Bharat Dynamics Expects ₹20,000 Cr Worth New Orders in 2-3 Years

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Bharat Dynamics plans to secure ₹20,000 crore in new orders over the next 2-3 years, leveraging stable defence procurement and government support, with an order book of ₹19,500 crore and a 20-25% revenue growth forecast for FY25.

Bharat Dynamics News Today

Bharat Dynamics, a leading manufacturer of ammunition and missile systems, is targeting new orders worth ₹20,000 crore over the next 2-3 years. The company’s CMD, A Madhavarao, emphasised that the coalition government would not significantly impact defence procurements or investments.

Explore:Bharat Dynamics Limited Share Price

By the end of FY24, Bharat Dynamics had an orderbook of around ₹19,500 crore, with an execution timeline of 4-5 years. For FY25, the company anticipates a revenue growth of 20-25%, with margins expected to be around 20%.

Financial Performance

Bharat Dynamics reported an 89% increase in net profit for the January-March quarter, reaching ₹289 crore. This significant growth reflects the company's robust financial health and operational efficiency.

In addition, the company announced its first-ever stock split in May, dividing one equity share of ₹10 into two equity shares of ₹5 each.

Stock Performance

Since its debut at ₹428 per share in March 2018, the stock has risen by 232%. And in the past year alone, shares have gained nearly 153%. The market capitalization of Bharat Dynamics stands at approximately ₹52,938.96 crore.

Key Insights and Projections

Despite the presence of a coalition government, Bharat Dynamics expects continued momentum in defence procurements and investments. The company's solid order book and anticipated revenue growth indicate a strong future outlook.

With significant gains in share value and a robust market capitalization, Bharat Dynamics is well-positioned for sustained growth.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users

icon-with-text

4.3+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300 Cr MTF Book

icon-with-text