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EXCLUSIVE-Adani-backed firm among three finalists in India's small satellite launch rocket privatisation
Repeats story from February 14, no changes to text
Other bidders involve state-backed companies
Indian government has been pushing to privatise space industry
SSLV up for bid is home-grown small space booster
By Nivedita Bhattacharjee
BENGALURU, Feb 14 (Reuters) - Indian conglomerate Adani Group is a finalist, alongside two government-linked groups, to take over private production of India’s Small Satellite Launch Vehicle, three sources familiar with the matter told Reuters.
The SSLV, developed by the Indian Space Research Organisation, is a low-cost vehicle capable of deploying satellites of up to 500 kg (1,100 pounds) into low-Earth orbit, or LEO - the most sought after segment of the satellite launch market.
After its first successful launch in 2023, the government moved to transfer the vehicle’s production and technology to private industry as part of a broader push to expand India’s commercial space sector.
That move has been the highest-profile piece of India's privatisation efforts, which the government hopes will help the country claim a greater share of the booming global satellite launch market, dominated by private players such as SpaceX.
“LEO is the name of the game right now, so the potential winner has the opportunity to really tap into a rapidly growing market,” said Damodaran Raman, a director at Deloitte who soecialises in space tech.
About 20 companies initially expressed interest in bidding for the SSLV, the first privatisation of its kind under Prime Minister Narendra Modi’s policy drive to open up India’s space industry.
The three finalist consortiums include Alpha Design Technologies, in which Adani Defence Systems and Technologies owns a stake; state-backed Bharat Dynamics Limited BARA.NS; and Hindustan Aeronautics Limited HIAE.NS. Reuters could not verify the exact structure of each bidding group.
The companies did not respond to Reuters requests for comment. The sources did not want to be named because details of the bids are not public.
The winning company is expected to pay India's space agency about 3 billion rupees ($30 million) for the SSLV, covering design know-how, manufacturing processes, quality-assurance training, and up to 24 months of technical support or two successful launches, according to one of the sources.
Beyond financial capability, bidders must demonstrate the ability to manufacture, sustain, and sell the SSLV.
A second source familiar with the matter said the limited availability of launch slots with major industry players such as SpaceX presents a significant opportunity for new entrants, with the possibility of positioning themselves as a go-to launch partner for South Asia.
The global satellite launch vehicle market is projected to grow from $5.6 billion in 2025 to $113 billion by 2030, with low-Earth orbit launches dominating, according to research firm Mordor Intelligence.
India accounts for only 2% of the global space economy. The Modi government aims to expand that share fivefold to $44 billion by the end of the decade.
Companies vying for the SSLV contract were required to be profitable, with the lead bidder having at least five years of manufacturing experience and an annual revenue of at least 4 billion rupees ($50 million), according to India’s space regulator.
($1 = 86.9500 Indian rupees)
($1 = 86.7540 Indian rupees)
(Reporting by Nivedita Bhattacharjee in Bengaluru. Editing by Gerry Doyle)
(([email protected]; Mobile: +91 9920455129; X: @tweetsfromnivi;))
Repeats story from February 14, no changes to text
Other bidders involve state-backed companies
Indian government has been pushing to privatise space industry
SSLV up for bid is home-grown small space booster
By Nivedita Bhattacharjee
BENGALURU, Feb 14 (Reuters) - Indian conglomerate Adani Group is a finalist, alongside two government-linked groups, to take over private production of India’s Small Satellite Launch Vehicle, three sources familiar with the matter told Reuters.
The SSLV, developed by the Indian Space Research Organisation, is a low-cost vehicle capable of deploying satellites of up to 500 kg (1,100 pounds) into low-Earth orbit, or LEO - the most sought after segment of the satellite launch market.
After its first successful launch in 2023, the government moved to transfer the vehicle’s production and technology to private industry as part of a broader push to expand India’s commercial space sector.
That move has been the highest-profile piece of India's privatisation efforts, which the government hopes will help the country claim a greater share of the booming global satellite launch market, dominated by private players such as SpaceX.
“LEO is the name of the game right now, so the potential winner has the opportunity to really tap into a rapidly growing market,” said Damodaran Raman, a director at Deloitte who soecialises in space tech.
About 20 companies initially expressed interest in bidding for the SSLV, the first privatisation of its kind under Prime Minister Narendra Modi’s policy drive to open up India’s space industry.
The three finalist consortiums include Alpha Design Technologies, in which Adani Defence Systems and Technologies owns a stake; state-backed Bharat Dynamics Limited BARA.NS; and Hindustan Aeronautics Limited HIAE.NS. Reuters could not verify the exact structure of each bidding group.
The companies did not respond to Reuters requests for comment. The sources did not want to be named because details of the bids are not public.
The winning company is expected to pay India's space agency about 3 billion rupees ($30 million) for the SSLV, covering design know-how, manufacturing processes, quality-assurance training, and up to 24 months of technical support or two successful launches, according to one of the sources.
Beyond financial capability, bidders must demonstrate the ability to manufacture, sustain, and sell the SSLV.
A second source familiar with the matter said the limited availability of launch slots with major industry players such as SpaceX presents a significant opportunity for new entrants, with the possibility of positioning themselves as a go-to launch partner for South Asia.
The global satellite launch vehicle market is projected to grow from $5.6 billion in 2025 to $113 billion by 2030, with low-Earth orbit launches dominating, according to research firm Mordor Intelligence.
India accounts for only 2% of the global space economy. The Modi government aims to expand that share fivefold to $44 billion by the end of the decade.
Companies vying for the SSLV contract were required to be profitable, with the lead bidder having at least five years of manufacturing experience and an annual revenue of at least 4 billion rupees ($50 million), according to India’s space regulator.
($1 = 86.9500 Indian rupees)
($1 = 86.7540 Indian rupees)
(Reporting by Nivedita Bhattacharjee in Bengaluru. Editing by Gerry Doyle)
(([email protected]; Mobile: +91 9920455129; X: @tweetsfromnivi;))
EXCLUSIVE-Adani-backed firm among three finalists in India's small satellite launch rocket privatisation
Other bidders involve state-backed companies
Indian government has been pushing to privatise space industry
SSLV up for bid is home-grown small space booster
By Nivedita Bhattacharjee
BENGALURU, Feb 14 (Reuters) - Indian conglomerate Adani Group is a finalist, alongside two government-linked groups, to take over private production of India’s Small Satellite Launch Vehicle, three sources familiar with the matter told Reuters.
