Financials Bharat Dynamics Limited Bombay S.E.

Equities

BDL

INE171Z01026

Aerospace & Defense

Market Closed - Bombay S.E. 06:00:53 2024-07-04 EDT 5-day change 1st Jan Change
1,684 INR +3.13% Intraday chart for Bharat Dynamics Limited +5.90% +96.54%

Valuation

Fiscal Period: March 2019 2020 2022 2023 2024 2025 2026
Capitalization 1 51,924 33,935 100,676 181,210 617,255 - -
Enterprise Value (EV) 1 51,924 33,935 100,676 142,674 321,090 601,086 598,173
P/E ratio - 6.35 x 20.1 x 51.4 x 52.4 x 87.4 x 64.1 x
Yield - 4.75% 1.51% 0.95% 0.31% 0.49% 0.53%
Capitalization / Revenue 1.69 x 1.1 x 3.57 x 7.28 x 13.6 x 17 x 12.6 x
EV / Revenue 1.69 x 1.1 x 3.57 x 5.73 x 13.6 x 16.6 x 12.3 x
EV / EBITDA 6.85 x 4.66 x 13.9 x 35 x 59.8 x 75.7 x 52.7 x
EV / FCF - 7.59 x 23.5 x 7.06 x 1,973 x 57.6 x 85.4 x
FCF Yield - 13.2% 4.25% 14.2% 0.05% 1.74% 1.17%
Price to Book 2.29 x 1.3 x 3.32 x 5.64 x 17.1 x 15.5 x 13.3 x
Nbr of stocks (in thousands) 366,563 366,563 366,563 366,563 366,562 - -
Reference price 2 141.6 92.58 274.6 494.4 1,684 1,684 1,684
Announcement Date 5/30/19 6/29/20 5/26/22 5/25/23 5/30/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2022 2023 2024 2025 2026
Net sales 1 30,693 30,952 28,174 24,894 23,693 36,207 48,809
EBITDA 1 7,581 7,276 7,261 4,082 5,366 7,938 11,343
EBIT 1 - 6,311 6,357 - 4,695 6,635 9,256
Operating Margin - 20.39% 22.56% - 19.82% 18.32% 18.96%
Earnings before Tax (EBT) 1 - 7,425 7,099 4,818 8,282 10,623 14,783
Net income 1 - 5,349 4,999 3,522 6,127 7,764 10,736
Net margin - 17.28% 17.74% 14.15% 25.86% 21.44% 22%
EPS 2 - 14.59 13.64 9.610 16.72 19.27 26.28
Free Cash Flow 1 - 4,473 4,276 20,220 304 10,438 7,003
FCF margin - 14.45% 15.18% 81.22% 1.05% 28.83% 14.35%
FCF Conversion (EBITDA) - 61.48% 58.89% 495.35% 5.49% 131.51% 61.74%
FCF Conversion (Net income) - 83.63% 85.54% 574.15% 5.65% 134.44% 65.23%
Dividend per Share 2 - 4.400 4.150 4.675 5.267 8.300 8.925
Announcement Date 5/30/19 6/29/20 5/26/22 5/25/23 5/30/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 4,593 5,038 8,039 13,811 6,948 5,348 4,616 7,983 - 5,766 7,891 8,356
EBITDA 1 397.4 661.4 2,895 4,041 420.1 938.5 - 1,834 - 890.5 1,613 1,578
EBIT - - - - - - - - - - 1,019 967
Operating Margin - - - - - - - - - - 12.91% 11.57%
Earnings before Tax (EBT) 1 - - - - - - - - - 995 2,020 -
Net income 1 - - - 2,644 - - - - 418.2 892 1,754 1,301
Net margin - - - 19.14% - - - - - 15.47% 22.23% 15.57%
EPS 2 - - - - - - - - 1.140 2.000 4.000 3.550
Dividend per Share - - - - - - - - - - - -
Announcement Date 2/12/21 11/11/21 2/14/22 5/26/22 8/12/22 11/11/22 2/25/23 5/25/23 8/4/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - - - 38,537 17,539 16,169 19,082
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 4,473 4,276 20,220 304 10,439 7,003
ROE (net income / shareholders' equity) 20% 21.9% 17.5% 11.3% 15.8% 19.6% 23%
ROA (Net income/ Total Assets) - 9.59% 6.34% 4.62% 5.1% 6.6% 8.8%
Assets 1 - 55,765 78,852 76,182 105,480 117,639 121,998
Book Value Per Share 2 61.90 71.10 82.70 87.60 98.40 109.0 127.0
Cash Flow per Share - - - - - - -
Capex 1 - 569 1,020 1,083 764 525 838
Capex / Sales - 1.84% 3.62% 4.35% 2.64% 1.45% 1.72%
Announcement Date 5/30/19 6/29/20 5/26/22 5/25/23 5/30/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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