Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 14 April, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Bharat Dynamics Ltd

About the Company - Bharat Dynamics Ltd

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. 2817.40 Cr. and Equity Capital is Rs. 183.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aerospace & DefenseKanchanbagh Post, Hyderabad Telangana 500058bdlitd@bdl-india.in
http://www.bdl-india.in
Management
NamePosition Held
Mr. A MadhavaraoChairman & Managing Director
Mr. N SrinivasaluDirector - Finance & CFO
Mr. Sunil Chintaman MoneIndependent Director
Mr. Nandakumar SubbaramanIndependent Director
Dr. Pawan SthapakIndependent Director
Prof. (Dr) Sangamitra MishraIndependent Director
Mr. Rajendra Kumar ShekhawatIndependent Director
Mr. Jashwant LalIndependent Director
Mr. U Raja BabuGovernment Nominee Director
Mr. Anurag BajpaiGovernment Nominee Director

Bharat Dynamics Ltd. Share Price Update

Share PriceValue
Today₹1,760.30
Previous Day₹1,768.80

Basic Stock Data of Bharat Dynamics Ltd

Last Updated: April 6, 2024, 9:32 am

Market Cap 31,873 Cr.
Current Price 1,739
High / Low1,985/900
Stock P/E66.8
Book Value 184
Dividend Yield0.53 %
ROCE15.6 %
ROE11.3 %
Face Value 10.0

Data Source: screener.in

Competitors of Bharat Dynamics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Praj Industries Ltd 9,412 Cr. 512650/33533.7 60.50.88 %31.0 %23.7 % 2.00
Lakshmi Machine Works Ltd 18,153 Cr. 16,99317,794/9,03145.2 2,3730.58 %22.9 %17.0 % 10.0
TD Power Systems Ltd (TDPS) 4,523 Cr. 290335/15636.6 42.00.17 %22.1 %16.9 % 2.00
Bright Solar Ltd 24.4 Cr. 9.7512.5/4.65 12.90.00 %0.33 %0.16 % 10.0
Walchandnagar Industries Ltd 983 Cr. 214269/60.4 52.80.00 %6.95 %44.0 % 2.00
Industry Average6,619.08 Cr3,603.7523.10508.240.33%16.66%20.35%5.20

Bharat Dynamics Ltd Quarterly Results

Month

Bharat Dynamics Ltd Quarterly Chart

Bharat Dynamics Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9561,0762,8414,0794,8874,5883,0693,1051,9142,8172,4892,173
Expenses1,0191,0882,5643,5644,3173,9192,4462,3491,5682,0902,0801,800
Operating Profit-64-12277515569669623756346727409374
OPM %-7%-1%10%13%12%15%20%24%18%26%16%17%
Other Income463464439385300173136889578155259
Interest115544555563
Depreciation504267536263829695907767
Profit before tax348409644841803774671742341710482563
Tax %33%32%31%33%35%32%37%28%24%30%27%
Net Profit235279444562524528423535258500352425
EPS in Rs2,043.132,424.263,856.965,750.084,288.8928.8223.0629.1814.0627.2819.2123.21
Dividend Payout %20%21%19%30%30%25%30%30%52%30%49%

Bharat Dynamics Ltd Profit & Loss Yearly Chart

Growth

Compounded Sales Growth
10 Years:9%
5 Years:-12%
3 Years:-7%
TTM:-25%
Compounded Profit Growth
10 Years:2%
5 Years:-8%
3 Years:-13%
TTM:-2%
Stock Price CAGR
10 Years:%
5 Years:41%
3 Years:71%
1 Year:75%
Return on Equity
10 Years:%
5 Years:16%
3 Years:13%
Last Year:11%

Bharat Dynamics Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11511511598122183183183183183183183
Reserves6179361,5381,7532,0731,7732,0852,4242,5012,8473,0283,190
Borrowings000444515111094
Other Liabilities5,6946,1996,7597,7866,2084,6973,2503,1283,3343,5955,5355,919
Total Liabilities6,4277,2518,4129,6418,4076,6575,5235,7506,0306,6368,7569,297
Fixed Assets212277518697757868957932915874809823
CWIP4570142126136130474222417455
Investments11333239445000
Other Assets6,1696,9047,7498,8157,5115,4204,5164,7715,0895,7217,8738,419
Total Assets6,4277,2518,4129,6418,4076,6575,5235,7506,0306,6368,7569,297

Bharat Dynamics Ltd Reserves and Borrowings Chart

Bharat Dynamics Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -765284-420-342845041,0685302,130
Cash from Investing Activity 23914931,047170-33-734-573-1,171
Cash from Financing Activity -72-324-166-769-268-191-173-149-171
Net Cash Flow-598109-583-63-15280162-192788

Bharat Dynamics Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3493431312616340623927
Inventory Days373534286302276254380222636534584
Days Payable9915310020218612911583322171142
Cash Conversion Cycle307475230114101186328178375403469
Working Capital Days-1,461-1,137-126-106-1144128196169145238
ROCE %46%48%40%37%32%31%13%26%16%

Bharat Dynamics Ltd Financial Efficiency Indicators Chart

Bharat Dynamics Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%74.93%
FIIs0.12%0.28%0.41%1.43%1.73%2.11%2.40%2.88%3.24%2.83%3.36%3.09%
DIIs17.76%17.52%17.92%17.56%17.38%16.38%14.59%13.00%12.39%14.10%13.78%12.81%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%
Public7.20%7.27%6.75%6.08%5.96%6.59%8.08%9.18%9.43%8.15%7.92%9.17%
No. of Shareholders1,28,4531,31,2091,24,3031,16,6421,10,4981,12,6481,55,0361,69,8691,77,5961,66,5011,67,1831,96,566

