Defence Stock jumps 2% after delivering India’s first wire-guided heavy weight torpedo

Synopsis: Bharat Dynamics Limited produced India’s first indigenous wire-guided heavy torpedo, boosting defence self-reliance, strengthening the Indian Navy, and showcasing advanced local technology and strong industry collaboration.

This Mid-cap Defence Stock, engaged in manufacturing missiles, torpedoes, and defence systems, supporting India’s armed forces with indigenous, advanced, and reliable weapon technologies and solutions, jumped 1.51 percent after delivering India’s first wire-guided heavyweight torpedo.

With a market capitalization of Rs. 51,318.75 crores, the share of Bharat Dynamics Limited has reached an intraday high of Rs. 1,421 per equity share, rising nearly 1.51 percent from its previous day’s close price of Rs. 1,399.85. Since then, the stock has retreated and is currently trading at Rs. 1,400 per equity share. 

What is the News?

Bharat Dynamics Limited has achieved an important milestone by successfully producing India’s first indigenous Wire Guided Heavy Weight Torpedo. The torpedo was delivered to the Naval Science and Technological Laboratory at its Visakhapatnam unit. This achievement marks a big step forward in strengthening India’s defence manufacturing capabilities and reducing dependence on imports.

The torpedo has been developed in both practice and combat versions, making it suitable for real operations as well as training. It includes advanced features like modern homing systems, strong propulsion, and smart search and attack capabilities. These features will help improve the performance and strength of the Indian Navy in underwater warfare.

This success is the result of strong teamwork between BDL, NSTL, and other industry partners, including MSMEs. It supports the government’s Aatmanirbhar Bharat mission by promoting local defence production. Overall, this development shows India’s growing strength in advanced naval technology.

Order Book:

Bharat Dynamics Limited has seen its order book grow from about Rs. 22,814 crore in March 2025 to around Rs. 26,000 crore by December 2025. The company is also expected to receive new orders worth nearly Rs. 20,000 crore over the next three years, which will support steady growth and strong execution. This keeps its order book much higher than its annual revenue.

Bharat Dynamics Limited also has a strong vendor network and supports them with tools and technology. Because of this, the company has been able to make around 90 percent of its major missiles within India, reducing dependence on imports.

Company Overview:

Bharat Dynamics Limited (BDL) was founded in 1970 and is a Government of India-owned defence public sector undertaking (PSU) under the Ministry of Defence. It specializes in manufacturing guided missiles, underwater weapons, and related defence systems. BDL plays a vital role in India’s indigenous defence production and strategic deterrence capabilities.

Recent Quarter Results:

Coming to financial highlights, Bharat Dynamics Limited’s revenue has decreased from Rs. 832 crore in Q3 FY25 to Rs. 567 crore in Q3 FY26, which is a drop of 31.85 percent. The net profit has also decreased by 50.34 percent from Rs. 147 crore in Q3 FY25 to Rs. 73 crore in Q3 FY26.

Bharat Dynamics Limited’s revenue and net profit have grown at a CAGR of 5.89 percent and 3.23 percent, respectively, over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 19.7 percent and 14.4 percent, respectively. Bharat Dynamics Limited has an earnings per share (EPS) of Rs. 15.8, and is a debt free company.

Written By – Nikhil Naik

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