Capital Goods · NIFTY 500
Bharat Dynamics Limited
₹1,055.10 -44.90 (-4.08%) Updated 12 Nov, 6:47 pm IST
Today
- Open
- ₹1,100.60
- Prev close
- ₹1,100.00
- Day high
- ₹1,129.00
- Day low
- ₹1,026.50
- Volume
- 56.09 L
- Value traded
- ₹602.64 Cr
- Upper circuit
- ₹1,091.10
- Lower circuit
- ₹1,027.60
- 52W high
- ₹1,633.40
- 52W low
- ₹974.00
- 1 month
- +0.90%
- 6 months
- -24.36%
Ratios
Key numbers
Worked out from the latest filings (Standalone) and today's price. TTM = last four quarters.
Quarterly results
Results for each quarter
Last 12 quarters, standalone, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Revenue · QoQ (vs last quarter)
Revenue · YoY (vs a year ago)
Net profit · QoQ (vs last quarter)
Net profit · YoY (vs a year ago)
EPS (₹) · YoY (vs a year ago)
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 602 | 854 | 191 | 545 | 832 | 1,777 | 248 | 1,147 | 567 | 480 | 572 | 1,664 |
| Other income | 87.6 | 88.5 | 80.4 | 86.0 | 84.4 | 99.6 | 86.9 | 121 | 97.2 | 119 | 103 | 167 |
| Total income | 689 | 943 | 272 | 631 | 917 | 1,877 | 335 | 1,268 | 664 | 599 | 676 | 1,831 |
| Raw material | 136 | 627 | 175 | 210 | 325 | 1,390 | 207 | 782 | 464 | 544 | 188 | 392 |
| Purchases | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Employee cost | 182 | 154 | 147 | 142 | 122 | 138 | 132 | 162 | 138 | 104 | 136 | 128 |
| Other expenses | 84.2 | 99.3 | 64.2 | 80.3 | 214 | 288 | 102 | 146 | 71.4 | 141 | 75.4 | 98.8 |
| Total expenses | 500 | 555 | 260 | 464 | 724 | 1,498 | 312 | 980 | 561 | 445 | 510 | 1,585 |
| Operating profit | 119 | 316 | -52.3 | 98.8 | 127 | 299 | -45.4 | 188 | 26.0 | 55.2 | 83.1 | 101 |
| OPM % | 19.7% | 37.0% | -27.4% | 18.1% | 15.2% | 16.8% | -18.3% | 16.3% | 4.6% | 11.5% | 14.5% | 6.1% |
| Finance cost | 0.8 | 0.8 | 1.2 | 0.7 | 0.7 | 0.7 | 0.7 | 1.3 | 0.7 | 0.7 | 0.6 | 0.9 |
| Depreciation | 16.5 | 16.3 | 15.7 | 17.7 | 17.7 | 19.7 | 17.7 | 19.1 | 19.3 | 19.8 | 20.2 | 21.1 |
| Profit before tax | 189 | 388 | 11.2 | 166 | 193 | 378 | 23.1 | 288 | 103 | 154 | 166 | 246 |
| Tax | 54.1 | 99.1 | 4.0 | 43.9 | 45.8 | 105 | 4.8 | 71.7 | 30.3 | 40.7 | 46.8 | 62.7 |
| Net profit | 135 | 289 | 7.2 | 123 | 147 | 273 | 18.3 | 216 | 72.9 | 113 | 119 | 183 |
| EPS (₹) | 7.37 | 7.88 | 0.20 | 3.34 | 4.01 | 7.44 | 0.50 | 5.89 | 1.99 | 3.09 | 3.24 | 5.01 |
Profit & loss
Results for each year
8 financial years (April to March), standalone, ₹ crore.
Sales, operating profit and net profit
Revenue · YoY (vs a year ago)
Net profit · YoY (vs a year ago)
| ₹ Cr | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,069 | 3,095 | 1,914 | 2,817 | 2,489 | 2,369 | 3,345 | 2,442 |
| Other income | 136 | 116 | 94.6 | 111 | 155 | 362 | 350 | 424 |
| Total expenses | 2,534 | 2,469 | 1,667 | 2,185 | 2,163 | 1,903 | 2,947 | 2,298 |
| Employee cost | 534 | 534 | 501 | 571 | 532 | 600 | 549 | 536 |
| Operating profit | 622 | 728 | 345 | 692 | 408 | 537 | 472 | 223 |
| OPM % | 20.3% | 23.5% | 18.0% | 24.6% | 16.4% | 22.6% | 14.1% | 9.1% |
| Finance cost | 4.2 | 4.7 | 3.9 | 3.4 | 4.5 | 3.1 | 3.3 | 3.4 |
| Depreciation | 82.5 | 96.4 | 94.5 | 90.4 | 77.3 | 67.0 | 70.7 | 75.9 |
| Profit before tax | 671 | 742 | 341 | 710 | 482 | 828 | 749 | 568 |
| Tax | 249 | 208 | 83.1 | 210 | 130 | 216 | 199 | 147 |
| Tax rate % | 37.1% | 28.0% | 24.4% | 29.6% | 26.9% | 26.0% | 26.6% | 26.0% |
| Net profit | 423 | 535 | 258 | 500 | 352 | 613 | 550 | 420 |
| Profit to shareholders | 0.0 | — | — | — | — | — | — | — |
| Net margin % | 0.0% | 17.3% | 13.5% | 17.7% | 14.1% | 25.9% | 16.4% | 17.2% |
| EPS (₹) | 23.06 | 29.18 | 14.06 | 27.28 | 19.22 | 16.72 | 14.99 | 11.47 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Shareholders' equity · YoY (vs a year ago)
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 3,211 | 3,637 | 4,009 | 4,241 | 4,527 |
| Long-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Short-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current liabilities | 2,206 | 3,006 | 4,360 | 6,346 | 6,421 |
| Fixed assets (PPE) | 646 | 672 | 667 | 700 | 687 |
| Inventories | 1,822 | 1,982 | 2,645 | 4,626 | 4,685 |
| Trade receivables | 185 | 310 | 826 | 423 | 619 |
| Cash & equivalents | 1,053 | 594 | 134 | 863 | 947 |
| Current assets | 7,600 | 9,239 | 10,378 | 12,757 | 15,002 |
| Total assets | 8,672 | 10,340 | 11,742 | 14,261 | 16,558 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
