Bharat Dynamics Limited

NSEI:BDL Stock Report

Market Cap: ₹454.3b

Bharat Dynamics Valuation

Is BDL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BDL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BDL (₹1239.25) is trading above our estimate of fair value (₹148.1)

Significantly Below Fair Value: BDL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BDL?

Key metric: As BDL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BDL. This is calculated by dividing BDL's market cap by their current earnings.
What is BDL's PE Ratio?
PE Ratio82.1x
Earnings₹5.54b
Market Cap₹454.26b

Price to Earnings Ratio vs Peers

How does BDL's PE Ratio compare to its peers?

The above table shows the PE ratio for BDL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.1x
MAZDOCK Mazagon Dock Shipbuilders
37.1x0.3%₹952.8b
GRSE Garden Reach Shipbuilders & Engineers
46.8x16.1%₹180.1b
DATAPATTNS Data Patterns (India)
77.6x25.0%₹143.8b
500049 Bharat Electronics
46.8x15.0%₹2.1t
BDL Bharat Dynamics
82.1x22.6%₹454.3b

Price-To-Earnings vs Peers: BDL is expensive based on its Price-To-Earnings Ratio (82.1x) compared to the peer average (52.1x).

Price to Earnings Ratio vs Industry

How does BDL's PE Ratio compare vs other companies in the Asian Aerospace & Defense Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BDL 82.1xIndustry Avg. 50.8xNo. of Companies12PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BDL is expensive based on its Price-To-Earnings Ratio (82.1x) compared to the Asian Aerospace & Defense industry average (50.1x).

Price to Earnings Ratio vs Fair Ratio

What is BDL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BDL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio82.1x
Fair PE Ratio50x

Price-To-Earnings vs Fair Ratio: BDL is expensive based on its Price-To-Earnings Ratio (82.1x) compared to the estimated Fair Price-To-Earnings Ratio (50x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BDL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,239.25
₹1,294.60
+4.5%
16.5%₹1,445.00₹870.00n/a5
Dec ’25₹1,150.00
₹1,377.60
+19.8%
21.9%₹1,816.00₹870.00n/a5
Nov ’25₹1,115.85
₹1,502.20
+34.6%
22.3%₹1,816.00₹870.00n/a5
Oct ’25₹1,127.20
₹1,502.20
+33.3%
22.3%₹1,816.00₹870.00n/a5
Sep ’25₹1,302.90
₹1,511.00
+16.0%
17.4%₹1,816.00₹1,005.00n/a6
Aug ’25₹1,450.25
₹1,511.17
+4.2%
16.5%₹1,745.00₹1,005.00n/a6
Jul ’25₹1,615.30
₹1,327.30
-17.8%
32.8%₹1,745.00₹632.50n/a5
Jun ’25₹1,557.35
₹1,013.75
-34.9%
29.9%₹1,630.00₹632.50n/a6
May ’25₹988.78
₹910.00
-8.0%
14.8%₹1,022.50₹632.50n/a6
Apr ’25₹886.95
₹868.00
-2.1%
19.1%₹1,019.00₹545.00n/a7
Mar ’25₹920.38
₹868.00
-5.7%
19.1%₹1,019.00₹545.00n/a7
Feb ’25₹852.03
₹845.17
-0.8%
20.0%₹1,019.00₹545.00n/a6
Jan ’25₹863.33
₹697.60
-19.2%
5.0%₹750.00₹648.00n/a5
Dec ’24₹612.20
₹669.25
+9.3%
4.9%₹710.00₹615.00₹1,150.006
Nov ’24₹492.55
₹644.70
+30.9%
10.9%₹715.00₹524.00₹1,115.855
Oct ’24₹515.65
₹629.70
+22.1%
9.7%₹707.00₹524.00₹1,127.205
Sep ’24₹571.75
₹631.10
+10.4%
9.9%₹714.00₹524.00₹1,302.905
Aug ’24₹612.23
₹620.00
+1.3%
12.7%₹714.00₹478.50₹1,450.255
Jul ’24₹560.13
₹596.50
+6.5%
11.8%₹662.50₹478.50₹1,615.304
Jun ’24₹555.60
₹577.75
+4.0%
10.3%₹630.00₹478.50₹1,557.354
May ’24₹502.65
₹605.50
+20.5%
4.6%₹650.00₹577.00₹988.784
Apr ’24₹494.35
₹603.63
+22.1%
4.6%₹650.00₹577.00₹886.954
Mar ’24₹483.18
₹576.13
+19.2%
10.9%₹650.00₹477.50₹920.384
Feb ’24₹454.75
₹534.00
+17.4%
28.5%₹698.50₹287.50₹852.034
Jan ’24₹472.05
₹534.00
+13.1%
28.5%₹698.50₹287.50₹863.334
Dec ’23₹482.25
₹534.00
+10.7%
28.5%₹698.50₹287.50₹612.204

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 02:41
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Bharat Dynamics Limited is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Sachin ManiarCGS International
Kripashankar MauryaChoice Equity Broking Private Limited