Bharat Dynamics Limited BDL NIFTY_MIDNSEAIDEFENCEINFRA
Company Overview
Bharat Dynamics Limited manufactures and sells guided missiles, underwater weapons, air-borne products, and allied defense equipment in India. It offers light and heavy-weight torpedoes, unified launcher, fagot launcher adapted to Milan equipment, Konkurs launcher test equipment, Akash and Astra weapon systems, Konkurs missile test equipment, medium-range surface-to-air missile, quick reaction surface-to-air missile, and multi-influential ground mines. The company also sells vertically launched-short range surface-to-air missile, anti-submarine warfare suite, counter measures dispensing system, smart anti-airfield weapon, anti-torpedo decoy launching system, Helina, Amogha III, man portable anti-tank guided missile (ATGM), NAG ATGM, invar (3 UBK 20) anti-tank guided missile, Konkurs-M ATGM, and Milan2T ATGM, as well as Dishani, an air-deployed ASW sensor system. Bharat Dynamics Limited was incorporated in 1970 and is headquartered in Hyderabad, India.
Why Investors Should Care
Maintains a net profit margin of 17.4%.
Carries low leverage with a debt-to-equity ratio of 0.01.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹2,415.36 Cr (-27.3% YoY); net profit ₹420.34 Cr.
- Trailing 12 Months Year-on-year growth — revenue -27.3%, earnings -23.5%.
- 5-Year Trend Long-term compounding — revenue CAGR -0.9%, profit CAGR 6.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -0.87% |
| 1 Year: | -27.32% |
Compounded Profit Growth
| 5 Years: | 6.08% |
| 1 Year: | -23.53% |
Stock Price Performance
| 1 Year: | -15.21% |
| 6 Months: | -7.50% |
| 3 Months: | +4.34% |
| 1 Month: | -3.39% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Bharat Dynamics manufactures missiles with AI-embedded targeting (Akash, Astra, Helina, Brahmos LR). AI for target discrimination and seeker electronics.
- AI in guided-missile systems Bharat Dynamics builds India's guided missiles, where AI/ML increasingly drives target recognition, guidance and autonomous engagement in next-generation programmes.
- Smart munitions & seekers Development of AI-enabled seekers and precision-guided munitions aligns BDL with the move toward smarter, software-defined weapons.
- Indigenisation of defence AI hardware As a defence PSU, BDL benefits from indigenisation mandates that push AI-capable systems to be designed and built domestically.
- Direct exposure to AI in strategic defence systems with a captive government customer.
- Strong, multi-year order book visibility from India's defence-modernisation push.
- Monopoly-like position in domestic missile production limits competition.
- Earnings are programme-timing dependent, so quarterly results can be lumpy.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 83.7.
- Revenue declined at -0.9% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BDL Bharat Dynamics Limited NIFTY_MIDNSEAIDEFENCEINFRA | 1,255.00 | 83.72 | ₹46,003.59 Cr | 0.40% | 7.22% | 9.91% | -0.87% | 6.08% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,964.10 | 33.92 | ₹5.45 L Cr | 0.94% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,707.30 | 29.32 | ₹3.93 L Cr | 0.44% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,856.00 | 35.63 | ₹3.25 L Cr | 0.41% | 13.80% | 22.21% | 7.87% | 16.08% |
| 5 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 405.35 | 48.90 | ₹2.96 L Cr | 0.63% | 31.88% | 25.27% | 15.47% | 26.64% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,977.00 | -80.43 | ₹1.92 L Cr | 0.24% | 4.02% | -34.31% | 15.55% | -227.40% |
| 7 | ABB ABB India Limited NSEAIINFRA | 7,410.00 | 94.12 | ₹1.57 L Cr | 0.51% | 28.45% | 21.29% | 15.41% | 17.97% |
| 8 | BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU | 431.10 | 93.72 | ₹1.50 L Cr | 0.34% | 6.60% | 6.12% | 13.49% | 35.91% |
| 9 | SIEMENS Siemens Limited NSEAIINFRA | 3,977.00 | 51.47 | ₹1.42 L Cr | 0.46% | 16.46% | 19.90% | 3.04% | 10.90% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 1,800.55 Cr | 231.09 Cr | 1,147.08 Cr | 548.56 Cr | 488.62 Cr |
