Bharat Dynamics LimitedBDLCorporate

Industrials Aerospace & Defense Latest results: Dec 2025 3 quarters of data

₹1,114.70

MCap ₹40,861 Cr

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹567 Cr

Sales · Dec 2025

₹26 Cr

Operating Profit · Dec 2025

4.6%

OPM % · Dec 2025

₹73 Cr

Net Profit · Dec 2025

₹1.99

EPS · Dec 2025

📝 Bharat Dynamics Limited — results explained

Quarter ended December 2025 (Q3 FY26)

Bharat Dynamics Limited reported revenue of ₹567 crore for the quarter ended December 2025 (Q3 FY26).

Net profit stood at ₹73 crore. Earnings per share (EPS) came in at ₹1.99.

Operating profit stood at ₹26 crore — an operating margin (OPM) of 4.6%.

Valuation snapshot

At the current price of ₹1,114.70, BDL has a market capitalisation of ₹40,861 crore.

Within the Aerospace & Defense industry, it is the 4th-largest of the 30 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 74.93%, foreign institutional investors (FIIs) 1.76%, domestic institutional investors (DIIs) 10.80%, public shareholders 12.52% of Bharat Dynamics Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹40,861 Cr

Current Price ?

₹1,114.7

P/E ?

N/A

Industry P/E ?

67.70

P/B ?

9.63

P/S ?

N/A

P/FCF ?

-355.31

Enterprise Value ?

₹40,861 Cr

EV/EBITDA ?

N/A

PEG ?

N/A

Earnings Yield ?

N/A

Dividend Yield ?

N/A

Profitability & Returns

Sales (TTM) ?

N/A

OPM ?

N/A

Profit after tax (TTM) ?

N/A

EPS (TTM) ?

N/A

ROCE ?

14.0%

ROE ?

N/A

ROA ?

N/A

Growth

Sales — latest qtr ?

₹567 Cr

PAT — latest qtr ?

₹73 Cr

YoY qtr sales growth ?

N/A

YoY qtr profit growth ?

N/A

Sales growth (3y) ?

N/A

Sales growth (5y) ?

N/A

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹0 Cr

Debt to Equity ?

0.00

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

74.93%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-11.2%

Return 6 months ?

-19.3%

🗓️ Quarterly results (3 quarters · ₹ Cr)

same fiscal quarter as Dec bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Jun 2025	Dec 2025	YoY %	QoQ %
Sales	462	248	567	—	—
Operating Profit	89	-45	26	—	—
Other Income	36	87	97	—	—
Interest	1	1	1	—	—
Depreciation	19	18	19	—	—
Profit Before Tax	106	23	103	—	—
Net Profit	84	18	73	—	—
EPS	4.57	0.50	1.99	—	—
OPM %	19.3%	-18.3%	4.6%	—	—

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	183	183	183	183	+0.0%
Reserves	3,028	3,454	3,826	4,058	+6.1%
Borrowings	9	8	7	0	-100.0%
Other Liabilities	5,535	6,781	7,798	10,020	+28.5%
Total Liabilities	8,756	10,426	11,814	14,262	+20.7%
Fixed Assets	809	824	857	1,003	+17.0%
CWIP	74	73	230	174	-24.3%
Investments	0	0	4	4	+0.0%
Other Assets	7,873	9,530	10,723	13,081	+22.0%
Total Assets	8,756	10,426	11,814	14,262	+20.7%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	% Chg
Cash from Operating Activity	530	2,130	412	167	-59.5%
Cash from Investing Activity	-573	-1,171	-722	-407	+43.6%
Cash from Financing Activity	-149	-171	-148	-220	-48.6%
Net Cash Flow	-192	788	-459	-460	-0.2%
Free Cash Flow	428	2,022	331	-115	-134.7%
CFO/OP	101%	574%	106%	78%	-26.4%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	27	48	90	63	-30.0%
Inventory Days	584	841	591	1,381	+133.7%
Days Payable	142	325	328	846	+157.9%
Cash Conversion Cycle	469	564	354	598	+68.9%
Working Capital Days	237	322	207	254	+22.7%
ROCE %	16%	24%	20%	14%	-30.0%

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Sep 2026	% Chg
Promoters	74.93%	74.93%	74.93%	74.93%	74.93%	+0.0%
FIIs	3.77%	2.43%	2.29%	2.02%	1.76%	-12.9%
DIIs	10.10%	11.30%	10.94%	10.97%	10.80%	-1.5%
Public	11.19%	11.34%	11.83%	12.10%	12.52%	+3.5%
No. of Shareholders	5,41,535	5,37,004	5,51,090	5,68,164	5,72,065	+0.7%

