| Annual Financials | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
Revenue  | 3,281 | 4,565 | 5,187 | 4,760 | 3,205 | 3,193 | 2,008 | 2,929 | 2,645 | 2,731 | 3,696 |
| Expenses | 2,597 | 3,660 | 4,318 | 3,920 | 2,447 | 2,349 | 1,569 | 2,091 | 2,081 | 1,833 | 2,873 |
| EBITDA | 684 | 904 | 869 | 841 | 758 | 844 | 439 | 837 | 564 | 898 | 823 |
| Operating Profit % | 7 % | 12 % | 12 % | 15 % | 20 % | 24 % | 18 % | 26 % | 16 % | 23 % | 4 % |
| Depreciation | 69 | 53 | 62 | 64 | 83 | 96 | 95 | 90 | 77 | 67 | 71 |
| Interest | 0 | 4 | 4 | 3 | 4 | 5 | 4 | 3 | 5 | 3 | 3 |
| Profit Before Tax | 614 | 847 | 803 | 774 | 671 | 743 | 341 | 710 | 482 | 828 | 749 |
| Tax | 196 | 282 | 279 | 246 | 249 | 208 | 83 | 210 | 130 | 216 | 199 |
| Net Profit | 419 | 565 | 524 | 528 | 423 | 535 | 258 | 500 | 352 | 613 | 550 |
| EPS in ₹ | 3,639.73 | 4,272.83 | 24.51 | 26.65 | 23.06 | 29.18 | 14.06 | 27.28 | 9.61 | 16.72 | 15.10 |
Bharat Dynamics
2,015.50
+41.90
(2.12%)
Q4 Quarterly Results are out. Check out the updated financials1 day ago
View
Market Cap
72,344.80 Cr
EPS
16.72
PE Ratio
131.57
Dividend Yield
0.44 %
Industry
Aerospace & Defense52 Week High
1,991.50
52 Week Low
890.00
PB Ratio
18.03
Debt to Equity
0.00
Sector
Engineering
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from7 analysts
Company News
View All News
Bharat Dynamics: Q4 Results Below Expectations, Outlook Remains Positive1 day ago
Bharat Dynamics reported 108% YoY revenue growth to Rs 17.8 bn in Q4 FY25. Ebitda declined to Rs 2.9 bn from Rs 3.2 bn in Q4 FY24. Ebitda margin fell to 16.8% from 37% due to higher raw material costs and other expenses. Nirmal Bang maintains 'Hold' rating.
Bharat Dynamics: Nuvama Raises Price Target by 36% Despite Mixed Q4 Results2 days ago
Nuvama Institutional Equities maintains 'Buy' rating on Bharat Dynamics, raising price target to ₹2,250. Q4 revenue doubled to ₹1,777 crore, but EBITDA and net profit fell 5.5%. FY25 order inflows at ₹6,700 crore, with ₹22,800 crore order backlog. Brokerage expects 60% revenue CAGR for FY25-27E, citing eased supply chain disruptions and strong execution momentum.
Bharat Dynamics: Q4 Profit Dips, Margins Contract Despite Revenue Surge2 days ago
Bharat Dynamics Ltd.'s Q4 net profit fell 6% to Rs 272.77 crore, despite a 112.2% revenue increase to Rs 1,800.54 crore. EBITDA rose 4% to Rs 322.53 crore, but margins narrowed to 17.9% from 36.6%. Share price dropped over 6% following the results.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,974.10 | #1 3,34,434.30 | #1 40.01 | #1 32,277.70 | 12.87 | #1 7,621 | -7.71 | 62.22 | |
384.60 | 2,82,742.20 | 53.13 | 20,938.40 | 16.23 | 3,943 | 18.38 | 78.72 | |
3,478.20 | 1,51,315.90 | 54.98 | 10,568.10 | 24.13 | 1,809 | -50.94 | 60.12 | |
16,104.00 | 1,47,037.30 | 121.64 | 6,114.00 | -12.08 | 875 | 42.60 | 78.41 | |
2,015.50 | #5 72,344.80 | #10 131.57 | #6 2,731.10 | #8 3.26 | #5 613 | #8 -5.54 | 76.36 | |
3,003.20 | 35,396.60 | 67.02 | 3,892.30 | 40.87 | 357 | 118.91 | 77.92 | |
2,139.80 | 19,089.20 | 68.09 | 454.80 | #1 101.15 | 130 | #1 202.66 | 84.74 | |
2,848.20 | 16,019.30 | 72.23 | 113.70 | 2.06 | 4 | 60.48 | 68.56 | |
1,095.40 | 10,483.40 | 68.29 | 920.50 | 12.12 | 121 | 35.11 | 66.44 | |
423.80 | 8,192.40 | 73.93 | 1,102.60 | 21.20 | 92 | 21.38 | 70.24 |
Forecast
Actual
Growth Rate
Revenue Growth
3.26 %
Net Income Growth
73.96 %
Cash Flow Change
-80.67 %
ROE
53.60 %
ROCE
50.66 %
EBITDA Margin (Avg.)
