Bharat Dynamics
Market Cap
₹61.4b
Last Updated
2021/01/24 12:02 UTC
Data Sources
Company Financials
Executive Summary
Bharat Dynamics Limited engages in the manufacture and sale of guided missiles and allied defense products in India. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Bharat Dynamics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BDL is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BDL's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.9%
BDL
-1.8%
IN Aerospace & Defense
-0.8%
IN Market
1 Year Return
10.5%
BDL
18.1%
IN Aerospace & Defense
15.1%
IN Market
Return vs Industry: BDL underperformed the Indian Aerospace & Defense industry which returned 18.1% over the past year.
Return vs Market: BDL underperformed the Indian Market which returned 15.1% over the past year.
Shareholder returns
| BDL | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | -1.8% | -0.8% |
| 30 Day | 1.9% | 12.4% | 4.5% |
| 90 Day | 10.2% | 31.9% | 21.3% |
| 1 Year | 13.8%10.5% | 24.4%18.1% | 17.2%15.1% |
| 3 Year | n/a | -20.0%-25.9% | 8.0%2.7% |
| 5 Year | n/a | 56.9%50.8% | 77.1%63.6% |
Long-Term Price Volatility Vs. Market
How volatile is Bharat Dynamics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Bharat Dynamics Limited's (NSE:BDL) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?1 month ago | Simply Wall St
Introducing Bharat Dynamics (NSE:BDL), A Stock That Climbed 18% In The Last Year2 months ago | Simply Wall St
Will the Promising Trends At Bharat Dynamics (NSE:BDL) Continue?Valuation
Is Bharat Dynamics undervalued compared to its fair value and its price relative to the market?
19.73x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BDL (₹335.2) is trading above our estimate of fair value (₹101.4)
Significantly Below Fair Value: BDL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BDL is poor value based on its PE Ratio (19.7x) compared to the IN Aerospace & Defense industry average (17.1x).
PE vs Market: BDL is poor value based on its PE Ratio (19.7x) compared to the Indian market (19x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BDL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BDL is overvalued based on its PB Ratio (2.5x) compared to the IN Aerospace & Defense industry average (2.1x).
Next Steps
Future Growth
How is Bharat Dynamics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.9%
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bharat Dynamics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Bharat Dynamics's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Bharat Dynamics competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Bharat Dynamics performed over the past 5 years?
-9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDL has high quality earnings.
Growing Profit Margin: BDL's current net profit margins (13.8%) are lower than last year (15.8%).
Past Earnings Growth Analysis
Earnings Trend: BDL's earnings have declined by 9.2% per year over the past 5 years.
Accelerating Growth: BDL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BDL had negative earnings growth (-35.6%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-20.2%).
Return on Equity
High ROE: BDL's Return on Equity (12.4%) is considered low.
Next Steps
Financial Health
How is Bharat Dynamics's financial position?
Financial Position Analysis
Short Term Liabilities: BDL's short term assets (₹48.3B) exceed its short term liabilities (₹26.4B).
Long Term Liabilities: BDL's short term assets (₹48.3B) exceed its long term liabilities (₹7.8B).
Debt to Equity History and Analysis
Debt Level: BDL is debt free.
Reducing Debt: BDL had no debt 5 years ago.
Debt Coverage: BDL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BDL has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Bharat Dynamics's current dividend yield, its reliability and sustainability?
2.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BDL's dividend (2.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.45%).
High Dividend: BDL's dividend (2.63%) is in the top 25% of dividend payers in the Indian market (1.86%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BDL has been paying a dividend for less than 10 years.
Growing Dividend: BDL's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15%), BDL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.7yrs
Average management tenure
CEO
Siddharth Mishra (57 yo)
1.83yrs
Tenure
₹5,250,998
Compensation
Cmde (Retd.) Siddharth Mishra is a Chairman and Managing Director at Bharat Dynamics Limited (BDL) since March 1, 2019. He was commissioned in the Electrical Branch of Indian Navy in 1985. Post retirement ...
CEO Compensation Analysis
Compensation vs Market: Siddharth's total compensation ($USD71.95K) is below average for companies of similar size in the Indian market ($USD392.35K).
Compensation vs Earnings: Siddharth's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 1.83yrs | ₹5.25m | no data | |
| Director of Technical & Whole Time Director | 2.33yrs | ₹4.99m | no data | |
| Company Secretary & Compliance Officer | no data | ₹2.21m | no data | |
| Director of Production & Whole Time Director | 1.58yrs | ₹5.26m | no data | |
| Director of Finance | 0.50yr | no data | no data | |
| Executive Director of Marketing | no data | no data | no data | |
| GM & Unit Head of IBU | no data | no data | no data | |
| General Manager of HR Corporate | no data | no data | no data | |
| Executive Director & Head of BU | no data | no data | no data | |
| Executive Director and Head of KBU & PSG | no data | no data | no data | |
| General Manager of HR | no data | no data | no data | |
| Chief Vigilance Officer | no data | no data | no data |
1.7yrs
Average Tenure
57yo
Average Age
Experienced Management: BDL's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 1.83yrs | ₹5.25m | no data | |
| Director of Technical & Whole Time Director | 2.33yrs | ₹4.99m | no data | |
| Director of Production & Whole Time Director | 1.58yrs | ₹5.26m | no data | |
| Director of Finance | 0.50yr | no data | no data | |
| Government Nominee Director | 4.83yrs | no data | no data | |
| Government Nominee Director | 2.08yrs | no data | no data |
2.0yrs
Average Tenure
57yo
Average Age
Experienced Board: BDL's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Bharat Dynamics Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bharat Dynamics Limited
- Ticker: BDL
- Exchange: NSEI
- Founded: 1970
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: ₹61.436b
- Shares outstanding: 183.28m
- Website: https://www.bdl-india.in
Number of Employees
Location
- Bharat Dynamics Limited
- Plot No. 38-39, TSFC Building
- Near (ICICI Towers)
- Hyderabad
- 500032
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 541143 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Mar 2018 |
| BDL | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Mar 2018 |
Biography
Bharat Dynamics Limited engages in the manufacture and sale of guided missiles and allied defense products in India. Its product portfolio includes surface to air missiles, anti-tank guided missiles, under...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 12:02 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.