Bharat Dynamics share price, P/E, ROE & financials

On 6 Nov 2026, Bharat Dynamics was priced at ₹1,060.00, or 74.6× trailing earnings, against an industry P/E of 54.7×, and the shares are 35% below their 52-week high. Its ROCE of 7.2% is the lowest among the 7 largest Aerospace & Defense peers, and sales fell 0.9% a year over 3 years while net profit grew 6.1%, though net profit is above operating profit, which points to a one-off gain. It has almost no debt, and its dividend yield is 0.5%. It is a mid-cap company with a market cap of ₹38,856 Cr, ranked 4th of 27 Aerospace & Defense companies by market cap; the shares fell 27% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹1,068.00
Day high: ₹1,068.00
Day low: ₹1,030.00
Prev. close: ₹1,075.00
Volume: 14.1 L

Health check

1 fair · 4 to check

ReturnsBehind
−27.4% over a year, better than 2 of 7 peers.
Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
GrowthSlow
Sales −0.9%, profit +6.1% a year over 3 years.
ProfitabilityWeak
ROCE 7.2% vs peer median 28.5%.
Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
Red flags2 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Aerospace & Defense

26 listed peers. Screen the industry

Mid cap

₹38,856 Cr, #4 of 27 in its industry by size.

Defensive

Beta 0.39 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹2,766 Cr · profit ₹521 Cr

Market cap: ₹38,856 Cr; Mid cap
P/E: 74.6; Industry 54.7
Price to book: 9.16; Peers 9.32
Dividend yield: 0.46%
ROE: 10.2%; Peers 24.0%
ROCE: 7.2%; Peers 28.5%
Debt to equity: 0.00; Debt ₹0.32 Cr
EPS (TTM): ₹14.21; Face value ₹5
OPM (TTM): 12.8%; Net margin 18.8%
Sales growth: +144.8%; Latest quarter vs a year ago
Profit growth: +547.4%; Latest quarter vs a year ago
Price to sales: 14.05; EV/EBITDA 97.3

Strengths

Practically debt-free.
Quarterly profit up 547.4% on a year ago.
Quarterly sales up 144.8% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Net profit is above operating profit, so a one-off gain is likely flattering earnings.
35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Bharat Dynamics

Bharat Dynamics Limited manufactures and sells guided missiles, underwater weapons, air-borne products, and allied defense equipment in India. The company offers light weight torpedoes, Varunastra or heavy-weight torpedoes, medium-range surface-to-air missile, dishani, quick reaction surface-to-air missile, multi-influential ground mines, vertically launched-short range surface-to-air missile, flame, Konkurs launcher test equipment, Akash and Astra weapon…

Headquarters: Hyderabad
Employees: 2,101
Sector: Industrials
ISIN: INE171Z01026
Website: bdl-india.in

Price range

52 weeks

₹974.00₹1,633.40

Today

₹1,030.00₹1,068.00

Avg volume (3M): 12.9 L
1-year return: minus 27.4%
From 52-week high: minus 35.1%

Analyst consensus

16 analysts

HoldMean target ₹1,331.38 25.6%

Target range, with today’s price

Low ₹1,050.00High ₹1,610.00

Next results expected around 12 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Aerospace & Defense

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
HALHindustan Aeronautics	4,980.00	minus 1.25%	3,33,050	35.7	28.5	13.8%	25.3%	0.00	6.4%	plus 7.6%
BELBharat Electronics	396.00	plus 0.23%	2,89,467	45.3	33.7	31.9%	28.2%	0.00	15.5%	minus 4.8%
MAZDOCKMazagoan Dock Shipbuilders	1,840.00	plus 0.05%	74,222	30.3	21.9	28.5%	16.2%	0.08	19.6%	minus 31.5%
BDLBharat Dynamics	1,060.00	minus 1.40%	38,856	74.6	152.1	7.2%	12.8%	0.00	−0.9%	minus 27.4%
COCHINSHIPCochin Shipyard	1,220.00	minus 1.05%	32,096	47.2	30.3	16.7%	12.6%	0.28	26.9%	minus 30.3%
GRSEGarden Reach Shipbuilders & Engineers	2,135.70	minus 0.07%	24,465	30.6	25.8	36.8%	11.0%	0.01	40.0%	minus 16.4%
DATAPATTNSData Patterns (India)	3,767.70	minus 4.85%	21,093	87.8	54.8	20.4%	39.6%	0.00	26.8%	plus 46.6%
SIGMAADVSIGMA ADVANCED SYSTEMS	909.25	minus 2.25%	17,269	98.4	264.6	52.6%	14.9%	0.71	528.7%	plus 319.3%
Median of 7 peers	–	−1.05%	32,096	45.3	30.3	28.5%	16.2%	0.01	26.8%	−4.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
231	1,147	549	489	566
276	960	523	433	483
−45.4	188	26	55.2	83.1
−19.6%	16.3%	4.7%	11.3%	14.7%
86.9	121	97.2	119	103
0.7	1.3	0.7	0.7	0.6
17.7	19.1	19.3	19.8	20.2
23.1	288	103	154	166
20.7%	24.9%	29.3%	26.5%	28.3%
18.3	216	72.9	113	119
0.50	5.89	1.99	3.09	3.24

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −0.9%
Profit CAGR 3Y: +6.1%
EPS CAGR 3Y: +6.1%
ROE: 10.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,479	2,359	3,323	2,415
–	minus 4.9%	+40.9%	minus 27.3%
2,070	1,822	2,850	2,191
409	537	473	225
16.5%	22.8%	14.2%	9.3%
152	359	347	420
3.1	1.7	1.9	2
77.3	67	70.7	75.9
1.4	1.2	1.2	1.1
482	828	749	568
26.9%	26.0%	26.6%	26.0%
352	613	550	420
–	+74.0%	minus 10.3%	minus 23.5%
9.61	16.72	14.99	11.47

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
183	183	183	183
3,028	3,454	3,826	4,058
5.2	3.7	2.1	0.3
5,456	6,699	7,731	10,020
8,672	10,340	11,742	14,261
783	805	864	1,015
81.5	80	145	266
3,859	4,210	4,175	4,694
3,949	5,244	6,558	8,286
8,672	10,340	11,742	14,261

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,130	412	167	604
−1,171	−722	−407	320
−171	−148	−220	−194
788	−459	−460	729
−108	−80.9	−283	−229
2,022	331	−115	375
−167	−145	−217	−190

Shareholding pattern

Source: NSE filings

74.9%

promoters

Promoters74.93%
Public25.07%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	74.93%	25.07%	0.00
30 Jun 2026	74.93%	25.07%	0.00
31 Mar 2026	74.93%	25.07%	0.00
31 Dec 2025	74.93%	25.07%	0.00
30 Sep 2025	74.93%	25.07%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you