Bharat Dynamics

Why is Bharat Dynamics Ltd falling/rising?

As of 07-Aug, Bharat Dynamics Ltd's stock price is 1,294.00, down 0.23%. The stock has underperformed significantly over the past year due to negative financial results and high valuation, leading to its classification as a strong sell.

As of 07-Aug, Bharat Dynamics Ltd's stock price is currently at 1,294.00, reflecting a decrease of 3.0 (-0.23%). The stock has shown a mixed performance over different time periods, with a notable decline of 7.22% over the past month and a year-to-date drop of 11.76%. The company has also underperformed significantly over the past year, with a return of -17.39%, while the broader market (BSE500) has generated positive returns of 4.11% during the same period.<BR><BR>Several factors contribute to the stock's decline. The company has reported negative results for the last two consecutive quarters, with a significant fall in operating profit of -56.24% reported in March. Additionally, net sales over the latest six months have decreased by -59.88%, and profit after tax (PAT) has fallen by -55.68%. These poor financial results indicate a troubling trend in the company's performance, which has led to a perception of weak long-term growth potential.<BR><BR>Despite being net-debt free and having rising investor participation, as evidenced by a 361.29% increase in delivery volume, the stock's valuation remains high with a price-to-book value of 11.2, which is considered expensive compared to its peers. This combination of declining financial metrics and high valuation has contributed to the stock's downward movement, leading to its classification as a strong sell.

Which are the latest news on Bharat Dynamics?

Should I buy, sell or hold Bharat Dynamics Ltd?

What does Bharat Dynamics do?

Bharat Dynamics Limited (BDL) is a leading Indian defense manufacturer specializing in Surface to Air missiles, Anti-Tank Guided Missiles, and torpedoes, exclusively supplying these systems to the Indian Armed Forces. As of March 2026, BDL reported net sales of ₹489 Cr and a net profit of ₹113 Cr, with a market cap of ₹43,731 Cr.

Overview: <BR>Bharat Dynamics Limited (BDL) is a leading defense public sector undertaking in India, engaged in the manufacture of Surface to Air missiles (SAMs), Anti-Tank Guided Missiles (ATGMs), torpedoes, and allied defense equipment within the Aerospace & Defense industry.<BR><BR>History: <BR>Bharat Dynamics was incorporated in the year 1970. It is currently the sole manufacturer of SAMs, torpedoes, and ATGMs in India and is the exclusive supplier of these systems to the Indian Armed Forces. The latest quarterly results reported are for March 2026, showing net sales and profit figures.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 489 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 113 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 43,731 Cr (Mid Cap) <BR><BR>Key Metrics: <BR>P/E: 103.00 <BR>Industry P/E: 42 <BR>Dividend Yield: 0.43% <BR>Debt-Equity: -1.11 <BR>Return on Equity: 9.91% <BR>Price to Book: 10.39 <BR><BR>Contact Details: <BR>Address: Kanchanbagh Post, Hyderabad Telangana: 500258 <BR>Tel: 91-40-24344979 <BR>Email: investors@bdl-india.com <BR>Website: http://www.bdl-india.com

How big is Bharat Dynamics?

As of 10th June, Bharat Dynamics Ltd has a market capitalization of 43,731.00 Cr, with recent net sales of 2,415.35 Cr and a net profit of 420.33 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Bharat Dynamics Ltd has a market capitalization of 43,731.00 Cr, categorizing it as a Mid Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 2,415.35 Cr, while the sum of Net Profit for the same period is 420.33 Cr.<BR><BR>Balance Sheet Snapshot: The latest reporting period for the balance sheet is March 2019. Shareholder's Funds are valued at 924.14 Cr, and Total Assets amount to 4,062.83 Cr.

Who are in the management team of Bharat Dynamics?

The management team of Bharat Dynamics includes Siddharth Mishra (Chairman & Managing Director), P Radhakrishna (Director - Production), N. Srinivasalu (Director - Finance & CFO), and A. Madhavarao (CMD & Director - Technical), along with several independent and government-nominated directors. This diverse team provides essential expertise for the company's operations and governance.

The management team of Bharat Dynamics includes the following key members:<BR><BR>1. **Siddharth Mishra** - Chairman & Managing Director<BR>2. **P Radhakrishna** - Director (Production)<BR>3. **N. Srinivasalu** - Director (Finance) & CFO<BR>4. **N Nagaraja** - Company Secretary & Compliance Officer<BR>5. **A. Madhavarao** - CMD & Director (Technical)<BR><BR>Additionally, there are several independent directors and nominees on the board:<BR><BR>- **Chandraker Bharti** - Nominee (Government)<BR>- **Sunil Chintaman Mone** - Independent Director<BR>- **Sanhamitra Mishra** - Independent Director<BR>- **Rajendra Singh Shekhawat** - Independent Director<BR>- **Nanda Kumar Subburaman** - Independent Director<BR>- **Pawan Sthapak** - Independent Director<BR>- **Jaswant Lal Sonkar** - Non-Official Director<BR><BR>This diverse team brings a mix of expertise in various areas crucial to the company's operations and governance.

