Bharat Dynamics Ltd.
•₹ 1,3593.19%
2026-08-21
PROS
- Company is almost debt free
- Latest quarter profit grew 547.4% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.79x)
- Company has been maintaining a healthy dividend payout of 31.0%
- Company comfortably covers its interest (181.0x coverage)
- Working capital cycle has improved - days down from 960 to 657
CONS
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (46.8% of PBT)
- Operating margins have contracted to 14.1% from 29.8%
- Company has delivered a poor profit growth of 0.5% over past five years
- Stock is trading at 11.8x its book value
- Company has delivered a poor sales growth of 1.5% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | HAL | 5010.00 | 35.94 | 335056.28 | 0.90 | 1589.66 | 14.88 | 5515.17 | 14.45 | 31.99 | 27.89 |
| 2. | BEL | 408.70 | 48.61 | 298750.66 | 0.61 | 1054.53 | 8.82 | 5546.98 | 24.94 | 36.68 | 25.22 |
| 3. | BDL | 1349.00 | 0.00 | 49449.28 | 0.36 | 118.79 | 547.36 | 572.24 | 147.63 | 19.75 | 14.52 |
| 4. | DATAPATTNS | 4775.20 | 3475.81 | 26733.46 | 0.21 | 220.60 | 765.10 | 1160.30 | 1068.13 | 23.18 | 27.04 |
| 5. | AEQUS | 262.40 | 0.00 | 17598.27 | 0.00 | -532.28 | -6067.26 | 3955.45 | 1486.69 | 1.50 | 4.47 |
| 6. | ZENTEC | 1932.40 | 96.85 | 17448.21 | 0.05 | 31.85 | -39.99 | 141.64 | -10.48 | 16.83 | 27.13 |
| 7. | ASTRAMICRO | 1702.95 | 85.53 | 16168.66 | 0.14 | 12.35 | -24.12 | 176.66 | -11.55 | 19.18 | 20.40 |
| 8. | APOLLO | 385.85 | 118.18 | 14338.17 | 0.06 | 252.16 | 1325.84 | 2512.93 | 1781.17 | 14.05 | 21.38 |
| 9. | SIGMAADV | 691.05 | 86.42 | 13125.04 | 0.00 | 354.12 | 159.95 | 3742.77 | — | 9.66 | 15.54 |
| 10. | PARAS | 1496.10 | 127.65 | 12056.67 | 0.07 | 20.74 | 45.34 | 127.91 | 37.26 | 18.68 | 24.95 |
| 11. | UNIMECH | 1498.40 | 105.90 | 7627.16 | 0.00 | 27.86 | 45.70 | 107.62 | 70.85 | 12.10 | 36.35 |
| 12. | AXISCADES | 1591.70 | 186.31 | 6770.06 | 0.00 | -14.76 | -170.76 | 183.35 | -24.77 | 14.56 | 4.73 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 296 | 610 | 596 | 849 | 188 | 535 | 799 | 1,801 | 231 | 1,147 | 549 | 489 | 572 | |
| 330 | 482 | 483 | 538 | 243 | 446 | 705 | 1,478 | 293 | 960 | 541 | 425 | 510 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 107 | 78 | 88 | 88 | 80 | 86 | 84 | 100 | 87 | 121 | 97 | 119 | 103 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 17 | 17 | 16 | 16 | 16 | 18 | 18 | 20 | 18 | 19 | 19 | 20 | 20 |
| 57 | 194 | 189 | 388 | 11 | 166 | 193 | 378 | 23 | 288 | 103 | 154 | 166 | |
| Tax % | 26.81% | 24.22% | 28.59% | 25.55% | 35.80% | 26.40% | 23.72% | 27.87% | 20.67% | 24.94% | 29.33% | 26.45% | 28.28% |
| Net Profit | 42 | 147 | 135 | 289 | 7 | 123 | 147 | 273 | 18 | 216 | 73 | 113 | 119 |
| 1 | 4 | 4 | 8 | 0 | 3 | 4 | 7 | 0 | 6 | 2 | 3 | 0 | |
| Equity Capital | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 296
- 330
- Operating Profit
- —
- OPM %
- —
- Other Income
- 107
- Interest
- 1
- Depreciation
- 17
- 57
- Tax %
- 26.81%
- Net Profit
- 42
- 1
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 610
- 482
- Operating Profit
- —
- OPM %
- —
- Other Income
- 78
- Interest
- 1
- Depreciation
- 17
- 194
- Tax %
- 24.22%
- Net Profit
- 147
- 4
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 596
- 483
- Operating Profit
- —
- OPM %
- —
- Other Income
- 88
- Interest
- 1
