Agencies has add call on Bharat Dynamics with a target price of Rs 1100. The current market price of Bharat Dynamics Ltd. is Rs 867.75.
Bharat Dynamics, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 15627.48 Crore) operating in Defence sector.
Bharat Dynamics key Products/Revenue Segments include Engineering Goods, Spares And Others, Other Operating Revenue, Job Work, Sale of services, Miscellaneous and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 579.79 Crore, down -20.75 % from last quarter Total Income of Rs 731.56 Crore and up 10.63 % from last year same quarter Total Income of Rs 524.08 Crore. Company has reported net profit after tax of Rs 75.82 Crore in latest quarter.
The company’s top management includes Mr.Siddharth Mishra, Mr.Chandraker Bharti, Mr.Rajendra Kumar Shekhawat, Prof. (Dr)Sangamitra Mishra, Dr.Pawan Sthapak, Mr.Nandakumar Subbaraman, Mr.Sunil Chintaman Mone, Mr.N Srinivasalu, Mr.N P Diwakar, Mr.P Radhakrishna, Dr.BHVS Narayana Murthy. Company has G Natesan & Co. as its auditors. As on 30-09-2022, the company has a total of 18 Crore shares outstanding.
Investment Rationale
Bharat Dynamics will benefit for its focus on missile systems and long range guided bombs.
Promoter/FII Holdings
Promoters held 74.93 per cent stake in the company as of September quarter, while FIIs owned 0% stake and DIIs held 13 per cent.
Bharat Dynamics, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 15627.48 Crore) operating in Defence sector.
Bharat Dynamics key Products/Revenue Segments include Engineering Goods, Spares And Others, Other Operating Revenue, Job Work, Sale of services, Miscellaneous and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 579.79 Crore, down -20.75 % from last quarter Total Income of Rs 731.56 Crore and up 10.63 % from last year same quarter Total Income of Rs 524.08 Crore. Company has reported net profit after tax of Rs 75.82 Crore in latest quarter.
The company’s top management includes Mr.Siddharth Mishra, Mr.Chandraker Bharti, Mr.Rajendra Kumar Shekhawat, Prof. (Dr)Sangamitra Mishra, Dr.Pawan Sthapak, Mr.Nandakumar Subbaraman, Mr.Sunil Chintaman Mone, Mr.N Srinivasalu, Mr.N P Diwakar, Mr.P Radhakrishna, Dr.BHVS Narayana Murthy. Company has G Natesan & Co. as its auditors. As on 30-09-2022, the company has a total of 18 Crore shares outstanding.
Investment Rationale
Bharat Dynamics will benefit for its focus on missile systems and long range guided bombs.
Promoter/FII Holdings
Promoters held 74.93 per cent stake in the company as of September quarter, while FIIs owned 0% stake and DIIs held 13 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.