Live Bharat Dynamics Share Price Chart

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VOL 1239

Bharat Dynamics Performance

Days Range

Low: ₹1,780.10
High: ₹1,828.45
Previous Close ₹1,827.45
Open ₹1,824.20
Volume 4,39,145
Day’s Range ₹1,780.10 - ₹1,828.45
52W Range ₹878.50 - ₹1,984.80
Market Cap ₹33,493 Cr

Bharat Dynamics Fundamentals

ROCE (TTM) 7.62
P/E Ratio (TTM) 70.26
P/B Ratio 9.93
Industry P/E 44.52
Debt to Equity 0
ROE 12.61
EPS (TTM) 26.01
Dividend Yield 0.51
Book Value 184.06
Face Value 10

Bharat Dynamics Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales798.26297.72615.81601.62
Expenses628.77347.25499.21499.34
Profit before tax205.8157.14194.12189.1
Operating Profit152.7641.82147.09135.03
Net Profit152.7641.82147.09135.03
EPS in Rs8.332.288.037.37

About Bharat Dynamics

History

Bharat Dynamics Limited (BDL) is a prominent Indian organisation specialising in the production of ammunition and missile systems. Established in 1970 in Hyderabad, India, BDL’s primary mission was to become a manufacturing hub for guided weapon systems. It commenced its operations with a team of engineers sourced from Indian Ordnance Factories, DRDO, and aerospace industries.

BDL’s inaugural product was the first-generation anti-tank guided missile, known as the French SS11B1. This achievement resulted from a licensing agreement between the Government of India and Aerospatiale. BDL operates from three manufacturing units situated in Kanchanbagh, Hyderabad; Bhanur, Medak district; and Visakhapatnam, Andhra Pradesh.

Historically, India embarked on the development of indigenous missiles under the Integrated Guided Missile Development Programme (IGMDP). BDL played a pivotal role in this initiative, earning the distinction of being the Prime Production Agency. This association enabled BDL to acquire advanced manufacturing and program management skills and technologies.

In 2018, the Indian government divested 2.24 crore shares of Bharat Dynamics through an initial public offering (IPO) that took place from March 13th to March 15th of that year.

As a reliable partner aligning with the Concurrent Engineering Approaches adopted by DRDO in IGMDP, BDL contributed significantly to the development of India’s cutting-edge Surface-to-Surface Missile, Prithvi. The company successfully delivered Prithvi missiles to all three defence services as per their specifications.

BDL has also diversified its expertise into underwater weapon systems and air-to-air missiles, aided by technological support from DRDO and other stakeholders in the field.

In the fiscal year 2022-2023, BDL (Bharat Dynamics Limited) marked significant milestones with the establishment of several essential facilities. These include the inauguration of a cutting-edge Warhead Manufacturing Facility located at the Bhanur Unit, the launch of the Radio Frequency (RF) Seeker Facility at the Kanchanbagh Unit, and the introduction of a Central Storage Facility at the Visakhapatnam Unit.

Business Segments 

Bharat Dynamics Limited (BDL) has four main business segments:

  1. Missiles and Missile Systems: BDL is a leading manufacturer of missiles and missile systems in India. The company manufactures a wide range of missiles, including anti-tank missiles, air-to-air missiles, air-to-surface missiles, surface-to-air missiles, and surface-to-surface missiles. BDL’s missiles and missile systems are used by the Indian Armed Forces and other armed forces around the world.
  2. Underwater Weapons and Systems: BDL is also a leading manufacturer of underwater weapons and systems in India. The company manufactures a wide range of underwater weapons, including torpedoes, mines, and countermeasures. BDL’s underwater weapons and systems are used by the Indian Navy and other navies around the world.
  3. Airborne Products and Systems: BDL manufactures a wide range of airborne products and systems, including ejection seats, air-to-air refuelling systems, and missile launch systems. BDL’s airborne products and systems are used by the Indian Air Force and air forces around the world.
  4. Allied Defence Equipment and Systems: BDL also manufactures a wide range of allied defence equipment and systems, including simulators, training systems, and ground support equipment. BDL’s allied defence equipment and systems are used by the Indian Armed Forces and armed forces around the world.

Key Personnel

  1. A. Madhavarao, Chairman and Managing Director

Commodore A Madhavarao (Retd.) assumed charge as the Chairman and Managing Director of Bharat Dynamics Limited (BDL) on July 20, 2023. He has a diverse educational background, including degrees in electrical engineering, electronics, defence studies, finance, and management. With over three decades of experience in the Indian Navy, he played a significant role in various aspects of BDL’s operations, including product support, R&D, and supply chain management. He joined BDL in March 2020.  His contributions have been instrumental in advancing BDL’s capabilities, enhancing defence self-reliance, and securing contracts with both Indian and foreign armed forces, resulting in a healthy order book position for the company.

Management Outlook 

  • Bharat Dynamics Limited (BDL) is actively diversifying into new verticals such as guided bombs, drone-delivered payloads, warhead manufacturing, products for space applications, and propellants. This diversification is expected to create new business opportunities.
  • BDL is setting up new infrastructure facilities, including the RF SEEKER facility, Warhead Manufacturing Facility, SMT Line, High Computing Testing Facility, State-of-the-Art Stores and Environmental Test Facility, and a modular Automatic Storage and Retrieval System facility. These initiatives are aimed at enhancing self-reliance and supporting BDL’s growth.
  • BDL is focusing on exploring export opportunities in addition to serving the Indian Armed Forces. They are actively pursuing leads from friendly foreign countries to secure firm orders, aligning with the government’s push for self-reliance and reducing imports.
  • They anticipate further order consolidation in 2023–24, thanks to the positive Indigenisation List and opportunities to secure continuous orders from the Indian Armed Forces. BDL also aims to realise potential export orders, demonstrating confidence in the government’s policy initiatives and ease of doing business in India.
Parent Organisation Govt of India
Founded 1970
Managing Director Siddharth Mishra
NSE Symbol BDL

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Bharat Dynamics FAQs

What is the Share price of Bharat Dynamics (BDL)?

Bharat Dynamics (BDL) share price as of February 29, 2024, on NSE is Rs 1,809.05 (NSE) and Rs 1,805.10 (BSE) on BSE.

Can I buy Bharat Dynamics (BDL) shares?

Yes, You can buy Bharat Dynamics (BDL) shares by opening a Demat account with Angel One.

How do I buy Bharat Dynamics (BDL) from Angel One?

Bharat Dynamics (BDL) share can be brought through the following modes:
  1. Direct investment: You can buy Bharat Dynamics (BDL) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Bharat Dynamics (BDL) shares.

Is Bharat Dynamics a Debt free Company?

Yes, Bharat Dynamics is a debt free company.

What is the main business of Bharat Dynamics?

The main business of Bharat Dynamics is to manufacture and supply state-of-the-art guided missiles, ammunitions, air- borne products, underwater weapons, and other allied defence equipment for the armed forces of India.

Who are the promoters of Bharat Dynamics?

The main promoter of Bharat Dynamics is the President of India with a 74.93% shareholding.