NSE: BDL | BSE: 541143

Expensive Underperformer

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1407.30 -6.10 (-0.43%)

32.88% Fall from 52W High

876.2K NSE+BSE Volume

NSE 12 Dec, 2025 3:29 PM (IST)

51,586.3

Market Cap

High in industry

Beta 1Year

Very High Volatility

Bharat Dynamics Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BDL, BSE:541143 Bharat Dynamics Ltd.

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Bharat Dynamics Ltd.

15 Nov 2025

1407.30

-0.43%

Strong performance; guides for revenue CAGR of over 30% backed by order book

Hold: Bharat Dynamics Ltd.

Recommendation Target

ICICI Securities Limited

BDL’s Q2FY26 performance beat consensus expectation as EBITDA grew 90% YoY driven by strong sales (+114% YoY). EBITDA margin fell 180bps YoY to 16.3%, implying an adverse product mix (gross margin was lower) and potentially higher R&D expenses (other expenses were higher).

Number of FII/FPI investors decreased from 216 to 184 in Sep 2025 qtr

Bharat Dynamics Ltd.

13 Nov 2025

1407.30

-0.43%

Execution ramping up

Buy: Bharat Dynamics Ltd.

Recommendation Target

Motilal Oswal

Bharat Dynamics (BDL) delivered a strong performance in 2QFY26 as supply chain issues started easing out, resulting in a sharp execution ramp-up. However, margins were affected by project mix during the quarter.

Bharat Dynamics Ltd. is trading below all available SMAs

Bharat Dynamics Ltd.

10 Jul 2025

1407.30

-0.43%

Lock, Load, Succeed!

Neutral: Bharat Dynamics Ltd.

Motilal Oswal

Bharat Dynamics (BDL) is a prominent player in missile technology within the defense sector and has established itself as a leading integrator for various missile platforms.

Bharat Dynamics has lost -25.71% in the last 6 Months

Bharat Dynamics Ltd.

10 Jun 2025

1407.30

-0.43%

Company Note

Not Rated: Bharat Dynamics Ltd.

Minerva Capital Research Solutions

Healthy order book of INR 22,700 Cr. (Apr’25) translating into 6.8x order book / FY25 sales (highest amongst peers), strategic importance to GoI (prime production agency for guided weapons systems) and expected improvement in operating margins.

Bharat Dynamics Ltd. has an average target of 1795.00 from 3 brokers.

Bharat Dynamics Ltd.

08 Feb 2025

1407.30

-0.43%

Conspicuous execution uptick

Buy: Bharat Dynamics Ltd.

ICICI Securities Limited

Bharat Dynamics (BDL) reported a healthy Q3FY25 performance. EBITDA (adj. for provisions created) sored 120% YoY to INR 2.6bn while revenue surged 34% YoY to INR 7.9bn.

Bharat Dynamics Ltd. has an average target of 1795.00 from 3 brokers.

Bharat Dynamics Ltd.

15 Feb 2024

1407.30

-0.43%

Bharat Dynamics

Buy: Bharat Dynamics Ltd.

Target

ICICI Direct

Bharat Dynamics Ltd. is trading below all available SMAs

Bharat Dynamics Ltd.

04 Nov 2023

1407.30

-0.43%

Steady execution; see no risk to our FY24E revenue guidance of INR 32bn

Buy: Bharat Dynamics Ltd.

ICICI Securities Limited

Bharat Dynamics’ (BDL) Q2FY24 performance was resilient led by pick-up in execution. Key points: 1) In our view, profitability was aided by execution of ATGMs – most of which have high indigenous content; 2) revenue growth was partially aided by making up of some shortfall in FY23; and 3) other income was aided by customer advances received post ordering of Akash 3rd and 4th regiment.

Number of FII/FPI investors decreased from 216 to 184 in Sep 2025 qtr

Bharat Dynamics Ltd.

08 Aug 2023

1407.30

-0.43%

Slow start, but prospects remain bright

Buy: Bharat Dynamics Ltd.

ICICI Securities Limited

Bharat Dynamics (BDL) reported loss at the EBITDA level in Q1FY24. Key points: 1) revenue was down 57% YoY as the quarter did not have certain deadline-specific orders it had last year ; 2) fixed costs remained broadly stable; 3) other income surged on the back of advances (mainly for Akash 3rd and 4th regiments); and 4) orderbook as of 30th Jun’23 was at INR 202.2bn, implying orderbook/revenue (ttm) of 9.7x.

Bharat Dynamics Ltd. has an average target of 1795.00 from 3 brokers.

Bharat Dynamics Ltd.

05 Jul 2023

1407.30

-0.43%