Aerospace & Defence stocks in India
Every listed aerospace & defence company on NSE and BSE in our database, largest first, with its valuation, profitability, latest quarterly growth, one-year return and next results date.
There are 32 listed companies in the Aerospace & Defence industry on NSE and BSE in our database, 24 of them with full financials.
The largest by market capitalisation are Hindustan Aeronautics Limited (₹326,028 Cr), Bharat Electronics Limited (₹266,441 Cr), Bharat Dynamics Limited (₹38,581 Cr).
Among the 23 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 74.1 and the median return on equity is 13.2%.
Fastest sales growth in the latest quarter (year on year, above ₹500 Cr): Ideaforge Technology +428%, Bharat Dynamics +131%, Apollo Micro +88%.
Next to report results: Apollo Micro on 24 Oct, Aequs on 26 Oct, Avantel on 26 Oct.
Aerospace & Defence companies by market cap
| # | Company | Market cap | P/E | ROE | Qtr sales YoY | Qtr profit YoY | Return 1Y | Next results |
|---|---|---|---|---|---|---|---|---|
| 1 | Hindustan Aeronautics LimitedHAL | ₹326,028 Cr | 34.98 | 22.7% | +14.4% | +14.9% | +0.6% | — |
| 2 | Bharat Electronics LimitedBEL | ₹266,441 Cr | 43.35 | 25.6% | +25.6% | +8.8% | -10.7% | 30 Oct |
| 3 | Bharat Dynamics LimitedBDL | ₹38,581 Cr | 74.11 | 12.3% | +130.8% | +547.4% | -29.9% | — |
| 4 | Garden Reach Shipbuilders & Engineers LimitedGRSE | ₹22,404 Cr | 27.98 | 30.5% | +38.5% | +44.0% | -25.3% | — |
| 5 | Data Patterns (India) LimitedDATAPATTNS | ₹21,843 Cr | 81.70 | 15.4% | +17.2% | -15.2% | +44.7% | — |
| 6 | Aequs LimitedAEQUS | ₹16,093 Cr | — | — | +54.5% | -1430.7% | — | 26 Oct |
| 7 | SIGMA ADVANCED SYSTEMS LIMITEDSIGMAADV | ₹15,620 Cr | 93.88 | — | — | — | — | — |
| 8 | Astra Microwave Products LimitedASTRAMICRO | ₹14,647 Cr | 77.47 | 14.4% | -11.5% | -24.1% | +44.3% | — |
| 9 | Apollo Micro Systems LimitedAPOLLO | ₹14,444 Cr | 125.49 | 8.8% | +88.1% | +42.6% | +33.5% | 24 Oct |
| 10 | Zen Technologies LimitedZENTEC | ₹14,051 Cr | 56.24 | 13.2% | -10.5% | -40.0% | +14.2% | — |
| 11 | Paras Defence and Space Technologies LimitedPARAS | ₹9,712 Cr | 101.24 | 13.2% | +37.3% | +45.3% | +71.3% | — |
| 12 | AXISCADES Technologies LimitedAXISCADES | ₹8,342 Cr | — | — | +42.2% | — | +22.4% | — |
| 13 | Unimech Aerospace and Manufacturing LimitedUNIMECH | ₹7,933 Cr | 110.30 | 9.8% | +70.8% | +46.7% | +64.0% | 27 Oct |
| 14 | Mishra Dhatu Nigam LimitedMIDHANI | ₹7,153 Cr | 52.89 | 8.8% | +40.5% | +28.6% | -1.2% | — |
| 15 | Cyient DLM LimitedCYIENTDLM | ₹6,008 Cr | 71.55 | 7.9% | +26.5% | +5.8% | +72.0% | — |
| 16 | Centum Electronics LimitedCENTUM | ₹5,783 Cr | 69.95 | 24.1% | -25.3% | +2257.0% | +55.0% | — |
| 17 | Rossell Techsys LimitedROSSTECH | ₹5,141 Cr | 199.80 | 16.6% | +77.1% | +116.5% | +104.5% | — |
| 18 | Avantel LimitedAVANTEL | ₹3,772 Cr | 219.56 | 5.1% | +35.7% | +67.2% | -27.1% | 26 Oct |
| 19 | Ideaforge Technology LimitedIDEAFORGE | ₹3,379 Cr | 990.67 | 0.6% | +427.6% | +89.2% | +42.0% | 02 Nov |
| 20 | Jaykay Enterprises LimitedJAYKAY | ₹2,711 Cr | 13.56 | — | +14536.6% | — | — | — |
| 21 | NIBE LimitedNIBE | ₹1,865 Cr | — | -3.6% | -23.6% | -1250.7% | -8.4% | — |
| 22 | Krishna Defence and Allied Industries LimitedKRISHNADEF | ₹1,634 Cr | 38.00 | 22.2% | -14.7% | +22.2% | +37.0% | — |
| 23 | DCX Systems LimitedDCXINDIA | ₹1,551 Cr | — | -1.3% | -53.6% | -313.4% | -40.6% | — |
| 24 | Kavveri Defence & Wireless Technologies LimitedKAVDEFENCE | ₹496 Cr | — | — | -63.1% | -212.1% | -40.5% | — |
| 25 | Apsis Aerocom LimitedAPSISAERO | — | — | — | — | — | — | — |
| 26 | C2C Advanced Systems LimitedC2C | — | — | — | — | — | — | — |
| 27 | CFF Fluid Control LtdBSE: 543920 | — | — | — | — | — | — | — |
| 28 | Digilogic Systems LtdBSE: 544684 | — | — | — | — | — | — | 26 Oct |
| 29 | Sika InterplantSIKA | — | — | — | — | — | — | — |
| 30 | Sika Interplant Systems LtdBSE: 523606 | — | — | — | — | — | — | — |
| 31 | Taneja Aerospace & Aviation LtdBSE: 522229 | — | — | — | — | — | — | — |
| 32 | TechEra Engineering (India) LimitedTECHERA | — | — | — | — | — | — | — |
P/E "n/m" means the company made a loss over the last four quarters. Quarterly growth compares the latest quarter with the same quarter a year earlier. "—" means the figure is not available.
Upcoming aerospace & defence results
Frequently asked questions
Which are the largest aerospace & defence stocks in India?
By market capitalisation: Hindustan Aeronautics Limited (₹326,028 Cr), Bharat Electronics Limited (₹266,441 Cr), Bharat Dynamics Limited (₹38,581 Cr), Garden Reach Shipbuilders & Engineers Limited (₹22,404 Cr), Data Patterns (India) Limited (₹21,843 Cr).
How many aerospace & defence companies are listed in India?
32 companies listed on NSE and BSE are classified in the Aerospace & Defence industry on this page, which merges the exchanges' and data vendors' labels for the same business.
What is the average P/E of aerospace & defence stocks?
The median P/E of profitable aerospace & defence companies worth more than ₹500 Cr is 74.1, based on trailing-twelve-month profit and the latest close.
When do aerospace & defence companies announce their results?
Upcoming board meetings for results: Apollo Micro Systems Limited on 24 Oct 2026; Aequs Limited on 26 Oct 2026; Avantel Limited on 26 Oct 2026; Digilogic Systems Ltd on 26 Oct 2026; Unimech Aerospace and Manufacturing Limited on 27 Oct 2026.
