About
Bharat Dynamics Limited manufactures and sells guided missiles, underwater weapons, air-borne products, and allied defense equipment in India. It offers light and heavy-weight torpedoes, unified launcher, fagot launcher adapted to Milan equipment, Konkurs launcher test equipment, Akash and Astra weapon systems, Konkurs missile test equipment, medium-range surface-to-air missile, quick reaction surface-to-air missile, and multi-influential ground mines. The company also sells vertically launched-short range surface-to-air missile, anti-submarine warfare suite, counter measures dispensing system, smart anti-airfield weapon, anti-torpedo decoy launching system, Helina, Amogha Β III, man portable anti-tank guided missile (ATGM), NAG ATGM, invar (3 UBK 20) anti-tank guided missile, Konkurs-M ATGM, and MilanΒ2T ATGM, as well as Dishani, an air-deployed ASW sensor system. Bharat Dynamics Limited was incorporated in 1970 and is headquartered in Hyderabad, India.
Key Metrics
as of Sep 2026Market Cap46,004 Cr
P/E88.30
Div Yield0.39 %
Book ValueβΉ116.00
52w HighβΉ1,655.00
52w LowβΉ1,086.00
Face ValueβΉ5.00
Quarterly Results
Rs. Crores Β· hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 572.00 | 480.00 | 567.00 | 1,147.00 | 248.00 | 1,777.00 | 832.00 | 545.00 | 191.00 | 854.00 | 602.00 | 616.00 | 298.00 |
| Expenses | 489.00 | 425.00 | 541.00 | 960.00 | 293.00 | 1,478.00 | 705.00 | 446.00 | 243.00 | 538.00 | 483.00 | 482.00 | 330.00 |
| Operating Profit | 83.00 | 55.00 | 26.00 | 188.00 | -45.00 | 299.00 | 127.00 | 99.00 | -52.00 | 316.00 | 119.00 | 134.00 | -33.00 |
| OPM % | 15.00 | 12.00 | 4.60 | 16.00 | -18.00 | 17.00 | 15.00 | 18.00 | -27.00 | 37.00 | 20.00 | 22.00 | -11.00 |
| Other Income | 103.00 | 119.00 | 97.00 | 121.00 | 87.00 | 100.00 | 84.00 | 86.00 | 80.00 | 88.00 | 88.00 | 78.00 | 107.00 |
| Depreciation | 20.00 | 20.00 | 19.00 | 19.00 | 18.00 | 20.00 | 18.00 | 18.00 | 16.00 | 16.00 | 16.00 | 17.00 | 17.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 166.00 | 154.00 | 103.00 | 288.00 | 23.00 | 378.00 | 193.00 | 166.00 | 11.00 | 388.00 | 189.00 | 194.00 | 57.00 |
| Tax % | 28.00 | 26.00 | 29.00 | 25.00 | 21.00 | 28.00 | 24.00 | 26.00 | 36.00 | 26.00 | 29.00 | 24.00 | 27.00 |
| Net Profit | 119.00 | 113.00 | 73.00 | 216.00 | 18.00 | 273.00 | 147.00 | 123.00 | 7.00 | 289.00 | 135.00 | 147.00 | 42.00 |
| EPS in Rs | 3.24 | 3.09 | 1.99 | 5.89 | 0.50 | 7.44 | 4.01 | 3.34 | 0.20 | 7.88 | 3.68 | 4.01 | 1.14 |
Profit & Loss
Annual Β· Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,442.00 | 3,345.00 | 2,369.00 | 2,489.00 | 2,817.00 | 1,914.00 | 3,105.00 | 3,069.00 | 4,588.00 | 4,887.00 | 4,079.00 | 2,841.00 |
| Expenses | 2,218.00 | 2,872.00 | 1,832.00 | 2,080.00 | 2,090.00 | 1,568.00 | 2,349.00 | 2,446.00 | 3,919.00 | 4,317.00 | 3,564.00 | 2,564.00 |
| Operating Profit | 223.00 | 473.00 | 537.00 | 409.00 | 727.00 | 346.00 | 756.00 | 623.00 | 669.00 | 569.00 | 515.00 | 277.00 |