- Depreciation
- 16
- 189
- Tax %
- 28.59%
- Net Profit
- 135
- 4
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 849
- 538
- Operating Profit
- —
- OPM %
- —
- Other Income
- 88
- Interest
- 1
- Depreciation
- 16
- 388
- Tax %
- 25.55%
- Net Profit
- 289
- 8
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 188
- 243
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 1
- Depreciation
- 16
- 11
- Tax %
- 35.80%
- Net Profit
- 7
- 0
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 535
- 446
- Operating Profit
- —
- OPM %
- —
- Other Income
- 86
- Interest
- 1
- Depreciation
- 18
- 166
- Tax %
- 26.40%
- Net Profit
- 123
- 3
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 799
- 705
- Operating Profit
- —
- OPM %
- —
- Other Income
- 84
- Interest
- 1
- Depreciation
- 18
- 193
- Tax %
- 23.72%
- Net Profit
- 147
- 4
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,801
- 1,478
- Operating Profit
- —
- OPM %
- —
- Other Income
- 100
- Interest
- 1
- Depreciation
- 20
- 378
- Tax %
- 27.87%
- Net Profit
- 273
- 7
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 231
- 293
- Operating Profit
- —
- OPM %
- —
- Other Income
- 87
- Interest
- 1
- Depreciation
- 18
- 23
- Tax %
- 20.67%
- Net Profit
- 18
- 0
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,147
- 960
- Operating Profit
- —
- OPM %
- —
- Other Income
- 121
- Interest
- 1
- Depreciation
- 19
- 288
- Tax %
- 24.94%
- Net Profit
- 216
- 6
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 549
- 541
- Operating Profit
- —
- OPM %
- —
- Other Income
- 97
- Interest
- 1
- Depreciation
- 19
- 103
- Tax %
- 29.33%
- Net Profit
- 73
- 2
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 489
- 425
- Operating Profit
- —
- OPM %
- —
- Other Income
- 119
- Interest
- 1
- Depreciation
- 20
- 154
- Tax %
- 26.45%
- Net Profit
- 113
- 3
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 572
- 510
- Operating Profit
- —
- OPM %
- —
- Other Income
- 103
- Interest
- 1
- Depreciation
- 20
- 166
- Tax %
- 28.28%
- Net Profit
- 119
- 0
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 183
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,786 | 4,535 | 4,577 | 3,069 | 3,105 | 1,914 | 2,817 | 2,489 | 2,369 | 3,345 | 2,756 | |
| 3,384 | 4,118 | 4,088 | 2,449 | 2,349 | 1,568 | 2,090 | 2,080 | 1,832 | 2,872 | 2,435 | |
| Operating Profit | 900 | 869 | 842 | 759 | 844 | 440 | 839 | 565 | 899 | 824 | — |
| OPM % | 24 | 19 | 18 | 25 | 27 | 23 | 30 | 23 | 38 | 25 | — |
| Other Income | 497 | 452 | 353 | 139 | 88 | 95 | 111 | 155 | 362 | 350 | 440 |
| Interest | 5 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 4 | 4 | 3 |
| Depreciation | 53 | 62 | 63 | 83 | 96 | 95 | 90 | 77 | 67 | 71 | 79 |
| 841 | 803 | 774 | 671 | 742 | 341 | 710 | 482 | 828 | 749 | 710 | |
| Tax % | 33 | 35 | 32 | 37 | 28 | 24 | 30 | 27 | 26 | 27 | 27 |
| Net Profit | 562 | 524 | 528 | 423 | 535 | 258 | 500 | 352 | 613 | 550 | 521 |
| EPS | 5,750 | 25 | 27 | 23 | 29 | 14 | 27 | 10 | 33 | 15 | — |
| Dividend Payout % | 30 | 30 | 30 | 30 | 30 | 52 | 30 | 49 | 32 | 31 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 12 | 11 | 14 | 12 | 15 | 7 | 14 | 10 | 17 | 15 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 12 | 11 | 14 | 12 | 15 | 7 | 14 | 10 | 17 | 15 | — |
Mar 2016
- 3,786
- 3,384
- Operating Profit
