Which Indian Companies Make Missiles in India

#2 Goodluck India

Next is Goodluck India, a company specialising in Engineering Structures, Forgings, and Precision Pipes. It caters to defence, aerospace, automotive, and oil & gas industries.

Within the indigenous missile manufacturing sector, the company plays a key role in supplying mission-critical steel, carbon, and alloy forgings. It is involved in supplying components for the BrahMos and Pralay missiles, as well as Pinaka rockets.

Several other capabilities are scaling, including a new plant for 155 mm gun shells with a 150,000 annual capacity.

In 9M FY26, the company has seen an 11% YoY increase in sales volume to 345,874 MT.

A significant portion of structural growth came from the defence and automobile tube segments. Alongside engineering structures, the company also secured strong order visibility in defence for FY27.

Additionally, it successfully commenced production at its Goodluck Defence and Aerospace subsidiary, reinforcing strong execution and production linkage.

The company is focused on expanding manufacturing capacity to 500,000 MTPA to capture the expanding opportunity.

For more details, see the Goodluck India fact sheet and quarterly results.

#3 MTAR Technologies

MTAR Technologies is a company specialising in precision-engineered systems and complex mechanical subsystems. Its offerings cater to Clean Energy, Aerospace, and Defence industries.

Within the Indian aerospace and defence ecosystem, the company plays a key role in precision manufacturing for strategic missiles and space launch vehicles.

It has developed base shroud assemblies, canister assemblies, airframes, and wing kit assemblies for missiles.

Several other products are being expanded, including electro-mechanical actuators for missile fin control applications.

In FY25 and year-to-date, the company has seen its highest ever order inflows. A significant portion of orders came from Clean Energy and Aerospace segments.

Alongside domestic defence programs, the company also secured long-term contracts from international aerospace OEMs.

Additionally, it secured anticipated orders of Rs 5 bn plus for Kaiga nuclear reactors, reinforcing visibility and broad demand strength.

With increasing focus on domestic manufacturing and export expansion, the company is focused on continuous addition of new products and signing long-term deals.

For more details, see the MTAR Technologies fact sheet.

#4 Premier Explosives

Next up, Premier Explosives is a company specialising in High Energy Materials and solid propellants. Its offerings cater to defence, space, and mining industries.

Within India's prestigious missile programs, the company plays a key role in the production and integration of solid propellants and rocket motors.

It has developed and supplied solid propellants for tactical and ballistic missiles, including Astra, Akash, Agni, BrahMos, MRSAM, and LRSAM.

Several other products are scaling, including lab-scale synthesis of CL-20 explosives and warheads for missiles and drones.

In 3Q FY26, the company has seen a robust order book standing at Rs 12.9 bn, representing 3.1x of FY25 revenue.

A significant portion of orders came from the domestic defence segment, which constitutes 92% of the total order book.

Alongside commercial explosives, the company also secured large contracts for countermeasure systems.

Additionally, it secured a major order worth Rs 4.29 bn from the Ministry of Defence for chaffs and flares, reinforcing demand strength and execution visibility.

The company is focused on enhancing the production capacity of high-explosive raw materials like RDX and HMX to capture the expanding opportunity.

For more details, see the Premier Explosives fact sheet.

#5 Bharat Electronics

Bharat Electronics is a company specialising in defence electronics, radars, and communication systems. Its offerings cater to naval, land, and air defence forces.

Within the indigenous missile ecosystem, the company plays a key role in seeker manufacturing and missile electronics. It has developed and engineered RF and IIR seekers for missiles and is executing 70% of the QRSAM program jointly with BDL.

Several other capabilities are in development, including Directed Energy Weapons and Next Generation indigenous SAM Systems.

In FY25, the company has seen strong order inflows worth approximately Rs 187.1 bn.

A significant portion of orders came from the domestic defence segment, generating 90% of the turnover.

Alongside civilian smart city solutions, the company also secured large orders for Software Defined Radios, Seekers, and Multi-Function Radars.

Additionally, it achieved an all-time high turnover of Rs 301 bn, reinforcing its market leadership and robust production linkage.

The company is focused on in-house R&D, co-development alliances, and supply chain digitisation to capture the expanding opportunity.

For more details, see the Bharat Electronics fact sheet.

#6 Apollo Micro Systems

Apollo Micro Systems is a company specialising in weapon system electronics and custom Commercial Off-the-Shelf (COTS) solutions. Its offerings cater to aerospace, naval, ground defence, and space industries.

In the precision-guided weaponry domain, the company plays a key role in developing onboard computers, missile launch controllers, and embedded guidance systems.

It has developed electromechanical actuators for missile fin control applications, warheads for UAV Launched Precision Guided Missile V2 (ULPgM-V2), and launcher relay units.

Several other products are being expanded, including a rocket motors and warheads designed for short-range ground-to-air applications slated for FY26 trials.

In recent quarters, the company has seen growing order pipelines and participation in over 150 indigenous defence programmes.

A significant portion of orders came from Make-II projects and DRDO collaborations.

