you are here: HomeNewsBusinessIPO
Last Updated : Mar 12, 2018 12:42 PM IST | Source:

Subscribe for long term to Bharat Dynamics IPO : ICICI Direct

ICICI Direct has come out with its report on Bharat Dynamics IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on March 10, 2018

  • bselive
  • nselive
Todays L/H

Bharat Dynamics (BDL) is a defence public sector unit (DPSU) engaged in manufacturing guided missile systems. The company has a product portfolio consisting of surface to air missiles (SAMs), antitank guided missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. BDL also undertakes life-extension and refurbishment of missile systems. Currently, it is the sole supplier of SAMs and ATGMs to the Indian armed forces. The Hyderabad headquartered company has three manufacturing facilities in Hyderabad, Bhanur and Visakhapatnam. It is a Miniratna company and is under the administrative control of the Ministry of Defence.

We recommend subscribe only for long term on the offering based on a robust order book of | 10,453 crore, strong order inflow visibility, best-inclass execution capabilities and a leverage free balance sheet. The stock is being offered at reasonable valuations (16x FY17 EPS), at the upper band of | 428/share.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions
First Published on Mar 12, 2018 12:42 pm
Follow us on
Available On