- 900
- OPM %
- 24
- Other Income
- 497
- Interest
- 5
- Depreciation
- 53
- 841
- Tax %
- 33
- Net Profit
- 562
- EPS
- 5,750
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2017
- 4,535
- 4,118
- Operating Profit
- 869
- OPM %
- 19
- Other Income
- 452
- Interest
- 4
- Depreciation
- 62
- 803
- Tax %
- 35
- Net Profit
- 524
- EPS
- 25
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2018
- 4,577
- 4,088
- Operating Profit
- 842
- OPM %
- 18
- Other Income
- 353
- Interest
- 4
- Depreciation
- 63
- 774
- Tax %
- 32
- Net Profit
- 528
- EPS
- 27
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2019
- 3,069
- 2,449
- Operating Profit
- 759
- OPM %
- 25
- Other Income
- 139
- Interest
- 5
- Depreciation
- 83
- 671
- Tax %
- 37
- Net Profit
- 423
- EPS
- 23
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2020
- 3,105
- 2,349
- Operating Profit
- 844
- OPM %
- 27
- Other Income
- 88
- Interest
- 5
- Depreciation
- 96
- 742
- Tax %
- 28
- Net Profit
- 535
- EPS
- 29
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2021
- 1,914
- 1,568
- Operating Profit
- 440
- OPM %
- 23
- Other Income
- 95
- Interest
- 5
- Depreciation
- 95
- 341
- Tax %
- 24
- Net Profit
- 258
- EPS
- 14
- Dividend Payout %
- 52
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2022
- 2,817
- 2,090
- Operating Profit
- 839
- OPM %
- 30
- Other Income
- 111
- Interest
- 5
- Depreciation
- 90
- 710
- Tax %
- 30
- Net Profit
- 500
- EPS
- 27
- Dividend Payout %
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2023
- 2,489
- 2,080
- Operating Profit
- 565
- OPM %
- 23
- Other Income
- 155
- Interest
- 6
- Depreciation
- 77
- 482
- Tax %
- 27
- Net Profit
- 352
- EPS
- 10
- Dividend Payout %
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2024
- 2,369
- 1,832
- Operating Profit
- 899
- OPM %
- 38
- Other Income
- 362
- Interest
- 4
- Depreciation
- 67
- 828
- Tax %
- 26
- Net Profit
- 613
- EPS
- 33
- Dividend Payout %
- 32
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2025
- 3,345
- 2,872
- Operating Profit
- 824
- OPM %
- 25
- Other Income
- 350
- Interest
- 4
- Depreciation
- 71
- 749
- Tax %
- 27
- Net Profit
- 550
- EPS
- 15
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
TTM
- 2,756
- 2,435
- Operating Profit
- —
- OPM %
- —
- Other Income
- 440
- Interest
- 3
- Depreciation
- 79
- 710
- Tax %
- 27
- Net Profit
- 521
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 2%
- 5 Years:
- 2%
- 3 Years:
- 6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 2%
- 5 Years:
- 1%
- 3 Years:
- 3%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 48%
- 3 Years:
- 33%
- 1 Year:
- -14%
RETURN ON EQUITY
- 10 Years:
- 20%
- 5 Years:
- 14%
- 3 Years:
- 15%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 98 | 122 | 183 | 183 | 183 | 183 | 183 | 183 | 183 | 183 |
| 1,753 | 2,073 | 1,773 | 2,085 | 2,424 | 2,501 | 2,847 | 3,028 | 3,454 | 3,826 | |
| 0 | 0 | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 1,343 | 1,529 | 1,012 | 519 | 345 | 743 | 552 | 464 | 798 | 1,506 |
| 6,369 | 4,514 | 3,438 | 2,607 | 2,677 | 2,487 | 2,924 | 4,940 | 5,834 | 6,105 | |
| Total Liabilities | 9,564 | 8,239 | 6,406 | 5,397 | 5,631 | 5,914 | 6,507 | 8,616 | 10,269 | 11,620 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 697 | 757 | 868 | 957 | 932 | 915 | 874 | 809 | 824 | 857 | |
