Defence sector stocks in India
Today's session opens at 9:15 am IST. Until the first update after the open, the figures below are from the last session, Tuesday 13 October 2026.
Last refreshed .
The defence sector at a glance: how its index is performing, how many of its 28 tracked stocks are in uptrends, how it is valued, and which companies lead and lag.
Breadth and returns as of the 13 Oct 2026 close
Index trend: Weak Downtrend
The Nifty Defence index has returned -6.0% over one month, -1.7% over three months and +13.5% over a year, and is currently in a weak downtrend.
Of the 28 defence stocks we track, 69% trade above their 200-day moving average and 50% above their 50-day average; 1 made a new 52-week high in the latest session.
The median P/E of profitable defence companies with market cap above ₹500 Cr is 79.3, with a median ROE of 12.8%.
Nifty Defence index performance
Index close
9,250.50
+1.41% on 13 Oct
Return 1 month
-6.00%
Return 3 months
-1.74%
Return 6 months
+13.13%
Return 1 year
+13.47%
Breadth: how many defence stocks are trending up · 13 Oct close
Stocks tracked
28
Above 20-DMA
64.3%
Above 50-DMA
50.0%
Above 200-DMA
69.2%
Average RSI
52.2
Median 3M return
-0.7%
52-week highs / lows
1 / 0
Breakouts / breakdowns
1 / 1
Technical breakdown of the defence sector →
Best 1-month performers
| Stock | 1M | Score |
|---|---|---|
| JAYKAYJaykay Enterprises Limited | +32.5% | 76 |
| ROSSTECHRossell Techsys Limited | +27.9% | 82 |
| SIGMAADVSIGMA ADVANCED SYSTEMS LIMITED | +26.8% | 65 |
| UNIMECHUnimech Aerospace and Manufacturing Limited | +16.9% | 81 |
| AEQUSAequs Limited | +15.3% | 78 |
| KRISHNADEFKrishna Defence and Allied Industries Limited | +12.2% | 72 |
| KAVDEFENCEKavveri Defence & Wireless Technologies Limited | +12.2% | 76 |
| AXISCADESAXISCADES Technologies Limited | +11.6% | 72 |
Weakest 1-month performers
| Stock | 1M | Score |
|---|---|---|
| COCHINSHIPCochin Shipyard Limited | -16.8% | 13 |
| DATAPATTNSData Patterns (India) Limited | -13.3% | 32 |
| GRSEGarden Reach Shipbuilders & Engineers Limited | -12.1% | 9 |
| PARASParas Defence and Space Technologies Limited | -11.1% | 33 |
| MAZDOCKMazagon Dock Shipbuilders Limited | -11.0% | 20 |
| DCXINDIADCX Systems Limited | -8.2% | 10 |
| NIBENIBE Limited | -6.4% | 37 |
| BELBharat Electronics Limited | -6.2% | 25 |
Largest defence companies by market cap
Close and day move on 13 Oct; valuations from the latest filings.
Across 27 defence companies above ₹500 Cr: median P/E 79.3, median ROE 12.8%, median 3-year sales growth 17%.
