# BDL share price today (Bharat Dynamics Ltd, NSE: BDL)

> BDL share price today: ₹1,017.00 at the NSE close on 3 November 2026, down 33.5% in a year. Bharat Dynamics (NSE: BDL) is worth ₹37,279 crore, trades at a P/E of 71.6 and has closed between ₹974.00 and ₹1,613.80 over the past 52 weeks. > Bharat Dynamics Ltd's share price has fallen more than its earnings. Earnings per share fell 23.5% in a year while the price moved −33.5%. BDL · Aerospace & Defence - Equipments · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/bharat-dynamics-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹1,017.00 (−33.5% in a year)
- P/E: 71.6× (higher than 72% of the last 8.6 years)
- Revenue (Jun 2026): ₹572 Cr (+130.6% on a year ago)
- Profit (Jun 2026): ₹119 Cr (+561.1% on a year ago)
- Operating margin: 15.0% (+33.0 points on a year ago)
- ROCE: 14%, FY26
- ROIC: 4.1%, against a 12.0% cost of capital: −7.9 points

Biggest thing to watch: the P/E is higher than 72% of its own history, so the multiple has already done part of the work. ## What is the BDL share price today? Bharat Dynamics Ltd's share price was ₹1,017.00 at the close on 3 November 2026. It has been falling for 41 weeks. That is 20.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹974 and ₹1,614, and at that close it sat 7% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running. Over the last 8.6 years the share price moved +422% while the NIFTY 500 moved +146%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at BDL this quarter? 1. Operating margin up 33 points on a year earlier 15% in the June 2026 quarter, from -18%. 3. Revenue grew again in the June 2026 quarter Revenue was ₹572 crore, +130.6% on a year earlier (₹248 crore), after 2 quarters of decline. ## What dividend does BDL pay? BDL paid ₹4.90 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.48% at the ₹1,017.00 close on 3 November 2026. The last was a dividend of ₹0.40 a share, ex-date 21 September 2026. ### BDL dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 21 Sep 2026 | ₹0.40 | Dividend | same day |
| 9 Feb 2026 | ₹4.50 | Interim | same day |
| 19 Sep 2025 | ₹0.65 | Dividend | same day |
| 14 Feb 2025 | ₹4 | Interim | same day |
| 23 Sep 2024 | ₹0.85 | Dividend | n/a |
| 2 Apr 2024 | ₹8.85 | Interim | same day |
| 20 Sep 2023 | ₹1.20 | Dividend | n/a |
| 20 Feb 2023 | ₹8.15 | Interim | same day |
| 16 Sep 2022 | ₹1 | Dividend | n/a |
| 23 Feb 2022 | ₹7.30 | Interim | 24 Feb 2022 |
| 17 Sep 2021 | ₹0.65 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Bharat Dynamics Ltd paid out 43% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are BDL's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), BDL reported revenue of ₹572 crore, up 130.6% from ₹248 crore a year earlier, and a profit of ₹119 crore, up 561.1% from ₹18.0 crore. ### BDL results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹572 crore | ₹248 crore | +130.6% |
| Profit | ₹119 crore | ₹18.0 crore | +561.1% |
| Earnings per share | ₹3.24 | ₹0.50 | +548.0% |
| Operating margin | 15.0% | −18.0% | +33.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the BDL share price history? BDL closed at ₹1,017.00 on 3 November 2026, down 33.5% from ₹1,529.90 a year earlier (31 October 2025) and up 375.1% over five years. Its highest weekly close since March 2018 was ₹2,015.50 on 30 May 2025. ### BDL share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,017.50 | 0.0% |
| 1 month ago · 1 Oct 2026 | ₹1,087.90 | −6.5% |
| 6 months ago · 30 Apr 2026 | ₹1,364.10 | −25.4% |
| 1 year ago · 31 Oct 2025 | ₹1,529.90 | −33.5% |
| 3 years ago · 3 Nov 2023 | ₹519.18 | +95.9% |
| 5 years ago · 4 Nov 2021 | ₹214.08 | +375.1% |
| Earliest weekly close in our records · 23 Mar 2018 | ₹194.90 | +421.8% |
| Highest weekly close since March 2018 · 30 May 2025 | ₹2,015.50 | −49.5% |
| Lowest weekly close since March 2018 · 20 Mar 2020 | ₹90.78 | +1,020.3% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹1,613.80 | −37.0% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹974.00 | +4.4% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (457 weekly closes from 23 March 2018 to 3 November 2026.)