The SSLV, developed by the Indian Space Research Organisation, is a low-cost vehicle capable of deploying satellites of up to 500 kg (1,100 pounds) into low-Earth orbit, or LEO - the most sought after segment of the satellite launch market.
After its first successful launch in 2023, the government moved to transfer the vehicle’s production and technology to private industry as part of a broader push to expand India’s commercial space sector.
That move has been the highest-profile piece of India's privatisation efforts, which the government hopes will help the country claim a greater share of the booming global satellite launch market, dominated by private players such as SpaceX.
“LEO is the name of the game right now, so the potential winner has the opportunity to really tap into a rapidly growing market,” said Damodaran Raman, a director at Deloitte who soecialises in space tech.
About 20 companies initially expressed interest in bidding for the SSLV, the first privatisation of its kind under Prime Minister Narendra Modi’s policy drive to open up India’s space industry.
The three finalist consortiums include Alpha Design Technologies, in which Adani Defence Systems and Technologies owns a stake; state-backed Bharat Dynamics Limited BARA.NS; and Hindustan Aeronautics Limited HIAE.NS. Reuters could not verify the exact structure of each bidding group.
The companies did not respond to Reuters requests for comment. The sources did not want to be named because details of the bids are not public.
The winning company is expected to pay India's space agency about 3 billion rupees ($30 million) for the SSLV, covering design know-how, manufacturing processes, quality-assurance training, and up to 24 months of technical support or two successful launches, according to one of the sources.
Beyond financial capability, bidders must demonstrate the ability to manufacture, sustain, and sell the SSLV.
A second source familiar with the matter said the limited availability of launch slots with major industry players such as SpaceX presents a significant opportunity for new entrants, with the possibility of positioning themselves as a go-to launch partner for South Asia.
The global satellite launch vehicle market is projected to grow from $5.6 billion in 2025 to $113 billion by 2030, with low-Earth orbit launches dominating, according to research firm Mordor Intelligence.
India accounts for only 2% of the global space economy. The Modi government aims to expand that share fivefold to $44 billion by the end of the decade.
Companies vying for the SSLV contract were required to be profitable, with the lead bidder having at least five years of manufacturing experience and an annual revenue of at least 4 billion rupees ($50 million), according to India’s space regulator.
($1 = 86.9500 Indian rupees)
($1 = 86.7540 Indian rupees)
(Reporting by Nivedita Bhattacharjee in Bengaluru. Editing by Gerry Doyle)
(([email protected]; Mobile: +91 9920455129; X: @tweetsfromnivi;))
Other bidders involve state-backed companies
Indian government has been pushing to privatise space industry
SSLV up for bid is home-grown small space booster
By Nivedita Bhattacharjee
BENGALURU, Feb 14 (Reuters) - Indian conglomerate Adani Group is a finalist, alongside two government-linked groups, to take over private production of India’s Small Satellite Launch Vehicle, three sources familiar with the matter told Reuters.
The SSLV, developed by the Indian Space Research Organisation, is a low-cost vehicle capable of deploying satellites of up to 500 kg (1,100 pounds) into low-Earth orbit, or LEO - the most sought after segment of the satellite launch market.
After its first successful launch in 2023, the government moved to transfer the vehicle’s production and technology to private industry as part of a broader push to expand India’s commercial space sector.
That move has been the highest-profile piece of India's privatisation efforts, which the government hopes will help the country claim a greater share of the booming global satellite launch market, dominated by private players such as SpaceX.
“LEO is the name of the game right now, so the potential winner has the opportunity to really tap into a rapidly growing market,” said Damodaran Raman, a director at Deloitte who soecialises in space tech.
About 20 companies initially expressed interest in bidding for the SSLV, the first privatisation of its kind under Prime Minister Narendra Modi’s policy drive to open up India’s space industry.
The three finalist consortiums include Alpha Design Technologies, in which Adani Defence Systems and Technologies owns a stake; state-backed Bharat Dynamics Limited BARA.NS; and Hindustan Aeronautics Limited HIAE.NS. Reuters could not verify the exact structure of each bidding group.
The companies did not respond to Reuters requests for comment. The sources did not want to be named because details of the bids are not public.
The winning company is expected to pay India's space agency about 3 billion rupees ($30 million) for the SSLV, covering design know-how, manufacturing processes, quality-assurance training, and up to 24 months of technical support or two successful launches, according to one of the sources.
Beyond financial capability, bidders must demonstrate the ability to manufacture, sustain, and sell the SSLV.
A second source familiar with the matter said the limited availability of launch slots with major industry players such as SpaceX presents a significant opportunity for new entrants, with the possibility of positioning themselves as a go-to launch partner for South Asia.
The global satellite launch vehicle market is projected to grow from $5.6 billion in 2025 to $113 billion by 2030, with low-Earth orbit launches dominating, according to research firm Mordor Intelligence.
India accounts for only 2% of the global space economy. The Modi government aims to expand that share fivefold to $44 billion by the end of the decade.
Companies vying for the SSLV contract were required to be profitable, with the lead bidder having at least five years of manufacturing experience and an annual revenue of at least 4 billion rupees ($50 million), according to India’s space regulator.
($1 = 86.9500 Indian rupees)
($1 = 86.7540 Indian rupees)
(Reporting by Nivedita Bhattacharjee in Bengaluru. Editing by Gerry Doyle)
(([email protected]; Mobile: +91 9920455129; X: @tweetsfromnivi;))
EXCLUSIVE-India expects $200 million missile deal with Philippines this year, sources say
By Shivam Patel
NEW DELHI, Feb 13 (Reuters) - India expects to sell short-range missiles to the Philippines this year in a deal worth more than $200 million, Indian sources told Reuters, for New Delhi's second major defence export contract with Manila as tension grows with China.
The Akash missile system developed by India's defence research body has drawn interest from the Philippines, which has told New Delhi it would make an order in the fiscal year that begins in April, said three sources.
All the sources spoke on condition of anonymity as the matter is a sensitive one.
