BDL · Bharat Dynamics Ltd · Aerospace & Defense
BDL · Bharat Dynamics Ltd · Aerospace & Defense
As of 05 Nov close
52-week range
34.2% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹572 Cr
Revenue YoY
PAT YoY
+547.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
10.5
P/S (TTM)
15.8
Sector P/E
54.8
Dividend yield
+0.4%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| BDL (this stock) | 96.3 | 10.5 | +18.8% | +12.3% | 0 | +0.4% |
| Hindustan Aeronautics | 31.4 | 8.7 | +27.6% | +22.7% | 0 | +0.9% |
| Bharat Electronics | 49 | 12.1 | +21.4% | +25.6% | 0 | +0.6% |
| Data Patterns (India) | 94.1 | 15.4 | +28.5% | +15.4% | 0 | +0.2% |
Promoter
stable
FII
falling 3q
MF
6.42% (+0.85pp)
rising 2q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- mediumcorporate actioneconomictimes.indiatimes.com· 15 Oct 2026, 06:19 pmDefence ministry inks Rs 4,106 crore contracts for IAF communication satellite, Navy torpedoes
- loweconomictimes.indiatimes.com· 05 Oct 2026, 09:16 amAkash air defence system reaches Turkmenistan: Check its capabilities as it joins Chinese systems to protect the Central Asian country
- loweconomictimes.indiatimes.com· 29 Sept 2026, 08:25 amForce Motors among 4 F&O stocks saw a high increase in futures open interest - Surge in OI
- loweconomictimes.indiatimes.com· 24 Sept 2026, 06:00 amStocks in news: Bharat Dynamics, NTPC, Canara Bank and Waaree Energies
- mediumcorporate actioneconomictimes.indiatimes.com· 23 Sept 2026, 05:04 pmDefence ministry signs Rs 811 crore deal with BDL for 160 satellite-guided anti-airfield weapons
- lowcorporate actioneconomictimes.indiatimes.com· 20 Sept 2026, 09:50 amDividends and stock splits: IRCTC, BEML among 150+ stocks with record dates this week. Check full list
- unknowneconomictimes.indiatimes.com· 01 Sept 2026, 08:33 pmWe must resolve to transform all defence PSUs into global giants: Rajnath Singh
- loweconomictimes.indiatimes.com· 16 Aug 2026, 12:59 pmKawa UAV successfully conducts maiden flight of jet-powered 'Divyastra Mk3' loitering munition
- lowthehindubusinessline.com· 14 Aug 2026, 09:11 amQ1 Results 14th Aug Live: Ashok Leyland, NMDC, Alkem Lab, Bharat Dynamics, Voltas, 3M India, Cochin Shipyard, Physicswallah, Cholamandalam Fin, PTC Ind, Natco Pharma, Borosil to announce Q1 results, T
Concalls & investor presentations
AI-generatedKey takeaway: Bharat Dynamics Limited (BDL) provided an investor presentation detailing its corporate profile, financial highlights, and order book status as of June 2026. The company reported a stable order book, increasing from INR 22,814 Crore on April 1, 2025, to INR 26,176 Crore by March 31, 2026, with new orders of INR 5,909 Crore received in FY 2025-26. Key financial metrics showed a decline in revenue from operations, which fell by 27% to INR 2,442 Crore, and earnings per share decreased by 23% to INR 11.47. The presentation emphasized BDL's commitment to indigenization, with over 80%-90% indigenization levels in major projects, and its focus on becoming a global leader in defense weapon systems. The company also highlighted its R&D expenditure, which represented 8.1% of sales in FY 2025-26.
The presentation included both positive aspects, such as order book growth, and negative aspects, such as declines in revenue and earnings.
Sourced from an exchange-filed presentation, dated 10 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedBharat Dynamics Limited (BDL) emphasizes its role in advancing India's self-reliance in defense through indigenous design, development, and manufacturing. The report highlights investments in research and development, expansion of manufacturing facilities, and operational validation of systems. BDL also outlines strategic priorities including supply chain insulation, global export dominance, and fostering next-gen defense innovation through partnerships with startups and MSMEs.
- Commitment to indigenous design, development, and manufacturing of defense systems to support India's Atmanirbharta vision.
- Expansion of manufacturing footprint across new facilities and operational validation of systems under live conditions.
- Strategic focus on supply chain insulation, import substitution, and global export diversification.
- Investment in next-generation defense technologies like AI-driven countermeasures and drone ammunition.
- Collaboration with MSMEs and startups to indigenize critical components and foster innovation.
Key takeaway: BDL is transitioning to a technology-driven defense solutions provider, focusing on indigenous innovation, global exports, and strategic partnerships to strengthen India's defense self-reliance.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (4 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
4 occurrencesRecent (last 12 months)
The company was informed by Stock Exchanges NSE and BSE about non-compliance with Regulation 17(1) and others due to absence of required Independent Directors and non-constitution of Audit and Nomination Committees during specific periods.
Earlier (1-3 years ago)
The company received communications from BSE and NSE regarding non-compliance with Listing Regulations, resulting in cumulative penalties of ₹10,23,060 for not having requisite Independent Directors and non-constitution of Audit Committee and Nomination & Remuneration Committee.
Older (3+ years ago)
The company did not comply with the requirement of fifty percent of Independent Directors on the Board during specified periods, leading to fines levied by stock exchanges (BSE & NSE), though the company contested the fines and no payment was made. Additionally, a fine was imposed for a five-day delay in submitting Related Party Transaction disclosure for the period ending 31 March 2022, which was later reversed.
Bharat Dynamics Limited failed to comply with SEBI (LODR) Regulations, 2015 Reg.17(1)(a)&(b) and section 149 of the Act regarding the composition of the Board, including the appointment of an Independent Woman Director, as of 31st March, 2021.
Default / Covenant Breach
2 occurrencesEarlier (1-3 years ago)
The excerpt mentions a review of substantial defaults in the payment of depositors, debenture holders, and shareholders, including non-payment of declared dividends.
Older (3+ years ago)
The company has undisputed statutory dues in arrears exceeding six months for Finance Act Service Tax and Income Tax Act TDS defaults, with amounts of Rs. 2.81 lakhs and Rs. 1.26 lakhs respectively.
Routine disclosures
Contingent Liability
5 occurrencesRecent (last 12 months)
The company is subject to multiple legal, regulatory, and tax cases with uncertain outcomes that could result in significant liabilities. These are disclosed in Note No. 38(6) of the Standalone Financial Statements.
Earlier (1-3 years ago)
The company has outstanding letters of credit and guarantees as of March 31, 2025, which are classified as contingent liabilities not provided for.
The company has contingent liabilities not provided for, including outstanding letters of credit and guarantees as of March 31, 2023.
Older (3+ years ago)
The company has outstanding letters of credit and guarantees totaling ₹ [amount] as of March 31, 2023, and 2022, along with claims/demands from PSUs, tax authorities, and others not acknowledged as debt.
The company has contingent liabilities not provided for, including outstanding letters of credit and guarantees, and claims or demands from PSUs, sales tax, service tax, income tax, and others.
Related-Party Transaction
1 occurrenceOlder (3+ years ago)
The company has a related party transaction mentioned in note 38(8) of the financial statements.
Statutory dues in dispute
1 occurrenceRecent (last 12 months)
The company has outstanding statutory dues under dispute, including Central Sales Tax and Excise Duty, with pending legal actions in High Court and CESTAT, and Income Tax appeals, totaling unspecified amounts.