Bharat Dynamics Limited
NSE: BDLINE171Z01026·Capital GoodsMidcap 150·www.bdl-india.in ↗·Mcap ₹42,595 Cr·Listed 2018
₹1,140.00▼ ₹15.00  (−1.30%)
52W: ₹1,086 – ₹1,633 · Vol: 9.4L shares · Close 25 Sept
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Quarterly results

standalone · as filed with NSE · Q1 FY27 back to Q1 FY18
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19Q4 FY18Q1 FY18
Revenue from operations5724805671,1472481,7778325451918546026162987984625356951,3818045041291,13745927731.41,4355096594928772,021548
Other income10311997.212186.999.684.48680.488.587.678.310737.236.54536.828.734.720.327.625.254.510.831.232.43325.125.556.930.222.1
Total expenses5104455619803121,4987244642605555005003486303924636789985404621848244452471691,0674795233997881,655442
EBITDA83.155.226188−45.429912798.8−52.3316119134−32.618388.993.94240429066.1−33.734439.752.2−11940553.4158112120385124
EBITDA margin14.5%11.5%4.6%16.3%-18.3%16.8%15.2%18.1%-27.4%37.0%19.7%21.8%-11.0%23.0%19.3%17.5%6.0%29.3%36.0%13.1%-26.2%30.3%8.7%18.8%-377.1%28.2%10.5%23.9%22.7%13.7%19.1%22.5%
Finance costs0.60.70.71.30.70.70.70.71.20.80.80.80.80.80.80.820.80.80.90.90.90.90.91.21.210.91.61.411
Depreciation20.219.819.319.117.719.717.717.715.716.316.517.416.913.918.621.323.420.624.823.721.230.824.821.417.535.522.820.817.330.118.216.2
Profit before tax16615410328823.137819316611.238818919457.120610611753.337829961.8−28.233868.540.6−10640062.6161118146396128
Tax46.840.730.371.74.816045.843.9499.154.14715.353.122.240.913.511385.318.5−7.277.419.414.4−2890.79.454.752.721.659.846.6
Net profit11911372.921618.32181471237.228913514741.815383.775.839.926421343.3−2126049.226.2−7831053.210665.512433781.8
Net margin20.8%23.6%12.9%18.8%7.4%12.3%17.7%22.5%3.8%33.8%22.4%23.9%14.0%19.1%18.1%14.2%5.7%19.1%26.5%8.6%-16.3%22.9%10.7%9.5%-248.2%21.6%10.5%16.1%13.3%14.2%16.7%14.9%
EPS (₹)3.243.091.995.890.507.444.013.340.207.887.378.032.288.334.574.142.1714.4211.642.36-1.1414.212.681.43-4.2616.902.905.803.586.7718.374.46
Net profit YoY+547.4%−48.0%−50.4%+76.2%+154.3%−24.6%+9.0%−16.7%−82.7%+89.0%+61.2%+94.0%+4.9%−42.2%−60.7%+75.3%+290.2%+1.5%+333.5%+64.8%+73.2%−15.9%−7.5%−75.3%−219.1%+149.5%–––−63.1%––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19FY18
Revenue from operations2,4423,3452,3692,4892,8171,9143,0953,0694,588
Other income42435036215511194.6116136173
Total expenses2,2982,9471,9032,1632,1851,6672,4692,5343,986
EBITDA223472537408726345728622668
EBITDA margin9.1%14.1%22.6%16.4%25.8%18.0%23.5%20.3%14.6%
Finance costs3.43.33.14.53.43.94.74.23.3
Depreciation75.970.76777.390.494.596.482.563.5
Profit before tax568749828482710341742671774
Tax14719921613021083.1208249246
Net profit420550613352500258535423528
Net margin17.2%16.4%25.9%14.1%17.7%13.5%17.3%13.8%11.5%
EPS (₹)11.4714.9916.7219.2227.2814.0629.1823.0626.65
Net profit YoY−23.5%−10.3%+74.0%−29.6%+93.9%−51.8%+26.6%−20.0%–
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow6041674122,130530
Investing cash flow320−407−722−1,171−573
Financing cash flow−194−220−148−171−149
Capital expenditure21710880.7108101
Free cash flow (CFO − capex)38759.33312,022429

Net profit trend

annual, ₹ crore
FY21
₹258
FY22
₹500+94%
FY23
₹352−30%
FY24
₹613+74%
FY25
₹550−10%
FY26
₹420−24%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Standalone14 Aug 2026PDF on NSE XBRL
Q4 FY26Standalone · audited28 May 2026PDF on NSE XBRL
Q3 FY26Standalone31 Jan 2026PDF on NSE XBRL
Q2 FY26Standalone13 Nov 2025PDF on NSE XBRL
Q2 FY26Standalone–PDF on NSE XBRL
Q2 FY26Standalone–PDF on NSE XBRL
Q1 FY26Standalone12 Aug 2025PDF on NSE XBRL
Q1 FY26Standalone–PDF on NSE XBRL
Q4 FY25Standalone · audited–PDF on NSE XBRL
Q4 FY25Standalone · audited27 May 2025PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)80.2×
P/B9.85×
ROEFY26, on average equity10.2%
Net margin17.2%
Debt / equity0.00×
Revenue CAGR (3Y)-0.6%
Profit CAGR (3Y)6.1%
EPS (TTM)₹14.21
Market cap₹41,788 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
Balance sheet 31 Mar 2026
Total assets₹14,261 Cr+21%
Net worth₹4,241 Cr+6%
Total borrowings₹0 Cr
Cash & bank balances₹863 Cr+545%
Investments₹4 Cr+0%
Inventories₹4,626 Cr+75%
Trade receivables₹423 Cr−49%
Trade payables₹2,835 Cr+88%
Change vs the same date a year earlier.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter74.9374.9374.9374.9374.9374.9374.9374.9374.9374.9374.9374.93
FII1.692.022.302.433.773.263.092.943.052.953.103.09
DII11.5310.9710.9511.3010.109.468.718.479.5212.4013.3212.81
of which MF6.425.575.525.794.78–––––––
Retail10.2310.6110.4910.019.8610.8311.7412.2110.838.077.267.85
Other public1.621.471.331.331.341.521.531.451.671.651.391.32
5,60,750 shareholders · NSE shareholding pattern filings.