Hindustan Aeronautics Limited vs Bharat Dynamics Limited
An objective side-by-side of HAL and BDL, both in Aerospace & Defense: 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 2026-11-06 close
Latest results: HAL Jun 2026 · BDL Jun 2026
At a glance
- Hindustan Aeronautics Limited is the larger company by market value, about 8.6 times the size of Bharat Dynamics Limited.
- On trailing earnings, Hindustan Aeronautics Limited trades at the lower P/E (35.7 against 74.6).
- Hindustan Aeronautics Limited earns the higher return on equity (22.7% against 12.3%).
- Over three years Hindustan Aeronautics Limited has grown profits faster (16% a year against 6%).
- Over the past year the share prices returned +6.4% (HAL) and -30.7% (BDL).
| Metric | Hindustan Aeronautics HAL |
Bharat Dynamics BDL |
|---|---|---|
| Size and price | ||
| Market cap | ₹333,050 Cr | ₹38,856 Cr |
| Share price | ₹4,980.00 | ₹1,060.00 |
| Valuation | ||
| P/E | 35.73 | 74.64 |
| P/B | 8.12 | 9.16 |
| EV/EBITDA | 33.26 | 110.52 |
| PEG | 2.23 | 12.44 |
| Dividend yield | 0.8% | 0.4% |
| Profitability | ||
| ROE | 22.7% | 12.3% |
| ROCE | 32.0% | 14.0% |
| Operating margin | 29.6% | 12.7% |
| Sales (TTM) | ₹33,785 Cr | ₹2,766 Cr |
| Net profit (TTM) | ₹9,321 Cr | ₹521 Cr |
| Growth | ||
| Latest quarter sales YoY | +14.4% | +130.8% |
| Latest quarter profit YoY | +14.9% | +547.4% |
| Sales CAGR 3Y | +7.0% | -1.0% |
| Profit CAGR 3Y | +16.0% | +6.0% |
| Sales CAGR 5Y | +8.0% | +5.0% |
| Profit CAGR 5Y | +23.0% | +10.0% |
| Financial strength | ||
| Debt/Equity | 0.00 | 0.00 |
| Interest cover | 1,486.85 | 39.53 |
| Ownership | ||
| Promoter holding | 71.6% | 74.9% |
| Promoter change (4 qtrs) | +0.00 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +4.92% | -2.30% |
| Return 3M | +1.22% | -18.40% |
| Return 1Y | +6.41% | -30.71% |
| Return YTD | +13.47% | -27.72% |
| Technical condition | ||
| Technical score | 87 | 34 |
| RS rating (1-99) | 70.00 | 14.00 |
| % vs 200-DMA | +11.56% | -16.59% |
| RSI (14) | 56.70 | 47.69 |
| % from 52-week high | -3.30% | -35.10% |
