WEBSITE BSE:541143 NSE: BDL Inc. Year: 1970 Industry: Defence
Last updated: 15:59
Bharat Dynamics Limited (BDL) designs and manufactures under water guided weapon structures. The Company's merchandise include Milan-2T, Konkurs M anti-tank guided missile (ATGM), Invar (3 UBK 20) ATGM, Akash, Advanced Light Weight Torpedo (TAL), Torpedo Counter Measure System (C303), Counter Measures Dispensing System (CMDS) and Infrared Interference Indicator (IRII). Milan - 2T is a man portable Infantry second generation ATGM, to smash tanks equipped with explosive reactive armour, moving and stationery targets. Konkurs M ATGM is a 2nd techn...Read More
Bharat Dynamics Limited (BDL) designs and manufactures under water guided weapon structures. The Company's merchandise include Milan-2T, Konkurs M anti-tank guided missile (ATGM), Invar (3 UBK 20) ATGM, Akash, Advanced Light Weight Torpedo (TAL), Torpedo Counter Measure System (C303), Counter Measures Dispensing System (CMDS) and Infrared Interference Indicator (IRII). Milan - 2T is a man portable Infantry second generation ATGM, to smash tanks equipped with explosive reactive armour, moving and stationery targets. Konkurs M ATGM is a 2nd technology, semiautomatic, anti-tank, tube launched, optically tracked, wire guided and aero-dynamically managed missile. Invar (three UBK 20) ATGM is weapon fired from the Gun barrel of T 90 Tank. Akash is a medium range surface-to-air missile. Advanced Light Weight Torpedo (TAL) may be launched from a ship or a helicopter. The C303 is torpedo counter degree gadget for submarine, effective towards any type of Light Weight Torpedo (LWT). ...Read Less
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Market Cap ₹55586 Cr.
Stock P/E 101.1
P/B 13.2
Current Price ₹1516.4
Book Value ₹ 114.6
Face Value 5
52W High ₹2096
Dividend Yield 0.31%
52W Low ₹ 908.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 298 | 616 | 602 | 854 | 191 | 545 | 832 | 1777 | 248 | 1147 |
| Other Income | 107 | 78 | 88 | 88 | 80 | 86 | 84 | 100 | 87 | 121 |
| Total Income | 405 | 694 | 689 | 943 | 272 | 631 | 917 | 1877 | 335 | 1268 |
| Total Expenditure | 330 | 482 | 483 | 538 | 243 | 446 | 705 | 1478 | 293 | 960 |
| Operating Profit | 75 | 212 | 206 | 405 | 28 | 185 | 211 | 399 | 41 | 308 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 17 | 17 | 16 | 16 | 16 | 18 | 18 | 20 | 18 | 19 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 57 | 194 | 189 | 388 | 11 | 166 | 193 | 378 | 23 | 288 |
| Provision for Tax | 15 | 47 | 54 | 99 | 4 | 44 | 46 | 105 | 5 | 72 |
| Profit After Tax | 42 | 147 | 135 | 289 | 7 | 123 | 147 | 273 | 18 | 216 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 42 | 147 | 135 | 289 | 7 | 123 | 147 | 273 | 18 | 216 |
| Adjusted Earnings Per Share | 1.1 | 4 | 3.7 | 3.9 | 0.2 | 3.3 | 4 | 7.4 | 0.5 | 5.9 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2780 | 3786 | 4535 | 4577 | 3069 | 3105 | 1914 | 2817 | 2489 | 2369 | 3345 | 4004 |
| Other Income | 495 | 497 | 452 | 353 | 139 | 88 | 95 | 111 | 155 | 362 | 350 | 392 |
| Total Income | 3275 | 4284 | 4988 | 4929 | 3208 | 3193 | 2008 | 2929 | 2645 | 2731 | 3695 | 4397 |
| Total Expenditure | 2559 | 3384 | 4118 | 4088 | 2449 | 2349 | 1568 | 2090 | 2080 | 1832 | 2872 | 3436 |
