Bharat Dynamics Limited Net Assets

Latest as of March 2026: Rs42.41 Billion INR ≈ $458.64 Million USD

Bharat Dynamics Limited net assets. Based on the latest financial reports, Bharat Dynamics Limited (BDL) has net assets worth Rs42.41 Billion INR (≈ $458.64 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs142.61 Billion ≈ $1.54 Billion USD) and total liabilities (Rs100.21 Billion ≈ $1.08 Billion USD). 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. Also explore net asset momentum of Bharat Dynamics Limited to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs42.41 Billion
% of Total Assets	29.74%
Annual Growth Rate	11.33%
5-Year Change	39.94%
10-Year Change	91.69%
Growth Volatility	9.58

Net Assets of Bharat Dynamics Limited (2013–2026)

Net assets of Bharat Dynamics Limited from 2013 to 2026. This chart illustrates how Bharat Dynamics Limited's net assets have evolved over time, based on quarterly financial data. See Bharat Dynamics Limited balance sheet independence to measure how much of total assets are equity-financed.

Annual Net Assets for Bharat Dynamics Limited (2013–2026)

The table below shows the annual net assets of Bharat Dynamics Limited from 2013 to 2026. For live market cap and overall valuation, see Bharat Dynamics Limited market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs42.41 Billion ≈ $458.64 Million	+5.79%
2025-03-31	Rs40.09 Billion ≈ $433.55 Million	+10.23%
2024-03-31	Rs36.37 Billion ≈ $393.31 Million	+13.24%
2023-03-31	Rs32.11 Billion ≈ $347.31 Million	+5.97%
2022-03-31	Rs30.31 Billion ≈ $327.74 Million	+12.88%
2021-03-31	Rs26.85 Billion ≈ $290.35 Million	+2.99%
2020-03-31	Rs26.07 Billion ≈ $281.92 Million	+14.91%
2019-03-31	Rs22.69 Billion ≈ $245.33 Million	+15.96%
2018-03-31	Rs19.56 Billion ≈ $211.58 Million	-11.57%
2017-03-31	Rs22.12 Billion ≈ $239.27 Million	+19.51%
2016-03-31	Rs18.51 Billion ≈ $200.20 Million	+12.01%
2015-03-31	Rs16.53 Billion ≈ $178.73 Million	+29.52%
2014-03-31	Rs12.76 Billion ≈ $137.99 Million	+21.38%
2013-03-31	Rs10.51 Billion ≈ $113.68 Million	--

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 61.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Bharat Dynamics Limited Net Assets Breakdown (March 2026)

Bharat Dynamics Limited net assets breakdown by equity component as of March 2026.

Component	Amount	Percentage
Retained Earnings	Rs377.33 Million	0.89%
Common Stock	Rs1.83 Billion	4.32%
Other Comprehensive Income	Rs40.20 Billion	94.79%
Total Equity	Rs42.41 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
TUI AG F:TUI1	$4.03 Billion
GRUPO SIM. S.A.B. B ADR/3 F:GSM	$4.03 Billion
Mobile World Investment Corp VN:MWG	$4.03 Billion
Western Superconducting Tech Co Ltd SHG:688122	$4.04 Billion
Thor Industries Inc NYSE:THO	$4.03 Billion
Cadence Bancorp NYSE:CADE	$4.03 Billion
Badger Meter Inc NYSE:BMI	$4.03 Billion
Cencosud Shopping SA SN:CENCOMALLS	$4.03 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 2025 to 2026, total equity changed from 40,089,508,000 to 42,409,693,000, a change of 2,320,185,000 (5.8%).
Net income of 4,203,376,000 contributed positively to equity growth.
Dividend payments of 1,903,600,000 reduced retained earnings.
Other comprehensive income increased equity by 2,504,606,000.
Other factors decreased equity by 2,484,197,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs4.20 Billion	+9.91%
Dividends Paid	Rs1.90 Billion	-4.49%
Other Comprehensive Income	Rs2.50 Billion	+5.91%
Other Changes	Rs-2.48 Billion	-5.86%
Total Change	Rs-	5.79%

