NSE: BDL | BSE: 541143

Expensive Performer

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1275.00 -31.00 (-2.37%)

1.2M NSE+BSE Volume

NSE 31 Aug, 2026 3:31 PM (IST)

46,736.7

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.

14 Aug 2026

1275.00

-2.37%

Scale up to commence from delayed orders

Neutral: Bharat Dynamics Ltd.

Target

Motilal Oswal

Bharat Dynamics (BDL)’s results were ahead of our estimates as the revenue scale-up has commenced with the Akash missile project. We expect further scale-up from both, the Akash and Astra Mk1 projects, to be visible from 2QFY27 onwards.

Motilal Oswal increased Neutral price target of Bharat Dynamics Ltd. to 1270.0 on 14 Aug, 2026.

Bharat Dynamics Ltd.

28 May 2026

1275.00

-2.37%

Weakness persists through FY26

Neutral: Bharat Dynamics Ltd.

Recommendation Target

Motilal Oswal

Bharat Dynamics’ (BDL) results were weaker than our estimates, with execution impacted by delays in the supply of radars, seekers, and other components for Akash and Astra Mk1 missiles from external vendors.

Number of FII/FPI investors decreased from 159 to 146 in Jun 2026 qtr

Bharat Dynamics Ltd.

31 Jan 2026, 12:00AM

1275.00

-2.37%

Weak performance

buy: Bharat Dynamics Ltd.

Target

Motilal Oswal

Bharat Dynamics (BDL)’s 3QFY26 performance was weaker than our expectations. Execution was impacted due to delays in component integration from other vendors, while margin was hit by lower revenue and a higher share of bought-out components for Akash and Astra Mk-1.

Number of FII/FPI investors decreased from 159 to 146 in Jun 2026 qtr

Bharat Dynamics Ltd.

15 Nov 2025

1275.00

-2.37%

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 159 to 146 in Jun 2026 qtr

Bharat Dynamics Ltd.

13 Nov 2025

1275.00

-2.37%

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

1275.00

-2.37%

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.

Motilal Oswal increased Neutral price target of Bharat Dynamics Ltd. to 1270.0 on 14 Aug, 2026.

Bharat Dynamics Ltd.

10 Jun 2025

1275.00

-2.37%

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 1430.00 from 2 brokers.

Bharat Dynamics Ltd.

08 Feb 2025

1275.00

-2.37%

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 1430.00 from 2 brokers.

Bharat Dynamics Ltd.

15 Feb 2024

1275.00

-2.37%

Bharat Dynamics

Buy: Bharat Dynamics Ltd.

Target

ICICI Direct

Bharat Dynamics Ltd. is trading below all available SMAs

Bharat Dynamics Ltd.

04 Nov 2023

1275.00

-2.37%

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 159 to 146 in Jun 2026 qtr

Is Bharat Dynamics Ltd. worth buying?

671 Votes:

Buy 78.09%

Sell 8.05%

Hold 13.86%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Neutral SEE REPORTS >

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