| Operating Profit | 716 | 900 | 869 | 842 | 759 | 844 | 440 | 839 | 565 | 899 | 824 | 959 |
| Interest | 5 | 5 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 4 | 4 | 4 |
| Depreciation | 67 | 53 | 62 | 63 | 83 | 96 | 95 | 90 | 77 | 67 | 71 | 75 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 644 | 841 | 803 | 774 | 671 | 742 | 341 | 710 | 482 | 828 | 749 | 882 |
| Provision for Tax | 200 | 279 | 279 | 246 | 249 | 208 | 83 | 210 | 130 | 216 | 199 | 228 |
| Profit After Tax | 444 | 562 | 524 | 528 | 423 | 535 | 258 | 500 | 352 | 613 | 550 | 654 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 444 | 562 | 524 | 528 | 423 | 535 | 258 | 500 | 352 | 613 | 550 | 654 |
| Adjusted Earnings Per Share | 7.7 | 11.5 | 10.7 | 14.4 | 11.5 | 14.6 | 7 | 13.6 | 9.6 | 16.7 | 15 | 17.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 41% | 6% | 2% | 2% |
| Operating Profit CAGR | -8% | -1% | -0% | 1% |
| PAT CAGR | -10% | 3% | 1% | 2% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 26% | 49% | 56% | NA% |
| ROE Average | 14% | 15% | 14% | 21% |
| ROCE Average | 20% | 20% | 20% | 30% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1653 | 1851 | 2195 | 1956 | 2269 | 2607 | 2685 | 3031 | 3211 | 3637 | 4009 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1878 | 1195 | 357 | 217 | 209 | 710 | 708 | 895 | 3199 | 3627 | 3251 |
| Total Current Liabilities | 4842 | 6518 | 5687 | 4232 | 2919 | 2315 | 2521 | 2581 | 2206 | 3006 | 4360 |
| Total Liabilities | 8372 | 9564 | 8239 | 6406 | 5397 | 5631 | 5914 | 6507 | 8616 | 10269 | 11620 |
| Fixed Assets | 518 | 697 | 757 | 868 | 957 | 932 | 915 | 874 | 809 | 824 | 857 |
| Other Non-Current Assets | 207 | 194 | 199 | 195 | 107 | 102 | 79 | 90 | 189 | 190 | 369 |
| Total Current Assets | 7618 | 8645 | 7256 | 5318 | 4310 | 4574 | 4899 | 5523 | 7600 | 9239 | 10378 |
| Total Assets | 8372 | 9564 | 8239 | 6406 | 5397 | 5631 | 5914 | 6507 | 8616 | 10269 | 11620 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 722 | 124 | 676 | 93 | 30 | 15 | 295 | 457 | 265 | 1053 | 594 |
| Cash Flow from Operating Activities | -599 | 284 | -420 | -341 | 84 | 504 | 1068 | 530 | 2130 | 412 | 167 |
| Cash Flow from Investing Activities | 62 | 149 | 3 | 1047 | 170 | -33 | -734 | -573 | -1171 | -722 | -407 |
| Cash Flow from Financing Activities | -61 | -324 | -166 | -769 | -268 | -191 | -173 | -149 | -171 | -148 | -220 |
| Net Cash Inflow / Outflow | -598 | 109 | -583 | -63 | -15 | 280 | 162 | -192 | 788 | -459 | -460 |
| Closing Cash & Cash Equivalent | 124 | 233 | 93 | 30 | 15 | 295 | 457 | 265 | 1053 | 594 | 134 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 7.71 | 11.5 | 10.72 | 14.41 | 11.53 | 14.59 | 7.03 | 13.64 | 9.61 | 16.72 | 14.99 |
| CEPS(Rs) | 8.87 | 12.59 | 11.99 | 16.14 | 13.78 | 17.22 | 9.61 | 16.1 | 11.72 | 18.54 | 16.92 |
| DPS(Rs) | 1.46 | 3.46 | 3.22 | 4.33 | 3.46 | 4.4 | 3.68 | 4.15 | 4.68 | 5.28 | 4.65 |
| Book NAV/Share(Rs) | 28.23 | 37.31 | 44.37 | 52.69 | 61.24 | 70.51 | 72.67 | 82.14 | 87.12 | 98.76 | 108.95 |
| Core EBITDA Margin(%) | 7.76 | 9.87 | 8.53 | 10.66 | 20.21 | 24.36 | 18.05 | 25.82 | 16.44 | 22.66 | 14.15 |
