Defence Multibagger Bharat Dynamics Rose 1613% Over Five Years — Should You Buy, Sell, Or Hold?
As defence stocks continue to dominate the limelight, shares of multibagger Bharat Dynamics Ltd. are in focus.
The defence public sector undertaking has posted a whopping 1613% return over the last five years, and has advanced nearly 77% year-to-date.
Since the Pahalgam attack on April 22 and the ensuing Operation Sindoor, shares have surged 38%.
The missile system manufacturer, in its March quarter results, noted a 6% fall in the net profit, and saw its margins narrow. Revenue from operations more than doubled year-on-year to Rs 1,800.54 crore. The company had declared a dividend of Rs 0.65 per share for the fiscal ended March 2025.
Earlier, the state-run defence manufacturer had disclosed that its order book as of September 2024 stood at Rs 18,852 crore. In addition, the company had noted that it has an order pipeline of Rs 20,000 crore that it expects to receive in the next two-three years.
Analyst Sentiment: Largely Bullish
Of the 10 analysts tracking Bharat Dynamics, five recommend a 'buy', four have 'hold', and only Equirus Securities maintains a 'sell' recommendation.
Nuvama Institutional Equities is bullish on the stock, baking in a 60% revenue CAGR over the next two fiscals along with 22–23% operating profit margins. The brokerage factored in benefits of backward integration and easing of supply-crunched critical imports (chips and warheads), which had plagued execution so far. Nuvama has the highest target price on the stock at Rs 2,250 per share.
Other brokerages which have a buy rating on the company include Mirae Asset Securities, ICICI Securities, Antique Stock Broking and Elara Capital. Elara Capital sees Bharat Dynamics as a potential beneficiary as the EU defence original equipment manufacturers turn to public and private firms to procure components and subsystems.
Bharat Dynamics Share Price Today
The shares of Bharat Dynamics on Thursday snapped decline to rise as much as 1.82%. The stock pared gains to close 1.26% higher at Rs 1,972 apiece.
It has risen 74.52% in the last 12 months. The relative strength index was at 68.88.
The analysts' consensus 12-month price target tracked by Bloomberg was Rs 1,761, implying a potential downside of 9.9% from the last regular trading price.
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