54.34 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Total Assets | 8,441 | 9,660 | 8,380 | 6,598 | 5,468 | 5,685 | 5,962 | 6,564 | 8,672 | 10,340 |
| Fixed Assets | 394 | 693 | 757 | 868 | 957 | 932 | 915 | 874 | 809 | 824 |
| Current Assets | 7,669 | 8,640 | 7,256 | 5,318 | 4,310 | 4,574 | 4,899 | 5,523 | 7,600 | 9,239 |
| Capital Work in Progress | 142 | 126 | 136 | 130 | 47 | 42 | 22 | 41 | 74 | 73 |
| Investments | 0 | 3 | 3 | 239 | 4 | 4 | 5 | 0 | 0 | 0 |
| Other Assets | 7,905 | 8,838 | 7,484 | 5,361 | 4,461 | 4,707 | 5,021 | 5,649 | 7,790 | 9,444 |
| Total Liabilities | 8,441 | 9,660 | 8,380 | 6,598 | 5,468 | 5,685 | 5,962 | 6,564 | 8,672 | 10,340 |
| Current Liabilities | 4,928 | 6,588 | 5,687 | 4,232 | 2,919 | 2,315 | 2,521 | 2,581 | 2,206 | 3,006 |
| Non Current Liabilities | 1,979 | 1,272 | 499 | 410 | 281 | 764 | 756 | 952 | 3,255 | 3,698 |
| Total Equity | 1,534 | 1,800 | 2,195 | 1,956 | 2,269 | 2,607 | 2,685 | 3,031 | 3,212 | 3,637 |
| Reserve & Surplus | 1,419 | 1,702 | 2,073 | 1,773 | 2,085 | 2,424 | 2,502 | 2,847 | 3,028 | 3,454 |
| Share Capital | 115 | 98 | 122 | 183 | 183 | 183 | 183 | 183 | 183 | 183 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Cash Flow | -598 | 109 | -583 | -63 | -15 | 280 | 162 | -192 | 788 | -459 |
| Investing Activities | 239 | 149 | 3 | 1,047 | 170 | -33 | -734 | -573 | -1,171 | -722 |
| Operating Activities | -765 | 284 | -420 | -342 | 84 | 504 | 1,068 | 530 | 2,130 | 412 |
| Financing Activities | -72 | -324 | -166 | -769 | -268 | -191 | -173 | -149 | -171 | -148 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 |
| Promoter | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % | 74.93 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 3.10 % | 2.95 % | 3.05 % | 2.94 % | 3.09 % | 3.26 % |
| DIIs | 17.53 % | 17.92 % | 17.56 % | 17.36 % | 16.36 % | 14.57 % | 12.96 % | 12.39 % | 14.10 % | 13.68 % | 12.72 % | 13.32 % | 12.40 % | 9.52 % | 8.47 % | 8.71 % | 9.46 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 6.19 % | 5.77 % | 5.16 % | 5.14 % | 5.44 % | 6.73 % | 7.47 % | 7.73 % | 6.69 % | 6.64 % | 7.86 % | 7.27 % | 8.07 % | 10.83 % | 12.21 % | 11.74 % | 10.84 % |
| Others | 1.36 % | 1.39 % | 2.35 % | 2.57 % | 3.28 % | 3.78 % | 4.64 % | 4.95 % | 4.29 % | 4.76 % | 4.50 % | 1.39 % | 1.65 % | 1.67 % | 1.46 % | 1.53 % | 1.52 % |
| No of Share Holders | 1,31,206 | 1,24,298 | 1,16,642 | 1,10,498 | 1,12,648 | 1,55,036 | 1,69,869 | 1,77,596 | 1,66,501 | 1,67,183 | 1,96,566 | 2,05,887 | 2,48,158 | 4,98,630 | 5,90,374 | 5,94,284 | 5,67,591 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 1286 | 8.65 | 6.92 | 8.8 | 7.35 | 8.3 | 9.35 | 10.55 | 0.00 |
| Dividend Yield (%) | 0.00 | 648.41 | 6.11 | 7.47 | 5.29 | 2.68 | 1.68 | 1.07 | 0.82 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 27 May 2025 |  Quarterly Result Announcement | NA | 27 May 2025 | 1,824.20 | 1,909.40 |
| 14 Feb 2025 |  Dividend | ₹ 4.00 /share | 14 Feb 2025 | 1,215.35 | 1,167.70 |
