Bharat Dynamics shareholders and shareholding pattern

NSE: BDLBSE: 541143Aerospace & DefenseMid Cap

Bharat Dynamics Limited · Face value ₹5 · Listed Mar 2018 · Issue price ₹428

₹992.50₹13.50 (1.34%)BSE ₹994.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹1,006.00.

28 Oct: open ₹1,000.20, high ₹1,012.70, low ₹986.40

52-week range of traded prices to 28 Oct 2026

₹986.40Low, 28 Oct 2026₹1,633.40High, 14 Nov 2025

Market cap: ₹36,381 Cr198th largest listed
P/E: 69.86
P/B: 8.58
Dividend yield: 0.49%
ROE: 12.6%
ROCE: 6.4%
Debt to equity: 0.00
Volume, NSE: 9,10,01630.7% delivered

Bharat Dynamics' shareholding pattern for Sep 2026, filed on 14 Oct 2026, with every filing from Mar 2018: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Bharat Dynamics, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters74.93%
Foreign institutions1.76%
Indian institutions10.80%
GovernmentsNone
Individuals and others12.52%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
Indian promoters	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	87.75%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	12.25%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%	25.07%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.88%	3.24%	2.83%	3.36%	3.09%	3.10%	2.95%	3.05%	2.94%	3.09%	3.26%	3.77%	2.43%	2.30%	2.02%	1.69%	1.76%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.65%	0.00%	2.72%	3.21%	2.99%	2.98%	2.83%	2.85%	2.73%	2.90%	2.94%	3.52%	2.34%	2.22%	1.95%	1.68%	1.75%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.23%	3.24%	0.11%	0.15%	0.10%	0.11%	0.12%	0.21%	0.21%	0.19%	0.31%	0.25%	0.09%	0.07%	0.07%	0.01%	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.01%	12.39%	14.10%	13.79%	12.81%	13.32%	12.40%	9.52%	8.47%	8.71%	9.46%	10.10%	11.30%	10.95%	10.97%	11.53%	10.80%
Mutual funds	2.76%	2.95%	2.74%	2.74%	2.76%	3.68%	3.72%	3.68%	3.60%	3.62%	4.00%	4.70%	6.13%	6.89%	7.43%	8.04%	9.00%	8.27%	8.28%	8.70%	8.76%	8.46%	8.41%	9.28%	7.93%	5.67%	4.64%	4.74%	4.98%	4.78%	5.79%	5.52%	5.57%	6.42%	5.85%
Insurance companies	2.64%	2.62%	2.62%	2.62%	2.62%	2.62%	2.88%	2.88%	2.87%	2.87%	12.00%	11.77%	11.33%	11.03%	10.13%	9.33%	7.36%	6.29%	4.67%	3.60%	5.23%	5.20%	4.30%	3.56%	3.95%	3.60%	3.53%	3.65%	4.13%	4.23%	3.74%	3.55%	3.46%	3.35%	3.27%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.01%	0.00%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	0.06%	Under 0.01%	0.09%	0.09%	Under 0.01%	0.08%	0.01%	0.07%
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.70%	1.41%	1.64%	1.65%	1.51%	1.51%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.02%	0.02%	0.02%	0.05%	0.09%	0.00%	0.11%	0.10%	0.48%	0.51%	0.24%	0.22%	0.24%	0.33%	0.29%	0.26%	0.22%	0.20%	0.23%	0.09%
Venture capital funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	0.00%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Clearing Member	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–	–	–	–	–	–	–	–
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.01%	0.01%	–	–	–	–	–	–
Qualified Institutional Buyer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	–
QIB	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	0.00%
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	0.00%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.18%	9.43%	8.15%	7.92%	9.17%	8.65%	9.72%	12.50%	13.67%	13.28%	12.36%	11.21%	11.34%	11.83%	12.09%	11.85%	12.52%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.57%	6.87%	5.89%	5.83%	7.05%	6.47%	7.39%	10.23%	11.71%	11.31%	10.44%	9.52%	9.64%	10.12%	10.32%	10.03%	10.81%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.90%	0.86%	0.80%	0.81%	0.80%	0.79%	0.68%	0.60%	0.50%	0.43%	0.39%	0.34%	0.37%	0.37%	0.29%	0.20%	0.22%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.72%	0.73%	0.69%	0.56%	0.60%	0.53%	0.70%	0.70%	0.49%	0.47%	0.48%	0.43%	0.43%	0.47%	0.53%	0.52%	0.48%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.44%	0.47%	0.39%	0.48%	0.46%	0.47%	0.51%	0.53%	0.38%	0.57%	0.60%	0.47%	0.46%	0.48%	0.49%	0.50%	0.52%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.55%	0.50%	0.38%	0.24%	0.26%	0.38%	0.44%	0.43%	0.59%	0.48%	0.44%	0.43%	0.44%	0.39%	0.47%	0.60%	0.49%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.12%	0.06%	0.01%	Under 0.01%	Under 0.01%	0.04%	0.06%	0.03%	–	0.02%	0.03%	–	0.03%	0.02%	0.11%	0.22%	0.13%
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	–	0.01%	0.01%	0.01%	0.01%	0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.28%	0.29%	0.25%	0.23%	0.25%	0.27%	0.32%	0.35%	0.37%	0.36%	0.32%	–	0.31%	0.33%	0.32%	0.31%	0.32%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.07%	0.05%	0.03%	0.04%	0.05%	0.04%	–	–	Under 0.01%	0.01%	0.04%	0.01%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.14%	0.14%	0.12%	–	–	–	0.01%	0.01%	0.17%	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.04%	–	0.04%	0.04%	0.03%	0.03%	0.03%
