Miniratna PSU Defence Stock To Pay Rs 8.15/Share Dividend Soon, ICICI Direct Suggests Buy

Leading mid cap PSU Defence sector stock, Bharat Dynamics Ltd to pay interim dividend of Rs 8.15 per equity share for the financial year 2022-23. Meanwhile, ICICI Direct has recommended investors to buy Miniratna status Bharat Dynamics with a target price of Rs 1010 apiece. Check details below:

1. Bharat Dynamics Ltd To Pay Interim Dividend

According to the BSE filing of the company, "We wish to inform you that Interim Dividend of Rs.8.15/- per equity share (81.5%) for the financial year 2022-23 declared at the Board meeting held on 07.02.2023 will be paid on 01.03.2023 to the eligible shareholders."

2. Bharat Dynamics Ltd Stock Performance & Return

Last trading price of the stock is Rs 933.75 apiece with intraday decline of 0.77%. The stock's 52-week high is Rs 1026.00 apiece and 52-week low is Rs 411.00 apiece, respectively. The company has a market capitalisation of Rs 17,113.89 crore.

The stock gave 13% return in last 6-months, 108% return in last 1-year, and 240% return in last 3-years.

3. Valuation

According to ICICI Direct, "We expect BDL to deliver revenue, EBITDA CAGR of 20.4%, 19.9%, respectively, in FY22-25E. PAT is likely to grow at 23.5% CAGR (FY22- 25E). We maintain our BUY rating on the stock. We value BDL at Rs 1010 on 20x P/E on FY25E EPS basis."

4. Bharat Dynamics Ltd About

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. Since its inception, BDL has been working in collaboration with DRDO & foreign Original Equipment Manufacturers (OEMs) for manufacture and supply of various missiles and allied equipment to Indian Armed Forces, according to its official website. 

Disclaimer

The stock has been picked from the brokerage report of ICICI Direct. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.