| Capital Work in Progress | 125 | 135 | 130 | 47 | 42 | 21 | 41 | 74 | 73 | 117 |
| 3 | 3 | 239 | 4 | 4 | 5 | 0 | 0 | 0 | 4 | |
| 2,058 | 2,240 | 1,926 | 1,665 | 857 | 1,397 | 1,654 | 1,822 | 1,982 | 2,645 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 310 | 826 | |
| Cash & Bank | 3,242 | 1,738 | 357 | 371 | 663 | 1,561 | 1,900 | 3,859 | 4,228 | 4,190 |
| 3,439 | 3,365 | 2,886 | 2,353 | 3,133 | 2,015 | 2,038 | 2,052 | 2,851 | 2,980 | |
| Total Assets | 9,564 | 8,239 | 6,406 | 5,397 | 5,631 | 5,914 | 6,507 | 8,616 | 10,269 | 11,620 |
| Total Debt | 0 | 4 | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 4 |
| Net Working Capital | 2,127 | 1,570 | 1,086 | 1,390 | 2,259 | 2,378 | 2,942 | 5,394 | 6,233 | 6,018 |
| Contingent Liabilities | 604 | 270 | 427 | 295 | 362 | 358 | 472 | 457 | 618 | 733 |
| Book Value per Share | 18654.08 | 17747.83 | 105.38 | 122.48 | 141.02 | 145.34 | 164.29 | 174.24 | 197.52 | 108.95 |
| Face Value | 1000.00 | 1000.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 |
| Total Debt | 0 | 4 | 4 | 5 | 6 | 4 | 4 | 4 | 4 | 4 |
| Net Working Capital | 2,127 | 1,570 | 1,086 | 1,390 | 2,259 | 2,378 | 2,942 | 5,394 | 6,233 | 6,018 |
| Contingent Liabilities | 604 | 270 | 427 | 295 | 362 | 358 | 472 | 457 | 618 | 733 |
| Book Value per Share | 18654.08 | 17747.83 | 105.38 | 122.48 | 141.02 | 145.34 | 164.29 | 174.24 | 197.52 | 108.95 |
| Face Value | 1000.00 | 1000.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 5.00 |
Mar 2016
- Equity Capital
- 98
- 1,753
- 0
- Trade Payables
- 1,343
- 6,369
- Total Liabilities
- 9,564
- 697
- Capital Work in Progress
- 125
- 3
- 2,058
- 0
- Cash & Bank
- 3,242
- 3,439
- Total Assets
- 9,564
- Total Debt
- 0
- Net Working Capital
- 2,127
- Contingent Liabilities
- 604
- Book Value per Share
- 18654.08
- Face Value
- 1000.00
- Total Debt
- 0
- Net Working Capital
- 2,127
- Contingent Liabilities
- 604
- Book Value per Share
- 18654.08
- Face Value
- 1000.00
Mar 2017
- Equity Capital
- 122
- 2,073
- 0
- Trade Payables
- 1,529
- 4,514
- Total Liabilities
- 8,239
- 757
- Capital Work in Progress
- 135
- 3
- 2,240
- 0
- Cash & Bank
- 1,738
- 3,365
- Total Assets
- 8,239
- Total Debt
- 4
- Net Working Capital
- 1,570
- Contingent Liabilities
- 270
- Book Value per Share
- 17747.83
- Face Value
- 1000.00
- Total Debt
- 4
- Net Working Capital
- 1,570
- Contingent Liabilities
- 270
- Book Value per Share
- 17747.83
- Face Value
- 1000.00
Mar 2018
- Equity Capital
- 183
- 1,773
- 0
- Trade Payables
- 1,012
- 3,438
- Total Liabilities
- 6,406
- 868
- Capital Work in Progress
- 130
- 239
- 1,926
- 0
- Cash & Bank
- 357
- 2,886
- Total Assets
- 6,406
- Total Debt
- 4
- Net Working Capital
- 1,086
- Contingent Liabilities
- 427
- Book Value per Share
- 105.38
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 1,086
- Contingent Liabilities
- 427
- Book Value per Share
- 105.38
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 183
- 2,085
- 2
- Trade Payables
- 519
- 2,607
- Total Liabilities
- 5,397
- 957
- Capital Work in Progress
- 47
- 4
- 1,665
- 0
- Cash & Bank
- 371
- 2,353
- Total Assets
- 5,397
- Total Debt
- 5
- Net Working Capital
- 1,390
- Contingent Liabilities
- 295
- Book Value per Share
- 122.48
- Face Value
- 10.00
- Total Debt
- 5
- Net Working Capital
- 1,390
