Bharat Dynamics Key Ratios
NSE: BDL | BSE: 541143
₹1,087.90
As on 01-Oct-2026IST
Market cap
₹39,891 Cr
Revenue (TTM)
₹2,766 Cr
P/E Ratio
76.6
P/B Ratio
9.2
Div. Yield
0.5 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 19.17 | 130.81 | -18.69 | 9.75 | 6.64 |
| EBIT | 77.50 | 199.68 | -32.79 | 1.32 | -3.37 |
| Net Profit | 4.96 | 547.36 | -7.13 | 13.72 | 10.59 |
| EPS | 4.96 | 547.36 | -7.13 | 13.72 | 10.59 |
| Book Value | -- | -- | 5.84 | 9.80 | 9.67 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 12.65 | 14.78 | 9.88 | 6.09 | 12.03 |
| Net Margin
| 17.33 | 16.47 | 16.24 | 14.67 | 14.87 |
| Return on equity
| 14.22 | 14.32 | 12.31 | 10.23 | 14.44 |
| Return on Capital
| 19.35 | 19.78 | -- | 13.91 | 19.76 |
| Return on Assets
| 4.92 | 5.50 | 4.01 | 3.26 | 5.02 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
13.91
|
19.76
|
24.39
|
15.69
|
|
Peer Median
|
--
|
16.60
|
11.90
|
12.59
|
--
|
ROE
12.31
Higher than Peers by 0.75
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
12.31
|
10.23
|
14.44
|
17.99
|
11.35
|
|
Peer Median
|
11.57
|
14.58
|
7.76
|
7.93
|
--
|
ROA
4.01
Lower than Peers by 3.01
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
4.01
|
3.26
|
5.02
|
6.49
|
4.66
|
|
Peer Median
|
7.01
|
7.72
|
5.18
|
5.12
|
--
|
EBIT Margin
9.88
Lower than Peers by 9.79
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
9.88
|
6.09
|
12.03
|
19.84
|
13.33
|
|
Peer Median
|
19.67
|
20.77
|
20.26
|
18.78
|
--
|
Net Margin
16.24
Higher than Peers by 2.50
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
16.24
|
14.67
|
14.87
|
22.43
|
13.32
|
|
Peer Median
|
13.74
|
14.32
|
11.47
|
10.93
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
20.32
|
18.55
|
28.69
|
17.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-18.69
Lower than Peers by 63.86
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
-18.69
|
-27.00
|
41.18
|
-4.83
|
-11.64
|
|
Peer Median
|
45.17
|
52.85
|
43.85
|
29.60
|
--
|
EBIT Growth
-32.79
Lower than Peers by 83.05
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
-32.79
|
-63.07
|
-14.35
|
41.57
|
-47.89
|
|
Peer Median
|
50.26
|
39.79
|
56.93
|
31.03
|
--
|
Net Profit Growth
-7.13
Lower than Peers by 60.21
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
-7.13
|
-23.53
|
-10.29
|
73.98
|
-29.55
|
|
Peer Median
|
53.08
|
40.23
|
81.19
|
65.28
|
--
|
EPS Growth
-7.13
Lower than Peers by 34.41
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
-7.13
|
-23.53
|
-10.29
|
73.98
|
-29.55
|
|
Peer Median
|
27.28
|
3.86
|
56.95
|
10.00
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
5.84
|
10.32
|
13.36
|
6.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Peer Median
|
0.00
|
0.23
|
0.16
|
0.23
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.01
Lower than Peers by 0.64
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
2.01
|
2.01
|
2.38
|
3.07
|
3.45
|
|
Peer Median
|
2.65
|
3.18
|
2.35
|
2.89
|
--
|
Quick Ratio
1.28
Lower than Peers by 0.29
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
1.28
|
1.28
|
1.77
|
2.41
|
2.62
|
|
Peer Median
|
1.57
|
1.73
|
2.34
|
1.17
|
--
|
Interest Coverage
214.37
Higher than Peers by 205.95
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
214.37
|
124.68
|
181.00
|
230.75
|
87.79
|
|
Peer Median
|
8.42
|
11.44
|
6.12
|
4.67
|
--
|
Operating Efficiency
Debtors to sales
15.29
Lower than Peers by 24.14
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
15.29
|
17.32
|
24.70
|
13.10
|
7.41
|
|
Peer Median
|
39.43
|
34.11
|
42.40
|
63.31
|
--
|
Asset Turnover
0.21
Lower than Peers by 0.29
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
0.21
|
0.19
|
0.31
|
0.25
|
0.33
|
|
Peer Median
|
0.50
|
0.56
|
0.50
|
0.49
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
93.37
|
62.02
|
38.13
|
35.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
543.42
|
252.47
|
293.08
|
254.89
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
660.26
|
256.99
|
260.17
|
156.33
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
--
|
-23.47
|
57.51
|
71.04
|
134.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
76.60
Lower than Peers by 32.23
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
76.60
|
95.66
|
85.41
|
26.19
|
25.73
|
|
Peer Median
|
108.83
|
114.78
|
109.94
|
96.83
|
--
|
Price / Book Value
9.18
Lower than Peers by 4.35
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
9.18
|
9.51
|
11.76
|
8.87
|
5.67
|
|
Peer Median
|
13.53
|
14.08
|
11.00
|
8.12
|
--
|
Dividend Yield
0.45
Higher than Peers by 0.37
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
0.45
|
0.45
|
0.36
|
0.60
|
0.95
|
|
Peer Median
|
0.08
|
0.07
|
--
|
0.01
|
--
|
EV/EBITDA
44.42
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
44.42
|
54.76
|
51.92
|
31.01
|
25.27
|
|
Peer Median
|
--
|
72.77
|
141.07
|
78.60
|
--
|
Market Cap
39,891
Higher than Peers by 29,612
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Bharat Dynamics
|
39,891
|
40,208
|
46,947
|
32,098
|
18,122
|
|
Peer Median
|
10,279
|
12,246
|
6,497
|
3,830
|
--
|