Bharat Dynamics Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 10, 2025, 12:42 pm

Market Cap	47,133 Cr.
Current Price	1,286
High / Low	1,795/842
Stock P/E	83.3
Book Value	102
Dividend Yield	0.41 %
ROCE	24.2 %
ROE	17.9 %
Face Value	5.00
PEG Ratio	4.89

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bharat Dynamics Ltd

Competitors of Bharat Dynamics Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MTAR Technologies Ltd	4,065 Cr.	1,323	2,200/1,152	90.9	228	0.00 %	11.4 %	8.37 %	10.0
DCX Systems Ltd	2,558 Cr.	229	452/200	48.9	102	0.00 %	9.27 %	8.08 %	2.00
Data Patterns (India) Ltd	9,406 Cr.	1,682	3,655/1,350	52.6	241	0.39 %	19.7 %	14.3 %	2.00
Paras Defence and Space Technologies Ltd	3,920 Cr.	973	1,593/666	67.2	119	0.00 %	11.4 %	7.96 %	10.0
Zen Technologies Ltd	13,190 Cr.	1,462	2,628/886	63.0	173	0.07 %	47.2 %	33.0 %	1.00
Industry Average	52,956.55 Cr	1,239.36		57.56	157.91	0.31%	23.17%	17.19%	4.45

All Competitor Stocks of Bharat Dynamics Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	804	1,381	695	535	462	798	298	616	602	854	191	545	832
Expenses	514	977	653	441	373	615	330	482	483	538	243	446	705
Operating Profit	290	404	42	94	89	183	-33	134	119	316	-52	99	127
OPM %	36%	29%	6%	18%	19%	23%	-11%	22%	20%	37%	-27%	18%	15%
Other Income	35	-5	37	45	36	37	107	78	88	88	80	86	84
Interest	1	1	2	1	1	1	1	1	1	1	1	1	1
Depreciation	25	21	23	21	19	14	17	17	16	16	16	18	18
Profit before tax	299	378	53	117	106	206	57	194	189	388	11	166	193
Tax %	29%	30%	25%	35%	21%	26%	27%	24%	29%	26%	36%	26%	24%
Net Profit	213	264	40	76	84	153	42	147	135	289	7	123	147
EPS in Rs	5.82	7.21	1.09	2.07	2.28	4.17	1.14	4.01	3.68	7.88	0.20	3.34	4.01

Last Updated: March 3, 2025, 5:16 pm

Below is a detailed analysis of the quarterly data for Bharat Dynamics Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 832.00 Cr.. The value appears strong and on an upward trend. It has increased from 545.00 Cr. (Sep 2024) to 832.00 Cr., marking an increase of 287.00 Cr..
For Expenses, as of Dec 2024, the value is 705.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 446.00 Cr. (Sep 2024) to 705.00 Cr., marking an increase of 259.00 Cr..
For Operating Profit, as of Dec 2024, the value is 127.00 Cr.. The value appears strong and on an upward trend. It has increased from 99.00 Cr. (Sep 2024) to 127.00 Cr., marking an increase of 28.00 Cr..
For OPM %, as of Dec 2024, the value is 15.00%. The value appears to be declining and may need further review. It has decreased from 18.00% (Sep 2024) to 15.00%, marking a decrease of 3.00%.
For Other Income, as of Dec 2024, the value is 84.00 Cr.. The value appears to be declining and may need further review. It has decreased from 86.00 Cr. (Sep 2024) to 84.00 Cr., marking a decrease of 2.00 Cr..
For Interest, as of Dec 2024, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 18.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 18.00 Cr..
For Profit before tax, as of Dec 2024, the value is 193.00 Cr.. The value appears strong and on an upward trend. It has increased from 166.00 Cr. (Sep 2024) to 193.00 Cr., marking an increase of 27.00 Cr..
For Tax %, as of Dec 2024, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Sep 2024) to 24.00%, marking a decrease of 2.00%.
For Net Profit, as of Dec 2024, the value is 147.00 Cr.. The value appears strong and on an upward trend. It has increased from 123.00 Cr. (Sep 2024) to 147.00 Cr., marking an increase of 24.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 4.01. The value appears strong and on an upward trend. It has increased from 3.34 (Sep 2024) to 4.01, marking an increase of 0.67.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:51 pm