## What is the latest news on BDL? 3 Nov 2026: BDL closed at ₹1,017.00, up 0.0% on the week and down 6.5% on the month. 21 Sep 2026: ex-date for a dividend of ₹0.40 a share. ### Earlier

- Results for April to June 2026: Revenue up 130.6% and profit up 561.1% on a year earlier. - 9 Feb 2026: ex-date for an interim dividend of ₹4.50 a share. - 24 May 2024: Share split: face value cut from ₹10 to ₹5 a share (ex-date). ## Which stock lists is BDL on? BDL is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Defence stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 242](https://www.sectoralpha.in/small-cap-stocks-india)
- [Defence stocks Group on the list: Defence equipment and electronics](https://www.sectoralpha.in/sectors/aerospace-defence-equipments)

## Is BDL profitable? Bharat Dynamics Ltd earned ₹119 Cr of net profit in the Jun 2026 quarter, +561.1% on the same quarter a year earlier. Full-year FY26 profit was ₹420 Cr. Over 10 years profit has grown −2.9% a year on average. That is 20.8% of the quarter's revenue. The same quarter a year earlier earned ₹18.0 Cr. For the full year, FY26 profit was ₹420 Cr (−23.6% on the year before). Why profit moved: revenue changed +130.6% on a year earlier and the margin moved +33.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +132.0% and revenue +34.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does BDL make, and is it growing? Bharat Dynamics Ltd reported ₹572 Cr of revenue in the Jun 2026 quarter, +130.6% on the same quarter a year earlier. Over 10 years it has grown −5.0% a year on average. The last full year, FY26, came in at ₹2,442 Cr. The last four reported quarters add to ₹2,766 Cr. FY26 revenue was ₹2,442 Cr, −27.0% on the year before. Recent pace: the last four quarters grew +34.0% on average, against −5.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −18.7%, against +10.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −7.1%, against −5.1% a year (stabilising). ## How much of every ₹100 of sales does BDL keep? Bharat Dynamics Ltd's operating margin was 15.0% in the Jun 2026 quarter, 33.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −1.0% and 26.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +32.8 percentage points on the year while gross margin changed −24.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is BDL's profit turning into cash? Over the last 3 years, 75% of Bharat Dynamics Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹604 Cr of operating cash against ₹420 Cr of profit. After ₹166 Cr of spending on assets, ₹438 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does BDL's cash go? Bharat Dynamics Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹2,442 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹508 Cr on assets over the last 3 years. Averaged over those years that is 6.9% of FY26 revenue a year. Spending on assets: ₹508 Cr over the last 3 years, against ₹214 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹299 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is BDL's P/E ratio, and how does it compare with its own history? Bharat Dynamics Ltd's P/E is 71.6×, near the high end of its own history: higher than 72% of past readings. Its usual P/E (the middle reading) is 27.5×, over 8.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −23.5% while the price moved −33.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +36.6% a year; about +10.6% a year came from earnings growth and about +26.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the BDL business getting better or worse? Bharat Dynamics Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −18.7% in the latest quarter, against +82.7% at its best in 12 quarters, with ROCE steady at 9.3%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does BDL earn on its capital? Bharat Dynamics Ltd earned a ROCE of 14% in FY26. That is up from a low of 13% in FY21. Its return on capital used (ROIC) is 7.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 17.2% net margin and 0.17× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 17.2% net margin × 0.17× asset turnover × 3.38× leverage (assets divided by equity) ≈ 9.9% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 4.1% − 12.0% = −7.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 4.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY22 at 41.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does BDL have too much debt? Bharat Dynamics Ltd has total debt of ₹0.0 Cr against shareholder equity of ₹4,241 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.00 in FY22 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the BDL shareholding pattern? Domestic institutions raised their stake in Bharat Dynamics Ltd by 2.3 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.8% of the company. Foreign institutions moved −1.2 points over the same period, to 1.