Bharat Dynamics Ltd
Bharat Dynamics Ltd (BDL) last reported results for the quarter ended Jun 2026, with sales of ₹572 crore and net profit of ₹119 crore. Bharat Dynamics Ltd’s board meets on 12 Nov 2026. The stock last traded at ₹1,104, a market capitalisation of ₹40,450 crore, on a P/E of 77.7. Over the past 52 weeks the stock has ranged between ₹1,071 and ₹1,633. Figures are as of 6 Oct 2026 and are not real time.
Bharat Dynamics Ltd share price and key metrics
- Current price
- ₹1,104
- Market cap
- ₹40,450 cr
- Stock P/E
- 77.7
- Book value
- ₹116
- ROE
- 10.2%
- ROCE
- 13.9%
- Dividend yield
- 0.45%
- 52w high / low
- 1633/1071
Metrics as of 6 Oct 2026. Not real time.
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Bharat Dynamics Ltd growth and returns
- 10 Years
- -5%
- 5 Years
- 5%
- 3 Years
- -1%
- TTM
- -19%
- 10 Years
- -3%
- 5 Years
- 10%
- 3 Years
- 6%
- TTM
- -7%
- 10 Years
- %
- 5 Years
- 43%
- 3 Years
- 30%
- 1 Year
- -30%
- 10 Years
- 17%
- 5 Years
- 14%
- 3 Years
- 14%
- Last Year
- 10%
Bharat Dynamics Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹572 cr, up 130.6% from ₹248 cr a year earlier. Net profit was ₹119 cr, up 561.1% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 545 | 832 | 1,777 | 248 | 1,147 | 567 | 480 | 572 |
| Expenses | 446 | 705 | 1,478 | 293 | 960 | 541 | 425 | 489 |
| Operating profit | 99 | 127 | 299 | -45 | 188 | 26 | 55 | 83 |
| OPM % | 18% | 15% | 17% | -18% | 16% | 4.6% | 12% | 15% |
| Other income | 86 | 84 | 100 | 87 | 121 | 97 | 119 | 103 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 18 | 18 | 20 | 18 | 19 | 19 | 20 | 20 |
| Profit before tax | 166 | 193 | 378 | 23 | 288 | 103 | 154 | 166 |
| Tax % | 26% | 24% | 28% | 21% | 25% | 29% | 26% | 28% |
| Net profit | 123 | 147 | 273 | 18 | 216 | 73 | 113 | 119 |
| EPS (₹) | 3.34 | 4.01 | 7.44 | 0.50 | 5.89 | 1.99 | 3.09 | 3.24 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Bharat Dynamics Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,887 | 4,588 | 3,069 | 3,105 | 1,914 | 2,817 | 2,489 | 2,369 | 3,345 | 2,442 | 2,766 |
| Operating profit | 569 | 669 | 623 | 756 | 346 | 727 | 409 | 537 | 473 | 225 | 352 |
| OPM % | 12% | 15% | 20% | 24% | 18% | 26% | 16% | 23% | 14% | 9% | 13% |
| Net profit | 524 | 528 | 423 | 535 | 258 | 500 | 352 | 613 | 550 | 420 | 521 |
| EPS (₹) | 2,183.58 | 14.41 | 11.53 | 14.59 | 7.03 | 13.64 | 9.61 | 16.71 | 14.99 | 11.47 | 14.21 |
TTM is the trailing twelve months to the most recent quarter.
Bharat Dynamics Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 122 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 |
| Reserves | 2,073 | 1,773 | 2,085 | 2,424 | 2,501 | 2,847 | 3,028 | 3,454 | 3,826 | 4,058 |
| Borrowings | 4 | 4 | 5 | 15 | 11 | 10 | 9 | 8 | 7 | 5 |
| Other liabilities | 6,208 | 4,697 | 3,250 | 3,128 | 3,334 | 3,595 | 5,535 | 6,781 | 7,795 | 10,080 |
| Total liabilities | 8,407 | 6,657 | 5,523 | 5,750 | 6,030 | 6,636 | 8,756 | 10,426 | 11,811 | 14,326 |
| Fixed assets | 757 | 868 | 957 | 932 | 915 | 874 | 809 | 824 | 857 | 878 |
| CWIP | 136 | 130 | 47 | 42 | 22 | 41 | 74 | 73 | 230 | 299 |
| Investments | 3 | 239 | 4 | 4 | 5 | 0 | 0 | 0 | 4 | 4 |
| Other assets | 7,511 | 5,420 | 4,516 | 4,771 | 5,089 | 5,721 | 7,873 | 9,530 | 10,719 | 13,145 |
| Total assets | 8,407 | 6,657 | 5,523 | 5,750 | 6,030 | 6,636 | 8,756 | 10,426 | 11,811 | 14,326 |
As reported by the company. Total assets equal total liabilities by construction.
