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BDL Share Price Target
Bharat Dynamics Ltd.
Sector: Engineering
Sector: Engineering
BDL Share Price *
281.45 -4.2 (-1.47%)
* (quote may be delayed)
BDL Share Price Forecast - Consensus
| No. of reports in last year | 1 |
| No. of analysts | 1 |
| Average Consensus Forecast | 343.00 |
| Consensus Potential | 16.72% |
BDL Share Price Target - Broker Reports - 2019
Nirmal Bang
21-May-19
Price @ Call: 294
Target: 343
BUY
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 with a favorable risk-reward ratio considering the company’s cheap valuations at 7.8xFY19E P/E and 4.7x FY19E EV/EBITDA on one hand and superior proven track record of growth, ROE, free cash flow generation on the other. We value the company at 10.3x FY19E EPS in line with the PSU defense and railway basket & arrive at a TP of Rs. 343 for the stock.