Return Trends At Paras Defence and Space Technologies (NSE:PARAS) Aren't Appealing
Jan 29
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Indian (NIFTY) Aerospace & Defense Industry Analysis
UpdatedJan 28, 2026
DataAggregated Company Financials
Companies24
- 7D0.8%
- 3M-5.5%
- 1Y29.4%
- YTD-0.3%
The Aerospace & Defense is pretty flat in the last 7 days, but Bharat Electronics has stood out, gaining 13%. As for the the longer term, the industry is up 29% over the past 12 months. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Indian Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | ₹8.3t | ₹857.4b | ₹185.7b | 51.9x | 44.9x | 9.7x |
| Sat, 27 Dec 2025 | ₹8.4t | ₹856.3b | ₹185.6b | 55.5x | 45.3x | 9.8x |
| Mon, 24 Nov 2025 | ₹8.8t | ₹846.1b | ₹186.1b | 58x | 47x | 10.3x |
| Wed, 22 Oct 2025 | ₹9.0t | ₹810.7b | ₹178.9b | 55.5x | 50.1x | 11x |
| Fri, 19 Sep 2025 | ₹9.0t | ₹810.7b | ₹178.9b | 58.3x | 50.5x | 11.1x |
| Sun, 17 Aug 2025 | ₹8.4t | ₹810.0b | ₹178.7b | 55.3x | 47x | 10.4x |
| Tue, 15 Jul 2025 | ₹9.1t | ₹796.6b | ₹179.9b | 72.3x | 50.8x | 11.5x |
| Thu, 12 Jun 2025 | ₹9.3t | ₹796.2b | ₹179.8b | 70.2x | 51.8x | 11.7x |
| Sat, 10 May 2025 | ₹7.8t | ₹782.7b | ₹181.2b | 59.8x | 43x | 9.9x |
| Mon, 07 Apr 2025 | ₹7.0t | ₹782.3b | ₹181.1b | 52.9x | 38.9x | 9x |
| Wed, 05 Mar 2025 | ₹5.9t | ₹782.3b | ₹181.1b | 44.4x | 32.8x | 7.6x |
| Fri, 31 Jan 2025 | ₹6.5t | ₹734.5b | ₹170.4b | 64.4x | 38.4x | 8.9x |
| Sun, 29 Dec 2024 | ₹6.9t | ₹733.3b | ₹170.3b | 64.6x | 40.5x | 9.4x |
| Tue, 26 Nov 2024 | ₹6.7t | ₹730.7b | ₹170.0b | 56.8x | 39.3x | 9.2x |
| Thu, 24 Oct 2024 | ₹6.5t | ₹709.4b | ₹161.9b | 60.9x | 40.3x | 9.2x |
| Sat, 21 Sep 2024 | ₹6.8t | ₹709.0b | ₹161.8b | 74x | 41.9x | 9.6x |
| Mon, 19 Aug 2024 | ₹7.5t | ₹709.0b | ₹161.8b | 82.1x | 46.2x | 10.6x |
| Wed, 17 Jul 2024 | ₹8.3t | ₹693.9b | ₹149.5b | 87.8x | 55.8x | 12x |
| Fri, 14 Jun 2024 | ₹7.0t | ₹693.9b | ₹149.5b | 64.1x | 47.1x | 10.2x |
| Sun, 12 May 2024 | ₹5.5t | ₹631.4b | ₹124.9b | 59.3x | 43.7x | 8.6x |
| Tue, 09 Apr 2024 | ₹5.2t | ₹631.5b | ₹124.9b | 61.1x | 41.7x | 8.3x |
| Thu, 07 Mar 2024 | ₹4.8t | ₹631.5b | ₹124.9b | 61.1x | 38.8x | 7.7x |
| Sat, 03 Feb 2024 | ₹4.5t | ₹620.4b | ₹120.7b | 64.6x | 37.1x | 7.2x |
| Mon, 01 Jan 2024 | ₹4.4t | ₹618.7b | ₹117.6b | 58.9x | 37.1x | 7x |
| Wed, 29 Nov 2023 | ₹3.6t | ₹625.8b | ₹118.9b | 46.4x | 30x | 5.7x |
| Fri, 27 Oct 2023 | ₹3.1t | ₹612.2b | ₹114.4b | 45.6x | 26.7x | 5x |
| Sun, 24 Sep 2023 | ₹3.3t | ₹606.8b | ₹113.3b | 50.2x | 28.8x | 5.4x |
| Tue, 22 Aug 2023 | ₹3.1t | ₹606.8b | ₹113.3b | 49.5x | 27.5x | 5.1x |
| Thu, 20 Jul 2023 | ₹3.1t | ₹602.5b | ₹108.5b | 40.8x | 28.6x | 5.1x |
| Sat, 17 Jun 2023 | ₹2.9t | ₹600.6b | ₹108.1b | 33.9x | 26.8x | 4.8x |
| Mon, 15 May 2023 | ₹2.3t | ₹612.2b | ₹105.1b | 28.4x | 22x | 3.8x |
| Wed, 12 Apr 2023 | ₹2.2t | ₹586.1b | ₹107.8b | 26.5x | 20.3x | 3.7x |
| Fri, 10 Mar 2023 | ₹2.1t | ₹586.1b | ₹107.8b | 25.6x | 19.9x | 3.7x |
| Sun, 05 Feb 2023 | ₹2.0t | ₹589.4b | ₹106.8b | 27.2x | 18.4x | 3.3x |
Price to Earnings Ratio
18.4x
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 44.9x which is higher than its 3-year average PE of 38.4x.
- The 3-year average PS ratio of 8.1x is lower than the industry's current PS ratio of 9.7x.
Past Earnings Growth
- The earnings for companies in the Aerospace & Defense industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 13% 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 | -0.64% | |
| Industrials | -0.91% | |
| Aerospace & Defense | 0.83% | |
| Aerospace and Defense | 0.83% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500049 Bharat Electronics | ₹453.40 | 12.6% +₹372.1b | 69.7% | PE58.2x | |
| HAL Hindustan Aeronautics | ₹4.62k | 8.6% +₹243.8b | 25.0% | PE36.5x | |
| MAZDOCK Mazagon Dock Shipbuilders | ₹2.51k | 7.5% +₹70.3b | 6.4% | PE43.3x | |
| BDL Bharat Dynamics | ₹1.57k | 10.6% +₹55.3b | 27.7% | PE88x | |
| GRSE Garden Reach Shipbuilders & Engineers | ₹2.52k | 10.8% +₹28.0b | 63.8% | PE46.8x |
