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Indian (NIFTY) Aerospace and Defense Industry Analysis
UpdatedMar 09, 2026
DataAggregated Company Financials
Companies24
- 7D5.1%
- 3M5.8%
- 1Y35.9%
- YTDn/a
In the last week, the Aerospace and Defense industry is up 5.1%, with Bharat Electronics up 5.4%. Meanwhile, Apollo Micro Systems actually underperformed within the industry, shrinking 7.4% in the last week. This takes the industry's 12 month performance to a gain of 36%. 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 |
|---|---|---|---|---|---|---|
| Mon, 09 Mar 2026 | ₹8.7t | ₹889.6b | ₹193.5b | 54.5x | 44.7x | 9.7x |
| Wed, 04 Feb 2026 | ₹8.7t | ₹876.3b | ₹188.5b | 54.1x | 45.9x | 9.9x |
| Fri, 02 Jan 2026 | ₹8.4t | ₹856.3b | ₹185.6b | 57.5x | 45.1x | 9.8x |
| Sun, 30 Nov 2025 | ₹8.6t | ₹846.2b | ₹186.1b | 62.4x | 46.5x | 10.2x |
| Tue, 28 Oct 2025 | ₹8.8t | ₹810.0b | ₹178.8b | 55.2x | 49.4x | 10.9x |
| Thu, 25 Sep 2025 | ₹8.8t | ₹810.7b | ₹178.9b | 55.5x | 49.2x | 10.9x |
| Sat, 23 Aug 2025 | ₹8.3t | ₹810.0b | ₹178.7b | 63.1x | 46.3x | 10.2x |
| Mon, 21 Jul 2025 | ₹8.8t | ₹796.6b | ₹179.9b | 69.6x | 48.8x | 11x |
| Wed, 18 Jun 2025 | ₹9.4t | ₹796.2b | ₹179.8b | 73.6x | 52.3x | 11.8x |
| Fri, 16 May 2025 | ₹8.6t | ₹781.3b | ₹179.0b | 68x | 48.1x | 11x |
| Sun, 13 Apr 2025 | ₹6.9t | ₹782.3b | ₹181.1b | 51.3x | 38.3x | 8.9x |
| Tue, 11 Mar 2025 | ₹6.2t | ₹782.3b | ₹181.1b | 47.5x | 34.2x | 7.9x |
| Thu, 06 Feb 2025 | ₹6.6t | ₹754.9b | ₹175.2b | 61.3x | 37.5x | 8.7x |
| Sat, 04 Jan 2025 | ₹6.9t | ₹735.4b | ₹170.9b | 75.3x | 40.4x | 9.4x |
| Mon, 02 Dec 2024 | ₹7.1t | ₹731.1b | ₹170.2b | 60x | 41.8x | 9.7x |
| Wed, 30 Oct 2024 | ₹6.6t | ₹716.5b | ₹164.9b | 64.4x | 40x | 9.2x |
| Fri, 27 Sep 2024 | ₹6.8t | ₹709.0b | ₹161.8b | 71.9x | 42.2x | 9.6x |
| Sun, 25 Aug 2024 | ₹7.4t | ₹709.0b | ₹161.8b | 81.6x | 45.8x | 10.4x |
| Tue, 23 Jul 2024 | ₹7.9t | ₹693.8b | ₹149.5b | 85.9x | 53.2x | 11.5x |
| Thu, 20 Jun 2024 | ₹7.8t | ₹693.9b | ₹149.5b | 76.2x | 52.1x | 11.2x |
| Sat, 18 May 2024 | ₹6.3t | ₹674.0b | ₹139.9b | 66.7x | 45.3x | 9.4x |
| Mon, 15 Apr 2024 | ₹5.3t | ₹631.5b | ₹124.9b | 59.7x | 42.7x | 8.4x |
| Wed, 13 Mar 2024 | ₹4.8t | ₹631.5b | ₹124.9b | 53.8x | 38.2x | 7.6x |
| Fri, 09 Feb 2024 | ₹4.6t | ₹621.3b | ₹121.0b | 64.1x | 38x | 7.4x |
| Sun, 07 Jan 2024 | ₹4.5t | ₹618.7b | ₹117.6b | 58.9x | 38.4x | 7.3x |
| Tue, 05 Dec 2023 | ₹3.8t | ₹618.7b | ₹117.6b | 53.1x | 32.4x | 6.2x |
| Thu, 02 Nov 2023 | ₹3.1t | ₹614.0b | ₹116.1b | 47.5x | 26.7x | 5.1x |
| Sat, 30 Sep 2023 | ₹3.3t | ₹606.8b | ₹113.3b | 50.9x | 28.9x | 5.4x |
| Mon, 28 Aug 2023 | ₹3.2t | ₹606.8b | ₹113.3b | 53.1x | 28.4x | 5.3x |
| Wed, 26 Jul 2023 | ₹3.1t | ₹602.5b | ₹108.5b | 40.7x | 28.8x | 5.2x |
| Fri, 23 Jun 2023 | ₹2.9t | ₹600.6b | ₹108.1b | 36.5x | 26.7x | 4.8x |
| Sun, 21 May 2023 | ₹2.4t | ₹600.0b | ₹107.3b | 29.6x | 22x | 3.9x |
| Tue, 18 Apr 2023 | ₹2.2t | ₹586.1b | ₹107.8b | 27.6x | 20.6x | 3.8x |
| Thu, 16 Mar 2023 | ₹2.1t | ₹586.1b | ₹107.8b | 24.6x | 19.3x | 3.5x |
Price to Earnings Ratio
19.3x
Current Industry PE
- Investors are optimistic on the Indian Aerospace and Defense industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 44.7x which is higher than its 3-year average PE of 39.3x.
- The 3-year average PS ratio of 8.4x is lower than the industry's current PS ratio of 9.7x.
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 15% 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 | -3.02% | |
| Industrials | -2.80% | |
| Aerospace & Defense | 5.07% | |
| Aerospace and Defense | 5.07% | |
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 | ₹468.35 | 3.2% +₹106.7b | 72.0% | PE57.4x | |
| MAZDOCK Mazagon Dock Shipbuilders | ₹2.47k | 11.9% +₹105.7b | 7.3% | PE41.4x | |
| HAL Hindustan Aeronautics | ₹4.02k | 1.8% +₹48.2b | 17.7% | PE30.2x | |
| BDL Bharat Dynamics | ₹1.36k | 7.0% +₹32.5b | 18.7% | PE85.8x | |
| GRSE Garden Reach Shipbuilders & Engineers | ₹2.52k | 6.4% +₹17.5b | 85.5% | PE42x |
