Defence Stocks

Defence stocks represent companies involved in national security, manufacturing weapons, and aerospace technology. These firms benefit from government contracts and tend to be resilient during economic downturns.

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List of Best Defence Stocks to Invest in 2024

Name
Price
Analyst Rating
M Cap
Target Price
Alpha
1Y Return
3Y Return
5Y Return
PE
Industry PE
PB
Beta
Div Yld
Net Profit Qtr
Net Profit QoQ %
Net Profit YoY %
Net Profit 3Y Change %
Rev Qtr (in Cr)
Rev QoQ (in %)
Rev 1Y change %
Rev 3Y change %
Profit Mar Qtr
Profit Mar QoQ
Profit Mar 1Y Change%
Profit Mar 3Y Change%
Sector
M Cap
ROE
ROCE
EPS
Volume
imgBharat Electronics Ltd

₹288.65

BUYLARGE CAP330.7490.02%114.21%331.66%624.7%46.4851.069.161.731.09%1083.88 Cr38.78%34.1%90.55%4604.98.51%14.29%43.66%19.45%27.89%17.34%32.64%Consumer Cyclical208255.627.1%33.71%5.3918720310
imgSolar Industries India Ltd

₹10,398.75

BUYMID CAP11446.2560.35%95.52%334.51%880.04%101.7251.0633.891.090.1%300.54 Cr23.83%7.9%203.83%1694.785.22%-12.32%141.27%14.42%17.68%23.06%25.93%Basic Materials92571.3328.99%34.17%96.7166012
imgBharat Dynamics Ltd

₹1,115.85

BUYMID CAP1502.298.55%122.87%438.72%570.78%51.068.831.09NAIndustrials39783.0317.89%12.04%314525
imgCochin Shipyard Ltd

₹1,527.25

HOLDMID CAP897.5194.5%221.32%758.25%663.7%46.7851.062.281.310.59%174.24 Cr-32.69%157.06%28.69%771.47-40.01%61.99%35.88%20.45%12.2%58.68%-5.3%Industrials39388.4517.21%21.44%59.55510173
imgGarden Reach Shipbuilders & Engineers Ltd

₹1,610.50

HOLDSMALL CAP1303.591.1%117.24%612.93%570.76%51.065.241.57NAIndustrials18494.4223.14%26.95%380591
imgBEML Ltd

₹4,063.00

BUYSMALL CAP484274.11%97.65%151.59%309.49%59.1151.065.031.650.65%-70.47 Cr-127.44%78.46%310.15%634.08-58.11%3.98%12.72%6.95%-165.51%71.62%263.86%Industrials16953.9311.24%12.1%67.45234667
imgData Patterns (India) Ltd

₹2,443.25

HOLDSMALL CAP3080.83.73%31.28%223.61%223.61%51.0610.240.99NAAerospace & Defence13547.2814.59%18.98%368497
imgZen Technologies Ltd

₹1,878.65

BUYSMALL CAP2033.33135.85%162.56%781.17%2521.98%99.551.0617.711.01NA79.49 Cr111.47%159.16%4575.09%254.6280.08%100.98%705%29.44%17.43%28.94%480.76%Technology17013.8633.47%47.46%15.41386483
imgAstra Microwave Products Ltd

₹801.70

BUYSMALL CAP979.7545.48%74.8%243.56%955.56%56.3851.065.841.540.34%7.2 Cr-86.76%73.38%319.65%155.18-56.16%11.44%41.8%13.32%-69.81%55.58%195.94%Communication Services7515.3713.94%16.89%12.75153272
imgLarsen & Toubro Ltd

₹3,626.35

BUYLARGE CAP3997.79-2.74%24.27%99.73%149.71%36.8680.328.051.40.9%4112.81 Cr19.55%23.33%20.63%61554.5811.67%20.6%62.61%7.04%7.06%2.26%-25.81%Real Estate498064.413.69%15.37%113.267637083
imgMishra Dhatu Nigam Ltd

₹339.75

HOLDSMALL CAP480-42.29%-13.78%74.14%95.88%81.4751.065.591.620.36%5.29 Cr-88.58%-41.26%-44.85%156.05-60.3%23.02%31.9%8.56%-71.24%-52.26%-58.19%Industrials6245.927%7.02%4.9417161
imgMTAR Technologies Ltd

₹1,675.80

BUYSMALL CAP1688-60.7%-32.86%-5.13%54.81%133.8551.067.650.78NA18.77 Cr323.7%-45.75%21.79%187.0848.48%1.22%135.67%9.66%185.37%-46.4%-48.32%Industrials5139.478.67%11.62%18.24125939
imgParas Defence and Space Technologies Ltd

₹1,061.50

SMALL CAP30.94%57.82%26.83%115.55%91.2751.065.91.18NA12.7 Cr-9.99%-16.42%90.25%87.094.21%13.97%76.86%11.85%-13.63%-26.66%7.57%Industrials4198.68.82%12.46%7.7396406
imgDCX Systems Ltd

₹349.10

BUYSMALL CAP494.5-7.49%21.94%13.18%13.18%51.8751.062.931.47NA2.94 Cr-91.08%5.72%156.36%138.08-81.5%13.56%122.03%5.32%-51.78%-6.9%15.46%Aerospace & Defence3945.318.08%9.26%6.8856924
imgApollo Micro Systems Ltd

₹102.55

BUYSMALL CAP146-23.67%6.21%778%976.08%58.651.065.290.730.05%15.73 Cr86.6%66.01%203.51%160.7176.22%24.91%83.01%8.37%5.89%32.91%65.85%Technology3107.197.01%11.97%1.11328152
imgHindustan Aeronautics Ltd

₹4,288.00

BUYLARGE CAP5252.42107.26%131.1%543.65%1001.95%34.7951.067.661.591.05%1437.14 Cr-66.65%30.77%134.81%4347.5-70.56%12.83%32.77%25.08%13.31%15.9%76.86%Industrials284008.6828.9%26.24%113.951137221
imgIdeaforge Technology Ltd

₹575.50

BUYSMALL CAP801-54.66%-27.19%-55.56%-55.56%193.1251.064.450.84NA-13.73 Cr-1273.5%41.51%-409.43%37.1-56.96%68.81%804.38%14.42%-2826.26%-16.17%-134.21%Aerospace & Defence2464.569.69%12.49%10.56208724
imgNIBE Ltd

₹1,879.95

SMALL CAP234.09%262.57%4096.32%26378.17%95.0451.06110.190.08%7.88 Cr-24.45%1065.41%110.06-27.67%167.65%6.57%4.46%335.42%Consumer Cyclical2351.2518.05%19.52%14.119406
imgRossell India Ltd

₹90.79

SMALL CAP-108.15%-80.38%-43.02%44.11%24.7451.064.530.740.08%2.43 Cr-116.32%-53.96%-61.32%73.2515.57%3.69%13.77%3.47%-114.12%-55.6%-66%Industrials539.824.52%6.35%3.3819702
imgCFF Fluid Control Ltd

₹654.40

SMALL CAP33.68%55.77%256.14%256.14%51.066.320.66NAAerospace & Defence1213.7222.65%23.99%2400
imgTaneja Aerospace & Aviation Ltd

₹420.75

SMALL CAP57.02%81.09%425.8%1701.93%84.4851.061.281.04%4.09 Cr18.21%1.27%78.94%10.1210.72%-4.74%-12.08%36.67%6.76%6.31%103.52%Industrials1072.559.27%12.6%4.3614580
imgSika Interplant Systems Ltd

₹2,619.80

SMALL CAP94.31%124.17%318.33%1370.76%49.6651.066.250.770.66%6.19 Cr17.46%120.25%63.51%33.249.27%76.69%33%18.26%7.49%24.66%22.94%Industrials1099.7720.7%26.39%45.651985
imgKrishna Defence & Allied Industries Ltd

₹714.90

SMALL CAP108.73%137.23%807.81%807.81%51.064.91.13NA84.72%67.21%9.2%10.47%Aerospace & Defence979.1613.29%16.94%7.1447500
imgMazagon Dock Shipbuilders Ltd

₹4,107.95

HOLDMID CAP332485.9%112.91%1378.74%2289.04%35.736.741.62NA665.94 Cr6.24%72.92%298.9%2357.02-24.06%20.94%133.87%19.11%39.89%42.98%70.56%Industrials82282.4637.86%45.38%89.69998563

What are Defence Stocks?

Defence stocks represent companies involved in the production, development, and distribution of military equipment, technology, and services. These stocks offer investors a chance to participate in industries crucial for national security. With a focus on resilience, innovation, and global demand, investing in defence stocks can provide stability and growth potential to portfolios.

Overview of Best Defence Stocks in India as per Analyst Ratings and Market Capitalisation

In the domain of defence shares in India, several key players have emerged, offering diverse investment options. Here is a list of the top defence stocks that are recommended for investment.

Bharat Electronics 

Founded in 1954, Bharat Electronics Limited (BEL) is a Navratna Public Sector Undertaking (PSU) specialising in manufacturing advanced electronic products for the Indian Defence. BEL produces a range of defence equipment and systems, including defence communication devices, electronic warfare systems, land-based radars, naval systems, C4I systems, weapon systems, and avionics.

BEL's non-defence operations cover various sectors such as cybersecurity, e-mobility, railways, e-governance systems, homeland security, civilian radars, turnkey projects, components or devices, and telecom and broadcast systems.

The company has subsidiaries and joint ventures with local and international firms, providing a wide array of products like electronic voting machines, radar transmitters, sonar-based technology, and ballistic missile systems.

Hindustan Aeronautics Limited (HAL)

Established in December 1940, Hindustan Aeronautics Limited (HAL) is a major aerospace and defence company based in Bangalore, India. HAL is involved in the design, development, manufacture, repair, overhaul, upgrade, and service of various products, including aircraft, aero engines, avionics, helicopters, accessories, and aerospace structures.

HAL's product lineup includes various aircraft such as the HAWK, Su-30 MKI, Light Combat Aircraft (LCA), Dornier, Intermediate Jet Trainer (IJT), and HTT-40. The company also manufactures helicopters like the Dhruv, Chetak, Cheetah, Lancer, Light Combat Helicopters (LCH), Cheetah, and Light Utility Helicopters (LUH).

Additionally, HAL offers inertial navigation systems, auto stabilisers, laser range systems, flight data recorders, radio navigation equipment, communication equipment, and airborne secondary radars.

Bharat Dynamics Limited (BDL)

Founded on July 16, 1970, Bharat Dynamics Limited (BDL) is a PSU under the Ministry of Defence, headquartered in Hyderabad, Telangana. BDL serves as the manufacturing base for guided missile systems and related equipment for the Indian Armed Forces. The company operates four manufacturing units, with three located in Telangana (Hyderabad, Bhanur, and Ibrahimpatnam) and one in Andhra Pradesh (Visakhapatnam).

BDL is among the few companies globally with advanced facilities for producing and supplying guided missiles, underwater weapons, airborne products, and other allied defence equipment. The company also provides product life cycle support and refurbishment or life extension services for vintage missiles.

Mazagon Dock Shipbuilders

Located in Mumbai, Mazagon Dock Shipbuilders is a leading shipbuilding yard in India. Established as a private company in 1934, it came under government control in 1960. Since then, it has constructed 802 vessels, including 28 warships ranging from advanced destroyers to missile boats and seven submarines. The company specialises in constructing and repairing ships, submarines, and other engineering products.

MDL has also delivered various types of ships such as cargo ships, supply vessels, passenger ships, water tankers, multipurpose support vessels, tugs, and dredgers for customers in India and abroad. Additionally, MDL has fabricated and supplied jackets, main decks of wellhead platforms, jack-up rigs, and more.

Cochin Shipyard

Incorporated in 1972, Cochin Shipyard Limited (CSL) has become a leading player in the Indian shipbuilding and ship repair industry over the past three decades. CSL can construct and repair the largest vessels in India. The company is involved in building various types of vessels and providing repair and refitting services, including upgrades, periodic layup repairs, and extending the lifespan of ships.

Cochin Shipyard’s shipbuilding products include defence vessels such as aircraft carriers, hydrographic survey vessels, fast patrol vessels, offshore patrol vessels, and pollution control vessels. It also offers ship repair services for both defence and commercial ships, marine engineering training, and various other facilities.

FAQ's

  • Resilience: Defence spending tends to remain steady or even increase during economic downturns, making these stocks potentially less volatile than cyclical companies.
     
  • Stable Income: Defence companies often prioritise consistent dividend payouts, offering investors a regular stream of income.
     
  • Growth Potential: Advancements in technology and increasing global security concerns can lead to growth opportunities for defence firms.
     
  • Strategic Importance: Governments prioritise a strong defence sector, potentially leading to continued support and investment in these companies
  • Geopolitical Dependence: Defence spending can fluctuate based on global political climates and international relations.
     
  • Technological Disruption: Rapid advancements in military technology can make certain defence products obsolete, impacting profitability.
     
  • Public Scrutiny: The defence industry can sometimes face public criticism, potentially leading to negative press and stock price declines.
     
  • Lower Growth Potential: Defence stocks may offer slower growth compared to companies in high-growth sectors.

 

pen_spark

  • Government Contracts: Look for companies with a strong track record of securing lucrative government contracts.
     
  • Diversification: Consider companies across various defence sub-sectors (aerospace, weapons systems, etc.) to mitigate risk.
     
  • Financial Health: Evaluate a company's financial stability, profitability, and debt levels.
     
  • Innovation: Companies investing in cutting-edge defence technologies can be positioned for future growth.

Several factors can impact the performance of defence stocks, including government defence budgets, geopolitical tensions, technological advancements, and contracts or orders from domestic and international clients. Company-specific factors such as financial health, management, and production capabilities also play a significant role.

Defence stocks can be relatively stable due to consistent government spending on defence. However, like any investment, they come with risks, such as changes in government policy, delays in contract execution, and geopolitical changes. It is essential to research and consider these factors before investing.

You can invest in defence stocks in India by opening a trading account with INDmoney and buying shares through the stock exchange. Alternatively, you can invest through mutual funds or exchange-traded funds (ETFs) that focus on the defence sector.

Government policies significantly impact defence stocks. Policies that increase defence budgets, promote local manufacturing, and streamline procurement processes can positively affect these stocks. Conversely, budget cuts or restrictive policies can have a negative impact.

Check More Stocks

Name
Price
M Cap
Alpha
1Y Return
3Y Return
5Y Return
PE
Industry PE
Beta
Net Profit Qtr
Net Profit QoQ %
Net Profit YoY %
Net Profit 3Y Change %
Rev Qtr (in Cr)
Rev QoQ (in %)
Rev 1Y change %
Rev 3Y change %
Profit Mar Qtr
Profit Mar QoQ
Profit Mar 1Y Change%
Profit Mar 3Y Change%
Sector
M Cap
ROE
ROCE
EPS
Volume
imgAdani Power Ltd

₹597.35

LARGE CAP35.58%60.17%473.82%734.29%19.1628.891.733297.52 Cr-15.72%94.18%1540.09%13338.88-10.81%29.86%92.02%41.37%-5.51%49.53%754.11%Utilities228600.7755.41%30.81%542434391
imgTata Motors Ltd

₹843.45

LARGE CAP6.38%32.52%72.89%389.81%9.5836.211.075692 Cr-67.53%1082.46%-344.36%107316-9.98%26.58%75.32%7.26%-63.93%834.16%-239.39%Consumer Cyclical307013.1219.5%14.69%82.9911904413
imgAdani Wilmar Ltd

₹343.95

MID CAP-18.94%8.86%28.22%28.22%45.5139.580.96281.91 Cr-9.54%-69.17%-73.83%14460.452.06%-11.9%38.21%0.33%-11.36%-65.01%-81.06%Edible Oil44981.883.42%9.6%1.311996743
imgInfosys Ltd

₹1,760.85

LARGE CAP2.04%28.52%3.71%148.36%27.0537.640.746516 Cr2.23%8.88%35.14%409864.25%4.7%52.95%17.08%-1.94%3.99%-11.64%Technology72963636.58%45.07%63.377395236
imgTata Steel Ltd

₹149.75

LARGE CAP0.44%26.8%13.99%265.96%-44.1725.071.46918.57 Cr65.64%-160.8%-159.95%54412.35-6.9%-5.83%46.63%-2.14%77.92%-164.56%-140.88%Industrials185455.287.79%13.67%-3.9426383702
imgYes Bank Ltd

₹20.71

MID CAP1.45%29.03%58.7%-68.69%35.115.691.28566.59 Cr9.8%74.66%-136.84%9225.452.55%23.98%42.4%3.9%7.08%40.88%-125.87%Financial Services63950.742.45%NA0.4560815651
imgZomato Ltd

₹248.99

LARGE CAP112.12%131.51%87.99%97.61%292.930.76176 Cr-30.43%-136.15%-142.99%479914.1%71.13%507.58%2.9%-39.03%-121.12%-107.08%Technology213618.575.15%5.18%0.436737366
imgITC Ltd

₹490.30

LARGE CAP-13.46%13.72%117.33%88.03%29.8130.410.625054.43 Cr-2.37%6.54%55.06%20581.5712.22%-0.08%43.85%29.28%-13%6.63%7.79%Consumer Defensive611473.7629.21%37.4%16.627810874
imgWipro Ltd

₹551.35

LARGE CAP16.74%43.71%-15.67%114.87%24.5337.641.063226.6 Cr6.26%-2.24%2.25%22301.61.54%-0.8%44.93%12.38%4.65%-1.45%-29.45%Technology288680.8615.13%19.03%21.277840047
imgHDFC Bank Ltd

₹1,737.30

LARGE CAP-10.17%17.64%8.13%40.46%19.0915.690.9917825.91 Cr8.2%39.27%101.24%121456.743.81%99.35%161.73%15.7%4.23%-30.13%-23.11%Financial Services1324474.1916.88%NA86.1511447956

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