Bharat Dynamics (NSE:BDL) Dividend Payout Ratio: 1.46 (As of Mar. 2026) — 274% Above Median

What is Bharat Dynamics Dividend Payout Ratio?

Bharat Dynamics NSE:BDL -4.18% 85 Dividend Payout Ratio is 1.46 as of Mar. 2026, which is 274% above its 10-year median of 0.39. GuruFocus rates NSE:BDL with a GF Score™ of 85/100 and a GF Value™ of ₹1,238.66 (Fairly Valued). The stock has 9 warning signs investors should review. Among 154 Aerospace & Defense companies, Bharat Dynamics ranks worse than 70.78% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Bharat Dynamics's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.46.

The historical rank and industry rank for Bharat Dynamics's Dividend Payout Ratio or its related term are showing as below:

NSE:BDL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.39 Max: 0.66
Current: 0.45

During the past 13 years, the highest Dividend Payout Ratio of Bharat Dynamics was 0.66. The lowest was 0.27. And the median was 0.39.

NSE:BDL's Dividend Payout Ratio is ranked worse than
70.78% of 154 companies
in the Aerospace & Defense industry
Industry Median: 0.33 vs NSE:BDL: 0.45

As of today (2026-07-09), the Dividend Yield % of Bharat Dynamics is 0.39%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Bharat Dynamics was 4.74%. The lowest was 0.24%. And the median was 0.97%.

Bharat Dynamics's Dividends per Share for the months ended in Mar. 2026 was ₹4.50.

During the past 12 months, Bharat Dynamics's average Dividends Per Share Growth Rate was 6.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Bharat Dynamics was 6.90% per year. The lowest was -14.10% per year. And the median was 4.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Bharat Dynamics (NSE:BDL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Bharat Dynamics Dividend Payout Ratio Related Terms

Bharat Dynamics Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Bharat Dynamics's Dividend Payout Ratio 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.

Bharat Dynamics Dividend Payout Ratio Chart

Bharat Dynamics Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Dividend Payout Ratio

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0.28

0.48

0.30

0.32

0.45

Bharat Dynamics Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.54	0.00	0.11	0.00	1.46

NSE:BDL vs SPCX, GE, RTX: Dividend Payout Ratio Comparison

For the Aerospace & Defense subindustry, Bharat Dynamics's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bharat Dynamics's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Bharat Dynamics's Dividend Payout Ratio falls into.

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85GF Score

Bharat Dynamics Ltd NSE:BDL

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Bharat Dynamics Dividend Payout Ratio Calculation

Bharat Dynamics's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2026 )	/	EPS without NRI (A: Mar. 2026 )
	=	5.15	/	11.47
	=	0.45

Bharat Dynamics's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	4.5	/	3.09
	=	1.46

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.46 mean?

Bharat Dynamics (NSE:BDL) has a Dividend Payout Ratio of 1.46 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Bharat Dynamics and its competitors. This is 274% above median its historical median of 0.39. Over the past decade, Bharat Dynamics' Dividend Payout Ratio has ranged from 0.27 to 0.66. According to the industry distribution chart, Bharat Dynamics ranks #109 out of 154 companies in the Aerospace & Defense industry, placing it in the top 70.8%.

Is Bharat Dynamics' Dividend Payout Ratio too high?

Bharat Dynamics' current Dividend Payout Ratio of 1.46 is 274% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 0.66. The Aerospace & Defense industry median Dividend Payout Ratio is 0.33. Bharat Dynamics' value of 1.46 is 342.4% above this industry median. Based on the distribution chart, Bharat Dynamics ranks #109 out of 154 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Bharat Dynamics has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Bharat Dynamics' Dividend Payout Ratio compare to SPCX and GE?

According to the Aerospace & Defense industry distribution chart, Bharat Dynamics ranks #109 out of 154 companies for Dividend Payout Ratio. This places Bharat Dynamics in the lower half of its industry. The industry median Dividend Payout Ratio is 0.33. Bharat Dynamics' value of 1.46 is 342.4% above this benchmark. Historically, Bharat Dynamics' own Dividend Payout Ratio has ranged from 0.27 to 0.66 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.33, 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 Dividend Payout Ratio for an Aerospace & Defense company?

The median Dividend Payout Ratio among Aerospace & Defense companies is 0.33, based on 154 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Dynamics's current Dividend Payout Ratio of 1.46 is 342.4% 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Bharat Dynamics and its competitors. For the Aerospace & Defense industry, the median Dividend Payout Ratio is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Dynamics's current Dividend Payout Ratio is 1.46, which is 274% above median its own 10-year median of 0.39. 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 Fairly Valued. The stock's GF Value™ is ₹1,238.66, compared to a current price of ₹1,337.40 — trading 8% above its estimated fair value. The current Dividend Payout Ratio is 1.46, which is 274% above median its 10-year median of 0.39 and 342.4% above the Aerospace & Defense industry median of 0.33. Bharat Dynamics' overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Bharat Dynamics (NSE:BDL), the current Dividend Payout Ratio is 1.46 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 ₹1,337.40 is trading 8% above its estimated GF Value™ of ₹1,238.66. GuruFocus considers Bharat Dynamics to be Fairly Valued.

Key valuation signals for NSE:BDL:

Dividend Payout Ratio: 1.46 (274% above median its 10-year median of 0.39)
GF Value™: ₹1,238.66 vs. price of ₹1,337.40 (8% above fair value)
GF Score™: 85/100 with 9 warning signs
Industry Position: 342.4% above the Aerospace & Defense median (#109 of 154)

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 Business Description

Industry Industrials Aerospace & Defense

Comparable Companies BOM:540678 BOM:542011 BOM:543428 BOM:533339 NSE:AEQUS BOM:540879 NSE:SWANDEF BOM:532408 BOM:543367 NSE:UNIMECH SPCX GE RTX XPAR:AIR BA XPAR:SAF LSE:RR.LMT HWM GD

Other Exchanges 541143:India

Address Plot No. 38-39, Near ICICI towers, TSFC Building, Financial District, Nanakramguda, Hyderabad, TG, IND, 500032

Website https://www.bdl-india.in

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.

85GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,337.40

Price

₹1,238.66

GF Value

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