| 06 Feb 2025 | Quarterly Result Announcement | NA | 06 Feb 2025 | 1,291.95 | 1,215.35 |
| 14 Nov 2024 | Quarterly Result Announcement | NA | 14 Nov 2024 | 1,115.55 | 979.60 |
| 30 Sept 2024 |  Annual General Meeting | NA | 30 Sept 2024 | 1,289.70 | 1,131.65 |
| 24 Sept 2024 | Dividend | ₹ 0.85 /share | 23 Sept 2024 | 1,540.70 | 1,161.90 |
| 21 Mar 2024 |  Split | 5:10 | 24 May 2024 | 809.78 | 809.78 |
| 02 Apr 2024 | Dividend | ₹ 8.85 /share | 02 Apr 2024 | 809.78 | 886.95 |
| 20 Sept 2023 | Dividend | ₹ 1.20 /share | 20 Sept 2023 | 532.50 | 527.50 |
| 20 Feb 2023 | Dividend | ₹ 8.15 /share | 20 Feb 2023 | 454.10 | 436.38 |
| 19 Sept 2022 | Dividend | ₹ 1.00 /share | 16 Sept 2022 | 353.75 | 460.98 |
| 24 Feb 2022 | Dividend | ₹ 7.30 /share | 23 Feb 2022 | 226.08 | 218.45 |
| 21 Sept 2021 | Dividend | ₹ 0.65 /share | 17 Sept 2021 | 178.15 | 193.43 |
| 20 Mar 2021 | Dividend | ₹ 6.70 /share | 18 Mar 2021 | 180.00 | 172.95 |
Announcements
Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations 2015
9 hours ago
9 hours agoCompliances-Reg.24(A)-Annual Secretarial Compliance2 days ago
2 days agoCorporate Action-Board approves Dividend2 days ago
2 days agoRumour verification - Regulation 30(11)2 days ago
2 days agoCorporate Action-Board to consider Dividend3 days ago
3 days agoClarification sought from Bharat Dynamics Ltd3 days ago
3 days agoAudited Financial Results For The Quarter And Year Ended 31 March 20253 days ago
3 days agoBoard Meeting Outcome for Outcome Of Board Meeting3 days ago
3 days agoBoard Meeting Intimation for Inter Alia Audited Standalone Financial Results For The Quarter And Year Ended 31St March 2025 And To Consider Final Dividend If Any.10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Change in DirectorateApr 23, 2025
Apr 23, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 18, 2025
Apr 18, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 08, 2025
Apr 08, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseApr 02, 2025
Apr 02, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderMar 26, 2025
Mar 26, 2025Closure of Trading WindowMar 20, 2025
Mar 20, 2025Integrated Filing (Financial)Feb 06, 2025
Feb 06, 2025Corporate Action-Board approves DividendFeb 06, 2025
Feb 06, 2025Board Meeting Outcome for Outcome Of Board MeetingFeb 06, 2025
Feb 06, 2025Financial Results For The Quarter And Nine Months Ended 31 Dec 2024Feb 06, 2025
Feb 06, 2025Board Meeting Intimation for Quarterly Results For The Quarter And Nine Months Ended On 31 Dec 2024Jan 24, 2025
Jan 24, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJan 16, 2025
Jan 16, 2025General UpdateJan 16, 2025
Jan 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 09, 2025
Jan 09, 2025Announcement under Regulation 30 (LODR)-CessationJan 01, 2025
Jan 01, 2025Announcement under Regulation 30 (LODR)-CessationDec 28, 2024
Dec 28, 2024Announcement under Regulation 30 (LODR)-Investor PresentationNov 29, 2024
