India’s space industry is entering a period of explosive growth, with the sector valued at $8.4 billion in 2025 and targeted to reach $44 billion by 2033-an almost fivefold increase. As India aims to capture 8 percent of the global space market, here are five satellite and space stocks to watch in 2025.
Here are a few Satellite and Space stocks to watch out for in 2025
Avantel Limited
With a market capitalization of Rs. 3,236.51 crore, the shares of Avantel Limited closed at Rs. 122.15 per equity share, up nearly 7.76 percent from its previous day’s close price of Rs. 113.35.
Avantel Limited has firmly established itself in India’s satellite and space sector, specializing in satellite communication and advanced space technologies. The company is engaged in developing wireless and Satcom systems, RF design, embedded solutions, and signal processing.
Avantel supplies satellite communication products to the Indian defence and maritime sectors and has partnered with Safran Space to boost ground segment capabilities by developing multi-band antennas. In March 2025, it received IN-SPACe authorization to offer Ground Segment as a Service (GSaaS). Avantel also secured key contracts with Goa Shipyard and ISRO, reinforcing its role in indigenous defence and satellite communication technologies. Avantel Limited’s revenue and net profit have grown at a CAGR of 33.17 percent and 46.71 percent, respectively, over the last three years.
Astra Microwave Products Limited
With a market capitalization of Rs. 10,193.30 crore, the shares of Astra Microwave Products Limited closed at Rs. 1,073.60 per equity share, up nearly 7.10 percent from its previous day’s close price of Rs. 1,002.45.
Astra Microwave Products Limited is recognized as a key player in India’s defence and space technology sectors. The company has been working with ISRO since 2004, helping design and build important parts for Indian satellites. Since 2007, the company has supported every major Indian satellite mission by providing both space and ground electronics.
Now, Astra is focusing on making fully ‘Made in India’ satellites, including payloads, to support the country’s space goals. The company sees strong growth in this area and is also investing in new technologies like software-defined radios. These steps will help Astra grow further in the space and satellite segment in the coming years. Astra Microwave Products Limited’s revenue and net profit have grown at a CAGR of 12.35 percent and 60.99 percent, respectively, over the last three years.
NIBE Limited
With a market capitalization of Rs. 2,170.58 crore, the shares of NIBE Limited closed at Rs. 1,518.25 per equity share, up nearly 0.28 percent from its previous day’s close price of Rs. 1,513.95.
NIBE Limited has emerged as an active player in the satellite and space sector through its dedicated subsidiary, Nibe Space Pvt. Ltd. (NSPL), launched in September 2024. NSPL aims to develop India’s first private multi-sensor, all-weather Earth Observation Satellite Constellation, consisting of 40 low-earth orbit (LEO) satellites to be deployed over the next five to six years.
These satellites will provide high-resolution imagery and real-time geospatial intelligence for defence, homeland security, and commercial use. NIBE has also formed strategic partnerships with key players like L&T, CENTUM, AgniKul, Skyroot, and Thales Alenia Space for collaboration in technology and satellite launches. In FY25, NIBE Limited’s revenue increased by 168.57 percent, and net profit increased by 850 percent compared to the previous year.
Apollo Micro Systems Limited
With a market capitalization of Rs. 4,296.98 crore, the shares of Apollo Micro Systems Limited closed at Rs. 140.20 per equity share, up nearly 2.67 percent from its previous day’s close price of Rs. 136.55.
Apollo Micro Systems Limited is actively engaged in India’s satellite and space sector, positioning itself as a key contributor to the country’s space and defence technology efforts. Since 2000, the company has provided advanced electronic and electro-mechanical systems for major Indian space missions.
The company’s offerings include critical systems such as payload checkout systems and earth station acquisition systems, which are essential for satellite operations. Apollo has replaced imported systems by supplying indigenous solutions to ISRO. With CCSDS-compliant systems and new clean room facilities for RF and space applications, Apollo is steadily expanding its role in the space domain. Apollo Micro Systems Limited’s revenue and net profit have grown at a CAGR of 22.37 percent and 47.36 percent, respectively, over the last three years.
Bharat Electronics Limited
With a market capitalization of Rs. 2,66,002.85 crore, the shares of Bharat Electronics Limited closed at Rs. 363.90 per equity share, up nearly 3.87 percent from its previous day’s close price of Rs. 350.35.
Bharat Electronics Limited, a leading Indian defence PSU, is actively engaged in the satellite and space sector with a strong focus on indigenous development and innovation. The company plays a key role in satellite communication ground systems, supported by a dedicated team of around 100 R&D engineers.
BEL has signed an MoU with ISRO’s Space Applications Centre to develop and manufacture space-grade Travelling Wave Tube Amplifiers (TWTAs), essential for satellite payloads and communication systems. Further strengthening its global presence, BEL partnered with Canada-based Reliasat Inc. in 2024 to co-develop advanced, AI/ML-enabled space technologies. Bharat Electronics Limited’s revenue and net profit have grown at a CAGR of 12.83 percent and 23.80 percent, respectively, over the last three years.
Written By – Nikhil Naik
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