The surface-to-air missile system with a range of up to 25 km (16 miles) was exported to Armenia last year in a $230-million deal, the sources said, adding that the Philippine sale is expected to be bigger than the Armenian deal.
However, they did not reveal the number of missiles and accompanying systems, including radars, involved.
India's Bharat Dynamics Ltd BARA.NS, the manufacturer of the missiles, was one of the exhibitors at last year's Asian Defense and Security Exhibition in Manila.
The company and India's defence ministry did not immediately respond to requests for comment.
A Philippine defence spokesperson, Arsenio Andolong, declined to comment on the specifics of any deal or on plans for procurement, but said the country's armed forces had "manifested it requires these capabilities".
The expected deal would follow India's $375-million sale of the mid-range BrahMos supersonic cruise missile to the Philippines in 2022.
The purchase comes at a time when Manila is building its military strength as tension escalates with Beijing on overlapping claims in the busy waterway of the South China Sea, where the two have clashed in recent years.
India is the world's biggest arms importer but is stepping up domestic production and boosting defence exports to counter China's military strength and influence in its neighbourhood after their troops clashed on the Himalayan border in 2020.
The Philippines' armed forces chief said on Wednesday the country was looking to buy more military hardware to modernise its arsenal, including additional BrahMos missiles from India and at least two submarines.
"We are getting more of this (BrahMos system) this year, and in the coming years," General Romeo Brawner said in a speech to business figures in the Philippines, but did not mention the Akash missile system.
(Reporting by Shivam Patel in New Delhi; Additional reporting by Karen Lema in Manila; Editing by Clarence Fernandez)
(([email protected];))
By Shivam Patel
NEW DELHI, Feb 13 (Reuters) - India expects to sell short-range missiles to the Philippines this year in a deal worth more than $200 million, Indian sources told Reuters, for New Delhi's second major defence export contract with Manila as tension grows with China.
The Akash missile system developed by India's defence research body has drawn interest from the Philippines, which has told New Delhi it would make an order in the fiscal year that begins in April, said three sources.
All the sources spoke on condition of anonymity as the matter is a sensitive one.
The surface-to-air missile system with a range of up to 25 km (16 miles) was exported to Armenia last year in a $230-million deal, the sources said, adding that the Philippine sale is expected to be bigger than the Armenian deal.
However, they did not reveal the number of missiles and accompanying systems, including radars, involved.
India's Bharat Dynamics Ltd BARA.NS, the manufacturer of the missiles, was one of the exhibitors at last year's Asian Defense and Security Exhibition in Manila.
The company and India's defence ministry did not immediately respond to requests for comment.
A Philippine defence spokesperson, Arsenio Andolong, declined to comment on the specifics of any deal or on plans for procurement, but said the country's armed forces had "manifested it requires these capabilities".
The expected deal would follow India's $375-million sale of the mid-range BrahMos supersonic cruise missile to the Philippines in 2022.
The purchase comes at a time when Manila is building its military strength as tension escalates with Beijing on overlapping claims in the busy waterway of the South China Sea, where the two have clashed in recent years.
India is the world's biggest arms importer but is stepping up domestic production and boosting defence exports to counter China's military strength and influence in its neighbourhood after their troops clashed on the Himalayan border in 2020.
The Philippines' armed forces chief said on Wednesday the country was looking to buy more military hardware to modernise its arsenal, including additional BrahMos missiles from India and at least two submarines.
"We are getting more of this (BrahMos system) this year, and in the coming years," General Romeo Brawner said in a speech to business figures in the Philippines, but did not mention the Akash missile system.
(Reporting by Shivam Patel in New Delhi; Additional reporting by Karen Lema in Manila; Editing by Clarence Fernandez)
(([email protected];))
Thales, Bharat Dynamics Agree On Initial Supply Of Man Portable Air Defence Systems To India
Feb 11 (Reuters) - Thales SA TCFP.PA:
THALES ANNOUNCED ON MONDAY AGREEMENT WITH BHARAT DYNAMICS LTD ON INITIAL SUPPLY OF MAN PORTABLE AIR DEFENCE SYSTEMS TO INDIA
WILL PROVIDE A FIRST SUPPLY OF LASER BEAM RIDING MANPAD (LBRM) VERY SHORT RANGE AIR DEFENCE (VSHORAD) MISSILES AND LAUNCHERS TO THE INDIAN MINISTRY OF DEFENCE
INITIAL SUPPLY OF HIGH VELOCITY MISSILES (STARSTREAK) AND LAUNCHERS WILL BE DELIVERED THIS YEAR
PRODUCTION PARTNERSHIP WITH INDIA WILL ALSO INCREASE UK PRODUCTION AT THALES BELFAST SITE, WHERE LBRM IS DESIGNED
STEP CONFIRMS FOUNDATION OF LONG-TERM COLLABORATION AND MANUFACTURING PARTNERSHIP BETWEEN THALES AND BDL
Source text: https://tinyurl.com/4dx62pr9
Further company coverage: TCFP.PA
(Gdansk Newsroom)
(([email protected]; +48 58 769 66 00;))
Feb 11 (Reuters) - Thales SA TCFP.PA:
THALES ANNOUNCED ON MONDAY AGREEMENT WITH BHARAT DYNAMICS LTD ON INITIAL SUPPLY OF MAN PORTABLE AIR DEFENCE SYSTEMS TO INDIA
WILL PROVIDE A FIRST SUPPLY OF LASER BEAM RIDING MANPAD (LBRM) VERY SHORT RANGE AIR DEFENCE (VSHORAD) MISSILES AND LAUNCHERS TO THE INDIAN MINISTRY OF DEFENCE
INITIAL SUPPLY OF HIGH VELOCITY MISSILES (STARSTREAK) AND LAUNCHERS WILL BE DELIVERED THIS YEAR
PRODUCTION PARTNERSHIP WITH INDIA WILL ALSO INCREASE UK PRODUCTION AT THALES BELFAST SITE, WHERE LBRM IS DESIGNED
