Bharat Dynamics Limited

NSE:BDL India Aerospace & Defense
Market Cap
$5.49 Billion
₹475.36 Billion INR
Market Cap Rank
#6132 Global
#209 in India
Share Price
₹1296.80
Change (1 day)
-1.16%
52-Week Range
₹1198.00 - ₹2015.50
All Time High
₹2015.50
Categories
Companies in India Aerospace & Defense
About

Bharat Dynamics Limited manufactures and sells guided missiles, underwater weapons, air-borne products, and allied defense equipment in India. It offers light and heavy-weight torpedoes, unified launcher, fagot launcher adapted to Milan equipment, Konkurs launcher test equipment, Akash and Astra weapon systems, Konkurs missile test equipment, medium-range surface-to-air missile, quick reaction su… Read more

Bharat Dynamics Limited (BDL) - Net Assets

Latest net assets as of September 2025: ₹42.17 Billion INR

Based on the latest financial reports, Bharat Dynamics Limited (BDL) has net assets worth ₹42.17 Billion INR as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹130.68 Billion) and total liabilities (₹88.51 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets ₹42.17 Billion
% of Total Assets 32.27%
Annual Growth Rate 11.8%
5-Year Change 49.32%
10-Year Change 116.56%
Growth Volatility 9.81

Bharat Dynamics Limited - Net Assets Trend (2013–2025)

This chart illustrates how Bharat Dynamics Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Bharat Dynamics Limited (2013–2025)

The table below shows the annual net assets of Bharat Dynamics Limited from 2013 to 2025.

Year Net Assets Change
2025-03-31 ₹40.09 Billion +10.23%
2024-03-31 ₹36.37 Billion +13.24%
2023-03-31 ₹32.11 Billion +5.97%
2022-03-31 ₹30.31 Billion +12.88%
2021-03-31 ₹26.85 Billion +2.99%
2020-03-31 ₹26.07 Billion +14.91%
2019-03-31 ₹22.69 Billion +15.96%
2018-03-31 ₹19.56 Billion -11.57%
2017-03-31 ₹22.12 Billion +19.51%
2016-03-31 ₹18.51 Billion +12.01%
2015-03-31 ₹16.53 Billion +29.52%
2014-03-31 ₹12.76 Billion +21.38%
2013-03-31 ₹10.51 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Bharat Dynamics Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 43.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component Amount Percentage
Retained Earnings ₹561.75 Million 1.40%
Common Stock ₹1.83 Billion 4.57%
Other Comprehensive Income ₹37.69 Billion 94.03%
Total Equity ₹40.09 Billion 100.00%

Bharat Dynamics Limited Competitors by Market Cap

The table below lists competitors of Bharat Dynamics Limited ranked by their market capitalization.

Company Market Cap
Shaanxi International Trust Co Ltd
SHE:000563
 		$1.38 Billion
Qingdao Gaoce Technology Co Ltd
SHG:688556
 		$1.38 Billion
FADU Inc.
KQ:440110
 		$1.38 Billion
CMB.TECH NV
NYSE:CMBT
 		$1.38 Billion
Westports Holdings Berhad
PINK:WSTTF
 		$1.38 Billion
L&K Engineering Suzhou Co Ltd
SHG:603929
 		$1.37 Billion
Sonos Inc
NASDAQ:SONO
 		$1.37 Billion
Lakeland Financial Corporation
NASDAQ:LKFN
 		$1.37 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bharat Dynamics Limited's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 36,368,233,000 to 40,089,508,000, a change of 3,721,275,000 (10.2%).
  • Net income of 5,496,452,000 contributed positively to equity growth.
  • Dividend payments of 2,167,042,000 reduced retained earnings.
  • Other comprehensive income increased equity by 4,002,651,000.
  • Other factors decreased equity by 3,610,786,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ₹5.50 Billion +13.71%
Dividends Paid ₹2.17 Billion -5.41%
Other Comprehensive Income ₹4.00 Billion +9.98%
Other Changes ₹-3.61 Billion -9.01%
Total Change ₹- 10.23%

Book Value vs Market Value Analysis

This analysis compares Bharat Dynamics Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 11.86x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 70.94x to 11.86x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2013-03-31 ₹18.28 ₹1296.80 x
2014-03-31 ₹22.19 ₹1296.80 x
2015-03-31 ₹28.74 ₹1296.80 x
2016-03-31 ₹33.20 ₹1296.80 x
2017-03-31 ₹51.73 ₹1296.80 x
2018-03-31 ₹49.36 ₹1296.80 x
2019-03-31 ₹61.89 ₹1296.80 x
2020-03-31 ₹71.12 ₹1296.80 x
2021-03-31 ₹73.24 ₹1296.80 x
2022-03-31 ₹82.67 ₹1296.80 x
2023-03-31 ₹87.61 ₹1296.80 x
2024-03-31 ₹99.21 ₹1296.80 x
2025-03-31 ₹109.37 ₹1296.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bharat Dynamics Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 13.71%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 16.43%
  • • Asset Turnover: 0.28x
  • • Equity Multiplier: 2.93x
  • Recent ROE (13.71%) is below the historical average (20.59%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2013 27.44% 26.90% 0.15x 6.90x ₹1.83 Billion
2014 27.08% 19.48% 0.22x 6.46x ₹2.18 Billion
2015 25.33% 15.05% 0.33x 5.09x ₹2.53 Billion
2016 30.36% 13.78% 0.42x 5.21x ₹3.77 Billion
2017 23.69% 11.55% 0.53x 3.89x ₹3.03 Billion
2018 27.00% 11.54% 0.69x 3.37x ₹3.33 Billion
2019 18.63% 13.77% 0.56x 2.41x ₹1.96 Billion
2020 20.52% 17.23% 0.55x 2.18x ₹2.74 Billion
2021 9.60% 13.47% 0.32x 2.22x ₹-107.10 Million
2022 16.50% 17.74% 0.43x 2.17x ₹1.97 Billion
2023 10.97% 14.15% 0.29x 2.70x ₹310.25 Million
2024 16.85% 25.86% 0.23x 2.84x ₹2.49 Billion
2025 13.71% 16.43% 0.28x 2.93x ₹1.49 Billion

Industry Comparison

This section compares Bharat Dynamics Limited's net assets metrics with peer companies in the Aerospace & Defense industry.

Industry Context

  • Industry: Aerospace & Defense
  • Average net assets among peers: $32,303,069,991
  • Average return on equity (ROE) among peers: 21.01%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Bharat Dynamics Limited (BDL) ₹42.17 Billion 27.44% 2.10x $1.38 Billion
Apollo Micro Systems Limited (APOLLO) $460.20 Million 21.73% 3.41x $387.02 Million
Bharat Electronics Limited (BEL_old) $13.01 Billion 25.38% 2.23x $15.34 Billion
Cochin Shipyard Limited (COCHINSHIP) $37.23 Billion 16.98% 0.72x $1.32 Billion
Data Patterns (India) Limited (DATAPATTNS) $1.53 Billion 13.71% 0.92x $889.67 Million
DCX Systems Limited (DCXINDIA) $171.70 Million 56.75% 39.70x $98.42 Million
Garden Reach Shipbuilders & Engineers Limited (GRSE) $9.55 Billion 12.21% 5.74x $760.61 Million
Hindustan Aeronautics Limited (HAL) $193.17 Billion 26.30% 2.02x $8.44 Billion
Mazagon Dock Shipbuilders Limited (MAZDOCK) $34.32 Billion 14.97% 6.30x $2.07 Billion
Megasoft Limited (MEGASOFT) $1.28 Billion 1.02% 1.20x $44.57 Million