| Cost of Revenue | 1,052.17 Cr | 59.23 Cr | 651.20 Cr | 331.49 Cr | 180.56 Cr |
| Gross Profit | 748.38 Cr | 171.86 Cr | 495.88 Cr | 217.07 Cr | 308.06 Cr |
| Operating Expenses | 469.06 Cr | 234.89 Cr | 327.49 Cr | 210.39 Cr | 272.66 Cr |
| Operating Income | 279.32 Cr | -63.03 Cr | 168.39 Cr | 6.68 Cr | 35.40 Cr |
| EBITDA | 398.54 Cr | 41.49 Cr | 308.08 Cr | 123.16 Cr | 174.41 Cr |
| Interest Expense | 71.35 L | 69.62 L | 1.35 Cr | 67.42 L | 66.79 L |
| Pretax Income | 378.18 Cr | 23.13 Cr | 287.61 Cr | 103.18 Cr | 153.89 Cr |
| Tax Provision | 105.40 Cr | 4.78 Cr | 71.73 Cr | 30.26 Cr | 40.71 Cr |
| Net Income | 272.77 Cr | 18.35 Cr | 215.88 Cr | 72.92 Cr | 113.18 Cr |
| Diluted EPS | 7.44 | 0.50 | 5.89 | 1.99 | 3.09 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 2,479.24 Cr | 2,358.86 Cr | 3,323.07 Cr | 2,415.36 Cr |
| Cost of Revenue | - | 1,191.30 Cr | 897.33 Cr | 1,677.89 Cr | 1,222.49 Cr |
| Gross Profit | - | 1,287.94 Cr | 1,461.54 Cr | 1,645.18 Cr | 1,192.87 Cr |
| Operating Expenses | - | 955.99 Cr | 991.53 Cr | 1,243.51 Cr | 1,045.43 Cr |
| Operating Income | - | 331.95 Cr | 470.01 Cr | 401.67 Cr | 147.44 Cr |
| EBITDA | - | 562.21 Cr | 896.99 Cr | 822.77 Cr | 647.14 Cr |
| Interest Expense | - | 3.15 Cr | 1.72 Cr | 3.31 Cr | 3.39 Cr |
| Pretax Income | - | 481.80 Cr | 828.24 Cr | 748.76 Cr | 567.82 Cr |
| Tax Provision | - | 129.63 Cr | 215.51 Cr | 199.12 Cr | 147.48 Cr |
| Net Income | - | 352.17 Cr | 612.72 Cr | 549.65 Cr | 420.34 Cr |
| Diluted EPS | 13.64 | 9.61 | 16.72 | 14.99 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 8,672.43 Cr | 10,340.05 Cr | 11,742.48 Cr | 14,261.50 Cr |
| Current Assets | - | 7,600.14 Cr | 9,239.01 Cr | 10,377.92 Cr | 12,756.97 Cr |
| Cash & Equivalents | - | 1,052.88 Cr | 593.84 Cr | 133.86 Cr | 863.31 Cr |
| Inventory | - | 1,822.44 Cr | 1,982.47 Cr | 2,645.11 Cr | 4,625.64 Cr |
| Receivables | - | 184.57 Cr | 310.45 Cr | 826.36 Cr | 422.88 Cr |
| Total Liabilities | - | 5,460.93 Cr | 6,703.23 Cr | 7,733.53 Cr | 10,020.53 Cr |
| Current Liabilities | - | 2,205.97 Cr | 3,005.76 Cr | 4,360.17 Cr | 6,345.82 Cr |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 5.21 Cr | 3.74 Cr | 2.12 Cr | 31.52 L |
| Total Equity | - | 3,211.50 Cr | 3,636.82 Cr | 4,008.95 Cr | 4,240.97 Cr |
| Shares Outstanding | - | 36.66 Cr | 36.66 Cr | 36.66 Cr | 36.66 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 2,130.25 Cr | 411.72 Cr | 167.39 Cr | 604.00 Cr |
| Investing Cash Flow | - | -1,171.03 Cr | -722.40 Cr | -407.13 Cr | 319.61 Cr |
| Financing Cash Flow | - | -171.38 Cr | -148.36 Cr | -220.25 Cr | -194.16 Cr |
| Capital Expenditure | - | -108.26 Cr | -80.89 Cr | -282.74 Cr | -228.75 Cr |
| Free Cash Flow | - | 2,021.99 Cr | 330.83 Cr | -115.35 Cr | 375.25 Cr |
| Net Change in Cash | - | 787.84 Cr | -459.04 Cr | -459.99 Cr | 729.46 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 51.9% | 62.0% | 49.5% | 49.4% |
| Operating Margin % | - | 13.4% | 19.9% | 12.1% | 6.1% |
| Net Margin % | - | 14.2% | 26.0% | 16.5% | 17.4% |
| ROE % | - | 11.0% | 16.8% | 13.7% | 9.9% |
| ROCE % | - | 5.1% | 6.4% | 5.4% | 1.9% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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BDL — Frequently Asked Questions
What is the current share price of Bharat Dynamics Limited (BDL)?
As of 2026-09-08 04:53 IST, Bharat Dynamics Limited (BDL) trades at ₹1,255.00 on NSE. Its 52-week range is ₹1,096.60 to ₹1,625.81.
What is the market capitalisation of BDL?
Bharat Dynamics Limited (BDL) has a market capitalisation of ₹46,003.59 Cr on NSE.
What is the P/E ratio of BDL?
BDL trades at a trailing price-to-earnings (P/E) ratio of 83.72. The industry average P/E is 28.90. Its price-to-book (P/B) ratio is 11.18.
Does BDL pay a dividend?
Bharat Dynamics Limited (BDL) currently offers a dividend yield of 0.40%.
What is the return on equity (ROE) of BDL?
BDL has a return on equity (ROE) of 9.91%. Its return on capital employed (ROCE) is 7.22%.
Is BDL a good stock to buy?
This page provides a data-driven analysis of Bharat Dynamics Limited (BDL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.