Main industries: Defense and Aerospace
Top 3 markets: India, Middle East, Southeast Asia

Revenue shares by markets:
India: approx. 70%
Middle East: approx. 15%
Southeast Asia: approx. 10%

Bharat Dynamics Limited (BDL) is mainly active in the defense and aerospace sector. The company produces and supplies missiles and other defense systems, primarily sold to the Indian government. Therefore, the majority of revenues come from the Indian market.

In addition, in recent years BDL has intensified its export activities, especially in the Middle East and Southeast Asia. These markets are increasingly contributing to revenues as the demand for defense technologies in these regions is growing.

Production sites of Bharat Dynamics Limited:

1. Hyderabad, Telangana
2. Bhanur, Telangana
3. Visakhapatnam, Andhra Pradesh

Bharat Dynamics Limited (BDL) is an Indian defense company that mainly manufactures missiles and other defense products. The main production facilities are located in Hyderabad and Bhanur in the state of Telangana, as well as in Visakhapatnam in Andhra Pradesh. These locations are strategically chosen to efficiently support the production and development of defense technologies.

Revenue Growth: 18.5% (2024)
Profit Growth: 14.2% (2024)

Bharat Dynamics Limited (BDL) pursues a strategy focusing on diversifying its product portfolio and tapping into new markets. The company plans to expand its production capacities to meet the increasing demand for defense products.

An essential part of the growth strategy is enhanced collaboration with international partners to access advanced technology and enhance competitiveness. Additionally, BDL is investing in research and development to develop innovative solutions for the defense sector.

BDL is also aiming to tap into new export markets, particularly in Asia and Africa, to strengthen its international presence. These measures are intended to enable the company to increase its market share and grow profitably in the long term.

Main Imported Raw Materials/Components: Advanced electronic components, special metals, fuel components

Main Import Countries: USA, Russia, Israel

Bharat Dynamics Limited (BDL) is an Indian company specializing in the manufacturing of missile systems and defense equipment. For the production of these complex systems, BDL imports various specialized materials and components. These include advanced electronic components essential for the control and navigation of missile systems, as well as special metals and alloys required for the manufacturing of missile casings and other critical parts.

The USA and Israel are important suppliers of electronic components and advanced technologies, while Russia often serves as a source for special metals and rocket propellants. These international partnerships are crucial to meet the high technical requirements of BDL's defense products.

Market Share: 35% (estimated, 2025)
R&D Expenses: 10% of revenue (2024)
Export Share: 20% of total revenue (2024)

Bharat Dynamics Limited (BDL) has a significant competitive advantage due to its strong market position in the defense production sector in India. With an estimated market share of 35%, BDL is one of the leading providers of guided missiles and other defense systems.

The company consistently invests in research and development, with approximately 10% of revenue allocated to R&D. This enables BDL to develop innovative products and stay technologically ahead.

Another advantage is the growing export share, currently accounting for 20% of total revenue. By tapping into international markets, BDL can reduce its dependence on the Indian market and explore additional sources of revenue.

Overall, BDL benefits from strong government support, a solid technological foundation, and an increasing international presence, further enhancing its competitive position.

Institutional Investor Share: approx. 35% (2025, estimated) Insider Buys/Sells: No significant transactions in the last 12 months (2025, estimated)

Bharat Dynamics Limited has a significant share of institutional investors, indicating confidence in the company's long-term growth prospects. The institutional investor share is around 35%, which can be considered stable compared to other companies in the industry.

Regarding insider transactions, there have been no significant buys or sells in the last 12 months. This could suggest that insiders have confidence in the current company strategy and see no need to sell or increase their holdings.

Market share of Bharat Dynamics Limited (BDL): Estimated at around 15% in the Indian defense sector (2025)

Major competitors and their market share:

1. Hindustan Aeronautics Limited (HAL): around 25%
2. Bharat Electronics Limited (BEL): around 20%
3. Mazagon Dock Shipbuilders Limited: around 10%
4. Cochin Shipyard Limited: around 8%
5. Garden Reach Shipbuilders & Engineers (GRSE): around 7%

Moat of Bharat Dynamics Limited:

Bharat Dynamics Limited (BDL) has a significant moat, mainly attributed to its specialization in the manufacturing of missiles and defense systems. The company benefits from long-term contracts with the Indian government, providing a stable source of income. Additionally, BDL has a competitive advantage through its technological expertise and continuous investment in research and development.

In comparison to competitors, Hindustan Aeronautics Limited (HAL) has a stronger moat due to its wider product range and larger international presence. Bharat Electronics Limited (BEL) is also well-positioned through its diversification in various defense and electronics products.

Overall, BDL has a solid moat, but competitors could have a long-term advantage due to their broader diversification and international expansion.

Revenue Growth: 18% (2024) Profit Growth: 20% (2024) Order Backlog: 25% Increase (2024)

Bharat Dynamics Limited (BDL) recorded strong revenue growth of 18% in 2024, attributed to increased demand for defense products and successful order fulfillment. The 20% profit growth indicates that the company is operating efficiently and managing its costs well.

Another positive factor is the 25% increase in the order backlog. This suggests that BDL will have a solid revenue base in the coming years as existing and new orders are secured.

In summary, BDL's financial performance shows a positive trend supported by a growing market and a strong order position. This makes the stock a potentially attractive investment, especially for investors looking for long-term growth in the defense sector.

Dividend Yield: 3.5% (2025, estimated)
Dividend History: Regular payouts over the last 5 years

Bharat Dynamics Limited (BDL) has regularly distributed dividends to its shareholders in recent years. The estimated dividend yield for the year 2025 is around 3.5%. This indicates an attractive payout policy, especially compared to other companies in the industry.

The reliability of BDL's dividend payments is strengthened by its stable financial performance and the support of the Indian government as a significant shareholder. Over the past five years, the company has consistently paid its dividend, indicating a solid financial foundation and a sustainable business model.