Metric	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	956	1,076	2,841	4,079	4,887	4,588	3,069	3,105	1,914	2,817	2,489	2,369	2,422
Expenses	1,019	1,088	2,564	3,564	4,317	3,919	2,446	2,349	1,568	2,090	2,080	1,832	1,932
Operating Profit	-64	-12	277	515	569	669	623	756	346	727	409	537	490
OPM %	-7%	-1%	10%	13%	12%	15%	20%	24%	18%	26%	16%	23%	20%
Other Income	463	464	439	385	300	173	136	88	95	78	155	362	339
Interest	1	1	5	5	4	4	5	5	5	5	6	4	3
Depreciation	50	42	67	53	62	63	82	96	95	90	77	67	67
Profit before tax	348	409	644	841	803	774	671	742	341	710	482	828	758
Tax %	33%	32%	31%	33%	35%	32%	37%	28%	24%	30%	27%	26%
Net Profit	235	279	444	562	524	528	423	535	258	500	352	613	566
EPS in Rs	1,021.57	1,212.13	1,928.48	2,810.35	2,183.58	14.41	11.53	14.59	7.03	13.64	9.61	16.71	15.43
Dividend Payout %	20%	21%	19%	30%	30%	25%	30%	30%	52%	30%	49%	32%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	18.72%	26.58%	-6.76%	0.76%	-19.89%	26.48%	-51.78%	93.80%	-29.60%	74.15%
Change in YoY Net Profit Growth (%)	0.00%	7.85%	-33.34%	7.52%	-20.65%	46.36%	-78.25%	145.57%	-123.40%	103.75%

Bharat Dynamics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2023-2024.

Growth

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:	19%

Stock Price CAGR
10 Years:	%
5 Years:	64%
3 Years:	50%
1 Year:	45%

Return on Equity
10 Years:	%
5 Years:	16%
3 Years:	16%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:36 am

Month	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	115	115	115	98	122	183	183	183	183	183	183	183	183
Reserves	617	936	1,538	1,753	2,073	1,773	2,085	2,424	2,501	2,847	3,028	3,454	3,549
Borrowings	0	0	0	4	4	4	5	15	11	10	9	8	3
Other Liabilities	5,694	6,199	6,759	7,786	6,208	4,697	3,250	3,128	3,334	3,595	5,535	6,781	6,795
Total Liabilities	6,427	7,251	8,412	9,641	8,407	6,657	5,523	5,750	6,030	6,636	8,756	10,426	10,530
Fixed Assets	212	277	518	697	757	868	957	932	915	874	809	824	865
CWIP	45	70	142	126	136	130	47	42	22	41	74	73	97
Investments	1	1	3	3	3	239	4	4	5	0	0	0	4
Other Assets	6,169	6,904	7,749	8,815	7,511	5,420	4,516	4,771	5,089	5,721	7,873	9,530	9,564
Total Assets	6,427	7,251	8,412	9,641	8,407	6,657	5,523	5,750	6,030	6,636	8,756	10,426	10,530

