Bharat Dynamics
Market cap ₹37,298 Cr
- P/E
- 71.60
- Day range
- ₹1,000.00 – ₹1,054.00
- 52-week range
- ₹1,000.00 – ₹1,633.40
- Volume
- 11.96 L
- Open
- ₹1,050.00
- Prev close
- ₹1,052.50
Latest results · Q1 FY27(standalone)Revenue ₹572 Cr+130.8%Profit ₹119 Cr+547.4%Margin 20.8%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
BDL in NSE indices and F&O
F&O margin for one lot of BDL (425 shares)Research profile
Composite 32 / 100Factor percentiles
Derived metrics
- Earn. yield
- 1.4%
- Graham no.
- ₹189.31
- vs Graham
- -81.4%
- ROE ÷ P/B
- 1.1%
- 12-1 mom.
- -21.5%
- Return / vol
- -0.83
- Magic Formula
- #523
- FCF yield
- 1.0%
Appears in 17 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 12 in Defence| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| Hindustan AeronauticsHAL | ₹3.16 L Cr | 33.90 | 7.94 | 24.0% | 32.0% | 28.0% | 0.00 | +14.4% |
| Bharat ElectronicsBEL | ₹2.65 L Cr | 43.10 | 11.10 | 27.6% | 36.0% | 25.0% | 0.00 | +24.9% |
| Bharat Heavy ElectricalsBHEL | ₹1.35 L Cr | 55.44 | 5.20 | 6.3% | 9.0% | 11.0% | 0.22 | +23.8% |
| Power Finance CorpPFC | ₹1.04 L Cr | 4.00 | 0.73 | 26.8% | 9.7% | — | 7.62 | -0.0% |
| Indian Railway FinanceIRFC | ₹97,295 Cr | 13.20 | 1.60 | 12.8% | 5.6% | — | 7.12 | +23.4% |
| REC LtdRECLTD | ₹77,404 Cr | 4.84 | 0.92 | 20.1% | 9.7% | — | 6.10 | -2.0% |
| Mazagon Dock ShipbuildersMAZDOCK | ₹75,029 Cr | 26.25 | 7.69 | 29.1% | 36.0% | 15.0% | 0.05 | +12.1% |
| Bharat DynamicsBDL | ₹37,298 Cr | 71.60 | 9.07 | 10.2% | 14.0% | 15.0% | 0.00 | +130.6% |
| Sector median | ₹76,217 Cr | 30.08 | 4.52 | 12.7% | 12.0% | 15.0% | 0.25 | +11.3% |
Sector as classified in the tracked universe; medians use every tracked Defence company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 7d agoHeadlines about Bharat Dynamics from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 71.6
- EPS (TTM)
- ₹14.21
- Price / Book
- 8.77
- ROE (FY26)
- 10.2%
- ROCE (latest year)
- 14%
- Dividend yield
- 0.48%
Moving averages (NSE)
- 20-day
- ₹1,095.77
- Price below
- 50-day
- ₹1,201.49
- Price below
- 200-day
- ₹1,295.61
- Price below
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- Public
- DII
- FII
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Dividends per share
₹ by fiscal year of the ex-date; the latest year runs to date. Not adjusted for the split of 24 May 2024: earlier bars are per pre-split share.
