In the dynamic landscape of investing, defense stocks have emerged as a resilient and attractive option for investors in India. With the nation’s increasing focus on bolstering its security and defense capabilities, these stocks offer an opportunity for growth and stability. This article delves into the realm of defense stocks, highlighting the key players and factors to consider when investing in this sector. Below explained are the few popular defence stocks in India.
1. Hindustan Aeronautics Ltd
The Company which had its origin as Hindustan Aircraft Limited was incorporated on 23 Dec 1940 at Bangalore by Shri Walchand Hirachand, a farsighted visionary, in association with the then Government of Mysore, with the aim of manufacturing aircraft in India. In March 1941, the Government of India became one of the shareholders in the Company and subsequently took over its management in 1942.
Market Cap ₹ 1,29,401 Cr.
Debt ₹ 1.96 Cr.
ROE 27.2 %
Sales growth 9.37 %
ROCE 30.6 %
Promoter holding 71.6 %
Stock P/E 22.3
Industry PE 32.4
Pledged percentage 0.00 %
2. Bharat Electronics Ltd
Bharat Electronics Limited (BEL) is an Indian Government-owned aerospace and defence electronics company. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of nine PSUs under the Ministry of Defence of India. It has been granted Navratna status by the Government of India.
Market Cap ₹ 93,090 Cr.
Debt ₹ 0.00 Cr.
ROE 22.8 %
Sales growth 7.51 %
ROCE 30.1 %
Promoter holding 51.1 %
EPS ₹ 4.32
Industry PE 57.8
Stock P/E 30.7
Pledged percentage 0.00 %
3. Shivalik Bimetal Controls Ltd
Shivalik Bimetal Controls Ltd. is a company specialized in the joining of material through various methods such as Diffusion Bonding / Cladding, Electron Beam Welding, Solder Reflow and Resistance Welding.
Market Cap ₹ 3,157 Cr.
Debt ₹52.6 Cr.
ROE 33.0 %
Sales growth 24.0 %
Promoter holding 60.6 %
Stock P/E 41.5
ROCE 37.7 %
EPS ₹ 13.2
Industry PE 57.8
Pledged percentage 0.00 %
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