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Mint
5 days ago
- Business
- Mint
Mazagon Dock vs Bharat Dynamics vs BEL: Which PSU defence stock to buy after Q4 results 2025?
Indian defence stocks have recently drawn investor interest amid escalating tensions between India and Pakistan, coupled with the government's continued push towards indigenisation in defence manufacturing. Shares of defence PSUs (public sector undertakings) such as Bharat Dynamics (BDL), BEML, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyards have recently witnessed robust momentum. Among these, BEL, BDL, and Mazagon Dock Shipbuilders have recently announced their Q4FY25 results. Here is a comparative analysis of their performance and insights into which defence stock to buy after Q4 results 2025. Bharat Electronics Ltd (BEL) reported a net profit of ₹ 2,105 crore for Q4FY25, marking an 18% increase from ₹ 1,784 crore in the corresponding quarter of the previous year. The defence company's revenue from core operations rose 7% YoY to ₹ 9,119.7 crore. As of April 1, 2025, BEL's order book stood at a robust ₹ 71,650 crore. The board recommended a final dividend of ₹ 0.90 per equity share of face value ₹ 1 each. Bharat Dynamics posted a 5.54% YoY decline in net profit to ₹ 272.77 crore for Q4FY25. However, its total revenue from operations more than doubled, rising to ₹ 1,776.98 crore from ₹ 854.12 crore a year earlier. The defence PSU's board recommended a final dividend of ₹ 0.65 per equity share of ₹ 5 each. Mazagon Dock Shipbuilders reported a sharp 51% YoY decline in net profit to ₹ 325.3 crore for Q4FY25. Revenue from operations rose modestly by 2.3% YoY to ₹ 3,174.4 crore. The board declared a final dividend of ₹ 2.71 per equity share of ₹ 5 each. Among the three, Bharat Electronics (BEL) has emerged as the strongest contender based on Q4 results, according to Seema Srivastava, Senior Research Analyst at SMC Global Securities. BEL's strength is underpinned by a healthy order book, particularly in radar and electronic warfare systems. In contrast, BDL's profitability declined, and MDL saw a sharp drop in net profit. 'BEL stands out as a stable investment opportunity due to its consistent earnings, large order pipeline, and diversified portfolio,' Srivastava noted. She added that while Bharat Dynamics and Mazagon Dock benefit from their strategic role in India's defence ecosystem, short-term market sentiment remains cautious. 'For investors focused on long-term growth in India's defense sector, BEL appears to be the most attractive defence stock pick post-Q4 results. However, it's essential to keep an eye on Mazagon Dock's volatility and BDL's recovery potential, as both companies have their strengths and weaknesses,' Srivastava said. From a technical perspective, Bharat Electronics currently exhibits the most promising setup, said Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi. 'On the weekly chart, BEL share price is forming a bullish flag pattern, which typically signals the potential for strong upward momentum. Bharat Electronics shares have also been consistently sustaining above the 1.28 Fibonacci retracement level from their March low, which lies at ₹ 370 — now acting as a key support zone. Bharat Electronics share price is currently trading around ₹ 385, offering an attractive risk-reward ratio,' Dongre explained. Bharat Dynamics share price is currently in a consolidation phase, oscillating between ₹ 1,800 and ₹ 2,030. The stock is yet to break above the 1.28 Fibonacci retracement level from its March low. Dongre advised waiting for a breakout above this range for a clearer directional signal. Mazagon Dock share price has already approached the 1.618 Fibonacci extension level from its March low, effectively meeting its projected technical targets. 'With the stock nearing its extended resistance zone, the immediate upside appears limited. As such, it may not offer a favourable entry point for new positions in the near term,' Dongre said. Both on fundamental and technical grounds, Bharat Electronics emerges as the strongest defence stock pick among Mazagon Dock Shipbuilders and Bharat Dynamics post-Q4 results 2025. 'Between Mazagon Dock, Bharat Dynamics, and BEL, BEL clearly stands out with its bullish chart pattern, support above a key Fibonacci level, and breakout confirmation. For investors seeking a technically robust opportunity, BEL is a favourable pick in the ₹ 385 – ₹ 390 range, with a target of ₹ 420 – ₹ 440 and a stop-loss at ₹ 370,' Dongre said. Backed by robust financial performance, a strong order book, favourable technical structure, and strategic relevance, BEL offers a balanced proposition for both long-term investors and short-term traders. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
6 days ago
- Business
- Business Standard
Explained: Why Bharat Dynamics shares jumped 6% today, 131% from March low
