Bharat Dynamics Limited is a public sector enterprise that is owned by the state and was established in 1970. It is involved in the production of missiles and ammunition as part of DRDO and has partnerships with foreign original equipment manufacturers. In the Mini Ratna category, it supplies ammunition and equipment to the Indian Army. In addition, the company has three manufacturing facilities and a research and development center in Hyderabad, Andhra Pradesh.
Bharat Dynamics Share Price Target 2024-2030
Bharat Dynamics Company (BDL) specializes in the production of guided missiles and allied protection tools, making it a significant player in India’s protection sector. As a result of its growing order book and strategic importance to India’s defense capabilities, the agency has seen extraordinary growth over the past year. Taking into account Bharat Dynamics’ new market normal performance, economic metrics, and institutional holdings, we determine the percentage charge goal in this evaluation from 2024 to 2030.
Bharat Dynamics Share Price Target Today Update
From its previous close of Rs 1,764 per share, the Bharat Dynamics share price today increased by 4.28 percent to Rs 1,840 per share. From 1,676 on March 18 to Rs 1,840 today, the BDL NSE stock has gained 9.72 percent in the last three days of trading. The company has met all of its goals set for the previous years; however, the goals set for this year are not yet being met, but they will soon be because of predictions made about stock exchanges. Shares of the company are in high demand, which has led to an increase in the company’s stock prices.
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What is Bharat Dynamics Ltd (BDL)?
The defense weapon manufacturer Bharat Dynamics Ltd. (BDL) manufactures missiles. Air-to-air missiles, underwater weapons, air defense systems, and mines are among their offerings. Countermeasures, submarine-launched decoys, heavy torpedoes, air-to-surface missiles, and testing equipment are also made by them. The development of cutting-edge and dependable defense equipment is the primary focus of BDL. There are four factories in the company. One is in Andhra Pradesh (Visakhapatnam), and three are in Telangana.
Bharat Dynamics Business Profile
The Indian government established Bharat Dynamics in 1970 as an arm of the Defense Ministry in Hyderabad. It received state recognition as a Mini-Ratna Category I Company in the year 2000. Prithvi, the nation’s first surface-to-surface missile, was developed by the company. Every missile, including Prithvi, Akash, and Agni, has been operational, making this one of India’s best defense projects over time.
- Products: The Armed Forces’ Weapon System integrator, the company is solely responsible for missile and torpedo production. Its design and development also included the countermeasure dispensing system (CMDS), a solution for the Armed Forces. The company not only makes anti-tank guided missiles (ATGM), surface-to-air missile systems, air-to-air missile systems, and unmarked water weapon systems and the equipment that goes with them, but it also fixes them up.
- Business: Ground Equipment, Launchers, Missiles, Underwater Weapons & Decoys, Airborne Opposition Measures, Weapon Scheme Integrator, Airborne System Combination with Raised Framework, and Makeover are all offered by the company.
- Manufacturing units: The manufacturer has three factories in Kanchanbagh, Hyderabad, Bhanu, and Visakhapatnam, both in Andhra Pradesh and Telangana, respectively. The company is opening up new facilities in Pune, Maharashtra, Amaravati, Telangana, Jhansi (UP), and Briampatnam, Maharashtra. The manufacturer has constructed a static test facility at the lbriampatnam unit to guarantee the safety of all of its products.
- Order Book: The company’s order book for the first half of fiscal year 2024 (H1FY24) increased to Rs. 20,766 billion as a result of receiving new orders in the amount of approximately Rs. 1,659 billion in the first half of fiscal year 2024 (FY24). Bharat Dynamics Limited (BDL) had export orders totaling approximately Rs. 2,600 billion as of H1FY24, and the company aims to generate revenues totaling Rs. 3,200 billion.
