B

Bharat Dynamics Limited

BDLNSE
Market snapshot · 2026-08-11 12:18 UTC

1,307.60

₹-2.40 (-0.18%)

MARKET CAP

₹47.93K Cr

STOCK P/E

113.4x

52W HIGH

₹1,654.00

52W LOW

₹1,086.00

BOOK VALUE

₹115.78

EPS

₹11.53

ROE

10.19%

SECTOR

Industrials

DEBT/EQUITY

0.01

VOLUME

5.06L

P/B RATIO

11.29x

PEG RATIO

-1.94

Sector

Industrials

Themes

Aerospace & Defense EquipmentsPsuEngineeringMiniratna
D
Dividend
E
Earnings
₹1,625.81₹1,503.58₹1,381.36₹1,259.13₹1,136.90VolumeEDEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BDL.

12.00 analysts

Price Forecast

Current
₹1,308
High Target
₹1,558
▲ +19.1%
Median Target
₹1,270
▼ -2.9%
Low Target
₹1,080
▼ -17.4%
Now₹1,308High ₹1,558Median ₹1,270Low ₹1,080Aug '25Now12M Target
Price history (1Y)
Analyst target range
12 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹984.41 - ₹1,62680%
6M₹858.44 - ₹1,74580%
12M₹693.77 - ₹1,89380%
Realized vol: +39.2% · Drift: -5.5%

Revenue Forecast

₹ Cr
Mar '26Current₹480.0
Sep 2026 ETrend estimate range
High₹1,262.0Base₹1,168.5Low₹1,075.0
Jun '25: ₹248.0 · Sep '25: ₹1,147.0 · Dec '25: ₹567.0 · Mar '26: ₹480.0 · Sep '26: ₹1,168.5 · Dec '26: ₹577.6
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E248.01,147.0567.0480.01,168.5577.6
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹3.09
Sep 2026 ETrend estimate range
High₹5.88Base₹5.25Low₹4.62
Jun '25: ₹0.50 · Sep '25: ₹5.89 · Dec '25: ₹1.99 · Mar '26: ₹3.09 · Sep '26: ₹5.25 · Dec '26: ₹1.77
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E0.505.891.993.095.251.77
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
54%
Analyst Consensus
Weakening

From 12 analysts

Mean upside-0.5%

Fundamentals

Weakening

Fundamentals institutional score is 23 using EVA spread proxy -1.8%; growth durability 0.0.

Valuation

Fairly valued

Valuation institutional score is 63 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 39 using mean target upside -0.5%; dispersion penalty 14.7; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 71 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is skewing constructive on impact and recency. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. technical structure and market sentiment provide support, while fundamentals and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedAnalyst Consensus WeakeningTechnical Structure Strong TrendMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price1,300.7 target
Mean Upside-0.5%
Technical Score71%
Fundamental Score23%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 3.3% above historical median. Valuation is stable — currently in the fair zone (z-score: +0.25). Confidence: 71%.

Live forward EPS implies next-12-month EPS of ₹30.82. Applying the stock's normalized valuation corridor produces a fair range of ₹2,597.20 to ₹3,925.24, with base value near ₹3,384.04 (+158.8% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹30.82

Forward P/E

42.4x

Base Fair Value

₹3,384.04

Fair Range

₹2,597.20 - ₹3,925.24

Upside To Base

+158.8%

Estimate Source

Live forward EPS

Growth Estimate

-58.4%

P/E
Fair

5Y Average

78.24

Current

113.41

Overvalued

127.36

Undervalued

84.27

EV/EBITDA
Strongly Overvalued

5Y Average

101.38

Current

193.74

Overvalued

159.62

Undervalued

59.10

P/B
Strongly Undervalued

5Y Average

12.97

Current

11.29

Overvalued

13.60

Undervalued

11.30

Peers & Comparison

Sector: Industrials · Theme: Aerospace & Defense Equipments

Aerospace & Defense Equipments Peers8 peers
Avg P/E: 70x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
DATA PATTERNS INDIA LTD
DATAPATTNSAerospace & Defense Equipments
+16.8%28.5%
91.0x
Premium
+30% vs avg
+75.4%
PARAS DEF AND SPCE TECH L
PARASAerospace & Defense Equipments
+57.9%18.5%
117.8x
Premium
+68% vs avg
+93.1%
SIGMA ADVANCED SYSTEM LTD
SIGMAADVAerospace & Defense Equipments
54.0%
45.9x
Undervalued
-34% vs avg
+481.7%
AEQUS LIMITED
AEQUSAerospace & Defense Equipments
+54.8%-12.4%
+61.4%
BEML LIMITED
BEMLRail
+8.6%3.2%
84.1x
Premium
+20% vs avg
-4.7%
COCHIN SHIPYARD LIMITED
COCHINSHIPShipbuilding
-15.6%14.3%
55.6x
Undervalued
-21% vs avg
-9.5%
BHEL
BHELHeavy Electrical Equipments
+40.3%6.8%
56.9x
Undervalued
-19% vs avg
+83.5%
MAZAGON DOCK SHIPBUIL LTD
MAZDOCKShipbuilding
+12.1%20.1%
38.4x
Undervalued
-45% vs avg
-4.3%
WHY THESE PEERS

BHARAT DYNAMICS LIMITED trades at a premium (113.4x vs peer avg 70.0x), implying higher growth or quality expectations from the Aerospace & Defense Equipments cohort. Peers include DATA PATTERNS INDIA LTD, PARAS DEF AND SPCE TECH L, SIGMA ADVANCED SYSTEM LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹480 CrMar 2026

Latest net profit

₹113 CrMar 2026

Latest EPS

₹3.09Mar 2026

Net margin

12.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26-18.0%-9.0%0.0%9.0%18.0%0.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr150 Cr300 Cr450 Cr600 Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-5.00K Cr0.00 Cr5.00K Cr10.00K Cr15.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +7982986166028541915458321,7772481,147567480
Expenses +6153304824835382434467051,478293960541425
Operating Profit183-33134119316-5299127299-451882655
OPM %23%-11%22%20%37%-27%18%15%17%-18%16%4.6%12%
Other Income +371077888888086841008712197119
Interest1111111111111
Depreciation14171716161618182018191920
Profit before tax206571941893881116619337823288103154
Tax %26%27%24%29%26%36%26%24%28%21%25%29%26%
Net Profit +1534214713528971231472731821673113
EPS in Rs4.171.144.013.687.880.203.344.017.440.505.891.993.09
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +74.93%74.93%74.93%74.93%74.93%
FIIs +3.77%2.43%2.29%2.02%1.69%
DIIs +10.10%11.30%10.94%10.97%11.53%
Public +11.19%11.34%11.83%12.10%11.85%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 30 June 2026

Jul 31, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Jul 30, 2026PDFCompany Reports Open

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Jul 09, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Directorate

Jul 09, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Directorate

Jul 03, 2026PDFCompany Reports Open