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +2.3 points over 8 quarters, to 10.8%; Foreign institutions: −1.2 points over 8 quarters, to 1.8%; Promoters: +0.0 points over 8 quarters, to 74.9%. Why the owners changed: domestic institutions drove it (+2.3 points), with the other side taken by foreign institutions (−1.2 points). They raised their stake step by step. ## How far is BDL from balance-sheet trouble? For Bharat Dynamics Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does BDL rank in its industry? 35.6 out of 100, rank 20 of 25 in Aerospace & Defence - Equipments, with 96% of the evidence available. Bharat Dynamics Ltd scores 35.6 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 20. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 14.8 + 12.8 + 6.6 + 1.4 = 35.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is BDL compared with? BDL ranks 20 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 35.6 out of 100. 1. [Apollo Micro Systems Ltd](https://www.sectoralpha.in/stocks/apollo-micro-systems-ltd) APOLLO · turning · Most evidence points up · 100% evidence 70.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 77% · Profit 63.8% · Operating margin change 3 points · 100% evidence Capital efficiency 15.8/25 · ROCE 14.5% · Operating margin 29% · 100% evidence Valuation 9.2/20 · P/E 107× · PEG 1.7 · 100% evidence Relative strength 16.4/20 · Lead over its industry 10% · Lead over NIFTY 500 31% · 1 year 44.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 28.9 + 15.8 + 9.2 + 16.4 = 70.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) MTARTECH · breaking out · Most evidence points up · 90% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.3/35 · Revenue 53.5% · Profit 100% · Operating margin change 10.2 points · 100% evidence Capital efficiency 15.6/25 · ROCE 15.1% · Operating margin 23.2% · 100% evidence Valuation 7.4/20 · P/E 155× · PEG n/a · 50% evidence Relative strength 14.9/20 · Lead over its industry 18.6% · Lead over NIFTY 500 37.1% · 1 year 168.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 32.3 + 15.6 + 7.4 + 14.9 = 70.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Rossell Techsys Ltd](https://www.sectoralpha.in/stocks/rossell-techsys-ltd) ROSSTECH · leader · Evidence leans up · 79% evidence 64.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 82.9% · Profit 68.8% · Operating margin change 1.8 points · 88% evidence Capital efficiency 8.2/25 · ROCE 11.5% · Operating margin 14.4% · 100% evidence Valuation 8.8/20 · P/E 194× · PEG n/a · 15% evidence Relative strength 19.5/20 · Lead over its industry 28.7% · Lead over NIFTY 500 52.7% · 1 year 107.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.5 + 8.2 + 8.8 + 19.5 = 64 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Paras Defence and Space Technologies Ltd](https://www.sectoralpha.in/stocks/paras-defence-and-space-technologies-ltd) PARAS · breaking out · Evidence leans up · 82% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 41.5% · Profit 58.8% · Operating margin change 1 points · 95% evidence Capital efficiency 17.5/25 · ROCE 17.2% · Operating margin 29% · 76% evidence Valuation 8.7/20 · P/E 98.6× · PEG n/a · 50% evidence Relative strength 13.3/20 · Lead over its industry 17.1% · Lead over NIFTY 500 37.9% · 1 year 76.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 24.4 + 17.5 + 8.7 + 13.3 = 63.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) SIGMAADV · leader · Evidence leans up · 78% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 100% · Profit 20.3% · Operating margin change 307 points · 83% evidence Capital efficiency 9.8/25 · ROCE 11.7% · Operating margin 16% · 76% evidence Valuation 6.9/20 · P/E 102× · PEG n/a · 50% evidence Relative strength 15.0/20 · Lead over its industry 96.2% · Lead over NIFTY 500 116.7% · 1 year 318.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.4 + 9.8 + 6.9 + 15 = 58.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Azad Engineering Ltd](https://www.sectoralpha.in/stocks/azad-engineering-ltd) AZAD · leader · Evidence leans up · 89% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 29% · Profit 41.4% · Operating margin change 1 points · 88% evidence Capital efficiency 12.6/25 · ROCE 11.9% · Operating margin 37% · 100% evidence Valuation 9.0/20 · P/E 114× · PEG 1.94 · 65% evidence Relative strength 14.9/20 · Lead over its industry 4.2% · Lead over NIFTY 500 24.6% · 1 year 44.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 12.6 + 9 + 14.9 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jaykay Enterprises Ltd](https://www.sectoralpha.in/stocks/jaykay-enterprises-ltd) JAYKAY · breaking out · Too little evidence to rank firmly · 51% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.3/43.75 · Revenue 100% · Profit 100% · Operating margin change 1.8 points · 83% evidence Capital efficiency 9.2/31.25 · ROCE 4.8% · Operating margin 14.2% · 76% evidence Valuation 12.9/25 · P/E 72.3× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.3 + 9.2 + 12.9 = 56.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Sika Interplant Systems Ltd](https://www.sectoralpha.in/stocks/sika-interplant-systems-ltd) SIKA · quiet · Evidence leans up · 81% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 9.8% · Operating margin change 1.1 points · 88% evidence Capital efficiency 21.7/25 · ROCE 34.6% · Operating margin 19.5% · 100% evidence Valuation 12.9/20 · P/E 51.9× · PEG 1.01 · 100% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -27.