| Annual Financials | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 3,281 | 4,565 | 5,187 | 4,760 | 3,205 | 3,193 | 2,008 | 2,929 | 2,645 | 2,731 | 3,696 | 3,759 |
| Expenses | 2,597 | 3,660 | 4,318 | 3,920 | 2,447 | 2,349 | 1,569 | 2,091 | 2,081 | 1,833 | 2,873 | 2,923 |
| EBITDA | 684 | 904 | 869 | 841 | 758 | 844 | 439 | 837 | 564 | 898 | 823 | 836 |
| Operating Profit % | 7 % | 12 % | 12 % | 15 % | 20 % | 24 % | 18 % | 26 % | 16 % | 23 % | 14 % | 5 % |
| Depreciation | 69 | 53 | 62 | 64 | 83 | 96 | 95 | 90 | 77 | 67 | 71 | 73 |
| Interest | 0 | 4 | 4 | 3 | 4 | 5 | 4 | 3 | 5 | 3 | 3 | 3 |
| Profit Before Tax | 614 | 847 | 803 | 774 | 671 | 743 | 341 | 710 | 482 | 828 | 749 | 761 |
| Tax | 196 | 282 | 279 | 246 | 249 | 208 | 83 | 210 | 130 | 216 | 199 | 200 |
| Net Profit | 419 | 565 | 524 | 528 | 423 | 535 | 258 | 500 | 352 | 613 | 550 | 561 |
| EPS in ₹ | 3,639.73 | 4,272.83 | 24.51 | 26.65 | 23.06 | 29.18 | 14.06 | 27.28 | 19.21 | 16.72 | 14.99 | 15.30 |
Bharat Dynamics
Bharat Dynamics
1,535.80
+20.70
(1.37%)
Key Fundamentals
Market Cap
56,296.67 Cr
EPS
14.99
PE Ratio
99.01
Dividend Yield
0.31 %
Industry
Aerospace & Defense 52 Week High
2,096.60
52 Week Low
890.00
PB Ratio
13.85
Debt to Equity
0.00
Sector
Engineering Analyst Rating and Forecast
- By Refinitiv from10 analysts
Actual
Company News
View All News
Bharat Dynamics shares opened 3% higher following the Defence Acquisition Council's approval of procurement proposals worth ₹79,000 crore for Indian armed forces equipment. The company is expected to receive significant orders from this approval, including nearly ₹2,000 crore for the Nag Missile System (Tracked) Mk-II for the Indian Army and ₹500-1,000 crore for Advanced Light Weight Torpedoes. Defence analyst Jyoti Gupta from Nirmal Bang expects the company's September quarter results to exceed expectations, anticipating revenue growth potentially higher than the projected 33%. New orders are expected to reflect in revenue from the fourth quarter onwards.
Bharat Dynamics is planning to invest up to Rs 12 billion in a missile manufacturing unit in Andhra Pradesh. The investment proposal may be reviewed by the cabinet in their next meeting.
Bharat Dynamics Ltd. reported consolidated net profit of Rs 18 crore in the June quarter, more than doubling from Rs 7 crore in the same period last year. The defence firm's revenue increased 29.7% to Rs 247.92 crore compared to Rs 191.16 crore in the previous year. However, the company posted an Ebitda loss of Rs 45.4 crore, which was an improvement from the Rs 52.3 crore loss in the year-ago period.
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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 |
|---|---|---|---|---|---|---|---|---|
4,686.70 | #1 3,13,434.78 | #1 37.41 | #1 33,542.60 | 3.92 | #1 8,364 | -3.71 | 38.32 | |
413.55 | 3,02,295.90 | 54.51 | 24,511.10 | 17.06 | 5,287 | 22.46 | 51.61 | |
13,883.00 | 1,25,627.34 | 93.82 | 7,611.10 | 24.49 | 1,288 | 17.34 | 44.81 | |
2,752.00 | 1,11,010.18 | 47.41 | 12,553.10 | 18.78 | 2,277 | 28.10 | 38.95 | |
1,535.80 | #5 56,296.67 | #9 99.01 | #6 3,695.50 | #4 35.31 | #5 550 | #1 155.56 | 46.93 | |
2,565.00 | 29,382.59 | 52.25 | 5,410.50 | 39.01 | 527 | 37.84 | 44.57 | |
2,740.40 | 15,341.85 | 70.73 | 113.70 | 2.06 | 4 | -22.26 | 46.36 | |
1,373.00 | 12,396.87 | 45.82 | 1,032.00 | #1 126.91 | 299 | -2.37 | 43.42 | |
1,042.70 | 9,899.92 | 61.69 | 1,068.70 | 16.10 | 154 | 126.39 | 46.86 | |
278.30 | 9,282.21 | 144.23 | 565.00 | 51.27 | 56 | 110.71 | 40.14 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
35.31 %
Net Income Growth
-10.30 %
Cash Flow Change
-59.34 %
ROE
-18.64 %
ROCE
-10.06 %
EBITDA Margin (Avg.)