- Contingent Liabilities
- 295
- Book Value per Share
- 122.48
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 183
- 2,424
- 2
- Trade Payables
- 345
- 2,677
- Total Liabilities
- 5,631
- 932
- Capital Work in Progress
- 42
- 4
- 857
- 0
- Cash & Bank
- 663
- 3,133
- Total Assets
- 5,631
- Total Debt
- 6
- Net Working Capital
- 2,259
- Contingent Liabilities
- 362
- Book Value per Share
- 141.02
- Face Value
- 10.00
- Total Debt
- 6
- Net Working Capital
- 2,259
- Contingent Liabilities
- 362
- Book Value per Share
- 141.02
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 183
- 2,501
- 0
- Trade Payables
- 743
- 2,487
- Total Liabilities
- 5,914
- 915
- Capital Work in Progress
- 21
- 5
- 1,397
- 0
- Cash & Bank
- 1,561
- 2,015
- Total Assets
- 5,914
- Total Debt
- 4
- Net Working Capital
- 2,378
- Contingent Liabilities
- 358
- Book Value per Share
- 145.34
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 2,378
- Contingent Liabilities
- 358
- Book Value per Share
- 145.34
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 183
- 2,847
- 0
- Trade Payables
- 552
- 2,924
- Total Liabilities
- 6,507
- 874
- Capital Work in Progress
- 41
- 0
- 1,654
- 0
- Cash & Bank
- 1,900
- 2,038
- Total Assets
- 6,507
- Total Debt
- 4
- Net Working Capital
- 2,942
- Contingent Liabilities
- 472
- Book Value per Share
- 164.29
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 2,942
- Contingent Liabilities
- 472
- Book Value per Share
- 164.29
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 183
- 3,028
- 0
- Trade Payables
- 464
- 4,940
- Total Liabilities
- 8,616
- 809
- Capital Work in Progress
- 74
- 0
- 1,822
- 0
- Cash & Bank
- 3,859
- 2,052
- Total Assets
- 8,616
- Total Debt
- 4
- Net Working Capital
- 5,394
- Contingent Liabilities
- 457
- Book Value per Share
- 174.24
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 5,394
- Contingent Liabilities
- 457
- Book Value per Share
- 174.24
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 183
- 3,454
- 0
- Trade Payables
- 798
- 5,834
- Total Liabilities
- 10,269
- 824
- Capital Work in Progress
- 73
- 0
- 1,982
- 310
- Cash & Bank
- 4,228
- 2,851
- Total Assets
- 10,269
- Total Debt
- 4
- Net Working Capital
- 6,233
- Contingent Liabilities
- 618
- Book Value per Share
- 197.52
- Face Value
- 10.00
- Total Debt
- 4
- Net Working Capital
- 6,233
- Contingent Liabilities
- 618
- Book Value per Share
- 197.52
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 183
- 3,826
- 0
- Trade Payables
- 1,506
- 6,105
- Total Liabilities
- 11,620
- 857
- Capital Work in Progress
- 117
- 4
- 2,645
- 826
- Cash & Bank
- 4,190
- 2,980
- Total Assets
- 11,620
- Total Debt
- 4
- Net Working Capital
- 6,018
- Contingent Liabilities
- 733
- Book Value per Share
- 108.95
- Face Value
- 5.00
- Total Debt
- 4
- Net Working Capital
- 6,018
- Contingent Liabilities
- 733
- Book Value per Share
- 108.95
- Face Value
- 5.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 284 | -420 | -341 | 84 | 504 | 1,068 | 530 | 2,130 | 412 | 167 | |
| Cash from Investing | 149 | 3 | 1,047 | 170 | -33 | -734 | -573 | -1,171 | -722 | -407 |
| Cash from Financing | -324 | -166 | -769 | -268 | -191 | -173 | -149 | -171 | -148 | -220 |
| 109 | -583 | -63 | -15 | 280 | 162 | -192 | 788 | -459 | -460 | |
