Bharat Dynamics share price
NSE: BDLBSE: 541143Aerospace & DefenseMid Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,052.50.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹37,298 Cr198th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Aug 2026
- 71.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 May 2026
- 8.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.48%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- 12.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 6.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 11,95,88233.5% delivered
Results
Standalone; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 14 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹572 Crup 19.17%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹119 Crup 4.96%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 20.8%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 15 Nov | Dec 2024Filed 7 Feb | Mar 2025Filed 1 Aug | Jun 2025Filed 12 Aug | Sep 2025Filed 19 Jan | Dec 2025Filed 31 Jan | Mar 2026Filed 28 May | Jun 2026Filed 14 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 545 | 832 | 1,777 | 248 | 1,147 | 567 | 480 | 572 |
| Net profit | 123 | 147 | 273 | 18 | 216 | 73 | 113 | 119 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 22.5% | 17.7% | 15.4% | 7.4% | 18.8% | 12.9% | 23.6% | 20.8% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacture of Weapons systems, which carries all its revenue.
Valuation
Today, against the company's own history.PE ratio and valuation history
At or below today's level on 69% of 1,903 trading days since Feb 2019.
At or below today's level on 65% of 1,970 trading days since Nov 2018.
At or below today's level on 82% of 1,903 trading days since Feb 2019.
At or below today's level on 33% of 2,094 trading days since May 2018.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −14.0% | −23.5% | +11.8% | 0.4% |
| 3 years | +30.9% | +6.1% | +22.9% | 0.5% |
| 5 years | +46.6% | +10.3% | +32.2% | 0.8% |
Mutual funds holding it
122 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 70 of the 87 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 8
- AddedAdded. Funds that held more shares than at the end of the month before.
- 37
- CutCut. Funds that held fewer shares than at the end of the month before.
- 50
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 26
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 5
| Fund | |||
|---|---|---|---|
 HDFC Defence FundHDFC Mutual Fund | 33,00,902 | 3.19% | ₹366.4 Cr |
 Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund | 31,35,290 | 1.75% | ₹348.0 Cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund | 21,00,000 | 0.23% | ₹233.1 Cr |
 Invesco India Contra FundInvesco Mutual Fund | 16,08,160 | 0.93% | ₹178.5 Cr |
| Motilal Oswal Nifty India Defence Index FundMotilal Oswal Mutual Fund | 12,42,803 | 2.54% | ₹138.0 Cr |
 Nippon India Small Cap FundNippon India Mutual Fund | 11,97,856 | 0.16% | ₹133.0 Cr |
| Nippon India Multi Asset Allocation FundNippon India Mutual Fund | 7,87,049 | 0.48% | ₹87.4 Cr |
| Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund | 7,24,000 | 1.64% | ₹80.4 Cr |
| Nippon India Power & Infra FundNippon India Mutual Fund | 6,44,555 | 0.91% | ₹71.6 Cr |
 Edelweiss Mid Cap FundEdelweiss Mutual Fund | 6,06,257 | 0.35% | ₹67.3 Cr |
Peers and competitors
Aerospace & Defense, 35 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Bharat Dynamics in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Hindustan AeronauticsHAL | 3,15,996 | 33.9 | 7.7 | 26.9 | +7.4% | +12.2% | 24.5% | 20.8% | 0.95% |
 Bharat ElectronicsBEL | 2,64,614 | 43.1 | 11.0 | 31.2 | +19.8% | +11.7% | 28.0% | 31.7% | 0.69% |
 Garden Reach Shipbuilders & EngineersGRSE | 21,318 | 26.6 | 8.1 | 21.5 | +39.6% | +42.9% | 34.0% | 29.8% | 1.05% |
 Data Patterns (India)DATAPATTNS | 21,230 | 79.2 | 12.2 | 56.6 | +33.8% | +24.9% | 16.5% | 20.2% | 0.26% |
 AequsAEQUS | 15,798 | – | 10.6 | – | – | – | – | – | 0.00% |
 Sigma Advanced SystemsSIGMAADV | 14,839 | – | – | – | – | – | – | 13.0% | 0.00% |
