Bharat Dynamics

    BDL
    Defence
    ₹1190.00
    price as of 11/9/2026, 5:28:13 pm

    Market cap ₹43,621 Cr

    P/E
    83.68
    Day range
    ₹1,165.00 – ₹1,192.00
    52-week range
    ₹1,086.00 – ₹1,654.00
    Volume
    9.74 L
    Open
    ₹1,185.00
    Prev close
    ₹1,195.00
    52-week range, adjusted for splits and bonuses
    ₹1,086₹1,654
    30 Mar 202622 Sept 2025
    Index membership & F&O
    NIFTY 200NIFTY 500NIFTY MIDCAP 150F&O lot 425

    Price history

    6M change -12.50%RSI (14) 29.9 OversoldSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 33.3% today vs 29.7% average · BSE close ₹1,190.5

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹1,050₹1,155₹1,260₹1,365₹1,4700%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Futures & options

    NSE F&O close, 11 Sept 2026 · options expiring 29 Sept 2026

    Short build-up
    Near-month future
    ₹1,178.2
    Change
    -0.50%
    Basis over spot
    −₹11.82
    Futures OI (shares)
    79.0 L
    OI change
    +1.57%
    Put-call ratio
    0.45
    Max pain
    ₹1,260
    Resistance (call OI)
    ₹1,400
    Support (put OI)
    ₹1,200
    Lot size
    425

    Open interest by strike

    Calls open above (resistance) and puts below (support), in shares

    1000108011201160120012401280132013601400144014801520160006.0 L12.0 L18.0 L24.0 Lspot
    • Call OI
    • Put OI

    Futures open interest and price

    Near-month future, day by day since collection began

    The daily history builds from each close.

    Key metrics

    P/E (TTM)
    96.3
    EPS (TTM)
    ₹14.21
    Price / Book
    10.53
    ROE (FY26)
    10.2%
    ROCE (latest year)
    14%
    Dividend yield
    0.40%
    Net margin (TTM)
    18.8%
    Current ratio
    2.01
    Debt / Equity
    0.00
    Revenue growth (5y)
    4.9%
    EPS growth (5y)
    10.3%

    Moving averages (NSE)

    Simple moving averages of the NSE price, and where the last price sits against each
    5-day10-day20-day50-day100-day300-day
    ₹1,250.12Price below₹1,279.32Price below₹1,321.63Price below₹1,305.99Price below₹1,314.07Price below₹1,350.53Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    -0.6%
    Profit 3Y CAGR
    +6.1%
    Revenue YoY (Jun 2026)
    +130.6%
    Profit YoY (Jun 2026)
    +561.1%
    Operating margin
    15.0%
    Net margin
    20.8%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr450 Cr900 Cr1.4K Cr1.8K Cr-40%-20%0%20%40%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • Public
    • DII
    • FII

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2.2K Cr-1.1K Cr0 Cr1.1K Cr2.2K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%7%14%21%28%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr1.5K Cr3.0K Cr4.5K Cr6.0K Cr0.0x0.0x0.0x0.0x0.0x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales6166028541915458321,7772481,147567480572
    Expenses4824835382434467051,478293960541425489
    Operating Profit134119316-5299127299-45188265583
    OPM %22%20%37%-27%18%15%17%-18%16%4.6%12%15%
    Other Income7888888086841008712197119103
    Interest111111111111
    Depreciation171616161818201819192020
    Profit before tax1941893881116619337823288103154166
    Tax %24%29%26%36%26%24%28%21%25%29%26%28%
    Net Profit14713528971231472731821673113119
    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 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    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 10.3 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
    +43%
    3 Years
    +30%
    1 Year
    -20%

    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

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter74.93%74.93%74.93%74.93%0.00 pp
    FII2.43%2.29%2.02%1.69%-0.33 pp
    DII11.30%10.94%10.97%11.53%+0.56 pp
    Public11.34%11.83%12.10%11.85%-0.25 pp

    Filed with NSE for Jun 2026: promoters 74.93%, public 25.07% · XBRL filing

    Analysts & fund holdings

    50%
    50% recommend buy
    12 analysts cover the stock
    Valuation vs Machinery
    P/E83.7 vs 45.8
    Sector P/B6.15
    Beta1.83

