With an eye on outcome of the upcoming LS elections on 23 May 2019, we believe PSU stocks in industries like defense and railways would stand to be big winners if the incumbent government returns to power. In a scenario where the incumbent government loses, these businesses would underperform, however current trough valuations would restrict any major decline in the stocks of these companies. Upon analyzing the deeply undervalued PSU stocks from defense & railway industries, we identify Bharat Dynamics as a clear outlier. With the company beating all other PSUs on most parameters, we believe the stock presents a good entry opportunity...

Bharat Dynamics Ltd (BDL) is the leading defence PSUs with over four decades of experience in manufacturing Surface to Air missiles (SAMs), Anti-tank guided missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. Additionally, BDL is engaged in the business of refurbishment & life extension of missiles manufactured and is also a sole supplier of SAMs & ATGMs to Indian armed forces. The company currently has three manufacturing facilities located in Hyderabad, Bhanur and Vishakhapatnam. Over the last five years, BDL has delivered consistent growth...

The objects of the Offer are:


To carry out the disinvestment of Equity Shares by the Selling Shareholder.
To achieve the benefits of listing the Equity Shares on the Stock Exchanges.


Company’s two additional manufacturing facilities which is in process of setting up at Ibrahimpatnam (near Hyderabad) and Amravati in Maharashtra which shall be used to manufacture SAMs and Very Short Range Air Defence Missiles (VSHORADMs) respectively , expected to be operational by FY2021 & its current order book as of January 31, 2018, at ?10,543cr with additional capital expenditure that the company would incur next year combined with the advantage that it has being the sole manufacturer for SAMs, torpedoes, ATGMs and also the sole supplier of SAMs and ATGMs to the Indian armed forces, with a CAGR growth of around 30% attracts the company.

Moreover, taking into consideration, the current market opportunities in defense and Government of India’s initiative, ‘Make in India’ aims to boost the nation’s domestic manufacturing sector as well as to create market by targeting international market. Considering all these factors, we recommend to SUBSCRIBE the IPO

Founded in 1970, Bharat Dynamics Ltd (BDL) has over four decades of experience in manufacturing missiles and countermeasures. BDL is a wholly owned GoI company under the administrative control of MoD, GoI and has been conferred the Mini-ratna (Category-1)' status by GoI. BDL is the sole supplier of SAMs (Surface to Air missiles) and ATGMs (Anti-Tank Guided Missiles) to the Indian armed forces. BDL has a robust order book of Rs. 10,543 Cr as on Jan 2018 (2.2x FY17 Sales) and has demonstrated strong execution skills by increasing its sales from Rs....

IPO NOTE

Modern facilities and infrastructure to deliver quality products in a timely manner: *A discount of Rs 10 per equity share on offer price is offered to retail and employees The Company believes that the infrastructure at its manufacturing facilities combined with its vast expertise enable the company to cater to the needs of the Indian armed forces in a timely manner. Its manufacturing facilities are equipped with robotic welding machines, fits...

IPO Note - Bharat Dynamics Limited (BDL) Issue Open: Mar 13 - Mar 15, 2018, Price Band: Rs 413 - 428 (A discount of Rs 10 per eq sh offered to retail and employees.), Issue Size: 22,451,953 Equity Shares, (Entirely Offer for sale including Employee reservation of 458,203 eq sh), Offer Size: Rs927.27cr - 960.94cr *

Bharat Dynamics Ltd. (BDL) is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air Missiles (SAM), Anti-Tank Guided Missiles (ATGM), underwater weapons, launchers, countermeasures and test equipment....

Bharat Dynamics Ltd. (BDL), incorporated in 1970 is Hyderabad based whollyowned Government of India (GoI) Company under the administrative control of the Ministry of Defence (MoD). It's a Miniratna Company (Category I) engaged in manufacturing of defence equipments. BDL manufacturers Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers,...

Bharat Dynamic Limited (BDL) was founded in 1970 and has over four decades of experience in manufacturing missiles and countermeasures and its allied equipments. It is one of the leading Defence Public Sector Undertaking (DPSUs) in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. It is sole manufacturer in India for SAMs, torpedoes, ATGMs and also the sole supplier of SAMs and ATGMs to the Indian armed forces (Source: F&S; Report). Additionally, it is also engaged in the business of refurbishment and life extension of missiles manufactured. BDL is also the co development partner with the DRDO for the next generation of ATGMs and SAMs. It is Hyderabadheadquartered company and has three manufacturing facilities located in Hyderabad, Bhanur and Visakhapatnam. The company was conferred the 'Mini-ratna (Category -1)' status by the Department...

Bharat Dynamics (BDL) is a defence public sector unit (DPSU) engaged in manufacturing guided missile systems. The company has a product portfolio consisting of surface to air missiles (SAMs), anti-tank guided missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. BDL also undertakes life-extension and refurbishment of missile systems. Currently, it is the sole supplier of SAMs and ATGMs to the Indian armed forces. The Hyderabad-headquartered company has three manufacturing facilities in Hyderabad, Bhanur and Visakhapatnam. It...

Incorporated in 1970, Bharat Dynamics Limited (BDL), a Government of India (GOI) Enterprise under the Ministry of Defense (MOD) was established in Hyderabad to be a manufacturing base for guided missiles and allied defense equipment. BDL, a Miniratna Category-I Public Sector Unit (PSU), is amongst the few industries in the world having ca..

Bharat Dynamics Ltd. (BDL) is a wholly-owned Government of India (GoI) company headquartered in Hyderabad and under the administrative control of Ministry of Defence (MoD). It was conferred Mini-Ratna (category-1) status by GoI's Department of Public Enterprises. Founded in 1970, the company has over four decades of experience in manufacturing missiles and countermeasures and its allied equipments. The company is engaged in the manufacture of Surface-to-Air Missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipments. It is the sole manufacturer for SAMs, torpedoes, ATGMs and sole supplier of SAMs and ATGMs to the Indian armed forces in India. Additionally, it is engaged in the business of refurbishment and life extension of manufactured missiles. BDL is also the codevelopment partner with the DRDO for the next generation of ATGMs and SAMs....