icTracker Valuation of BSE India Defence stocks
*NOTE - Grey coloured rows indicate that 19% of stocks in this list have moved towards their Intrinsic Price since the valuation date
Intrinsic Price and Market Price are in Rs., Market Cap is in Rs. Cr
Outlook codes :: Blsh - Bullish; Brsh - Bearish; FrBl - Fairly Bullish; FrBr - Fairly Bearish; VrBl - Very Bullish; VrBr - Very Bearish; WkBl - Weak Bullish; WkBr - Weak Bearish
| No | Stock Name | Industry | Valuation Date | Market price on val. date | Intrinsic price on val. date | Latest market price | Latest full market cap | Latest free-float market cap | MV to IV | KB | EVA® to NW | Outlook |
|
1
| Adani Enterprises | Trading | 31 Mar 2026 | 1,758.8 | 1,371.6 | 2,704.8 | 349,644.8 | 80,516.3 | 1.28 | 0.50 | -0.07 | Brsh |
|
2
| Apollo Micro Systems | Defence | 31 Mar 2026 | 182.2 | 34.9 | 356.7 | 12,744.6 | 4,989.8 | 5.22 | -0.05 | -0.02 | WkBr |
|
3
| Arvind Limited | Textiles | 31 Mar 2026 | 338.7 | 187.1 | 487.5 | 12,776.8 | 7,123.1 | 1.81 | 0.16 | 0.00 | WkBr |
|
4
| Ashok Leyland | Auto LCV/HCV | 31 Dec 2025 | 179.2 | 120.3 | 153.6 | 90,228.3 | 43,265.2 | 1.47 | 0.75 | -0.05 | FrBr |
|
5
| Astra Microwave Products | Defence | 31 Dec 2025 | 981.3 | 223.5 | 1,154.1 | 10,957.6 | 8,065.5 | 4.39 | 0.43 | -0.01 | WkBr |
|
6
| BEML Limited | Construction Vehicles | 31 Dec 2025 | 1,859.9 | 331.6 | 1,828.8 | 15,231.9 | 6,714.0 | 5.61 | -0.01 | -0.06 | FrBr |
|
7
| Bharat Dynamics | Defence | 31 Dec 2025 | 1,466.5 | 203.8 | 1,303.8 | 47,792.4 | 11,739.0 | 7.17 | 0.43 | -0.02 | VrBr |
|
8
| Bharat Electronics | Electronics | 31 Mar 2026 | 400.7 | 135.7 | 413.3 | 302,113.2 | 146,470.6 | 2.95 | 0.76 | 0.04 | WkBl |
|
9
| Bharat Forge | Castings n Forgings | 31 Mar 2026 | 1,674.6 | 230.9 | 1,888.2 | 90,272.7 | 49,376.1 | 7.25 | 0.13 | -0.05 | FrBr |
|
10
| Cochin Shipyard | Ship Building | 31 Mar 2026 | 1,193.1 | 302.5 | 1,507.8 | 39,667.3 | 10,770.3 | 3.94 | 0.26 | -0.01 | FrBr |
|
11
| Cyient DLM | EMS | 31 Mar 2026 | 272.3 | 188.4 | 412.9 | 3,276.6 | 1,092.4 | 1.45 | 0.32 | -0.02 | VrBr |
|
12
| Data Patterns India | Electronics | 31 Mar 2026 | 3,035.3 | 1,091.6 | 3,834.1 | 21,464.8 | 4,777.0 | 2.78 | 0.72 | 0.04 | Blsh |
|
13
| DCX Systems | Defence | 31 Dec 2025 | 193.2 | 166.7 | 194.0 | 2,160.7 | 302.5 | 1.16 | 0.20 | -0.04 | VrBr |
|
14
| Dynamatic Technologies | Machinery | 31 Mar 2026 | 9,010.0 | 1,662.8 | 10,441.0 | 7,090.9 | 3,829.1 | 5.42 | 0.30 | -0.04 | VrBr |
|
15
