Bharat Dynamics Ltd — Defence Order Book & Order Wins

Order inflow parsed from Bharat Dynamics Ltd's BSE Reg-30 "Receipt of Order" filings; order-book figures from management's earnings-call disclosures. See the live analysis on Bharat Dynamics Ltd.

Latest order book: ₹26,176 Cr (as of Q4 FY26)

Order inflow FY27: ₹1,348 Cr across 1 disclosed wins · trailing 12 months: ₹6,715 Cr (4 wins)

Order-book trend

Period	Order book
Q3 FY24	₹20,070 Cr
Q4 FY24	₹19,434 Cr
Q2 FY25	₹18,852 Cr
Q4 FY26	₹26,176 Cr

Quarterly order-book bridge

Opening backlog + net order intake − revenue executed = closing backlog.

Quarter	Opening	Intake	Executed	Closing
Q4 FY26	₹18,852 Cr	—	—	₹26,176 Cr
Q2 FY25	₹19,434 Cr	—	—	₹18,852 Cr
Q4 FY24	₹20,070 Cr	—	—	₹19,434 Cr

Disclosed inflow by customer

Customer	Wins	Value
Indian Army	2	₹4,558 Cr
MoD	1	₹4,362 Cr
Indian Navy	1	₹2,960 Cr
PSU	2	₹2,157 Cr

Recent order wins

Date	Value	Customer	Order
24 Jun 2026	₹1,348 Cr	PSU	Bharat Dynamics Ltd received orders worth Rs 1347.71 crore from Hindustan Aeronautics Limited for Helina Launchers & LRUs and CMDS LRUs.
1 Dec 2025	₹2,462 Cr	Indian Army	Bharat Dynamics Ltd secured additional orders worth Rs 2461.62 crore for the supply of ATGMs and SAMs from the Indian Army.
13 Nov 2025	₹2,096 Cr	Indian Army	Bharat Dynamics Ltd signed a contract worth Rs 2,095.70 crore with the Ministry of Defence for the supply of Invar Anti-tank missiles for the Indian Army.
25 Jul 2025	₹809 Cr	PSU	Bharat Dynamics Ltd received an order for the supply of one of the ATGM from Armoured Vehicles Nigam Limited for a value of Rs 809 crore.
26 Mar 2025	₹4,362 Cr	MoD	Bharat Dynamics Ltd signed a contract worth Rs 4362.23 Crore with the Ministry of Defence for the supply of armaments to Indian Armed forces.
16 Jan 2025	₹2,960 Cr	Indian Navy	Bharat Dynamics Ltd signed a contract worth Rs 2960 crore with the Ministry of Defence for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the In