Bharat Dynamics Ltd. (BDL) AI Stock Analysis

• Market Cap: ₹543.30B
• Dividend Yield: 0.33%
• Average Volume (3M): 88.01K
• Price to Earnings (P/E): 96.9
• Beta (1Y): 1.65
• Revenue Growth: 82.69%
• EPS Growth: 18.17%
• Country: IN
• Employees: 2,401
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 5.90
• Shares Outstanding: 366,562,500
• 10 Day Avg. Volume: 76,664
• 30 Day Avg. Volume: 88,007
• PEG Ratio: -8.03
• Price to Book (P/B): 11.39
• Price to Sales (P/S): 13.65
• P/FCF Ratio: 247.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,375.00
• Price Target Upside: -2.46% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹1,614.00 ▲(14.49% Upside)

Bharat Dynamics Ltd. scores moderately due to strong financial performance and a solid balance sheet, which are offset by mixed technical indicators and a high valuation. The high P/E ratio suggests potential overvaluation, while the technical analysis indicates a neutral market sentiment. The lack of earnings call and corporate events data means these factors do not influence the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding business operations and increased demand for products, enhancing long-term market position.

Balance Sheet Health

A strong balance sheet with low leverage enhances financial stability and provides flexibility for future investments.

Profitability Margins

Sustained profitability margins reflect efficient cost management and pricing power, supporting long-term financial health.

Negative Factors

EBIT Volatility

Volatility in EBIT suggests potential operational inefficiencies, which could impact profitability and strategic planning.

Free Cash Flow Growth

A slowdown in free cash flow growth may limit the company's ability to reinvest in business expansion and innovation.

EPS Growth

Negative EPS growth indicates declining profitability per share, which could affect investor confidence and stock performance.

Bharat Dynamics Ltd. Business Overview & Revenue Model

Company Description

Bharat Dynamics Limited engages in the manufacture and sale of guided missiles and allied defense products in India. It provides surface to air missiles, anti-tank guided missiles, underwater weapons, launchers, counter measures dispensing systems, test equipment, torpedoes, and mechanized infantry weapons, as well as anti-submarine warfare suite. The company offers its products to Indian Armed forces and government of India. It also exports its products. Bharat Dynamics Limited was incorporated in 1970 and is headquartered in Hyderabad, India.

How the Company Makes Money

BDL generates revenue primarily through the production and sale of defense equipment and missile systems to the Indian Armed Forces. The company's revenue model is largely based on government contracts and tenders, where it is awarded projects for defense manufacturing. Key revenue streams include the sale of missiles like the Akash and the Nag, along with associated equipment and systems. Additionally, BDL benefits from long-term contracts and agreements with the Ministry of Defence and various defense agencies, which provide a steady income flow. The company also engages in research and development partnerships with other defense entities, enhancing its capabilities and expanding its product offerings, which further contributes to its earnings.

Bharat Dynamics Ltd. Financial Statement Overview

Summary

Bharat Dynamics Ltd. demonstrates strong financial performance with robust revenue growth and a solid balance sheet. The company maintains a healthy profitability margin, though some fluctuations in EBIT could indicate operational risks. While cash flow management is generally positive, the slowdown in free cash flow growth warrants attention.

Income Statement

Bharat Dynamics Ltd. shows a strong financial performance with a healthy gross profit margin and net profit margin over recent years. The company experienced a significant revenue increase in the most recent year compared to the previous year, highlighting robust growth. However, the company's EBIT margin has shown some volatility over the years, which could indicate operational challenges.

Balance Sheet

The balance sheet of Bharat Dynamics Ltd. is strong, characterized by a low debt-to-equity ratio, indicating solid leverage management. The company's return on equity is impressive, reflecting efficient utilization of equity to generate profits. Additionally, the equity ratio suggests a stable financial structure with a high proportion of equity relative to total assets.

Cash Flow

The cash flow position of Bharat Dynamics Ltd. is adequate, with a positive free cash flow indicating efficiency in capital expenditure and operational management. However, there is a noticeable decline in free cash flow growth rate, which could pose future challenges. The operating cash flow to net income ratio remains stable, suggesting effective conversion of income to cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	34.02B	33.45B	23.69B	24.89B	28.17B	19.14B
Gross Profit	16.62B	16.32B	14.30B	12.68B	16.11B	10.49B
EBITDA	4.74B	4.70B	5.34B	4.06B	7.22B	3.41B
Net Income	5.61B	5.50B	6.13B	3.52B	5.00B	2.58B
Balance Sheet
Total Assets	0.00	117.42B	103.40B	86.72B	65.64B	59.62B
Cash, Cash Equivalents and Short-Term Investments	41.90B	41.90B	42.28B	38.59B	19.00B	15.61B
Total Debt	0.00	21.15M	37.41M	52.08M	65.27M	77.12M
Total Liabilities	-40.09B	77.34B	67.03B	54.61B	35.33B	32.77B
Stockholders Equity	40.09B	40.09B	36.37B	32.11B	30.31B	26.85B
Cash Flow
Free Cash Flow	0.00	1.84B	3.31B	20.22B	4.28B	10.11B
Operating Cash Flow	0.00	4.67B	4.12B	21.30B	5.30B	10.68B
Investing Cash Flow	0.00	-7.09B	-7.22B	-11.71B	-5.73B	-7.34B
Financing Cash Flow	0.00	-2.18B	-1.48B	-1.71B	-1.49B	-1.73B

Bharat Dynamics Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1409.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BDL, the sentiment is Negative. The current price of 1409.7 is below the 20-day moving average (MA) of 1492.56, below the 50-day MA of 1510.30, and below the 200-day MA of 1555.52, indicating a bearish trend. The MACD of -27.68 indicates Positive momentum. The RSI at 38.20 is Neutral, neither overbought nor oversold. The STOCH value of 14.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BDL.

Bharat Dynamics Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEL	76 Outperform	₹3.03T	53.27	―	0.62%	16.58%	25.45%
HAL	71 Outperform	₹3.13T	37.69	―	0.93%	3.05%	-0.57%
MAZDOCK	68 Neutral	₹1.08T	46.37	―	0.48%	12.22%	-9.22%
GRSE	67 Neutral	₹269.36B	43.70	―	0.83%	43.86%	60.18%
COCHINSHIP	65 Neutral	₹465.44B	55.35	―	0.61%	19.62%	-12.34%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BDL	61 Neutral	₹543.30B	96.88	―	0.33%	82.69%	18.17%

Bharat Dynamics Ltd. Corporate Events

Bharat Dynamics Secures Rs 2,095.70 Crore Missile Contract with Ministry of Defence

Bharat Dynamics Limited has secured a significant contract worth Rs 2,095.70 crore from the Ministry of Defence for the supply of Invar Anti-tank missiles to the Indian Army. This contract is set to be executed over a period of three years, reflecting the company’s strong positioning in the defense sector and its ongoing contribution to national security.