Bharat Dynamics Limited - aerospace, maritime and defense in Hyderabad, Telangana, India. FY 2026 financials & compliance.
CIN L24292TG1970GOI001353 Incorporated 16 July 1970 ROC Hyderabad HQ Hyderabad, Telangana, India
Active Listed - NSE: BDL · BSE: 541143 Public Limited Union Government Company aerospace, maritime and defense Nifty 500
Data last updated
Market Cap
₹39,222 Cr
BDL · NSE
Share Price
₹1,052.50
-1.64% 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)
76.6x
P/B 9.4x
Authorised capital
₹200 Cr
Registered with MCA
Paid-up capital
₹183.28 Cr
Issued & subscribed

About Bharat Dynamics Limited

Data last updated:

Bharat Dynamics Limited is a public limited union government company based in Hyderabad, Telangana, India. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 16 July 1970 and has been in existence for over 56 years.

Bharat Dynamics is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L24292TG1970GOI001353. Its GSTIN is 36AAACB7880N1Z5 (Telangana). The company holds 3 GST registrations, all of them active. Its shares are listed on BSE: 541143 and NSE: BDL.

The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹183.28 Cr. It was formerly known as Bharat Dynamics Private Limited. It is led by directors including Shailesh Vagerwal (Managing Director) and Sujay Kapoor (Whole-Time Director).

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kanchanbagh Hyderabad, Telangana, India – 500058.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2,441.79 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹420.36 Cr (net margin 17.2%) and EBITDA of ₹224.58 Cr (EBITDA margin 9.2%). The net worth stands at ₹4,240.97 Cr (up 5.8% YoY). Total assets are valued at ₹7,920.91 Cr (up 7.2% YoY).

The company has about 2,487 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: BDL India and Bharat Dynamics Limited. As per MCA filings, the company has open charges of ₹615 Cr and satisfied charges of ₹10 Lakh on record. Court records list 239 cases involving the company, including 64 filed by the company and 175 filed against it; 42 cases are pending. The company has 7 deals on record (4 market trades, 2 secondary share transfers, 1 ipo); the latest was in October 2022. The company has 5 MSME Form 1 returns on record between 2019 and 2020, listing 17 overdue payments to 13 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bdl-india.com.

Company details

CIN L24292TG1970GOI001353
Registration Number 001353
Incorporation Date 16 July 1970
ROC Hyderabad
Listing Status Listed (BSE: 541143, NSE: BDL)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

CIN history

Bharat Dynamics has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24292TG1970GOI001353, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24292TG1970GOI001353Current
U24292TG1970GOI001353Previous
U24292AP1970GOI001353Previous
U99999AP1970GOI001353Previous

Recognitions & Rankings of Bharat Dynamics

Stock market indices
Nifty 500 BSE 500

Contact details

Bharat Dynamics Limited's registered office is in Na, Telangana. Its website is bdl-india.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Kanchanbagh Hyderabad, Telangana, India – 500058
  • Industry
    Aerospace, Maritime and Defense, Defence Tech & Equipment

To see the full contact details of Bharat Dynamics Limited, buy the company report.

Comprehensive company report
Bharat Dynamics Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Bharat Dynamics operates two associated brands: BDL India and Bharat Dynamics Limited. Each brand links to its own profile.

BrandDescriptionWebsite
Missiles and defense equipment are designed and manufactured.bdl-india.com
Guided missiles and defense equipment are developed and manufactured.bdl-india.in

Business activity

The main business activity of Bharat Dynamics is public services by government agencies. In detail, this covers administration of activities relating to foreign affairs, defence, public order, compulsory social security, etc..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
OPublic Services by Government agenciesO3Administration of activities relating to Foreign affairs, Defence, public order, compulsory social security, etc.

To see the full business activity and turnover split of Bharat Dynamics Limited, buy the company report.

Financials of Bharat Dynamics Limited

FY 2025-26 filings available

Bharat Dynamics Limited reported revenue of ₹2,441.79 Cr (down 27% YoY) for FY 2025-26.

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 22 Oct 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

To see the full year-wise statements and ratios of Bharat Dynamics Limited, buy the company report.

Board of directors of Bharat Dynamics Limited

Bharat Dynamics has 8 current directors and 60 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sujay KapoorWhole-Time Director06 Mar 20260 Years 7 MonthsCurrent
Venkata Srinivas Rao DevulapallyWhole-Time Director20 Sep 20242 Years 1 MonthsCurrent
Gayatri Prasad GattupalliWhole-Time Director19 Dec 20241 Years 10 MonthsCurrent
Prakash RajpurohitNominee Director17 Sep 20260 Years 1 MonthsCurrent
Shailesh VagerwalManaging Director09 Jul 20260 Years 3 MonthsCurrent
Pankaj JoshiDirector17 Aug 20260 Years 2 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Bharat Dynamics Limited is audited by G Natesan & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
G Natesan & CoFY 2023002424S

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 74.90%, foreign institutional investors hold 1.70%, domestic institutional investors hold 11.50% and retail and other public shareholders hold 11.90%.