Below is a detailed analysis of the balance sheet data for Bharat Dynamics Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹183.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 183.00 Cr..
For Reserves, as of Sep 2024, the value is ₹3,549.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,454.00 Cr. (Mar 2024) to ₹3,549.00 Cr., marking an increase of 95.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹3.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 8.00 Cr. (Mar 2024) to ₹3.00 Cr., marking a decrease of 5.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹6,795.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,781.00 Cr. (Mar 2024) to ₹6,795.00 Cr., marking an increase of 14.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹10,530.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10,426.00 Cr. (Mar 2024) to ₹10,530.00 Cr., marking an increase of 104.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹865.00 Cr.. The value appears strong and on an upward trend. It has increased from 824.00 Cr. (Mar 2024) to ₹865.00 Cr., marking an increase of 41.00 Cr..
For CWIP, as of Sep 2024, the value is ₹97.00 Cr.. The value appears strong and on an upward trend. It has increased from 73.00 Cr. (Mar 2024) to ₹97.00 Cr., marking an increase of 24.00 Cr..
For Investments, as of Sep 2024, the value is ₹4.00 Cr.. The value appears strong and on an upward trend. It has increased from 0.00 Cr. (Mar 2024) to ₹4.00 Cr., marking an increase of 4.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹9,564.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,530.00 Cr. (Mar 2024) to ₹9,564.00 Cr., marking an increase of 34.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹10,530.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,426.00 Cr. (Mar 2024) to ₹10,530.00 Cr., marking an increase of 104.00 Cr..

Notably, the Reserves (3,549.00 Cr.) exceed the Borrowings (3.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-64.00	-12.00	277.00	511.00	565.00	665.00	618.00	741.00	335.00	717.00	400.00	529.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	34	93	43	13	12	61	63	40	62	39	27	48
Inventory Days	373	534	286	302	276	254	380	222	636	534	584	841
Days Payable	99	153	100	202	186	129	115	83	322	171	142	325
Cash Conversion Cycle	307	475	230	114	101	186	328	178	375	403	469	564
Working Capital Days	-1,461	-1,137	-126	-106	-11	44	128	196	169	145	238	322
ROCE %		46%		48%	40%	37%	32%	31%	13%	26%	16%	24%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
FIIs	2.11%	2.40%	2.88%	3.24%	2.83%	3.36%	3.09%	3.09%	2.95%	3.06%	2.94%	3.09%
DIIs	16.38%	14.59%	13.00%	12.39%	14.10%	13.78%	12.81%	13.32%	12.39%	9.52%	8.46%	8.70%
Government	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	6.59%	8.08%	9.18%	9.43%	8.15%	7.92%	9.17%	8.64%	9.72%	12.49%	13.67%	13.26%
No. of Shareholders	1,12,648	1,55,036	1,69,869	1,77,596	1,66,501	1,67,183	1,96,566	2,05,887	2,48,158	4,98,630	5,90,374	5,94,284

