Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Aerospace & Defense Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies24
  • 7D0.4%
  • 3M-2.0%
  • 1Y35.0%
  • YTD0.1%

Over the last 7 days, the Aerospace & Defense industry has remained flat, although notably Bharat Electronics gained 5.4%. The past year has been better, since the industry has gained 35% in that time. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the Indian Aerospace & Defense Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026₹8.7t₹889.7b₹193.5b54.5x44.7x9.7x
Mon, 02 Feb 2026₹8.5t₹877.1b₹188.5b53.5x45x9.7x
Wed, 31 Dec 2025₹8.3t₹856.3b₹185.6b57.5x44.5x9.6x
Fri, 28 Nov 2025₹8.6t₹846.2b₹186.1b61.4x46.3x10.2x
Sun, 26 Oct 2025₹8.9t₹810.7b₹178.9b56.1x50x11x
Tue, 23 Sep 2025₹9.0t₹810.7b₹178.9b57.7x50.2x11.1x
Thu, 21 Aug 2025₹8.3t₹810.0b₹178.7b58.5x46.2x10.2x
Sat, 19 Jul 2025₹8.8t₹796.6b₹179.9b69.6x48.8x11x
Mon, 16 Jun 2025₹9.3t₹796.2b₹179.8b71.9x51.6x11.6x
Wed, 14 May 2025₹8.2t₹783.1b₹181.3b61.2x45x10.4x
Fri, 11 Apr 2025₹6.8t₹782.3b₹181.1b50.5x37.5x8.7x
Sun, 09 Mar 2025₹6.3t₹782.3b₹181.1b49.2x34.7x8x
Tue, 04 Feb 2025₹6.2t₹750.7b₹175.0b60.5x35.7x8.3x
Thu, 02 Jan 2025₹6.9t₹735.4b₹170.9b74.1x40.3x9.4x
Sat, 30 Nov 2024₹7.1t₹731.1b₹170.2b60x41.8x9.7x
Mon, 28 Oct 2024₹6.4t₹715.4b₹164.9b62.4x39.1x9x
Wed, 25 Sep 2024₹6.9t₹709.0b₹161.8b73.3x42.6x9.7x
Fri, 23 Aug 2024₹7.4t₹709.0b₹161.8b82x45.5x10.4x
Sun, 21 Jul 2024₹7.7t₹693.9b₹149.5b83.3x51.5x11.1x
Tue, 18 Jun 2024₹7.7t₹693.9b₹149.5b72.7x51.2x11x
Thu, 16 May 2024₹5.8t₹631.4b₹124.9b68.5x46.3x9.2x
Sat, 13 Apr 2024₹5.3t₹631.5b₹124.9b59.7x42.7x8.4x
Mon, 11 Mar 2024₹5.0t₹631.5b₹124.9b62x39.6x7.8x
Wed, 07 Feb 2024₹4.5t₹620.4b₹120.7b63.7x36.9x7.2x
Fri, 05 Jan 2024₹4.4t₹618.7b₹117.6b58.5x37.8x7.2x
Sun, 03 Dec 2023₹3.7t₹618.7b₹117.6b52.8x31.7x6x
Tue, 31 Oct 2023₹3.1t₹613.9b₹116.0b47.3x26.8x5.1x
Thu, 28 Sep 2023₹3.3t₹606.8b₹113.3b51.6x28.8x5.4x
Sat, 26 Aug 2023₹3.2t₹606.8b₹113.3b53.1x28.4x5.3x
Mon, 24 Jul 2023₹3.1t₹602.5b₹108.5b41.1x28.7x5.2x
Wed, 21 Jun 2023₹2.9t₹600.6b₹108.1b39.3x27.2x4.9x
Fri, 19 May 2023₹2.4t₹612.5b₹105.1b30.3x22.7x3.9x
Sun, 16 Apr 2023₹2.2t₹586.1b₹107.8b26.8x20.4x3.8x
Tue, 14 Mar 2023₹2.1t₹586.1b₹107.8b24.9x19.3x3.5x
Price to Earnings Ratio

19.3x


Total Market Cap: ₹2.1tTotal Earnings: ₹107.8bTotal Revenue: ₹586.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Aerospace & Defense Industry Price to Earnings3Y Average 39.2x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Aerospace & Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 43.4x which is higher than its 3-year average PE of 39.2x.
  • The 3-year average PS ratio of 8.4x is lower than the industry's current PS ratio of 9.4x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Industrials industry?

