BDL

Company Overview Sector: Defence (Aerospace & Missiles) Ownership: Government of India (PSU) Core Business: Manufacturing of: Surface-to-air & air-to-air missiles Anti-tank guided missiles Torpedoes & launch systems Key client: Indian Armed Forces Strong beneficiary of: “Make in India” defence push Rising defence exports ➡️ BDL is a strategic defence monopoly-type player with high entry barriers. Fundamental Analysis 1. Key Metrics (Latest Approx.) Market Cap: ₹45,000–48,000 Cr P/E Ratio: 78–80 (Expensive) P/B Ratio: 10–11 (Highly valued) ROE: 14% ROCE: 19% Dividend Yield: 0.3–0.4% 👉 Conclusion: Strong business But valuation is stretched