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Flexi Cap Fund - Regular Plan	3,890,772	0.96	379.02	N/A	N/A	N/A
HDFC Balanced Advantage Fund - Regular Plan	3,865,105	0.59	376.52	3,865,105	2025-04-11	0%
Nippon India ELSS Tax Saver Fund	627,441	0.56	72.96	N/A	N/A	N/A
HDFC Capital Builder Value Fund - Regular Plan	700,000	1.21	68.19	N/A	N/A	N/A
Edelweiss Mid Cap Fund	535,737	1.46	62.29	N/A	N/A	N/A
Axis Midcap Fund	521,426	0.26	60.63	N/A	N/A	N/A
Nippon India Small Cap Fund	416,745	0.12	48.46	N/A	N/A	N/A
Edelweiss Small Cap Fund	333,668	1.38	38.8	N/A	N/A	N/A
Motilal Oswal Large and Midcap Fund	250,000	1.07	29.07	N/A	N/A	N/A
Nippon India Innovation Fund	225,000	2.44	26.16	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	33.43	19.22	27.28	14.06	29.18
Diluted EPS (Rs.)	33.43	19.22	27.28	14.06	29.18
Cash EPS (Rs.)	37.09	23.43	32.21	19.22	34.45
Book Value[Excl.RevalReserv]/Share (Rs.)	198.43	175.22	165.35	146.48	142.23
Book Value[Incl.RevalReserv]/Share (Rs.)	198.43	175.22	165.35	146.48	142.23
Dividend / Share (Rs.)	10.55	9.35	8.30	7.35	8.80
Revenue From Operations / Share (Rs.)	129.27	135.82	153.72	104.42	168.88
PBDIT / Share (Rs.)	49.02	30.75	45.68	23.97	46.02
PBIT / Share (Rs.)	45.36	26.54	40.75	18.81	40.76
PBT / Share (Rs.)	45.19	26.29	38.73	18.60	40.51
Net Profit / Share (Rs.)	33.43	19.22	27.28	14.06	29.18
PBDIT Margin (%)	37.91	22.63	29.71	22.95	27.25
PBIT Margin (%)	35.08	19.53	26.51	18.01	24.13
PBT Margin (%)	34.95	19.35	25.19	17.81	23.98
Net Profit Margin (%)	25.86	14.14	17.74	13.46	17.28
Return on Networth / Equity (%)	16.84	10.96	16.49	9.60	20.51
Return on Capital Employeed (%)	11.33	7.52	18.75	10.02	22.16
Return On Assets (%)	5.92	4.06	7.61	4.32	9.40
Asset Turnover Ratio (%)	0.24	0.32	0.44	0.32	0.55
Current Ratio (X)	3.07	3.45	2.14	1.94	1.98
Quick Ratio (X)	2.41	2.62	1.50	1.39	1.61
Inventory Turnover Ratio (X)	0.58	0.69	0.82	0.86	0.82
Dividend Payout Ratio (NP) (%)	30.06	47.61	29.14	65.77	21.41
Dividend Payout Ratio (CP) (%)	27.09	39.05	24.68	48.12	18.14
Earning Retention Ratio (%)	69.94	52.39	70.86	34.23	78.59
Cash Earning Retention Ratio (%)	72.91	60.95	75.32	51.88	81.86
Interest Coverage Ratio (X)	289.31	124.24	244.51	112.28	181.19
Interest Coverage Ratio (Post Tax) (X)	198.32	78.63	156.80	66.88	115.89
Enterprise Value (Cr.)	27869.55	14263.06	8118.62	4534.98	2735.79
EV / Net Operating Revenue (X)	11.76	5.73	2.88	2.37	0.88
EV / EBITDA (X)	31.02	25.31	9.70	10.32	3.24
MarketCap / Net Operating Revenue (X)	13.55	7.28	3.56	3.19	1.10
Retention Ratios (%)	69.93	52.38	70.85	34.22	78.58
Price / BV (X)	8.83	5.64	3.31	2.27	1.30
Price / Net Operating Revenue (X)	13.55	7.28	3.56	3.19	1.10
EarningsYield	0.01	0.01	0.04	0.04	0.15