-32.32 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 8,441 | 9,660 | 8,380 | 6,598 | 5,468 | 5,685 | 5,962 | 6,564 | 8,672 | 10,340 | 11,743 |
| Fixed Assets | 394 | 693 | 757 | 868 | 957 | 932 | 915 | 874 | 809 | 824 | 857 |
| Current Assets | 7,669 | 8,640 | 7,256 | 5,318 | 4,310 | 4,574 | 4,899 | 5,523 | 7,600 | 9,239 | 10,378 |
| Capital Work in Progress | 142 | 126 | 136 | 130 | 47 | 42 | 22 | 41 | 74 | 73 | 230 |
| Investments | 0 | 3 | 3 | 239 | 4 | 4 | 5 | 0 | 0 | 0 | 4 |
| Other Assets | 7,905 | 8,838 | 7,484 | 5,361 | 4,461 | 4,707 | 5,021 | 5,649 | 7,790 | 9,444 | 10,651 |
| Total Liabilities | 8,441 | 9,660 | 8,380 | 6,598 | 5,468 | 5,685 | 5,962 | 6,564 | 8,672 | 10,340 | 11,743 |
| Current Liabilities | 4,928 | 6,588 | 5,687 | 4,232 | 2,919 | 2,315 | 2,521 | 2,581 | 2,206 | 3,006 | 4,360 |
| Non Current Liabilities | 1,979 | 1,272 | 499 | 410 | 281 | 764 | 756 | 952 | 3,255 | 3,698 | 3,373 |
| Total Equity | 1,534 | 1,800 | 2,195 | 1,956 | 2,269 | 2,607 | 2,685 | 3,031 | 3,212 | 3,637 | 4,009 |
| Reserve & Surplus | 1,419 | 1,702 | 2,073 | 1,773 | 2,085 | 2,424 | 2,502 | 2,847 | 3,028 | 3,454 | 3,826 |
| Share Capital | 115 | 98 | 122 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -598 | 109 | -583 | -63 | -15 | 280 | 162 | -192 | 788 | -459 | -460 |
| Investing Activities | 239 | 149 | 3 | 1,047 | 170 | -33 | -734 | -573 | -1,171 | -722 | -407 |
| Operating Activities | -765 | 284 | -420 | -342 | 84 | 504 | 1,068 | 530 | 2,130 | 412 | 167 |
| Financing Activities | -72 | -324 | -166 | -769 | -268 | -191 | -173 | -149 | -171 | -148 | -220 |
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 | Jun 2025 | Sept 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 % | 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 % | 3.77 % | 2.43 % |
| 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 % | 10.10 % | 11.30 % |
| 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 % | 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 % | 9.86 % | 10.01 % |
| 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 % | 1.34 % | 1.32 % |
| 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 | 5,41,535 | 5,37,004 |
Dividend History
| 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 | 4.65 |
| Dividend Yield (%) | 0.00 | 648.41 | 6.11 | 7.47 | 5.29 | 2.68 | 1.68 | 1.07 | 0.82 | 0.31 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Mar 2021 |  Dividend | ₹ 6.70 /share | 18 Mar 2021 | 180.00 | 172.95 |
| 21 Sept 2021 | Dividend | ₹ 0.65 /share | 17 Sept 2021 | 178.15 | 193.43 |
| 24 Feb 2022 | Dividend | ₹ 7.30 /share | 23 Feb 2022 | 226.08 | 218.45 |
| 19 Sept 2022 | Dividend | ₹ 1.00 /share | 16 Sept 2022 | 353.75 | 460.98 |
| 20 Feb 2023 | Dividend | ₹ 8.15 /share | 20 Feb 2023 | 454.10 | 436.38 |
| 20 Sept 2023 | Dividend | ₹ 1.20 /share | 20 Sept 2023 | 532.50 | 527.50 |
| 02 Apr 2024 | Dividend | ₹ 8.85 /share | 02 Apr 2024 | 809.78 | 886.95 |
| 21 Mar 2024 |  Split | 5:10 | 24 May 2024 | 809.78 | 809.78 |
| 24 Sept 2024 | Dividend | ₹ 0.85 /share | 23 Sept 2024 | 1,540.70 | 1,161.90 |
| 30 Sept 2024 |  Annual General Meeting | NA | 30 Sept 2024 | 1,289.70 | 1,131.65 |
| 14 Nov 2024 |  Quarterly Result Announcement | NA | 14 Nov 2024 | 1,115.55 | 979.60 |
| 06 Feb 2025 | Quarterly Result Announcement | NA | 06 Feb 2025 | 1,291.95 | 1,215.35 |
| 14 Feb 2025 | Dividend | ₹ 4.00 /share | 14 Feb 2025 | 1,215.35 | 1,167.70 |
