Bharat Dynamics Limited

Web: bdl-india.in NSE: BDL BSE: 541143 SECTOR: Capital Goods - Aerospace & Defense

1239 10(-1%)

Volume

6L as on 22, Jul

Open

1,335

High

1,384

Low

1,335

1,250

VWAP

1,258

52 Week High

1,832

52 Week Low

1,086

Viand Research Rating

Quality Score

1/100

Growth Score

30/100

Valuation Score

50/100

Momentum Score

0/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

45,417

No. of Shares

36.7

P/E

70.84

P/B

11.26

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

15.9

ROCE

Profit Growth

Listing Date

23-Mar-18

Promoter Holding

74.93%

FII Holding

2.02%

DII Holding

10.97%

Price Chart

Price Performance

1 Week2%

1 Month11%

3 Months9%

6 Months14%

1 Year27%

YTD16%

Moving Average

5 Day SMA1,260

10 Day SMA1,282

20 Day SMA1,329

30 Day SMA1,312

50 Day SMA1,297

61 Day SMA1,316

80 Day SMA1,308

200 Day SMA1,384

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,307	1,280	1,292	1,312
Resistance 2	1,292	1,278	1,282	1,294
Resistance 1	1,282	1,275	1,276	1,287
Pivot Point	1,267	1,273	1,267	1,269
Support 1	1,258	1,271	1,258	1,263
Support 2	1,242	1,269	1,252	1,245
Support 3	1,233	1,266	1,242	1,238

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,06,834	4588	3%	1%	5%	3%	31	94	0	9116
2	BEL	2,96,302	405	1%	6%	3%	2%	49	94	0	6062
3	ABB	1,59,609	7532	4%	3%	58%	31%	93	94	0.01	1668
4	CUMMINSIND	1,55,509	5610	1%	3%	37%	54%	74	94	0	2362
5	TMCV	1,50,246	408	4%	1%	9%	23%	0	94	0.44	3030
6	POWERINDIA	1,42,988	32080	6%	13%	90%	61%	150	94	0.02	988
7	BHEL	1,42,068	408	0%	1%	66%	66%	409	94	0.31	1600
8	CGPOWER	1,39,149	884	2%	5%	59%	34%	119	94	0.01	1199
9	POLYCAB	1,34,724	8943	3%	9%	30%	32%	52	94	0.02	2708
10	SIEMENS	1,30,874	3675	2%	3%	25%	16%	66	94	0.02	2754
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Promoters	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%	(0.01) 74.93%
FIIs	(-0.31) 2.02%	(-0.11) 2.29%	(-1.31) 2.43%	(0.51) 3.77%	(0.21) 3.25%	(0.21) 3.09%	(-0.11) 2.94%	(0.11) 3.06%	(-0.11) 2.95%	(0.01) 3.09%	(-0.31) 3.09%	(0.51) 3.36%	(-0.41) 2.83%	(0.41) 3.24%	(0.51) 2.88%	(0.31) 2.40%	(0.41) 2.11%	(0.31) 1.73%	(0.01) 1.43%
DIIs	(0.01) 10.97%	(-0.41) 10.94%	(1.21) 11.30%	(0.71) 10.10%	(0.81) 9.45%	(0.21) 8.70%	(-1.11) 8.46%	(-2.91) 9.52%	(-0.91) 12.39%	(0.51) 13.32%	(-1.01) 12.81%	(-0.31) 13.78%	(1.71) 14.10%	(-0.61) 12.39%	(-1.61) 13.00%	(-1.81) 14.59%	(-1.01) 16.38%	(-0.21) 17.38%	(0.01) 17.56%
Government	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%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	12.10%	11.83%	11.34%	11.19%	12.35%	13.26%	13.67%	12.49%	9.72%	8.64%	9.17%	7.92%	8.15%	9.43%	9.18%	8.08%	6.59%	5.96%	6.08%
No. of Shareholders	568,164	551,090	537,004	541,535	567,591	594,284	590,374	498,630	248,158	205,887	196,566	167,183	166,501	177,596	169,869	155,036	112,648	110,498	116,642

