What are the defence stocks in India?

Defence stocks in India refer to shares of companies involved in designing, manufacturing, and maintaining military equipment and defence-related systems. These companies operate across areas such as aerospace, shipbuilding, weapons and ammunition, defence electronics, radars, and support services.

What are the best defence stocks in India?

As of 9th December 2025, some of the top defence sector stocks in India, as per market cap include: Hindustan Aeronautics Ltd Bharat Dynamics Ltd Data Patterns (India) Ltd Paras Defence and Space Technologies Ltd Unimech Aerospace and Manufacturing Ltd Disclaimer: The above list of defence stocks in India is for educational purposes only and should not be considered investment advice.

How to evaluate defence sector stocks?

Investors may consider exploring the defence stocks list with Tickertape Stock Screener, which comes with more than 200 filters and can assist in comparing these companies based on various parameters and metrics.

Who can consider defence stocks?

Defence stocks may appeal to investors interested in companies linked to national security and technological advancements in the defence sector. However, it is important to do thorough research and consult a financial advisor before investing in these stocks. Disclaimer: This information is for educational purposes only and should not be considered investment advice.

Do defence shares typically offer dividends?

Dividend payouts typically depend on a company’s financial performance and profit trends. Some defence sector companies have recorded net profits in the past, which may enable them to pay dividends. It is important for investors to review the dividend track record and financial disclosures of individual companies for more context. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Can defence sector stocks be considered as long-term investments in India?

Defence-related stocks in India have seen renewed interest due to factors such as government spending, indigenisation initiatives, and changing geopolitical dynamics. However, their future performance depends on various factors, including policy stability, technological capabilities, and global demand shifts. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Is it a good time to invest in defence stocks?

The timing of defence sector investments depends on multiple factors such as government budget allocations, order inflows, project execution progress, and overall market conditions. The sector often moves in cycles based on procurement activity and policy direction. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

How risky are defence stocks?

Defence stocks carry sector-specific risks linked to dependence on government orders, long project execution periods, regulatory controls, and working capital requirements. Delays in approvals, cost overruns, or changes in defence policy can affect the defence share price.

Defence Stocks: List of Defence Sector Stocks in India

India’s defence manufacturing base has expanded steadily from a largely import-dependent setup to a growing export-oriented industry. Over the past decade, India’s defence exports have crossed ₹21,000 cr., reflecting rising global acceptance of Indian-made platforms, systems, and components.

Top Defence Stocks in India (2025)