STEP CONFIRMS FOUNDATION OF LONG-TERM COLLABORATION AND MANUFACTURING PARTNERSHIP BETWEEN THALES AND BDL
Source text: https://tinyurl.com/4dx62pr9
Further company coverage: TCFP.PA
(Gdansk Newsroom)
(([email protected]; +48 58 769 66 00;))
Bharat Dynamics Dec-Quarter Profit 1.47 Billion Rupees
Feb 6 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS - DIVIDEND 4 RUPEES PER SHARE
BHARAT DYNAMICS DEC-QUARTER PROFIT 1.47 BILLION RUPEES
BHARAT DYNAMICS DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 8.32 BILLION RUPEES
Source text: [ID:]
Further company coverage: BARA.NS
(([email protected];;))
Feb 6 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS - DIVIDEND 4 RUPEES PER SHARE
BHARAT DYNAMICS DEC-QUARTER PROFIT 1.47 BILLION RUPEES
BHARAT DYNAMICS DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 8.32 BILLION RUPEES
Source text: [ID:]
Further company coverage: BARA.NS
(([email protected];;))
India Government: Signed Contract With Bharat Dynamics Ltd For Supply Of Medium-Range Surface-To-Air Missiles For Navy At Cost Of Around 29.60 Billion Rupees
Jan 16 (Reuters) -
INDIA GOVERNMENT: SIGNED CONTRACT WITH BHARAT DYNAMICS LTD FOR SUPPLY OF MEDIUM-RANGE SURFACE-TO-AIR MISSILES FOR NAVY AT COST OF AROUND 29.60 BILLION RUPEES
Further company coverage: BARA.NS
(([email protected];))
Jan 16 (Reuters) -
INDIA GOVERNMENT: SIGNED CONTRACT WITH BHARAT DYNAMICS LTD FOR SUPPLY OF MEDIUM-RANGE SURFACE-TO-AIR MISSILES FOR NAVY AT COST OF AROUND 29.60 BILLION RUPEES
Further company coverage: BARA.NS
(([email protected];))
Bharat Dynamics Sept-Quarter Profit 1.23 Billion Rupees
Nov 14 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS SEPT-QUARTER PROFIT 1.23 BILLION RUPEES
BHARAT DYNAMICS SEPT-QUARTER TOTAL REVENUE FROM OPERATIONS 5.45 BILLION RUPEES
Further company coverage: BARA.NS
(([email protected];))
Nov 14 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS SEPT-QUARTER PROFIT 1.23 BILLION RUPEES
BHARAT DYNAMICS SEPT-QUARTER TOTAL REVENUE FROM OPERATIONS 5.45 BILLION RUPEES
Further company coverage: BARA.NS
(([email protected];))
India's Bharat Dynamics slumps on Q1 profit drop
** Shares of Bharat Dynamics BARA.NS fall as much as 14.8% to 1,222.4 rupees, lowest since May 18
** BARA among top losers on Nifty Midcap 100 index .NIFMDCP100, which is down 0.27%
** Defence equipment maker said Q1 profit fell 83% Y/Y, rev from ops down 29%
** Supply chain issues on electronic components have hampered performance, said analyst at Antique Stock Broking
** Adds, issues seem to be receding, can expect normalization of supply from overseas vendors from 2HFY25
** Six analysts covering the stock have a "buy" rating on avg; median PT is 1,256.5 rupees - LSEG data
** Stock up 67% so far this year vs a 24% gain in the midcap index
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Bharat Dynamics BARA.NS fall as much as 14.8% to 1,222.4 rupees, lowest since May 18
** BARA among top losers on Nifty Midcap 100 index .NIFMDCP100, which is down 0.27%
** Defence equipment maker said Q1 profit fell 83% Y/Y, rev from ops down 29%
** Supply chain issues on electronic components have hampered performance, said analyst at Antique Stock Broking
** Adds, issues seem to be receding, can expect normalization of supply from overseas vendors from 2HFY25
** Six analysts covering the stock have a "buy" rating on avg; median PT is 1,256.5 rupees - LSEG data
** Stock up 67% so far this year vs a 24% gain in the midcap index
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
India's Bharat Dynamics extends losses, bucks wider cheer
** Shares of India's Bharat Dynamics BARA.NS extend losses, last down 9.5% at 1,303.4 rupees
** Defence equipment maker set to end session near Tuesday's level, if trends hold
** BARA closed previous session 10% lower when Indian stock market witnessed its biggest fall in four years
** On Wednesday, company's slump bucks strength in wider markets, where benchmarks surge on Modi's allies pledging support to form government .BO
** BARA among eight red members in 100-constituent Nifty mid-cap index .NIFMDCP100, which is up ~4%
** Analysts caution against capex-linked stocks such as infra, on worries over policy and reforms continuity after shock results
** YTD BARA has risen 53% vs a ~11% gain in mid-caps gauge
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Bharat Dynamics BARA.NS extend losses, last down 9.5% at 1,303.4 rupees
** Defence equipment maker set to end session near Tuesday's level, if trends hold
** BARA closed previous session 10% lower when Indian stock market witnessed its biggest fall in four years
** On Wednesday, company's slump bucks strength in wider markets, where benchmarks surge on Modi's allies pledging support to form government .BO
** BARA among eight red members in 100-constituent Nifty mid-cap index .NIFMDCP100, which is up ~4%
** Analysts caution against capex-linked stocks such as infra, on worries over policy and reforms continuity after shock results
** YTD BARA has risen 53% vs a ~11% gain in mid-caps gauge
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Bharat Dynamics March-Quarter Profit Rises
May 30 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS LTD MARCH-QUARTER PROFIT 2.89 BILLION RUPEES VERSUS 1.53 BILLION RUPEES
BHARAT DYNAMICS LTD MARCH-QUARTER INCOME FROM OPERATIONS 8.49 BILLION RUPEES VERSUS 7.97 BILLION RUPEES
Source text for Eikon: ID:nBSEbJjbSp
Further company coverage: BARA.NS
(([email protected];))
May 30 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS LTD MARCH-QUARTER PROFIT 2.89 BILLION RUPEES VERSUS 1.53 BILLION RUPEES
BHARAT DYNAMICS LTD MARCH-QUARTER INCOME FROM OPERATIONS 8.49 BILLION RUPEES VERSUS 7.97 BILLION RUPEES
Source text for Eikon: ID:nBSEbJjbSp
Further company coverage: BARA.NS
(([email protected];))
