Bharat Dynamics Limited

NSEI:BDL Stock Report

Market Cap: ₹503.4b

Bharat Dynamics Past Earnings Performance

Past criteria checks 3/6

Bharat Dynamics has been growing earnings at an average annual rate of 8.8%, while the Aerospace & Defense industry saw earnings growing at 30.9% annually. Revenues have been growing at an average rate of 6.1% per year. Bharat Dynamics's return on equity is 9.9%, and it has net margins of 17.2%.

Key information

8.76%

Earnings growth rate

8.72%

EPS growth rate

Aerospace & Defense Industry Growth24.15%
Revenue growth rate6.14%
Return on equity9.91%
Net Margin17.21%
Last Earnings Update31 Mar 2026

Recent past performance updates

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...

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...

Revenue & Expenses Breakdown

How Bharat Dynamics makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:BDL Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2624,4184,2035,3560
31 Dec 2537,3865,7995,9070
30 Sep 2540,0416,5415,7490
30 Jun 2534,0185,6085,3370
31 Mar 2533,4515,4965,6950
31 Dec 2424,2225,6565,7980
30 Sep 2421,9175,5366,3970
30 Jun 2422,6275,7816,1180
31 Mar 2423,6936,1276,1560
31 Dec 2323,1344,7676,0120
30 Sep 2321,7334,2545,3690
30 Jun 2320,9233,5415,3190
31 Mar 2324,8943,5225,5310
31 Dec 2230,7224,6385,5910
30 Sep 2234,1465,9335,9440
30 Jun 2233,8365,6075,8030
31 Mar 2228,1744,9995,8130
31 Dec 2125,7324,9595,6120
30 Sep 2122,2833,3195,3110
30 Jun 2120,0533,1494,9160
31 Mar 2119,1382,5785,1200
31 Dec 2022,0303,0715,1730
30 Sep 2022,5243,1115,3400
30 Jun 2026,3513,9135,4570
31 Mar 2031,0495,3495,4890
31 Dec 1925,3683,4935,5700
30 Sep 1930,6604,8445,4360
30 Jun 1930,1254,0635,3980
31 Mar 1930,6934,2265,4900
31 Dec 1842,0246,3515,7690
30 Sep 1839,8704,5305,7490
30 Jun 1842,7235,0855,5030
31 Mar 1845,7635,2825,3780
31 Mar 1745,3535,2414,5240
31 Mar 1640,7885,6213,3250

Quality Earnings: BDL has high quality earnings.

Growing Profit Margin: BDL's current net profit margins (17.2%) are higher than last year (16.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BDL's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: BDL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BDL had negative earnings growth (-23.5%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (18.1%).

Return on Equity

High ROE: BDL's Return on Equity (9.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/19 09:07
End of Day Share Price 2026/06/19 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.