The share price of this defence business soared by 6%; do you own it?

The share price of this defence business soared by 6%; do you own it?

by 5paisa Research Team Last Updated: Dec 15, 2022 - 04:45 pm 15.8k Views
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Shares of Bharat Dynamics began trading at Rs 868.90 and reached a high of Rs 976.20 today.

The share price opened the day at Rs 868.90 and reached a high of Rs 976.20 today. The stock closed the day with a gain of 6.11% on the BSE. The company's 52-week high price was Rs 976, while its 52-week low price was Rs 368.10. The price-to-earnings ratio of the stock is currently 28.40x, while the total value of the company on the market is Rs 16897 crore. The share's trading volume on the BSE increased 6.76 times today.

Bharat Dynamics Limited's (BDL) manufacturing base for guided missiles and other allied defence equipment was formed in Hyderabad in the year 1970 as a Government of India Enterprise under the Ministry of Defense. BDL's headquarters are located in Hyderabad. It began its journey by producing the first Generation Anti-Tank Guided Missile (ATGM) - the French SS11B1 - which was nurtured by a pool of skilled engineers gathered from the DRDO and aerospace businesses. This product was the outcome of an agreement between the Government of India and Aerospatiale, which is located in the French Republic.

Following the fruitful conclusion of the SS11B1 project, the business began manufacturing of second-generation anti-tank guided missiles (ATGMs), including the Russian Konkurs and the French MILAN-2. It has been possible for BDL's engineers to acquire a profound understanding of the design principles and system engineering of anti-tank guided missiles as a result of the productization process at BDL, which involves a phase-wise transfer of technology with an emphasis on indigenization. 

The company's trailing twelve-month sales amounted to Rs 3384 crores. The operating margin for the company is 23.7%, while the net profit margin is 16.6%. The company recorded an enormous year-over-year increase in its QOQ revenue for its FY23Q1 of 440%, which came to 695 crores. Despite this, the sequential growth was 50% lower than the previous QOQ.

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