Bharat DynamicsNSE:BDL -1.09%84 Net Margin % is 23.16% as of Mar. 2026, which is 48% above its 10-year median of 15.70. GuruFocus rates NSE:BDL with a GF Score™ of 84/100 and a GF Value™ of ₹1,210.93 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 347 Aerospace & Defense companies, Bharat Dynamics ranks better than 85.88% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Bharat Dynamics's Net Income for the
three
months ended in Mar. 2026 was ₹1,132 Mil. Bharat Dynamics's Revenue for the
three
months ended in Mar. 2026 was ₹4,886 Mil. Therefore, Bharat Dynamics's net margin for the quarter that ended in Mar. 2026 was 23.16%.
The historical rank and industry rank for Bharat Dynamics's Net Margin % or its related term are showing as below:
NSE:BDL'
s Net Margin % Range Over the Past 10 Years
Min: 11.02 Med: 15.7 Max: 25.98
Current: 17.4
NSE:BDL's Net Margin % is ranked better than 85.88% of 347
companies
in the Aerospace & Defense industry
Industry Median: 4.9
vs NSE:BDL: 17.40
Bharat Dynamics (NSE:BDL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Bharat Dynamics Net Margin % Related Terms
Bharat Dynamics Net Margin % Historical Data
* Premium members only.
The historical data trend for Bharat Dynamics's Net Margin % 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.
For the Aerospace & Defense subindustry, Bharat Dynamics's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Dynamics's Net Margin % distribution charts can be found below:
* The bar in red indicates where Bharat Dynamics's Net Margin % falls into.
* 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 Net Margin % of 23.16% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Bharat Dynamics and its competitors. This is 48% above median its historical median of 15.70. Over the past decade, Bharat Dynamics' Net Margin % has ranged from 11.02 to 25.98. According to the industry distribution chart, Bharat Dynamics ranks #49 out of 347 companies in the Aerospace & Defense industry, placing it in the top 14.1%.
Is Bharat Dynamics' Net Margin % too high?
Bharat Dynamics' current Net Margin % of 23.16% is 48% above median its 10-year median of 15.70. Over the past 10 years, this metric has ranged from a low of 11.02 to a high of 25.98. The Aerospace & Defense industry median Net Margin % is 4.90. Bharat Dynamics' value of 23.16% is 372.7% above this industry median. Based on the distribution chart, Bharat Dynamics ranks #49 out of 347 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' Net Margin % compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Bharat Dynamics ranks #49 out of 347 companies for Net Margin %. This places Bharat Dynamics in the top 14% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.90. Bharat Dynamics' value of 23.16% is 372.7% above this benchmark. Historically, Bharat Dynamics' own Net Margin % has ranged from 11.02 to 25.98 over the past decade. While the company's 10-year median is 15.70 vs. the industry median of 4.90, 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 Net Margin % for an Aerospace & Defense company?
The median Net Margin % among Aerospace & Defense companies is 4.90, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Dynamics's current Net Margin % of 23.16% is 372.7% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Bharat Dynamics and its competitors. For the Aerospace & Defense industry, the median Net Margin % is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Dynamics's current Net Margin % is 23.16%, which is 48% above median its own 10-year median of 15.70. 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 ₹1,210.93, compared to a current price of ₹1,368.40 — trading 13% above its estimated fair value. The current Net Margin % is 23.16%, which is 48% above median its 10-year median of 15.70 and 372.7% above the Aerospace & Defense industry median of 4.90. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Bharat Dynamics (NSE:BDL), the current Net Margin % is 23.16% 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 ₹1,368.40 is trading 13% above its estimated GF Value™ of ₹1,210.93.
GuruFocus considers Bharat Dynamics to be Modestly Overvalued.
Key valuation signals for NSE:BDL:
Net Margin %: 23.16% (48% above median its 10-year median of 15.70)
GF Value™: ₹1,210.93 vs. price of ₹1,368.40 (13% above fair value)
Industry Position: 372.7% above the Aerospace & Defense median (#49 of 347)
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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