BHARAT DYNAMICS LIMITED (BDL) financials

BHARAT DYNAMICS LIMITED (BDL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Bharat Dynamics (BDL), is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments[1][2].

Market Cap: ₹39,222Cr.
Current Price: ₹1,070
Stock P/E: 75.3
ROE: 10.2%
ROCE: 13.9%
Book Value: ₹116
Dividend Yield: 0.46%
52W High / Low: ₹1,633/1,048

In Jun 2026, BHARAT DYNAMICS LIMITED (BDL) reported sales ₹572 Cr and net profit ₹119 Cr.

Annual TTM: sales ₹2,766 Cr, net profit ₹521 Cr.

Shareholding: Promoters 74.93% (Sep 2026), FIIs 1.76% (Sep 2026), DIIs 10.80% (Sep 2026), Public 12.52% (Sep 2026), No. of Shareholders 5,72,065% (Sep 2026).

BDL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	545	832	1,777	248	1,147	567	480	572
Expenses	446	705	1,478	293	960	541	425	489
Operating Profit	99	127	299	-45	188	26	55	83
OPM %	18%	15%	17%	-18%	16%	4.6%	12%	15%
Other Income	86	84	100	87	121	97	119	103
Interest	1	1	1	1	1	1	1	1
Depreciation	18	18	20	18	19	19	20	20
Profit before tax	166	193	378	23	288	103	154	166
Tax %	26%	24%	28%	21%	25%	29%	26%	28%
Net Profit	123	147	273	18	216	73	113	119
EPS in Rs	3.34	4.01	7.44	0.50	5.89	1.99	3.09	3.24
Raw PDF	—	—	—	—	—	—	—	—

BDL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	3,105	1,914	2,817	2,489	2,369	3,345	2,442	2,766
Expenses	2,349	1,568	2,090	2,080	1,832	2,872	2,217	2,414
Operating Profit	756	346	727	409	537	473	225	352
OPM %	24%	18%	26%	16%	23%	14%	9%	13%
Other Income	88	95	78	155	362	350	424	440
Interest	5	5	5	6	4	4	5	3
Depreciation	96	95	90	77	67	71	76	79
Profit before tax	742	341	710	482	828	749	568	710
Tax %	28%	24%	30%	27%	26%	27%	26%	—
Net Profit	535	258	500	352	613	550	420	521
EPS in Rs	14.59	7.03	13.64	9.61	16.71	14.99	11.47	14.21
Dividend Payout %	30%	52%	30%	49%	32%	31%	43%	—

BDL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	183	183	183	183	183	183	183	183
Reserves	2,085	2,424	2,501	2,847	3,028	3,454	3,826	4,058
Borrowings	5	15	11	10	9	8	7	5
Other Liabilities	3,250	3,128	3,334	3,595	5,535	6,781	7,795	10,080
Total Liabilities	5,523	5,750	6,030	6,636	8,756	10,426	11,811	14,326
Fixed Assets	957	932	915	874	809	824	857	878
CWIP	47	42	22	41	74	73	230	299
Investments	4	4	5	0	0	0	4	4
Other Assets	4,516	4,771	5,089	5,721	7,873	9,530	10,719	13,145
Total Assets	5,523	5,750	6,030	6,636	8,756	10,426	11,811	14,326

BDL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	84	504	1,068	530	2,130	412	167	604
Cash from Investing Activity	170	-33	-734	-573	-1,171	-722	-407	320
Cash from Financing Activity	-268	-191	-173	-149	-171	-148	-220	-194
Net Cash Flow	-15	280	162	-192	788	-459	-460	729
Free Cash Flow	-5	447	1,012	428	2,022	331	-115	375
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	61%	90%	332%	101%	574%	106%	78%	366%

BDL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
FIIs	3.09%	3.25%	3.77%	2.43%	2.29%	2.02%	1.69%	1.76%
DIIs	8.70%	9.45%	10.10%	11.30%	10.94%	10.97%	11.53%	10.80%
Public	13.26%	12.35%	11.19%	11.34%	11.83%	12.10%	11.85%	12.52%
No. of Shareholders	5,94,284	5,67,591	5,41,535	5,37,004	5,51,090	5,68,164	5,60,750	5,72,065

BDL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	63	40	62	39	27	48	90	63
Inventory Days	380	222	636	534	584	841	590	1,400
Days Payable	115	83	322	171	142	325	328	846
Cash Conversion Cycle	328	178	375	403	469	564	353	617
Working Capital Days	128	195	169	144	237	322	207	264
ROCE %	32%	31%	13%	26%	16%	24%	20%	14%

BDLUpdated 22 Oct 2026, 5:11

Bharat Dynamics Limited

BDLUpdated 22 Oct 2026, 5:11

Market Cap

₹39,222Cr.

Current Price

₹1,070

High / Low

₹1,633/1,048

Stock P/E

75.3

ROE10.2%

ROCE13.9%

Book Value₹116

Face Value₹5.00

Dividend Yield0.46%

About

Bharat Dynamics (BDL), is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments[1][2].