Promoters: 74.90%DII (Domestic Institutional): 11.50%FII (Foreign Institutional): 1.70%Retail & Others: 11.90%
Sep 2026
QUARTER
74.90% Promoters
11.50% DII (Domestic Institutional)
1.70% FII (Foreign Institutional)
11.90% Retail & Others
Promoter holding - history
Now 74.90% · Sep 2026High 74.90% · Dec 2025Low 74.90% · Dec 2025
73%73.8%74.5%75.3%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 74.90%Mar 2026: 74.90%Jun 2026: 74.90%Sep 2026: 74.90%74.90%74.90%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters74.90%74.90%74.90%74.90%
Public25.10%25.10%25.10%25.10%

Charges & borrowings

Open charges
₹615 Cr
Satisfied charges
₹10 Lakh
Breakdown by lending institutions
Others₹415.00 Cr
State Bank of India₹200.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Nov 201010254327State Bank of India₹200 CrOpen
31 Mar 200910154227Others₹415 CrOpen
07 Jul 197790337508State Bank of India₹10 LakhSatisfied

To see the full charge records of Bharat Dynamics Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Bharat Dynamics Limited has 7 deals on record (4 market trades, 2 secondary share transfers, 1 ipo); the latest was in October 2022.

Total deals
7
Market trades
4
Secondary share transfers
2
IPO
1

Deals on record (5 of 7)

WhenDealAmountParties
Oct 2022Market trade₹21.09 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Sep 2022Market trade₹24.03 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Sep 2022Market trade₹91.44 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Oct 2021Secondary share transferUndisclosedSeller: Life Insurance Corporation of India
Jul 2020Market trade₹40.79 CrBuyer: Centillion Research India LLP
Seller: Centillion Research India LLP

To see the full deal history of Bharat Dynamics Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Bharat Dynamics Limited was last rated by Crisil on 23 Oct 2019.

Rating agencyRated onRating
Crisil23 Oct 2019

To see the full credit ratings and regulatory alerts of Bharat Dynamics Limited, buy the company report.

MSME payment delays

Bharat Dynamics Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 17 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 13)

SupplierAmount dueDue sinceReported on
an individual supplier
Ankris Technologies Private Limited
an individual supplier
Vijai Ganges and Equipments Pvt Ltd
LPS Bossard Private Limited

To see the full MSME payment records of Bharat Dynamics Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Bharat Dynamics Limited has a workforce of 2,487 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
2,487
Active EPFO establishments
1
Employee growth
-5.76%

GST

Bharat Dynamics has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
36AAACB7880N1Z5TelanganaActive01 Jul 2017
36AAACB7880N2Z4TelanganaActive11 Mar 2019
37AAACB7880N1Z3Andhra PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Bharat Dynamics Limited, buy the company report.

Recent activity

Bharat Dynamics Limited has 121 board changes on record since 2004: 66 appointments and 55 cessations. The latest: Prakash Rajpurohit was appointed as Nominee Director on 17 Sep 2026.

Appointed
Prakash Rajpurohit was appointed as Nominee Director.
Appointed
Ankush Munjal was appointed as Director.
Appointed
Pankaj Joshi was appointed as Director.
Appointed
Vandana Agarwal was appointed as Director.
Appointed
Shailesh Vagerwal was appointed as Managing Director.
Appointed
Sujay Kapoor was appointed as Whole-Time Director.
Ceased
Raja Ram Venkata Ramana Prabhala ceased to be Whole-Time Director.
AGM
Bharat Dynamics Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Ceased
Amit Satija ceased to be Nominee Director.
Appointed
Chetan Bansilal Kankariya was appointed as Director.
Filing
Bharat Dynamics Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Ceased
Rajendra Singh Shekhawat ceased to be Director.

118 earlier events are in the company report.

Frequently asked questions

Bharat Dynamics is an active public limited union government company based in Hyderabad, Telangana, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 16 July 1970 (56+ years old) and is registered under CIN L24292TG1970GOI001353. Listed on BSE: 541143 and NSE: BDL.

Bharat Dynamics reported revenue of ₹2,441.79 Cr for FY 2025-26 (down 27% YoY) based on standalone financials.

Bharat Dynamics has 8 current directors:

The latest financial statements of Bharat Dynamics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Bharat Dynamics is 36AAACB7880N1Z5, registered in Telangana. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 36AAACB7880N2Z4 (Telangana), 37AAACB7880N1Z3 (Andhra Pradesh).

The CIN (Corporate Identification Number) of Bharat Dynamics is L24292TG1970GOI001353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Bharat Dynamics is listed on both BSE (code: 541143) and NSE (symbol: BDL).

Bharat Dynamics has 239 court cases on record: 64 filed by the company and 175 filed against it. 42 are pending. Most are in the high courts.

Bharat Dynamics was incorporated on 16 July 1970, making it 56+ years old. It is registered with the Registrar of Companies, Hyderabad.

Bharat Dynamics has 7 deals on record (4 market trades, 2 secondary share transfers, 1 ipo); the latest was in October 2022.

Prakash Rajpurohit was appointed as Nominee Director on 17 Sep 2026. Ankush Munjal was appointed as Director on 17 Aug 2026. Pankaj Joshi was appointed as Director on 17 Aug 2026. Bharat Dynamics has 121 board changes on record in total.