| # | Company | Close | Day | Market cap | P/E | ROE | Debt/Eq | Sales CAGR 3Y | Return 6M |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Hindustan Aeronautics LimitedHAL · Aerospace & Defense | ₹4,869.00 | +2.29% | ₹325,627 Cr | 34.93 | 22.7% | 0.00 | +7.0% | +11.6% |
| 2 | Bharat Electronics LimitedBEL · Aerospace & Defense | ₹380.00 | +1.63% | ₹277,772 Cr | 45.19 | 25.6% | 0.00 | +16.0% | -16.6% |
| 3 | Mazagon Dock Shipbuilders LimitedMAZDOCK · Ship Building & Allied Services | ₹2,120.00 | +4.59% | ₹85,517 Cr | 29.97 | 29.3% | 0.05 | +18.0% | -17.3% |
| 4 | Bharat Dynamics LimitedBDL · Aerospace & Defense | ₹1,125.90 | +3.39% | ₹41,271 Cr | 79.28 | 12.3% | 0.00 | -1.0% | -17.2% |
| 5 | Cochin Shipyard LimitedCOCHINSHIP · Ship Building & Allied Services | ₹1,265.00 | +2.68% | ₹33,280 Cr | 48.94 | 11.6% | 0.28 | +29.0% | -15.6% |
| 6 | Garden Reach Shipbuilders & Engineers LimitedGRSE · Aerospace & Defense | ₹2,140.50 | +2.81% | ₹24,520 Cr | 30.62 | 30.5% | 0.01 | +40.0% | -17.9% |
| 7 | Data Patterns (India) LimitedDATAPATTNS · Aerospace & Defense | ₹4,142.70 | +1.46% | ₹23,192 Cr | 86.75 | 15.4% | 0.00 | +27.0% | +18.7% |
| 8 | SIGMA ADVANCED SYSTEMS LIMITEDSIGMAADV · Aerospace & Defense | ₹1,005.30 | +4.53% | ₹19,094 Cr | 114.76 | — | — | — | +429.6% |
| 9 | Aequs LimitedAEQUS · Aerospace & Defense | ₹265.10 | -0.30% | ₹17,360 Cr | — | — | — | — | +65.4% |
| 10 | Astra Microwave Products LimitedASTRAMICRO · Aerospace & Defense | ₹1,673.90 | -0.94% | ₹15,893 Cr | 84.06 | 14.4% | 0.22 | +13.0% | +55.8% |
| 11 | Swan Defence and Heavy Industries LimitedSWANDEF · Ship Building & Allied Services | ₹2,968.20 | +1.27% | ₹15,637 Cr | — | -35.5% | 1.80 | +347.0% | +52.9% |
| 12 | Apollo Micro Systems LimitedAPOLLO · Aerospace & Defense | ₹407.05 | +1.41% | ₹15,126 Cr | 131.42 | 8.8% | 0.41 | +45.0% | +68.1% |
| 13 | Zen Technologies LimitedZENTEC · Aerospace & Defense | ₹1,652.70 | +2.65% | ₹14,865 Cr | 59.50 | 13.2% | 0.01 | +46.0% | +8.4% |
| 14 | Paras Defence and Space Technologies LimitedPARAS · Aerospace & Defense | ₹1,291.60 | -0.08% | ₹10,409 Cr | 108.50 | 13.2% | 0.04 | +29.0% | +66.3% |
| 15 | Unimech Aerospace and Manufacturing LimitedUNIMECH · Aerospace & Defense | ₹1,833.10 | +2.00% | ₹9,331 Cr | 129.74 | 9.8% | 0.17 | +37.0% | +99.4% |
| 16 | AXISCADES Technologies LimitedAXISCADES · Aerospace & Defense | ₹2,086.90 | +2.65% | ₹8,876 Cr | — | — | 0.53 | +12.0% | +16.1% |
| 17 | Mishra Dhatu Nigam LimitedMIDHANI · Aerospace & Defense | ₹437.15 | -0.30% | ₹8,190 Cr | 60.56 | 8.8% | 0.27 | +12.0% | +19.6% |
| 18 | Cyient DLM LimitedCYIENTDLM · Aerospace & Defense | ₹1,011.20 | +3.28% | ₹8,026 Cr | 97.75 | 8.1% | 0.17 | +15.0% | +200.9% |
| 19 | Centum Electronics LimitedCENTUM · Aerospace & Defense | ₹4,100.80 | +1.03% | ₹6,045 Cr | 73.11 | 24.1% | 0.36 | +1.0% | +34.7% |
| 20 | Rossell Techsys LimitedROSSTECH · Aerospace & Defense | ₹1,542.80 | -1.86% | ₹5,838 Cr | 226.88 | 16.6% | 2.64 | — | +60.8% |
Compare defence leaders
Hindustan Aeronautics vs Bharat ElectronicsHindustan Aeronautics vs Bharat DynamicsBharat Electronics vs Bharat DynamicsMazagon Dock vs Cochin ShipyardMazagon Dock vs Swan DefenceCochin Shipyard vs Swan Defence