| 27 May 2025 | Quarterly Result Announcement | NA | 27 May 2025 | 1,824.20 | 1,909.40 |
| 12 Aug 2025 | Quarterly Result Announcement | NA | 12 Aug 2025 | 1,620.75 | 1,517.05 |
| 19 Sept 2025 | Dividend | ₹ 0.65 /share | 19 Sept 2025 | 1,909.40 | 1,608.80 |
| 26 Sept 2025 | Annual General Meeting | NA | 26 Sept 2025 | 1,458.70 | 1,555.90 |
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Oct 16, 2025
Oct 16, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 30, 2025
Sep 30, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 29, 2025
Sep 29, 2025Closure of Trading WindowSep 29, 2025
Sep 29, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 03, 2025
Sep 03, 2025Business Responsibility and Sustainability Reporting (BRSR)Sep 02, 2025
Sep 02, 2025Intimation Of Record Date For 55Th Annual General MeetingSep 02, 2025
Sep 02, 2025Reg. 34 (1) Annual Report.Sep 02, 2025
Sep 02, 2025Intimation Of 55Th Annual General MeetingSep 02, 2025
Sep 02, 2025Imposition Of Fine By NSE And BSE For The Quarter Ended 30 June 2025Aug 30, 2025
Aug 30, 2025Financial Results For The Quarter Ended 30.06.2025Aug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 31, 2025
Jul 31, 2025Board Meeting Intimation for Inter Alia To Consider And Approve Unaudited Financial Results For The Quarter Ended 30 June 2025Jul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateJul 15, 2025
Jul 15, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 09, 2025
Jul 09, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AJun 16, 2025
Jun 16, 2025Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations 2015May 30, 2025
May 30, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 28, 2025
May 28, 2025Corporate Action-Board approves DividendMay 27, 2025
May 27, 2025Rumour verification - Regulation 30(11)May 27, 2025
May 27, 2025Corporate Action-Board to consider DividendMay 27, 2025
May 27, 2025Clarification sought from Bharat Dynamics LtdMay 27, 2025
May 27, 2025Audited Financial Results For The Quarter And Year Ended 31 March 2025May 27, 2025
May 27, 2025Board Meeting Outcome for Outcome Of Board MeetingMay 27, 2025
May 27, 2025Board 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.May 20, 2025
May 20, 2025Announcement 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, 2024Mutual Fund Holdings
Invesco India Arbitrage Fund Direct-Growth 
HDFC Defence Fund Direct - Growth 
Kotak Arbitrage Fund Direct-Growth 
Motilal Oswal Nifty India Defence Index Fund Direct-Growth 
Bandhan Arbitrage Fund Direct-Growth 
Edelweiss Arbitrage Fund Direct-Growth 
Axis Arbitrage Fund Direct-Growth 
Tata Arbitrage Fund Direct - Growth 
UTI Arbitrage Fund Direct-Growth 
Samco Active Momentum Fund Direct - Growth 
Bank of India Manufacturing & Infrastructure Fund Direct-Growth 
TRUSTMF Flexi Cap Fund Direct - Growth 
SBI Arbitrage Opportunities Fund Direct-Growth 
ICICI Prudential Equity Arbitrage Direct-Growth 
Sundaram Arbitrage Fund Direct-Growth 
Aditya Birla Sun Life Nifty India Defence Index Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 46.93
ATR(14)
Less Volatile 39.34
STOCH(9,6)
Neutral 47.86
STOCH RSI(14)
Neutral 55.07
MACD(12,26)
Bullish 0.74
ADX(14)
Weak Trend 13.62
UO(9)
Bearish 39.39
ROC(12)
Uptrend And Accelerating 0.38
WillR(14)
Neutral -61.48
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,
8 days)
Website
Chairperson NameA. Madhavarao
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