Stock Name : Bharat Dynamics Limited /Tips Open Buy : 391.40 Posted Date : Sep 4, 2020
Stopless/Horizon : 225 Target : 550 Results Achieved (Yes/No) :

Overview: Bharat Dynamics Limited (BDL) is a Government of India Enterprise which operates under the Ministry of Defencewas established in Hyderabad in the year 1970 to manufacture guided weapon systems for the Indian defence forces.

Operating in Defence sector, Bharat Dynamics Limited is a Mid Cap company with a market capital of Rs 8004.81 Crore.

About the company: Bharat Dynamics Limited specializes in the manufacture of ammunitions, rifles and panels. BDL manufactures other missiles and systems for the Indian Armed Forcesincluding the Konkurs anti-tank missiles.

BDL is also the sole supplier of SAMs and ATGMs to the Indian armed forces. Furthermore, BDL is also engaged in the business of refurbishment and life extension of missiles manufactured.

BDL has three manufacturing facilities located in Hyderabad, Bhanur, and Vishakhapatnam and is also in the process of setting up two additional manufacturing facilities at Ibrahimpatnam(Telangana)and Amravati in (Maharashtra).

In 2018, the Government of India offloaded 2.24 crore shares of Bharat Dynamics via an initial public offer (from 13 March 2018 to 15 March 2018), thus the Government of India’s stake in the company came down to 87.75% from 100%.

Management: Commodore Siddharth Mishra (Rtd) is the Chairman & Managing Director of BDL.

Shareholding Pattern:
• Promoters (President of India): 87.75
• Foreign Institutions: 0.04
• NBFC and Mutual Funds : 3.62
• Others: 0.81
• General Public: 3.91
• Financial Institutions: 3.87

Dividend: The company declared an equity dividend of 88.00% amounting to Rs 8.8 per share for the year ending March 2020.

Sales Report: The company’s key Products/Revenue Segment is Engineering Goods which contributed Rs 2664.67 Crore to Sales Value (86.81 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-03-2020, BDL reported a Standalone sale of Rs 1416.70 Crore, which is up by 185.96 % from last quarter Sales of Rs 495.42 Crore and up by 64.83 % from previous year’s same quarter Sales of Rs 859.47 Crore. The company reported 149.51% surge in net profit to Rs 309.72.

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