Bharat Dynamics Limited

Hyderabad, India Founded: 1970 • Age: 56 yrs Listed
Guided missiles and defense equipment are developed and manufactured.
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About Bharat Dynamics Limited

Bharat Dynamics Limited is a publicly listed company based in Hyderabad (India) founded in 1970. Guided missiles and defense equipment are developed and manufactured. It operates on a Professional Services and Direct-to-Consumer (D2C) model. The company has 2,270 employees. Its website bdl-india.in draws about 421 thousand monthly visits. Its Indian entity Bharat Dynamics Limited reported revenue of ₹2,866 Cr. Bharat Dynamics Limited offers products and services including Unified Launcher, Milan - 2T ATGM, Konkurs-M ATGM, INVAR (3 UBK 20) ATGM, and NAG ATGM. Its focus areas include Defense, Aerospace and Defense and Missile Systems.

Company details

Bharat Dynamics Limited, headquartered in Hyderabad, India, is involved in the production of guided missile systems and allied equipment for the Indian Armed Forces. The company operates under the Ministry of Defence, Government of India, and collaborates with DRDO and foreign OEMs. Its activities span across the defense sector, focusing on missile technology and defense solutions. Various anti-tank guided missiles and launchers are manufactured to support national security needs.

  • Headquarters Hyderabad, India
  • Employees 2,270
  • Stage Public
  • Sectors
    Aerospace, Defense & Maritime
  • Website category Heavy Industry and Engineering · Energy Industry
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website bdl-india.in
  • Social LinkedIn X Facebook
  • Legal Name Bharat Dynamics Ltd.
Operational Areas
Aerospace, Defense & Maritime → Defense & Military Services
Key Metrics
  • Market Cap
    ₹37,059 Cr

    BDL · NSE

  • Share Price
    ₹974.00

    -3.66% today

  • Revenue
    ₹2,442 Cr

    FY 2025-26 · -27.0% YoY

  • EBITDA
    ₹225 Cr

    Margin 9.2%

  • Net Profit
    ₹420 Cr

    FY 2025-26 · -23.5% YoY

  • P/E (TTM)
    69.9x

    P/B 8.6x

  • Employee Count
    2,270

Products & Services of Bharat Dynamics Limited

Bharat Dynamics Limited offers a comprehensive portfolio of products and services, including Unified Launcher, Milan - 2T ATGM, Konkurs-M ATGM, INVAR (3 UBK 20) ATGM, and NAG ATGM.

Unified Launcher
Defense Equipment

A launcher system for missile deployment is provided.

Milan - 2T ATGM
Missile Systems

An anti-tank guided missile system is manufactured here.

Konkurs-M ATGM
Missile Systems

An advanced anti-tank missile system is produced now.

INVAR (3 UBK 20) ATGM
Missile Systems

A specialized anti-tank missile system is crafted meticulously.

NAG ATGM
Missile Systems

An indigenous anti-tank guided missile is developed successfully.

Board of directors of Bharat Dynamics Limited (Bharat Dynamics Limited)

Bharat Dynamics Limited is the primary company behind Bharat Dynamics Limited. The board of Bharat Dynamics Limited currently have 8 directors; the longest-serving is Venkata Srinivas Rao Devulapally, appointed in 2024. 62 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Venkata Srinivas Rao Devulapally
DIN 10652125
Whole-time director20 Sep 20242 yrs 1 moBharat Dynamics Limited
Gayatri Prasad Gattupalli
DIN 10877803
Whole-time director19 Dec 20241 yr 10 moBharat Dynamics Limited
Sujay Kapoor
DIN 11520665
Whole-time director06 Mar 20267 moBharat Dynamics Limited
Shailesh Vagerwal
DIN 11362136
Managing Director09 Jul 20263 moBharat Dynamics Limited
Pankaj Joshi
DIN 06385037
Director17 Aug 20262 moBharat Dynamics Limited
Ankush Munjal
DIN 06787408
Director17 Aug 20262 moBharat Dynamics Limited
Vandana Agarwal
DIN 11889628
Director17 Aug 20262 moBharat Dynamics Limited
Prakash Rajpurohit
DIN 06895578
Nominee Director17 Sep 20261 moBharat Dynamics Limited

People of Bharat Dynamics Limited

24 people are tracked at Bharat Dynamics Limited (2 in leadership, 9 in board & advisors, 13 in team); the tracked headcount is 2,270.

NameRoleGroup
Udaya Bhaskar
Chairman & Managing DirectorLeadership
Sreedhar Rao M
General Manager(d&e NP OP & Unit Head-ibu)Leadership
Pawan Sthapak
DirectorBoard & advisors
Nanda Kumar Subburaman
DirectorBoard & advisors
Shri Jashwant Lal
DirectorBoard & advisors
Shri Sunil Chintaman Mone
DirectorBoard & advisors
Bhvs Narayana Murthy
DirectorBoard & advisors
Shri Nuka Srinivasulu
DirectorBoard & advisors
Shri Rajendra Singh Shekhawat
DirectorBoard & advisors
Shri Anurag Bajpai
DirectorBoard & advisors
Commodore A. Madhavarao
DirectorBoard & advisors
Siddharth Mishra
Chairman & MDTeam
Prasad Yada
ConsultantTeam
Padala Naveen Reddy
Assistant ManagerTeam
Animesh Manna
Project EngineerTeam
Govindam Mohan Murari
Sr.manager HR (plant HR Lead)Team
Shivam Srivastava
Assistant ManagerTeam
Arun A Patil
Sr. Manager OperationTeam
Deepshikha Singh
Project OfficerTeam
Cdr Virendra Vikram V.
General ManagementTeam

4 more people are available in the full profile.

