BHARAT DYNAMICS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,906 INR | -2.76% |
|
-3.42% | +11.29% |
| 03-25 | Avantel Bags INR28.6 Million Order from Bharat Dynamics | MT |
| 03-21 | Bharat Dynamics Board Declares Interim Dividend for Fiscal 2024 | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 51,924 | 33,935 | 100,676 | 181,210 | 359,158 | - | - |
| Enterprise Value (EV) 1 | 51,924 | 33,935 | 100,676 | 142,674 | 341,619 | 340,418 | 333,241 |
| P/E ratio | - | 6.35 x | 20.1 x | 51.4 x | 66.8 x | 49 x | 35.5 x |
| Yield | - | 4.75% | 1.51% | 0.95% | 0.54% | 0.6% | 0.7% |
| Capitalization / Revenue | 1.69 x | 1.1 x | 3.57 x | 7.28 x | 12.4 x | 9.27 x | 6.87 x |
| EV / Revenue | 1.69 x | 1.1 x | 3.57 x | 5.73 x | 11.8 x | 8.79 x | 6.38 x |
| EV / EBITDA | 6.85 x | 4.66 x | 13.9 x | 35 x | 61.7 x | 43.6 x | 29.9 x |
| EV / FCF | - | 7.59 x | 23.5 x | 7.06 x | 1,124 x | -721 x | 128 x |
| FCF Yield | - | 13.2% | 4.25% | 14.2% | 0.09% | -0.14% | 0.78% |
| Price to Book | 2.29 x | 1.3 x | 3.32 x | 5.64 x | 9.96 x | 8.57 x | 7.14 x |
| Nbr of stocks (in thousands) | 183,281 | 183,281 | 183,281 | 183,281 | 183,281 | - | - |
| Reference price 2 | 283.3 | 185.2 | 549.3 | 988.7 | 1,960 | 1,960 | 1,960 |
| Announcement Date | 30/05/19 | 29/06/20 | 26/05/22 | 25/05/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,693 | 30,952 | 28,174 | 24,894 | 28,946 | 38,724 | 52,248 |
| EBITDA 1 | 7,581 | 7,276 | 7,261 | 4,082 | 5,540 | 7,800 | 11,137 |
| EBIT 1 | - | 6,311 | 6,357 | - | 4,782 | 7,318 | 10,935 |
| Operating Margin | - | 20.39% | 22.56% | - | 16.52% | 18.9% | 20.93% |
| Earnings before Tax (EBT) 1 | - | 7,425 | 7,099 | 4,818 | 7,188 | 9,388 | 12,654 |
| Net income 1 | - | 5,349 | 4,999 | 3,522 | 5,380 | 7,329 | 10,118 |
| Net margin | - | 17.28% | 17.74% | 14.15% | 18.58% | 18.93% | 19.37% |
| EPS 2 | - | 29.18 | 27.28 | 19.22 | 29.35 | 39.98 | 55.20 |
| Free Cash Flow 1 | - | 4,473 | 4,276 | 20,220 | 304 | -472 | 2,611 |
| FCF margin | - | 14.45% | 15.18% | 81.22% | 1.05% | -1.22% | 5% |
| FCF Conversion (EBITDA) | - | 61.48% | 58.89% | 495.35% | 5.49% | - | 23.44% |
| FCF Conversion (Net income) | - | 83.63% | 85.54% | 574.15% | 5.65% | - | 25.8% |
| Dividend per Share 2 | - | 8.800 | 8.300 | 9.350 | 10.53 | 11.70 | 13.70 |
| Announcement Date | 30/05/19 | 29/06/20 | 26/05/22 | 25/05/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,593 | 5,038 | 8,039 | 13,811 | 6,948 | 5,348 | 4,616 | 7,983 | - | 5,766 | 7,891 | 8,356 |
| EBITDA 1 | 397.4 | 661.4 | 2,895 | 4,041 | 420.1 | 938.5 | - | 1,834 | - | 890.5 | 1,613 | 1,578 |
| EBIT | - | - | - | - | - | - | - | - | - | - | 1,019 | 967 |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | 12.91% | 11.57% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | 995 | 2,020 | - |
| Net income 1 | - | - | - | 2,644 | - | - | - | - | 418.2 | 892 | 1,754 | 1,301 |
| Net margin | - | - | - | 19.14% | - | - | - | - | - | 15.47% | 22.23% | 15.57% |
| EPS 2 | - | - | - | - | - | - | - | - | 2.280 | 4.000 | 8.000 | 7.100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 12/02/21 | 11/11/21 | 14/02/22 | 26/05/22 | 12/08/22 | 11/11/22 | 25/02/23 | 25/05/23 | 04/08/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 38,537 | 17,539 | 18,740 | 25,917 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 4,473 | 4,276 | 20,220 | 304 | -472 | 2,611 |
| ROE (net income / shareholders' equity) | 20% | 21.9% | 17.5% | 11.3% | 15.8% | 19.6% | 21.7% |
| ROA (Net income/ Total Assets) | - | 9.59% | 6.34% | 4.62% | 5.1% | 5.7% | 6.7% |
| Assets 1 | - | 55,765 | 78,852 | 76,182 | 105,480 | 128,579 | 151,022 |
| Book Value Per Share 2 | 124.0 | 142.0 | 165.0 | 175.0 | 197.0 | 229.0 | 274.0 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 569 | 1,020 | 1,083 | 764 | 800 | 800 |
| Capex / Sales | - | 1.84% | 3.62% | 4.35% | 2.64% | 2.07% | 1.53% |
| Announcement Date | 30/05/19 | 29/06/20 | 26/05/22 | 25/05/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.29% | 4.31B | |
| +20.51% | 135B | |
| +0.20% | 69.42B | |
| +22.60% | 51.47B | |
| +39.51% | 43.89B | |
| +0.75% | 40.26B | |
| +36.11% | 31.44B | |
| +88.78% | 25.1B | |
| +23.31% | 24.04B | |
| +25.86% | 20.53B |
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