Company Valuation: Bharat Dynamics Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 100,676 181,210 321,090 469,713 401,972 368,762 - -
Change - 79.99% 77.19% 46.29% -14.42% -8.26% - -
Enterprise Value (EV) 1 100,676 142,674 278,806 427,810 354,879 313,448 305,702 302,844
Change - 41.72% 95.41% 53.44% -17.05% -11.67% -2.47% -0.93%
P/E 20.1x 51.4x 52.4x 85.5x 95.6x 46.9x 33.8x 26.1x
PBR 3.32x 5.64x 8.83x 11.7x 9.48x 7.68x 6.54x 5.5x
PEG - -1.7x 0.7x -8.3x -4.1x 0.5x 0.9x 0.9x
Capitalization / Revenue 3.57x 7.28x 13.6x 14x 16.5x 8.98x 6.57x 5.12x
EV / Revenue 3.57x 5.73x 11.8x 12.8x 14.5x 7.63x 5.45x 4.2x
EV / EBITDA 13.9x 35x 52x 90.6x 159x 45.4x 30x 23.2x
EV / EBIT 15.8x - 59.4x 107x 241x 70.5x 35.9x 26.3x
EV / FCF 23.5x 7.06x 84.3x -371x 94.6x 27.8x 23.5x -636x
FCF Yield 4.25% 14.2% 1.19% -0.27% 1.06% 3.6% 4.25% -0.16%
Dividend per Share 2 4.15 4.675 5.275 4.65 4.9 6.166 7.324 8.953
Rate of return 1.51% 0.95% 0.6% 0.36% 0.45% 0.61% 0.73% 0.89%
EPS 2 13.64 9.61 16.72 14.99 11.47 21.45 29.8 38.59
Distribution rate 30.4% 48.6% 31.5% 31% 42.7% 28.7% 24.6% 23.2%
Net sales 1 28,174 24,894 23,693 33,451 24,418 41,062 56,088 72,036
EBITDA 1 7,261 4,082 5,366 4,724 2,234 6,899 10,180 13,041
EBIT 1 6,357 - 4,695 4,017 1,474 4,445 8,511 11,530
Net income 1 4,999 3,522 6,127 5,496 4,203 7,820 11,011 13,995
Net Debt 1 - -38,537 -42,285 -41,904 -47,093 -55,313 -63,060 -65,918
Reference price 2 274.65 494.35 875.95 1,281.40 1,096.60 1,006.00 1,006.00 1,006.00
Nbr of stocks (in thousands) 366,563 366,563 366,563 366,563 366,563 366,562 - -
Announcement Date 5/26/22 5/25/23 5/30/24 5/27/25 5/28/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.97x7.84x46.66x0.6% 3.96B
32.81x6.04x24.87x0.63% 298B
30.97x3.01x17.27x1.43% 266B
26.06x1.73x12.86x1.75% 171B
-453.39x1.76x40.36x-.--% 149B
20.73x1.96x14.23x2.21% 147B
28.82x4.18x17.46x1.19% 136B
27.84x3x13.59x1.5% 127B
21x1.78x14.54x1.77% 96.45B
18.95x2.02x14.24x1.71% 80.32B
Average -19.82x 3.33x 21.61x 1.28% 147.51B
Weighted average by Cap. -20.84x 3.23x 19.76x 1.26%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Bharat Dynamics Limited

Historical PBR trend

Valuation ratios - PBR - Bharat Dynamics Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Bharat Dynamics Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Bharat Dynamics Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Bharat Dynamics Limited
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