Bharat Dynamics Ltd.
NSE: BDLBharat Dynamics Ltd.: A 30-second snapshot
Bharat Dynamics trades at Rs 1,261.90, 23.43% below its 52-week high and below both its 50-DMA (Rs 1,287.48) and 200-DMA (Rs 1,369.94), with RSI at 44.53 (neutral). Trailing PE stands at 111.28x against a forward PE of 40.58x - the highest trailing multiple among a six-member Infrastructure peer set - while 5-year revenue and earnings growth of -73% and -58.4% respectively sit alongside a quality score of 20/100, the lowest of the six peers ranked. Recent news flow of 8 articles is evenly split (2 positive, 4 neutral, 2 negative), covering a new CMD appointment, an indigenous torpedo launch and a brokerage note favoring peers over BDL.
P/E
111.3
Forward P/E
40.6
ROE
+10.2%
Debt / Equity
0.01
Profit Margin
+17.2%
Div. Yield
+0.4%
5Y ROE > 15%
1/5
5Y FCF > 0
3/5
Quality
38/100
News
8 headlines · 2 positive · 2 negative
BDL launches India's first indigenously developed torpedo - newsarenaindia.com
newsarenaindia.com
Explained - Why Bharat Dynamics shares fell up to 4% on Monday - CNBC TV18
CNBC TV18
Shailesh Vagerwal Takes Charge as CMD of Bharat Dynamics Limited - Elets eGov
Elets eGov
Donakonda Inches Closer to Defence Manufacturing Map - Deccan Chronicle
Deccan Chronicle
Defence Stocks To Buy: Nuvama Bets On Solar Industries, BEL Over HAL And BDL — Here's Why - NDTV Profit
NDTV Profit
Recent context
- ·Jul 22: BDL announced the launch of India's first indigenously developed torpedo.
- ·Jul 13: Shares fell as much as 4% in a single session, per CNBC-TV18.
- ·Jul 9: Shailesh Vagerwal took charge as CMD of Bharat Dynamics; separately, a Nuvama defence-sector note named Bharat Electronics and Solar Industries ahead of BDL and HAL.
Strengths
- +Debt-to-equity of just 0.007 with a falling debt trend indicates minimal balance-sheet leverage.
- +Profit margin of 17.21% has been maintained despite the multi-year revenue contraction.
- +Forward PE of 40.58x is 64% below the trailing PE of 111.28x, implying analyst estimates for the coming year are materially higher than trailing earnings.
- +Recent news includes product and facility milestones: an indigenously developed torpedo launch (Jul 22) and progress on the Donakonda defence-manufacturing site (Jul 3), alongside a new CMD taking charge (Jul 9).
Weaknesses
- −5-year revenue growth of -73% and 5-year earnings growth of -58.4%, with ROE above 15% in only 1 of the measured years and FCF positive in only 3 years.
- −Quality score of 20/100 ranks last (6 of 6) among Infrastructure peers, while trailing PE of 111.28x is simultaneously the highest in the peer group (range 32.57x-109.87x).
- −Price sits below both the 50-DMA and 200-DMA, down 21.95% over 12 months and 23.43% below the 52-week high.
- −News coverage is mixed, including a Nuvama report favoring peers Bharat Electronics and Solar Industries over BDL; mean analyst rating is 2.67 across 12 analysts (1-5 scale, lower = more constructive).
Open questions
- ?Does the 5-year revenue and earnings contraction reflect an industry-wide defence-order cycle or company-specific execution factors?
- ?What would need to change in order intake or margins to close the gap between the 111.28x trailing PE and the 40.58x forward PE?
- ?How does the falling debt-to-equity trend interact with the company's ability to fund capacity expansion at facilities such as Donakonda?
- ?What underlies the quality-score gap between BDL (20) and higher-ranked peers such as CUMMINSIND (65) and BEL (50) - profitability, growth persistence, or balance-sheet composition?
Peer comparison: Infrastructure
Ranks 6 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| BDL | Bharat Dynamics Ltd.You're viewing | 111.3 | +10.2% | 20 |
| Industry avg | across 5 peers | 71.2 | +29.5% | 47 |
| CUMMINSIND | Cummins India Ltd. | 65.1 | +29.5% | 65 |
| BEL | Bharat Electronics Ltd. | 46.5 | — | 50 |
| ABB | ABB India Ltd. | 102.1 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 109.9 | — | 38 |
| LT | Larsen & Toubro Ltd. | 32.6 | — | 37 |
Technical state
Current price
₹1,261.90
SMA 50
₹1,287.48
SMA 200
₹1,369.94
RSI (14)
44.5 (neutral)
From 52w high
-23.4%
1Y return
-21.9%
3M return
-10.0%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- high5-year revenue growth of -73% and 5-year earnings growth of -58.4% reflect a sustained multi-year contraction in both top-line and bottom-line; ROE exceeded 15% in only 1 of the measured years and FCF was positive in only 3 years, pointing to weak and inconsistent capital efficiency over the historical window.
- mediumQuality score of 20/100 ranks BDL last (6th of 6) among Infrastructure sector peers, behind CUMMINSIND (65), BEL (50), ABB (47), CGPOWER (38) and L&T (37); trailing PE of 111.28x is simultaneously the highest in the peer set (peer range 32.57x-109.87x), pairing bottom-tier quality with the group's top valuation multiple.
- mediumStock trades below both its 50-DMA (Rs 1,287.48) and 200-DMA (Rs 1,369.94) at a current price of Rs 1,261.90, is down 21.95% over 12 months and 9.96% over 3 months, and sits 23.43% below its 52-week high.
- lowCoverage is mixed: overall sentiment is neutral (2 positive, 4 neutral, 2 negative of 8 articles) and includes a named brokerage note from Nuvama favoring peers Bharat Electronics and Solar Industries over BDL; mean analyst rating stands at 2.67 across 12 analysts (1-5 scale, lower = more constructive).
Cross-section contradictions
- Trailing PE of 111.28x - the highest among the six Infrastructure peers listed (peer range 32.57x-109.87x) - sits alongside a 5-year revenue decline of -73% and 5-year earnings decline of -58.4%; forward PE of 40.58x, 64% below the trailing multiple, implies an earnings recovery that is not evident in the historical growth record.
- Two of the most recent headlines describe positive operational developments (indigenous torpedo launch on Jul 22, progress at the Donakonda facility on Jul 3), yet the stock is down 9.96% over 3 months and trades below both the 50-DMA and 200-DMA.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 12 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 31 Jul 2026 · rotates through NIFTY 500 every ~5 days