Societies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	–	–	–	–
Shares in issue	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	18,32,81,250	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500	36,65,62,500
Shares locked in	16,08,29,297	16,08,29,297	16,08,29,297	16,08,29,297	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Promoters' shares locked in	16,08,29,297	16,08,29,297	16,08,29,297	16,08,29,297	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	3,66,56,250	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Bharat Dynamics shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	1,56,004	1,31,942	1,24,996	1,21,612	1,18,358	1,14,427	1,12,682	1,08,834	1,07,828	1,06,568	1,40,195	1,28,453	1,31,209	1,24,303	1,16,642	1,10,498	1,12,648	1,55,036	1,69,869	1,77,596	1,66,501	1,67,183	1,96,566	2,05,887	2,48,158	4,98,630	5,90,374	5,94,284	5,67,591	5,41,535	5,37,004	5,51,090	5,68,164	5,60,750	5,72,065
	7	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Indian promoters	7	2	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	1,55,997	1,31,940	1,24,995	1,21,611	1,18,357	1,14,426	1,12,681	1,08,833	1,07,827	1,06,567	1,40,194	1,28,452	1,31,208	1,24,302	1,16,641	1,10,497	1,12,647	1,55,035	1,69,868	1,77,595	1,66,500	1,67,182	1,96,565	2,05,886	2,48,157	4,98,629	5,90,373	5,94,283	5,67,590	5,41,534	5,37,003	5,51,089	5,68,163	5,60,749	5,72,064
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	99	97	80	79	72	66	67	91	103	109	114	136	105	95	87	73	74
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	91	0	72	70	67	61	60	78	91	100	100	122	94	86	79	69	70
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	97	8	9	5	5	7	13	12	9	14	14	11	9	8	4	4
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25	35	28	32	30	57	55	66	249	59	65	80	79	71	72	73	66
Mutual funds	1	1	1	2	2	2	3	3	3	3	4	6	6	6	6	6	8	10	12	18	15	15	15	20	20	24	21	24	26	29	31	29	28	27	29
Insurance companies	5	4	4	4	4	4	6	6	6	6	7	7	7	7	7	7	7	7	7	7	6	7	9	18	16	18	18	15	15	17	20	19	19	16	14
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	2	0	1	1	3	3	2	1	2	1	2	2	2	3
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	3	4	8	0	6	4	12	12	13	13	11	16	26	19	13	14	19	12
Venture capital funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	5	0	0	0	0	0	0	0	0	–	–	–	–	–	0
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	6	6	8	4	6	6	4	6	6	7	7	6
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	190	1	1	1	1	1	1	1	1
Clearing Member	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	56	–	–	–	–	–	–	–	–
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	134	1	1	–	–	–	–	–	–
Qualified Institutional Buyer	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	–
QIB	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	0	0	0	0	0	0	–	–	–	–	–	0
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	0
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	1	1	0	0	0	0	0	0	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,69,743	1,77,462	1,66,391	1,67,070	1,96,462	2,05,763	2,48,035	4,98,472	5,90,021	5,94,115	5,67,411	5,41,318	5,36,819	5,50,923	5,68,004	5,60,603	5,71,924
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,61,605	1,68,997	1,58,698	1,59,500	1,88,439	1,97,196	2,38,059	4,82,889	5,73,514	5,76,964	5,50,062	5,23,155	5,18,955	5,32,551	5,49,018	5,41,352	5,52,380
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	25	27	24	26	26	23	21	20	15	16	16	13	15	16	11	8	10
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	659	701	669	666	666	762	882	1,460	1,338	1,284	1,293	1,453	1,325	1,283	1,275	1,272	1,256
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2,397	2,586	2,209	3,371	3,517	3,882	4,532	7,275	4,551	8,211	8,676	9,150	8,974	9,259	9,844	10,169	10,178
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	2	2	2	2	3	3	3	3	3
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	1	0	0	1	1	3	4	4	4	3	3	3	4
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	2	2	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5,057	5,151	4,791	3,507	3,813	3,900	4,541	6,825	10,598	7,634	7,357	7,540	7,542	7,806	7,848	7,794	8,091
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	155	66	41	16	13	46	47	68	–	57	48	–	50	40	41	47	38
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	133	131	127	136	130	130	127	122	118	118	117	–	114	113	111	111	112
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,584	3,658	3,413	3,351	3,665	3,716	4,356	6,616	7,231	7,309	7,041	–	7,217	7,485	7,541	7,470	7,762
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	3	5	4	5	8	10	18	21	21	22	–	–	18	19	20	17
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,180	1,293	1,205	–	–	–	1	1	3,228	–	–	–	–	–	–	–	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	129	129	–	143	150	136	146	162
Societies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18	–	–	–	–