| Free Cash Flow | 62 | -481 | -516 | -5 | 437 | 1,011 | 428 | 2,130 | 332 | 19 |
| OCF / Net Profit | 0.51 | -0.80 | -0.65 | 0.20 | 0.94 | 4.14 | 1.06 | 6.05 | 0.67 | 0.30 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -501 | 448 | 1,357 | 4,002 | 4,339 | 3,921 |
| OCF / Net Profit | 0.51 | -0.80 | -0.65 | 0.20 | 0.94 | 4.14 | 1.06 | 6.05 | 0.67 | 0.30 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -501 | 448 | 1,357 | 4,002 | 4,339 | 3,921 |
Mar 2016
- 284
- Cash from Investing
- 149
- Cash from Financing
- -324
- 109
- Free Cash Flow
- 62
- OCF / Net Profit
- 0.51
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.51
- Cumulative 5-Year FCF
- 0
Mar 2017
- -420
- Cash from Investing
- 3
- Cash from Financing
- -166
- -583
- Free Cash Flow
- -481
- OCF / Net Profit
- -0.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.80
- Cumulative 5-Year FCF
- 0
Mar 2018
- -341
- Cash from Investing
- 1,047
- Cash from Financing
- -769
- -63
- Free Cash Flow
- -516
- OCF / Net Profit
- -0.65
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.65
- Cumulative 5-Year FCF
- 0
Mar 2019
- 84
- Cash from Investing
- 170
- Cash from Financing
- -268
- -15
- Free Cash Flow
- -5
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 0
Mar 2020
- 504
- Cash from Investing
- -33
- Cash from Financing
- -191
- 280
- Free Cash Flow
- 437
- OCF / Net Profit
- 0.94
- Cumulative 5-Year FCF
- -501
- OCF / Net Profit
- 0.94
- Cumulative 5-Year FCF
- -501
Mar 2021
- 1,068
- Cash from Investing
- -734
- Cash from Financing
- -173
- 162
- Free Cash Flow
- 1,011
- OCF / Net Profit
- 4.14
- Cumulative 5-Year FCF
- 448
- OCF / Net Profit
- 4.14
- Cumulative 5-Year FCF
- 448
Mar 2022
- 530
- Cash from Investing
- -573
- Cash from Financing
- -149
- -192
- Free Cash Flow
- 428
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 1,357
- OCF / Net Profit
- 1.06
- Cumulative 5-Year FCF
- 1,357
Mar 2023
- 2,130
- Cash from Investing
- -1,171
- Cash from Financing
- -171
- 788
- Free Cash Flow
- 2,130
- OCF / Net Profit
- 6.05
- Cumulative 5-Year FCF
- 4,002
- OCF / Net Profit
- 6.05
- Cumulative 5-Year FCF
- 4,002
Mar 2024
- 412
- Cash from Investing
- -722
- Cash from Financing
- -148
- -459
- Free Cash Flow
- 332
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 4,339
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 4,339
Mar 2025
- 167
- Cash from Investing
- -407
- Cash from Financing
- -220
- -460
- Free Cash Flow
- 19
- OCF / Net Profit
- 0.30
- Cumulative 5-Year FCF
- 3,921
- OCF / Net Profit
- 0.30
- Cumulative 5-Year FCF
- 3,921
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 5750.07 | 4288.95 | 28.82 | 23.06 | 29.18 | 14.06 | 27.28 | 19.21 | 33.43 | 14.99 |
| Book Value (₹) | 18654.08 | 17747.83 | 105.38 | 122.48 | 141.02 | 145.34 | 164.29 | 174.24 | 197.52 | 108.95 |
| Dividend per Share (₹) | 1728.60 | 1288.70 | 8.65 | 6.92 | 8.80 | 7.35 | 8.30 | 9.35 | 10.55 | 4.65 |
| Cash EPS (₹) | 12.59 | 11.99 | 16.14 | 13.78 | 17.22 | 9.61 | 16.10 | 11.72 | 18.54 | 16.92 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 22.06% | 17.79% | 18.34% | 24.73% | 27.19% | 23.00% | 29.77% | 22.68% | 22.66% | 14.15% |
| Net Margin % | 13.78% | 10.72% | 11.51% | 13.77% | 17.23% | 13.47% | 17.74% | 14.15% | 25.86% | 16.43% |
| ROE % | 32.61% | 26.26% | 25.76% | 20.24% | 22.15% | 9.82% | 17.62% | 11.35% | 17.99% | 14.44% |