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	480	567	1147	248	1777	832	545	191	854	602	616	298	798	462	535	695	1381	804	504	128.59
Sales Growth % (YoY)	-73%	-32%	111%	30%	108%	38%	-12%	-36%	7%	30%	15%	-57%	-42%	-42.6%	6%	440.3%	21%	75.1%	79.4%	308.9%
Sales Growth % (QoQ)	-15.3%	-50.6%	362.5%	-86%	113.6%	52.7%	185.3%	-77.6%	41.9%	-2.3%	106.7%	-62.7%	72.7%	-13.6%	-23%	-49.7%	71.8%	59.5%	291.9%	-
Expenses	425	541	960	293	1478	705	446	243	538	483	482	330	615	373	441	653	977	514	438	162.27
Operating Profit	55	26	188	-45	299	127	99	-52	316	119	134	-33	183	89	94	42	404	290	66	-33.68
OPM %	12	5	16	-18	17	15	18	-27	37	20	22	-11	23	19	18	6	29	36	13	-26.19
Other Income	119	97	121	87	100	84	86	80	88	88	78	107	37	36	45	37	-5	35	20	27.6
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	0.86
Depreciation	20	19	19	18	20	18	18	16	16	16	17	17	14	19	21	23	21	25	24	21.24
Profit before tax	154	103	288	23	378	193	166	11	388	189	194	57	206	106	117	53	378	299	62	-28.18
Tax %	26	29	25	21	28	24	26	36	26	29	24	27	26	21	35	25	30	29	30	-25.69
Net Profit	113	73	216	18	273	147	123	7	289	135	147	42	153	84	76	40	264	213	43	-20.95
Net Profit Growth % (QoQ)	54.8%	-66.2%	1100%	-93.4%	85.7%	19.5%	1657.1%	-97.6%	114.1%	-8.2%	250%	-72.5%	82.1%	10.5%	90%	-84.8%	23.9%	395.3%	305.3%	-
Net Profit Growth % (YoY)	-58.6%	-50.3%	75.6%	157.1%	-5.5%	8.9%	-16.3%	-83.3%	88.9%	60.7%	93.4%	5%	-42%	-60.6%	76.7%	290.9%	-	-	-	-
TTM Net Profit	420	580	654	561	550	566	554	578	613	477	426	355	353	464	593	560	499.05	235.05	22.05	0
EPS in Rs	3.09	1.99	5.89	0.5	7.44	4.01	3.34	0.2	7.88	3.68	4.01	1.14	4.17	2.28	2.07	1.09	7.21	5.82	1.18	-0.57

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2013	Mar 2012
Sales	2442	3345	2369	2489	2817	1914	3105	3069	4588	4887	4079	2841	1076	956
Sales Growth %	-27%	41.2%	-4.8%	-11.6%	47.2%	-38.4%	1.2%	-33.1%	-6.1%	19.8%	43.6%	-	12.6%	-
Expenses	2218	2872	1832	2080	2090	1568	2349	2446	3919	4317	3564	2564	1088	1019
Operating Profit	223	473	537	409	727	346	756	623	669	569	515	277	-12	-64
OPM %	9	14	23	16	26	18	24	20	15	12	13	10	-1	-7
Other Income	424	350	362	155	78	95	88	136	173	300	385	439	464	463
Interest	3	4	4	6	5	5	5	5	4	4	5	5	1	1
Depreciation	76	71	67	77	90	95	96	82	63	62	53	67	42	50
Profit before tax	568	749	828	482	710	341	742	671	774	803	841	644	409	348
Tax %	26	27	26	27	30	24	28	37	32	35	33	31	32	33
Net Profit	420	550	613	352	500	258	535	423	528	524	562	444	279	235
Net Profit Growth %	-23.6%	-10.3%	74.1%	-29.6%	93.8%	-51.8%	26.5%	-19.9%	0.8%	-6.8%	26.6%	59.1%	18.7%	-
EPS in Rs	11.47	14.99	16.71	9.61	13.64	7.03	14.59	11.53	14.41	2183.58	2810.35	1928.48	1212.13	1021.57
Dividend Payout %	43	31	32	49	30	52	30	30	25	30	30	19	21	20

Cash Flows

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

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2013	Mar 2012
Equity Capital	183	183	183	183	183	183	183	183	183	183	183	122	98	115	115	115
Reserves	4058	4034	3826	3549	3454	3028	2847	2501	2424	2085	1773	2073	1753	1538	936	617
Borrowings	0	1	7	3	8	9	10	11	15	5	4	4	4	0	0	0
Other Liabilities	10020	8849	7798	6795	6781	5535	3595	3334	3128	3250	4697	6208	7786	6759	6199	5694
Total Liabilities	14262	13068	11814	10530	10426	8756	6636	6030	5750	5523	6657	8407	9641	8412	7251	6427
Fixed Assets	1003	951	857	865	824	809	874	915	932	957	868	757	697	518	277	212
CWIP	174	171	230	97	73	74	41	22	42	47	130	136	126	142	70	45
Investments	4	4	4	4	0	0	0	5	4	4	239	3	3	3	1	1
Other Assets	13081	11942	10723	9564	9530	7873	5721	5089	4771	4516	5420	7511	8815	7749	6904	6169
Total Assets	14262	13068	11814	10530	10426	8756	6636	6030	5750	5523	6657	8407	9641	8412	7251	6427

