icTracker Valuation of Nifty India Defence stocks
*NOTE - Grey coloured rows indicate that 7% 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
| Astra Microwave Products | Defence | 31 Dec 2025 | 981.3 | 223.5 | 1,147.4 | 10,894.0 | 8,018.7 | 4.39 | 0.43 | -0.01 | Brsh |
|
2
| BEML Limited | Construction Vehicles | 31 Dec 2025 | 1,859.9 | 331.6 | 1,950.9 | 16,248.9 | 7,162.3 | 5.61 | -0.01 | -0.06 | Brsh |
|
3
| Bharat Dynamics | Defence | 31 Dec 2025 | 1,466.5 | 203.8 | 1,448.6 | 53,100.2 | 13,042.7 | 7.17 | 0.43 | -0.02 | Brsh |
|
4
| Bharat Electronics | Electronics | 31 Dec 2025 | 399.6 | 88.3 | 439.7 | 321,411.0 | 155,826.6 | 4.50 | 0.64 | 0.02 | VrBl |
|
5
| Bharat Forge | Castings n Forgings | 31 Mar 2026 | 1,674.6 | 230.9 | 1,989.7 | 95,125.3 | 52,030.3 | 7.25 | 0.13 | -0.05 | Brsh |
|
6
| Cochin Shipyard | Ship Building | 31 Dec 2025 | 1,620.1 | 348.9 | 1,776.7 | 46,741.6 | 12,691.1 | 4.63 | 0.36 | -0.02 | Brsh |
|
7
| Cyient DLM | EMS | 31 Mar 2026 | 272.3 | 188.4 | 432.9 | 3,435.7 | 1,145.4 | 1.45 | 0.32 | -0.02 | WkBr |
|
8
| Dynamatic Technologies | Machinery | 31 Dec 2025 | 9,372.0 | 1,652.0 | 12,530.0 | 8,509.7 | 4,595.2 | 5.66 | 0.31 | -0.05 | WkBr |
|
9
| Garden Reach Shipbuilders n Engineers | Ship Building | 31 Mar 2026 | 1,972.8 | 957.2 | 3,051.3 | 34,953.3 | 8,526.1 | 2.06 | 0.76 | 0.06 | FrBl |
|
10
| Hindustan Aeronautics | Defence | 31 Dec 2025 | 4,388.7 | 1,045.9 | 4,788.1 | 320,216.2 | 90,532.5 | 4.18 | 0.44 | 0.00 | WkBr |
|
11
| Mazagon Dock Shipbuilders | Ship Building | 31 Mar 2026 | 2,065.2 | 824.4 | 2,657.3 | 107,190.2 | 14,697.9 | 2.51 | 0.70 | 0.01 | WkBl |
|
12
| MTAR Technologies | Machinery | 31 Dec 2025 | 2,416.7 | 220.8 | 6,470.0 | 19,901.5 | 10,218.0 | 10.97 | -0.15 | 0.01 | Brsh |
|
13
| Solar Industries | Explosives | 31 Dec 2025 | 12,252.0 | 3,023.8 | 16,105.0 | 145,734.2 | 38,455.2 | 4.01 | 0.79 | 0.05 | VrBl |
|
14
| Unimech Aerospace and Engineering | Defence | 31 Dec 2025 | 908.1 | 168.4 | 1,043.9 | 5,309.0 | 477.8 | 5.39 | 0.17 | 0.00 | Brsh |
|
15
| Zen Technologies | Defence | 31 Mar 2026 | 1,279.0 | 559.4 | 1,625.1 | 14,673.1 | 5,593.7 | 2.29 | 0.61 | -0.01 | FrBr |
| Summary of Nifty India Defence stocks | 8,082.8 | 1,934.6 | 9,391.1 | 1,199,949.0 | 421,741.3 | 4.18 | 0.56 | 0.00 | |