their order book for the first half of financial year 2024 (H1FY24) to Rs. 20,766 billion. The company aims at generating revenues totaling Rs. 3,200 billion and, as of H1FY24, Bharat Dynamics Limited (BDL) had export orders amounting to about Rs. 2,600 billion.

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Bharat Dynamics Fundamentals & Quarterly Results

TermsValue
Market Cap₹ 55,028 Cr.
Current Price₹ 1,501
High / Low₹ 1,663 / 450
Stock P/E89.8
Book Value₹ 99.2
Dividend Yield0.30 %
ROCE24.2 %
ROE17.9 %
Face Value₹ 5.00
Debt to equity0.00
Debt Capacity0.13
Debt preceding year₹ 9.27 Cr.
Debt₹ 3.75 Cr.
Reserves₹ 3,454 Cr.
EPS₹ 16.7
EPS last year₹ 16.7
Pledged percentage0.00 %
FCF Prev Ann₹ 2,022 Cr.
EVEBITDA56.6
Industry PE67.2
PEG Ratio11.6
Piotroski score6.00
Earnings yield1.65 %
Sales growth 5Years-5.05 %

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Bharat Dynamics Quarterly Results

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales +8041,381695535462798298616602854
Expenses +514977653441373615330482483538
Operating Profit290404429489183-33134119316
OPM %36%29%6%18%19%23%-11%22%20%37%
Other Income +35-537453637107788888
Interest1121111111
Depreciation25212321191417171616
Profit before tax2993785311710620657194189388
Tax %29%30%25%35%21%26%27%24%29%26%
Net Profit +21326440768415342147135289
EPS in Rs5.827.211.092.072.284.171.144.013.687.88

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CAGR Report

Compounded Sales Growth
10 Years%
5 Years-5%
3 Years7%
TTM-5%
Compounded Profit Growth
10 Years%
5 Years8%
3 Years33%
TTM74%
Stock Price CAGR
10 Years%
5 Years58%
3 Years102%
1 Year164%
Return on Equity
10 Years%
5 Years16%
3 Years16%
Last Year18%

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Bharat Dynamics Shareholding Pattern

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters +74.93%74.93%74.93%74.93%74.93%74.93%74.93%
FIIs +2.88%3.24%2.83%3.36%3.09%3.09%2.95%
DIIs +13.00%12.39%14.10%13.78%12.81%13.32%12.39%
Government +0.00%0.01%0.00%0.00%0.00%0.00%0.00%
Public +9.18%9.43%8.15%7.92%9.17%8.64%9.72%
No. of Shareholders1,69,8691,77,5961,66,5011,67,1831,96,5662,05,8872,48,158

Bharat Dynamics Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹2087.8₹2557.11₹2838.7
2025₹2895₹2721₹3248
2026₹3313₹3114₹3718
2027₹3792₹3564₹4254
2028₹4339₹4079₹4869
2029₹4966₹4667₹5571
2030₹5682₹5341₹6376

Bharat Dynamics Share Price Target 2025

MonthTarget
January₹2895
February₹2953
March₹3012
April₹2912
May₹2815
June₹2721
July₹2830
August₹2943
September₹3061
October₹3122
November₹3184
December₹3248

Bharat Dynamics Share Price Target 2026

MonthTarget
January₹3313
February₹3379
March₹3447
April₹3332
May₹3221
June₹3114
July₹3239
August₹3369
September₹3504
October₹3574
November₹3645
December₹3718

Bharat Dynamics Share Price Target 2027

MonthTarget
January₹3792
February₹3868
March₹3945
April₹3814
May₹3687
June₹3564
July₹3707
August₹3855
September₹4009
October₹4089
November₹4171
December₹4254

Bharat Dynamics Share Price Target 2028

MonthTarget
January₹4339
February₹4426
March₹4515
April₹4365
May₹4220
June₹4079
July₹4242
August₹4412
September₹4588
October₹4680
November₹4774
December₹4869

Bharat Dynamics Share Price Target 2029

MonthTarget
January₹4966
February₹5065
March₹5166
April₹4994
May₹4828
June₹4667
July₹4854
August₹5048
September₹5250
October₹5355
November₹5462
December₹5571

Bharat Dynamics Share Price Target 2030

MonthTarget
January₹5682
February₹5796
March₹5912
April₹5715
May₹5525
June₹5341
July₹5555
August₹5777
September₹6008
October₹6128
November₹6251
December₹6376

Official Website- bdl-india.in

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