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Business Standard
30-05-2025
- 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).
Mint
27-05-2025
- Business
- Mint
BDL Q4 Results: Standalone profit, EBITDA declines; declares dividend of ₹0.65
BDL Q4 results: Bharat Dynamics (BDL) on Tuesday, May 27, reported a 5.54 per cent year-on-year (YoY) fall in its Q4FY25 standalone net profit to ₹ 272.77 crore against a profit of ₹ 288.78 crore in the same quarter of the previous financial year. Total revenue from operations, however, more than doubled to ₹ 1,776.98 crore in Q4FY25 from ₹ 854.12 crore in Q4FY24. The defence company's total expenses during the quarter jumped nearly threefold, to ₹ 1,498.37 crore from ₹ 554.73 crore in Q4FY24. Standalone EBITDA for the quarter under review stood at ₹ 398.54 crore, down 1.57 per cent YoY against ₹ 404.90 crore in Q4FY24. EBITDA margin for Q4FY25 stood at 22.43 per cent against 47.41 per cent YoY. The board of directors of the company recommended a final dividend of ₹ 0.65 per equity share of ₹ 5 each. "We would like to inform you that the board of directors of the company has recommended a final dividend at ₹ 0.65 per share (face value of ₹ 5 each) for the year ended 31 March 2025. This dividend, upon approval by the shareholders at the ensuing Annual General Meeting (AGM), will be paid within 30 days from the date of the AGM," the company said in an exchange filing. The company had paid an interim dividend of ₹ 4 per equity share of ₹ 5 each for the year 2024-25 in February 2025. BDL share price ended 2.68 pr cent higher at ₹ 1,959.80 on the BSE on May 27. Meanwhile, the stock exchange sought a clarification from Bharat Dynamics regarding a Moneycontrol report that claimed the government is preparing an order worth ₹ 2,000–3,000 crore to procure Invar missiles from the company. As of 5:20 PM on May 27, Bharat Dynamics had not issued a response to the exchange.
Mint
27-05-2025
- Business
- Mint
BDL Q4 Results: Standalone profit, EBITDA declines; declares dividend of ₹0.65
BDL Q4 results: Bharat Dynamics (BDL) on Tuesday, May 27, reported a 5.54 per cent year-on-year (YoY) fall in its Q4FY25 standalone net profit to ₹ 272.77 crore against a profit of ₹ 288.78 crore in the same quarter of the previous financial year. Total revenue from operations, however, more than doubled to ₹ 1,776.98 crore in Q4FY25 from ₹ 854.12 crore in Q4FY24. The defence company's total expenses during the quarter jumped nearly threefold, to ₹ 1,498.37 crore from ₹ 554.73 crore in Q4FY24. Standalone EBITDA for the quarter under review stood at ₹ 398.54 crore, down 1.57 per cent YoY against ₹ 404.90 crore in Q4FY24. EBITDA margin for Q4FY25 stood at 22.43 per cent against 47.41 per cent YoY. The board of directors of the company recommended a final dividend of ₹ 0.65 per equity share of ₹ 5 each. "We would like to inform you that the board of directors of the company has recommended a final dividend at ₹ 0.65 per share (face value of ₹ 5 each) for the year ended 31 March 2025. This dividend, upon approval by the shareholders at the ensuing Annual General Meeting (AGM), will be paid within 30 days from the date of the AGM," the company said in an exchange filing. The company had paid an interim dividend of ₹ 4 per equity share of ₹ 5 each for the year 2024-25 in February 2025. BDL share price ended 2.68 pr cent higher at ₹ 1,959.80 on the BSE on May 27. Meanwhile, the stock exchange sought a clarification from Bharat Dynamics regarding a Moneycontrol report that claimed the government is preparing an order worth ₹ 2,000–3,000 crore to procure Invar missiles from the company. As of 5:20 PM on May 27, Bharat Dynamics had not issued a response to the exchange. Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions.
News18
27-05-2025
- Business
- News18
Govt To Procure Rs 2,000–3,000 Cr Invar Missile Order Form Bharat Dynamics; Shares Up 2%
Last Updated: The Ministry of Defence is finalising a procurement order for 500 Invar anti-tank guided missiles (ATGMs) from state-run Bharat Dynamics, say reports The Ministry of Defence is finalising a procurement order for 500 Invar anti-tank guided missiles (ATGMs) from state-run Bharat Dynamics Ltd (BDL), with the deal expected to be worth between Rs 2,000 crore and Rs 3,000 crore, has reported, citing a senior government official. The acquisition is part of a broader initiative to bolster India's armoured warfare capabilities by equipping T-90 main battle tanks with precision-guided missile systems. 'Invar missiles are designed to be launched from tank platforms. The Defence Ministry is finalising an order for 500 missiles from BDL, with the total expenditure expected to be in the range of Rs 2,000 crore–3,000 crore," the official told Moneycontrol. Known for their accuracy and effectiveness, Invar missiles are already deployed on India's frontline armoured units. The proposed order is currently undergoing financial vetting to determine the exact cost and, consequently, the level of approval it will require. 'Orders up to Rs 2,000 crore can be cleared by the Defence Minister. If the value is closer to Rs 3,000 crore, approval from the Finance Minister is needed. Deals exceeding Rs 3,000 crore must go through the Cabinet," the official said. Large-scale defence procurements such as this typically pass through the Defence Acquisition Council (DAC), which is chaired by the Defence Minister and can clear purchases up to Rs 2,000 crore. Beyond that, higher-level approvals come into play. Earlier this month, the DAC had approved emergency procurement worth approximately Rs 40,000 crore to bolster India's defence preparedness. The BDL missile order aligns with the Centre's 'Make in India' initiative to enhance self-reliance in defence manufacturing. Bharat Dynamics, a key supplier to the Indian armed forces, is known for producing a range of advanced missile systems. The missile acquisition is also expected to improve India's operational readiness, especially along the sensitive western and northern borders where the T-90 tanks are widely deployed. 'The emphasis on enhanced firepower underlines the strategic intent behind this order. BDL has already established a proven track record in delivering these systems," the official added. The move comes on the heels of Operation Sindoor, a recent high-precision military strike conducted by Indian forces in response to a deadly terror attack in Pahalgam. The operation, which targeted terrorist infrastructure in Pakistan and Pakistan-occupied Jammu & Kashmir, reportedly relied heavily on indigenous technologies including drones, electronic warfare, and layered air defence systems. This push for modernisation and indigenous sourcing has helped BDL solidify its strategic importance. The company currently holds an order book worth Rs 3,110 crore and expects 28–30% revenue growth in FY25. It has also made significant progress in localising critical components and plans to double its production over the next 3–5 years and triple it within a decade. Shares of Bharat Dynamics were up over 2% on Monday ahead of its Q4 earnings announcement, reflecting investor optimism over the potential deal and the company's long-term growth prospects. First Published: May 27, 2025, 14:05 IST