 Astra Microwave ProductsASTRAMICRO | 14,099 | 74.6 | 10.7 | 43.4 | +4.0% | +16.3% | 15.7% | 17.4% | 0.16% |
 Apollo Micro SystemsAPOLLO | 13,926 | 114.5 | 10.6 | 61.9 | +69.1% | +83.0% | 12.7% | 11.2% | 0.07% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 21 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.40 |
| 9 Feb 2026 | Interim | ₹4.50 |
| 19 Sep 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.65 |
| 14 Feb 2025 | Interim | ₹4.00 |
| 23 Sep 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹0.85 |
| 2 Apr 2024 | Interim | ₹8.85 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
16 Oct · Management
15 Oct · Business
7 Oct · Management
Sep 2026
Bharat Dynamics share price by year
Each calendar year to 2025.Bharat Dynamics share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,466.50 | +30.6% | 2,015.50 | 975.40 |
| 2024 | 1,122.85 | +31.1% | 1,731.85 | 792.53 |
| 2023 | 856.18 | +81.4% | 882.55 | 400.05 |
| 2022 | 472.05 | +142.4% | 497.80 | 194.60 |
| 2021 | 194.78 | +14.5% | 222.05 | 162.25 |
| 2020 | 170.18 | +15.6% | 229.83 | 79.05 |
| 2019 | 147.23 | +6.6% | 175.65 | 112.63 |
| 2018 | 138.13 | – | 207.80 | 133.88 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 1,050.00 | 1,054.00 | 1,000.00 | 1,017.50 | 1,016.14 | 11,95,882 | 33.5% |
| 22 Oct 2026 | 1,058.20 | 1,064.50 | 1,038.40 | 1,052.50 | 1,051.32 | 5,69,983 | 22.9% |
| 21 Oct 2026 | 1,082.00 | 1,091.10 | 1,057.00 | 1,070.00 | 1,067.08 | 7,32,342 | 42.3% |
| 19 Oct 2026 | 1,112.00 | 1,114.70 | 1,085.00 | 1,088.00 | 1,097.34 | 3,66,812 | 31.4% |
| 16 Oct 2026 | 1,130.00 | 1,135.00 | 1,112.30 | 1,114.70 | 1,123.37 | 4,72,788 | 24.9% |
| 15 Oct 2026 | 1,121.00 | 1,138.40 | 1,115.70 | 1,126.30 | 1,128.75 | 7,33,626 | 23.3% |
| 14 Oct 2026 | 1,125.90 | 1,141.80 | 1,120.10 | 1,129.00 | 1,130.33 | 9,97,407 | 39.3% |
| 13 Oct 2026 | 1,086.00 | 1,126.70 | 1,076.00 | 1,125.90 | 1,110.97 | 7,99,795 | 30.5% |
| 12 Oct 2026 | 1,081.30 | 1,103.00 | 1,081.30 | 1,089.00 | 1,093.28 | 5,09,519 | 23.6% |
| 9 Oct 2026 | 1,056.00 | 1,084.70 | 1,051.60 | 1,075.90 | 1,072.10 | 8,90,171 | 34.8% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 24 May 2024 | Split | 0.5000 | Each share became 2. |
About Bharat Dynamics
Bharat Dynamics Limited develops and manufactures guided missiles and allied defence products. It is a Government of India Enterprise under the Ministry of Defence. Its products equip all three branches of the Indian Armed Forces, and it supplies selected defence equipment to friendly foreign countries. The company signs a memorandum of understanding with the Ministry of Defence every year.
The company makes Surface to Air Missiles, Air to Air Missiles, Anti-Tank Guided Missiles, torpedoes and allied defence equipment. Its product range is grouped into surface to air and air to air missiles, anti-tank guided missiles, torpedoes, launchers, counter measures and test equipment. Its products are made through in-house research and development as well as under technology transfer.
The registered office is at Kanchanbagh, Hyderabad, and the corporate office is in the Financial District of Hyderabad. The company has three manufacturing units: Kanchanbagh in Hyderabad and Bhanur in Sangareddy district, both in Telangana, and Visakhapatnam in Andhra Pradesh. Each unit is certified to the ISO 14001:2015 environmental management system standard, and all its production divisions hold the AS 9100D certification for aerospace quality management. It exports selected defence equipment and has entered into strategic alliances with public and private sector companies.
The company was established in 1970 and its headquarters are at Hyderabad. It began as a single-product assembly operation and has grown into a multi-product, multi-location weapon system integrator.
- Legal name
- Bharat Dynamics Limited
- NSE symbol
- BDL
- BSE code
- 541143
- ISIN
- INE171Z01026
- Industry
- Aerospace & Defense
- Listed
- Mar 2018
- Face value
- ₹5
- CIN
- L24292TG1970GOI001353
- Corporate identity number, the registrar of companies' code for it