Bharat Dynamics (BDL) share price will be in focus on March 11, 2025, as Prabhudas Lilladher has recommended BUY for an intraday target price of Rs 1,185. BDL is a PSU defence stock with a PE ratio of 74.04x and a return on equity (ROE) of 15.16% as of March 10. BDL shares have skyrocketed by nearly 15% in five consecutive sessions, making it a top-performing defence PSU. The company has recently delivered a hefty dividend.
Bharat Dynamics (BDL) Share Price:
On March 10, after market hours, BDL stock closed at Rs 1142.40 apiece on BSE, up by 0.62% with a market cap of Rs 41,876.10 crore. The midcap stock has a 52-week high and low of Rs 1,794.70 apiece and Rs 776.08 apiece respectively.
Overall, in the past five sessions, BDL stock zoomed by 14.6% on BSE. YTD, the stock is up nearly 1% despite the market being volatile. In a year, the stock gained by over 29%.
BDL Recommendation:
Shiju Koothupalakkal - Technical Analyst at Prabhudas Lilladher has recommended BUY on BDL during the March 11 session. The analyst has set a target price of Rs 1,185 with stop loss of Rs 1,120.
As per the Trendlyne data, the consensus recommendation from 5 analysts for Bharat Dynamics Ltd. is BUY. Of the total, four brokers have suggested STRONG BUY. EPS is expected to grow by 9.4% in FY25. The 1-year average target price is set at Rs 1,294.60 apiece, hinting at more than 13% potential upside.
Last month, in its research note, Elara Capital said, "We raise our FY25E EPS by 6% due to strong margin expansion in Q3 as well as 9MFY25 and raise FY26E EPS by 1%. We raise our TP to INR 1,360 from INR 1,300 on 39x (unchanged) December FY26E P/E as we roll forward We reiterate Accumulate, as BDL is a key beneficiary of a robust order pipeline for domestic as well as export markets, being the only DPSU missile manufacturer, and growth momentum is set to continue in Q4, led by focused execution. We expect an earnings CAGR of 48% during FY24-27E with an average ROE of 23% during FY25-27E. Key risks to our call could be the slowdown in defence capex and order inflows."
BDL Corporate Actions:
In less than 1 year, BDL has carried its stock split ratio of 1:2 and announced up to Rs 4.85 per share dividend.
BDL shares turned ex-split for the first time in May 2024, in the ratio of 1:2, where its face value of Rs 10 each was cut to Rs 5 each. After the split, BDL has turned ex-dividend twice from September 2024 to February 2025.
For FY24, it delivered a final dividend of Rs 0.85 per share and its ex-date was on September 23 2024. The interim dividend for the fiscal was Rs 8.85 per share which was delivered before the split and its ex-date was on April 2, 2024. The latest dividend is Rs 4 per share which is an interim for FY25, and its ex-date was on February 14, 2025.
About BDL:
Headquartered in Hyderabad, Bharat Dynamics Limited (BDL), was incorporated on 16 July 1970 as a Public Sector Undertaking under the Ministry of Defence, Government of India to be the manufacturing base for guided missile systems and allied equipment for the Indian Armed Forces.
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