Nifty

:

24430.35

Sensex

:

78285.07

159.50 (0.66%)
521.16 (0.67%)

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Nifty
Sensex

:
:

24430.35
78285.07

159.50 (0.66%)
521.16 (0.67%)

Bharat Dynamics Ltd.

Aerospace & Defense

Rating :

61/99

BSE: 541143 | NSE: BDL

Watchlist

NSE BSE

1409.60

06-Jul-2026

Open
High
Low
Previous Close

1400.1
1433.1
1398.8
1388.20

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

2187294
3093021467.2
1998
1086

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

51,628.50
122.83
5

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

46,919.18
0.35%
12.17

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

28.10
63.89
80.72

P:BV (Average)

8 Years
5 Years
3 Years

7.29
8.67
11.53

EV:EBITDA (Average)

8 Years
5 Years
3 Years

25.66
36.45
50.18

Earnings Forecasts:

(Updated: 04-07-2026)

Description 2026 2027 2028 2029
Adj EPS 47 -6 24.27 20.28
P/E Ratio 29.99 -234.93 58.08 69.51
Revenue 61.11 44.22 30.44 4130.84
EBITDA 4367.81 5913.16 8384.44 666.19
Net Income 742.19 1096.45 1991.28 735.25
ROA 825.49 1140.35 1667.66 5.35
P/B Ratio -0.26 -0.23 -0.27 11.48
ROE 10.49 8.97 7.24 16.72
FCFF 17.23 20.82 24.16 596.33
FCFF Yield 761.71 764.36 1310.9 1.29
Net Debt 1.65 1.66 2.85 -4625.33
BVPS -5329.99 -6107.51 -5308.45 122.76

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 480.20 1,776.98 -72.98% 566.63 832.14 -31.91% 1,147.03 544.77 110.55% 247.93 191.17 29.69%
Expenses 424.96 1,478.00 -71.25% 540.64 705.26 -23.34% 959.52 445.93 115.17% 293.30 243.49 20.46%
EBITDA 55.24 298.97 -81.52% 25.99 126.87 -79.51% 187.51 98.84 89.71% -45.37 -52.32 -
EBIDTM 11.50% 16.82% 4.59% 15.25% 16.35% 18.14% -18.30% -27.37%
Other Income 119.17 99.57 19.68% 97.17 84.42 15.10% 120.57 86.03 40.15% 86.86 80.38 8.06%
Interest 0.67 0.71 -5.63% 0.67 0.71 -5.63% 1.35 0.73 84.93% 0.70 1.16 -39.66%
Depreciation 19.85 19.65 1.02% 19.30 17.70 9.04% 19.12 17.67 8.21% 17.66 15.67 12.70%
PBT 153.89 378.17 -59.31% 103.18 192.88 -46.51% 287.61 166.47 72.77% 23.13 11.23 105.97%
Tax 40.71 105.40 -61.38% 30.26 45.76 -33.87% 71.73 43.94 63.25% 4.78 4.02 18.91%
PAT 113.18 272.77 -58.51% 72.92 147.13 -50.44% 215.88 122.53 76.19% 18.35 7.22 154.16%
PATM 23.57% 15.35% 12.87% 17.68% 18.82% 22.49% 7.40% 3.77%
EPS 3.09 7.44 -58.47% 1.99 4.01 -50.37% 5.89 3.34 76.35% 0.50 0.20 150.00%

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 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 2,441.79 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 -27.00% 41.18% -4.82% -11.64% 47.22% -38.36% 1.16% -32.94% 0.91% 19.79% Cost Of Goods Sold 1,222.49 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 1,219.30 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 49.93% 51.09% 62.61% 52.32% 58.29% 56.41% 52.11% 48.16% 41.35% 33.97% 34.36% Total Expenditure 2,218.42 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 24.89 30.59 % Of Sales - 0.88% 1.21% 1.01% 0.93% 1.23% 0.90% 0.87% 0.62% 0.55% 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 78.24 65.16 68.69 48.81 % Of Sales - 2.89% 3.75% 3.52% 2.79% 3.49% 2.40% 2.55% 1.42% 1.51% 1.29% Selling & Distn. Exp. - 129.13 28.35 25.88 17.80 17.97 20.76 24.88 16.53 9.45 16.17 % Of Sales - 3.86% 1.20% 1.04% 0.63% 0.94% 0.67% 0.81% 0.36% 0.21% 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 223.37 473.20 536.99 409.21 727.39 345.52 756.30 620.32 488.93 416.94 402.39 EBITDA Margin 9.15% 14.15% 22.66% 16.44% 25.82% 18.05% 24.36% 20.21% 10.68% 9.19% 10.63% Other Income 423.77 350.42 361.89 155.40 111.21 94.61 88.05 138.70 352.57 452.38 497.49 Interest 3.39 4.16 3.60 5.55 4.75 4.71 5.46 5.15 4.20 4.49 5.38 Depreciation 75.93 70.70 67.04 77.26 90.35 94.54 96.44 82.50 63.48 62.02 53.22 PBT 567.81 748.76 828.24 481.80 743.50 340.88 742.45 671.36 773.82 802.81 841.27 Tax 147.48 199.12 215.51 129.63 209.99 83.12 207.55 248.78 245.67 278.76 279.20 Tax Rate 25.97% 26.59% 26.02% 26.91% 29.58% 24.38% 27.95% 37.06% 31.75% 34.72% 33.19% PAT 420.33 549.65 612.72 352.17 499.92 257.77 534.90 422.59 528.15 524.06 562.07 PAT before Minority Interest 420.33 549.65 612.72 352.17 499.92 257.77 534.90 422.59 528.15 524.06 562.07 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 17.21% 16.43% 25.86% 14.15% 17.74% 13.47% 17.23% 13.77% 11.54% 11.56% 14.85% PAT Growth -23.53% -10.29% 73.98% -29.55% 93.94% -51.81% 26.58% -19.99% 0.78% -6.76% EPS 11.47 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 4.52 3.90 3.72 3.69 2.95 2.95 Long Term Loans & Adv. 29.51 8.85 8.88 8.64 9.12 9.61 9.60 10.89 9.83 10.43 Other Non Current Assets 105.71 108.29 106.03 40.86 44.04 46.77 46.20 50.31 50.20 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 1,668.87 1,949.19 2,974.05 1,709.47 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 4.52 -0.62 -0.18 235.27 -236.04 0.00 -0.02 Others -141.73 -643.03 -1,172.82 -475.73 -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

Top Investors:

motilal oswal large and midcap fund

life insurance corporation of india

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

hdfc mutual fund - hdfc defence fund

Annual Reports:

News Update:

Bharat Dynamics bags orders worth Rs 1,347.71 crore
24th Jun 2026, 17:44 PM

The orders are expected to be executed in a span of 24-60 months
Read More
Bharat Dynamics - Quarterly Results
29th May 2026, 00:00 AM

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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