India’s defence sector has been growing rapidly, thanks to rising demand for security and the government’s focus on “Make in India” initiatives. Many companies—both government-owned and private—are contributing directly or indirectly to the nation’s defence capabilities.
If you’re an investor or simply interested in the defence industry, here’s a list of the top 32 Indian defence-related companies along with their latest share prices (as of early 2025).
1. Hindustan Aeronautics Ltd (HAL)
- Price: ₹4,729
- A government company that makes aircraft and helicopters for the Indian Air Force and Navy.
2. Bharat Electronics Ltd (BEL)
- Price: ₹290
- Known for making radar systems, communication equipment, and electronic weapons for the military.
3. Solar Industries India Ltd
- Price: ₹8,500
- Specializes in explosives used in ammunition and rocket systems.
4. Bharat Dynamics Ltd (BDL)
- Price: ₹1,198
- Makes missiles and other weapon systems for the Indian armed forces.
5. Mazagon Dock Shipbuilders Ltd
- Price: ₹2,625
- Builds submarines and warships for the Indian Navy.
6. Cochin Shipyard Ltd
- Price: ₹1,456
- Involved in building and repairing ships for defence and commercial use.
7. Garden Reach Shipbuilders
- Price: ₹1,641
- Builds warships and patrol vessels for the Navy and Coast Guard.
8. BEML Ltd
- Price: ₹2,742
- Supplies military trucks, tanks, and rail coaches.
9. Zen Technologies
- Price: ₹1,522
- Develops simulation and training tools for defence personnel.
10. Data Patterns (India) Ltd
- Price: ₹1,738
- Designs electronics used in missiles, radars, and satellites.
11. Astra Microwave Products Ltd
- Price: ₹660
- Makes microwave components used in defence communication systems.
12. Mishra Dhatu Nigam Ltd (MIDHANI)
- Price: ₹262
- Produces special metals and alloys for defence and aerospace.
13. MTAR Technologies
- Price: ₹1,248
- Supplies parts for missiles, aircraft engines, and nuclear equipment.
14. Paras Defence and Space Technologies
- Price: ₹904
- Works on defence optics, electronics, and space technology.
15. Apollo Micro Systems
- Price: ₹117
- Builds hardware and software for military applications.
16. DCX Systems
- Price: ₹227
- Specializes in defence cabling and electronic systems.
17. ideaForge Technology
- Price: ₹336
- One of India’s top drone makers used for surveillance and mapping.
18. Nibe Ltd
- Price: ₹768
- Works on infrastructure and components used in defence construction.
19. Sika Interplant Systems
- Price: ₹983
- Offers engineering support for defence projects.
20. CFF Fluid Control Ltd
- Price: ₹808
- Provides fluid control systems for submarines and ships.
21. Krishna Defence & Allied Industries
- Price: ₹673
- Manufactures defence products like shelters, kitchen systems, etc.
22. Taneja Aerospace & Aviation
- Price: ₹739
- Builds and maintains aircraft.
23. Rossell India
- Price: ₹55
- Makes aviation components and electronics for defence.
24. Premier Explosives Ltd
- Price: ₹371
- Produces explosives used in missiles and rockets.
25. Mahindra & Mahindra Ltd
- Price: ₹2,500
- Supplies armoured vehicles and defence systems.
26. Larsen & Toubro (L&T)
- Price: ₹3,000
- Involved in naval defence, missile launchers, and warship construction.
27. Tata Advanced Systems Ltd (Unlisted)
- Offers aerospace and defence solutions including drones and missile systems.
28. Adani Defence & Aerospace (Unlisted)
- Working on drones, radars, and other advanced technologies.
29. Bharat Forge (Kalyani Group)
- Price: ₹1,200
- Supplies artillery systems and military vehicle parts.
30. Reliance Naval and Engineering
- Price: ₹50
- Focuses on shipbuilding and naval systems.
31. Punj Lloyd Ltd
- Price: ₹25
- Works on defence infrastructure and construction.
32. Godrej Aerospace (Unlisted)
- Builds parts for missiles and space systems.
Conclusion
India’s defence sector offers many investment opportunities as the country continues to focus on indigenous production. These companies play a vital role in supporting national security and defence exports. If you’re interested in investing, make sure to do your own research or speak to a financial advisor before making decisions.
