Hindustan Aeronautics Limited vs Bharat Dynamics Limited
An objective side-by-side of HAL and BDL, both in Engineering: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: HAL Jun 2026 · BDL Jun 2026
At a glance
- Hindustan Aeronautics Limited is the larger company by market value, about 7.5 times the size of Bharat Dynamics Limited.
- On trailing earnings, Hindustan Aeronautics Limited trades at the lower P/E (34.6 against 205.0).
- Hindustan Aeronautics Limited earns the higher return on equity (22.7% against 5.0%).
- Over the past year the share prices returned +0.6% (HAL) and -26.8% (BDL).
| Metric | Hindustan Aeronautics HAL |
Bharat Dynamics BDL |
|---|---|---|
| Size and price | ||
| Market cap | ₹322,751 Cr | ₹43,071 Cr |
| Share price | ₹4,826 | ₹1,175 |
| Valuation | ||
| P/E | 34.62 | 205.04 |
| P/B | 7.86 | 10.16 |
| EV/EBITDA | 32.23 | 676.23 |
| PEG | 2.16 | — |
| Dividend yield | 0.8% | — |
| Profitability | ||
| ROE | 22.7% | 5.0% |
| ROCE | 32.0% | 14.0% |
| Operating margin | 29.6% | 4.6% |
| Sales (TTM) | ₹33,785 Cr | ₹1,387 Cr |
| Net profit (TTM) | ₹9,321 Cr | ₹210 Cr |
| Growth | ||
| Latest quarter sales YoY | +14.4% | +130.8% |
| Latest quarter profit YoY | +14.9% | +547.4% |
| Sales CAGR 3Y | +7.0% | — |
| Profit CAGR 3Y | +16.0% | — |
| Sales CAGR 5Y | +8.0% | — |
| Profit CAGR 5Y | +23.0% | — |
| Financial strength | ||
| Debt/Equity | 0.00 | 0.00 |
| Interest cover | 1,486.85 | -27.27 |
| Ownership | ||
| Promoter holding | 71.6% | 74.9% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | -3.44% | -10.78% |
| Return 3M | +6.88% | -16.47% |
| Return 1Y | +0.64% | -26.78% |
| Return YTD | +9.96% | -19.88% |
| Technical condition | ||
| Technical score | 45 | 21 |
| RS rating (1-99) | 66.00 | 20.00 |
| % vs 200-DMA | +9.76% | -11.85% |
| RSI (14) | 49.59 | 37.12 |
| % from 52-week high | -6.29% | -28.96% |
