icTracker Valuation of Nifty India Defence stocks
*NOTE - Grey coloured rows indicate that 14% 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
| 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 |
|
2
| 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 |
|
3
| Axiscades Technologies | ITES | 31 Dec 2025 | 1,323.5 | 389.4 | 2,058.3 | 8,751.4 | 3,186.3 | 3.38 | 0.56 | -0.01 | VrBr |
|
4
| 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 |
|
5
| 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 |
|
6
| 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 |
|
7
| 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 |
|
8
| 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 |
|
9
| 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 |
|
10
| 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 |
|
11
| 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 |
|
12
| 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 |
|
13
| 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 |
|
14
| 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 |
|
15
| 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 Nifty India Defence stocks | 7,553.8 | 2,498.4 | 9,000.4 | 1,159,335.0 | 410,655.2 | 3.02 | 0.65 | 0.02 | |