Bharat Dynamics share price today Bharat Dynamics Limited (BDL) share price hit a new high of ₹2,096.60, soaring 6 per cent on the National Stock Exchange (NSE) in Friday's intraday trade, as the stock of the state-owned company got added to the futures and options (F&O) segment effective today i.e. May 30, 2025. In the past four weeks, the stock price of the aerospace and defence company has rallied 41 per cent. Further, the stock has zoomed 131 per cent from its three-month low of ₹908.90 touched on March 31, 2025. At 11:26 AM, BDL was quoting 5 per cent higher at ₹2,073.20 as compared to 0.24 per cent decline in the Nifty 50. Around 6.4 million equity shares have cumulatively changed hands on the NSE and BSE. Bharat Dynamics included in F&O segment According to media reports, the government has readied ₹2,000 crore-₹3,000 crore order to buy Invar missiles from BDL. BDL, however, clarified that there is no requirement of any negotiation. BDL's contracts, being a PSU under the Ministry of Defence, are confidential and classified in nature. Divulging information on the same may be detrimental to national security. India's defence production touched a record ₹1.46 trillion in FY25 India's annual defence production reached an all-time high of ₹1.46 trillion in 2024-25 (FY25), marking an almost 15 per cent jump from the previous record of ₹1.27 trillion in FY24, Defence Minister Rajnath Singh said on Thursday. He said that defence exports also hit a record high in the previous financial year, crossing ₹24,000 crore, an increase of nearly 14 per cent from ₹21,083 crore in FY24. The ministry noted that Indian defence products now reach nearly 100 countries. Additionally, for the first time, the private sector will be allowed to participate in a major defence platform under the newly approved Advanced Medium Combat Aircraft (AMCA) execution model. Company outlook Going ahead, BDL's order backlog of ~Rs 27,000 crore (6.8x FY25 revenue) with robust pipeline, provides healthy revenue visibility over the medium to long term. However, steady execution with margin improvement will be the key things to watch out for in coming quarters, according to analysts. BDL primarily caters to the requirements of the Indian armed forces. With encouragement from the Government of India, BDL is actively exploring export markets. Further, with the Cabinet Committee on Security (CCS) providing clearance to export the Akash Weapon System to nine countries, BDL is gearing up to take up the export orders. BDL has placed significant emphasis on the export of Weapon Systems. To explore the export potential of its products, identify potential markets, and pursue export opportunities, an export cell has been established within the Business Development Division of BDL. About Bharat Dynamics Bharat Dynamics (BDL), a Government of India Enterprise under the Ministry of Defence was established at Hyderabad in the year 1970. It is engaged in the manufacturing of Missiles and allied Defence Equipments. The Company provides majority of its goods and services to the Indian Armed forces and Government of India. The Company has three manufacturing units, located at Kanchanbagh (Hyderabad) in Telangana, Bhanur (Sangareddy District), also in Telangana, and Visakhapatnam in Andhra Pradesh. BDL is in the process of setting up additional facilities at Amaravati (Maharashtra), lbrahimpatnam (Telangana) and Jhansi (Uttar Pradesh).
Economic Times
6 days ago
- Business
- Economic Times
Bharat Dynamics shares rally 6% as govt plans Rs 40,000 crore defence R&D push
Bharat Dynamics shares jumped 5.6% after reports said the government plans to raise defence R&D spending to Rs 40,000 crore next year and double it over five years, allowing private players to compete with PSUs. Separately, a Rs 2,000–3,000 crore missile order for BDL is in the works. The company is also expanding output amid rising demand. Tired of too many ads? Remove Ads Support for private sector, acquisition reform Tired of too many ads? Remove Ads Separate Rs 2,000–3,000 crore missile deal in pipeline Strategic context: Aftermath of Operation Sindoor Long-term tailwinds for BDL Tired of too many ads? Remove Ads Shares of Bharat Dynamics surged as much as 5.6% on Friday to Rs 2,082.75 on the BSE after a report indicated that the Indian government is preparing to sharply increase defence R&D spending to Rs 40,000 crore next year, with plans to double it over the next five years, while enabling private players to compete on equal footing with public sector to an ETNOW exclusive citing government sources, the Ministry of Defence is working on a proposal to significantly raise R&D expenditure—from around Rs 27,000 crore currently to nearly Rs 40,000 crore by next year—and further scale it up to Rs 70,000–80,000 crore over the next four to five government also plans to simplify the defence acquisition process and amend existing rules to 'create a level playing field for the private sector,' the report said. It further noted that 'private sector companies will also be allowed to bid for various projects alongside PSUs such as Hindustan Aeronautics Ltd Mazagon Dock Shipbuilders Ltd , and Bharat Dynamics Ltd.'Shares of Bharat Dynamics Ltd (BDL) jumped on the news, with high trading volumes underscoring strong investor interest. BDL is part of the Nifty Midcap 150 index, highlighting its