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IPO & Listings of Bharat Dynamics Limited

Bharat Dynamics Limited is a publicly listed company on the NSE with ticker symbol BDL in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date23 Mar 2018
  • Listed onNSE: BDL
  • Listed entityBharat Dynamics Ltd.
  • Exchange sectorElectronic technology
  • ISININE171Z01026
  • Share price₹1,129.00 (+0.28% on the day) · 2026-10-14
  • Market capitalisation₹41,238 Cr
  • Price to earnings79.5
  • EPS (diluted, trailing year)₹14.21
  • Dividend yield0.44%
  • Volume (last session)997,289

Financials of Bharat Dynamics Limited

Exchange-reported figures of Bharat Dynamics Limited, the listed company behind Bharat Dynamics Limited (NSE: BDL).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹2,442 Cr
-27.0% YoY
EBITDA
₹225 Cr
-52.5% YoY
Profit After Tax
₹420 Cr
-23.5% YoY
Net Worth
₹4,241 Cr
+5.8% YoY
Total Assets
₹7,921 Cr
+7.2% YoY
Total Debt
₹5.24 Cr
-20.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,4423,3452,3692,4892,8171,9143,105
Revenue growth-27.0%+41.2%-4.8%-11.6%+47.2%-38.4%-
EBITDA225473537409694346756
EBITDA margin+9.2%+14.2%+22.7%+16.4%+24.6%+18.1%+24.4%
Profit before tax568749828482710341742
Net profit420550613352523258535
Net profit margin+17.2%+16.4%+25.9%+14.1%+18.6%+13.5%+17.2%
EPS (₹)11.4714.9933.4319.2227.2814.0629.18
Balance sheet
Total assets7,9217,3897,3406,4723,9883,4463,377
Net worth4,2414,0093,6373,2123,0312,6852,607
Total debt5.246.608.089.2710.1111.2914.51
Cash & bank4,7094,1904,2283,8591,9001,561663
Net working capital6,4166,0246,2395,4002,9472,3832,266
Cash flow
Cash from operations6041674122,1305301,068504
Cash from investing320(407)(722)(1,171)(573)(734)(33.18)
Cash from financing(194)(220)(148)(171)(149)(173)(191)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5724805671,1472481,777832545
Revenue growth (YoY)+130.8%-73.0%-31.9%+110.6%+29.7%---
Other income10311997.1712186.8699.5784.4286.03
Total expenses4894255419602931,478705446
EBITDA83.0855.2425.98188(45.37)29912798.84
EBITDA margin+14.7%+11.3%+4.7%+16.3%-19.6%+16.6%+15.9%+18.5%
Depreciation20.2519.8519.3019.1217.6619.6517.7017.67
Interest0.640.670.671.350.700.710.710.73
Profit before tax16615410328823.13378193166
Tax46.8440.7130.2671.734.7810545.7643.94