OI Chart

Price

Delivery

#	Date	1155 25% 1440	Value (Cr)	Q/T 34	Del 32	Del 152
1	22-Jul	1250	77	20	35	27
2	21-Jul	1273	51	20	35	18
3	20-Jul	1258	55	22	26	14
4	17-Jul	1255	61	24	33	20
5	16-Jul	1263	104	26	31	33
6	15-Jul	1271	128	30	37	48
7	14-Jul	1278	163	27	26	43
8	13-Jul	1303	283	34	32	90
9	10-Jul	1344	114	27	25	29
10	9-Jul	1326	105	24	29	30
11	8-Jul	1337	156	25	35	54
12	7-Jul	1396	185	29	17	31
13	6-Jul	1410	309	36	20	63
14	3-Jul	1388	351	41	27	95
15	2-Jul	1385	88	27	31	27
16	1-Jul	1379	112	25	26	29
17	30-Jun	1368	258	32	17	44
18	29-Jun	1335	208	30	39	82
19	25-Jun	1368	164	28	31	51
20	24-Jun	1384	335	30	24	80
21	23-Jun	1391	350	30	32	111
22	22-Jun	1407	377	37	35	131
23	19-Jun	1373	474	36	26	125
24	18-Jun	1312	170	33	27	47
25	17-Jun	1310	316	36	30	95
26	16-Jun	1237	117	35	40	47
27	15-Jun	1210	94	28	37	35
28	12-Jun	1200	74	29	29	22
29	11-Jun	1160	83	24	31	26
30	10-Jun	1184	94	27	24	23
31	9-Jun	1203	85	31	33	28
32	8-Jun	1187	155	25	29	45
33	5-Jun	1207	184	43	47	86
34	4-Jun	1213	200	34	30	59
35	3-Jun	1227	174	30	28	48
36	2-Jun	1206	137	32	29	39
37	1-Jun	1204	265	33	23	60
38	29-May	1205	915	47	32	290
39	27-May	1282	180	33	38	68
40	26-May	1330	94	32	34	32
41	25-May	1326	89	32	28	25
42	22-May	1312	76	29	24	18
43	21-May	1304	131	33	25	32
44	20-May	1304	97	28	22	22
45	19-May	1312	82	27	22	18
46	18-May	1309	107	25	23	25
47	15-May	1325	113	27	22	25
48	14-May	1353	111	26	22	24

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	45,417c	403c	0.88
22-Jul	45,820c	880c	1.88
21-Jul	46,700c	722c	1.57
17-Jul	45,978c	235c	0.51
16-Jul	46,213c	744c	1.58
15-Jul	46,957c	455c	0.98
14-Jul	46,502c	1,147c	2.41
13-Jul	47,650c	1,793c	3.63
10-Jul	49,442c	861c	1.77
09-Jul	48,581c	458c	0.93
08-Jul	49,039c	2,225c	4.34
07-Jul	51,264c	363c	0.70
06-Jul	51,627c	1,056c	2.09
02-Jul	50,571c	114c	0.23
01-Jul	50,457c	44c	0.09
30-Jun	50,501c	1,008c	2.04
29-Jun	49,493c	396c	0.79
26-Jun	49,889c	733c	1.45
25-Jun	50,622c	0	0
24-Jun	50,622c	147c	0.29
23-Jun	50,769c	1,026c	1.98
22-Jun	51,795c	1,503c	2.99
19-Jun	50,292c	2,199c	4.57
17-Jun	48,093c	2,823c	6.23
16-Jun	45,271c	880c	1.98
15-Jun	44,391c	330c	0.75
12-Jun	44,061c	762c	1.76
11-Jun	43,298c	814c	1.84
10-Jun	44,112c	0	0

Stock Checklist

Price is below from 52 week high low average: 59%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: NO

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 180 fund scheme(s) across 27 fund house(s) as of Jul26 · Total value ₹5,759 Cr · 22 increasing / 12 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Motilal Oswal Mutual Fund	14	2.69%	-	1687.8
HDFC Mutual Fund	14	5.88%	-0.12%	1555.9
Nippon India Mutual Fund	10	0.40%	-	698
Bajaj Finserv Mutual Fund	8	4.90%	+0.17%	383.7
Edelweiss Mutual Fund	17	0.56%	-	317.3
Invesco Mutual Fund	4	4.02%	-	239.4
Axis Mutual Fund	6	0.18%	-	228.7
LIC Mutual Fund	14	2.15%	-	186.1
Bank of India Mutual Fund	11	2.43%	-	157.8
ITI Mutual Fund	8	0.92%	+0.06%	99.6
Aditya Birla Sun Life Mutual Fund	4	3.82%	-	86.5
Trust Mutual Fund	4	1.51%	+1.56%	47.8
ICICI Prudential Mutual Fund	8	0.34%	+0.59%	28.9
DSP Mutual Fund	6	1.03%	-	8.3
SBI Mutual Fund	4	0.19%	-	7.7
UTI Mutual Fund	6	0.95%	-	6.6
Bandhan Mutual Fund	6	0.55%	-	6.1
Taurus Mutual Fund	2	1.16%	-0.17%	2.9
Zerodha Mutual Fund	4	0.14%	-0.01%	2.8
Navi Mutual Fund	6	0.20%	-	2.4
Tata Mutual Fund	2	0.32%	-	1.7
Kotak Mahindra Mutual Fund	6	0.49%	+0.02%	1.2
Jio BlackRock Mutual Fund	2	0.19%	-	0.9
Groww Mutual Fund	4	0.19%	-	0.5
Mirae Asset Mutual Fund	6	0.07%	-	0.1
Baroda BNP Paribas Mutual Fund	2	0.32%	-	0.1
Angel One Mutual Fund	2	0.06%	-	0.1

Bharat Dynamics Limited

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