So Investing in the defence shares offers financial growth due to its steady demand, government backing, and long-term contractual commitments.
Listed below are defence stocks that have a strong order book of upto Rs.
5,287.35Hindustan Aeronautics has reported a strong order book of Rs.
Bharat Electronics Limited has reported a strong order book of Rs.
Mazagon Dock Shipbuilders Limited has reported a strong order book of Rs.
The Indian government has prioritized the defence sector as part of its ‘Aatmanirbhar Bharat’ or Self-Reliant India initiative, focusing on indigenous manufacturing infrastructure and research and development. The Indian government Targets to export over ₹50,000 crore worth of defence equipment by 2028-2029 and achieve self reliance.
So Investing in the defence shares offers financial growth due to its steady demand, government backing, and long-term contractual commitments. Listed below are defence stocks that have a strong order book of upto Rs. 1,00,000 Crores.
Hindustan Aeronautics Limited (HAL) is the Indian government’s prime manufacturer of defense machinery in the Aeronautic segment. The Company designs, develops, manufactures, maintains, and upgrades aircraft, helicopters, and critical aerospace components & accessories.
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With a market capitalization of Rs. 3,45,659 Crores, the shares of Hindustan Aeronautics Limited closed at Rs. 5,168.55 per equity share, down 2.25 percent from its previous day’s close price of Rs. 5,287.35
Hindustan Aeronautics has reported a strong order book of Rs. 94,000 Crores and Net Profit Margins of 23.52 percent.
Its Revenue from operations grew by 18.2 percent from Rs. 12,494 Crores in Q4FY23 to Rs. 14,768 Crores in Q4FY24, accompanied by profits of Rs. 2,831.19 Crores to Rs. 4,308.68 Crores.
Bharat Electronics Limited (BEL) is a Navratna central public sector enterprise that operates in the aerospace and defence sector, it primarily manufactures advanced electronic products for ground and aerospace applications.
With a market capitalization of Rs. 2,22,948 Crores, the shares of Bharat Electronics Limited closed at Rs. 305 per equity share, down 2.26 percent from its previous day’s close price of Rs. 312.05.
Bharat Electronics Limited has reported a strong order book of Rs. 75,934 Crores and Net Profit margins of 19.03 percent
Its Revenue from operations grew by 34.98 percent from Rs. 6,344.65 Crores in Q4FY23 to Rs. 8,564.08 Crores in Q4FY24, accompanied by profits of Rs. 1,366.38 Crores to Rs. 1,785.66 Crores.
Garden Reach Shipbuilders & Engineers Limited is a shipbuilding company catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. It is engaged in the construction, and engineering of commercial vessels and engine production activities. It is mainly engaged in the construction of warships/vessels for the defence sector.
With a market capitalization of Rs. 18,845 Crores, the shares of Garden Reach Shipbuilders & Engineers closed at Rs. 1,645.15 per equity share, down 6.57 percent from its previous day’s close price of Rs. 1,760.85.
Garden Reach Shipbuilders & Engineers has reported a strong order book of Rs. 22,652.68 Crores and Net Profit Margins of 9.17 percent
Its Revenue from operations grew by 68.96 percent from Rs. 601.17 Crores in Q4FY23 to Rs. 1,015.73 Crores in Q4FY24, accompanied by profits of Rs. 55.3 Crores to Rs. 111.6 Crores.
Mazagon Dock Shipbuilders Limited is India’s only shipyard to have built Destroyers, and conventional submarines for the Indian Navy & manufacture corvettes in India. Since 1960 It has delivered more than 802 vessels of which 28 warships from advanced destroyers to missile boats and 7 submarines.
With a market capitalization of Rs. 78,544 Crores, the shares of Mazagon Dock Shipbuilders Limited closed at Rs. 3,894.30 per equity share, down 2.33 percent from its previous day’s close price of Rs. 3,987.
Mazagon Dock Shipbuilders Limited has reported a strong order book of Rs. 38,000 Crores and Net Profit Margins of 18.32 percent.
Its Revenue from operations grew by 49.32 percent from Rs. 2,078.59 Crores in Q4FY23 to Rs. 3,103.65 Crores in Q4FY24, accompanied by profits of Rs. 318 Crores to Rs. 654.33 Crores.
Cochin Shipyard Limited is engaged in the business of shipbuilding, ship servicing/repair, marine engineering, and providing training, strategic, and advanced solutions.
With a market capitalization of Rs. 56,092, the shares of Cochin Shipyard Limited closed at Rs. 2,132.15 per equity share, down 4.46 percent from its previous day’s close price of Rs. 2,231.75.
Cochin Shipyard Limited has reported a strong order book of Rs. 22,000 Crores and Net Profit Margins of 20.57 percent
Its Revenue from operations grew by 112.4 percent from Rs. 576.97 Crores in Q4FY23 to Rs. 1,225.49 Crores in Q4FY24, accompanied by profits of Rs. 47.34 Crores to Rs. 264.67Crores.
Written by: Bharath K.S
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