Bharat Dynamics Limited

NSEI:BDL Stock Report

Market Cap: ₹516.7b

Bharat Dynamics Future Growth

Future criteria checks 6/6

Bharat Dynamics is forecast to grow earnings and revenue by 35.5% and 34.3% per annum respectively. EPS is expected to grow by 35.5% per annum. Return on equity is forecast to be 26.6% in 3 years.

Key information

35.5%

Earnings growth rate

35.53%

EPS growth rate

Aerospace & Defense earnings growth18.2%
Revenue growth rate34.3%
Future return on equity26.60%
Analyst coverage

Good

Last updated06 Jul 2026

Recent future growth updates

Recent updates

Analysis Article • Feb 08

Bharat Dynamics (NSE:BDL) Is Increasing Its Dividend To ₹4.50

Bharat Dynamics Limited's ( NSE:BDL ) periodic dividend will be increasing on the 2nd of March to ₹4.50, with investors...
Analysis Article • Feb 01

Here's What's Concerning About Bharat Dynamics' (NSE:BDL) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article • Jan 14

Do Bharat Dynamics' (NSE:BDL) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Dec 27

Bharat Dynamics Limited's (NSE:BDL) Earnings Haven't Escaped The Attention Of Investors

When you see that almost half of the companies in the Aerospace & Defense industry in India have price-to-sales ratios...
Analysis Article • Nov 21

Bharat Dynamics' (NSE:BDL) Solid Earnings May Rest On Weak Foundations

The recent earnings posted by Bharat Dynamics Limited ( NSE:BDL ) were solid, but the stock didn't move as much as we...
Analysis Article • Oct 17

Bharat Dynamics' (NSE:BDL) Returns On Capital Not Reflecting Well On The Business

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Analysis Article • Sep 26

Revenues Tell The Story For Bharat Dynamics Limited (NSE:BDL)

When close to half the companies in the Aerospace & Defense industry in India have price-to-sales ratios (or "P/S...
Analysis Article • Sep 05

Bharat Dynamics (NSE:BDL) Has Announced That Its Dividend Will Be Reduced To ₹0.65

Bharat Dynamics Limited ( NSE:BDL ) has announced that on 26th of October, it will be paying a dividend of₹0.65, which...
Analysis Article • Jul 16

There Are Reasons To Feel Uneasy About Bharat Dynamics' (NSE:BDL) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Earnings and Revenue Growth Forecasts

NSEI:BDL - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202985,53620,5454,7295,7292
3/31/202857,37911,0299,17410,12412
3/31/202741,0087,74010,21011,38312
3/31/202624,4184,2033,7536,040N/A
12/31/202537,3865,799N/AN/AN/A
9/30/202540,0416,5416,2038,761N/A
6/30/202534,0185,608N/AN/AN/A
3/31/202533,4515,496-1,1541,674N/A
12/31/202424,2225,656N/AN/AN/A
9/30/202421,9175,536-4,536-3,039N/A
6/30/202422,6275,781N/AN/AN/A
3/31/202423,6936,1273,3084,117N/A
12/31/202323,1344,767N/AN/AN/A
9/30/202321,7334,25418,38719,094N/A
6/30/202320,9233,541N/AN/AN/A
3/31/202324,8943,52220,22021,303N/A
12/31/202230,7224,638N/AN/AN/A
9/30/202234,1465,9338,3949,923N/A
6/30/202233,8365,607N/AN/AN/A
3/31/202228,1744,9994,2765,297N/A
12/31/202125,7324,959N/AN/AN/A
9/30/202122,2833,3196,2146,791N/A
6/30/202120,0533,149N/AN/AN/A
3/31/202119,1382,57810,11410,680N/A
12/31/202022,0303,071N/AN/AN/A
9/30/202022,5243,11160666N/A
6/30/202026,3513,913N/AN/AN/A
3/31/202031,0495,3494,4735,042N/A
12/31/201925,3683,493N/AN/AN/A
9/30/201930,6604,844N/A2,030N/A
6/30/201930,1254,063N/AN/AN/A
3/31/201930,6934,226N/A835N/A
12/31/201842,0246,351N/AN/AN/A
9/30/201839,8704,530N/AN/AN/A
6/30/201842,7235,085N/AN/AN/A
3/31/201845,7635,282N/A-3,415N/A
3/31/201745,3535,241N/A-4,199N/A
3/31/201640,7885,621N/A2,843N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDL's forecast earnings growth (35.5% per year) is above the savings rate (6.9%).

Earnings vs Market: BDL's earnings (35.5% per year) are forecast to grow faster than the Indian market (16.2% per year).

High Growth Earnings: BDL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BDL's revenue (34.3% per year) is forecast to grow faster than the Indian market (11% per year).

High Growth Revenue: BDL's revenue (34.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BDL's Return on Equity is forecast to be high in 3 years time (26.6%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 11:37
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bharat Dynamics Limited is covered by 21 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Kavish Parekh360 ONE Capital Market Private Limited
null nullAntique Stockbroking Ltd.