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 616 | 602 | 854 | 191 | 545 | 832 | 1,777 | 248 | 1,147 | 567 | 480 | 572 |
| Expenses | 482 | 483 | 538 | 243 | 446 | 705 | 1,478 | 293 | 960 | 541 | 425 | 489 |
| Operating Profit | 134 | 119 | 316 | -52 | 99 | 127 | 299 | -45 | 188 | 26 | 55 | 83 |
| OPM % | 22% | 20% | 37% | -27% | 18% | 15% | 17% | -18% | 16% | 4.6% | 12% | 15% |
| Other Income | 78 | 88 | 88 | 80 | 86 | 84 | 100 | 87 | 121 | 97 | 119 | 103 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 17 | 16 | 16 | 16 | 18 | 18 | 20 | 18 | 19 | 19 | 20 | 20 |
| Profit before tax | 194 | 189 | 388 | 11 | 166 | 193 | 378 | 23 | 288 | 103 | 154 | 166 |
| Tax % | 24% | 29% | 26% | 36% | 26% | 24% | 28% | 21% | 25% | 29% | 26% | 28% |
| Net Profit | 147 | 135 | 289 | 7 | 123 | 147 | 273 | 18 | 216 | 73 | 113 | 119 |
| EPS in Rs | ₹4.01 | ₹3.68 | ₹7.88 | ₹0.20 | ₹3.34 | ₹4.01 | ₹7.44 | ₹0.50 | ₹5.89 | ₹1.99 | ₹3.09 | ₹3.24 |
From company filings, updated 26 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
+1 days since Mar 2021
+764 days since Mar 2021
+524 days since Mar 2021
+242 days since Mar 2021
+95 days since Mar 2021
Strengths, risks & growth
Bharat Dynamics (BDL), is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments [1] [2] .
Strengths
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 35.1%
Risks
- Stock is trading at 8.79 times its book value
- The company has delivered a poor sales growth of 4.99% over past five years.
- Company has a low return on equity of 13.9% over last 3 years.
- Earnings include an other income of Rs.440 Cr.
Compounded Sales Growth
- 10 Years
- -5%
- 5 Years
- +5%
- 3 Years
- -1%
- TTM
- -19%
Compounded Profit Growth
- 10 Years
- -3%
- 5 Years
- +10%
- 3 Years
- +6%
- TTM
- -7%
Stock Price CAGR
- 10 Years
- —
- 5 Years
- +37%
- 3 Years
- +28%
- 1 Year
- -34%
Return on Equity
- 10 Years
- +17%
- 5 Years
- +14%
- 3 Years
- +14%
- Last Year
- +10%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 74.93% | 74.93% | 74.93% | 74.93% | 0.00 pp |
| FII | 2.29% | 2.02% | 1.69% | 1.76% | +0.07 pp |
| DII | 10.94% | 10.97% | 11.53% | 10.80% | -0.73 pp |
| Public | 11.83% | 12.10% | 11.85% | 12.52% | +0.67 pp |
Filed with NSE for Sept 2026: promoters 74.93%, public 25.07% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 5.85% (-0.57 pp)- Promoters74.9%
- Foreign institutions1.8%
- Mutual funds5.8%
- Insurance3.3%
- Other domestic institutions1.7%
- Retail10.8%
- Others1.7%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Defence Fund | 0.90% | 3.19% | -1.04 pp |
| Motilal Oswal Large & Midcap Fund | 0.85% | 1.75% | -0.70 pp |
| HDFC Balanced Advantage Fund | 0.57% | 0.23% | -0.04 pp |
| Invesco India Contra Fund | 0.44% | 0.93% | +0.93 pp |
| Motilal Oswal Nifty India Defence Index Fund | 0.34% | 2.54% | -0.66 pp |
Scorecard
- Performance
- Avg
- Valuation
- High
- Growth
- Low
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 38.2%
- Downside volatility
- 39.5%
- Worst 5% of days
- 3.7%
- Average of that tail
- 5.6%
- Max drawdown (1Y)
- 37.6%
- Below its peak
- 37.6%
Against the market
- Beta vs Nifty 50
- 1.41
- Correlation
- 0.49
- Relative strength (3M)
- -12.6%
- ATR (14)
- 3.3%
Return
- Return 1M
- -12.9%
- Return 3M
- -17.9%
- Return 6M
- -26.3%
- Return 1Y
- -31.7%
- vs 200-day average
- -21.5%
Momentum
- RSI (14) · oversold
- 29.2
- MACD histogram
- -0.95
- Stochastic %K
- 12.3
- ADX (14)
- 32.6
- +DI / −DI
- 13.5 / 40.8
- Money flow index
- 45.1
Participation
- Delivery (20d avg)
- 34.5%
- vs its 60-day baseline
- +1.5 pts
- Volume vs 20-day
- +0.9σ
- Close vs day's VWAP
- +0.1%
- 52-week position
- 0 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.