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 13.1 + 21.7 + 12.9 + 7.8 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) DATAPATTNS · quiet · Evidence leans up · 96% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 33.9% · Profit 24.2% · Operating margin change -5 points · 88% evidence Capital efficiency 21.3/25 · ROCE 21.9% · Operating margin 27% · 100% evidence Valuation 7.4/20 · P/E 78.7× · PEG 3.94 · 100% evidence Relative strength 5.5/20 · Lead over its industry -9.4% · Lead over NIFTY 500 8.8% · 1 year 38.5% · 100% evidence · 5 of 12 weeks ahead Exact sum: 20.8 + 21.3 + 7.4 + 5.5 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [High Energy Batteries (India) Ltd](https://www.sectoralpha.in/stocks/high-energy-batteries-indialtd) losing its lead · Evidence leans up · 72% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 1.5% · Profit -3.5% · Operating margin change 32.4 points · 95% evidence Capital efficiency 19.5/25 · ROCE 20.4% · Operating margin 28.1% · 95% evidence Valuation 11.8/20 · P/E 27.3× · PEG n/a · 50% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -2% · 1 year n/a · 25% evidence · 7 of 11 weeks ahead Exact sum: 12.9 + 19.5 + 11.8 + 8.9 = 53.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) HAL · breaking out · Evidence leans up · 96% evidence 52.4 out of 100 Growth Capital Valuation Relative
12. [Dynamatic Technologies Ltd](https://www.sectoralpha.in/stocks/dynamatic-technologies-ltd) DYNAMATECH · breaking out · Evidence leans up · 79% evidence 50.9 out of 100 Growth Capital Valuation Relative
13. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) BEL · turning · Evidence leans up · 100% evidence 50.8 out of 100 Growth Capital Valuation Relative
14. [Astra Microwave Products Ltd](https://www.sectoralpha.in/stocks/astra-microwave-products-ltd) ASTRAMICRO · quiet · Evidence leans down · 96% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Zen Technologies Ltd](https://www.sectoralpha.in/stocks/zen-technologies-ltd) ZENTEC · turning · Evidence leans down · 60% evidence 47.6 out of 100 Growth Capital Valuation Relative
16. [Mishra Dhatu Nigam Ltd](https://www.sectoralpha.in/stocks/mishra-dhatu-nigam-ltd) MIDHANI · losing its lead · Evidence leans down · 96% evidence 42.5 out of 100 Growth Capital Valuation Relative
17. [AXISCADES Technologies Ltd](https://www.sectoralpha.in/stocks/axiscades-technologies-ltd) AXISCADES · breaking out · Evidence leans down · 89% evidence 41.6 out of 100 Growth Capital Valuation Relative
18. [BEML Ltd](https://www.sectoralpha.in/stocks/beml-ltd) BEML · breaking out · Evidence leans down · 88% evidence 40.9 out of 100 Growth Capital Valuation Relative
19. [Ideaforge Technology Ltd](https://www.sectoralpha.in/stocks/ideaforge-technology-ltd) IDEAFORGE · quiet · Evidence leans down · 71% evidence 39.8 out of 100 Growth Capital Valuation Relative
20. Bharat Dynamics Ltd this page BDL · basing · Evidence leans down · 96% evidence 35.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue -18.7% · Profit -7.1% · Operating margin change 33 points · 88% evidence Capital efficiency 12.8/25 · ROCE 13.9% · Operating margin 15% · 100% evidence Valuation 6.6/20 · P/E 68.6× · PEG 4.44 · 100% evidence Relative strength 1.4/20 · Lead over its industry -38.4% · Lead over NIFTY 500 -22.2% · 1 year -36.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.8 + 12.8 + 6.6 + 1.4 = 35.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 21. [Avantel Ltd](https://www.sectoralpha.in/stocks/avantel-ltd) AVANTEL · basing · Most evidence points down · 83% evidence 34.7 out of 100 Growth Capital Valuation Relative
22. [Aequs Ltd](https://www.sectoralpha.in/stocks/aequs-ltd) AEQUS · losing its lead · Too little evidence to rank firmly · 51% evidence 28.8 out of 100 Growth Capital Valuation Relative
23. [NIBE Ltd](https://www.sectoralpha.in/stocks/nibe-ltd) NIBE · quiet · Too little evidence to rank firmly · 53% evidence 27.8 out of 100 Growth Capital Valuation Relative
24. [DCX Systems Ltd](https://www.sectoralpha.in/stocks/dcx-systems-ltd) DCXINDIA · quiet · Most evidence points down · 61% evidence 23.8 out of 100 Growth Capital Valuation Relative
25. [Vinyas Innovative Technologies Ltd](https://www.sectoralpha.in/stocks/vinyas-innovative-technologies-ltd) VINYAS · turning · Too little evidence to rank firmly · 44% evidence 62.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Aerospace & Defence - Equipments](https://www.sectoralpha.in/sectors/aerospace-defence-equipments), all 25 compared on one page. ## Which companies are close to BDL in size? BDL is the 3rd largest of 25 Aerospace & Defence - Equipments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Hindustan Aeronautics and Bharat Electronics. Just below it: Data Patterns (India), MTAR Technologies, Sigma Advanced System and BEML. ### Aerospace & Defence - Equipments companies close in size

1. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) ₹3,24,603 crore
2. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) ₹2,70,389 crore
3. Bharat Dynamics Ltd ₹35,703 crore
4. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) ₹21,274 crore
5. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) ₹21,033 crore
6. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) ₹16,915 crore
7. [BEML Ltd](https://www.sectoralpha.in/stocks/beml-ltd) ₹16,563 crore

[All 25 Aerospace & Defence - Equipments companies, largest first](https://www.sectoralpha.in/sectors/aerospace-defence-equipments#all-companies)

### Companies close in size in other industries

1. [Astral Ltd](https://www.sectoralpha.in/stocks/astral-ltd) ₹36,050 crore · Building Materials - Plastic Pipes
2. [Bagmane Prime Office REIT](https://www.sectoralpha.in/stocks/bagmane-prime-office-reit) ₹35,901 crore · Infra/Real Estate Investment Trust
3. Bharat Dynamics Ltd ₹35,703 crore
4. [Emcure Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/emcure-pharmaceuticals-ltd) ₹35,510 crore · Pharma - Formulators
5. [HFCL Ltd](https://www.sectoralpha.in/stocks/hfcl-ltd) ₹35,401 crore · Telecom Services

## What else do people ask about BDL? ### What is BDL's share price today? Bharat Dynamics Ltd's share price is ₹1,017.00, −33.5% over the past year. The whole company is worth ₹37,279 Cr on the market. In the last 52 weeks it traded between ₹974 to ₹1,614; today it is 7% of the way up from the low, 20.1% below its 200-day average (as of 3 November 2026). ### What were BDL's latest quarterly results? Bharat Dynamics Ltd reported revenue of ₹572 Cr and net profit of ₹119 Cr for the Jun 2026 quarter. Revenue rose 130.6% and profit rose 561.1% compared with a year earlier. Earnings per share were ₹3.24. The operating margin was 15.0%, 33.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is BDL's market cap? Bharat Dynamics Ltd's market capitalisation is ₹37,279 Cr at a share price of ₹1,017.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is BDL performing? Bharat Dynamics Ltd's share price has been falling for 41 weeks. In its latest quarter, revenue rose 130.6% and profit rose 561.1% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will BDL's share price go up? This page does not forecast Bharat Dynamics Ltd's share price. What it shows instead: the share price is ₹1,017.00, and it has been falling for 41 weeks. Its P/E of 71.6× is higher than 72% of its own last 9 years (as of 3 November 2026). ### Who owns BDL? Promoters own 74.9% of Bharat Dynamics Ltd, foreign institutions 1.8%, domestic institutions 10.8% and the public 12.5% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 2.3 percentage points over 8 quarters (as of 3 November 2026). ### Where is BDL in its business cycle? Bharat Dynamics Ltd's FY26 operating margin was 9.0%, against a 13-year range of −1.0% to 26.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the BDL story? Biggest thing to watch: the P/E is higher than 72% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is BDL a stock worth studying right now? What the numbers show: Bharat Dynamics Ltd's share price has fallen more than its earnings. Earnings per share fell 23.5% in a year while the price moved −33.5%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Defence stocks: https://www.sectoralpha.in/sectors/aerospace-defence-equipments

This is research, not advice. We’re not SEBI-registered.