| Garden Reach Shipbuilders n Engineers | Ship Building | 31 Mar 2026 | 1,972.8 | 957.2 | 2,647.4 | 30,326.5 | 7,397.5 | 2.06 | 0.76 | 0.06 | WkBl |
|
16
| HBL Engineering | Electrical Equipment | 31 Dec 2025 | 926.6 | 273.0 | 767.7 | 21,278.9 | 8,495.2 | 3.37 | 0.71 | 0.06 | Blsh |
|
17
| Hindustan Aeronautics | Defence | 31 Mar 2026 | 3,487.2 | 2,185.7 | 4,326.5 | 289,345.5 | 81,804.6 | 1.60 | 0.72 | 0.05 | WkBl |
|
18
| Ideaforge Technology | Defence | 31 Mar 2026 | 371.8 | 143.2 | 753.4 | 3,260.2 | 1,220.6 | 2.60 | 0.03 | 0.06 | VrBr |
|
19
| JK Paper | Paper | 31 Mar 2026 | 306.4 | 347.0 | 381.0 | 6,907.3 | 3,024.7 | 0.88 | 0.08 | -0.03 | VrBr |
|
20
| Larsen and Toubro | Engineering turnkey | 31 Mar 2026 | 3,504.1 | 2,093.9 | 3,910.7 | 537,968.5 | 447,917.0 | 1.67 | 0.55 | -0.01 | VrBr |
|
21
| LMW Limited | Machinery | 31 Mar 2026 | 11,997.0 | 2,606.6 | 14,395.0 | 15,378.2 | 6,378.6 | 4.60 | -0.03 | -0.01 | VrBr |
|
22
| Mahindra and Mahindra | Auto 4 wheeler | 31 Mar 2026 | 2,954.7 | 2,611.4 | 3,122.2 | 388,254.6 | 386,612.2 | 1.13 | 0.66 | -0.02 | FrBr |
|
23
| Mazagon Dock Shipbuilders | Ship Building | 31 Mar 2026 | 2,065.2 | 824.4 | 2,437.8 | 98,336.0 | 13,483.8 | 2.51 | 0.70 | 0.01 | Blsh |
|
24
| Mishra Dhatu Nigam | Metals non ferrous | 31 Dec 2025 | 343.5 | 63.8 | 398.7 | 7,468.3 | 1,945.9 | 5.39 | -0.23 | -0.03 | FrBr |
|
25
| MTAR Technologies | Machinery | 31 Mar 2026 | 3,467.7 | 449.5 | 7,457.0 | 22,937.4 | 11,776.7 | 7.72 | 0.41 | 0.01 | WkBr |
|
26
| Paras Defence and Space Technologies | Defence | 31 Mar 2026 | 595.3 | 147.6 | 761.9 | 6,139.5 | 1,382.6 | 4.03 | 0.39 | 0.01 | VrBr |
|
27
| PTC Industries | Castings n Forgings | 31 Dec 2025 | 18,582.0 | 877.5 | 15,796.0 | 23,682.2 | 6,867.8 | 21.22 | -0.09 | -0.03 | VrBr |
|
28
| Ramkrishna Forgings | Castings n Forgings | 31 Mar 2026 | 466.6 | 181.8 | 557.9 | 10,135.4 | 3,755.2 | 2.57 | 0.00 | -0.03 | VrBr |
|
29
| Reliance Infrastructure | Power Distribution | 31 Dec 2025 | 164.5 | 1,502.6 | 67.5 | 2,756.2 | 2,079.5 | 0.11 | 0.55 | -0.04 | VrBr |
|
30
| Solar Industries | Explosives | 31 Mar 2026 | 12,076.0 | 2,847.9 | 18,210.0 | 164,782.4 | 43,481.5 | 4.24 | 0.75 | 0.04 | VrBl |
|
31
| Unimech Aerospace and Engineering | Defence | 31 Dec 2025 | 908.1 | 168.4 | 925.3 | 4,705.8 | 423.5 | 5.39 | 0.17 | 0.00 | VrBr |
|
32
| Zen Technologies | Defence | 31 Mar 2026 | 1,279.0 | 559.4 | 1,604.2 | 14,484.4 | 5,521.7 | 2.29 | 0.61 | -0.01 | WkBr |
| Summary of BSE India Defence stocks | 6,403.3 | 3,695.6 | 7,444.1 | 2,652,153.0 | 1,412,096.0 | 1.73 | 0.61 | -0.02 | |