Alongside avionics, the company also secured Transfer of Technology (ToT) from DRDO for critical munitions hardware.

Additionally, it acquired IDL Explosives to achieve vertical integration for full-system guided weaponry contracts, reinforcing its strategic scalability and production linkage.

With increasing focus on self-reliant defence capabilities, the company is focused on vertical integration and scalable manufacturing to capture the expanding opportunity.

For more details, see the Apollo Micro Systems fact sheet and quarterly results.

#7 PTC Industries

PTC Industries is a company specialising in complex high-precision castings and strategic materials like titanium and superalloys. Its offerings cater to aero engines, airframes, civil aviation, and defence systems.

Within the advanced propulsion and strategic systems domain, the company plays a key role in supplying hardware for precision-guided and long-range defence systems.

It is involved in producing components optimised for mass efficiency and structural resilience, holding partnerships as a trusted supplier to BrahMos Aerospace and HAL.

Several other capabilities are scaling, including the establishment of India's first private-sector titanium and superalloy melting capability at the Strategic Materials Technology Complex.

Alongside industrial castings, the company also secured global footprint partnerships, supplying to Safran, Dassault Aviation, and BAE Systems.

The company is focused on proprietary Printcast technology and rapid prototyping to capture the expanding opportunity.

For more details, see the PTC Industries fact sheet and quarterly results.

#8 Solar Industries India

Also on the list is Solar Industries India, a company specialising in high-performance energetic materials, explosives, and advanced ammunition. Its offerings cater to defence, space, and mining industries.

Within the tactical and strategic missile sectors, the company plays a key role in developing propellants, explosive warheads, and booster systems.

It has developed the Solid Propellant Booster for BrahMos Missiles and micro-missiles for the Bhargavastra counter-drone system.

Several other products are in development, including non-nuclear high-energy explosives like SEBEX-2 and the Nagastra series of loitering munitions.

In recent periods, the company has seen an immense scale-up, with a defence orderbook standing at Rs 150+ bn. A significant portion of orders came from domestic defence and international export markets.

Alongside industrial explosives, the company also secured landmark ammunition systems orders.

Additionally, it secured the highest-ever order for Pinaka Rockets valued at Rs 60.8 bn, reinforcing massive demand strength and production linkage.

The company is focused on autonomous drones, loitering munitions, and non-nuclear explosives to capture the expanding opportunity.

For more details, see the Solar Industries India fact sheet and quarterly results.

#9 Jindal Stainless

Jindal Stainless is a company specialising in customised stainless steel and speciality low-alloy steel sheets and plates. Its offerings cater to defence, aerospace, and strategic infrastructure industries.

Within the Indian defence supply chain, the company plays a key role in providing critical metallurgical materials for rocket and missile systems.

It is involved in manufacturing and supplying materials for BrahMos Aerospace's cruise missiles, as well as missile canisters and exhaust units in rockets.

Several other capabilities are scaling, including supplying materials for the nuclear submarine missile system and the Chandrayaan-3 lunar mission.

In recent periods, the company has seen successful qualification to manufacture highly specialised steel. A significant portion of this strategic order framework came from BrahMos Aerospace.

Alongside broad stainless steel production, the company also secured approvals after a comprehensive quality and credential audit.

Additionally, overcoming high entry barriers reinforces its demand strength and critical production linkage for national security projects.

The company is focused on specialised material manufacturing to capture the expanding opportunity.

For more details, see the Jindal Stainless fact sheet and quarterly results.

#10 Jaykay Enterprises

Finally, Jaykay Enterprises is a company specialising in precision machining, composite applications, and additive manufacturing. Its offerings cater to defence, aerospace, and digital manufacturing industries.

The company is focused on systems integration and 3D printing to capture the expanding opportunity. Alongside 3D printing services, the company also secured capabilities to serve strategic missile programs.

Within the precision component ecosystem, the company plays a key role in machining and manufacturing assembly parts for defence platforms.

It is involved in producing Missile Parts-Front Panel Assembly and Missile System Assembly parts.

Several other capabilities are being expanded, including setting up a new manufacturing facility specifically for these defence-related products.

In recent periods, the company has seen growing momentum in digital manufacturing adoption. A significant portion of strategic efforts came from its Defence & Aerospace subsidiaries.

Additionally, its proposed facility for missile parts and landing gears reinforces its production linkage and operational scaling.

For more details, see the Jaykay Enterprises fact sheet and quarterly results.

Conclusion

On one hand, rising defence budgets, the indigenisation push, and export traction create a long runway. Order visibility is improving, and companies with proven execution are likely to see steady order inflows.

On the other hand, this is still a project-driven business. Revenues can be lumpy, dependencies on government orders remain high, and timelines don't always move in straight lines.

That's why careful tracking of order flow, execution, and product depth starts to matter more than the headline theme.

One should always conduct thorough research on financials and corporate governance before making investment decisions, ensuring they align with your financial goals and risk tolerance.

Happy investing.

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