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Bharat Dynamics

India's missile production monopoly (with DRDO designs) — Akash, ATGMs, torpedoes, Astra. Lumpy execution but ₹20K Cr+ order pipeline post Op Sindoor replenishment.

Order book · ₹20K Cr+ orders; Akash export interest from Brazil/Philippines

Sell / Avoid
₹1,256
Mkt cap ₹46.0K Cr
P/E
109.0x
P/B
10.8x
ROCE
13.8%
ROE
10.2%
Div yield
0.37%
52W high
₹1,735
52W low
₹1,086
Promoter
74.9%
Score bridge (derived from real data)
Fundamental
41
Valuation
30
Technical
28
Moat (curated)
85

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹1,086now ₹1,256₹1,735
26/100
Technical rating D
Price · 2 years · SMA 50/200 · as of 2026-07-20
Strong DownMACD Bearish50 < 200
RSI-14
RSI-14
39
vs SMA-50
-3.2%
vs SMA-200
-9.2%
1Y return
-26.8%
Ann. vol
39%
Max DD 1Y
-36%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Missiles & Munitions
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
Solar Industries₹1.72 L Cr103.0x27%36.8%12.5%28.9%0.24x69
Bharat Dynamics ◄₹46.0K Cr109.0x9%13.8%-0.6%6.1%0.00x44
Premier Explosives₹3.6K Cr71.7x10%22.6%24.3%87.3%0.11x59

Financial statements

Source: Screener.in
Sales 3Y CAGR
-0.6%
PAT 3Y CAGR
6.1%
OPM (latest)
9.0%
PAT margin
17.2%
D / E
0.00x
CFO / PAT
1.44x
EV / EBITDA
206.5x
FCF yield
2.0%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—-11.6%-4.8%41.2%-27.0%
PAT growth YoY %—-29.6%74.1%-10.3%-23.6%
OPM %26%16%23%14%9%
PAT margin %17.7%14.1%25.9%16.4%17.2%
ROE % (PAT / net worth)16.5%11.0%16.9%13.7%9.9%
D / E (x)0.000.000.000.000.00
Asset turnover (x)0.420.280.230.280.17
CFO / PAT (x)1.066.050.670.301.44
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales2,8172,4892,3693,3452,442
Operating profit727409537473223
OPM %26%16%23%14%9%
Net profit500352613550420
EPS ₹13.649.6116.7114.9911.47
Quarterly · ₹ Cr
Dec 2024Mar 2025Jun 2025Sep 2025
Sales8321,7772481,147
OPM %15%17%-18%16%
PAT14727318216
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity183183183183183
Reserves2,8473,0283,4543,8264,058
Borrowings109870
Total assets6,6368,75610,42611,81414,262
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating5302,130412167604
Investing-573-1,171-722-407320
Financing-149-171-148-220-194
Shareholding
Promoters
74.9%
FII
2.0%
DII
11.0%
Public
12.1%
Mkt cap
₹46.0K Cr
P/E
109.0x
52W range
₹1,086–1,735