Mazagon Dock vs Bharat Dynamics vs Bel: Which PSU Defense Stock to Buy after Q4 Results 2025?

Indian defence stocks have recently drawn investor interest amid escalating tensions between India and Pakistan, coupled with the government’s continued push towards indigenisation in defence manufacturing. Shares of Defense PSUS (Public Sector undertakings) Shipbuilders & Engineers, And Cochin Shipyards have recently witnessed robust momentum.

Among these, BEL, BDL, and Mazagon Dock Shipbuilders have recently Announced their Q4Fy25 Results. Here is a comparative analysis of their performance and insights into which defense stock to buy after Q4 Results 2025.

Bharat Electronics Q4 Results 2025

Bharat Electronics Ltd (BEL) Reported a Net Profit of 2,105 Crore for Q4FY25, Marking an 18% Increase from 1,784 Crore in the corresponding Quarter of the Previous Year. The defense company’s revionue from core operations rose 7% yoy to 9,119.7 Crore.

As of April 1, 2025, Bel’s Order Book Stood at a Robust 71,650 Crore. The board recommended a final dividend of 0.90 per equity share of face value 1 Each.

Bharat Dynamics Q4 Results 2025

Bharat Dynamics Posted A 5.54% Yoy Decline in ₹ 272.77 Crore “> Net Profit to 272.77 Crore for Q4FY25. However, its total revenue from operations more than doubled, rising to 1,776.98 Crore from 854.12 Crore a year earlier. The defense psu’s board recommended a final dividend of 0.65 per equity share of 5 Each.

Mazagon Dock Shipbuilders Q4 Results 2025

Mazagon Dock Shipbuilders Reported A Sharp 51% Yoy Decline in Net Profit to 325.3 Crore for Q4FY25. Revenue from operations rose modestly by 2.3% yoy to 3,174.4 Crore. The Board Declared a Final Dividend of 2.71 per equity share of 5 Each.

Fundamental View: Why Defense Stock Looks Attractive Post Q4 Results?

Among the three, Bharat Electronics (BEL) has emerged as the Strongest Contender Based on Q4 Results, According to Sema Srivastava, Senior Research Analyst at Smc Global Securities.

Bel’s strength is underpinned by a healthy order book, particularly in radar and electronic warfare systems. In contrast, BDL’s Profitability Declined, and MDL Saw a Sharp Drop in Net Profit.

“Bel stands out as a stable investment options due to its consistent earnings, large order pipeline, and diversified portfolio,” Srivastava Noted.

She added that while bharat dynamics and mazagon dock benefit from their strategic role in India’s defense ecosystem, short-term market sensient remains related.

“For investors focused on long-term growth in India’s defense sector, bel appears to be the most attractive definition Dock’s Volativity and BDL’s Recovery Potential, AS BOTH Companies have their strengths and weaknesses, ”Srivastava said.

Technical Analysis: Mazagon Dock vs Bharat Dynamics vs Bel

From a technical percective, Bharat Electronics Currently Exhibits The Most Promising Setup, Said Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi.

“On the weekly chart, bel share price is forming a bulish flag pattern, which typical signs Above the 1.28 Fibonacci retracement level from their March low, which lies at 370 – Now acting as a key support zone. Bharat Electronics Share Price is Currently Trading Around 385, offering an attractive risk-Reward Ratio, “Dongre explained.

Bharat Dynamics Share Price is Currently in a Consolidation Phase, Oscillating Between 1,800 and 2,030. The stock is yet to break Above The 1.28 Fibonacci retracement level from its March low. Dongre Advised Waiting for a Breakout Above This Range for a Clearer Directional Signal.

Mazagon Dock Share Price Has Alredy Approached The 1.618 Fibonacci Extension Level from its March low, effectively meeting its projectioned technical targets. “With the stock Neering its extended resistance zone, the immediability upside appears limited.

Conclusion: Bel Stands Out

Both on Fundamental and Technical Grounds, Bharat Electronics Emerges as the Strongest Defense Stock Pick Among Mazagon Dock Shipbuilders and Bharat Dynamics Post -Q4 Results 2025.

“Between Mazagon Dock, Bharat Dynamics, and Bel, Bel Clearly Stands Out With Its Bully Pattern, SUPPPORT Above A Key Fibonacci Level, and Breakout Confirmation. Technically Robust Opportunity, Bel is a favorite pick in the 385 – 390 range, with a target of 420 – 440 and a stop-live 370, “Dongre said.

Backed by Robust Financial Performance, A Strong Order Book, Favourable Technical Structure, And Strategic Relevance, Bel offers a Balanced Propostion for Both Long Long Long-TERM Investors and Short-Resourm Traders.

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