| ROCE % | 49.13% | 40.41% | 37.89% | 32.33% | 30.90% | 13.15% | 25.15% | 15.69% | 24.39% | 19.75% |
| 6.27% | 5.89% | 7.21% | 7.16% | 9.70% | 4.47% | 8.05% | 4.66% | 6.49% | 5.02% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 21 | 11 | 37 | 77 | 51 | 63 | 41 | 36 | 38 | 62 |
| Inventory Days | 158 | 161 | 166 | 213 | 148 | 215 | 198 | 255 | 293 | 252 |
| Payable Days | 136 | 175 | 173 | 176 | 106 | 238 | 201 | 156 | 260 | 257 |
| 43 | -3 | 30 | 115 | 93 | 40 | 37 | 134 | 71 | 58 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 157.22x | 179.62x | 185.22x | 131.30x | 137.04x | 73.34x | 150.48x | 87.79x | 230.75x | 181.00x |
| 1.33x | 1.28x | 1.26x | 1.48x | 1.98x | 1.94x | 2.14x | 3.45x | 3.07x | 2.38x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 36.20% | 19.79% | 0.91% | -32.94% | 1.16% | -38.36% | 47.22% | -11.64% | -4.83% | 41.18% |
| Operating Profit Growth % | 25.71% | -3.40% | -3.20% | -9.80% | 11.24% | -47.87% | 90.53% | -32.67% | 59.20% | -8.37% |
| Net Profit Growth % | 26.72% | -6.76% | 0.78% | -19.99% | 26.58% | -51.81% | 93.95% | -29.55% | 73.98% | -10.29% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 73.98% | -55.15% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 26.19x | 85.41x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.87x | 11.76x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.60% | 0.36% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 31.01x | 51.92x |
Mar 2016
- EPS (₹)
- 5750.07
- Book Value (₹)
- 18654.08
- Dividend per Share (₹)
- 1728.60
- Cash EPS (₹)
- 12.59
- Operating Margin %
- 22.06%
- Net Margin %
- 13.78%
- ROE %
- 32.61%
- ROCE %
- 49.13%
- 6.27%
- Debtor Days
- 21
- Inventory Days
- 158
- Payable Days
- 136
- 43
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 157.22x
- 1.33x
- Revenue Growth %
- 36.20%
- Operating Profit Growth %
- 25.71%
- Net Profit Growth %
- 26.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 4288.95
- Book Value (₹)
- 17747.83
- Dividend per Share (₹)
- 1288.70
- Cash EPS (₹)
- 11.99
- Operating Margin %
- 17.79%
- Net Margin %
- 10.72%
- ROE %
- 26.26%
- ROCE %
- 40.41%
- 5.89%
- Debtor Days
- 11
- Inventory Days
- 161
- Payable Days
- 175
- -3
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 179.62x
- 1.28x
- Revenue Growth %
- 19.79%
- Operating Profit Growth %
- -3.40%
- Net Profit Growth %
- -6.76%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 28.82
- Book Value (₹)
- 105.38
- Dividend per Share (₹)
- 8.65
- Cash EPS (₹)
- 16.14
- Operating Margin %
- 18.34%
- Net Margin %
- 11.51%
- ROE %
- 25.76%
- ROCE %
- 37.89%
- 7.21%
- Debtor Days
- 37
- Inventory Days
- 166
- Payable Days
- 173
- 30
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 185.22x
- 1.26x
- Revenue Growth %
- 0.91%
- Operating Profit Growth %
- -3.20%
- Net Profit Growth %
- 0.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 23.06
- Book Value (₹)
- 122.48
- Dividend per Share (₹)
- 6.92
- Cash EPS (₹)
- 13.78
- Operating Margin %
- 24.73%
- Net Margin %
- 13.77%
- ROE %
- 20.24%
- ROCE %
- 32.33%
- 7.16%
- Debtor Days
- 77
- Inventory Days
- 213
- Payable Days
- 176
- 115
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 131.30x
- 1.48x
- Revenue Growth %
- -32.94%
- Operating Profit Growth %
- -9.80%
- Net Profit Growth %
- -19.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 29.18
- Book Value (₹)
- 141.02
- Dividend per Share (₹)
- 8.80
- Cash EPS (₹)
- 17.22
- Operating Margin %
- 27.19%
- Net Margin %
- 17.23%
- ROE %
- 22.15%
- ROCE %
- 30.90%
- 9.70%
- Debtor Days
- 51
- Inventory Days
- 148
- Payable Days
- 106
- 93
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 137.04x
- 1.98x
- Revenue Growth %
- 1.16%
- Operating Profit Growth %
- 11.24%
- Net Profit Growth %
- 26.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 14.06
- Book Value (₹)
- 145.34
- Dividend per Share (₹)
- 7.35
- Cash EPS (₹)
- 9.61
- Operating Margin %
- 23.00%
- Net Margin %
- 13.47%
- ROE %
- 9.82%
- ROCE %
- 13.15%
- 4.47%
- Debtor Days
- 63
- Inventory Days
- 215
- Payable Days
- 238
- 40
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 73.34x
- 1.94x
- Revenue Growth %
- -38.36%
- Operating Profit Growth %
- -47.87%
- Net Profit Growth %
- -51.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 27.28
- Book Value (₹)
- 164.29
- Dividend per Share (₹)
- 8.30
- Cash EPS (₹)
- 16.10
- Operating Margin %
- 29.77%
- Net Margin %
- 17.74%
- ROE %
- 17.62%
- ROCE %
- 25.15%
- 8.05%
- Debtor Days
- 41
- Inventory Days
- 198
- Payable Days
- 201
- 37
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 150.48x
- 2.14x
- Revenue Growth %
- 47.22%
- Operating Profit Growth %
- 90.53%
- Net Profit Growth %
- 93.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 19.21
- Book Value (₹)
- 174.24
- Dividend per Share (₹)
- 9.35
- Cash EPS (₹)
- 11.72
- Operating Margin %
- 22.68%
- Net Margin %
- 14.15%
- ROE %
- 11.35%
- ROCE %
- 15.69%
- 4.66%
- Debtor Days
- 36
- Inventory Days
- 255
- Payable Days
- 156
- 134
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 87.79x
- 3.45x
- Revenue Growth %
- -11.64%
- Operating Profit Growth %
- -32.67%
- Net Profit Growth %
- -29.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 33.43
- Book Value (₹)
- 197.52
- Dividend per Share (₹)
- 10.55
- Cash EPS (₹)
- 18.54
- Operating Margin %
- 22.66%
- Net Margin %
- 25.86%
- ROE %
- 17.99%
- ROCE %
- 24.39%
- 6.49%
- Debtor Days
- 38
- Inventory Days
- 293
- Payable Days
- 260
- 71
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 230.75x
- 3.07x
- Revenue Growth %
- -4.83%
- Operating Profit Growth %
- 59.20%
- Net Profit Growth %
- 73.98%
- 73.98%
- P/E (x)
- 26.19x
- P/B (x)
- 8.87x
- Dividend Yield %
- 0.60%
- 31.01x
Mar 2025
- EPS (₹)
- 14.99
- Book Value (₹)
- 108.95
- Dividend per Share (₹)
- 4.65
- Cash EPS (₹)
- 16.92
- Operating Margin %
- 14.15%
- Net Margin %
- 16.43%
- ROE %
- 14.44%
- ROCE %
- 19.75%
- 5.02%
- Debtor Days
- 62
- Inventory Days
- 252
- Payable Days
- 257
- 58
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 181.00x
- 2.38x
- Revenue Growth %
- 41.18%
- Operating Profit Growth %
- -8.37%
- Net Profit Growth %
- -10.29%
- -55.15%
- P/E (x)
- 85.41x
- P/B (x)
- 11.76x
- Dividend Yield %
- 0.36%
- 51.92x
Documents
Announcements
- Appointment
2026-08-18 - Bharat Dynamics Limited has informed the Exchange regarding Appointment of letter attached as Independent Director of the company w.e.f. August 17, 2026.
- Outcome of Board Meeting
2026-08-14 - Bharat Dynamics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Annual Reports
Credit Ratings
Nothing filed yet.