After reviewing the key financial ratios for Bharat Dynamics Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 33.43. This value is within the healthy range. It has increased from 19.22 (Mar 23) to 33.43, marking an increase of 14.21.
For Diluted EPS (Rs.), as of Mar 24, the value is 33.43. This value is within the healthy range. It has increased from 19.22 (Mar 23) to 33.43, marking an increase of 14.21.
For Cash EPS (Rs.), as of Mar 24, the value is 37.09. This value is within the healthy range. It has increased from 23.43 (Mar 23) to 37.09, marking an increase of 13.66.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 198.43. It has increased from 175.22 (Mar 23) to 198.43, marking an increase of 23.21.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 198.43. It has increased from 175.22 (Mar 23) to 198.43, marking an increase of 23.21.
For Dividend / Share (Rs.), as of Mar 24, the value is 10.55. This value exceeds the healthy maximum of 3. It has increased from 9.35 (Mar 23) to 10.55, marking an increase of 1.20.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 129.27. It has decreased from 135.82 (Mar 23) to 129.27, marking a decrease of 6.55.
For PBDIT / Share (Rs.), as of Mar 24, the value is 49.02. This value is within the healthy range. It has increased from 30.75 (Mar 23) to 49.02, marking an increase of 18.27.
For PBIT / Share (Rs.), as of Mar 24, the value is 45.36. This value is within the healthy range. It has increased from 26.54 (Mar 23) to 45.36, marking an increase of 18.82.
For PBT / Share (Rs.), as of Mar 24, the value is 45.19. This value is within the healthy range. It has increased from 26.29 (Mar 23) to 45.19, marking an increase of 18.90.
For Net Profit / Share (Rs.), as of Mar 24, the value is 33.43. This value is within the healthy range. It has increased from 19.22 (Mar 23) to 33.43, marking an increase of 14.21.
For PBDIT Margin (%), as of Mar 24, the value is 37.91. This value is within the healthy range. It has increased from 22.63 (Mar 23) to 37.91, marking an increase of 15.28.
For PBIT Margin (%), as of Mar 24, the value is 35.08. This value exceeds the healthy maximum of 20. It has increased from 19.53 (Mar 23) to 35.08, marking an increase of 15.55.
For PBT Margin (%), as of Mar 24, the value is 34.95. This value is within the healthy range. It has increased from 19.35 (Mar 23) to 34.95, marking an increase of 15.60.
For Net Profit Margin (%), as of Mar 24, the value is 25.86. This value exceeds the healthy maximum of 10. It has increased from 14.14 (Mar 23) to 25.86, marking an increase of 11.72.
For Return on Networth / Equity (%), as of Mar 24, the value is 16.84. This value is within the healthy range. It has increased from 10.96 (Mar 23) to 16.84, marking an increase of 5.88.
For Return on Capital Employeed (%), as of Mar 24, the value is 11.33. This value is within the healthy range. It has increased from 7.52 (Mar 23) to 11.33, marking an increase of 3.81.
For Return On Assets (%), as of Mar 24, the value is 5.92. This value is within the healthy range. It has increased from 4.06 (Mar 23) to 5.92, marking an increase of 1.86.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.24. It has decreased from 0.32 (Mar 23) to 0.24, marking a decrease of 0.08.
For Current Ratio (X), as of Mar 24, the value is 3.07. This value exceeds the healthy maximum of 3. It has decreased from 3.45 (Mar 23) to 3.07, marking a decrease of 0.38.
For Quick Ratio (X), as of Mar 24, the value is 2.41. This value exceeds the healthy maximum of 2. It has decreased from 2.62 (Mar 23) to 2.41, marking a decrease of 0.21.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.58. This value is below the healthy minimum of 4. It has decreased from 0.69 (Mar 23) to 0.58, marking a decrease of 0.11.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 30.06. This value is within the healthy range. It has decreased from 47.61 (Mar 23) to 30.06, marking a decrease of 17.55.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 27.09. This value is within the healthy range. It has decreased from 39.05 (Mar 23) to 27.09, marking a decrease of 11.96.
For Earning Retention Ratio (%), as of Mar 24, the value is 69.94. This value is within the healthy range. It has increased from 52.39 (Mar 23) to 69.94, marking an increase of 17.55.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 72.91. This value exceeds the healthy maximum of 70. It has increased from 60.95 (Mar 23) to 72.91, marking an increase of 11.96.
For Interest Coverage Ratio (X), as of Mar 24, the value is 289.31. This value is within the healthy range. It has increased from 124.24 (Mar 23) to 289.31, marking an increase of 165.07.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 198.32. This value is within the healthy range. It has increased from 78.63 (Mar 23) to 198.32, marking an increase of 119.69.
For Enterprise Value (Cr.), as of Mar 24, the value is 27,869.55. It has increased from 14,263.06 (Mar 23) to 27,869.55, marking an increase of 13,606.49.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 11.76. This value exceeds the healthy maximum of 3. It has increased from 5.73 (Mar 23) to 11.76, marking an increase of 6.03.
For EV / EBITDA (X), as of Mar 24, the value is 31.02. This value exceeds the healthy maximum of 15. It has increased from 25.31 (Mar 23) to 31.02, marking an increase of 5.71.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 13.55. This value exceeds the healthy maximum of 3. It has increased from 7.28 (Mar 23) to 13.55, marking an increase of 6.27.
For Retention Ratios (%), as of Mar 24, the value is 69.93. This value is within the healthy range. It has increased from 52.38 (Mar 23) to 69.93, marking an increase of 17.55.
For Price / BV (X), as of Mar 24, the value is 8.83. This value exceeds the healthy maximum of 3. It has increased from 5.64 (Mar 23) to 8.83, marking an increase of 3.19.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 13.55. This value exceeds the healthy maximum of 3. It has increased from 7.28 (Mar 23) to 13.55, marking an increase of 6.27.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bharat Dynamics Ltd as of April 13, 2025 is: 1,221.70

