The company was incorporated on July 16, 1970 as “Bharat Dynamics Private Limited” with the Registrar of Companies, Hyderabad under the Companies Act, 1956. The Board of Directors in their meeting held on October 07, 1970 passed a resolution for deleting the word ‘private’ from the name of Company and the name of Company was changed to “Bharat Dynamics Limited” pursuant to an amendment to the certificate of incorporation issued by the Registrar of Companies, Hyderabad. The Company became a deemed public limited company under Section 43A of the Companies Act, 1956 with effect from July 01, 1975. Subsequent to the abolition of Section 43A of the Companies Act, 1956, with effect from December 13, 2000, the Company again became a private limited company. Further, the Company was converted to a public limited company and a fresh certificate of incorporation pursuant to conversion from private to public was issued by the RoC on October 27, 2017.

Bharat Dynamics Limited (BDL), a Government of India Enterprise under the Ministry of Defence was established in Hyderabad in the year 1970 to be a manufacturing base for guided missiles and allied defence equipment. Nurtured by a pool of talented engineers drawn from DRDO and aerospace industries, BDL began its journey by producing the 1st Generation Anti -Tank Guided Missile (ATGM) - the French SS11B1.  This product was a culmination of a Licence Agreement the Government of India entered into with Aerospatiale, French Republic.


BDL has three manufacturing units, located at Kanchanbagh, Hyderabad, T.S., Bhanur, Sangareddy district, T.S. and Visakhapatnam, A.P. Two New Units are planned at Ibrahimpatnam, Ranga Reddy district, T.S. and Amravathi, Maharashtra.

On successful completion of the SS11B1 project, BDL embarked on production of 2nd generation ATGMs - the French MILAN - 2 and Russian Konkurs.  These projects were taken up under licence production with technical collaboration from M/s. Euromissile, France and M/s. KBP, Tula, Russia respectively.  These products covered a broad spectrum of the requirements of the Indian Army’s infantry and mechanized infantry forces.  The productionization process at BDL with a phase-wise transfer-of-technology, laying emphasis on indigenization, has enabled its engineers to gain deep insight into the design concepts and system engineering of ATGMs.

The lead taken by the Nation to develop indigenous, sophisticated and contemporary missiles through the Integrated Guided Missile Development Programme (IGMDP), gave BDL an opportunity to be closely involved in the programme, wherein it was identified as the Prime Production Agency.  This opened up a plethora of opportunities to assimilate advanced manufacturing and programme management technologies and skills.  BDL rose to the needs of the Concurrent Engineering Approach adopted by DRDO in IGMDP, to become an important and competent partner in these projects.

Business area of the company

BDL is one of the leading defence PSUs in India engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), underwater weapons, launchers, countermeasures and test equipment. Conferred with the Mini-ratna (Category -1). BDL is the sole manufacturer in India for SAMs, torpedoes, ATGMs. BDL is also the sole supplier of SAMs and ATGMs to the Indian armed forces. The company is also engaged in the business of refurbishment and life extension of stored and deployed missiles. The company is also the co-development partner with the DRDO for the next generation of ATGMs and SAMs.

Bharat Dynamics Ltd.

Paras Defence And Space Technologies Ltd.

Market Cap	17,670 Cr		EPS	32.4		High	978.85
Stock P/E	29.8		Net Profit Margin	NA		Low	961.35

Market Cap	17,670 Cr	ROE	17.6%
P/E Ratio(TTM)	29.8	EPS(TTM)	NA
P/B Ratio	5.7	Dividend Yield	0.9%
Industry P/E	34.5	Book Value	169.6
		Face Value	10.0