Bharat Dynamics To Invest In Joint Venture Along With Five Other Members Of Up To 11.7 Million Rupees
May 7 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS LTD - TO INVEST IN A JOINT VENTURE ALONG WITH FIVE OTHER MEMBERS OF UP TO 11.7 MILLION RUPEES
BHARAT DYNAMICS - CONSORTIUM IS BEING LED BY BHARAT ELECTRONICS
Source text for Eikon: ID:nBSE8jJWlS
Further company coverage: BARA.NS
(([email protected];;))
May 7 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS LTD - TO INVEST IN A JOINT VENTURE ALONG WITH FIVE OTHER MEMBERS OF UP TO 11.7 MILLION RUPEES
BHARAT DYNAMICS - CONSORTIUM IS BEING LED BY BHARAT ELECTRONICS
Source text for Eikon: ID:nBSE8jJWlS
Further company coverage: BARA.NS
(([email protected];;))
India's Bharat Dynamics jumps to record high
** Shares of Bharat Dynamics BARA.NS rise as much as 8.4% to record 2,083.70 rupees
** BARA last up 6.3%; reason for share move not immediately clear
** Around 4.6 mln shares traded, 4.5x 30-day avg. volume
** Analysts tracking defense equipment maker BARA rate it "buy" on average, same as state-owned competitor Bharat Electronics BAJE.NS - LSEG data
** BARA's 20% YTD gains trail BAJE's 29% growth this year
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Bharat Dynamics BARA.NS rise as much as 8.4% to record 2,083.70 rupees
** BARA last up 6.3%; reason for share move not immediately clear
** Around 4.6 mln shares traded, 4.5x 30-day avg. volume
** Analysts tracking defense equipment maker BARA rate it "buy" on average, same as state-owned competitor Bharat Electronics BAJE.NS - LSEG data
** BARA's 20% YTD gains trail BAJE's 29% growth this year
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
India's Bharat Dynamics falls on reporting lower annual turnover
** Shares of Bharat Dynamics BARA.NS down 3.1% to 1,718.5 rupees
** Defence equipment maker said it recorded a turnover of about 23.50 bln rupees ($281.9 mln) for FY24, down 5.6% year-on-year
** Reduction in turnover is mainly on account of current geopolitical situation prevailing in Europe and Middle East which has affected the supply chain of the company - BARA
** Average rating of six analysts close to equivalent of "buy"; median PT is 2,010 rupees - LSEG data
** Including session's move, stock up 0.33% YTD
($1 = 83.3550 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Bharat Dynamics BARA.NS down 3.1% to 1,718.5 rupees
** Defence equipment maker said it recorded a turnover of about 23.50 bln rupees ($281.9 mln) for FY24, down 5.6% year-on-year
** Reduction in turnover is mainly on account of current geopolitical situation prevailing in Europe and Middle East which has affected the supply chain of the company - BARA
** Average rating of six analysts close to equivalent of "buy"; median PT is 2,010 rupees - LSEG data
** Including session's move, stock up 0.33% YTD
($1 = 83.3550 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Bharat Dynamics- Recorded Turnover Of About 23.50 Bln Rupees For FY Ending March 31
April 1 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS LTD- BDL RECORDED A TURNOVER OF ABOUT 23.50 BILLION RUPEES FOR FY ENDING MARCH 31
BHARAT DYNAMICS LTD- REDUCTION IN TURNOVER IS DUE TO CURRENT GEOPOLITICAL SITUATION IN EUROPE AND MIDDLE EAST
BHARAT DYNAMICS LTD- ORDER BOOK POSITION (PROVISIONAL AND UNAUDITED) AS OF APRIL 1 AT 194.68 BILLION RUPEES
Source text for Eikon: ID:nBSE1j3Xm1
Further company coverage: BARA.NS
(([email protected];))
April 1 (Reuters) - Bharat Dynamics Ltd BARA.NS:
BHARAT DYNAMICS LTD- BDL RECORDED A TURNOVER OF ABOUT 23.50 BILLION RUPEES FOR FY ENDING MARCH 31
BHARAT DYNAMICS LTD- REDUCTION IN TURNOVER IS DUE TO CURRENT GEOPOLITICAL SITUATION IN EUROPE AND MIDDLE EAST
BHARAT DYNAMICS LTD- ORDER BOOK POSITION (PROVISIONAL AND UNAUDITED) AS OF APRIL 1 AT 194.68 BILLION RUPEES
Source text for Eikon: ID:nBSE1j3Xm1
Further company coverage: BARA.NS
(([email protected];))
India's Bharat Dynamics gains on stock split approval
** Shares of Bharat Dynamics BARA.NS rise 2.7% to 1,706 rupees
** Defence equipment maker said on Thursday it has approved stock split
** Adds, declared interim dividend of 8.85 rupees per equity share
** BARA trading above its 200-day simple moving avg since Nov. 10
** Average rating of six analysts covering the stock is "buy"; median PT is 2,010 rupees - LSEG data
** Stock up over 2% for the week
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Bharat Dynamics BARA.NS rise 2.7% to 1,706 rupees
** Defence equipment maker said on Thursday it has approved stock split
** Adds, declared interim dividend of 8.85 rupees per equity share
** BARA trading above its 200-day simple moving avg since Nov. 10
** Average rating of six analysts covering the stock is "buy"; median PT is 2,010 rupees - LSEG data
** Stock up over 2% for the week
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
Bharat Dynamics Declared An Interim Dividend Of 8.85 Rupees Per Equity Share
March 21 (Reuters) - Bharat Dynamics Ltd BARA.NS:
DECLARED AN INTERIM DIVIDEND OF 8.85 RUPEES PER EQUITY SHARE
APPROVED APPOINTMENT OF G. GAYATRI PRASAD AS CFO
APPROVED THE SUB-DIVISION OF EQUITY SHARES
Source text for Eikon: ID:nNSE2Rg245
Further company coverage: BARA.NS
(([email protected];))
March 21 (Reuters) - Bharat Dynamics Ltd BARA.NS:
DECLARED AN INTERIM DIVIDEND OF 8.85 RUPEES PER EQUITY SHARE
APPROVED APPOINTMENT OF G. GAYATRI PRASAD AS CFO
APPROVED THE SUB-DIVISION OF EQUITY SHARES
Source text for Eikon: ID:nNSE2Rg245
Further company coverage: BARA.NS
(([email protected];))
India's Bharat Dynamics up on Q3 profit jump
** Shares of Bharat Dynamics BARA.NS rise 2.8% to 1,711 rupees
** Defence equipment maker said on Wednesday its Q3 profit jumped over 61%
** Analysts covering the stock on average have a "strong buy" rating; stock currently trading at ~23% premium to the median PT of 1,387 rupees - LSEG data
