Nifty

:

24894.25

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:

81207.17

57.95 (0.23%)
223.86 (0.28%)

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Nifty
Sensex

:
:

24894.25
81207.17

57.95 (0.23%)
223.86 (0.28%)

Bharat Dynamics Ltd.

Defence

Rating :

76/99

BSE: 541143 | NSE: BDL

Watchlist

NSE BSE

1560.90

03-Oct-2025

Open
High
Low
Previous Close

1541.8
1578.1
1526.7
1541.80

Volume
Traded Value (lacs)
52 Week High
52 Week Low

1547231
2414360395.5
2096.6
890

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

57,220.41
102.04
5

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

53,034.52
0.30%
14.26

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

-
38.30
68.14

P:BV (Average)

8 Years
5 Years
3 Years

-
7.22
9.93

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
29.76
41.62

Earnings Forecasts:

(Updated: 27-09-2025)

Description 2024 2025 2026 2027
Adj EPS 14.99 26.44 36.21 46.72
P/E Ratio 104.13 59.04 43.11 33.41
Revenue 3323.07 4567.04 6154.37 7941.26
EBITDA 472.37 962.31 1385.97 1824.63
Net Income 549.65 956.58 1310.48 1700.54
ROA 4.98 7 8.08 8.33
P/B Ratio 14.27 12.23 10.05 8.12
ROE 14.38 21.17 23.85 24.95
FCFF 184.12 855.8 971.74 605.79
FCFF Yield 0.35 1.61 1.83 1.14
Net Debt -4183.77 -4879.47 -5987.38 -6413.09
BVPS 109.37 127.62 155.26 192.12

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 247.93 191.17 29.69% 1,776.98 854.12 108.05% 832.14 601.62 38.32% 544.77 615.81 -11.54%
Expenses 293.30 243.49 20.46% 1,478.00 537.72 174.86% 705.26 482.87 46.06% 445.93 481.78 -7.44%
EBITDA -45.37 -52.32 - 298.97 316.40 -5.51% 126.87 118.75 6.84% 98.84 134.04 -26.26%
EBIDTM -18.30% -27.37% 16.82% 37.04% 15.25% 19.74% 18.14% 21.77%
Other Income 86.86 80.38 8.06% 99.57 88.49 12.52% 84.42 87.60 -3.63% 86.03 78.30 9.87%
Interest 0.70 1.16 -39.66% 0.71 0.77 -7.79% 0.71 0.78 -8.97% 0.73 0.78 -6.41%
Depreciation 17.66 15.67 12.70% 19.65 16.25 20.92% 17.70 16.47 7.47% 17.67 17.43 1.38%
PBT 23.13 11.23 105.97% 378.17 387.87 -2.50% 192.88 189.10 2.00% 166.47 194.12 -14.24%
Tax 4.78 4.02 18.91% 105.40 99.10 6.36% 45.76 54.07 -15.37% 43.94 47.02 -6.55%
PAT 18.35 7.22 154.16% 272.77 288.78 -5.54% 147.13 135.03 8.96% 122.53 147.09 -16.70%
PATM 7.40% 3.77% 15.35% 33.81% 17.68% 22.44% 22.49% 23.89%
EPS 0.50 0.20 150.00% 7.44 7.88 -5.58% 4.01 3.68 8.97% 3.34 4.01 -16.71%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 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

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 3,401.82 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 50.34% 41.18% -4.82% -11.64% 47.22% -38.36% 1.16% -32.94% 0.91% 19.79% Cost Of Goods Sold 1,704.89 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 1,696.93 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 49.88% 51.09% 62.61% 52.32% 58.29% 56.41% 52.11% 48.16% 41.35% 33.97% 34.36% Total Expenditure 2,922.49 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 479.31 473.20 536.99 409.21 727.39 345.52 756.30 620.32 488.93 416.94 402.39 EBITDA Margin 14.09% 14.15% 22.66% 16.44% 25.82% 18.05% 24.36% 20.21% 10.68% 9.19% 10.63% Other Income 356.88 350.42 361.89 155.40 111.21 94.61 88.05 138.70 352.57 452.38 497.49 Interest 2.85 4.16 3.60 5.55 4.75 4.71 5.46 5.15 4.20 4.49 5.38 Depreciation 72.68 70.70 67.04 77.26 90.35 94.54 96.44 82.50 63.48 62.02 53.22 PBT 760.65 748.76 828.24 481.80 743.50 340.88 742.45 671.36 773.82 802.81 841.27 Tax 199.88 199.12 215.51 129.63 209.99 83.12 207.55 248.78 245.67 278.76 279.20 Tax Rate 26.28% 26.59% 26.02% 26.91% 29.58% 24.38% 27.95% 37.06% 31.75% 34.72% 33.19% PAT 560.78 549.65 612.72 352.17 499.92 257.77 534.90 422.59 528.15 524.06 562.07 PAT before Minority Interest 560.78 549.65 612.72 352.17 499.92 257.77 534.90 422.59 528.15 524.06 562.07 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 16.48% 16.43% 25.86% 14.15% 17.74% 13.47% 17.23% 13.77% 11.54% 11.56% 14.85% PAT Growth -3.00% -10.29% 73.98% -29.55% 93.94% -51.81% 26.58% -19.99% 0.78% -6.76% EPS 15.30 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

Right to Left

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

Right to Left

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

Right to Left

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

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Annual Reports:

News Update:

Bharat Dynamics - Quarterly Results
12th Aug 2025, 15:52 PM

Read More
Bharat Dynamics receives order from Armoured Vehicles Nigam
25th Jul 2025, 15:09 PM

The order has to be executed in a span of 3 years
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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