Bharat Dynamics vs Bharat Electronics vs Astra Microwave Products: Which Stock Should You Track

Bharat Dynamics vs Bharat Electronics vs Astra Microwave Products starts with the core numbers most investors compare within the Defence segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Defence bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Bharat Dynamics, Bharat Electronics and Astra Microwave Products: Company Overview

Bharat Dynamics is a listed Indian company in the Defence space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Bharat Electronics is a listed Indian company in the Defence space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Astra Microwave Products is a listed Indian company in the Defence space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Bharat Dynamics vs Bharat Electronics vs Astra Microwave Products: Valuation and Profitability Snapshot

Metric	Bharat Dynamics	Bharat Electronics	Astra Microwave Products
Market Cap (approx.)	Rs 42,923 crore	Rs 2,90,418 crore	Rs 15,373 crore
PE Ratio (TTM)	82.40	47.24	81.32
PB Ratio	10.12	12.11	12.09
Return on Equity (ROE)	9.91%	25.27%	14.68%
EPS (TTM, Rs)	14.21	8.41	19.91
Dividend Yield	0.42%	0.63%	0.15%
Debt to Equity	0.00	0.00	0.22
Book Value per Share (Rs)	115.70	32.82	133.91

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On valuation, Bharat Dynamics trades at a PE of 82.40 and a PB of 10.12, Bharat Electronics at a PE of 47.24 and a PB of 12.11, while Astra Microwave Products trades at a PE of 81.32 and a PB of 12.09. On return on equity, the three post 9.91%, 25.27% and 14.68% respectively, and on dividend yield they stand at 0.42%, 0.63% and 0.15%.

Bharat Dynamics vs Bharat Electronics vs Astra Microwave Products: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
Bharat Dynamics	Quarterly revenue and profit figures for Bharat Dynamics were not independently verified this round; readers should check the company's latest exchange filing before relying on a quarter-specific figure.
Bharat Electronics	Rs 5,716.54 crore	Rs 1,043.90 crore	+24.2%	-44.7%
Astra Microwave Products	Rs 179.05 crore	Rs 12.35 crore	-11.5%	-63.8%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter where that data was available. A blank cell means the figure could not be independently verified in this pull and should be checked on the company's own exchange filing before use.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three defence names should track quarter-on-quarter revenue and margin trends, management commentary on order books or demand, and any sector-specific regulatory or input-cost developments, since a single-quarter snapshot can shift quickly.

Conclusion

Bharat Dynamics vs Bharat Electronics vs Astra Microwave Products highlights how differently three companies in the same defence segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Bharat Dynamics vs Bharat Electronics vs Astra Microwave Products

What is the market cap difference between Bharat Dynamics, Bharat Electronics and Astra Microwave Products?

Ans. As of September 2026, Bharat Dynamics has a market cap of approximately Rs 42,923 crore, Bharat Electronics is at approximately Rs 2,90,418 crore, and Astra Microwave Products is at approximately Rs 15,373 crore.

Which of the three has the highest PE ratio?

Ans. Among Bharat Dynamics, Bharat Electronics and Astra Microwave Products, the PE ratios stand at 82.40, 47.24 and 81.32 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. Bharat Dynamics, Bharat Electronics and Astra Microwave Products post ROE of 9.91%, 25.27% and 14.68% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. Bharat Dynamics, Bharat Electronics and Astra Microwave Products carry dividend yields of 0.42%, 0.63% and 0.15% respectively.

What is the debt to equity ratio for Bharat Dynamics, Bharat Electronics and Astra Microwave Products?

Ans. Bharat Dynamics carries a debt to equity of 0.00, Bharat Electronics of 0.00, and Astra Microwave Products of 0.22.

Which of the three trades at the highest price to book value?

Ans. Bharat Dynamics, Bharat Electronics and Astra Microwave Products trade at price to book ratios of 10.12, 12.11 and 12.09 respectively.

Is one of Bharat Dynamics, Bharat Electronics or Astra Microwave Products better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.