Bharat Dynamics Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -420 | -342 | 84 | 504 | 1,068 | 530 | 2,130 | 412 | 167 | 604 |
| Cash from investing | 3 | 1,047 | 170 | -33 | -734 | -573 | -1,171 | -722 | -407 | 320 |
| Cash from financing | -166 | -769 | -268 | -191 | -173 | -149 | -171 | -148 | -220 | -194 |
| Net cash flow | -583 | -63 | -15 | 280 | 162 | -192 | 788 | -459 | -460 | 729 |
| Free cash flow | -556 | -510 | -5 | 447 | 1,012 | 428 | 2,022 | 331 | -115 | 375 |
| CFO / operating profit | -15% | -13% | 61% | 90% | 332% | 101% | 574% | 106% | 78% | 366% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Bharat Dynamics Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 40% | 37% | 32% | 31% | 13% | 26% | 16% | 24% | 20% | 14% |
| Debtor days | 12 | 61 | 63 | 40 | 62 | 39 | 27 | 48 | 90 | 63 |
| Inventory days | 276 | 254 | 380 | 222 | 636 | 534 | 584 | 841 | 590 | 1,400 |
| Days payable | 186 | 129 | 115 | 83 | 322 | 171 | 142 | 325 | 328 | 846 |
| Cash conversion cycle | 101 | 186 | 328 | 178 | 375 | 403 | 469 | 564 | 353 | 617 |
| Working capital days | -11 | 44 | 128 | 195 | 169 | 144 | 237 | 322 | 207 | 264 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Bharat Dynamics Ltd shareholding pattern
Promoters held 74.93% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.69% and DIIs 11.53%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% |
| FIIs | 2.94% | 3.09% | 3.25% | 3.77% | 2.43% | 2.29% | 2.02% | 1.69% |
| DIIs | 8.46% | 8.70% | 9.45% | 10.10% | 11.30% | 10.94% | 10.97% | 11.53% |
| Public | 13.67% | 13.26% | 12.35% | 11.19% | 11.34% | 11.83% | 12.10% | 11.85% |
| No. of shareholders | 5,90,374 | 5,94,284 | 5,67,591 | 5,41,535 | 5,37,004 | 5,51,090 | 5,68,164 | 5,60,750 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
When does Bharat Dynamics Ltd’s board next meet?
Bharat Dynamics Ltd’s board meets on 12 Nov 2026.
- Board meetingAppointment of Dr. Jagannath Nayak as Part-Time Official Director (Government Director)
See the full results calendar for every Indian company reporting in the next 30 days.
Bharat Dynamics Ltd corporate filings
- No financial or strategic corporate announcement detected; the document pertains to the appointment of a government director on Bharat Dynamics Limited's board.Company Updatelow impact
Cruxal's analysis: This filing announces the appointment of Dr. Jagannath Nayak, a distinguished defence…
Read the full analysis - Bharat Dynamics Limited (BDL) submits AGM results with notable voting outcomes; no new financial or strategic disclosures providedAGM/EGMlow impact
Cruxal's analysis: BDL's latest filing pertains to the submission of the scrutinizer and e-voting results…
Read the full analysis - Trading Window Closure for the quarter ended 30th September 2026 With effect from 1st October 2026.Insider Trading / SASTlow impact
- Bharat Dynamics Limited Reports FY26 Financials and Strategic Outlook at 56th AGMAGM/EGMmedium impact
Cruxal's analysis: Bharat Dynamics Limited (BDL) held its 56th AGM, confirming FY26 revenue from operations…
Read the full analysis - Bharat Dynamics Limited secures INR 810.79 crore order from Indian Air Force for SAT-SAAW systemsCompany Updatehigh impact
Cruxal's analysis: Bharat Dynamics Limited has signed a contract with the Ministry of Defence for the supply…
Read the full analysis - Bharat Dynamics Limited announces appointment of Shri Prakash Rajpurohit as Part-Time Official DirectorCompany Updatelow impact
Cruxal's analysis: Bharat Dynamics Limited has informed the stock exchanges of the appointment of Shri…
Read the full analysis - Bharat Dynamics Limited Announces Appointment of M/s Umamaheswara Rao & Co. as Statutory Auditor for FY 2026-27Company Updatelow impact
Cruxal's analysis: Bharat Dynamics Limited has formally notified the stock exchanges regarding the…
Read the full analysis - Bharat Dynamics Limited announces 56th AGM and final dividend of INR 0.40 per share for FY 2025-26Company Updatelow impact
Cruxal's analysis: Bharat Dynamics Limited has issued a formal notice for its 56th Annual General Meeting…
Read the full analysis - Bharat Dynamics Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Bharat Dynamics Ltd has submitted its Business Responsibility and Sustainability Report…
Read the full analysis - Bharat Dynamics Limited schedules 56th AGM for September 28, 2026, and sets record date for final dividendCorp. Actionlow impact
Cruxal's analysis: Bharat Dynamics Limited has announced that its 56th Annual General Meeting will be held…
Read the full analysis - Bharat Dynamics Limited Announces 56th AGM, Record Date for Final Dividend, and Annual Report 2025-26Otherslow impact
Cruxal's analysis: Bharat Dynamics Limited has scheduled its 56th Annual General Meeting for 28 September…
Read the full analysis - Bharat Dynamics Limited announces retirement of two senior management personnelCompany Updatelow impact
Cruxal's analysis: Bharat Dynamics Limited has informed the exchanges regarding the retirement of Shri L…
Read the full analysis - Bharat Dynamics Ltd reports regulatory fines for the quarter ended 30 June 2026Company Updatelow impact
Cruxal's analysis: Bharat Dynamics Ltd has disclosed the imposition of fines by stock exchanges for the…
Read the full analysis - Bharat Dynamics Limited Announces Internal Senior Management PromotionsCompany Updatelow impact
Cruxal's analysis: Bharat Dynamics Limited has disclosed the promotion of five senior executives to the…
Read the full analysis - Bharat Dynamics Limited Announces Appointment of Three New Independent Directors to the BoardCompany Updatelow impact
Cruxal's analysis: Bharat Dynamics Limited has formally announced the appointment of Shri Ankush Munjal…
Read the full analysis - Bharat Dynamics Limited reports strong Q1 FY27 earnings with significant YoY profit growthBoard Meetinghigh impact
Cruxal's analysis: Bharat Dynamics Limited (BDL) reported a robust performance for the quarter ended 30 June…
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