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: 8.79x
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 55.63x to 8.79x 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	Rs18.28	Rs1017.00	x
2014-03-31	Rs22.19	Rs1017.00	x
2015-03-31	Rs28.74	Rs1017.00	x
2016-03-31	Rs33.20	Rs1017.00	x
2017-03-31	Rs51.73	Rs1017.00	x
2018-03-31	Rs49.36	Rs1017.00	x
2019-03-31	Rs61.89	Rs1017.00	x
2020-03-31	Rs71.12	Rs1017.00	x
2021-03-31	Rs73.24	Rs1017.00	x
2022-03-31	Rs82.67	Rs1017.00	x
2023-03-31	Rs87.61	Rs1017.00	x
2024-03-31	Rs99.21	Rs1017.00	x
2025-03-31	Rs109.37	Rs1017.00	x
2026-03-31	Rs115.73	Rs1017.00	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): 9.91%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.21%
• Asset Turnover: 0.17x
• Equity Multiplier: 3.36x
Recent ROE (9.91%) is below the historical average (19.83%), 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	Rs1.83 Billion
2014	27.08%	19.48%	0.22x	6.46x	Rs2.18 Billion
2015	25.33%	15.05%	0.33x	5.09x	Rs2.53 Billion
2016	30.36%	13.78%	0.42x	5.21x	Rs3.77 Billion
2017	23.69%	11.55%	0.53x	3.89x	Rs3.03 Billion
2018	27.00%	11.54%	0.69x	3.37x	Rs3.33 Billion
2019	18.63%	13.77%	0.56x	2.41x	Rs1.96 Billion
2020	20.52%	17.23%	0.55x	2.18x	Rs2.74 Billion
2021	9.60%	13.47%	0.32x	2.22x	Rs-107.10 Million
2022	16.50%	17.74%	0.43x	2.17x	Rs1.97 Billion
2023	10.97%	14.15%	0.29x	2.70x	Rs310.25 Million
2024	16.85%	25.86%	0.23x	2.84x	Rs2.49 Billion
2025	13.71%	16.43%	0.28x	2.93x	Rs1.49 Billion
2026	9.91%	17.21%	0.17x	3.36x	Rs-37.59 Million

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: $29,366,540,778
Average return on equity (ROE) among peers: 17.98%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bharat Dynamics Limited (BDL)	Rs42.41 Billion	27.44%	2.36x	$4.03 Billion
Apollo Micro Systems Limited (APOLLO)	$347.99 Million	21.40%	2.87x	$1.61 Billion
Bharat Electronics Limited (BEL_old)	$44.58 Billion	16.54%	1.13x	$29.41 Billion
Cochin Shipyard Limited (COCHINSHIP)	$44.28 Billion	6.88%	1.26x	$3.42 Billion
Cyient DLM Limited (CYIENTDLM)	$9.49 Billion	7.17%	0.78x	$638.44 Million
Data Patterns (India) Limited (DATAPATTNS)	$1.33 Billion	5.80%	1.09x	$2.39 Billion
DCX Systems Limited (DCXINDIA)	$171.70 Million	56.75%	39.70x	$166.91 Million
Garden Reach Shipbuilders & Engineers Limited (GRSE)	$11.37 Billion	13.50%	4.97x	$2.64 Billion
Hindustan Aeronautics Limited (HAL)	$120.59 Billion	17.19%	3.08x	$35.86 Billion
Mazagon Dock Shipbuilders Limited (MAZDOCK)	$32.14 Billion	16.57%	5.48x	$7.79 Billion

About Bharat Dynamics Limited

NSE:BDL India Aerospace & Defense

Market Cap

$4.03 Billion

Rs372.79 Billion INR

Market Cap Rank

#3976 Global

#178 in India

Share Price

Rs1017.00

Change (1 day)

+2.11%

52-Week Range

Rs974.00 - Rs1613.80

All Time High

Rs2015.50