Bharat Dynamics Ltd Shareholding Pattern Chart

No. of Bharat Dynamics Ltd Shareholders

Bharat Dynamics Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Flexi Cap Fund - Regular Plan38907720.96379.02
HDFC Balanced Advantage Fund - Regular Plan38651050.59376.52
Nippon India ELSS Tax Saver Fund6274410.5672.96
HDFC Capital Builder Value Fund - Regular Plan7000001.2168.19
Edelweiss Mid Cap Fund5357371.4662.29
Axis Midcap Fund5214260.2660.63
Nippon India Small Cap Fund4167450.1248.46
Edelweiss Small Cap Fund3336681.3838.8
Motilal Oswal Large and Midcap Fund2500001.0729.07
Nippon India Innovation Fund2250002.4426.16

Bharat Dynamics Ltd ROCE Trend

Bharat Dynamics Ltd EPS Trend

Bharat Dynamics Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)19.2227.2814.0629.1823.06
Diluted EPS (Rs.)19.2227.2814.0629.1823.06
Cash EPS (Rs.)23.4332.2119.2234.4527.56
Book Value[Excl.RevalReserv]/Share (Rs.)175.22165.35146.48142.23123.77
Book Value[Incl.RevalReserv]/Share (Rs.)175.22165.35146.48142.23123.77
Dividend / Share (Rs.)9.358.307.358.806.92
Revenue From Operations / Share (Rs.)135.82153.72104.42168.88167.47
PBDIT / Share (Rs.)30.7545.6823.9746.0241.36
PBIT / Share (Rs.)26.5440.7518.8140.7636.86
PBT / Share (Rs.)26.2938.7318.6040.5136.63
Net Profit / Share (Rs.)19.2227.2814.0629.1823.06
PBDIT Margin (%)22.6329.7122.9527.2524.69
PBIT Margin (%)19.5326.5118.0124.1322.01
PBT Margin (%)19.3525.1917.8123.9821.87
Net Profit Margin (%)14.1417.7413.4617.2813.76
Return on Networth / Equity (%)10.9616.499.6020.5118.62
Return on Capital Employeed (%)7.5218.7510.0222.1626.50
Return On Assets (%)4.067.614.329.407.72
Asset Turnover Ratio (%)0.320.440.320.550.50
Current Ratio (X)3.452.141.941.981.48
Quick Ratio (X)2.621.501.391.610.90
Inventory Turnover Ratio (X)0.690.820.860.820.97
Dividend Payout Ratio (NP) (%)47.6129.1465.7721.4160.88
Dividend Payout Ratio (CP) (%)39.0524.6848.1218.1450.94
Earning Retention Ratio (%)52.3970.8634.2378.5939.12
Cash Earning Retention Ratio (%)60.9575.3251.8881.8649.06
Interest Coverage Ratio (X)124.24244.51112.28181.19179.19
Interest Coverage Ratio (Post Tax) (X)78.63156.8066.88115.89100.89
Enterprise Value (Cr.)14263.068118.624534.982735.794829.27
EV / Net Operating Revenue (X)5.732.882.370.881.57
EV / EBITDA (X)25.319.7010.323.246.37
MarketCap / Net Operating Revenue (X)7.283.563.191.101.69
Retention Ratios (%)52.3870.8534.2278.5839.11
Price / BV (X)5.643.312.271.302.29
Price / Net Operating Revenue (X)7.283.563.191.101.69
EarningsYield0.010.040.040.150.08

Bharat Dynamics Ltd Profitability Ratios (%)

Bharat Dynamics Ltd Liquidity Ratios

Bharat Dynamics Ltd Liquidity Ratios (%)

Bharat Dynamics Ltd Interest Coverage Ratios (%)

Bharat Dynamics Ltd Valuation Ratios

Fair Value of Bharat Dynamics Ltd Stock

Fair Value: 1396.27

The stock is overvalued by 19.71% compared to the current price ₹1739

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.

*Investments are subject to market risks

Strength and Weakness of Bharat Dynamics Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 26.27%, which is a positive sign.
  2. The company has higher reserves (2,063.75 cr) compared to borrowings (5.50 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (82.00 cr) and profit (610.67 cr) over the years.
  1. The stock has a high average Working Capital Days of 61.36, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 287.82, which may not be favorable.

FAQ

What is the latest fair value of Bharat Dynamics Ltd?

The latest fair value of Bharat Dynamics Ltd is 1396.27.

What is the Market Cap of Bharat Dynamics Ltd?

The Market Cap of Bharat Dynamics Ltd is 31,873 Cr..

What is the current Stock Price of Bharat Dynamics Ltd as on 13 April 2024?

The current stock price of Bharat Dynamics Ltd as on 13 April 2024 is 1,739.

What is the High / Low of Bharat Dynamics Ltd stocks in FY 2024?

In FY 2024, the High / Low of Bharat Dynamics Ltd stocks is ₹1,985/900.

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

The Stock P/E of Bharat Dynamics Ltd is 66.8.

What is the Book Value of Bharat Dynamics Ltd?

The Book Value of Bharat Dynamics Ltd is 184.

What is the Dividend Yield of Bharat Dynamics Ltd?

The Dividend Yield of Bharat Dynamics Ltd is 0.53 %.

What is the ROCE of Bharat Dynamics Ltd?

The ROCE of Bharat Dynamics Ltd is 15.6 %.

What is the ROE of Bharat Dynamics Ltd?

The ROE of Bharat Dynamics Ltd is 11.3 %.

What is the Face Value of Bharat Dynamics Ltd?

The Face Value of Bharat Dynamics Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bharat Dynamics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE