Bharat Dynamics, 541143, BDL Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

56,362.65
86.16
5

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

52,181.01
0.30%
13.41

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-1.23
11.82
10.35

EBITDA CAGR (%)

10 Years
5 Years
3 Years

1.63
6.49
2.95

PAT CAGR (%)

10 Years
5 Years
3 Years

-0.22
16.35
16.00

P:E (Median)

8 Years
5 Years
3 Years

26.62
53.40
74.93

P:BV (Average)

8 Years
5 Years
3 Years

7.01
7.94
10.77

EV:EBITDA (Average)

8 Years
5 Years
3 Years

23.43
32.82
45.95

Earnings Forecasts:

(Updated: 31-01-2026)

Description 2024 2025 2026 2027
Adj EPS 14.99 25.27 33.51 43.48
P/E Ratio 102.62 60.87 45.90 35.38
Revenue 3323.07 4636.19 6132.47 7970.53
EBITDA 472.37 923.57 1274.23 1717.84
Net Income 549.65 928.33 1221.22 1598.06
ROA 4.98 6.45 7.12 7.44
P/B Ratio 14.06 12.17 10.15 8.24
ROE 14.38 20.74 22.86 24.48
FCFF 184.12 791.99 973.46 901.17
FCFF Yield 0.35 1.48 1.82 1.69
Net Debt -4183.77 -4975.7 -6215.51 -7139.47
BVPS 109.37 126.4 151.58 186.76

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 566.63 832.14 -31.91% 1,147.03 544.77 110.55% 247.93 191.17 29.69% 1,776.98 854.12 108.05%
Expenses 540.64 705.26 -23.34% 959.52 445.93 115.17% 293.30 243.49 20.46% 1,478.00 537.72 174.86%
EBITDA 25.99 126.87 -79.51% 187.51 98.84 89.71% -45.37 -52.32 - 298.97 316.40 -5.51%
EBIDTM 4.59% 15.25% 16.35% 18.14% -18.30% -27.37% 16.82% 37.04%
Other Income 97.17 84.42 15.10% 120.57 86.03 40.15% 86.86 80.38 8.06% 99.57 88.49 12.52%
Interest 0.67 0.71 -5.63% 1.35 0.73 84.93% 0.70 1.16 -39.66% 0.71 0.77 -7.79%
Depreciation 19.30 17.70 9.04% 19.12 17.67 8.21% 17.66 15.67 12.70% 19.65 16.25 20.92%
PBT 103.18 192.88 -46.51% 287.61 166.47 72.77% 23.13 11.23 105.97% 378.17 387.87 -2.50%
Tax 30.26 45.76 -33.87% 71.73 43.94 63.25% 4.78 4.02 18.91% 105.40 99.10 6.36%
PAT 72.92 147.13 -50.44% 215.88 122.53 76.19% 18.35 7.22 154.16% 272.77 288.78 -5.54%
PATM 12.87% 17.68% 18.82% 22.49% 7.40% 3.77% 15.35% 33.81%
EPS 1.99 4.01 -50.37% 5.89 3.34 76.35% 0.50 0.20 150.00% 7.44 7.88 -5.58%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 3,738.57 3,345.05 2,369.28 2,489.39 2,817.40 1,913.76 3,104.87 3,069.35 4,576.71 4,535.33 3,786.22 Net Sales Growth 54.35% 41.18% -4.82% -11.64% 47.22% -38.36% 1.16% -32.94% 0.91% 19.79% Cost Of Goods Sold 2,094.10 1,636.15 885.78 1,187.05 1,175.26 834.28 1,486.76 1,591.09 2,684.46 2,994.86 2,485.29 Gross Profit 1,644.47 1,708.91 1,483.50 1,302.34 1,642.14 1,079.47 1,618.10 1,478.26 1,892.25 1,540.47 1,300.93 GP Margin 43.99% 51.09% 62.61% 52.32% 58.29% 56.41% 52.11% 48.16% 41.35% 33.97% 34.36% Total Expenditure 3,271.46 2,871.85 1,832.29 2,080.18 2,090.01 1,568.24 2,348.57 2,449.03 4,087.78 4,118.39 3,383.83 Power & Fuel Cost - 29.56 28.59 25.15 26.08 23.54 27.81 26.83 28.59 24.34 30.59 % Of Sales - 0.88% 1.21% 1.01% 0.93% 1.23% 0.90% 0.87% 0.62% 0.54% 0.81% Employee Cost - 548.80 600.01 532.46 570.66 501.09 534.03 534.21 529.34 448.39 326.23 % Of Sales - 16.41% 25.32% 21.39% 20.25% 26.18% 17.20% 17.40% 11.57% 9.89% 8.62% Manufacturing Exp. - 119.86 96.65 77.41 76.33 75.52 119.27 137.46 193.64 30.50 27.71 % Of Sales - 3.58% 4.08% 3.11% 2.71% 3.95% 3.84% 4.48% 4.23% 0.67% 0.73% General & Admin Exp. - 96.70 88.78 87.54 78.72 66.85 74.44 69.03 65.16 68.69 48.81 % Of Sales - 2.89% 3.75% 3.52% 2.79% 3.49% 2.40% 2.25% 1.42% 1.51% 1.29% Selling & Distn. Exp. - 129.13 28.35 25.88 17.80 17.97 20.76 34.08 16.53 10.00 16.17 % Of Sales - 3.86% 1.20% 1.04% 0.63% 0.94% 0.67% 1.11% 0.36% 0.22% 0.43% Miscellaneous Exp. - 311.65 104.13 144.69 145.16 48.99 85.50 56.33 570.06 541.61 16.17 % Of Sales - 9.32% 4.40% 5.81% 5.15% 2.56% 2.75% 1.84% 12.46% 11.94% 11.86% EBITDA 467.10 473.20 536.99 409.21 727.39 345.52 756.30 620.32 488.93 416.94 402.39 EBITDA Margin 12.49% 14.15% 22.66% 16.44% 25.82% 18.05% 24.36% 20.21% 10.68% 9.19% 10.63% Other Income 404.17 350.42 361.89 155.40 111.21 94.61 88.05 138.70 352.57 452.38 497.49 Interest 3.43 4.16 3.60 5.55 4.75 4.71 5.46 5.15 4.20 4.49 5.38 Depreciation 75.73 70.70 67.04 77.26 90.35 94.54 96.44 82.50 63.48 62.02 53.22 PBT 792.09 748.76 828.24 481.80 743.50 340.88 742.45 671.36 773.82 802.81 841.27 Tax 212.17 199.12 215.51 129.63 209.99 83.12 207.55 248.78 245.67 278.76 279.20 Tax Rate 26.79% 26.59% 26.02% 26.91% 29.58% 24.38% 27.95% 37.06% 31.75% 34.72% 33.19% PAT 579.92 549.65 612.72 352.17 499.92 257.77 534.90 422.59 528.15 524.06 562.07 PAT before Minority Interest 579.92 549.65 612.72 352.17 499.92 257.77 534.90 422.59 528.15 524.06 562.07 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 15.51% 16.43% 25.86% 14.15% 17.74% 13.47% 17.23% 13.77% 11.54% 11.56% 14.85% PAT Growth 2.52% -10.29% 73.98% -29.55% 93.94% -51.81% 26.58% -19.99% 0.78% -6.76% EPS 15.82 14.99 16.71 9.61 13.64 7.03 14.59 11.53 14.41 14.30 15.33

