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Bharat Dynamics Ltd.

Capital GoodsAerospace & Defense

www.bdl-india.in BSE: 541143NSE: BDL

₹1,246.00BSE0.90%

07 Sep, 4:01 PM

₹1,246.00

₹45.67K Cr

87.70

10.51

10.23%

₹1,266.50

₹1,239.90

₹1,655.25

₹1,090.00

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Price Performance

Peer Comparison

Name
HAL HAL	4,856.20	35.00	3,24,770.52	0.93	1,580.61	14.77%	5,515.28	14.45%	32.02
BHARAT ELECT BEL	404.50	48.25	2,95,680.55	0.62	1,048.33	8.17%	5,533.06	25.27%	37.26
Bharat Dynamics Ltd. BDL	1,246.00	87.70	45,673.69	0.39	118.79	547.36%	572.24	130.81%	13.91
DATAPATTNS DATAPATTNS	4,590.50	95.92	25,699.44	0.22	22.06	-13.49%	116.03	16.81%	23.18
ASTRA MICRO ASTRAMICRO	1,725.00	92.94	16,378.01	0.14	9.82	-24.42%	176.20	-10.67%	19.48
ZEN TECH ZENTEC	1,794.65	117.47	16,204.42	0.06	29.21	-21.30%	102.96	-7.29%	11.20
AEQUS AEQUS	233.90	315.00	15,686.87	0.00	4.07	5.64%	38.52	35.49%	4.63
APOLLO APOLLO	403.90	116.36	15,008.90	0.06	27.83	43.28%	155.89	16.70%	14.52

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	854.12	191.17	544.77	832.14	1,776.98	247.93	1,147.03	566.63	480.20	572.24
Expenses	537.72	243.49	445.93	705.26	1,478.00	293.30	959.52	540.65	424.96	489.16
	316.41	-52.32	98.84	126.87	298.97	-45.37	187.51	25.99	55.24	83.08
	37.04%	-27.37%	18.14%	15.25%	16.82%	-18.30%	16.35%	4.59%	11.50%	14.52%
	88.49	80.38	86.03	84.42	99.57	86.86	120.57	97.17	119.17	103.44
Interest	0.77	1.16	0.73	0.71	0.71	0.70	1.35	0.67	0.67	0.64
	16.25	15.67	17.67	17.70	19.65	17.66	19.12	19.31	19.85	20.25
	387.87	11.23	166.47	192.88	378.18	23.13	287.61	103.18	153.89	165.63
	25.55%	35.76%	26.39%	23.72%	27.87%	20.68%	24.94%	29.32%	26.45%	28.28%
	288.78	7.22	122.53	147.13	272.77	18.35	215.88	72.92	113.18	118.79
	7.88	0.20	3.34	4.01	7.44	0.50	5.89	1.99	3.09	3.24

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	2,817.40	2,489.39	2,369.28	3,345.05	2,441.79
	2,817.40	2,489.39	2,369.28	3,345.05	2,441.79
EXPENDITURE :
Increase/Decrease in Stock	-84.36	-19.04	-222.63	-421.86	-773.06
Raw Material Consumed	1,259.62	1,206.09	1,108.41	2,058.01	1,972.76
Power & Fuel Cost	26.08	25.15	28.59	29.56	28.72
Employee Cost	570.66	532.46	600.01	548.80	535.57
Other Manufacturing Expenses	76.33	77.41	96.65	119.86	103.02
General and Administration Expenses	78.72	87.54	88.78	96.70	98.90
Selling and Distribution Expenses	17.80	25.88	28.35	129.13	80.32
Miscellaneous Expenses	145.16	144.69	104.13	311.65	171.00
	2,090.01	2,080.18	1,832.29	2,871.85	2,217.23
Operating Profit (Excl OI)	727.39	409.21	536.99	473.20	224.56
	111.21	155.40	361.89	350.42	423.78
	838.60	564.61	898.88	823.62	648.34
Interest	4.75	5.55	3.60	4.16	4.59
PBDT	833.85	559.06	895.27	819.46	643.75
	90.35	77.26	67.04	70.70	75.93
Profit Before Taxation & Exceptional Items	743.50	481.80	828.24	748.76	567.82
Exceptional Income / Expenses	-33.59
	709.91	481.80	828.24	748.76	567.82
Provision for Tax	209.99	129.63	215.51	199.12	147.48
	499.92	352.17	612.72	549.65	420.34
Extra items				0.00	0.00
Consolidated Net Profit	499.92	352.17	612.72	549.65	420.34
Profit Balance B/F	72.43	26.65	55.79	84.31	56.17
Appropriations	572.36	378.82	668.51	633.96	476.51
Equity Dividend %	83.00%	93.50%	105.50%	93.00%	98.00%
	27.28	19.22	33.43	14.99	11.47
Adjusted EPS	13.64	9.61	16.72	14.99	11.47