Who are the peers of the Bharat Dynamics?

Bharat Dynamics' peers include Bharat Electron, Hind.Aeronautics, Mazagon Dock, Cochin Shipyard, Garden Reach Ship., Data Pattern, MTAR Technologie, Zen Technologies, and Apollo Micro Sys. In terms of management risk, growth, and capital structure, Bharat Dynamics is rated as good, with a 1-year return of -37.68%, lower than its peers.

Peers: The peers of Bharat Dynamics are Bharat Electron, Hind.Aeronautics, Mazagon Dock, Cochin Shipyard, Garden Reach Sh., Data Pattern, MTAR Technologie, Zen Technologies, and Apollo Micro Sys.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bharat Electron, Hind.Aeronautics, Garden Reach Sh., while Good management risk is found at Bharat Dynamics, Cochin Shipyard, Data Pattern, Zen Technologies, and the rest. Average management risk is noted at MTAR Technologie and Apollo Micro Sys. In terms of Growth, Excellent growth is seen at Bharat Electron, Hind.Aeronautics, Garden Reach Sh., and Zen Technologies, while Below Average growth is found at Bharat Dynamics and Cochin Shipyard, and the rest. Good growth is observed at Data Pattern, while Average growth is noted at MTAR Technologie and Apollo Micro Sys. For Capital Structure, Excellent capital structure is present at Bharat Electron, Hind.Aeronautics, Mazagon Dock, Cochin Shipyard, Garden Reach Sh., and the rest, while Good capital structure is seen at MTAR Technologie and Average capital structure at Apollo Micro Sys.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Apollo Micro Sys at 104.19%, while the peer with the lowest is Mazagon Dock at -28.41%. Bharat Dynamics has a 1-year return of -37.68%, which is lower than both. Additionally, the six-month return is negative for Hind.Aeronautics, Mazagon Dock, Cochin Shipyard, and Bharat Dynamics.

When is the next results date for Bharat Dynamics Ltd?

The next results date for Bharat Dynamics Ltd is 28 May 2026.

The next results date for Bharat Dynamics Ltd is scheduled for 28 May 2026.

Has Bharat Dynamics Ltd declared dividend?

Yes, Bharat Dynamics Ltd has declared a dividend of 90%, amounting to ₹0.65 per share, with an ex-date of February 9, 2026. The company has shown strong total returns over various periods, particularly in the long term.

Bharat Dynamics Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 90%<BR>- Amount per share: 0.65<BR>- Ex-date: 09 Feb 26<BR><BR>Dividend Yield: 0.34%.<BR><BR>Total Returns by Period:<BR>Over the last 3 months, Bharat Dynamics Ltd experienced a price return of -13.34%, a dividend return of 0.30%, resulting in a total return of -13.04%.<BR><BR>In the last 6 months, the company saw a price return of -15.24%, a dividend return of 0.33%, leading to a total return of -14.91%.<BR><BR>For the 1-year period, there was a price return of 5.51%, a dividend return of 0.76%, culminating in a total return of 6.27%.<BR><BR>Over the past 2 years, the price return was 50.64%, with a dividend return of 2.37%, resulting in a total return of 53.01%.<BR><BR>In the 3-year period, the price return reached 186.05%, while the dividend return was 6.12%, giving a total return of 192.17%.<BR><BR>For the last 4 years, the company achieved a price return of 444.01%, a dividend return of 13.32%, leading to a total return of 457.33%.<BR><BR>Finally, over the past 5 years, Bharat Dynamics Ltd recorded a price return of 696.25%, with a dividend return of 23.81%, resulting in a total return of 720.06%.<BR><BR>Overall, Bharat Dynamics Ltd has declared a significant dividend and has shown strong total returns over multiple periods, particularly in the longer term, indicating a positive performance trajectory for investors.

Are Bharat Dynamics Ltd latest results good or bad?

Bharat Dynamics Ltd's latest Q3 FY26 results are poor, with a 52.18% decline in net sales and a 66.22% drop in net profit, raising concerns about operational sustainability and reliance on non-operating income. Investors should approach the stock with caution due to significant volatility and underlying weaknesses.