Results Balance Sheet

Standalone Figures in Rs. Crores

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 4,008.95 3,636.82 3,211.50 3,030.56 2,684.75 2,606.83 2,268.55 1,956.38 2,194.98 1,851.24 Share Capital 183.28 183.28 183.28 183.28 183.28 183.28 183.28 183.28 122.19 97.75 Total Reserves 3,825.67 3,453.54 3,028.22 2,847.28 2,501.47 2,423.55 2,085.26 1,773.10 2,072.79 1,753.49 Non-Current Liabilities 3,250.63 3,626.74 3,198.55 895.16 708.31 709.52 208.98 217.44 357.18 1,194.97 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 0.43 0.40 0.37 44.66 29.07 0.29 0.00 0.00 17.87 1.14 Current Liabilities 4,360.17 3,005.76 2,205.97 2,581.06 2,520.97 2,314.66 2,919.12 4,231.99 5,686.50 6,517.60 Trade Payables 1,505.56 798.39 464.38 552.47 742.60 345.49 519.46 1,011.51 1,529.36 1,343.11 Other Current Liabilities 2,345.61 1,807.45 1,389.87 1,719.28 1,548.39 1,640.76 2,039.12 2,554.28 3,649.00 4,802.86 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 2.17 1.82 0.00 0.00 0.00 Short Term Provisions 509.00 399.92 351.72 309.31 229.98 326.25 358.73 666.20 508.13 371.63 Total Liabilities 11,619.75 10,269.32 8,616.02 6,506.78 5,914.03 5,631.01 5,396.65 6,405.81 8,238.66 9,563.81 Net Block 857.08 823.61 808.53 873.84 914.98 932.36 956.96 868.37 757.12 696.76 Gross Block 1,600.56 1,496.52 1,415.67 1,451.08 1,368.51 1,291.36 1,219.61 1,048.62 869.66 818.71 Accumulated Depreciation 743.48 672.91 607.15 577.24 453.53 359.00 262.65 180.25 112.54 121.95 Non Current Assets 1,226.54 1,013.63 997.80 964.08 994.17 1,034.71 1,063.51 1,063.12 956.00 891.15 Capital Work in Progress 230.32 72.87 74.35 40.73 21.50 42.06 47.03 129.84 135.88 126.21 Non Current Investment 3.91 0.00 0.00 0.00 4.53 3.91 3.73 3.70 2.96 2.96 Long Term Loans & Adv. 29.51 8.85 8.88 8.64 9.12 9.61 9.60 61.20 60.03 10.43 Other Non Current Assets 105.71 108.29 106.03 40.86 44.04 46.77 46.20 0.00 0.00 54.80 Current Assets 10,377.92 9,239.01 7,600.14 5,523.24 4,899.00 4,574.06 4,309.50 5,317.67 7,256.25 8,644.85 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235.30 0.00 0.00 Inventories 2,645.11 1,982.47 1,822.44 1,654.45 1,397.01 856.52 1,664.53 1,925.87 2,240.42 2,057.66 Sundry Debtors 826.36 310.45 184.57 304.16 322.69 338.37 525.93 770.41 154.55 144.86 Cash & Bank 4,190.37 4,228.48 3,858.86 1,899.53 1,560.95 663.49 371.32 356.79 1,738.01 3,242.49 Other Current Assets 2,716.09 231.68 68.43 105.19 1,618.34 2,715.68 1,747.73 2,029.32 3,123.27 3,199.85 Short Term Loans & Adv. 2,503.18 2,485.93 1,665.84 1,559.90 1,551.75 2,626.74 348.88 510.07 1,395.33 1,713.07 Net Current Assets 6,017.75 6,233.25 5,394.18 2,942.18 2,378.03 2,259.40 1,390.38 1,085.68 1,569.75 2,127.26 Total Assets 11,619.75 10,269.32 8,616.01 6,506.78 5,914.02 5,631.01 5,396.64 6,405.81 8,238.66 9,563.80

Cash Flow

Standalone Figures in Rs. Crores

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 167.39 411.72 2,130.25 529.66 1,068.01 504.22 83.52 -341.50 -419.89 284.28 PBT 748.76 828.24 481.80 743.50 340.88 742.45 671.36 773.82 802.81 841.27 Adjustment -8.09 -233.14 -24.96 87.87 29.34 45.06 -7.54 30.40 -63.85 -217.88 Changes in Working Capital -370.14 -27.41 1,891.53 -98.28 775.61 -109.64 -285.47 -891.68 -823.95 -61.03 Cash after chg. in Working capital 370.53 567.69 2,348.37 733.08 1,145.84 677.87 378.35 -87.46 -84.99 562.37 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -203.14 -155.97 -218.12 -203.42 -77.82 -173.64 -294.83 -254.04 -334.90 -278.09 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -407.13 -722.40 -1,171.03 -573.01 -733.78 -33.18 169.78 1,047.02 2.68 148.59 Net Fixed Assets -261.49 -79.37 1.79 -101.80 -56.59 -66.78 -88.18 -172.92 -60.62 -216.34 Net Investments -3.91 0.00 0.00 4.53 -0.62 -0.18 235.27 -236.04 0.00 -0.02 Others -141.73 -643.03 -1,172.82 -475.74 -676.57 33.78 22.69 1,455.98 63.30 364.95 Cash from Financing Activity -220.25 -148.36 -171.38 -148.52 -172.64 -190.87 -268.13 -768.64 -166.17 -324.27 Net Cash Inflow / Outflow -459.99 -459.04 787.84 -191.87 161.59 280.17 -14.83 -63.12 -583.38 108.59 Opening Cash & Equivalents 593.84 1,052.88 265.04 456.92 295.33 15.16 29.99 93.11 676.49 123.92 Closing Cash & Equivalent 133.86 593.84 1,052.88 265.04 456.92 295.33 15.16 29.99 93.11 232.52

Financial Ratios

Standalone /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 108.95 98.76 87.12 164.29 145.34 141.02 122.48 105.38 17747.83 18654.08 ROA 5.02% 6.49% 4.66% 8.05% 4.47% 9.70% 7.16% 7.21% 5.89% 6.27% ROE 14.44% 17.99% 11.35% 17.62% 9.82% 22.15% 20.24% 25.76% 26.26% 32.61% ROCE 19.75% 24.39% 15.69% 25.15% 13.15% 30.90% 32.33% 37.89% 40.37% 49.02% Fixed Asset Turnover 2.16 1.63 1.74 2.00 1.44 2.47 2.71 4.78 5.79 5.81 Receivable days 62.02 38.13 35.83 40.61 63.04 50.80 77.08 36.80 11.18 21.46 Inventory Days 252.47 293.08 254.89 197.66 214.90 148.18 213.48 165.74 160.52 158.10 Payable days 256.99 260.17 156.33 201.10 238.02 83.56 99.33 131.67 146.94 114.80 Cash Conversion Cycle 57.51 71.04 134.39 37.16 39.92 115.43 191.23 70.86 24.76 64.76 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Interest Cover 181.00 230.75 87.79 150.48 73.34 137.04 131.30 185.22 179.62 157.22

Description Mar 19 Mar 18
Book Value (Rs.) 0.00 0.00 ROA 0.00% 0.00% ROE 0.00% 0.00% ROCE 0.00% 0.00% Fixed Asset Turnover 0.00 0.00 Receivable days 0.00 0.00 Inventory Days 0.00 0.00 Payable days 0.00 0.00 Cash Conversion Cycle 0.00 0.00 Total Debt/Equity 0.00 0.00 Interest Cover 0.00 0.00

Top Investors:

life insurance corporation of india

motilal oswal large and midcap fund

nps trust- a/c sbi pension fund scheme - state govt

hdfc mutual fund - hdfc defence fund

llp

qualified institutional buyer

Annual Reports:

News Update:

Bharat Dynamics bags additional orders worth Rs 2461.62 crore
2nd Dec 2025, 11:20 AM

The company has secured additional orders from Indian Army
Read More
Bharat Dynamics reports 76% jump in Q2 net profit
14th Nov 2025, 12:50 PM

Total income of the company increased by 100.95% at Rs 1,267.60 crore for Q2FY26
Read More
Bharat Dynamics sings contract worth Rs 2,095.70 crore
14th Nov 2025, 09:09 AM

The order is to be executed in a span of 3 years
Read More
Bharat Dynamics - Quarterly Results
14th Nov 2025, 00:00 AM

Read More

Bharat Dynamics Ltd.

Defence

BSE: 541143 | NSE: BDL

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Standalone Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores

Results Balance Sheet

Standalone Figures in Rs. Crores

Cash Flow

Standalone Figures in Rs. Crores

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update:

Bharat Dynamics Ltd.

Defence

BSE: 541143 | NSE: BDL

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Standalone Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores

Results Balance Sheet

Standalone Figures in Rs. Crores

Cash Flow

Standalone Figures in Rs. Crores

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update: