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Bharat Dynamics Limited

Bharat Dynamics Limited

NSE: BDL
Aerospace & DefenseIndustrialsLARGE CAPMCap ₹40.86k Cr
₹1,114.70₹-11.60 (-1.03%)

Market Closed • NSE

Market cap₹40.86k Cr
Enterprise value₹36.59k Cr
P/E TTM78.44
Forward P/E36.71
P/B9.63
EPS TTM₹14.21
Forward EPS₹30.36
D/E0.01
Dividend yield0.00%
52W high₹1,633.40
52W low₹1,047.70
Price chart(1Y)
1Y Return:-7.12% (₹85.50)
H: ₹1,440.5L: ₹1,047.7
1W+2.36%
1M-3.23%
3M-12.45%
6M-21.68%
1Y-27.62%
Today at a glance

Day range

₹1,112.30₹1,135.00

52 week range

₹1,047.70₹1,633.40
Volume471.6K0.53x 20D avg
Free float50.00%-46.60% volume

Bharat Dynamics Limited closed at INR1114.70 (-1.03%) on volume 0.53x its 20-day average, trading 31.76% below its 52-week high.

Technical analysis
RSI (14)43.7Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹31.65Moderate
SMA 20₹1,119.40BEARISH
SMA 50₹1,218.96BEARISH
SMA 100₹1,251.62BEARISH
SMA 200₹1,300.73BEARISH
CPR bottom₹1,127.05
Pivot₹1,126.80
CPR top₹1,126.55
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +5% QoQ

2026-09-21

DIVIDEND Announced

Dividend - Re 0.40 Per Share

2026-02-09

DIVIDEND Announced

Interim Dividend - Rs 4.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹286.0 Cr₹40.86k Cr0.70%≤ 33%PASS
Non-halal income ratio–₹2.44k Cr0.00%≤ 5%PASS
Illiquid assets ratio–₹40.86k Cr—≥ 20%PASS
Receivables ratio–₹40.86k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E78.4428.10
Forward P/E36.71—
P/B9.633.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield1.303.60
Growth & profitability
RevenuePAT
FY25PAT margin 16.40%
FY26PAT margin 17.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y-10.00%
Revenue CAGR 5Y-6.00%
PAT CAGR 3Y-8.60%
PAT CAGR 5Y-5.20%
Operating margin10.98%
Net margin18.83%
Financial health & cash flow
Net debt₹286.0 CrModerate
Interest coverage—xEBIT / interest
CFO / PAT1.44x3Y average
Net debt / EBITDA—Leverage
Operating cash flow–
Capital expenditure–
Free cash flow–
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation35/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.01x

High Cash Flow Conversion: CFO/PAT averaged 1.44x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 78.4x

Bull case

Market Leadership: Established operational scale in Aerospace & Defense.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
13.22%Institutional holding
11.85%Public holding
5Periods available
0.00%Promoter pledged
5.61LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
21 Sept 2026Dividend₹0.40 / share—21 Sept 2026
09 Feb 2026Dividend₹4.50 / share—09 Feb 2026
19 Sept 2025Dividend₹0.65 / share—19 Sept 2025
14 Feb 2025Dividend₹4.00 / share—14 Feb 2025
—Dividend₹0.85 / share—23 Sept 2024
24 May 2024Dividend₹10.00 / share—24 May 2024
02 Apr 2024Dividend₹8.85 / share—02 Apr 2024
—Dividend₹1.20 / share—20 Sept 2023
20 Feb 2023Dividend₹8.15 / share—20 Feb 2023
—Dividend₹1.00 / share—16 Sept 2022
24 Feb 2022Dividend₹7.30 / share—23 Feb 2022
—Dividend₹0.65 / share—17 Sept 2021
20 Mar 2021Dividend₹6.70 / share—18 Mar 2021
—Dividend₹2.55 / share—18 Sept 2020
25 Feb 2020Dividend₹6.25 / share—24 Feb 2020
—Dividend₹1.67 / share—19 Sept 2019
27 Mar 2019Dividend₹5.25 / share—26 Mar 2019
—Dividend₹7.29 / share—18 Sept 2018
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)35.20%-10.29% latest vs average
Highest delivery48.72%on 25 Sept
Average volume (20D)882.9KTrading-session average
Conviction trendWeakening-10.29% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About Bharat Dynamics Limited
Bharat Dynamics Limited

Bharat Dynamics (BDL), is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments [1] [2].

IndiaIndustrials

Questions investors ask
Is Bharat Dynamics Limited Shariah compliant?

Bharat Dynamics Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.7%) complies with AAOIFI threshold (≤ 33%).

What is Bharat Dynamics Limited's current valuation relative to peers?

Bharat Dynamics Limited trades at a P/E of 78.4x compared to the sector median of 28.1x, and a Price-to-Book of 9.6x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.01x. Interest coverage is comfortable.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at -6% while net profit growth averaged -5.2%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.