Aerospace & Defense Equipments Stock Screener

Aerospace & Defense Equipments Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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	NameStocks (14)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1D Return1D Return↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓	↓Dividend YieldDiv Yield↓	↓Debt to EquityDebt to Equity↓	↓Volatility vs NiftyVolatility vs Nifty↓
1.	Hindustan Aeronautics Ltd HAL	Aerospace & Defense EquipmentsAerospace & Defense Equipments	2,87,740.442,87,740.44	4,302.504,302.50	34.4034.40	-0.42-0.42	-11.44-11.44	-13.19-13.19	-7.68-7.68	8.228.22	26.0926.09	17.5117.51	0.930.93	0.000.00	2.502.50
2.	Bharat Dynamics Ltd BDL	Aerospace & Defense EquipmentsAerospace & Defense Equipments	51,681.6551,681.65	1,409.901,409.90	94.0394.03	-0.25-0.25	-8.34-8.34	-24.64-24.64	14.9114.91	12.8912.89	14.3814.38	10.2010.20	0.330.33	0.000.00	3.433.43
3.	Data Patterns (India) Ltd DATAPATTNS	Aerospace & Defense EquipmentsAerospace & Defense Equipments	14,523.3614,523.36	2,594.202,594.20	65.4865.48	-0.36-0.36	-6.02-6.02	-11.46-11.46	-0.27-0.27	9.639.63	15.6615.66	19.6819.68	0.300.30	0.000.00	4.094.09
4.	Aequs Ltd AEQUS	Aerospace & Defense EquipmentsAerospace & Defense Equipments	9,862.149,862.14	151.43151.43	-96.36-96.36	0.000.00	8.168.16	0.090.09	0.090.09	13.7713.77	-13.37-13.37	-2.51-2.51	--	1.101.10	0.000.00
5.	Paras Defence and Space Technologies Ltd PARAS	Aerospace & Defense EquipmentsAerospace & Defense Equipments	5,378.805,378.80	667.45667.45	84.7584.75	0.040.04	-5.29-5.29	-15.51-15.51	21.6121.61	8.458.45	11.7511.75	14.0214.02	0.070.07	0.040.04	4.154.15
6.	Unimech Aerospace and Manufacturing Ltd UNIMECH	Aerospace & Defense EquipmentsAerospace & Defense Equipments	4,801.914,801.91	944.20944.20	57.5357.53	0.240.24	-7.05-7.05	-22.42-22.42	-31.39-31.39	7.187.18	21.4721.47	14.8814.88	--	0.130.13	3.593.59
7.	Rossell Techsys Ltd ROSSTECH	Aerospace & Defense EquipmentsAerospace & Defense Equipments	2,539.612,539.61	673.70673.70	321.06321.06	-0.10-0.10	0.720.72	72.4172.41	23.9323.93	19.0119.01	6.086.08	19.6419.64	0.030.03	1.801.80	4.264.26
8.	Sika Interplant Systems Ltd SIKA	Aerospace & Defense EquipmentsAerospace & Defense Equipments	1,964.471,964.47	926.60926.60	77.5277.52	-0.71-0.71	-11.96-11.96	-26.02-26.02	65.8265.82	15.8515.85	22.2922.29	26.0826.08	0.260.26	0.000.00	5.135.13
9.	ideaForge Technology Ltd IDEAFORGE	Aerospace & Defense EquipmentsAerospace & Defense Equipments	1,840.011,840.01	425.40425.40	-29.54-29.54	0.240.24	-9.30-9.30	-23.30-23.30	-34.19-34.19	3.023.02	-9.81-9.81	-9.63-9.63	--	0.030.03	4.294.29
10.	Nibe Ltd NIBE	Aerospace & Defense EquipmentsAerospace & Defense Equipments	1,594.411,594.41	1,099.501,099.50	59.1259.12	9.999.99	-16.35-16.35	-42.50-42.50	-30.97-30.97	7.097.09	13.7613.76	15.9915.99	0.110.11	0.290.29	4.214.21
11.	CFF Fluid Control Ltd CFF	Aerospace & Defense EquipmentsAerospace & Defense Equipments	1,185.881,185.88	565.00565.00	49.7249.72	-1.63-1.63	-14.91-14.91	-9.70-9.70	-23.92-23.92	8.028.02	17.4217.42	23.0123.01	0.160.16	0.140.14	3.293.29
12.	Taneja Aerospace and Aviation Ltd TANAA	Aerospace & Defense EquipmentsAerospace & Defense Equipments	773.81773.81	303.45303.45	42.8042.80	2.452.45	-5.67-5.67	-18.95-18.95	-35.75-35.75	5.445.44	13.2613.26	15.6115.61	0.820.82	0.000.00	3.593.59
13.	High Energy Batteries (India) Ltd HIGHENE	Aerospace & Defense EquipmentsAerospace & Defense Equipments	491.35491.35	550.00550.00	32.0532.05	1.161.16	-4.11-4.11	-20.15-20.15	-20.10-20.10	4.934.93	16.3716.37	21.4521.45	0.550.55	0.110.11	4.084.08
14.	TechEra Engineering (India) Ltd TECHERA	Aerospace & Defense EquipmentsAerospace & Defense Equipments	357.93357.93	216.65216.65	106.84106.84	-1.43-1.43	-10.62-10.62	1.551.55	-4.58-4.58	7.187.18	10.1710.17	10.7910.79	--	0.410.41	4.424.42

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Aerospace & Defense Equipments | Market Cap: Sorted from Highest to Lowest

Overview of Top Defence Stocks in India

Hindustan Aeronautics Ltd

Hindustan Aeronautics Ltd (HAL) is among the oldest and biggest aerospace companies in the defence sector in India, established in 1940. Its main activities include design and development, manufacturing and servicing of aircraft, helicopters, engines and ancillary systems. HAL is the backbone of India’s defence and offers advanced technology solutions for military and commercial users.

Bharat Dynamics Ltd

Bharat Dynamics Ltd, established in 1970, is a leading manufacturer of guided missile systems in India. Bharat Dynamics is among the defence companies in India that produces a wide range of defence equipment, including surface-to-air missiles, anti-tank guided missiles and underwater weapons for the Indian Armed Forces.

Data Patterns (India) Ltd

Data Patterns (India) Ltd designs and manufactures modern electronics for the defence and aerospace industries. Its products include avionics, radar and communication devices. Focused on meeting the tough demands of military and civilian customers, the company pursues reliability and superior performance in critical defence and space applications.

