Bharat DynamicsNSE:BDL +0.77%84 Interest Coverage is 53.00 as of Mar. 2026, which is 74% below its 10-year median of 200.83. GuruFocus rates NSE:BDL with a GF Score™ of 84/100 and a GF Value™ of ₹1,223.73 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 241 Aerospace & Defense companies, Bharat Dynamics ranks better than 80.5% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Bharat Dynamics's
Operating Income
for the
three
months ended in Mar. 2026 was ₹354 Mil. Bharat Dynamics's Interest Expense for the
three
months ended in Mar. 2026 was ₹-7 Mil.
Bharat Dynamics's interest coverage for the quarter that ended in Mar. 2026 was 53.00.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Bharat Dynamics's Interest Coverage or its related term are showing as below:
NSE:BDL'
s Interest Coverage Range Over the Past 10 Years
Min: 43.53 Med: 200.83 Max: 320.52
Current: 43.53
NSE:BDL's Interest Coverage is ranked better than 80.5% of 241
companies
in the Aerospace & Defense industry
Industry Median: 8.69
vs NSE:BDL: 43.53
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Bharat Dynamics Interest Coverage Related Terms
Bharat Dynamics Interest Coverage Historical Data
* Premium members only.
The historical data trend for Bharat Dynamics's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NSE:BDL vs SPCX, GE, RTX: Interest Coverage Comparison
For the Aerospace & Defense subindustry, Bharat Dynamics's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bharat Dynamics Interest Coverage vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Dynamics's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Bharat Dynamics's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bharat Dynamics (NSE:BDL) has a Interest Coverage of 53.00 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bharat Dynamics and its competitors. This is 74% below median its historical median of 200.83. Over the past decade, Bharat Dynamics' Interest Coverage has ranged from 43.53 to 320.52. According to the industry distribution chart, Bharat Dynamics ranks #47 out of 241 companies in the Aerospace & Defense industry, placing it in the top 19.5%.
Is Bharat Dynamics' Interest Coverage too high?
Bharat Dynamics' current Interest Coverage of 53.00 is 74% below median its 10-year median of 200.83. Over the past 10 years, this metric has ranged from a low of 43.53 to a high of 320.52. The Aerospace & Defense industry median Interest Coverage is 8.69. Bharat Dynamics' value of 53.00 is 509.9% above this industry median. Based on the distribution chart, Bharat Dynamics ranks #47 out of 241 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Bharat Dynamics has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Dynamics' Interest Coverage compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Bharat Dynamics ranks #47 out of 241 companies for Interest Coverage. This places Bharat Dynamics in the top 20% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 8.69. Bharat Dynamics' value of 53.00 is 509.9% above this benchmark. Historically, Bharat Dynamics' own Interest Coverage has ranged from 43.53 to 320.52 over the past decade. While the company's 10-year median is 200.83 vs. the industry median of 8.69, Bharat Dynamics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.69, based on 241 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Dynamics's current Interest Coverage of 53.00 is 509.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Bharat Dynamics and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Dynamics's current Interest Coverage is 53.00, which is 74% below median its own 10-year median of 200.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Dynamics (NSE:BDL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,223.73, compared to a current price of ₹1,379.00 — trading 12.7% above its estimated fair value. The current Interest Coverage is 53.00, which is 74% below median its 10-year median of 200.83 and 509.9% above the Aerospace & Defense industry median of 8.69. Bharat Dynamics' overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Bharat Dynamics (NSE:BDL), the current Interest Coverage is 53.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bharat Dynamics (NSE:BDL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Dynamics stock appears to be overvalued.
The current stock price of ₹1,379.00 is trading 12.7% above its estimated GF Value™ of ₹1,223.73.
GuruFocus considers Bharat Dynamics to be Modestly Overvalued.
Key valuation signals for NSE:BDL:
Interest Coverage: 53.00 (74% below median its 10-year median of 200.83)
GF Value™: ₹1,223.73 vs. price of ₹1,379.00 (12.7% above fair value)
Industry Position: 509.9% above the Aerospace & Defense median (#47 of 241)
No single metric tells the full story. See the NSE:BDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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