Nov 29, 2024Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 27, 2024
Nov 27, 2024Announcement under Regulation 30 (LODR)-Credit RatingNov 19, 2024
Nov 19, 2024Financial Results For The Quarter And Half Year Ended 30 Sep 2024Nov 14, 2024
Nov 14, 2024Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sNov 05, 2024
Nov 05, 2024Board Meeting Intimation for Quarterly Financial ResultsNov 04, 2024
Nov 04, 2024Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Oct 14, 2024
Oct 14, 2024Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportOct 01, 2024
Oct 01, 2024Shareholder Meeting / Postal Ballot-Outcome of AGMSep 30, 2024
Sep 30, 2024Closure of Trading WindowSep 27, 2024
Sep 27, 2024Announcement under Regulation 30 (LODR)-Change in DirectorateSep 20, 2024
Sep 20, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 05, 2024
Sep 05, 2024Business Responsibility and Sustainability Reporting (BRSR)Sep 04, 2024
Sep 04, 2024Book Closure For 54Th AGMSep 04, 2024
Sep 04, 2024Reg. 34 (1) Annual Report.Sep 04, 2024
Sep 04, 2024Intimation Of 54Th Annual General MeetingSep 04, 2024
Sep 04, 2024Extension Of Additional Charge Of Director (Finance) To CMD, BDLSep 03, 2024
Sep 03, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 03, 2024
Sep 03, 2024Announcement under Regulation 30 (LODR)-Change in DirectorateAug 14, 2024
Aug 14, 2024Unaudited Financial Results 30 June 2024Aug 09, 2024
Aug 09, 2024Board Meeting Intimation for Inter Alia To Consider And Approve Unaudited Financial Results For The Quarter 30Th June 2024.Aug 01, 2024
Aug 01, 2024Announcement under Regulation 30 (LODR)-Change in ManagementJul 31, 2024
Jul 31, 2024Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Jul 10, 2024
Jul 10, 2024Closure of Trading WindowJun 28, 2024
Jun 28, 2024Announcement under Regulation 30 (LODR)-Investor PresentationJun 25, 2024
Jun 25, 2024Technical Indicators
RSI(14)
Neutral 74.54
ATR(14)
Volatile 93.75
STOCH(9,6)
Overbought 80.36
STOCH RSI(14)
Neutral 60.54
MACD(12,26)
Bullish 6.27
ADX(14)
Strong Trend 39.13
UO(9)
Bearish 54.20
ROC(12)
Uptrend But Slowing Down 11.75
WillR(14)
Neutral -22.38
Mutual Fund Holdings
| Funding House | No of Shares | Current Holding % | 1M Change % | 3M Change % | Month | |
|---|---|---|---|---|---|---|
 Motilal Oswal Focused Fund Direct-Growth | 575353 | 6.29% | 3.33% | 6.29% | Apr 2025 | |
 Samco Multi Asset Allocation Fund Direct-Growth | 30690 | 1.81% | 1.81% | 1.81% | Apr 2025 | |
 Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth | 159000 | 2.22% | 1.68% | 1.77% | Apr 2025 | |
 Invesco India Smallcap Fund Direct - Growth | 0 | 0.00% | -1.59% | -1.34% | Apr 2025 | |
| Samco ELSS Tax Saver Fund Direct - Growth | 17900 | 2.49% | 1.17% | 2.49% | Apr 2025 | |
 Taurus Mid Cap Fund Direct - Growth | 8200 | 1.05% | 1.05% | 1.05% | Apr 2025 | |
| Bank of India Midcap Tax Fund Series 1 Direct-Growth | 8370 | 2.20% | 0.98% | 1.20% | Apr 2025 | |
| Motilal Oswal ELSS Tax Saver Fund Direct-Growth | 1056315 | 4.15% | 0.81% | 1.30% | Apr 2025 | |
