Analysis Article • May 21
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Indian (NIFTY) Aerospace and Defense Industry Analysis
UpdatedMay 22, 2026
DataAggregated Company Financials
Companies26
- 7D-2.7%
- 3M3.1%
- 1Y-7.4%
- YTDn/a
Over the last 7 days, the Aerospace and Defense industry has dropped 2.7%, driven by Hindustan Aeronautics declining 5.2%. In contrast, Apollo Micro Systems has gained 17%. However, the industry is down 7.4% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Indian Aerospace and Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | ₹8.7t | ₹917.8b | ₹200.0b | 53.5x | 43.6x | 9.5x |
| Sun, 19 Apr 2026 | ₹9.0t | ₹889.8b | ₹193.6b | 56.5x | 46.7x | 10.2x |
| Tue, 17 Mar 2026 | ₹8.2t | ₹889.6b | ₹193.5b | 52.1x | 42.4x | 9.2x |
| Thu, 12 Feb 2026 | ₹8.4t | ₹883.0b | ₹189.4b | 56.2x | 44.4x | 9.5x |
| Sat, 10 Jan 2026 | ₹8.6t | ₹856.3b | ₹185.6b | 54.9x | 46.2x | 10x |
| Mon, 08 Dec 2025 | ₹8.5t | ₹846.2b | ₹186.1b | 56.1x | 45.4x | 10x |
| Wed, 05 Nov 2025 | ₹8.7t | ₹823.7b | ₹182.4b | 56.6x | 47.8x | 10.6x |
| Fri, 03 Oct 2025 | ₹8.9t | ₹810.7b | ₹178.9b | 54.1x | 49.5x | 10.9x |
| Sun, 31 Aug 2025 | ₹8.0t | ₹810.0b | ₹178.7b | 55.5x | 44.9x | 9.9x |
| Tue, 29 Jul 2025 | ₹8.5t | ₹795.2b | ₹179.3b | 64.9x | 47.3x | 10.7x |
| Thu, 26 Jun 2025 | ₹9.1t | ₹796.3b | ₹179.8b | 70.4x | 50.9x | 11.5x |
| Sat, 24 May 2025 | ₹9.2t | ₹788.6b | ₹183.3b | 60.6x | 50x | 11.6x |
| Mon, 21 Apr 2025 | ₹7.3t | ₹782.3b | ₹181.1b | 56.7x | 40.1x | 9.3x |
| Wed, 19 Mar 2025 | ₹6.4t | ₹782.3b | ₹181.1b | 48.3x | 35.5x | 8.2x |
| Fri, 14 Feb 2025 | ₹6.2t | ₹796.5b | ₹189.5b | 52.7x | 32.7x | 7.8x |
| Sun, 12 Jan 2025 | ₹6.6t | ₹735.4b | ₹170.9b | 71x | 38.5x | 8.9x |
| Tue, 10 Dec 2024 | ₹7.4t | ₹731.1b | ₹170.2b | 65.3x | 43.5x | 10.1x |
| Thu, 07 Nov 2024 | ₹6.9t | ₹726.6b | ₹167.5b | 66.6x | 41.3x | 9.5x |
| Sat, 05 Oct 2024 | ₹6.6t | ₹709.4b | ₹161.9b | 69.2x | 40.9x | 9.3x |
| Mon, 02 Sep 2024 | ₹7.2t | ₹709.0b | ₹161.8b | 81.5x | 44.6x | 10.2x |
| Wed, 31 Jul 2024 | ₹8.0t | ₹701.0b | ₹151.9b | 90.2x | 52.3x | 11.3x |
| Fri, 28 Jun 2024 | ₹7.9t | ₹693.9b | ₹149.5b | 81.2x | 52.7x | 11.3x |
| Sun, 26 May 2024 | ₹7.3t | ₹686.4b | ₹144.7b | 66.4x | 50.7x | 10.7x |
| Tue, 23 Apr 2024 | ₹5.4t | ₹631.5b | ₹124.9b | 60.2x | 43.3x | 8.6x |
| Thu, 21 Mar 2024 | ₹4.4t | ₹631.5b | ₹124.9b | 61.5x | 35.1x | 6.9x |
| Sat, 17 Feb 2024 | ₹4.5t | ₹631.5b | ₹124.9b | 65.7x | 36.3x | 7.2x |
| Mon, 15 Jan 2024 | ₹4.5t | ₹618.7b | ₹117.6b | 62.7x | 38.4x | 7.3x |
| Wed, 13 Dec 2023 | ₹4.0t | ₹618.7b | ₹117.6b | 58.8x | 34.4x | 6.5x |
| Fri, 10 Nov 2023 | ₹3.3t | ₹615.4b | ₹117.1b | 42.1x | 28.4x | 5.4x |
| Sun, 08 Oct 2023 | ₹3.3t | ₹606.8b | ₹113.3b | 47.6x | 29x | 5.4x |
| Tue, 05 Sep 2023 | ₹3.3t | ₹606.8b | ₹113.3b | 57x | 29.4x | 5.5x |
| Thu, 03 Aug 2023 | ₹3.1t | ₹606.7b | ₹110.2b | 43.4x | 27.8x | 5.1x |
| Sat, 01 Jul 2023 | ₹2.9t | ₹600.6b | ₹108.2b | 37x | 26.8x | 4.8x |
| Mon, 29 May 2023 | ₹2.4t | ₹623.0b | ₹110.9b | 31x | 21.3x | 3.8x |
Price to Earnings Ratio
21.3x
Current Industry PE
- Investors are relatively neutral on the Indian Aerospace and Defense industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 40.9x.
- The industry is trading close to its 3-year average PS ratio of 8.8x.
Past Earnings Growth
- The earnings for companies in the Aerospace and Defense industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Aerospace and Defense compare with similar industries?
| IN Market | -0.16% | |
| Industrials | 0.36% | |
| Aerospace & Defense | -2.74% | |
| Aerospace and Defense | -2.74% | |
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 | |
|---|---|---|---|---|---|
| APOLLO Apollo Micro Systems | ₹355.05 | 20.5% +₹22.7b | 154.9% | PE118.2x | |
| AEQUS Aequs | ₹212.48 | 4.9% +₹6.7b | n/a | PS12.8x | |
| DATAPATTNS Data Patterns (India) | ₹3.97k | 2.4% +₹5.2b | 46.0% | PE81.9x | |
| PARAS Paras Defence and Space Technologies | ₹812.00 | 7.8% +₹4.7b | -0.8% | PE74.3x | |
| 533339 Zen Technologies | ₹1.59k | 2.6% +₹3.6b | -15.7% | PE74.4x |