Paras Defence and Space Technologies Ltd

Paras Defence and Space Technologies Ltd, established in 2009, is into the design, development and manufacturing of defence and space engineering products. The company offers defence electronics, defence optics and space imaging components for various military and space applications.

Unimech Aerospace and Manufacturing Ltd

Unimech Aerospace and Manufacturing Ltd provides precision engineering solutions for aerospace, defence and automotive sectors. Specialising in high-quality machining, assembly and testing, Unimech manufactures critical aerospace components. The company supports the production of complex parts, including those for aircraft systems.

What are Defence Stocks?

Defence stocks in India are shares of companies that make equipment, technology, and systems used by the Indian Army, Navy, and Air Force. These companies work in areas such as aircraft and helicopters, warships and submarines, weapons and ammunition, radars and communication systems, and defence electronics.

Future of the Defence Industry in India

In 2024, India is one of the top 5 largest defence spenders globally. However, after the rise of programs like ‘Atmanirbhar Bharat’ and ‘Make in India’, India started focusing on Indian companies and reduced foreign defence imports. The country also wants to strengthen their defence manufacturing industry through these initiatives and develop its independence. Not just that, given the national security concerns, India had to make such a decision. By the end of 2025, the Indian Government is looking to achieve a turnover of $26 bn in the defence industry. This target turnover includes export revenue of $5 bn as well.

How to Invest in Defence Sector Stocks?

Investing in best defence stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in defence stocks:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for Stocks in Defence Manufacturing Industry: Go to Tickertape Stock Screener and search for the ‘Aerospace & Defense Equipments’ sector.
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio.
Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
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Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

About Defence Sector

Under the Atmanirbhar Bharat programme, the government continues to promote domestic defence production to reduce dependence on imports. Key focus areas include aerospace, defence electronics, naval systems, and armaments. In July 2025, the Defence Acquisition Council approved defence procurement proposals worth ₹1.05 lakh cr. under the “Buy (Indian–IDDM)” category, which supports equipment designed and manufactured within India. These approvals cover systems such as armoured recovery vehicles, electronic warfare platforms, missile systems, naval mine counter-measure equipment, and autonomous underwater vessels, allowing these projects to move into the next stage of contracting and production.

Union Budget 2025-26 Allocations for the Defence Sector

Total Defence Budget Allocation: The Union Budget 2025-26 allocates ₹6.81 lakh cr. to the Ministry of Defence. This marks a 9.53% rise from the previous year. Defence spending now makes up about 13.45% of the total Union Budget, keeping it the largest allocation among all ministries. The government continues to prioritise military readiness, infrastructure, and domestic production.
Capital Outlay for Defence Modernisation: The government has allocated ₹1.80 lakh cr. for capital spending to purchase new defence equipment and technology. Out of this, ₹1.12 lakh cr. will go to Indian defence manufacturers. As a result, nearly 62% of defence procurement will come from domestic sources, supporting indigenisation and private sector participation.
Revenue Expenditure : The Defence Services will receive ₹3.11 lakh cr. as revenue expenditure. This amount covers salaries, routine maintenance, fuel, logistics, and daily operational requirements of the armed forces. This funding supports continuous operations across the Army, Navy, and Air Force.
Border Roads Organisation (BRO) Funding: The Border Roads Organisation will receive ₹7,146 cr. under capital allocation. This funding will support road and bridge construction in border regions and remote areas. These projects improve troop mobility and strengthen logistics supply lines.
Defence Research and Development (R&D): The government has announced a 12% increase in Defence R&D funding for 2025&26. This funding will support the development of advanced weapons systems and emerging defence technologies. However, the government has not yet published the exact rupee amount for Defence R&D in public budget summaries.

Advantages of Investing in Defence Stocks

Long-Term Demand Visibility

Defence sector stocks benefit from steady demand because national security needs remain ongoing across the Army, Navy, and Air Force. Large defence projects often span several years, which creates longer order cycles and revenue visibility for manufacturers once contracts move into execution.

Technological Advancements

Defence technology stocks are at the forefront of innovation. By investing in these companies, you can get exposure to the latest technologies and developments in aerospace, cybersecurity and advanced weaponry.

Government Support

Government initiatives focused on indigenisation and local sourcing continue to expand the role of Indian defence companies. Policies under programmes such as Atmanirbhar Bharat support domestic production in areas like aerospace, defence electronics, weapons systems, and shipbuilding.