| Motilal Oswal Large and Midcap Fund Direct - Growth | 2558136 | 4.26% | 0.81% | 1.27% | Apr 2025 | |
| Samco Flexi Cap Fund Direct - Growth | 115914 | 4.00% | 0.68% | 4.00% | Apr 2025 | |
| Motilal Oswal Active Momentum Fund Direct - Growth | 12896 | 3.71% | 0.62% | 3.71% | Apr 2025 | |
| Bank of India Midcap Tax Fund Series 2 Direct-Growth | 4560 | 2.30% | 0.56% | 1.30% | Apr 2025 | |
| Samco Dynamic Asset Allocation Fund Direct - Growth | 16521 | 0.53% | 0.53% | 0.53% | Apr 2025 | |
| Invesco India PSU Equity Fund Direct-Growth | 338824 | 4.04% | 0.47% | 0.88% | Apr 2025 | |
| Motilal Oswal Nifty India Defence Index Fund Direct-Growth | 1322670 | 7.04% | 0.47% | 0.41% | Apr 2025 | |
 Aditya Birla Sun Life Nifty India Defence Index Fund Direct-Growth | 212352 | 7.04% | 0.44% | 0.43% | Apr 2025 | |
| Samco Multi Cap Fund Direct-Growth | 24558 | 1.08% | 0.40% | 1.08% | Apr 2025 | |
 Navi Nifty Midcap 150 Index Fund Direct - Growth | 0 | 0.00% | -0.37% | -0.31% | Apr 2025 | |
 Baroda BNP Paribas Manufacturing Fund Direct - Growth | 27000 | 0.33% | -0.32% | -0.36% | Apr 2025 | |
 Mahindra Manulife Multi Cap Fund Direct - Growth | 215000 | 0.65% | 0.32% | 0.65% | Apr 2025 | |
| Motilal Oswal Manufacturing Fund Direct-Growth | 220000 | 4.72% | -0.31% | 0.14% | Apr 2025 | |
| Bank of India Large & Mid Cap Equity Fund Direct-Growth | 20577 | 0.84% | 0.30% | 0.39% | Apr 2025 | |
 TRUSTMF Small Cap Fund Direct-Growth | 128723 | 2.32% | 0.30% | 1.44% | Apr 2025 | |
| Bank of India Manufacturing & Infrastructure Fund Direct-Growth | 53832 | 1.57% | 0.23% | 0.44% | Apr 2025 | |
 LIC MF Infrastructure Fund Direct-Growth | 88544 | 1.53% | 0.23% | 0.40% | Apr 2025 |
About Bharat Dynamics
Bharat Dynamics Limited (BDL) is an Indian defence public sector undertaking that manufactures guided missile systems and allied equipment for the Indian Armed Forces. Established in 1970 under the Ministry of Defence, BDL is the sole manufacturer in India for Surface to Air Missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), and torpedoes. The company operates manufacturing facilities in Hyderabad, Bhanur, and Vishakhapatnam, producing various missile systems, underwater weapons, launchers, and test equipment. BDL collaborates with the Defence Research and Development Organisation (DRDO) and foreign original equipment manufacturers. The company also provides product life cycle support, refurbishment, and life extension services for missiles. In recent years, BDL has expanded its capabilities, inaugurating new facilities for warhead manufacturing, RF seekers, and central storage. The company has begun exporting selected defense equipment and has formed strategic alliances with public and private sector companies. As of March 31, 2023, the Government of India holds a 74.93% stake in BDL.
Listing Date
23 Mar, 2018(7 Years,
7 days)
Website
Chairperson NameA. Madhavarao
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