Aerospace & Defense industry
28 companies · ₹8.4 L cr · 12 with AI deep dives
5y revenue CAGR
median 17.21%(p25 8.25% · p75 34.81%)
5y avg ROCE
median 14.46%(p25 10.65% · p75 21.31%)
Debt / equity
median 0.17x(p25 0.07x · p75 0.33x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindBroad-based revenue growth across the sector on rising defence outlays9 managements
Nine of twelve covered companies reported double-digit revenue growth in FY26, ranging from HAL's 7% (constrained by LCA delivery delays) to Rossell's 87%. Managements broadly…
- BEL (FY26): “the revenue from operations has increased to INR27,480 crores in '25-'26 as compared to…”
tailwind7 managements🔒headwind5 managements🔒headwind4 managements🔒mixed3 managements🔒tailwind5 managements🔒headwind5 managements🔒
6 more themes from this quarter's earnings calls are locked. A free account opens the full brief: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →
| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Hindustan Aeronautics Ltd | ₹3.1 L cr | Unlock | capex coming onlineearnings quality strongcapex ahead of revenuegross block efficient | |
| Bharat Electronics Ltd | ₹2.8 L cr | Unlock | roce compoundergross block efficient | |
| Bharat Dynamics Ltd | ₹46,590 cr | Unlock | capex coming onlineearnings quality strongcapex ahead of revenuecyclical high volatility | |
| Garden Reach Shipbuilders & Engineers Ltd | ₹29,930 cr | Unlock | roce compoundergross block efficient | |
| Data Patterns (India) Ltd | ₹24,525 cr | Unlock | capex coming onlinecapex intensity elevatedgross block efficient | |
| MTAR Technologies Ltd | ₹16,782 cr | Unlock | cyclical high volatilitycapex intensity elevated | |
| Astra Microwave Products Ltd | ₹16,166 cr | Unlock | gross block efficient | |
| Aequs Ltd | ₹15,368 cr | Unlock | capex intensity elevated | |
| Zen Technologies Ltd | ₹14,810 cr | Unlock | net cashcyclical high volatilitygross block efficient | |
| Apollo Micro Systems Ltd | ₹14,045 cr | Unlock | latent operating leveragecapex coming onlinecapex intensity elevated | |
| Paras Defence and Space Technologies Ltd | ₹9,571 cr | Unlock | earnings quality weaknet cashgross block efficient | |
| Mishra Dhatu Nigam Ltd | ₹7,360 cr | Unlock | capital destroyercyclical high volatility | |
| AXISCADES Technologies Ltd | ₹6,344 cr | Unlock | earnings quality strongdeleveraginggross block efficient | |
| Unimech Aerospace and Manufacturing Ltd | ₹6,008 cr | Unlock | capex intensity elevated | |
| Avantel Ltd | ₹4,250 cr | Unlock | latent operating leveragecyclical high volatilitycapex intensity elevated | |
| Ideaforge Technology Ltd | ₹3,659 cr | Unlock | capex coming onlinecapex intensity elevated | |
| Rossell Techsys Ltd | ₹3,456 cr | Unlock | roce compoundergross block efficient | |
| Sika Interplant Systems Ltd | ₹2,389 cr | Unlock | cyclical high volatilitygross block efficient | |
| NIBE Ltd | ₹2,233 cr | Unlock | capex coming onlinedeleveragingcapex intensity elevated | |
| Jaykay Enterprises Ltd | ₹2,102 cr | Unlock | capex coming onlinenet cashcyclical high volatilitycapex intensity elevated | |
| DCX Systems Ltd | ₹1,993 cr | Unlock | latent operating leverageearnings quality weakcapex intensity elevated | |
| Cff Fluid Control Ltd | ₹1,948 cr | Unlock | roce compoundernet cashcapex intensity elevatedgross block efficient | |
| Krishna Defence & Allied Industries Ltd | ₹1,812 cr | Unlock | roce compounderearnings quality strongnet cashgross block efficient | |
| Taneja Aerospace & Aviation Ltd | ₹760 cr | Unlock | earnings quality strongcyclical high volatilitygross block underutilised | |
| C2C Advanced Systems Ltd | ₹441 cr | Unlock | capex coming onlinegross block efficient | |
| Apsis Aerocom Ltd | ₹364 cr | Unlock | roce compoundernet cashcapex intensity elevated | |
| Digilogic Systems Ltd | ₹344 cr | Unlock | earnings quality strongnet cashgross block efficient | |
| Techera Engineering India Ltd | ₹237 cr | Unlock | earnings quality strongcapex intensity elevatedgross block underutilised | |
| Millworks Technologies Ltd | ₹0 cr | Unlock |