| OPM % | 9.00 | 14.00 | 23.00 | 16.00 | 26.00 | 18.00 | 24.00 | 20.00 | 15.00 | 12.00 | 13.00 | 10.00 |
| Other Income | 424.00 | 350.00 | 362.00 | 155.00 | 78.00 | 95.00 | 88.00 | 136.00 | 173.00 | 300.00 | 385.00 | 439.00 |
| Interest | 3.00 | 4.00 | 4.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 | 5.00 | 5.00 |
| Depreciation | 76.00 | 71.00 | 67.00 | 77.00 | 90.00 | 95.00 | 96.00 | 82.00 | 63.00 | 62.00 | 53.00 | 67.00 |
| Profit before tax | 568.00 | 749.00 | 828.00 | 482.00 | 710.00 | 341.00 | 742.00 | 671.00 | 774.00 | 803.00 | 841.00 | 644.00 |
| Tax % | 26.00 | 27.00 | 26.00 | 27.00 | 30.00 | 24.00 | 28.00 | 37.00 | 32.00 | 35.00 | 33.00 | 31.00 |
| Net Profit | 420.00 | 550.00 | 613.00 | 352.00 | 500.00 | 258.00 | 535.00 | 423.00 | 528.00 | 524.00 | 562.00 | 444.00 |
| EPS in Rs | 11.47 | 14.99 | 16.71 | 9.61 | 13.64 | 7.03 | 14.59 | 11.53 | 14.41 | 2,183.58 | 2,810.35 | 1,928.48 |
| Dividend Payout % | 43.00 | 31.00 | 32.00 | 49.00 | 30.00 | 52.00 | 30.00 | 30.00 | 25.00 | 30.00 | 30.00 | 19.00 |
Balance Sheet
Annual Β· Rs. Crores β latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 183.00 | 183.00 | 183.00 | 183.00 | 183.00 | 183.00 | 183.00 | 183.00 | 183.00 | 122.00 | 98.00 | 115.00 |
| Reserves | 4,058.00 | 3,826.00 | 3,454.00 | 3,028.00 | 2,847.00 | 2,501.00 | 2,424.00 | 2,085.00 | 1,773.00 | 2,073.00 | 1,753.00 | 1,538.00 |
| Borrowings | 0.00 | 7.00 | 8.00 | 9.00 | 10.00 | 11.00 | 15.00 | 5.00 | 4.00 | 4.00 | 4.00 | 0.00 |
| Other Liabilities | 10,020.00 | 7,798.00 | 6,781.00 | 5,535.00 | 3,595.00 | 3,334.00 | 3,128.00 | 3,250.00 | 4,697.00 | 6,208.00 | 7,786.00 | 6,759.00 |
| Total Liabilities | 14,262.00 | 11,814.00 | 10,426.00 | 8,756.00 | 6,636.00 | 6,030.00 | 5,750.00 | 5,523.00 | 6,657.00 | 8,407.00 | 9,641.00 | 8,412.00 |
| Fixed Assets | 1,003.00 | 857.00 | 824.00 | 809.00 | 874.00 | 915.00 | 932.00 | 957.00 | 868.00 | 757.00 | 697.00 | 518.00 |
| CWIP | 174.00 | 230.00 | 73.00 | 74.00 | 41.00 | 22.00 | 42.00 | 47.00 | 130.00 | 136.00 | 126.00 | 142.00 |
| Investments | 4.00 | 4.00 | 0.00 | 0.00 | 0.00 | 5.00 | 4.00 | 4.00 | 239.00 | 3.00 | 3.00 | 3.00 |
| Other Assets | 13,081.00 | 10,723.00 | 9,530.00 | 7,873.00 | 5,721.00 | 5,089.00 | 4,771.00 | 4,516.00 | 5,420.00 | 7,511.00 | 8,815.00 | 7,749.00 |
| Total Assets | 14,262.00 | 11,814.00 | 10,426.00 | 8,756.00 | 6,636.00 | 6,030.00 | 5,750.00 | 5,523.00 | 6,657.00 | 8,407.00 | 9,641.00 | 8,412.00 |
Cash Flows
Annual Β· Rs. Crores β latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 604.00 | 167.00 | 412.00 | 2,130.00 | 530.00 | 1,068.00 | 504.00 | 84.00 | -342.00 | -420.00 | 284.00 | -765.00 |
| Cash from Investing Activity | 320.00 | -407.00 | -722.00 | -1,171.00 | -573.00 | -734.00 | -33.00 | 170.00 | 1,047.00 | 3.00 | 149.00 | 239.00 |
