icTracker Valuation of BSE India Defence stocks
*NOTE - Grey coloured rows indicate that 22% 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 | 2,716.0 | 351,092.5 | 80,849.7 | 1.28 | 0.50 | -0.07 | WkBr |
|
2
| Apollo Micro Systems | Defence | 31 Dec 2025 | 272.0 | 23.2 | 294.6 | 10,524.1 | 4,120.4 | 11.73 | -0.33 | -0.01 | VrBr |
|
3
| Arvind Limited | Textiles | 31 Mar 2026 | 338.7 | 187.1 | 451.1 | 11,824.0 | 6,591.9 | 1.81 | 0.16 | 0.00 | WkBr |
|
4
| Ashok Leyland | Auto LCV/HCV | 31 Dec 2025 | 179.2 | 120.3 | 153.1 | 89,946.3 | 43,130.0 | 1.47 | 0.75 | -0.05 | VrBr |
|
5
| Astra Microwave Products | Defence | 31 Dec 2025 | 981.3 | 223.5 | 1,106.6 | 10,506.6 | 7,733.6 | 4.39 | 0.43 | -0.01 | VrBr |
|
6
| BEML Limited | Construction Vehicles | 31 Dec 2025 | 1,859.9 | 331.6 | 1,788.1 | 14,892.9 | 6,564.6 | 5.61 | -0.01 | -0.06 | VrBr |
|
7
| Bharat Dynamics | Defence | 31 Dec 2025 | 1,466.5 | 203.8 | 1,325.4 | 48,584.2 | 11,933.5 | 7.17 | 0.43 | -0.02 | VrBr |
|
8
| Bharat Electronics | Electronics | 31 Dec 2025 | 399.6 | 88.3 | 423.7 | 309,678.8 | 150,138.6 | 4.50 | 0.64 | 0.02 | WkBl |
|
9
| Bharat Forge | Castings n Forgings | 31 Mar 2026 | 1,674.6 | 230.9 | 1,913.1 | 91,463.1 | 50,027.2 | 7.25 | 0.13 | -0.05 | VrBr |
|
10
| Cochin Shipyard | Ship Building | 31 Mar 2026 | 1,193.1 | 302.5 | 1,594.5 | 41,948.2 | 11,389.6 | 3.94 | 0.26 | -0.01 | VrBr |
|
11
| Cyient DLM | EMS | 31 Mar 2026 | 272.3 | 188.4 | 416.3 | 3,303.5 | 1,101.4 | 1.45 | 0.32 | -0.02 | FrBr |
|
12
| Data Patterns India | Electronics | 31 Mar 2026 | 3,035.3 | 1,091.6 | 3,876.5 | 21,702.2 | 4,829.9 | 2.78 | 0.72 | 0.04 | WkBl |
|
13
| DCX Systems | Defence | 31 Dec 2025 | 193.2 | 166.7 | 195.3 | 2,175.4 | 304.6 | 1.16 | 0.20 | -0.04 | VrBr |
|
14
| Dynamatic Technologies | Machinery | 31 Dec 2025 | 9,372.0 | 1,652.0 | 10,736.0 | 7,291.3 | 3,937.3 | 5.66 | 0.31 | -0.05 | VrBr |
|
15
| Garden Reach Shipbuilders n Engineers | Ship Building | 31 Mar 2026 | 1,972.8 | 957.2 | 2,685.9 | 30,767.5 | 7,505.1 | 2.06 | 0.76 | 0.06 | WkBl |
|
16
| HBL Engineering | Electrical Equipment | 31 Dec 2025 | 926.6 | 273.0 | 772.0 | 21,398.1 | 8,542.7 | 3.37 | 0.71 | 0.06 | WkBl |
|
17
| Hindustan Aeronautics | Defence | 31 Mar 2026 | 3,487.2 | 2,185.7 | 4,386.2 | 293,338.1 | 82,933.4 | 1.60 | 0.72 | 0.05 | WkBl |
|
18
| Ideaforge Technology | Defence | 31 Mar 2026 | 371.8 | 143.2 | 818.7 | 3,543.0 | 1,326.5 | 2.60 | 0.03 | 0.06 | Brsh |
|
19
| JK Paper | Paper | 31 Dec 2025 | 356.1 | 411.5 | 381.7 | 6,465.2 | 2,831.1 | 0.87 | 0.18 | -0.04 | WkBr |
|
20
| Larsen and Toubro | Engineering turnkey | 31 Mar 2026 | 3,504.1 | 2,093.9 | 3,909.0 | 537,734.6 | 447,722.3 | 1.67 | 0.55 | -0.01 | VrBr |
|
21
| LMW Limited | Machinery | 31 Dec 2025 | 14,983.0 | 2,615.9 | 14,561.0 | 15,555.5 | 6,452.1 | 5.73 | -0.02 | -0.03 | FrBr |
|
22
| Mahindra and Mahindra | Auto 4 wheeler | 31 Mar 2026 | 2,954.7 | 2,611.4 | 3,123.1 | 388,366.5 | 386,723.7 | 1.13 | 0.66 | -0.02 | VrBr |
|
23
| Mazagon Dock Shipbuilders | Ship Building | 31 Mar 2026 | 2,065.2 | 824.4 | 2,481.8 | 100,110.9 | 13,727.2 | 2.51 | 0.70 | 0.01 | WkBl |
|
24
| Mishra Dhatu Nigam | Metals non ferrous | 31 Dec 2025 | 343.5 | 63.8 | 408.1 | 7,644.4 | 1,991.8 | 5.39 | -0.23 | -0.03 | Brsh |
|
25
| MTAR Technologies | Machinery | 31 Mar 2026 | 3,467.7 | 449.5 | 7,234.0 | 22,251.5 | 11,424.6 | 7.72 | 0.41 | 0.01 | Brsh |
|
26
| Paras Defence and Space Technologies | Defence | 31 Mar 2026 | 595.3 | 147.6 | 753.4 | 6,071.5 | 1,367.3 | 4.03 | 0.39 | 0.01 | VrBr |
|
27
| PTC Industries | Castings n Forgings | 31 Dec 2025 | 18,582.0 | 877.5 | 16,788.0 | 25,169.5 | 7,299.2 | 21.22 | -0.09 | -0.03 | FrBr |
|
28
| Ramkrishna Forgings | Castings n Forgings | 31 Mar 2026 | 466.6 | 181.8 | 574.0 | 10,427.0 | 3,863.3 | 2.57 | 0.00 | -0.03 | VrBr |
|
29
| Reliance Infrastructure | Power Distribution | 31 Dec 2025 | 164.5 | 1,502.6 | 71.0 | 2,901.3 | 2,189.0 | 0.11 | 0.55 | -0.04 | VrBr |
|
30
| Solar Industries | Explosives | 31 Mar 2026 | 12,076.0 | 2,847.9 | 17,314.0 | 156,674.5 | 41,342.0 | 4.24 | 0.75 | 0.04 | VrBl |
|
31
| Unimech Aerospace and Engineering | Defence | 31 Dec 2025 | 908.1 | 168.4 | 941.2 | 4,786.7 | 430.8 | 5.39 | 0.17 | 0.00 | VrBr |
|
32
| Zen Technologies | Defence | 31 Mar 2026 | 1,279.0 | 559.4 | 1,554.9 | 14,039.3 | 5,352.0 | 2.29 | 0.61 | -0.01 | VrBr |
| Summary of BSE India Defence stocks | 6,391.8 | 3,583.8 | 7,434.4 | 2,659,429.0 | 1,414,566.0 | 1.78 | 0.60 | -0.02 | |