** BARA trading above its 100-day, 200-day simple moving averages since Nov.
** Stock gained 66% during Dec. qtr, its best quarterly gain since June 2020
($1 = 83.1190 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Bharat Dynamics BARA.NS rise 2.8% to 1,711 rupees
** Defence equipment maker said on Wednesday its Q3 profit jumped over 61%
** Analysts covering the stock on average have a "strong buy" rating; stock currently trading at ~23% premium to the median PT of 1,387 rupees - LSEG data
** BARA trading above its 100-day, 200-day simple moving averages since Nov.
** Stock gained 66% during Dec. qtr, its best quarterly gain since June 2020
($1 = 83.1190 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
India's Bharat Dynamics jumps to record high extending seven-week rally
** Shares of defence equipment maker Bharat Dynamics BARA.NS up 6.2% to a record high of 1,479.5 rupees
** Stock set for biggest intraday pct gain since July 11
** Shares of co up in the past seven weeks, gaining ~44% during the period
** Stock has been above its 100-day simple moving average since Nov 24, when defence stocks gained on report of govt set to clear three projects worth 1.4 trln rupees ($16.87 bln)
** Trading vol is 2x the 30-day daily avg, tops 2 mln for the fourth time in Dec
** All 5 analysts covering the stock have a "buy" or "strong buy" rating; median PT is 1,387 rupees - LSEG data
** Stock extends YTD gains to ~57%
** Stock gained in every year since its listing in March 2018
($1 = 83.0070 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
** Shares of defence equipment maker Bharat Dynamics BARA.NS up 6.2% to a record high of 1,479.5 rupees
** Stock set for biggest intraday pct gain since July 11
** Shares of co up in the past seven weeks, gaining ~44% during the period
** Stock has been above its 100-day simple moving average since Nov 24, when defence stocks gained on report of govt set to clear three projects worth 1.4 trln rupees ($16.87 bln)
** Trading vol is 2x the 30-day daily avg, tops 2 mln for the fourth time in Dec
** All 5 analysts covering the stock have a "buy" or "strong buy" rating; median PT is 1,387 rupees - LSEG data
** Stock extends YTD gains to ~57%
** Stock gained in every year since its listing in March 2018
($1 = 83.0070 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected] ;))
India's BEML posts Q2 profit jump on healthy demand, lower costs
BENGALURU, Nov 9 (Reuters) - Indian state-owned heavy equipment maker BEML BEML.NS reported a more than three-fold climb in second-quarter profit on Thursday as strong industrial demand led to better order inflows and lowered costs.
The company's consolidated profit rose to 517.8 million rupees ($6.22 million) in the three months to Sept. 30 from 162.6 million rupees a year earlier.
Capital goods companies have benefitted from the Indian government's push for higher capital expenditure in its last full budget announced in February 2023, before the next general election in 2024.
Additionally, commodity prices such as steel have eased, helping BEML lower its input costs by around 20%.
The company, which operates in the defence, aerospace, rail and mining construction and manufacturing segments, received orders from the likes of the Bengaluru Metro Rail Corporation and Indian Ministry of Defence during the quarter.
Its revenue rose nearly 14% to 9.17 billion rupees.
Peers Bharat Dynamics BARA.NS, Thermax THMX.NS and KEC International KECL.NS too reported a rise in profit last week.
Shares of BEML closed 2.02% lower ahead of results. They have risen 42.6% so far this year.
($1 = 83.2770 Indian rupees)
(Reporting by Varun Vyas and Manvi Pant in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
BENGALURU, Nov 9 (Reuters) - Indian state-owned heavy equipment maker BEML BEML.NS reported a more than three-fold climb in second-quarter profit on Thursday as strong industrial demand led to better order inflows and lowered costs.
The company's consolidated profit rose to 517.8 million rupees ($6.22 million) in the three months to Sept. 30 from 162.6 million rupees a year earlier.
Capital goods companies have benefitted from the Indian government's push for higher capital expenditure in its last full budget announced in February 2023, before the next general election in 2024.
Additionally, commodity prices such as steel have eased, helping BEML lower its input costs by around 20%.
The company, which operates in the defence, aerospace, rail and mining construction and manufacturing segments, received orders from the likes of the Bengaluru Metro Rail Corporation and Indian Ministry of Defence during the quarter.
Its revenue rose nearly 14% to 9.17 billion rupees.
Peers Bharat Dynamics BARA.NS, Thermax THMX.NS and KEC International KECL.NS too reported a rise in profit last week.
Shares of BEML closed 2.02% lower ahead of results. They have risen 42.6% so far this year.