⚖️ Peer comparison

Industry: Aerospace & Defense · top 25 of 30 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	HAL Hindustan Aeronautics	₹4,905.00	328,034	35.2	33,785	9,321	29.6%	27.6%	6.8%	9.0%	14.4%	14.9%
2	BEL Bharat Electronics	₹404.35	295,571	48.1	28,689	6,147	28.6%	21.4%	15.9%	13.9%	25.6%	8.8%
3	MAZDOCK Mazagon Dock	₹2,339.00	94,351	33.0	13,323	2,854	19.3%	21.4%	13.8%	14.2%	12.1%	21.7%
4	BDL Bharat Dynamics	₹1,190.00	43,621	83.7	2,766	521	12.7%	18.8%	-27.0%	-23.6%	130.8%	547.4%
5	COCHINSHIP Cochin Shipyard	₹1,381.00	36,331	53.4	5,047	680	15.1%	13.5%	4.2%	-13.4%	2.4%	-19.4%
6	GRSE Garden Reach	₹2,394.90	27,434	34.3	7,507	801	11.1%	10.7%	37.9%	41.9%	38.5%	44.0%
7	DATAPATTNS Data Patterns	₹4,829.00	27,035	100.9	941	267	39.6%	28.4%	30.5%	22.4%	17.2%	-15.2%
8	SIGMAADV SIGMA ADVANCED	₹965.50	18,338	233.8	194	73	22.5%	37.6%	—	—	—	-93.0%
9	ASTRAMICRO Astra Microwave	₹1,688.50	16,031	84.8	1,139	189	28.5%	16.6%	10.5%	26.1%	-11.5%	-24.1%
10	APOLLO Apollo Micro	₹413.85	15,379	121.0	1,022	115	22.6%	11.3%	60.8%	90.9%	88.1%	42.6%
11	ZENTEC Zen Technologies	₹1,679.80	15,109	55.9	829	250	34.4%	30.1%	-47.9%	-44.0%	-10.5%	-40.0%
12	AEQUS Aequs	₹226.75	14,849	—	1,371	-171	5.6%	-12.5%	—	—	54.5%	-1430.7%
13	SWANDEF SWAN DEFENCE	₹2,734.00	14,403	41.2	341	350	-90.2%	102.4%	3886.9%	-48.6%	72.1%	2932.2%
14	PARAS Paras Defence	₹1,307.30	10,535	104.4	511	96	25.5%	18.8%	30.7%	45.5%	37.3%	45.3%
15	UNIMECH Unimech Aerospace	₹1,779.80	9,060	125.7	285	72	33.1%	25.2%	-0.5%	-24.7%	70.8%	46.7%
16	AXISCADES AXISCADES Technologies	₹1,817.70	7,731	151.0	1,262	51	10.9%	4.1%	12.4%	-4.3%	42.2%	—
17	MIDHANI Mishra Dhatu	₹403.90	7,567	56.1	1,278	135	18.8%	10.6%	12.6%	18.7%	40.5%	28.6%
18	CYIENTDLM Cyient DLM	₹900.90	7,150	85.2	1,439	84	10.0%	5.8%	-17.0%	7.7%	26.5%	5.8%
19	CENTUM Centum Electronics	₹4,276.10	6,303	76.3	1,072	83	11.4%	7.7%	-1.2%	-852.0%	-25.3%	2257.0%
20	ROSSTECH Rossell Techsys	₹1,549.80	5,864	227.2	552	26	12.9%	4.7%	86.8%	175.3%	77.1%	116.5%
21	AVANTEL Avantel	₹156.19	4,150	251.9	241	17	22.7%	7.1%	-10.5%	-73.4%	35.7%	67.2%
22	IDEAFORGE Ideaforge Technology	₹761.60	3,786	n/m	283	3	9.3%	1.2%	41.0%	71.4%	427.6%	89.2%
23	JAYKAY Jaykay Enterprises	₹188.76	2,459	12.9	259	200	10.7%	77.2%	129.1%	2867.2%	14536.6%	—
24	543920 CFF Fluid	₹778.35	2,150	41.6	209	39	28.2%	18.7%	—	—	59.1%	100.0%
25	523606 Sika Interplant	₹1,113.70	2,002	68.1	186	35	22.0%	18.6%	43.1%	38.2%	-37.0%	-18.8%

❓ Frequently asked questions

What was Bharat Dynamics Limited's revenue in Q3 FY26?