Operations · YoY (vs a year ago)
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 530 | 2,130 | 412 | 167 | 604 |
| Cash from investing | -573 | -1,171 | -722 | -407 | 320 |
| Cash from financing | -149 | -171 | -148 | -220 | -194 |
| Spent on fixed assets | -101 | -108 | -80.7 | -108 | -217 |
| Free cash flow | 429 | 2,022 | 331 | 59.3 | 387 |
| Net cash flow | -192 | 788 | -459 | -460 | 729 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Latest (30 Sep 2026)
- Promoter & group
- 74.93%
- Public (FIIs, mutual funds, retail…)
- 25.07%
- Promoter change, last quarter
- 0.00 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Re 0.40 Per Share
- Interim Dividend - Rs 4.50 Per Share
- Dividend - Re 0.65 Per Share
- Interim Dividend - Rs 4 Per Share
- Annual General Meeting/Dividend - Rs 0.85 Per Share
- Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share
- Interim Dividend - Rs 8.85 Per Share
- Annual General Meeting/Dividend - Rs 1.20 Per Share
Board meetings
- Bharat Dynamics Limited has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Fina…
- the financial results for the period ended September 30, 2026
- Bharat Dynamics Limited has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to inter-alia consider and approve the Unaudited Fina…
- the financial results for the period ended Jun 30, 2026
- Bharat Dynamics Limited has informed the Exchange about Board Meeting to be held on 14-Aug-2026 to inter-alia consider and approve the Unaudited Fina…
Filings with NSE
- Outcome of Board Meeting
- Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Change in Director(s)
- Bagging/Receiving of orders/contracts
- Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Change in Director(s)
- Shareholders meeting
Latest news
Bharat Dynamics shares plunge 3% after defence major’s profit drops 15% to Rs 183 crore in Q2Moneycontrol.com · 12 Nov, 2:04 pmBharat Dynamics shares plunge 3% after defence major’s profit drops 15% to Rs 183 crore in Q2TradingView · 12 Nov, 2:04 pmBharat Dynamics Q2 Results: Shares tumble 4% after weak earnings; operating profit falls 57% - CNBC TV18LinkedIn · 12 Nov, 3:10 pmBharat Dynamics Q2 FY27 results: Net profit drops 15% YoY; revenue increases to ₹1,664 croreUpstox · 12 Nov, 2:23 pmBharat Dynamics Q2 Results: Shares tumble 4% after weak earnings; operating profit falls 57%CNBC TV18 · 12 Nov, 2:13 pmBharat Dynamics Wins ₹1,307 Crore Indian Navy OrderHDFC Sky · 15 Oct, 12:30 pmWhere Will Bharat Dynamics Share Price be in the Next 5 Years?Equitymaster · 25 Sep, 12:30 pmBharat Dynamics Share Price Down 1% at Fresh 52-Week LowUnivest · 28 Oct, 12:30 pmAbout
About Bharat Dynamics Limited
Bharat Dynamics Limited (BDL) is one of India's manufacturers of ammunitions and missile systems. It was founded in 1970 in Hyderabad, India. BDL has been working in collaboration with the Defence Research and Development Organisation and foreign original equipment manufacturers (OEMs) for manufacturing and supplying various missiles and allied equipment to Indian Armed Forces. The company began by producing a first-generation anti-tank guided missile — the French SS11B1. While fulfilling its basic role as a weapons system manufacturer, BDL has built up in-house research and development capabilities, primarily focusing on design and engineering activities. BDL has three manufacturing units, located at Kanchanbagh, Hyderabad; Bhanur, Medak district, and Visakhapatnam, Andhra Pradesh.
From Wikipedia (CC BY-SA 4.0).
Company details
- Company name
- Bharat Dynamics Limited
- NSE symbol
- BDL
- BSE scrip code
- 541143
- ISIN
- INE171Z01026
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 23 Mar 2018
- Face value
- ₹5 per share
- Market lot
- 1 share
- Shares issued
- 36.66 crore
- Index
- NIFTY 500
- Sector (NSE)
- Capital Goods
- Industry
- Aerospace & Defense
- Managing director / CEO
- Shailesh Vagerwal
- Chair
- Shailesh Vagerwal
- Headquarters
- Hyderabad, Telangana, India
- Registered address
- Plot No.38-39, TSFC Building, Near ICICI Towers, Financial District, Nanakramguda HYDERABAD TG 500032 IN
- Founded
- 1970
- Employees
- 2,101
- Financial year
- April to March
- Results basis
- Standalone
- Website
- bdl-india.in
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.