| EBIT Margin(%) | 22.85 | 20.76 | 16.52 | 16.96 | 22.04 | 24.09 | 18.06 | 25.37 | 19.58 | 35.11 | 22.51 |
| Pre Tax Margin(%) | 22.67 | 20.63 | 16.43 | 16.87 | 21.87 | 23.91 | 17.81 | 25.2 | 19.35 | 34.96 | 22.38 |
| PAT Margin (%) | 15.61 | 13.78 | 10.72 | 11.51 | 13.77 | 17.23 | 13.47 | 17.74 | 14.15 | 25.86 | 16.43 |
| Cash Profit Margin (%) | 17.96 | 15.09 | 11.99 | 12.9 | 16.46 | 20.33 | 18.41 | 20.95 | 17.25 | 28.69 | 18.55 |
| ROA(%) | 5.32 | 6.27 | 5.89 | 7.21 | 7.16 | 9.7 | 4.47 | 8.05 | 4.66 | 6.49 | 5.02 |
| ROE(%) | 31.22 | 32.61 | 26.26 | 25.76 | 20.24 | 22.15 | 9.82 | 17.62 | 11.35 | 17.99 | 14.44 |
| ROCE(%) | 45.69 | 49.13 | 40.41 | 37.89 | 32.33 | 30.9 | 13.15 | 25.15 | 15.69 | 24.39 | 19.76 |
| Receivable days | 47.13 | 21.46 | 11.18 | 36.8 | 77.08 | 50.8 | 63.04 | 40.61 | 35.83 | 38.13 | 62.02 |
| Inventory Days | 183.61 | 158.1 | 160.52 | 165.74 | 213.48 | 148.18 | 214.9 | 197.66 | 254.89 | 293.08 | 252.47 |
| Payable days | 88.53 | 136.38 | 175.04 | 172.74 | 175.6 | 106.17 | 238.02 | 201.1 | 156.33 | 260.17 | 256.99 |
| PER(x) | 0 | 0 | 0 | 13.65 | 12.3 | 6.35 | 23.65 | 20.04 | 51.46 | 52.39 | 85.41 |
| Price/Book(x) | 0 | 0 | 0 | 3.73 | 2.32 | 1.31 | 2.29 | 3.33 | 5.67 | 8.87 | 11.76 |
| Dividend Yield(%) | 0 | 0 | 0 | 2.2 | 2.44 | 4.75 | 2.21 | 1.52 | 0.95 | 0.6 | 0.36 |
| EV/Net Sales(x) | -1.28 | -0.83 | -0.36 | 1.5 | 1.57 | 0.88 | 2.37 | 2.88 | 5.73 | 11.76 | 12.78 |
| EV/Core EBITDA(x) | -4.96 | -3.49 | -1.85 | 8.15 | 6.37 | 3.24 | 10.31 | 9.69 | 25.27 | 31.01 | 51.92 |
| Net Sales Growth(%) | 56.7 | 36.2 | 19.79 | 0.91 | -32.94 | 1.16 | -38.36 | 47.22 | -11.64 | -4.83 | 41.18 |
| EBIT Growth(%) | 27.21 | 30.42 | -4.65 | -3.63 | -13.05 | 10.55 | -53.79 | 106.79 | -31.81 | 70.68 | -9.49 |
| PAT Growth(%) | 28.37 | 26.72 | -6.76 | 0.78 | -19.99 | 26.58 | -51.81 | 93.95 | -29.55 | 73.98 | -10.29 |
| EPS Growth(%) | 28.37 | 49.08 | -6.76 | 34.38 | -19.99 | 26.58 | -51.81 | 93.95 | -29.55 | 73.98 | -10.29 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 1.57 | 1.33 | 1.28 | 1.26 | 1.48 | 1.98 | 1.94 | 2.14 | 3.45 | 3.07 | 2.38 |
| Quick Ratio(x) | 1.27 | 1.01 | 0.88 | 0.8 | 0.91 | 1.61 | 1.39 | 1.5 | 2.62 | 2.41 | 1.77 |
| Interest Cover(x) | 124.12 | 157.22 | 179.62 | 185.22 | 131.3 | 137.04 | 73.34 | 150.48 | 87.79 | 230.75 | 181 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.93 | 74.93 | 74.93 | 74.93 | 74.93 | 74.93 | 74.93 | 74.93 | 74.93 | 74.93 |
| FII | 3.09 | 3.1 | 2.95 | 3.05 | 2.94 | 3.09 | 3.26 | 3.77 | 2.43 | 2.3 |
| DII | 12.81 | 13.32 | 12.4 | 9.52 | 8.47 | 8.7 | 9.46 | 10.1 | 11.3 | 10.94 |
| Public | 9.17 | 8.66 | 9.72 | 12.5 | 13.67 | 13.28 | 12.36 | 11.21 | 11.34 | 11.83 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 13.73 | 13.73 | 13.73 | 27.47 | 27.47 | 27.47 | 27.47 | 27.47 | 27.47 | 27.47 |
| FII | 0.57 | 0.57 | 0.54 | 1.12 | 1.08 | 1.13 | 1.19 | 1.38 | 0.89 | 0.84 |
| DII | 2.35 | 2.44 | 2.27 | 3.49 | 3.1 | 3.19 | 3.47 | 3.7 | 4.14 | 4.01 |
| Public | 1.68 | 1.59 | 1.78 | 4.58 | 5.01 | 4.87 | 4.53 | 4.11 | 4.16 | 4.34 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18.33 | 18.33 | 18.33 | 36.66 | 36.66 | 36.66 | 36.66 | 36.66 | 36.66 | 36.66 |
* The pros and cons are machine generated.
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