- Free cash flow
- ₹375 Cr
- FCF yield
- 1.0%
- Cash conversion
- 1.44
- Accruals ratio
- -0.013
- Net debt
- -₹863 Cr
- Net debt / equity
- -0.20
- EV / sales
- 13.17
- Capex intensity
- 9.4%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- dividendNot available — not reported in this filing
Dividend - Re 0.40 Per Share
21 Sept 2026ex-date - dividend₹4.50
Interim Dividend - Rs 4.50 Per Share
9 Feb 2026ex-date - dividendNot available — not reported in this filing
Dividend - Re 0.65 Per Share
19 Sept 2025ex-date - dividend₹4.00
Interim Dividend - Rs 4 Per Share
14 Feb 2025ex-date - dividend₹0.85
Annual General Meeting/Dividend - Rs 0.85 Per Share
23 Sept 2024ex-date - splitNot available — not reported in this filing
Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share
24 May 2024ex-date - dividend₹8.85
Interim Dividend - Rs 8.85 Per Share
2 Apr 2024ex-date - dividend₹1.20
Annual General Meeting/Dividend - Rs 1.20 Per Share
20 Sept 2023ex-date - dividend₹8.15
Interim Dividend - Rs 8.15 Per Share
20 Feb 2023ex-date - dividendNot available — not reported in this filing
Annual General Meeting/Dividend - Re 1 Per Share
16 Sept 2022ex-date - dividend₹7.30
Interim Dividend - Rs 7.30 Per Share
23 Feb 2022ex-date - dividend₹0.65
Annual General Meeting/Dividend - Rs 0.65 Per Share
17 Sept 2021ex-date - dividend₹6.70
Interim Dividend - Rs 6.70 Per Share
18 Mar 2021ex-date - dividend₹2.55
Annual General Meeting/Dividend - Rs 2.55 Per Share
18 Sept 2020ex-date - dividend₹6.25
Interim Dividend - Rs 6.25 Per Share
24 Feb 2020ex-date - dividend₹1.67
Annual General Meeting/Dividend - Rs 1.67
19 Sept 2019ex-date - dividend₹5.25
Interim Dividend - Rs 5.25 Per Share
26 Mar 2019ex-date - dividend₹7.29
Annual General Meeting/Dividend Rs 7.29 Per Share
18 Sept 2018ex-date
Company announcements
Receipt of DIN of Dr. Jagannath Nayak.
Receipt of Order for Heavyweight Torpedoes
Certificate Under Regulation 74(5) of SEBI (DP) Regulation 2018 for the quarter ended September 2026.
Appointment of Dr. Jagannath Nayak DG(MSS) as a Government nominee director.
56th AGM Scrutinizer report
Trading Window Closure for the quarter ended 30th September 2026 With effect from 1st October 2026.
Proceeding of 56th AGM
Receipt of order for SAT- SAAW by IAF
Appointment of Shri Prakash Rajpurohit as Government Nominee Director w.e.f 17.09.2026
Appointment of the Statutory Auditor for the FY 2026-27.
Newspaper Advertisement for AGM 2025-26
BRSR for the FY 2025-26
Record for Final Dividend 2025-26 is 21 September 2026.
BDL Annual Report 2025-26 and 56th AGM Notice
Cessation of Shri L Kishan and Smt. Yalamanchili Ushasri With effect from 01-09-2026.
Filed with BSE (scrip 541143); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Credit ratings
- Rating update · 17 Feb from crisil
- Rating update · 19 Nov 2024 from crisil
- Rating update · 25 Aug 2023 from crisil
- Rating update · 7 Jun 2022 from crisil
- Rating update · 31 Mar 2022 from crisil
- Rating update · 27 Jan 2021 from crisil
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 14 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
Bharat Dynamics: common questions
Answered from the figures on this page.