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	183.28	183.28	183.28	183.28	183.28
Total Reserves	2,847.28	3,028.22	3,453.54	3,825.67	4,057.69
Reserve excluding Revaluation Reserve	2,847.28	3,028.22	3,453.54	3,825.67	4,057.69
	3,030.56	3,211.50	3,636.82	4,008.95	4,240.97
Deferred Tax Assets / Liabilities	-57.11	-56.42	-70.73	-122.73	-91.16
Other Long Term Liabilities	907.61	3,254.60	3,697.07	3,372.93	3,674.24
Long Term Provisions	44.66	0.37	0.40	0.43	0.47
Total Non-Current Liabilities	895.16	3,198.55	3,626.74	3,250.63	3,583.55
Trade Payables	552.47	464.38	798.39	1,505.56	2,834.78
Other Current Liabilities	1,719.28	1,389.87	1,807.45	2,345.61	3,114.43
Short Term Provisions	309.31	351.72	399.92	509.00	396.61
Total Current Liabilities	2,581.06	2,205.97	3,005.76	4,360.17	6,345.82
Total Liabilities	6,506.77	8,616.01	10,269.32	11,619.75	14,170.34
Gross Block	1,451.08	1,415.67	1,496.52	1,600.56	1,697.39
Less: Accumulated Depreciation	577.24	607.15	672.91	743.48	819.33
Net Block	873.84	808.53	823.61	857.08	878.07
Capital Work in Progress	40.73	74.35	72.87	117.15	174.10
Non Current Investments				3.91	3.91
Long Term Investment				3.91	3.91
Long Term Loans & Advances	8.64	8.88	8.85	29.51	95.59
Other Non Current Assets	40.86	106.03	108.29	105.71	123.20
Total Non-Current Assets	964.08	997.80	1,013.63	1,226.54	1,399.47
Inventories	1,654.45	1,822.44	1,982.47	2,645.11	4,625.64
Sundry Debtors	304.16	184.57	310.45	826.36	422.88
Cash and Bank	1,899.53	3,858.86	4,228.48	4,190.37	4,709.31
Other Current Assets	105.19	68.43	231.68	212.91	198.32
Short Term Loans and Advances	1,559.90	1,665.84	2,485.93	2,503.18	2,800.82
Total Current Assets	5,523.24	7,600.14	9,239.01	10,377.92	12,756.97
Net Current Assets (Including Current Investments)	2,942.18	5,394.18	6,233.25	6,017.75	6,411.15
Miscellaneous Expenses not written off	19.46	18.07	16.68	15.29	13.90
Total Assets	6,506.77	8,616.01	10,269.32	11,619.75	14,170.34
Contingent Liabilities	471.52	456.74	617.90	733.27	589.12
Total Debt	3.58	4.06	4.34	4.48	4.92
	164.29	174.24	197.52	108.95	115.32
Adjusted Book Value	82.14	87.12	98.76	108.95	115.32

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	743.50	481.80	828.24	748.76	567.82
Adjustment	87.87	-24.96	-233.14	-8.09	-227.24
Changes In working Capital	-98.28	1,891.53	-27.41	-370.14	481.99
Cash Flow after changes in Working Capital	733.08	2,348.37	567.69	370.53	822.57
Cash Flow from Operating Activities	529.66	2,130.25	411.72	167.39	604.00
Cash Flow from Investing Activities	-573.01	-1,171.03	-722.40	-407.13	319.61
Cash Flow from Financing Activitie	-148.52	-171.38	-148.36	-220.25	-194.16
Net Cash Inflow / Outflow	-191.87	787.84	-459.04	-459.99	729.46
Opening Cash & Cash Equivalents	456.92	265.04	1,052.88	593.84	133.86
Closing Cash & Cash Equivalent	265.04	1,052.88	593.84	133.86	863.31

Ratios

Valuation

87.70

10.51

51.72

16.61

14.21

118.56

Profitability

10.23

13.91

3.26

9.20

17.21

Leverage & Liquidity

0.00

2.01

124.68

Returns

0.39

0.19

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	74.93	74.93	74.93	74.93	74.93	74.93	74.93	74.93	74.93
	12.57	11.41	11.79	12.72	13.87	13.73	13.24	12.99	13.22
	12.49	13.67	13.28	12.36	11.21	11.34	11.83	12.10	11.86
	25.07	25.07	25.07	25.07	25.07	25.07	25.07	25.07	25.07
No. of Shareholders	4,98,630	5,90,374	5,94,284	5,67,591	5,41,535	5,37,004	5,51,090	5,68,164	5,60,750

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-31	Board Meeting	Quarterly Results
2026-05-29	Ex Dividend	Rs.0.4000 per share(8%)Final Dividend	2026-09-21	2026-09-21
2026-05-20	Board Meeting	Audited Results & Final Dividend

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Capital GoodsAerospace & Defense

Bharat Dynamics Ltd. operates in the Capital Goods sector under the Aerospace & Defense industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

N Nagaraja

Company Secretary & Compliance Officer

—

Shailesh Vagerwal

Chairman & Managing Director

—

Meera Mohanty

Government Nominee Director

—

G Gayatri Prasad

Whole Time Director - Finance & CFO

₹68.38 L

Mar '26

Sujay Kapoor

Whole Time Director - Production

₹5.92 L

Mar '26

Pankaj Joshi

Non Executive Independent Director

—

Vandana Agarwal

Non Executive Independent Director

—

DV Srinivas Rao

Whole Time Director - Technical

₹66.62 L

Mar '26

Ankush Munjal

Non Executive Independent Director

—

D V Srinivas

Whole Time Director - Technical & Director (Production)

₹59.71 L

Mar '25

BDL Latest News

News

6 of 6 articles

EQUITY3 Sept 2026 · 14:43

Bharat Dynamics informs about AGM

EQUITY3 Sept 2026 · 11:20

Bharat Dynamics informs about BRSR

EQUITY1 Sept 2026 · 16:50

Bharat Dynamics informs about change in management

EQUITY25 Jun 2026 · 10:20

Bharat Dynamics gains on bagging orders worth Rs 1,347.71 crore

The orders are expected to be executed in a span of 24-60 months

COMPANY24 Jun 2026 · 17:44

Bharat Dynamics bags orders worth Rs 1,347.71 crore

The orders are expected to be executed in a span of 24-60 months

EQUITY28 May 2026 · 14:29

Bharat Dynamics reports Profit after tax of Rs 1131.82 Mln, in the March 2026 quarter

BDL

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