($1 = 83.2770 Indian rupees)
(Reporting by Varun Vyas and Manvi Pant in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
India's Bharat Dynamics Sept-Qtr Profit Rises
Nov 3 (Reuters) - Bharat Dynamics Ltd BARA.NS:
INDIA'S BHARAT DYNAMICS SEPT-QUARTER PROFIT 1.47 BILLION RUPEES VERSUS PROFIT 758.2 MILLION RUPEES
BHARAT DYNAMICS LTD SEPT-QUARTER INCOME FROM OPERATIONS 6.1 BILLION RUPEES VERSUS 5.29 BILLION RUPEES
Source text for Eikon: ID:nBSE98N03f
Further company coverage: BARA.NS
(([email protected];;))
Nov 3 (Reuters) - Bharat Dynamics Ltd BARA.NS:
INDIA'S BHARAT DYNAMICS SEPT-QUARTER PROFIT 1.47 BILLION RUPEES VERSUS PROFIT 758.2 MILLION RUPEES
BHARAT DYNAMICS LTD SEPT-QUARTER INCOME FROM OPERATIONS 6.1 BILLION RUPEES VERSUS 5.29 BILLION RUPEES
Source text for Eikon: ID:nBSE98N03f
Further company coverage: BARA.NS
(([email protected];;))
Bharat Dynamics Signed Contract Worth 2.91 Billion Rupees With IAF
Sept 19 (Reuters) - Bharat Dynamics Ltd BARA.NS:
SIGNED CONTRACT WORTH 2.91 BILLION RUPEES WITH IAF
CONTRACT FOR SUPPLY OF SURFACE TO AIR MISSILES
Source text for Eikon: ID:nBSE8k7gjY
Further company coverage: BARA.NS
(([email protected];))
Sept 19 (Reuters) - Bharat Dynamics Ltd BARA.NS:
SIGNED CONTRACT WORTH 2.91 BILLION RUPEES WITH IAF
CONTRACT FOR SUPPLY OF SURFACE TO AIR MISSILES
Source text for Eikon: ID:nBSE8k7gjY
Further company coverage: BARA.NS
(([email protected];))
India's Bharat Dynamics June-Quarter Profit Rises
Aug 4 (Reuters) - Bharat Dynamics Ltd BARA.NS:
INDIA'S BHARAT DYNAMICS JUNE-QUARTER PROFIT 418.2 MILLION RUPEES VERSUS PROFIT 398.6 MILLION RUPEES
BHARAT DYNAMICS LTD JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 2.98 BILLION RUPEES VERSUS 6.95 BILLION RUPEES
Source text for Eikon: ID:nBSEbNKSpg
Further company coverage: BARA.NS
(([email protected];))
Aug 4 (Reuters) - Bharat Dynamics Ltd BARA.NS:
INDIA'S BHARAT DYNAMICS JUNE-QUARTER PROFIT 418.2 MILLION RUPEES VERSUS PROFIT 398.6 MILLION RUPEES
BHARAT DYNAMICS LTD JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 2.98 BILLION RUPEES VERSUS 6.95 BILLION RUPEES
Source text for Eikon: ID:nBSEbNKSpg
Further company coverage: BARA.NS
(([email protected];))
Bharat Dynamics Appointment Of A. Madhavarao As Chairman, Managing Director
July 20 (Reuters) - Bharat Dynamics Ltd BARA.NS:
APPOINTMENT OF A. MADHAVARAO AS CHAIRMAN, MANAGING DIRECTOR
Source text for Eikon: ID:nBSE6rt69f
Further company coverage: BARA.NS
(([email protected];))
July 20 (Reuters) - Bharat Dynamics Ltd BARA.NS:
APPOINTMENT OF A. MADHAVARAO AS CHAIRMAN, MANAGING DIRECTOR
Source text for Eikon: ID:nBSE6rt69f
Further company coverage: BARA.NS
(([email protected];))
India's Bharat Dynamics, Bharat Electronics jump to record highs
** Shares of defense equipment makers Bharat Dynamics Ltd BARA.NS and Bharat Electronics Ltd BAJE.NS hit record highs, rising as much as 18.3% and 4.5%, respectively
** PhillipCapital analysts initiate coverage on BARA with "buy", PT of 1,428 rupees; maintain "buy" on BAJE;
** Stocks among brokerage's top picks in sector
** Expects BARA, India's only surface-to-air missile maker, to see revenue for FY23-26 rise at compounded annual growth rate of 32% on order backlog execution
** State-owned BAJE's revenue CAGR seen at 15% through FY23-26; positive on order backlog, revenue diversification from non-defence clients - PhillipCapital
** BARA up 31.5 YTD vs BAJE's 28.8% rise
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of defense equipment makers Bharat Dynamics Ltd BARA.NS and Bharat Electronics Ltd BAJE.NS hit record highs, rising as much as 18.3% and 4.5%, respectively
** PhillipCapital analysts initiate coverage on BARA with "buy", PT of 1,428 rupees; maintain "buy" on BAJE;
** Stocks among brokerage's top picks in sector
** Expects BARA, India's only surface-to-air missile maker, to see revenue for FY23-26 rise at compounded annual growth rate of 32% on order backlog execution
** State-owned BAJE's revenue CAGR seen at 15% through FY23-26; positive on order backlog, revenue diversification from non-defence clients - PhillipCapital
** BARA up 31.5 YTD vs BAJE's 28.8% rise
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Premier Explosives Wins Orders Worth 767.8 Mln Rupees And 97.3 Mln Rupees
July 6 (Reuters) - Premier Explosives Ltd PRMR.NS:
WINS ORDERS WORTH 767.8 MILLION RUPEES AND 97.3 MILLION RUPEES
GETS ORDERS FROM MINISTRY OF DEFENCE, AIR HQ, AND BHARAT DYNAMICS
Source text for Eikon: ID:nBSEV191M
Further company coverage: PRMR.NS
(([email protected];))
July 6 (Reuters) - Premier Explosives Ltd PRMR.NS:
WINS ORDERS WORTH 767.8 MILLION RUPEES AND 97.3 MILLION RUPEES
GETS ORDERS FROM MINISTRY OF DEFENCE, AIR HQ, AND BHARAT DYNAMICS
Source text for Eikon: ID:nBSEV191M
Further company coverage: PRMR.NS
(([email protected];))
Premier Explosives Gets Order From L&T, Bharat Dynamics
June 9 (Reuters) - Premier Explosives Ltd PRMR.NS:
GOT ORDER FROM BHARAT DYNAMICS WORTH 432.6 MILLION RUPEES
GETS FROM ORDER LARSEN & TOUBRO WORTH 139.4 MILLION RUPEES
Source text for Eikon: ID:nBSE4YwMcp
Further company coverage: PRMR.NS
(([email protected];))
June 9 (Reuters) - Premier Explosives Ltd PRMR.NS:
GOT ORDER FROM BHARAT DYNAMICS WORTH 432.6 MILLION RUPEES
GETS FROM ORDER LARSEN & TOUBRO WORTH 139.4 MILLION RUPEES
Source text for Eikon: ID:nBSE4YwMcp
Further company coverage: PRMR.NS
(([email protected];))
India's Bharat Dynamics hits record high; stock in overbought zone