Bharat Dynamics Fundamentals & Quarterly Results
| Terms | Value |
| Market Cap | ₹ 55,028 Cr. |
| Current Price | ₹ 1,501 |
| High / Low | ₹ 1,663 / 450 |
| Stock P/E | 89.8 |
| Book Value | ₹ 99.2 |
| Dividend Yield | 0.30 % |
| ROCE | 24.2 % |
| ROE | 17.9 % |
| Face Value | ₹ 5.00 |
| Debt to equity | 0.00 |
| Debt Capacity | 0.13 |
| Debt preceding year | ₹ 9.27 Cr. |
| Debt | ₹ 3.75 Cr. |
| Reserves | ₹ 3,454 Cr. |
| EPS | ₹ 16.7 |
| EPS last year | ₹ 16.7 |
| Pledged percentage | 0.00 % |
| FCF Prev Ann | ₹ 2,022 Cr. |
| EVEBITDA | 56.6 |
| Industry PE | 67.2 |
| PEG Ratio | 11.6 |
| Piotroski score | 6.00 |
| Earnings yield | 1.65 % |
| Sales growth 5Years | -5.05 % |
Bharat Dynamics Quarterly Results
| Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Sales + | 804 | 1,381 | 695 | 535 | 462 | 798 | 298 | 616 | 602 | 854 |
| Expenses + | 514 | 977 | 653 | 441 | 373 | 615 | 330 | 482 | 483 | 538 |
| Operating Profit | 290 | 404 | 42 | 94 | 89 | 183 | -33 | 134 | 119 | 316 |
| OPM % | 36% | 29% | 6% | 18% | 19% | 23% | -11% | 22% | 20% | 37% |
| Other Income + | 35 | -5 | 37 | 45 | 36 | 37 | 107 | 78 | 88 | 88 |
| Interest | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 25 | 21 | 23 | 21 | 19 | 14 | 17 | 17 | 16 | 16 |
| Profit before tax | 299 | 378 | 53 | 117 | 106 | 206 | 57 | 194 | 189 | 388 |
| Tax % | 29% | 30% | 25% | 35% | 21% | 26% | 27% | 24% | 29% | 26% |
| Net Profit + | 213 | 264 | 40 | 76 | 84 | 153 | 42 | 147 | 135 | 289 |
| EPS in Rs | 5.82 | 7.21 | 1.09 | 2.07 | 2.28 | 4.17 | 1.14 | 4.01 | 3.68 | 7.88 |
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CAGR Report
| Compounded Sales Growth | |
| 10 Years | % |
| 5 Years | -5% |
| 3 Years | 7% |
| TTM | -5% |
| Compounded Profit Growth | |
| 10 Years | % |
| 5 Years | 8% |
| 3 Years | 33% |
| TTM | 74% |
| Stock Price CAGR | |
| 10 Years | % |
| 5 Years | 58% |
| 3 Years | 102% |
| 1 Year | 164% |
| Return on Equity | |
| 10 Years | % |
| 5 Years | 16% |
| 3 Years | 16% |
| Last Year | 18% |
Bharat Dynamics Shareholding Pattern
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 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 Shareholders | 1,69,869 | 1,77,596 | 1,66,501 | 1,67,183 | 1,96,566 | 2,05,887 | 2,48,158 |
Bharat Dynamics Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-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
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| 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
| Month | Target |
| January | ₹4339 |
| February | ₹4426 |
| March | ₹4515 |
| April | ₹4365 |
| May | ₹4220 |
| June | ₹4079 |
| July | ₹4242 |
| August | ₹4412 |
| September | ₹4588 |
| October | ₹4680 |
| November | ₹4774 |
| December | ₹4869 |
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Bharat Dynamics Share Price Target 2029
| Month | Target |
| 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
| Month | Target |
| January | ₹5682 |
| February | ₹5796 |
| March | ₹5912 |
| April | ₹5715 |
| May | ₹5525 |
| June | ₹5341 |
| July | ₹5555 |
| August | ₹5777 |
| September | ₹6008 |
| October | ₹6128 |
| November | ₹6251 |
| December | ₹6376 |
Final Words
From 2024 to 2030, Bharat Dynamics’ share price will rise due to its strong financial regular average performance, growth projects, and strategic significance in India’s protection sector. The company’s long-term success may be largely driven by its focus on innovation, export growth, and operational efficiency. Bharat Dynamics may also be an appealing funding option for investors seeking exposure to India’s protection industry, offering first-rate returns over the next few years.
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