significance within India's mid-cap equity space. Shares of Hindustan Aeronautics Ltd also rose as much as 1.2% to Rs 5,063 on the BSE during Friday's Ministry is reportedly 'working on a proposal to support defence R&D projects' and plans to ensure that 'the private sector is likely to receive financial support comparable to public sector companies,' ETNOW anticipated overhaul in R&D funding and procurement rules comes amid the government's broader push to boost indigenous defence manufacturing and reduce import dependence. The defence establishment also aims to accelerate development timelines for critical technologies by streamlining approvals and increasing private sector Bharat Dynamics is in focus following a May 27 Moneycontrol report that the Ministry of Defence is preparing a procurement order for 500 Invar anti-tank guided missiles (ATGMs) from the state-run firm. The deal is estimated to be worth between Rs 2,000 crore and Rs 3,000 missiles, known for their precision strike capabilities, will be deployed on India's T-90 main battle tanks. The proposal is currently under financial expected missile procurement follows Operation Sindoor, a precision military strike launched in response to a deadly terrorist attack in Pahalgam that claimed 26 civilian lives. The operation showcased India's increasing reliance on indigenous high-tech defence systems, including drones, air defence networks, and electronic warfare plan to equip T-90 tanks with Invar missiles from Bharat Dynamics aligns with the government's broader thrust on operational preparedness and domestic is well-positioned to benefit from India's expanding defence budget and modernisation drive. The company currently has an order book of Rs 3,110 crore and is targeting revenue growth of 28–30% in FY25. It has also made significant progress in indigenising critical components to reduce supply chain state-run missile maker is expanding its production capacity, aiming to double output in 3–5 years and triple it within the next decade to meet rising domestic and global demand.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
6 days ago
- Time of India
American Airlines' Connecticut-Chicago flight declares emergency, turns back. Here's why
A flight from Connecticut to Chicago was forced to turn back on Tuesday night after American Airlines declared a mid-air emergency following a violent outburst by a passenger. According to federal authorities, 24-year-old Julius Jordan Priester, a Kansas man with a criminal history, is now facing federal charges for interfering with flight crew members and attendants—a serious offense that carries a maximum sentence of 20 years in prison. The incident occurred around 10 p.m., approximately 30 minutes into the one-hour flight. A news release from the U.S. Attorney's Office in Connecticut stated that Priester began behaving erratically. He reportedly removed his shirt and ran to the back of the plane, shouting, 'Help me!' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homeowners can claim a free boiler upgrade if they live in these postcodes Eco Green Tips Apply Now Undo He then grabbed a flight attendant by the shirt collar, forced the crew member to the ground, and shouted, 'You are coming with me.' Despite efforts to restrain him, Priester continued dragging the attendant up the aisle. Passengers eventually managed to push him back into his seat, where he became increasingly agitated and began speaking incoherently. Live Events The flight's captain declared an emergency and diverted the plane back to Bradley International Airport in Connecticut. Upon landing, Connecticut State Police boarded the aircraft and removed Priester, who was then taken to a hospital for evaluation. He was arrested there shortly after, according to the affidavit. American Airlines confirmed the incident in a statement: 'On May 27, American Eagle flight 3359, operated by Envoy, with service from Hartford (BDL) to Chicago (ORD), returned to BDL due to a disruptive customer. We do not tolerate violence, and we thank our team members for their professionalism and our customers for their assistance.'
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Business Standard
6 days ago
- Business
- Business Standard
Improved execution likely to drive growth gains for Bharat Dynamics
Bharat Dynamics sees strong revenue visibility with easing supply chain hurdles and robust orders, though near-term stock upside may be capped due to rich valuations Mumbai Defence major Bharat Dynamics (BDL), a public sector undertaking (PSU), reported a mixed performance in the fourth quarter of financial year 2024-25 (Q4FY25). While revenues doubled over the year-ago quarter, profitability was sub-par. The company's order inflows and backlog are healthy, which offers revenue visibility. However, brokerages believe the pace of execution is crucial for the company, which makes guided missile and allied equipment for the Indian armed forces. Analysts are positive on the medium- to long-term prospects of the stock, which is up 93 per cent in just three months. However, the near-term upside might be limited given that
