Here's What's Concerning About Bharat Dynamics' (NSE:BDL) Returns On Capital
Feb 01
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Indian (NIFTY) Aerospace & Defense Industry Analysis
UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies24
- 7D9.6%
- 3M0.7%
- 1Y32.0%
- YTD7.5%
In the last week, the Aerospace & Defense industry is up 9.6%, with Bharat Electronics up 9.5%. Meanwhile, C2C Advanced Systems actually underperformed within the industry, shrinking 5.8% in the last week. In the last 12 months, the industry was up 32%. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Indian Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 01 Feb 2026 | ₹9.0t | ₹878.5b | ₹189.0b | 55.7x | 47.6x | 10.2x |
| Tue, 30 Dec 2025 | ₹8.3t | ₹856.3b | ₹185.6b | 57.7x | 44.9x | 9.7x |
| Thu, 27 Nov 2025 | ₹8.7t | ₹846.2b | ₹186.1b | 61.7x | 46.5x | 10.2x |
| Sat, 25 Oct 2025 | ₹8.9t | ₹810.7b | ₹178.9b | 56.1x | 50x | 11x |
| Mon, 22 Sep 2025 | ₹9.1t | ₹810.7b | ₹178.9b | 57.6x | 50.7x | 11.2x |
| Wed, 20 Aug 2025 | ₹8.3t | ₹810.0b | ₹178.7b | 55.7x | 46.5x | 10.3x |
| Fri, 18 Jul 2025 | ₹9.0t | ₹796.6b | ₹179.9b | 73.1x | 50x | 11.3x |
| Sun, 15 Jun 2025 | ₹9.3t | ₹796.2b | ₹179.8b | 71.9x | 51.6x | 11.6x |
| Tue, 13 May 2025 | ₹7.8t | ₹783.1b | ₹181.3b | 61.2x | 43.1x | 10x |
| Thu, 10 Apr 2025 | ₹6.8t | ₹782.3b | ₹181.1b | 50.5x | 37.5x | 8.7x |
| Sat, 08 Mar 2025 | ₹6.3t | ₹782.3b | ₹181.1b | 49.2x | 34.7x | 8x |
| Mon, 03 Feb 2025 | ₹6.6t | ₹750.7b | ₹175.0b | 63.5x | 37.6x | 8.8x |
| Wed, 01 Jan 2025 | ₹6.9t | ₹735.4b | ₹170.9b | 72.7x | 40.2x | 9.3x |
| Fri, 29 Nov 2024 | ₹7.1t | ₹731.1b | ₹170.2b | 59.2x | 41.7x | 9.7x |
| Sun, 27 Oct 2024 | ₹6.4t | ₹715.4b | ₹164.9b | 62.4x | 39.1x | 9x |
| Tue, 24 Sep 2024 | ₹6.8t | ₹709.0b | ₹161.8b | 74x | 41.9x | 9.6x |
| Thu, 22 Aug 2024 | ₹7.4t | ₹709.0b | ₹161.8b | 82.9x | 45.5x | 10.4x |
| Sat, 20 Jul 2024 | ₹7.8t | ₹693.9b | ₹149.5b | 83.3x | 51.9x | 11.2x |
| Mon, 17 Jun 2024 | ₹7.7t | ₹693.9b | ₹149.5b | 72.7x | 51.2x | 11x |
| Wed, 15 May 2024 | ₹5.7t | ₹631.4b | ₹124.9b | 62.2x | 45.5x | 9x |
| Fri, 12 Apr 2024 | ₹5.3t | ₹631.5b | ₹124.9b | 62.5x | 42.1x | 8.3x |
| Sun, 10 Mar 2024 | ₹5.0t | ₹631.5b | ₹124.9b | 62x | 39.6x | 7.8x |
| Tue, 06 Feb 2024 | ₹4.4t | ₹620.4b | ₹120.7b | 63.8x | 36.5x | 7.1x |
| Thu, 04 Jan 2024 | ₹4.4t | ₹618.7b | ₹117.6b | 59.4x | 37.3x | 7.1x |
| Sat, 02 Dec 2023 | ₹3.8t | ₹625.8b | ₹118.9b | 47.4x | 31.5x | 6x |
| Mon, 30 Oct 2023 | ₹3.1t | ₹613.9b | ₹116.0b | 46.8x | 27.1x | 5.1x |
| Wed, 27 Sep 2023 | ₹3.3t | ₹606.8b | ₹113.3b | 51.9x | 29.1x | 5.4x |
| Fri, 25 Aug 2023 | ₹3.3t | ₹606.8b | ₹113.3b | 50.8x | 28.7x | 5.4x |
| Sun, 23 Jul 2023 | ₹3.1t | ₹602.5b | ₹108.5b | 41.1x | 28.7x | 5.2x |
| Tue, 20 Jun 2023 | ₹2.9t | ₹600.6b | ₹108.1b | 38.9x | 27.1x | 4.9x |
| Thu, 18 May 2023 | ₹2.4t | ₹612.5b | ₹105.1b | 28.7x | 22.9x | 3.9x |
| Sat, 15 Apr 2023 | ₹2.2t | ₹586.1b | ₹107.8b | 26.8x | 20.4x | 3.8x |
| Mon, 13 Mar 2023 | ₹2.1t | ₹586.1b | ₹107.8b | 25.8x | 19.8x | 3.6x |
| Wed, 08 Feb 2023 | ₹2.0t | ₹589.4b | ₹106.8b | 27.5x | 18.8x | 3.4x |
Price to Earnings Ratio
18.8x
Current Industry PE
- Investors are optimistic on the Indian Aerospace & Defense industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 47.6x which is higher than its 3-year average PE of 38.5x.
- The 3-year average PS ratio of 8.2x is lower than the industry's current PS ratio of 10.2x.
Past Earnings Growth
- The earnings for companies in the Aerospace & Defense industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | 1.81% | |
| Industrials | 5.70% | |
| Aerospace & Defense | 9.60% | |
| Aerospace and Defense | 9.60% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500049 Bharat Electronics | ₹449.00 | 9.5% +₹285.8b | 59.3% | PE55x | |
| HAL Hindustan Aeronautics | ₹4.62k | 7.3% +₹209.8b | 22.4% | PE36.5x | |
| MAZDOCK Mazagon Dock Shipbuilders | ₹2.57k | 11.8% +₹109.4b | 8.1% | PE44.5x | |
| GRSE Garden Reach Shipbuilders & Engineers | ₹2.76k | 23.7% +₹60.6b | 73.1% | PE46x | |
| BDL Bharat Dynamics | ₹1.54k | 9.2% +₹47.7b | 22.7% | PE86.2x |
