Bharat Dynamics Limited Share Price, Financials and Stock Analysis
About Bharat Dynamics Limited Bharat Dynamics Limited (BDL) is one of India's manufacturers of ammunitions and missile systems. It was founded in 1970 in Hyderabad, Telangana, India. BDL was established to be a manufacturing base for guided weapon systems and begun with a pool of engineers drawn from Indian Ordnance Factories, DRDO and aerospace industries, It began by producing a first generation anti-tank guided missile - the French SS11B1. This product was a culmination of a licence agreement the Government of India entered into with Aerospatiale. BDL has three manufacturing units, located at Kanchanbagh, Hyderabad, Telangana; Bhanur, Medak district, Telangana and Visakhapatnam, Andhra Pradesh.
In the quarter ended March 2022, Bharat Dynamics clocked a net profit of Rs 264 crore. Its net profit has been consistently registering a strong uptick
Increase in profitability with strong asset turnover is expected to result in healthy return ratios over FY23-24E.
The brokerage expects BDL to deliver revenue and EBITDA CAGR of 28.8% and 26.8%, respectively, in FY22-24E. PAT is likely to grow at 25.1% CAGR (FY22-24E).
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