Bharat Dynamics Ltd
NSE:BDL

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Bharat Dynamics Ltd
NSE:BDL
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Price: 1 398.7 INR -1.73% Market Closed
Market Cap: ₹512.7B

EV/S

12.4
Current
3%
Cheaper
vs 3-y average of 12.8

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
12.4
=
Enterprise Value
₹405.6B
/
Revenue
₹37.4B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
12.4
=
Enterprise Value
₹405.6B
/
Revenue
₹37.4B

Valuation Scenarios

Bharat Dynamics Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (12.8), the stock would be worth ₹1 441.55 (3% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-77%
Maximum Upside
+3%
Average Downside
35%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 12.4 ₹1 398.7
0%
3-Year Average 12.8 ₹1 441.55
+3%
5-Year Average 6.5 ₹732.59
-48%
Industry Average 10.3 ₹1 162.97
-17%
Country Average 2.9 ₹325.33
-77%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹405.6B
/
Jan 2026
₹37.4B
=
12.4
Current
₹405.6B
/
Mar 2026
₹42B
=
9.7
Forward
₹405.6B
/
Mar 2027
₹55.6B
=
7.3
Forward
₹405.6B
/
Mar 2028
₹72.6B
=
5.6
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Higher than 90% of companies in India
Percentile
90th
Based on 2 864 companies
90th percentile
12.4
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

Bharat Dynamics Ltd
Glance View

Bharat Dynamics Ltd., a pivotal player in India's defense sector, crafts its narrative around a confluence of strategic ambitions and technological prowess. As a state-owned enterprise, it was established in 1970 to produce guided missile systems, bolstering India's self-reliance in defense manufacturing. Headquartered in Hyderabad, the company stands at the forefront of developing sophisticated defense equipment, ranging from surface-to-air missiles to anti-tank guided missiles. Over the years, Bharat Dynamics has evolved in alignment with the nation’s defense imperatives, consistently innovating and expanding its production capabilities to support the Indian armed forces and various international clients. This approach helped establish a stronghold in both domestic and international markets while enhancing India's defense manufacturing autonomy. The company earns its revenue primarily through substantial contracts with the Indian government, specifically the Ministry of Defense, which relies heavily on its products for maintaining national security resilience. These contracts contribute a significant portion of their revenues, enabling the company to invest in research, development, and infrastructure to diversify their portfolio. Additionally, Bharat Dynamics has embarked on several joint ventures and collaborations with global defense leaders, thereby tapping into new technologies and broadening its market presence beyond Indian shores. By integrating indigenous R&D efforts with global expertise, the company continues to strengthen its position as a premier supplier of technologically advanced defense solutions. In doing so, Bharat Dynamics not only secures financial stability but also reinforces its strategic role as a linchpin in the architecture of India's defense manufacturing sector.

BDL Intrinsic Value
805.96 INR
Overvaluation 42%
Intrinsic Value
Price ₹1 398.7
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