Bharat Dynamics shareholders and shareholding pattern

NSE: BDLBSE: 541143Aerospace & DefenseMid Cap

₹1,017.50₹35.00 (3.33%)BSE ₹1,017.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,052.50.

52-week range of traded prices to 23 Oct 2026

₹1,000.00Low, 23 Oct 2026₹1,633.40High, 14 Nov 2025

Market cap: ₹37,298 Cr198th largest listed
P/E: 71.6
P/B: 8.8
Dividend yield: 0.48%
ROE: 12.6%
ROCE: 6.4%
Debt to equity: 0.00
Volume, NSE: 11,95,88233.5% delivered

Who owns Bharat Dynamics, filing by filing

Per cent of the company's shares. Every filing on record, from Mar 2018; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters74.93%
Foreign institutions1.76%
Indian institutions10.80%
GovernmentsNone
Individuals and others12.52%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Mar 2018Filed 12 May	Jun 2018Filed 11 Jul	Sep 2018Filed 14 Jan	Dec 2018Filed 8 Jan	Mar 2019Filed 10 Apr	Jun 2019Filed 9 Jul	Sep 2019Filed 14 Oct	Dec 2019Filed 14 Jan	Mar 2020Filed 15 Apr	Jun 2020Filed 16 Jul	Sep 2020Filed 14 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 7 Apr	Jun 2021Filed 9 Jul	Sep 2021Filed 8 Oct	Dec 2021Filed 7 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 6 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 11 Jul	Sep 2023Filed 12 Oct	Dec 2023Filed 10 Jan	Mar 2024Filed 15 Apr	Jun 2024Filed 10 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 8 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 9 Apr	Jun 2026Filed 9 Jul	Sep 2026Filed 14 Oct
	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
Indian promoters	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.88%	3.24%	2.83%	3.36%	3.09%	3.10%	2.95%	3.05%	2.94%	3.09%	3.26%	3.77%	2.43%	2.30%	2.02%	1.69%	1.76%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.65%	0.00%	2.72%	3.21%	2.99%	2.98%	2.83%	2.85%	2.73%	2.90%	2.94%	3.52%	2.34%	2.22%	1.95%	1.68%	1.75%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.23%	3.24%	0.11%	0.15%	0.10%	0.11%	0.12%	0.21%	0.21%	0.19%	0.31%	0.25%	0.09%	0.07%	0.07%	0.01%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.01%	12.39%	14.10%	13.79%	12.81%	13.32%	12.40%	9.52%	8.47%	8.71%	9.46%	10.10%	11.30%	10.95%	10.97%	11.53%	10.80%
Mutual funds	2.76%	2.95%	2.74%	2.74%	2.76%	3.68%	3.72%	3.68%	3.60%	3.62%	4.00%	4.70%	6.13%	6.89%	7.43%	8.04%	9.00%	8.27%	8.28%	8.70%	8.76%	8.46%	8.41%	9.28%	7.93%	5.67%	4.64%	4.74%	4.98%	4.78%	5.79%	5.52%	5.57%	6.42%	5.85%
Insurance companies	2.64%	2.62%	2.62%	2.62%	2.62%	2.62%	2.88%	2.88%	2.87%	2.87%	12.00%	11.77%	11.33%	11.03%	10.13%	9.33%	7.36%	6.29%	4.67%	3.60%	5.23%	5.20%	4.30%	3.56%	3.95%	3.60%	3.53%	3.65%	4.13%	4.23%	3.74%	3.55%	3.46%	3.35%	3.27%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.01%	0.00%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	0.06%	Under 0.01%	0.09%	0.09%	Under 0.01%	0.08%	0.01%	0.07%
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.70%	1.41%	1.64%	1.65%	1.51%	1.51%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.02%	0.02%	0.02%	0.05%	0.09%	0.00%	0.11%	0.10%	0.48%	0.51%	0.24%	0.22%	0.24%	0.33%	0.29%	0.26%	0.22%	0.20%	0.23%	0.09%
Venture capital funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	0.00%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Clearing Member	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–	–	–	–	–	–	–	–
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.01%	0.01%	–	–	–	–	–	–
Qualified Institutional Buyer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	–
QIB	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	0.00%
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	0.00%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.18%	9.43%	8.15%	7.92%	9.17%	8.65%	9.72%	12.50%	13.67%	13.28%	12.36%	11.21%	11.34%	11.83%	12.09%	11.85%	12.52%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.57%	6.87%	5.89%	5.83%	7.05%	6.47%	7.39%	10.23%	11.71%	11.31%	10.44%	9.52%	9.64%	10.12%	10.32%	10.03%	10.81%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.90%	0.86%	0.80%	0.81%	0.80%	0.79%	0.68%	0.60%	0.50%	0.43%	0.39%	0.34%	0.37%	0.37%	0.29%	0.20%	0.22%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.72%	0.73%	0.69%	0.56%	0.60%	0.53%	0.70%	0.70%	0.49%	0.47%	0.48%	0.43%	0.43%	0.47%	0.53%	0.52%	0.48%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.44%	0.47%	0.39%	0.48%	0.46%	0.47%	0.51%	0.53%	0.38%	0.57%	0.60%	0.47%	0.46%	0.48%	0.49%	0.50%	0.52%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.55%	0.50%	0.38%	0.24%	0.26%	0.38%	0.44%	0.43%	0.59%	0.48%	0.44%	0.43%	0.44%	0.39%	0.47%	0.60%	0.49%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.12%	0.06%	0.01%	Under 0.01%	Under 0.01%	0.04%	0.06%	0.03%	–	0.02%	0.03%	–	0.03%	0.02%	0.11%	0.22%	0.13%
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	–	0.01%	0.01%	0.01%	0.01%	0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.28%	0.29%	0.25%	0.23%	0.25%	0.27%	0.32%	0.35%	0.37%	0.36%	0.32%	–	0.31%	0.33%	0.32%	0.31%	0.32%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.07%	0.05%	0.03%	0.04%	0.05%	0.04%	–	–	Under 0.01%	0.01%	0.04%	0.01%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.14%	0.14%	0.12%	–	–	–	0.01%	0.01%	0.17%	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.04%	–	0.04%	0.04%	0.03%	0.03%	0.03%
Societies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	–	–	–	–