IN Market-3.41%
Industrials-3.63%
Aerospace & Defense0.43%
Aerospace and Defense0.43%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
500049 Bharat Electronics₹468.355.4%
+₹174.7b		69.1%PE57.4x
MAZDOCK Mazagon Dock Shipbuilders₹2.47k11.1%
+₹99.6b		5.7%PE41.4x
HAL Hindustan Aeronautics₹4.02k2.8%
+₹73.9b		16.6%PE30.2x
BDL Bharat Dynamics₹1.36k7.2%
+₹33.5b		19.5%PE85.8x
DATAPATTNS Data Patterns (India)₹3.49k8.8%
+₹15.7b		114.4%PE79.1x

Latest News

500049
₹468.35
Bharat Electronics
7D
5.4%
1Y
69.1%
DATAPATTNS
₹3,491.20
Data Patterns (India)
7D
8.8%
1Y
114.4%

DATAPATTNS: Stable Outlook With Upcoming Q3 Results Expected To Shape Multiple

Analysts have kept their ₹3,040.68 price target for Data Patterns (India) unchanged, citing small adjustments in assumptions around discount rate, revenue growth, profit margins and future P/E as the key drivers behind the refreshed view. What's in the News A board meeting is scheduled for February 5, 2026, to consider and approve the unaudited financial results for the third quarter ended December 31, 2025 (company filing).
530929
₹830.20
RRP Defense
7D
-1.0%
1Y
n/a
MAZDOCK
₹2,471.90
Mazagon Dock Shipbuilders
7D
11.1%
1Y
5.7%
TECHERA
₹186.45
TechEra Engineering (India)
7D
-2.3%
1Y
34.0%
AEQUS
₹137.85
Aequs
7D
-2.6%
1Y
n/a

Long-Term Supply Chain Shift To India Will Support Integrated Aerospace Cluster Potential

Catalysts About Aequs Aequs is a precision manufacturing company with vertically integrated clusters in India and facilities in France and the U.S., supplying complex components to global aerospace and consumer brands. What are the underlying business or industry changes driving this perspective?
533339
₹1,425.75
Zen Technologies
7D
4.9%
1Y
13.6%

533339: Defence Orders And Training Patents Will Support Future Upside

Analysts have held Zen Technologies' fair value estimate steady at ₹1,654, while slightly revising assumptions such as the future P/E to 35.06x. This reflects minor tweaks to growth, margin and discount rate inputs rather than a change in overall conviction.
HAL
₹4,023.70
Hindustan Aeronautics
7D
2.8%
1Y
16.6%

HAL: Upcoming Dividend Payout Will Support Confidence In Future Returns

Analysts have trimmed their price target on Hindustan Aeronautics from about ₹5,560 to roughly ₹5,260, citing updated assumptions around a slightly higher discount rate, a revised revenue growth outlook, a different profit margin profile, and a lower future P/E multiple. What's in the News The board declared a first interim dividend of ₹35 per equity share with a face value of ₹5 each, equal to about 7x the face value, for the 2025-26 financial year.
PARAS
₹749.35
Paras Defence and Space Technologies
7D
17.5%
1Y
55.2%
APOLLO
₹220.27
Apollo Micro Systems
7D
-7.4%
1Y
81.5%
523606
₹975.80
Sika Interplant Systems
7D
-0.7%
1Y
97.5%
539661
₹101.00
Ace Men Engg Works
7D
-3.1%
1Y
19.0%
C2C
₹339.90
C2C Advanced Systems
7D
-0.3%
1Y
16.5%
BDL
₹1,356.70
Bharat Dynamics
7D
7.2%
1Y
19.5%

Bharat Dynamics (NSE:BDL) Is Increasing Its Dividend To ₹4.50

Feb 08
Bharat Dynamics (NSE:BDL) Is Increasing Its Dividend To ₹4.50
GRSE
₹2,523.20
Garden Reach Shipbuilders & Engineers
7D
3.7%
1Y
82.2%

Do Garden Reach Shipbuilders & Engineers' (NSE:GRSE) Earnings Warrant Your Attention?

Jan 31
Do Garden Reach Shipbuilders & Engineers' (NSE:GRSE) Earnings Warrant Your Attention?
544684
₹89.80
Digilogic Systems
7D
-1.9%
1Y
n/a