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 13, 2025, Bharat Dynamics Ltd is Overvalued by 5.00% compared to the current share price 1,286.00

Intrinsic Value of Bharat Dynamics Ltd as of April 13, 2025 is: 1,429.71

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 13, 2025, Bharat Dynamics Ltd is Undervalued by 11.17% compared to the current share price 1,286.00

Last 5 Year EPS CAGR: 17.03%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 26.08%, which is a positive sign. The company has higher reserves (2,198.31 cr) compared to borrowings (5.62 cr), indicating strong financial stability. The company has shown consistent growth in sales (75.85 cr) and profit (642.38 cr) over the years.	The stock has a high average Working Capital Days of 83.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 310.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bharat Dynamics Ltd:
1. Net Profit Margin: 25.86%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 11.33% (Industry Average ROCE: 23.17%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.84% (Industry Average ROE: 17.19%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 198.32
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.41
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 83.3 (Industry average Stock P/E: 57.56)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Bharat Dynamics Ltd. is a Public Limited Listed company incorporated on 16/07/1970 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L24292TG1970GOI001353 and registration number is 001353. Currently Company is involved in the business activities of Manufacture of weapons and ammunition. Company's Total Operating Revenue is Rs. 2369.28 Cr. and Equity Capital is Rs. 183.28 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Aerospace & Defense	Kanchanbagh Post Hyderabad Telangana 500058	bdlitd@bdl-india.in http://www.bdl-india.in

Management
Name	Position Held
Mr. A Madhavarao	Chairman & Managing Director
Mr. Sunil Chintaman Mone	Independent Director
Mr. Nandakumar Subbaraman	Independent Director
Dr. Pawan Sthapak	Independent Director
Prof. (Dr) Sangamitra Mishra	Independent Director
Mr. Rajendra Kumar Shekhawat	Independent Director
Mr. Jashwant Lal	Independent Director
Mr. U Raja Babu	Government Director
Mr. Anurag Bajpai	Government Director
Mr. P V Raja Ram	Whole Time Director

FAQ

What is the intrinsic value of Bharat Dynamics Ltd?

Bharat Dynamics Ltd's intrinsic value (as of 13 April 2025) is ₹1221.70 — 5.00% lower the current market price of 1,286.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 47,133 Cr. market cap, FY2025-2026 high/low of ₹1,795/842, reserves of 3,549 Cr, and liabilities of 10,530 Cr.

What is the Market Cap of Bharat Dynamics Ltd?

The Market Cap of Bharat Dynamics Ltd is 47,133 Cr..

What is the current Stock Price of Bharat Dynamics Ltd as on 13 April 2025?

The current stock price of Bharat Dynamics Ltd as on 13 April 2025 is 1,286.

What is the High / Low of Bharat Dynamics Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Bharat Dynamics Ltd stocks is ₹1,795/842.

What is the Stock P/E of Bharat Dynamics Ltd?

The Stock P/E of Bharat Dynamics Ltd is 83.3.

What is the Book Value of Bharat Dynamics Ltd?

The Book Value of Bharat Dynamics Ltd is 102.

What is the Dividend Yield of Bharat Dynamics Ltd?

The Dividend Yield of Bharat Dynamics Ltd is 0.41 %.

What is the ROCE of Bharat Dynamics Ltd?

The ROCE of Bharat Dynamics Ltd is 24.2 %.

What is the ROE of Bharat Dynamics Ltd?

The ROE of Bharat Dynamics Ltd is 17.9 %.

What is the Face Value of Bharat Dynamics Ltd?

The Face Value of Bharat Dynamics Ltd is 5.00.