It is expected that the tender has sought a formal invitation for proposal, also known as Request for Proposal (RFP) for 5-6 regiments of Anant Shastra (QRSAM) systems has been sought, which could result in an order for BEL if the Army accepts BEL's bid.
The order book is strong and export opportunities are growing; the company is expanding capacity
Procurement of 500 anti-tank guided missiles for T-90 tanks awaits final vetting of contract value
The government may prioritise the implementation of key defence programmes
The company’s robust order book, growing export potential, and aggressive capacity expansion plans underpin its long-term growth trajectory
Bharat Dynamics Ltd. (BDL), a key defense PSU in India, demonstrated strong revenue growth in Q3FY25 despite execution challenges due to global supply chain disruptions. The company is focusing on bolstering indigenous production capabilities and expanding its export portfolio, with a clear roadmap for growth driven by new defense contracts and strategic investments. Moreover with strong orders in hand the company is set to deliver good returns.
Shares of Bharat Dynamics have risen by around 70 percent in last two months since the board on March 21 approved the sub-division of equity shares.
Defence PSUs are notorious for delayed or slow execution, but revenue visibility will support stock prices
With strong focus on innovation and technology, BDL is the showpiece of India's defence capabilities
Ahead of the budget most experts that Moneycontrol spoke to expected an increase in budgetary allocation, with the government’s self-reliance push and aim to make India an export hub in the long term.
Bharat Dynamics Q1 results: Standalone net profit was up 5 percent YoY to Rs 41.8 crore in the June quarter whereas revenue more than halved to Rs 297.7 crore.
The stock is reasonably valued after the recent correction. Order flows are expected to be good, with some of the large defence programmes reaching the final stages. The management has guided to a revenue of Rs 3,200 crore in fiscal 2024, up 28.5% from last fiscal.
“We perceive BDL (Bharat Dynamics) as an attractive investment opportunity for the medium term as both orders and execution are likely to pick pace,” said ICICI Securities.
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Proposals are being fielded for guns, missiles, drones and specialist vehicles, among others, the army said in its latest tender
Earlier, in March 2016, an interim dividend of Rs 67.62 crore was paid for 2015-16. The total dividend paid by the PSU for 2015-16 is Rs 168.97 crore, according to an official release.