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Bharat Dynamics Valuation Multiples
Discover revenue and EBITDA valuation multiples for Bharat Dynamics and similar public comparables like Avic (Chengdu) Uas, Codan, Jiangxi Hongdu Aviation, Fincantieri and more.
Bharat Dynamics Overview
About Bharat Dynamics
Bharat Dynamics Ltd is engaged in the manufacturing of Missiles and allied Defence equipment. The Company provides the majority of its goods and services to the Indian Armed Forces and the Government of India. Its products comprise Milan-2T ATGM, Helina, Astra Weapon System, FLAME, Anti-Submarine Warfare Suite (ASW SUITE), Astra Weapon Systemothers, and Others.
Founded
1970
HQ
Employees
2.3K
Website
Financials (LTM)
EV
$4B
Bharat Dynamics Financials
Bharat Dynamics reported last 12-month revenue of $443M and EBITDA of $71M.
In the same LTM period, Bharat Dynamics generated $206M in gross profit, $71M in EBITDA, and $78M in net income.
Revenue (LTM)
Bharat Dynamics P&L
In the most recent fiscal year, Bharat Dynamics reported revenue of $392M and EBITDA of $87M.
Bharat Dynamics expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $443M | XXX | $392M | XXX | XXX | XXX |
| Gross Profit | $206M | XXX | $173M | XXX | XXX | XXX |
| Gross Margin | 46% | XXX | 44% | XXX | XXX | XXX |
| EBITDA | $71M | XXX | $87M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $78M | XXX | $66M | XXX | XXX | XXX |
| Net Margin | 18% | XXX | 17% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Bharat Dynamics Stock Performance
Bharat Dynamics has current market cap of $5B, and enterprise value of $4B.
Market Cap Evolution
Bharat Dynamics' stock price is $13.41.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $5B | -0.6% | XXX | XXX | XXX | $0.18 |
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Start Free TrialBharat Dynamics Valuation Multiples
Bharat Dynamics trades at 9.9x EV/Revenue multiple, and 62.0x EV/EBITDA.
EV / Revenue (LTM)
Bharat Dynamics Financial Valuation Multiples
As of March 29, 2026, Bharat Dynamics has market cap of $5B and EV of $4B.
Equity research analysts estimate Bharat Dynamics' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bharat Dynamics has a P/E ratio of 63.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 9.9x | XXX | 11.2x | XXX | XXX | XXX |
| EV/EBITDA | 62.0x | XXX | 50.8x | XXX | XXX | XXX |
| EV/EBIT | 57.5x | XXX | 76.7x | XXX | XXX | XXX |
| EV/Gross Profit | 21.4x | XXX | 25.3x | XXX | XXX | XXX |
| P/E | 63.3x | XXX | 74.0x | XXX | XXX | XXX |
| EV/FCF | 132.1x | XXX | (361.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Bharat Dynamics Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Bharat Dynamics Margins & Growth Rates
Bharat Dynamics' revenue in the last 12 month grew by 31%.
Bharat Dynamics' revenue per employee in the last FY averaged $0.2M.
Bharat Dynamics' rule of 40 is 47% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bharat Dynamics' rule of X is 93% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Bharat Dynamics Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 31% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 46% | XXX | (18%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 47% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 93% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 33% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Bharat Dynamics Public Comps
See public comps and valuation multiples for other Defense Systems comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Avic (Chengdu) Uas | XXX | XXX | XXX | XXX | XXX | XXX |
| Codan | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangxi Hongdu Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Fincantieri | XXX | XXX | XXX | XXX | XXX | XXX |
| Mercury Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Bharat Dynamics M&A Activity
Bharat Dynamics acquired XXX companies to date.
Last acquisition by Bharat Dynamics was on XXXXXXXX, XXXXX. Bharat Dynamics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Bharat Dynamics
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBharat Dynamics Investment Activity
Bharat Dynamics invested in XXX companies to date.
Bharat Dynamics made its latest investment on XXXXXXXX, XXXXX. Bharat Dynamics invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Bharat Dynamics
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Bharat Dynamics
| When was Bharat Dynamics founded? | Bharat Dynamics was founded in 1970. |
| Where is Bharat Dynamics headquartered? | Bharat Dynamics is headquartered in India. |
| How many employees does Bharat Dynamics have? | As of today, Bharat Dynamics has over 2K employees. |
| Is Bharat Dynamics publicly listed? | Yes, Bharat Dynamics is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Bharat Dynamics? | Bharat Dynamics trades under BDL ticker. |
| When did Bharat Dynamics go public? | Bharat Dynamics went public in 2018. |
| Who are competitors of Bharat Dynamics? | Bharat Dynamics main competitors are Avic (Chengdu) Uas, Codan, Jiangxi Hongdu Aviation, Fincantieri. |
| What is the current market cap of Bharat Dynamics? | Bharat Dynamics' current market cap is $5B. |
| What is the current revenue of Bharat Dynamics? | Bharat Dynamics' last 12 months revenue is $443M. |
| What is the current revenue growth of Bharat Dynamics? | Bharat Dynamics revenue growth (NTM/LTM) is 31%. |
| What is the current EV/Revenue multiple of Bharat Dynamics? | Current revenue multiple of Bharat Dynamics is 9.9x. |
| Is Bharat Dynamics profitable? | Yes, Bharat Dynamics is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Bharat Dynamics? | Bharat Dynamics' last 12 months EBITDA is $71M. |
| What is Bharat Dynamics' EBITDA margin? | Bharat Dynamics' last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Bharat Dynamics? | Current EBITDA multiple of Bharat Dynamics is 62.0x. |
| What is the current FCF of Bharat Dynamics? | Bharat Dynamics' last 12 months FCF is $33M. |
| What is Bharat Dynamics' FCF margin? | Bharat Dynamics' last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Bharat Dynamics? | Current FCF multiple of Bharat Dynamics is 132.1x. |
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