Bharat Dynamics promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is PRESIDENT OF INDIA, 74.93%.Promoter buying and selling

Holder
PRESIDENT OF INDIACentral and state governments	74.93%	27,46,51,054

No promoter shares are reported as pledged.

Largest public holders of Bharat Dynamics, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Bharat Dynamics

Holder	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
LIFE INSURANCE CORPORATION OF INDIAInsurance companies	2.23%	2.23%	2.23%	2.23%	2.23%	–	2.23%	2.23%	2.23%	2.23%	10.50%	10.50%	10.23%	9.93%	8.70%	8.00%	6.25%	5.21%	2.80%	1.61%	1.61%	1.88%	1.01%	1.01%	1.43%	1.83%	2.19%	2.30%	2.79%	2.79%	1.87%	1.71%	1.71%	1.71%	1.58%
NPS TRUST- A/C SBI PENSION FUND SCHEME - STATE GOVTProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	1.64%	1.65%	–	1.51%
NPS TRUST- A/C SBI PENSION FUND SCHEMEProvident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.51%	–
Max Life Insurance Company LimitedInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.14%	1.25%	3.00%	2.82%	2.33%	–	–	–	–	–	–	–	–	–	–	–	–
ABU DHABI INVESTMENT AUTHORITY - LGLINVInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	1.32%	1.34%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
STATE BANK OF INDIAFinancial Institution Or Banks	–	–	–	–	–	–	–	–	–	–	1.22%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Life Insurance CorporationInsurance companies	–	–	–	–	–	2.23%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Indian institutions: NPS TRUST- A/C SBI PENSION FUND SCHEME no longer named, from 1.51%; NPS TRUST- A/C SBI PENSION FUND SCHEME - STATE GOVT newly named at 1.51%; LIFE INSURANCE CORPORATION OF INDIA 1.58%, −0.13 pts