NSEI:BDL

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Executive Summary

Bharat Dynamics Limited engages in the manufacture and sale of guided missiles and allied defense products in India. More Details


Snowflake Analysis

Excellent balance sheet and fair value.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.1%

BDL

-1.7%

IN Aerospace & Defense

-1.1%

IN Market


1 Year Return

-11.1%

BDL

-17.2%

IN Aerospace & Defense

-1.4%

IN Market

Return vs Industry: BDL exceeded the Indian Aerospace & Defense industry which returned -17.2% over the past year.

Return vs Market: BDL underperformed the Indian Market which returned -1.4% over the past year.


Shareholder returns

BDLIndustryMarket
7 Day-2.1%-1.7%-1.1%
30 Day-3.7%-8.3%2.0%
90 Day-24.1%-15.0%6.4%
1 Year-8.4%-11.1%-13.6%-17.2%0.4%-1.4%
3 Yearn/a7.0%4.1%-3.9%-8.6%
5 Yearn/a-9.8%-13.1%38.9%28.5%

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

Valuation

Is Bharat Dynamics undervalued compared to its fair value and its price relative to the market?

16.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BDL (₹291.95) is trading below our estimate of fair value (₹351.26)

Significantly Below Fair Value: BDL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BDL is good value based on its PE Ratio (13.7x) compared to the IN Aerospace & Defense industry average (13.8x).

PE vs Market: BDL is good value based on its PE Ratio (13.7x) compared to the Indian market (16.1x).


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 (2.1x) compared to the IN Aerospace & Defense industry average (1.8x).


Next Steps

Future Growth

How is Bharat Dynamics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.5%

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

Past Performance

How has Bharat Dynamics performed over the past 5 years?

-7.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDL has high quality earnings.

Growing Profit Margin: BDL's current net profit margins (14.9%) are higher than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: BDL's earnings have declined by 7.1% 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 (-3.9%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-10.4%).


Return on Equity

High ROE: BDL's Return on Equity (15%) 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 (₹45.7B) exceed its short term liabilities (₹23.1B).

Long Term Liabilities: BDL's short term assets (₹45.7B) exceed its long term liabilities (₹7.6B).


Debt to Equity History and Analysis

Debt Level: BDL's debt to equity ratio (0.08%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BDL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BDL's debt is well covered by operating cash flow (23275.7%).

Interest Coverage: BDL's interest payments on its debt are well covered by EBIT (94.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Bharat Dynamics's current dividend yield, its reliability and sustainability?

3.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BDL's dividend (3.01%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: BDL's dividend (3.01%) is in the top 25% of dividend payers in the Indian market (2.31%)


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 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.2%), 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?

1.5yrs

Average management tenure


CEO

Siddharth Mishra (57 yo)

1.58yrs

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 ($USD70.77K) is below average for companies of similar size in the Indian market ($USD388.44K).

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

NamePositionTenureCompensationOwnership
Siddharth Mishra
Chairman & MD1.58yrs₹5.25mno data
Nayeeni Diwakar
Director of Technical & Whole Time Director2.08yrs₹4.99mno data
N. Nagaraja
Company Secretary & Compliance Officerno data₹2.21mno data
P. Krishna
Director of Production & Whole Time Director1.33yrs₹5.26mno data
Nuka Srinivasulu
Director of Finance0.25yrno datano data
Trilok Kaul
Executive Director of Marketingno datano datano data
N. Kumar
GM & Unit Head of IBUno datano datano data
S. Narayanan
General Manager of HR Corporateno datano datano data
Sivanand. Khanapet
Executive Director & Head of BUno datano datano data
A. Rao
Executive Director and Head of KBU & PSGno datano datano data
Syed Raffe
General Manager of HRno datano datano data
Upender Vennam
Chief Vigilance Officerno datano datano data

1.5yrs

Average Tenure

57yo

Average Age

Experienced Management: BDL's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Siddharth Mishra
Chairman & MD1.58yrs₹5.25mno data
Nayeeni Diwakar
Director of Technical & Whole Time Director2.08yrs₹4.99mno data
P. Krishna
Director of Production & Whole Time Director1.33yrs₹5.26mno data
Nuka Srinivasulu
Director of Finance0.25yrno datano data
Ashwani Mahajan
Government Nominee Director4.58yrsno datano data
M. S. Prasad
Government Nominee Director1.83yrsno datano data

1.7yrs

Average Tenure

57yo

Average Age

Experienced Board: BDL's board of directors are not considered experienced ( 1.7 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: ₹54.059b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
541143BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2018
BDLNSEI (National Stock Exchange of India)YesEquity SharesININRMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 12:53
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.