HAL vs Bharat Dynamics: share price, P/E, ROE and financials compared
Hindustan Aeronautics
Bharat Dynamics
HAL and Bharat Dynamics at a glance
HAL and Bharat Dynamics are both listed in Capital Goods. HAL is the larger by market cap, at ₹3.3L Cr against ₹38,856 Cr for Bharat Dynamics (8.6 times as large). On valuation, HAL has the lower price-to-book (8.12× against 9.16×). On returns and margins, HAL has the higher operating margin (25.3% against 12.8%). Over three years, HAL has faster 3-year sales growth (+6.4% against −0.9% a year). Neither carries much debt for its equity: debt-to-equity is 0.00× for HAL and 0.00× for Bharat Dynamics.
Key metrics, side by side
| Metric | HALHAL | Bharat DynamicsBDL |
|---|---|---|
| Price (₹) | 4,980.00 | 1,060.00 |
| Market cap (₹ Cr) | 3,33,050 | 38,856 |
| P/E | 35.7× | 74.6× |
| P/B | 8.12× (the lower figure, shaded) | 9.16× |
| Dividend yield, trailing | 0.90% (the higher figure, shaded) | 0.46% |
| ROE | 24.0% | 10.2% |
| ROCE | 13.8% | 7.2% |
| Operating margin (OPM) | 25.3% (the higher figure, shaded) | 12.8% |
| Net margin (NPM) | 27.6% | 18.8% |
| Sales CAGR 3Y | +6.4% (the higher figure, shaded) | −0.9% |
| Profit CAGR 3Y | +16.1% | +6.1% |
| Debt to equity | 0.00× | 0.00× |
| Interest cover | 2099.8× (the higher figure, shaded) | 285.3× |
| Net profit TTM (₹ Cr) | 9,322 | 521 |
| 1Y return | +7.6% (the higher figure, shaded) | −27.4% |
| Promoter holding | 71.64% | – |
HAL vs Bharat Dynamics: common questions
Which is bigger, HAL or Bharat Dynamics?
By market cap, HAL is bigger at ₹3.3L Cr, against ₹38,856 Cr for Bharat Dynamics (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹9,322 Cr for HAL and ₹521 Cr for Bharat Dynamics.
Which has a lower P/E ratio, HAL or Bharat Dynamics?
HAL trades at a P/E of 35.7× and Bharat Dynamics at 74.6×. Bharat Dynamics’s P/E isn’t ranked because its profit includes a one-off gain. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, HAL or Bharat Dynamics?
HAL reports a return on equity of 24.0% and Bharat Dynamics 10.2%. Bharat Dynamics’s ROE isn’t ranked because its profit includes a one-off gain. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, HAL or Bharat Dynamics?
Over the last three years: Sales grew +6.4% a year at HAL and −0.9% at Bharat Dynamics, so HAL grew sales faster; profit grew +16.1% a year at HAL and +6.1% at Bharat Dynamics. Past growth doesn’t predict future growth.