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Best Defence Stocks in India

India has been focusing on reducing its dependency on defence imports for the past few years with the help of initiatives like 'Make in India' and 'Atmanirbhar Bharat'.

In this emerging yet significant defence sector, top players are playing a major role in reducing Indian defence imports and increasing exports. These are the stocks leading the race.

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CompanyCMP
(Rs)
P/E
(x)
MCap
(Rs m)
D/E
(Curr FY, x)
EV/EBITRoE
(Latest, %)
RoCE
(Latest, %)
Dividend Yield
(%)
KRISHNA DEFENCE160.3NM1,8351.13.011.9%20.2%0.0%
COCHIN SHIPYARD493.211.664,8760.00.912.8%18.1%3.4%
HINDUSTAN AERO.2,457.014.0821,5900.06.726.3%27.4%2.0%
MAZAGON DOCK SHIP.721.316.3145,4690.0-8.714.6%19.8%1.2%
BHARAT ELECTRONICS96.025.8701,7390.013.819.2%25.8%1.6%
AVANTEL SOFT400.127.96,4890.217.821.8%29.1%0.2%
BHARAT DYNAMICS837.233.1153,4430.011.416.5%23.6%1.0%
BHARAT FORGE865.341.5402,8740.924.016.9%18.8%0.8%
ASTRA MICRO279.645.324,2120.126.26.9%12.5%0.5%
MTAR TECHNOLOGIES1,707.971.052,5340.260.811.7%16.3%0.2%

Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.

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FAQs

Which are the top defence companies in India right now?

As per Equitymaster's Stock Screener, here is a list of the top defence companies in India right now...


These companies have been ranked as per their market capitalization. The higher the market cap, the higher the total value of the company.

Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.

When should you invest in the defence sector?

The best time to invest in the defence sector is when valuations of defence companies are attractive.

Where can I find a list of defence stocks?

The details of listed defence companies can be found on the NSE and BSE website. For a curated list you can check out our list of defence stocks.

What kind of dividend yields do defence stocks offer?

The defence sector does not have a consistent trend of dividend yields. Different companies have different dividend policies which vary depending on the owners discretion and the market scenario.

For more details, check out our list of top defence stocks offering high dividend yields.

What are the metrics used to evaluate defence companies?

Two commonly used financial ratios in the valuation of defence stocks are:

Price to Earnings Ratio (P/E) - One can also use Price to Earnings ratio (P/E) which compares a firm's market capitalization to its with its earnings per share. The higher the P/E ratio, the more overvalued the stock and vice versa.

To find stocks with favourable P/E ratios, check out our list of defence stocks with their P/E ratios.

Price to Book Value Ratio (P/BV) - One can also use Price to Book Value Ratio (P/BV) which compares a firm's market capitalization to its book value. The lower the ratio, the more undervalued the stock is and vice versa.

To find stocks with favourable P/BV ratios, check out our list of defence stocks with their P/BV ratios.

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