High Entry Barriers

The defence sector operates under strict security norms, complex technology requirements, and long approval timelines. These conditions limit the number of participants and reduce competitive pressure for established companies.

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Risks of Investing in Defence Stocks

Dependence on Government Orders

Defence companies rely heavily on orders from the central government. Any delay in approvals, changes in procurement priorities, or shifts in budget allocation can directly affect order flow and revenue visibility.

Long Project Execution Cycles

Many defence contracts involve complex design, testing, and certification processes. These long execution timelines can lead to delays in revenue recognition and affect stock performance during slow project phases.

High Capital Expenditure

Significant capital is typically required for research, development, and manufacturing in defence. Delays or cost overruns may impact profitability, cash flow management, and overall financial resilience over project cycles.

Regulatory Risks

Companies in this sector operate under strict regulatory frameworks. Any change in defence procurement policies, export controls, or compliance rules may affect business operations and contract performance over time.

Technology and Obsolescence Risk

Rapid changes in defence technology can reduce the relevance of existing systems. Companies must continuously invest in research and upgrades to stay competitive, which adds to long-term cost pressure.

Factors to Consider Before Investing in Defence Stocks

Order Book

Defence companies depend on long-term government contracts. The size of the confirmed order book and the pace at which companies execute these orders influence revenue stability and cash flows over time.

Government Policy

Defence spending depends on annual budget allocations and procurement policies. Changes in defence budgets, indigenisation rules, or import restrictions can affect business volumes across the sector.

Exposure to Defence Segments

Companies operate across different segments such as aerospace, shipbuilding, weapons systems, electronics, and maintenance services. The segment mix shapes revenue patterns, risk exposure, and growth stability.

Project Timelines

Defence projects often face design changes, testing delays, and certification processes. A company’s history of delivering projects on schedule offers context on execution reliability.

Research and Technology Capabilities

The defence sector evolves with advancing technology. Companies with in-house research capacity and access to advanced platforms usually adapt better to changing equipment and warfare needs.

To Wrap Up

Defence sector companies operate in a sector shaped by long-term government spending, national security priorities, and complex project execution cycles. Business performance in this space depends on factors such as order inflows, execution capability, policy support, export activity, and financial strength. At the same time, regulatory controls, dependence on government contracts, and long development timelines add layers of uncertainty.

That’s why it’s important for investors to evaluate defence stocks in India before investing. With over 200 filters on Tickertape Stock Screener, you can conduct thorough research and analyse defence sector stocks based on various parameters.

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Frequently Asked Questions on Defence Stocks

What are the defence stocks in India?
Defence stocks in India refer to shares of companies involved in designing, manufacturing, and maintaining military equipment and defence-related systems. These companies operate across areas such as aerospace, shipbuilding, weapons and ammunition, defence electronics, radars, and support services.
What are the best defence stocks in India?
As of 9th December 2025, some of the top defence sector stocks in India, as per market cap include:
Disclaimer: The above list of defence stocks in India is for educational purposes only and should not be considered investment advice.
How to evaluate defence sector stocks?
Investors may consider exploring the defence stocks list with Tickertape Stock Screener, which comes with more than 200 filters and can assist in comparing these companies based on various parameters and metrics.
Who can consider defence stocks?
Defence stocks may appeal to investors interested in companies linked to national security and technological advancements in the defence sector. However, it is important to do thorough research and consult a financial advisor before investing in these stocks.
Disclaimer: This information is for educational purposes only and should not be considered investment advice.
Do defence shares typically offer dividends?
Dividend payouts typically depend on a company’s financial performance and profit trends. Some defence sector companies have recorded net profits in the past, which may enable them to pay dividends. It is important for investors to review the dividend track record and financial disclosures of individual companies for more context.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Can defence sector stocks be considered as long-term investments in India?
Defence-related stocks in India have seen renewed interest due to factors such as government spending, indigenisation initiatives, and changing geopolitical dynamics. However, their future performance depends on various factors, including policy stability, technological capabilities, and global demand shifts.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Is it a good time to invest in defence stocks?
The timing of defence sector investments depends on multiple factors such as government budget allocations, order inflows, project execution progress, and overall market conditions. The sector often moves in cycles based on procurement activity and policy direction.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
How risky are defence stocks?
Defence stocks carry sector-specific risks linked to dependence on government orders, long project execution periods, regulatory controls, and working capital requirements. Delays in approvals, cost overruns, or changes in defence policy can affect the defence share price.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.