icTracker Valuation of Nifty India Defence stocks
*NOTE - Grey coloured rows indicate that 20% 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 | 1,125.2 | 10,683.2 | 7,863.6 | 4.39 | 0.43 | -0.01 | WkBr |
|
2
| BEML Limited | Construction Vehicles | 31 Dec 2025 | 1,859.9 | 331.6 | 1,806.1 | 15,042.8 | 6,630.7 | 5.61 | -0.01 | -0.06 | Brsh |
|
3
| Bharat Dynamics | Defence | 31 Dec 2025 | 1,466.5 | 203.8 | 1,364.1 | 50,002.8 | 12,281.9 | 7.17 | 0.43 | -0.02 | VrBr |
|
4
| Bharat Electronics | Electronics | 31 Dec 2025 | 399.6 | 88.3 | 431.3 | 315,270.8 | 152,849.7 | 4.50 | 0.64 | 0.02 | WkBl |
|
5
| Bharat Forge | Castings n Forgings | 31 Dec 2025 | 1,470.4 | 240.1 | 1,881.6 | 89,957.2 | 49,203.5 | 6.12 | 0.16 | -0.04 | VrBr |
|
6
| Cochin Shipyard | Ship Building | 31 Dec 2025 | 1,620.1 | 348.9 | 1,733.4 | 45,602.4 | 12,381.8 | 4.63 | 0.36 | -0.02 | Brsh |
|
7
| Cyient DLM | EMS | 31 Mar 2026 | 272.3 | 188.4 | 393.1 | 3,119.8 | 1,040.1 | 1.45 | 0.32 | -0.02 | Brsh |
|
8
| Dynamatic Technologies | Machinery | 31 Dec 2025 | 9,372.0 | 1,652.0 | 11,568.0 | 7,856.3 | 4,242.4 | 5.66 | 0.31 | -0.05 | Brsh |
|
9
| Garden Reach Shipbuilders n Engineers | Ship Building | 31 Mar 2026 | 1,972.8 | 957.2 | 2,930.8 | 33,572.9 | 8,189.4 | 2.06 | 0.76 | 0.06 | FrBl |
|
10
| Hindustan Aeronautics | Defence | 31 Dec 2025 | 4,388.7 | 1,045.9 | 4,338.8 | 290,168.1 | 82,037.2 | 4.18 | 0.44 | 0.00 | VrBr |
|
11
| Mazagon Dock Shipbuilders | Ship Building | 31 Mar 2026 | 2,065.2 | 824.4 | 2,733.2 | 110,251.8 | 15,117.7 | 2.51 | 0.70 | 0.01 | FrBl |
|
12
| MTAR Technologies | Machinery | 31 Dec 2025 | 2,416.7 | 220.8 | 6,457.1 | 19,861.8 | 10,197.6 | 10.97 | -0.15 | 0.01 | WkBr |
|
13
| Solar Industries | Explosives | 31 Dec 2025 | 12,252.0 | 3,023.8 | 15,439.0 | 139,707.6 | 36,864.9 | 4.01 | 0.79 | 0.05 | VrBl |
|
14
| Unimech Aerospace and Engineering | Defence | 31 Dec 2025 | 908.1 | 168.4 | 1,002.4 | 5,097.9 | 458.8 | 5.39 | 0.17 | 0.00 | VrBr |
|
15
| Zen Technologies | Defence | 31 Mar 2026 | 1,279.0 | 559.4 | 1,671.1 | 15,088.4 | 5,752.0 | 2.29 | 0.61 | -0.01 | VrBr |
| Summary of Nifty India Defence stocks | 7,997.5 | 1,936.2 | 8,973.5 | 1,147,304.0 | 403,533.9 | 4.13 | 0.56 | 0.00 | |