BDL · NSE
Bharat Dynamics Limited
₹1,196.6
+3.88% (+₹44.7)
Prev. close
₹1,151.9
Volume
7,41,593
Delivery %
35.5%
As of
18 Sept 2026
Price history
HSBC Analysis · HSBC · 16 Sept 2026
“Initiated 'hold' on Bharat Dynamics with a target price of ₹1,370, indicating a 20% upside. The defence sector is expanding its industrial base with increased domestic production and procurement, forecasting strong growth in orders due to rising government spending and booming exports over the next decade. However, rich valuations create elevated earnings growth expectations, leaving little room for execution missteps.”
Published mid-session at 14:38 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts are split
3 analyst stances · last 90 days · one per analyst
Trackable
2 · 1 bull / 1 neutral / 0 bear
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Initiated 'hold' on Bharat Dynamics with a target price of ₹1,370, indicating a 20% upside. The defence sector is expand…” | HSBC AnalysisHSBC | Bharat Dynamics Ltd | PENDING | ||||
“Initiated 'hold' on Bharat Dynamics with a target price of ₹1,370, indicating a 20% upside. The defence sector is expanding its industrial base with increased domestic production and procurement, forecasting strong growth in orders due to rising government spending and booming exports over the next decade. However, rich valuations create elevated earnings growth expectations, leaving little room for execution missteps.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Recommends buying Bharat Dynamics for intraday trading at ₹1299, targeting ₹1360 with a stop loss at ₹1272.” | Vaishali ParekhPrabhudas Lilladher | Bharat Dynamics Limited | NOT GRADED | ||||
Market commentary · 1 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Bharat Dynamics (BDL) for the next few trading sessions, targeting ₹1,340 with a trend decider level at ₹1,21…” | Amol AthawaleKotak Securities | Bharat Dynamics Ltd | PENDING |
Fundamentals
About Bharat Dynamics Limited
Bharat Dynamics Limited manufactures and sells guided missiles, underwater weapons, air-borne products, and allied defense equipment in India. The company offers light weight torpedoes, Varunastra or heavy-weight torpedoes, medium-range surface-to-air missile, dishani, quick reaction surface-to-air missile, multi-influential ground mines, vertically launched-short range surface-to-air missile, flame, Konkurs launcher test equipment, Akash and Astra weapon systems, Konkurs missile test equipment, anti-submarine warfare suite, counter measures dispensing system, smart anti-airfield weapon, anti-torpedo decoy launching system, Helina, Amogha, man portable ATGM, NAG ATGM, Invar, Konkurs-M ATGM, Milan2T ATGM, and unified launchers. It also exports its products. Bharat Dynamics Limited was incorporated in 1970 and is headquartered in Hyderabad, India.
Details
Sector
Industrials
Industry
Aerospace & Defense
CEO
Mr. Nagula Nagaraja
Headquarters
Hyderabad
Employees
2,101
Website
bdl-india.inExchange
View on NSE ↗Key stats
Market cap
₹42,224.33 Cr
P/E ratio (TTM)
80.0
Dividend yield
0.43%
EPS (TTM)
₹14.40
Beta (1Y · daily vs NIFTY 50)
1.41
Beta (5Y · monthly vs NIFTY 50)
1.85
Shares float
9.19 Cr
EPS · quarter ended Jun 2026
₹3.24
Upcoming earnings
12 Nov 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (standalone), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.4% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,913.76 Cr | ₹2,817.40 Cr | ₹2,489.39 Cr | ₹2,369.28 Cr | ₹3,345.05 Cr | ₹2,441.79 Cr | |
| EBITDA | ₹439.33 Cr | ₹837.28 Cr | ₹563.60 Cr | ₹898.38 Cr | ₹822.77 Cr | ₹647.14 Cr |
| ₹257.77 Cr | ₹499.92 Cr | ₹352.17 Cr | ₹612.72 Cr | ₹549.65 Cr | ₹420.34 Cr | |
| Diluted EPS | ₹7.03 | ₹13.64 | ₹9.61 | ₹16.72 | ₹14.99 | ₹11.47 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹6,030.00 Cr | ₹6,636.00 Cr | ₹8,756.00 Cr | ₹10,426.00 Cr | ₹11,814.00 Cr | ₹14,262.00 Cr | |
| — | ₹6.53 Cr | ₹5.21 Cr | ₹3.74 Cr | ₹2.12 Cr | ₹31.52 L | |
| Stockholders' equity | ₹2,684.00 Cr | ₹3,030.00 Cr | ₹3,211.00 Cr | ₹3,637.00 Cr | ₹4,009.00 Cr | ₹4,241.00 Cr |
Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,068.00 Cr | ₹530.00 Cr | ₹2,130.00 Cr | ₹412.00 Cr | ₹167.00 Cr | ₹604.00 Cr | |
| Investing cash flow | ₹-733.78 Cr | ₹-573.01 Cr | ₹-1,171.03 Cr | ₹-722.40 Cr | ₹-407.13 Cr | ₹319.61 Cr |
| ₹-173.00 Cr | ₹-149.00 Cr | ₹-171.00 Cr | ₹-148.00 Cr | ₹-220.00 Cr | ₹-194.00 Cr | |
| Capital expenditure | ₹-57.00 Cr | ₹-102.00 Cr | ₹-108.00 Cr | ₹-81.00 Cr | ₹-283.00 Cr | ₹-229.00 Cr |
| End cash position | ₹456.92 Cr | ₹265.04 Cr | ₹1,052.88 Cr | ₹593.84 Cr | ₹133.86 Cr | ₹863.31 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Jun 26(20Q) |
|---|---|
| Promoter | 74.93% |
| Public | 25.07% |
| Employee trusts | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| Bharat Dynamics Limited | ₹43,620.94 Cr | ₹1,190 | 84.0 | 10.29 | 9.9% | 0.00 | -27.3% | -25.8% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 15
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
31 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.