Shares in issue	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500
Shares locked in	16,08,29,297	16,08,29,297	16,08,29,297	16,08,29,297	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Promoters' shares locked in	16,08,29,297	16,08,29,297	16,08,29,297	16,08,29,297	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Bharat Dynamics shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Mar 2018Filed 12 May	Jun 2018Filed 11 Jul	Sep 2018Filed 14 Jan	Dec 2018Filed 8 Jan	Mar 2019Filed 10 Apr	Jun 2019Filed 9 Jul	Sep 2019Filed 14 Oct	Dec 2019Filed 14 Jan	Mar 2020Filed 15 Apr	Jun 2020Filed 16 Jul	Sep 2020Filed 14 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 7 Apr	Jun 2021Filed 9 Jul	Sep 2021Filed 8 Oct	Dec 2021Filed 7 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 6 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 11 Jul	Sep 2023Filed 12 Oct	Dec 2023Filed 10 Jan	Mar 2024Filed 15 Apr	Jun 2024Filed 10 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 8 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 9 Apr	Jun 2026Filed 9 Jul	Sep 2026Filed 14 Oct
All shareholders	1,56,004	1,31,942	1,24,996	1,21,612	1,18,358	1,14,427	1,12,682	1,08,834	1,07,828	1,06,568	1,40,195	1,28,453	1,31,209	1,24,303	1,16,642	1,10,498	1,12,648	1,55,036	1,69,869	1,77,596	1,66,501	1,67,183	1,96,566	2,05,887	2,48,158	4,98,630	5,90,374	5,94,284	5,67,591	5,41,535	5,37,004	5,51,090	5,68,164	5,60,750	5,72,065
	7	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Indian promoters	7	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	1,55,997	1,31,940	1,24,995	1,21,611	1,18,357	1,14,426	1,12,681	1,08,833	1,07,827	1,06,567	1,40,194	1,28,452	1,31,208	1,24,302	1,16,641	1,10,497	1,12,647	1,55,035	1,69,868	1,77,595	1,66,500	1,67,182	1,96,565	2,05,886	2,48,157	4,98,629	5,90,373	5,94,283	5,67,590	5,41,534	5,37,003	5,51,089	5,68,163	5,60,749	5,72,064
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	99	97	80	79	72	66	67	91	103	109	114	136	105	95	87	73	74
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	91	0	72	70	67	61	60	78	91	100	100	122	94	86	79	69	70
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	97	8	9	5	5	7	13	12	9	14	14	11	9	8	4	4
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25	35	28	32	30	57	55	66	249	59	65	80	79	71	72	73	66
Mutual funds	1	1	1	2	2	2	3	3	3	3	4	6	6	6	6	6	8	10	12	18	15	15	15	20	20	24	21	24	26	29	31	29	28	27	29
Insurance companies	5	4	4	4	4	4	6	6	6	6	7	7	7	7	7	7	7	7	7	7	6	7	9	18	16	18	18	15	15	17	20	19	19	16	14
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	2	0	1	1	3	3	2	1	2	1	2	2	2	3
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	3	4	8	0	6	4	12	12	13	13	11	16	26	19	13	14	19	12
Venture capital funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	5	0	0	0	0	0	0	0	0	–	–	–	–	–	0
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	6	6	8	4	6	6	4	6	6	7	7	6
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	190	1	1	1	1	1	1	1	1
Clearing Member	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	56	–	–	–	–	–	–	–	–
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	134	1	1	–	–	–	–	–	–
Qualified Institutional Buyer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	–
QIB	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	0	0	0	0	0	0	–	–	–	–	–	0
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	0
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	1	1	0	0	0	0	0	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,69,743	1,77,462	1,66,391	1,67,070	1,96,462	2,05,763	2,48,035	4,98,472	5,90,021	5,94,115	5,67,411	5,41,318	5,36,819	5,50,923	5,68,004	5,60,603	5,71,924
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,61,605	1,68,997	1,58,698	1,59,500	1,88,439	1,97,196	2,38,059	4,82,889	5,73,514	5,76,964	5,50,062	5,23,155	5,18,955	5,32,551	5,49,018	5,41,352	5,52,380
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25	27	24	26	26	23	21	20	15	16	16	13	15	16	11	8	10
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	659	701	669	666	666	762	882	1,460	1,338	1,284	1,293	1,453	1,325	1,283	1,275	1,272	1,256
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,397	2,586	2,209	3,371	3,517	3,882	4,532	7,275	4,551	8,211	8,676	9,150	8,974	9,259	9,844	10,169	10,178
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	2	2	2	2	3	3	3	3	3
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	1	0	0	1	1	3	4	4	4	3	3	3	4
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	2	2	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5,057	5,151	4,791	3,507	3,813	3,900	4,541	6,825	10,598	7,634	7,357	7,540	7,542	7,806	7,848	7,794	8,091
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	155	66	41	16	13	46	47	68	–	57	48	–	50	40	41	47	38
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	133	131	127	136	130	130	127	122	118	118	117	–	114	113	111	111	112
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,584	3,658	3,413	3,351	3,665	3,716	4,356	6,616	7,231	7,309	7,041	–	7,217	7,485	7,541	7,470	7,762
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	3	5	4	5	8	10	18	21	21	22	–	–	18	19	20	17
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,180	1,293	1,205	–	–	–	1	1	3,228	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	129	129	–	143	150	136	146	162
Societies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18	–	–	–	–