** Shares of Bharat Dynamics Ltd BARA.NS rise as much as 3.77% to a fresh record high of 1,191.10 rupees
** Rise after 382,144 shares of the defence equipment maker change hands in a block, as of 2:30 p.m. IST, at 1,181.85 rupees apiece
** The relative strength index of BARA is 75, suggesting the stock may be overbought - Refinitiv data
** The moving average convergence divergence (MACD) line has been above the signal line since May 31, suggesting bullish momentum
** Trading volume is 1.49 mln shares as of 2:26 p.m. IST, 2.5 times the 30-day avg
** Of the six analysts tracking BARA, four have "buy" rating and two "sell;" median TP is 1,215 rupees
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Bharat Dynamics Ltd BARA.NS rise as much as 3.77% to a fresh record high of 1,191.10 rupees
** Rise after 382,144 shares of the defence equipment maker change hands in a block, as of 2:30 p.m. IST, at 1,181.85 rupees apiece
** The relative strength index of BARA is 75, suggesting the stock may be overbought - Refinitiv data
** The moving average convergence divergence (MACD) line has been above the signal line since May 31, suggesting bullish momentum
** Trading volume is 1.49 mln shares as of 2:26 p.m. IST, 2.5 times the 30-day avg
** Of the six analysts tracking BARA, four have "buy" rating and two "sell;" median TP is 1,215 rupees
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's Bharat Dynamics March-Quarter Profit Falls
May 25 (Reuters) - Bharat Dynamics Ltd BARA.NS:
MARCH-QUARTER PROFIT 1.53 BILLION RUPEES VERSUS 2.64 BILLION RUPEES
MARCH-QUARTER TOTAL REVENUE FROM OPERATIONS 7.98 BILLION RUPEES VERSUS 13.81 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: BARA.NS
(([email protected];))
May 25 (Reuters) - Bharat Dynamics Ltd BARA.NS:
MARCH-QUARTER PROFIT 1.53 BILLION RUPEES VERSUS 2.64 BILLION RUPEES
MARCH-QUARTER TOTAL REVENUE FROM OPERATIONS 7.98 BILLION RUPEES VERSUS 13.81 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: BARA.NS
(([email protected];))
Bharat Dynamics Recorded A Turnover Of 24.58 Billion Rupees For Financial Year Ended On March 31
April 4 (Reuters) - Bharat Dynamics Ltd BARA.NS:
RECORDED A TURNOVER OF 24.58 BILLION RUPEES FOR FINANCIAL YEAR ENDED ON MARCH 31
REASONS FOR SHORTFALL IS DELAY IN RECEIPT OF IMPORTED ELECTRONIC ITEMS, CRITICAL EXPLOSIVE MATERIALS
DELAY IN RECEIPT OF MR-SAM KITS FROM OEM IS ALSO RESULTED IN NON-COMPLETION OF PRODUCTION
THIS SHORTFALL IS EXPECTED TO BE RECOVERED IN CURRENT FINANCIAL YEAR
Source text for Eikon: ID:nBSEzkh7L
Further company coverage: BARA.NS
(([email protected];))
April 4 (Reuters) - Bharat Dynamics Ltd BARA.NS:
RECORDED A TURNOVER OF 24.58 BILLION RUPEES FOR FINANCIAL YEAR ENDED ON MARCH 31
REASONS FOR SHORTFALL IS DELAY IN RECEIPT OF IMPORTED ELECTRONIC ITEMS, CRITICAL EXPLOSIVE MATERIALS
DELAY IN RECEIPT OF MR-SAM KITS FROM OEM IS ALSO RESULTED IN NON-COMPLETION OF PRODUCTION
THIS SHORTFALL IS EXPECTED TO BE RECOVERED IN CURRENT FINANCIAL YEAR
Source text for Eikon: ID:nBSEzkh7L
Further company coverage: BARA.NS
(([email protected];))
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What does Bharat Dynamics do?
Bharat Dynamics Limited (BDL) is a leading Indian defense PSU producing Surface to Air missiles and Anti-Tank Guided Missiles for the Indian armed forces, along with other military equipment while collaborating with DRDO for advanced weapon systems.
Who are the competitors of Bharat Dynamics?
Bharat Dynamics major competitors are Data Patterns (I), Astra Microwave Prod, Paras Defence &Space, Bharat Electronics, Hindustan Aeron, Tube Investments, Thermax. Market Cap of Bharat Dynamics is ₹51,654 Crs. While the median market cap of its peers are ₹41,070 Crs.
Is Bharat Dynamics financially stable compared to its competitors?
Bharat Dynamics seems to be less financially stable compared to its competitors. Altman Z score of Bharat Dynamics is 6.14 and is ranked 7 out of its 8 competitors.
Does Bharat Dynamics pay decent dividends?
The company seems to pay a good stable dividend. Bharat Dynamics latest dividend payout ratio is 31.56% and 3yr average dividend payout ratio is 36.88%
How has Bharat Dynamics allocated its funds?
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances
How strong is Bharat Dynamics balance sheet?
Balance sheet of Bharat Dynamics is strong. But short term working capital might become an issue for this company.
Is the profitablity of Bharat Dynamics improving?
The profit is oscillating. The profit of Bharat Dynamics is ₹566 Crs for TTM, ₹613 Crs for Mar 2024 and ₹352 Crs for Mar 2023.
Is the debt of Bharat Dynamics increasing or decreasing?
Yes, The debt of Bharat Dynamics is increasing. Latest debt of Bharat Dynamics is -₹3,473.42 Crs as of Sep-24. This is greater than Mar-24 when it was -₹8,452.58 Crs.
Is Bharat Dynamics stock expensive?
Yes, Bharat Dynamics is expensive. Latest PE of Bharat Dynamics is 91.32, while 3 year average PE is 45.1. Also latest EV/EBITDA of Bharat Dynamics is 98.37 while 3yr average is 38.93.
Has the share price of Bharat Dynamics grown faster than its competition?
Bharat Dynamics has given better returns compared to its competitors. Bharat Dynamics has grown at ~52.24% over the last 3yrs while peers have grown at a median rate of 35.49%
Is the promoter bullish about Bharat Dynamics?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Bharat Dynamics is 74.93% and last quarter promoter holding is 74.93%.
Are mutual funds buying/selling Bharat Dynamics?
The mutual fund holding of Bharat Dynamics is increasing. The current mutual fund holding in Bharat Dynamics is 4.98% while previous quarter holding is 4.74%.