    Who holds the shares, quarter by quarter

    Mutual funds 6.42% (+0.85 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters74.9%
    • Foreign institutions1.7%
    • Mutual funds6.4%
    • Insurance3.4%
    • Other domestic institutions1.8%
    • Retail10.0%
    • Others1.8%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Motilal Oswal Large & Midcap Fund0.91%2.24%-0.44 pp
    HDFC Defence Fund0.83%3.61%-0.61 pp
    HDFC Balanced Advantage Fund0.54%0.25%-0.02 pp
    Motilal Oswal Nifty India Defence Index Fund0.31%2.99%-0.71 pp
    Nippon India Small Cap Fund0.31%0.18%-0.12 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.

    Corporate actions

    • dividend
      ₹4.50

      Interim Dividend - Rs 4.50 Per Share

      9 Feb 2026
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 0.65 Per Share

      19 Sept 2025
      ex-date
    • dividend
      ₹4.00

      Interim Dividend - Rs 4 Per Share

      14 Feb 2025
      ex-date
    • dividend
      ₹0.85

      Annual General Meeting/Dividend - Rs 0.85 Per Share

      23 Sept 2024
      ex-date
    • split
      Not available — not reported in this filing

      Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share

      24 May 2024
      ex-date
    • dividend
      ₹8.85

      Interim Dividend - Rs 8.85 Per Share

      2 Apr 2024
      ex-date
    • dividend
      ₹1.20

      Annual General Meeting/Dividend - Rs 1.20 Per Share

      20 Sept 2023
      ex-date
    • dividend
      ₹8.15

      Interim Dividend - Rs 8.15 Per Share

      20 Feb 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend - Re 1 Per Share

      16 Sept 2022
      ex-date
    • dividend
      ₹7.30

      Interim Dividend - Rs 7.30 Per Share

      23 Feb 2022
      ex-date
    • dividend
      ₹0.65

      Annual General Meeting/Dividend - Rs 0.65 Per Share

      17 Sept 2021
      ex-date
    • dividend
      ₹6.70

      Interim Dividend - Rs 6.70 Per Share

      18 Mar 2021
      ex-date
    • dividend
      ₹2.55

      Annual General Meeting/Dividend - Rs 2.55 Per Share

      18 Sept 2020
      ex-date
    • dividend
      ₹6.25

      Interim Dividend - Rs 6.25 Per Share

      24 Feb 2020
      ex-date
    • dividend
      ₹1.67

      Annual General Meeting/Dividend - Rs 1.67

      19 Sept 2019
      ex-date
    • dividend
      ₹5.25

      Interim Dividend - Rs 5.25 Per Share

      26 Mar 2019
      ex-date
    • dividend
      ₹7.29

      Annual General Meeting/Dividend Rs 7.29 Per Share

      18 Sept 2018
      ex-date

    Bulk & block deals

    Large deals reported to NSE in this stock
    DateClientTypeQuantityPrice
    15 Sept 2025—Short sale100—

    Deals of more than 0.5% of shares (bulk), large single trades (block) and short sales, as NSE reports them.

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

    Appointment of the Statutory Auditor for the FY 2026-27.

    Company Update
    Newspaper Advertisement For AGM 2025-26

    Newspaper Advertisement for AGM 2025-26

    Others
    Business Responsibility and Sustainability Reporting (BRSR)

    BRSR for the FY 2025-26

    Corp. Action
    Record Date For Final Dividend 2025-26

    Record for Final Dividend 2025-26 is 21 September 2026.

    Others
    Reg. 34 (1) Annual Report.

    BDL Annual Report 2025-26 and 56th AGM Notice

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Cessation of Shri L Kishan and Smt. Yalamanchili Ushasri With effect from 01-09-2026.

    Company Update
    Fines Imposed By Stock Exchanges

    Fines imposed by stock exchanges for the quarter ended 30 June 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Management

    Change In Management consequent to the Departmental Promotions 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Change in Directorate

    Appointment of Three Part time Non official Directors (Independent Directors) On the board Of BDL

    Board Meeting
    Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended 30 June 2026

    Unaudited Financial Results for the quarter ended 30 June 2026

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 30 June 2026

    Bharat Dynamics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the unaudited Financial results ....

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Publication relating to IEPF

    Filed with BSE (scrip 541143); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.