Bharat Dynamics (NSE:BDL) ROCE %: 7.81% (As of Mar. 2026)

What is Bharat Dynamics ROCE %?

Bharat Dynamics NSE:BDL -1.09% 84 ROCE % is 7.81% as of Mar. 2026. GuruFocus rates NSE:BDL with a GF Score™ of 84/100 and a GF Value™ of ₹1,211.70 (Modestly Overvalued). The stock has 9 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bharat Dynamics's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.81%.

Bharat Dynamics (NSE:BDL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bharat Dynamics ROCE % Related Terms

Bharat Dynamics ROCE % Historical Data

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The historical data trend for Bharat Dynamics's ROCE % 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 ROCE % Chart

Bharat Dynamics Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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19.18

9.28

12.03

10.22

7.47

Bharat Dynamics Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															20.53	1.29	14.46	5.20	7.81

84GF Score

Bharat Dynamics Ltd NSE:BDL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Bharat Dynamics ROCE % Calculation

Bharat Dynamics's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	5712.074	/	( ( (117424.843 - 43601.692)	+	(142614.989 - 63458.214) )	/ 2 )
	=	5712.074	/	( (73823.151	+	79156.775)	/ 2 )
	=	5712.074	/	76489.963
	=	7.47 %

Bharat Dynamics's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	6182.48	/	( ( (0 - 0)	+	(142614.989 - 63458.214) )	/ 1 )
	=	6182.48	/	( ( 0	+	79156.775 )	/ 1 )
	=	6182.48	/	79156.775
	=	7.81 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 7.81% mean?

Bharat Dynamics (NSE:BDL) has a ROCE % of 7.81% as of Mar. 2026.

Is Bharat Dynamics' ROCE % too high?

Bharat Dynamics' current ROCE % is 7.81%. The Aerospace & Defense industry median ROCE % is 6.29. Bharat Dynamics' value of 7.81% is 24.2% above this industry median. 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' ROCE % compare to GE and RTX?

Bharat Dynamics' ROCE % of 7.81% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. Bharat Dynamics' value of 7.81% is 24.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Aerospace & Defense company?

The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Dynamics's current ROCE % of 7.81% is 24.2% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Dynamics's current ROCE % is 7.81%. 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 ₹1,211.70, compared to a current price of ₹1,368.40 — trading 12.9% above its estimated fair value. The current ROCE % is 7.81% and 24.2% above the Aerospace & Defense industry median of 6.29. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Bharat Dynamics (NSE:BDL), the current ROCE % is 7.81% 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 12.9% above its estimated GF Value™ of ₹1,211.70. GuruFocus considers Bharat Dynamics to be Modestly Overvalued.

Key valuation signals for NSE:BDL:

ROCE %: 7.81%
GF Value™: ₹1,211.70 vs. price of ₹1,368.40 (12.9% above fair value)
GF Score™: 84/100 with 9 warning signs
Industry Position: 24.2% above the Aerospace & Defense median

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 BOM:540879 NSE:AEQUS NSE:SWANDEF BOM:532408 BOM:543367 NSE:UNIMECH GE RTX BA XPAR:AIR LSE:RR.XPAR:SAF LMT HWM GD RKLB

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.

84GF Score

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

₹1,368.40

Price

₹1,211.70

GF Value

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