Bharat Dynamics Ltd's latest results for Q3 FY26 indicate a challenging quarter, reflecting significant operational difficulties. The company reported a net sales decline of 52.18% sequentially, falling to ₹548.56 crores from ₹1,147.08 crores in the previous quarter. This sharp drop in revenue was accompanied by a substantial decrease in net profit, which fell by 66.22% to ₹72.92 crores.<BR><BR>Moreover, the operating profit margins, excluding other income, compressed dramatically to 4.74% from 16.35% in the previous quarter. This margin compression raises concerns about the sustainability of the company's core business profitability, especially since a staggering 94.18% of profit before tax came from non-operating income this quarter.<BR><BR>While the defence sector is benefiting from increased government spending and a push for self-reliance, Bharat Dynamics' performance highlights the volatility inherent in defence manufacturing, where revenues are closely tied to project milestones. The company's reliance on non-operating income and the significant quarter-to-quarter variability in its earnings complicate the outlook for investors.<BR><BR>Overall, the results can be characterized as poor, reflecting both immediate financial challenges and underlying operational weaknesses. Investors may need to approach the stock with caution, considering the current volatility and dependency on non-core income sources.

Is Bharat Dynamics technically bullish or bearish?

As of 26 November 2025, Bharat Dynamics has shifted to a mildly bearish trend due to bearish MACD and moving averages, despite some mixed signals from Bollinger Bands and other indicators.

As of 26 November 2025, the technical trend for Bharat Dynamics has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, primarily driven by the bearish MACD on the weekly chart and the bearish moving averages on the daily chart. The Bollinger Bands indicate a bearish trend on the weekly timeframe, while the monthly shows a mildly bullish stance, creating a mixed signal. The KST and OBV are mildly bullish on the weekly and monthly charts, but overall, the bearish indicators outweigh the bullish ones at this time.

How has been the historical performance of Bharat Dynamics?

Bharat Dynamics has shown fluctuating financial performance, with net sales and operating income increasing in March 2025, but rising expenditures led to declines in operating profit, profit before tax, and profit after tax, resulting in reduced profit margins. Overall, while sales grew, profitability challenges remain.

Answer:<BR>The historical performance of Bharat Dynamics shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Bharat Dynamics has experienced varied net sales over the years, with a notable increase to 3,323.07 crore in March 2025 from 2,350.58 crore in March 2024, following a dip in the previous year. Total operating income also rose to 3,345.05 crore in March 2025, up from 2,369.28 crore in March 2024. However, total expenditure increased significantly to 2,872.68 crore in March 2025 from 1,832.72 crore in March 2024, impacting operating profit, which decreased to 472.37 crore from 536.56 crore. Despite this, profit before tax showed a decline to 748.76 crore in March 2025 from 828.24 crore in March 2024, while profit after tax also fell to 549.65 crore from 612.72 crore. The earnings per share decreased to 14.99 in March 2025 from 16.72 in March 2024. The operating profit margin declined to 14.21% in March 2025 from 22.83% in March 2024, and the profit after tax margin also decreased to 16.54% from 26.07%. Overall, while Bharat Dynamics saw growth in sales and operating income, the rising costs and declining profit margins indicate challenges in maintaining profitability.

Who are the top shareholders of the Bharat Dynamics?

The top shareholder of Bharat Dynamics is the President of India, holding 74.93% of shares. Other significant shareholders include Life Insurance Corporation of India (2.79%), individual investors (10.84%), mutual funds (4.98%), and foreign institutional investors (3.26%).

The top shareholders of Bharat Dynamics include the President of India, who holds a significant 74.93% of the shares, making them the largest promoter. Other notable shareholders include Life Insurance Corporation of India, which holds 2.79%, and individual investors, who collectively own 10.84%. Additionally, mutual funds are represented by 26 schemes with a combined holding of 4.98%, while foreign institutional investors (FIIs) hold 3.26% through 114 different entities. There are no pledged promoter holdings reported.

Is Bharat Dynamics overvalued or undervalued?

Bharat Dynamics is currently overvalued with a PE ratio of 128.93 and significantly higher EV ratios compared to its peers in the Aerospace & Defense sector, despite a strong year-to-date stock performance of 72.44%.

As of 1 April 2022, Bharat Dynamics has moved from an expensive to a very expensive valuation grade. The company is currently overvalued, with a PE ratio of 128.93, an EV to EBIT ratio of 167.78, and an EV to EBITDA ratio of 142.67. These ratios indicate a significant premium compared to typical industry benchmarks, suggesting that the stock price does not align with its earnings potential.<BR><BR>In comparison to its peers, Bharat Dynamics stands out with a notably high PE ratio, while other companies in the Aerospace & Defense sector typically exhibit lower valuations. For instance, if we consider similar firms, they often have PE ratios significantly below 100, which highlights the disparity. Additionally, the company's recent stock performance has outpaced the Sensex, with a year-to-date return of 72.44% compared to the Sensex's 5.58%, yet this does not mitigate the overvaluation concern.