Bharat Dynamics promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is PRESIDENT OF INDIA, 74.93%.Promoter buying and selling

Holder
PRESIDENT OF INDIACentral and state governments	74.93%	27,46,51,054

No promoter shares are reported as pledged.

Largest public holders of Bharat Dynamics, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Bharat Dynamics

Holder	Mar 2018Filed 12 May	Jun 2018Filed 11 Jul	Sep 2018Filed 14 Jan	Dec 2018Filed 8 Jan	Mar 2019Filed 10 Apr	Jun 2019Filed 9 Jul	Sep 2019Filed 14 Oct	Dec 2019Filed 14 Jan	Mar 2020Filed 15 Apr	Jun 2020Filed 16 Jul	Sep 2020Filed 14 Oct	Dec 2020Filed 8 Jan	Mar 2021Filed 7 Apr	Jun 2021Filed 9 Jul	Sep 2021Filed 8 Oct	Dec 2021Filed 7 Jan	Mar 2022Filed 12 Apr	Jun 2022Filed 6 Jul	Sep 2022Filed 18 Oct	Dec 2022Filed 10 Jan	Mar 2023Filed 11 Apr	Jun 2023Filed 11 Jul	Sep 2023Filed 12 Oct	Dec 2023Filed 10 Jan	Mar 2024Filed 15 Apr	Jun 2024Filed 10 Jul	Sep 2024Filed 15 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 8 Apr	Jun 2025Filed 18 Jul	Sep 2025Filed 16 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 9 Apr	Jun 2026Filed 9 Jul	Sep 2026Filed 14 Oct
LIFE INSURANCE CORPORATION OF INDIAInsurance companies	2.23%	2.23%	2.23%	2.23%	2.23%	–	2.23%	2.23%	2.23%	2.23%	10.50%	10.50%	10.23%	9.93%	8.70%	8.00%	6.25%	5.21%	2.80%	1.61%	1.61%	1.88%	1.01%	1.01%	1.43%	1.83%	2.19%	2.30%	2.79%	2.79%	1.87%	1.71%	1.71%	1.71%	1.58%
NPS TRUST- A/C SBI PENSION FUND SCHEME - STATE GOVTProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	1.64%	1.65%	–	1.51%
NPS TRUST- A/C SBI PENSION FUND SCHEMEProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.51%	–
Max Life Insurance Company LimitedInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	1.25%	3.00%	2.82%	2.33%	–	–	–	–	–	–	–	–	–	–	–	–
ABU DHABI INVESTMENT AUTHORITY - LGLINVInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	1.32%	1.34%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
STATE BANK OF INDIAFinancial Institution Or Banks	–	–	–	–	–	–	–	–	–	–	1.22%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Life Insurance CorporationInsurance companies	–	–	–	–	–	2.23%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.