Shares of one of India’s leading defence PSUs, known for manufacturing guided missiles and allied defence equipments, surged nearly 4.3 percent to hit a new all-time high on BSE, after reports on securing an order valued between Rs. 2,000-3,000 crores from the Ministry of Defence.
With a market cap of Rs. 71,406.4 crores, the shares of Bharat Dynamics Limited surged 4.3 percent to hit a new 52-week high at Rs. 1,991 on BSE, as compared to its previous closing price of Rs. 1,908.7. The stock has delivered positive returns of nearly 26 percent in one year, and has gained by over 30 percent in the last one month.
What’s the News
The Ministry of Defence is in the final stages of preparing a procurement order for 500 Invar anti-tank guided missiles (ATGMs) from Bharat Dynamics Limited (BDL). According to sources, the estimated cost of the deal ranges between Rs. 2,000 crore and Rs. 3,000 crore. This acquisition is aimed at enhancing India’s armoured warfare capabilities by equipping its T-90 main battle tanks with state-of-the-art missile systems.
The Invar missile system, specifically designed for launch from tank platforms, is known for its high accuracy and precision-strike capabilities. These missiles are a key component of India’s frontline T-90 tanks. The Defence Ministry is currently finalising the purchase order with BDL, with the overall expenditure undergoing financial scrutiny to establish the final cost and determine the level of administrative clearance required.
According to sources, procurement deals valued up to Rs. 2,000 crore fall under the direct approval authority of the Defence Minister. Contracts nearing Rs. 3,000 crore require the Finance Minister’s approval, while deals exceeding that threshold must be cleared by the Cabinet.
The proposed missile order from BDL aligns with the government’s broader push to promote indigenous defence manufacturing under the Make in India initiative. Earlier this month, the Defence Acquisition Council (DAC) approved ~Rs. 40,000 crores under the emergency powers for the procurement of critical arms and ammunition for the armed forces.
Bharat Dynamics Limited, a key player in India’s defence sector, is instrumental in manufacturing advanced missile systems for the armed forces, thereby reinforcing national self-reliance in strategic weaponry.
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Financials & Order Book
Bharat Dynamics reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 38 percent, rising from Rs. 602 crores in Q3 FY24 to Rs. 832 crores in Q3 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 135 crores to Rs. 147 crores, representing a marginal growth of around 9 percent YoY. In FY25, BDL secured orders worth Rs. 6,668 crores, and the order book position (Provisional & Unaudited) of the company as on 1st April 2025 is around Rs. 22,700 crores.
Written by Shivani Singh
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