Bharat Dynamics Ltd
₹ 1,557
0.63%
31 May
- close price
- Market Cap ₹ 57,087 Cr.
- Current Price ₹ 1,557
- High / Low ₹ 1,659 / 450
- Stock P/E 93.2
- Book Value ₹ 99.2
- Dividend Yield 0.30 %
- ROCE 24.2 %
- ROE 17.9 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 35.2%
Cons
- Stock is trading at 15.7 times its book value
- The company has delivered a poor sales growth of -5.05% over past five years.
- Earnings include an other income of Rs.362 Cr.
- Debtor days have increased from 38.1 to 47.8 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Aerospace & Defence Industry: Engineering
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
956 | 1,076 | 2,841 | 4,079 | 4,887 | 4,588 | 3,069 | 3,105 | 1,914 | 2,817 | 2,489 | 2,369 | |
1,019 | 1,088 | 2,564 | 3,564 | 4,317 | 3,919 | 2,446 | 2,349 | 1,568 | 2,090 | 2,080 | 1,833 | |
Operating Profit | -64 | -12 | 277 | 515 | 569 | 669 | 623 | 756 | 346 | 727 | 409 | 537 |
OPM % | -7% | -1% | 10% | 13% | 12% | 15% | 20% | 24% | 18% | 26% | 16% | 23% |
463 | 464 | 439 | 385 | 300 | 173 | 136 | 88 | 95 | 78 | 155 | 362 | |
Interest | 1 | 1 | 5 | 5 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 3 |
Depreciation | 50 | 42 | 67 | 53 | 62 | 63 | 82 | 96 | 95 | 90 | 77 | 67 |
Profit before tax | 348 | 409 | 644 | 841 | 803 | 774 | 671 | 742 | 341 | 710 | 482 | 828 |
Tax % | 33% | 32% | 31% | 33% | 35% | 32% | 37% | 28% | 24% | 30% | 27% | 26% |
235 | 279 | 444 | 562 | 524 | 528 | 423 | 535 | 258 | 500 | 352 | 613 | |
EPS in Rs | 1,021.57 | 1,212.13 | 1,928.48 | 2,810.35 | 2,183.58 | 14.41 | 11.53 | 14.59 | 7.03 | 13.64 | 9.61 | 16.71 |
Dividend Payout % | 20% | 21% | 19% | 30% | 30% | 25% | 30% | 30% | 52% | 30% | 49% | 26% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -5% |
3 Years: | 7% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 33% |
TTM: | 74% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 59% |
3 Years: | 104% |
1 Year: | 178% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 16% |
Last Year: | 18% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 115 | 115 | 115 | 98 | 122 | 183 | 183 | 183 | 183 | 183 | 183 | 183 |
Reserves | 617 | 936 | 1,538 | 1,753 | 2,073 | 1,773 | 2,085 | 2,424 | 2,501 | 2,847 | 3,028 | 3,454 |
0 | 0 | 0 | 4 | 4 | 4 | 5 | 15 | 11 | 10 | 9 | 4 | |
5,694 | 6,199 | 6,759 | 7,786 | 6,208 | 4,697 | 3,250 | 3,128 | 3,334 | 3,595 | 5,535 | 6,699 | |
Total Liabilities | 6,427 | 7,251 | 8,412 | 9,641 | 8,407 | 6,657 | 5,523 | 5,750 | 6,030 | 6,636 | 8,756 | 10,340 |
212 | 277 | 518 | 697 | 757 | 868 | 957 | 932 | 915 | 874 | 809 | 824 | |
CWIP | 45 | 70 | 142 | 126 | 136 | 130 | 47 | 42 | 22 | 41 | 74 | 73 |
Investments | 1 | 1 | 3 | 3 | 3 | 239 | 4 | 4 | 5 | 0 | 0 | 0 |
6,169 | 6,904 | 7,749 | 8,815 | 7,511 | 5,420 | 4,516 | 4,771 | 5,089 | 5,721 | 7,873 | 9,444 | |
Total Assets | 6,427 | 7,251 | 8,412 | 9,641 | 8,407 | 6,657 | 5,523 | 5,750 | 6,030 | 6,636 | 8,756 | 10,340 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-765 | 284 | -420 | -342 | 84 | 504 | 1,068 | 530 | 2,130 | ||||
239 | 149 | 3 | 1,047 | 170 | -33 | -734 | -573 | -1,171 | ||||
-72 | -324 | -166 | -769 | -268 | -191 | -173 | -149 | -171 | ||||
Net Cash Flow | -598 | 109 | -583 | -63 | -15 | 280 | 162 | -192 | 788 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 34 | 93 | 43 | 13 | 12 | 61 | 63 | 40 | 62 | 39 | 27 | 48 |
Inventory Days | 373 | 534 | 286 | 302 | 276 | 254 | 380 | 222 | 636 | 534 | 584 | 806 |
Days Payable | 99 | 153 | 100 | 202 | 186 | 129 | 115 | 83 | 322 | 171 | 142 | 325 |
Cash Conversion Cycle | 307 | 475 | 230 | 114 | 101 | 186 | 328 | 178 | 375 | 403 | 469 | 529 |
Working Capital Days | -1,461 | -1,137 | -126 | -106 | -11 | 44 | 128 | 196 | 169 | 145 | 238 | 309 |
ROCE % | 46% | 48% | 40% | 37% | 32% | 31% | 13% | 26% | 16% |
Documents
Announcements
- Corporate Action-Board approves Dividend 1d
- Audited Financial Results For The Quarter And Year 31.03.204 1d
- Compliances-Reg.24(A)-Annual Secretarial Compliance 28 May
- Extension Of Period Additional Charge Director Finance To CMD 23 May
- Board Meeting Intimation for Inter Alia Audited Financial Results For The Quarter And Year Ended 31 March 2024 And To Consider Final Dividend, If Any 15 May
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Overview[1]
Bharat Dynamics was established in Hyderabad in 1970 as a Government of India Enterprise under the Ministry of Defence. It was s nominated as a Mini- Ratna – Category – I Company by the Government of India in 2000. It produced India’s first state-of-the-art Surface-to-Surface Missile Prithvi. IGMDP is one India’s most successful defence projects, all missiles – Prithvi, Akash, Agni have been successfully inducted.