| Cash from Financing Activity | -194.00 | -220.00 | -148.00 | -171.00 | -149.00 | -173.00 | -191.00 | -268.00 | -769.00 | -166.00 | -324.00 | -72.00 |
| Net Cash Flow | 729.00 | -460.00 | -459.00 | 788.00 | -192.00 | 162.00 | 280.00 | -15.00 | -63.00 | -583.00 | 109.00 | -598.00 |
| Free Cash Flow | 375.00 | -115.00 | 331.00 | 2,022.00 | 428.00 | 1,012.00 | 447.00 | -5.00 | -510.00 | -556.00 | 68.00 | -943.00 |
| CFO/OP % | 368.00 | 78.00 | 106.00 | 574.00 | 101.00 | 332.00 | 90.00 | 61.00 | -13.00 | -15.00 | 109.00 | -197.00 |
Ratios
Annual Β· Days / % β latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63.00 | 90.00 | 48.00 | 27.00 | 39.00 | 62.00 | 40.00 | 63.00 | 61.00 | 12.00 | 13.00 | 43.00 |
| Inventory Days | 1,381.00 | 591.00 | 841.00 | 584.00 | 534.00 | 636.00 | 222.00 | 380.00 | 254.00 | 276.00 | 302.00 | 286.00 |
| Days Payable | 846.00 | 328.00 | 325.00 | 142.00 | 171.00 | 322.00 | 83.00 | 115.00 | 129.00 | 186.00 | 202.00 | 100.00 |
| Cash Conversion Cycle | 598.00 | 354.00 | 564.00 | 469.00 | 403.00 | 375.00 | 178.00 | 328.00 | 186.00 | 101.00 | 114.00 | 230.00 |
| Working Capital Days | 254.00 | 207.00 | 322.00 | 237.00 | 144.00 | 169.00 | 195.00 | 128.00 | 44.00 | -11.00 | -106.00 | -126.00 |
| ROCE % | 14.00 | 20.00 | 24.00 | 16.00 | 26.00 | 13.00 | 31.00 | 32.00 | 37.00 | 40.00 | 48.00 | β |
Corporate Actions
18 records| Action | Ex Date | Record Date | Ratio | Amount (βΉ) | Notes |
|---|---|---|---|---|---|
| Dividend | 09 Feb 2026 | 09 Feb 2026 | β | 4.50 | |
| Dividend | 19 Sep 2025 | 19 Sep 2025 | β | 0.65 | |
| Dividend | 14 Feb 2025 | 14 Feb 2025 | β | 4.00 | |
| Dividend | 23 Sep 2024 | β | β | 0.85 | |
| Split | 24 May 2024 | 24 May 2024 | 10:5 | β | |
| Dividend | 02 Apr 2024 | 02 Apr 2024 | β | 8.85 | |
| Dividend | 20 Sep 2023 | β | β | 1.20 | |
| Dividend | 20 Feb 2023 | 20 Feb 2023 | β | 8.15 | |
| Dividend | 16 Sep 2022 | β | β | 1.00 | |
| Dividend | 23 Feb 2022 | 24 Feb 2022 | β | 7.30 | |
| Dividend | 17 Sep 2021 | β | β | 0.65 | |
| Dividend | 18 Mar 2021 | 20 Mar 2021 | β | 6.70 | |
| Dividend | 18 Sep 2020 | β | β | 2.55 | |
| Dividend | 24 Feb 2020 | 25 Feb 2020 | β | 6.25 | |
| Dividend | 19 Sep 2019 | β | β | 1.67 | |
| Other | 19 Sep 2019 | β | β | β | Annual General Meeting/Dividend - Rs 1.67 |
| Dividend | 26 Mar 2019 | 27 Mar 2019 | β | 5.25 | |
| Dividend | 18 Sep 2018 | β | β | 7.29 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results β Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update17 Feb from crisil
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Rating update19 Nov 2024 from crisil
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Rating update25 Aug 2023 from crisil
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Rating update7 Jun 2022 from crisil
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Rating update31 Mar 2022 from crisil
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Rating update27 Jan 2021 from crisil