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	298	1	330	107	17	57	27	42	1.14
Sep 2023	616	1	482	78	17	194	24	147	4.01
Dec 2023	602	1	483	88	16	189	29	135	3.68
Mar 2024	854	1	538	88	16	388	26	289	7.88
Jun 2024	191	1	243	80	16	11	36	7	0.2
Sep 2024	545	1	446	86	18	166	26	123	3.34
Dec 2024	832	1	705	84	18	193	24	147	4.01
Mar 2025	1777	1	1478	100	20	378	28	273	7.44
Jun 2025	248	1	293	87	18	23	21	18	0.5
Sep 2025	1147	1	960	121	19	288	25	216	5.89
Dec 2025	567	1	541	97	19	103	29	73	1.99
Mar 2026	480	1	425	119	20	154	26	113	3.09
Jun 2026	572	1	489	103	20	166	28	119	3.24

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	2841	5	2564	439	67	644	31	444	7.65
Mar 2016	4079	5	3564	385	53	841	33	562	11.24
Mar 2017	4887	4	4317	300	62	803	35	524	10.92
Mar 2018	4588	4	3919	173	63	774	32	528	14.41
Mar 2019	3069	5	2446	136	82	671	37	423	11.53
Mar 2020	3105	5	2349	88	96	742	28	535	14.59
Mar 2021	1914	5	1568	95	95	341	24	258	7.03
Mar 2022	2817	5	2090	78	90	710	30	500	13.64
Mar 2023	2489	6	2080	155	77	482	27	352	9.61
Mar 2024	2369	4	1832	362	67	828	26	613	16.71
Mar 2025	3345	4	2872	350	71	749	27	550	14.99
Mar 2026	2442	5	2217	424	76	568	26	420	11.47
TTM	2766	3	2414	440	79	710	—	521	14.21

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.93%
FIIs	1.76%
DIIs	10.8%
Public	12.52%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	74.93%	3.09%	13.32%	8.64%
Mar 2024	74.93%	2.95%	12.39%	9.72%
Jun 2024	74.93%	3.06%	9.52%	12.49%
Sep 2024	74.93%	2.94%	8.46%	13.67%
Dec 2024	74.93%	3.09%	8.7%	13.26%
Mar 2025	74.93%	3.25%	9.45%	12.35%
Jun 2025	74.93%	3.77%	10.1%	11.19%
Sep 2025	74.93%	2.43%	11.3%	11.34%
Dec 2025	74.93%	2.29%	10.94%	11.83%
Mar 2026	74.93%	2.02%	10.97%	12.1%
Jun 2026	74.93%	1.69%	11.53%	11.85%
Sep 2026	74.93%	1.76%	10.8%	12.52%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	115	1538	0	6759	8412	518	142	3	7749	8412
Mar 2016	98	1753	4	7786	9641	697	126	3	8815	9641
Mar 2017	122	2073	4	6208	8407	757	136	3	7511	8407
Mar 2018	183	1773	4	4697	6657	868	130	239	5420	6657
Mar 2019	183	2085	5	3250	5523	957	47	4	4516	5523
Mar 2020	183	2424	15	3128	5750	932	42	4	4771	5750
Mar 2021	183	2501	11	3334	6030	915	22	5	5089	6030
Mar 2022	183	2847	10	3595	6636	874	41	0	5721	6636
Mar 2023	183	3028	9	5535	8756	809	74	0	7873	8756
Mar 2024	183	3454	8	6781	10426	824	73	0	9530	10426
Mar 2025	183	3826	7	7795	11811	857	230	4	10719	11811
Mar 2026	183	4058	5	10080	14326	878	299	4	13145	14326

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-765	239	-72	-598
Mar 2016	284	149	-324	109
Mar 2017	-420	3	-166	-583
Mar 2018	-342	1047	-769	-63
Mar 2019	84	170	-268	-15
Mar 2020	504	-33	-191	280
Mar 2021	1068	-734	-173	162
Mar 2022	530	-573	-149	-192
Mar 2023	2130	-1171	-171	788
Mar 2024	412	-722	-148	-459
Mar 2025	167	-407	-220	-460
Mar 2026	604	320	-194	729

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	43	13	12	61	63	40	62	39	27	48	90	63
Inventory Days	286	302	276	254	380	222	636	534	584	841	590	1,400
Days Payable	100	202	186	129	115	83	322	171	142	325	328	846
Cash Conversion Cycle	230	114	101	186	328	178	375	403	469	564	353	617
Working Capital Days	-126	-106	-11	44	128	195	169	144	237	322	207	264
ROCE %	—	48%	40%	37%	32%	31%	13%	26%	16%	24%	20%	14%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of BHARAT DYNAMICS LIMITED (BDL)?

The reported market capitalisation for BHARAT DYNAMICS LIMITED (BDL) is ₹39,222Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of BDL?

The current price shown for BHARAT DYNAMICS LIMITED (BDL) on Fincrux is ₹1,070 with a 52-week high/low of ₹1,633/1,048.

What is the P/E ratio of BHARAT DYNAMICS LIMITED (BDL)?

The stock P/E for BHARAT DYNAMICS LIMITED (BDL) is 75.3 on Fincrux, with ROE at 10.2% and ROCE at 13.9%.

What were BDL latest quarterly results?

For Jun 2026, BHARAT DYNAMICS LIMITED (BDL) reported sales ₹572 Cr and net profit ₹119 Cr (figures in ₹ crore unless noted).

What are BDL annual sales and net profit?

For TTM, BHARAT DYNAMICS LIMITED (BDL) shows sales of ₹2,766 Cr and net profit of ₹521 Cr on the Fincrux profit & loss statement.

Who owns BHARAT DYNAMICS LIMITED (BDL)?

Latest shareholding for BHARAT DYNAMICS LIMITED (BDL) on Fincrux: Promoters 74.93% (Sep 2026), FIIs 1.76% (Sep 2026), DIIs 10.80% (Sep 2026), Public 12.52% (Sep 2026), No. of Shareholders 5,72,065% (Sep 2026).

Where can I find BHARAT DYNAMICS LIMITED (BDL) financials?

BHARAT DYNAMICS LIMITED (BDL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show BDL balance sheet and cash flow?

Yes. The BHARAT DYNAMICS LIMITED (BDL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 5:11