Bharat Dynamics Limited (BDL), a public sector enterprise operating under the Ministry of Defence of India, has recently been awarded a significant deal valued at Rs 809 crore on a gross basis. This order pertains to the supply of Anti-Tank Guided Missiles (ATGM) and has been placed by Armoured Vehicles Nigam Limited (AVNL). The execution of this deal is planned to span over the forthcoming three years.
About Bharat Dynamics Limited
Bharat Dynamics Limited (BDL) is a leading government-owned defence enterprise specializing in the design and manufacture of guided missile systems and related equipment. Operating under India’s Ministry of Defence, it plays a pivotal role in strengthening national security infrastructure. The firm has consistently demonstrated excellence through its state-of-the-art production capabilities, rigorous quality control, and continuous innovation. Its strategic contribution encompasses the development, testing, and supply of missiles that meet the evolving demands of the Indian Armed Forces. By integrating cutting-edge technology and skilled engineering, BDL has firmly positioned itself as a vital component of India’s defense manufacturing ecosystem.
Established in 1970, Bharat Dynamics Ltd is a government-owned entity dedicated to the production of missile systems and armaments for the Indian defense forces. As the sole manufacturer and integrator of missiles and torpedoes for the military, BDL’s product range encompasses surface-to-air missiles, air-to-air missiles, as well as underwater weaponry. The firm continues to advance by embracing new technologies and enhancing its manufacturing capabilities.
Outstanding Financial Achievements in Fiscal Year 2024-25
For the fiscal year 2024–25, BDL posted a provisional turnover exceeding ₹3,300 crore—an approximately 40% jump from the previous year’s ₹2,369 crore. This represents a significant increase of 40% in relation to the Rs 2,369 crore achieved in the previous year. The firms exports have played a pivotal role in this growth, soaring by more than 640% to exceed Rs 1,200 crore, a substantial rise from the Rs 161 crore recorded last year. Additionally, BDL has secured fresh orders totaling Rs 6,668 crore, which has elevated its total order backlog to approximately Rs 22,700 crore as of April 1, 2025.
Does the recent increase in export revenue indicate a strengthening global confidence in Indian defence technology? , how might this development influence BDL’s plans for future growth and expansion?
Ownership and Market Metrics
The ownership structure is clearly defined, with significant stakes held by institutional investors and key stakeholders. Market metrics indicate robust trading activity, reflecting both strong trading ease and investor interest. Furthermore, performance indicators demonstrate steady growth trends alongside stable valuation figures, highlighting the firm’s solid position within the market landscape.
The Government of India, represented by the President, holds a commanding 74.93% stake in the company. Institutional ownership is distributed as follows: FIIs own 3.77%, while DIIs hold 10.10%. The public accounts for the remaining 11.2% of shares. BDL’s valuation exceeds Rs 60,000 crore. In addition, the firms substantial outstanding orders was valued at Rs 22,700 crore as of early April 2025.
Stock Performance & Financial Metrics
BDL’s stock is demonstrating significant upward momentum. It currently trades at a price-earnings (PE) ratio of 115, reflecting strong investor confidence. The firm has delivered a ROE (ROE) of 13%, indicating efficient management of equity holders’ funds. Additionally, the return on capital employed (ROCE) stands at an impressive 20%, underscoring effective capital utilization. Since hitting its 52-week low of Rs 897.15, the share price has surged by 91%, and over the past five years, investors have enjoyed an exceptional 790% return.