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5724805671,1472481,777832545
Revenue growth (YoY)+130.8%-73.0%-31.9%+110.6%+29.7%---
Other income10311997.1712186.8699.5784.4286.03
Total expenses4894255419602931,478705446
EBITDA83.0855.2425.98188(45.37)29912798.84
EBITDA margin+14.7%+11.3%+4.7%+16.3%-19.6%+16.6%+15.9%+18.5%
Depreciation20.2519.8519.3019.1217.6619.6517.7017.67
Interest0.640.670.671.350.700.710.710.73
Profit before tax16615410328823.13378193166
Tax46.8440.7130.2671.734.7810545.7643.94
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,4423,3452,3692,4892,8171,9143,105
Revenue growth-27.0%+41.2%-4.8%-11.6%+47.2%-38.4%-
Other income42435036215511194.6188.05
Total expenses2,2172,8721,8322,0802,1241,5682,349
Employee cost536549600532571501534
EBITDA225473537409694346756
EBITDA margin+9.2%+14.2%+22.7%+16.4%+24.6%+18.1%+24.4%
Depreciation75.9370.7067.0477.2690.3594.5496.44
Interest4.594.163.605.554.754.715.46
Profit before tax568749828482710341742
Tax14719921613021083.11208
Net profit420550613352523258535
Net profit margin+17.2%+16.4%+25.9%+14.1%+18.6%+13.5%+17.2%
EPS (₹)11.4714.9933.4319.2227.2814.0629.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital183183183183183183183
Reserves & surplus4,0583,8263,4543,0282,8472,5012,424
Shareholders' funds (net worth)4,2414,0093,6373,2123,0312,6852,607
Secured loans4.924.484.344.063.583.585.74
Unsecured loans0.322.123.745.216.537.718.77
Total debt5.246.608.089.2710.1111.2914.51
Total liabilities7,9217,3897,3406,4723,9883,4463,377
Assets
Gross block1,6971,6011,4971,4161,4511,3691,291
Net block878857824809874915932
Capital work in progress29923072.8774.3540.7321.5042.06
Investments3.913.910.000.000.004.523.90
Inventories4,6902,7132,0681,9061,7261,465921
Sundry debtors423826310185304323338
Cash & bank balances4,7094,1904,2283,8591,9001,561663
Loans & advances2,9992,7162,7181,7341,6651,6182,716
Total current assets12,82210,4469,3257,6835,5954,9674,639
Total current liabilities6,4054,4223,0862,2842,6482,5842,372
Net working capital6,4166,0246,2395,4002,9472,3832,266
Total assets7,9217,3897,3406,4723,9883,4463,377
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1345941,05326545729515.16
Net cash from operating activities6041674122,1305301,068504
Net cash from investing activities320(407)(722)(1,171)(573)(734)(33.18)
Net cash from financing activities(194)(220)(148)(171)(149)(173)(191)
Net change in cash729(460)(459)788(192)162280
Closing cash4,7094,1904,2283,8591,9001,561663
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-27.0%+41.2%-4.8%-11.6%+47.2%-38.4%-
EBITDA growth-52.5%-11.9%+31.2%-41.0%+100.8%-54.3%-
PBT growth-24.2%-9.6%+71.9%-32.1%+108.3%-54.1%+10.6%
Net income growth-23.5%-10.3%+74.0%-32.7%+103.1%-51.8%-
Revenue CAGR (3Y)-0.6%+5.9%+7.4%-7.1%-2.8%-25.3%-14.0%
EBITDA CAGR (3Y)-18.1%-12.0%+15.8%-18.5%+3.7%-19.8%+9.9%
Profitability & leverage
Net income margin+17.2%+16.4%+25.9%+14.2%+17.7%+13.5%+17.2%
Return on capital employed-+10.2%+12.0%+9.3%+19.2%+10.1%+25.2%
Return on net worth-+14.4%+17.9%+11.3%+17.5%+9.7%+21.9%
Debt / equity-0.000.000.000.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover3.091.030.771.670.791.880.83
Efficiency & per share
Fixed asset turnover-2.161.631.742.001.442.47
Inventory turnover-1.401.191.371.771.602.35
Debtors turnover-5.889.5710.198.995.797.18
EPS (₹)11.4714.9933.4319.2227.2814.0629.18
Dividend per share (₹)4.904.6510.559.358.307.358.80
Book value per share (₹)115.70109.37198.43175.22165.35146.48142.23

Web traffic of Bharat Dynamics Limited

The website of Bharat Dynamics Limited (bdl-india.in) receives about 421.1K visits a month and ranks #116,190 among all websites worldwide, #881 in Energy Industry.

  • Monthly visits
    421.1K

    ▼ 5.5% vs previous month

  • Unique visitors
    189.3K

    per month

  • Global rank
    #116,190

    among all websites

  • Category rank
    #881

    Heavy Industry and Engineering · Energy Industry

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Top companies in Defense & Military Services

2 companies that operate in the same segment as Bharat Dynamics Limited (Defense & Military Services) in India, ranked by their profile score on The Company Check.

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ideaForge
Developer of unmanned aerial vehicles
2007Navi Mumbai, Maharashtra, IndiaUSD 53.82 MUSD 24.09 M595
Garuda Aerospace
Manufacturer of drones and provider of drone-based solutions across various sectors
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Frequently Asked Questions about Bharat Dynamics Limited

Bharat Dynamics Limited was founded in 1970.

Bharat Dynamics Limited is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

Bharat Dynamics Limited has 2,270 employees.

The primary company behind Bharat Dynamics Limited, Bharat Dynamics Limited, reported revenue of ₹2,866 Cr for FY 2026, down 27% year on year.

Bharat Dynamics Limited, headquartered in Hyderabad, India, is involved in the production of guided missile systems and allied equipment for the Indian Armed Forces. The company operates under the Ministry of Defence, Government of India, and collaborates with DRDO and foreign OEMs. Its activities span across the defense sector, focusing on missile technology and defense solutions. Various anti-tank guided missiles and launchers are manufactured to support national security needs.

Bharat Dynamics Limited offers Unified Launcher, Milan - 2T ATGM, Konkurs-M ATGM, INVAR (3 UBK 20) ATGM, and NAG ATGM.

Yes, Bharat Dynamics Limited is publicly traded on NSE under the ticker symbol BDL.

Bharat Dynamics Limited operates through Bharat Dynamics Limited.

The legal entities of Bharat Dynamics Limited currently have 9 directors, including Nagula Nagaraja, Sujay Kapoor, Venkata Srinivas Rao Devulapally and others.

The website of Bharat Dynamics Limited receives about 421 thousand visits a month and ranks #116,190 among all websites worldwide.

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