- 16 Feb 2023
- ICICIdirect Research
BHARAT DYNAMICS LAUNCHES THREE NEW MISSILES
BDL - 1543 Change: 10.80 (0.71 %)News: During Aero India 2023, Bharat Dynamics (BDL) launched the three new products; Vertical Launched Short-Range Surface to Air Missile (VLSRSAM), Semi-Active Laser Seeker Anti-Tank Guided Missile (SALS ATGM) for BMP-II and Drone Delivered Missile (JISHNU). VLSRSAM is a next-generation, ship-based, all-weather, air defence weapon, which can be used by the Navy as a quick reaction point defence against supersonic sea skimming targets like aircraft and UAVs. SALS ATGM is a subsonic missile with a range of 4,000 metres and flight time of 25 seconds and will be used to target moving and stationary tanks and Infantry Combat Vehicles. JISHNU is a light weight drone delivered missile with range of 1.5 km with a flight time of nine seconds
Views: VLSRSAM, which was already under development by DRDO with BDL as production partner, is expected to provide significant orders to BDL in future. These new missiles and other under development are expected to drive orders flow for BDL in the longer term. The current order book of Rs 11906 crore (3.8x TTM revenues) already gives strong visibility. On the exports front also, we believe there is a huge opportunity for many Indian developed & manufactured missiles due to strong product capabilities with lower cost on high indigenisation levels
Impact: Positive