Aerospace & Defense sector
15 companies · ₹8.0 L cr · 9 with AI deep dives
5y revenue CAGR
median 15.79%(p25 9.35% · p75 33.33%)
5y avg ROCE
median 13.79%(p25 11.72% · p75 18.52%)
Debt / equity
median 0.19x(p25 0.12x · p75 0.38x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindSector-wide order book expansion on India defence capex cycle7 managements
Seven of nine companies reported record or multi-year-high order inflows in FY26, reflecting sustained government defence allocation. HAL received ₹97,028 crores in new orders…
- HAL (FY26): “The order book of the company further improved to INR2,54,538 crores against the previous…”
headwind5 managements🔒headwind5 managements🔒tailwind4 managements🔒headwind4 managements🔒tailwind2 managements🔒
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| 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 | |
| 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 | |
| Ideaforge Technology Ltd | ₹3,659 cr | Unlock | capex coming onlinecapex intensity elevated | |
| DCX Systems Ltd | ₹1,993 cr | Unlock | latent operating leverageearnings quality weakcapex intensity elevated |