India ranks among the world’s strongest military powers and holds significant strategic importance on the global stage. The three largest segments of the Indian defence sector are military fixed-wing aircraft, naval vessels and surface combatants, and missile and missile defence systems.
In February 2025, India secured a Rs. 3,800 crore deal to export BrahMos missiles to Indonesia, highlighting its advanced defence manufacturing capabilities, including indigenous production of aircraft carriers. Investments in missile systems, artillery, and gun technologies are expected to reach nearly Rs. 1.81 lakh crore in the coming years.
Below are some listed stocks actively involved in missile manufacturing and related defence technologies:
Bharat Dynamics Limited
With a market cap of Rs. 57,433 crores, the stock closed in the green at Rs. 1,566.8 on Friday, as against its previous closing price of Rs. 1,481 on BSE. Bharat Dynamics Limited (BDL), a Government of India Enterprise under the Ministry of Defence, is engaged in the business of manufacturing missiles and allied defence equipment. It provides the majority of its goods and services to the Indian Armed Forces and the Government of India.
The company has three manufacturing units, located at Kanchanbagh (Hyderabad) in Telangana State, Bhanur (Sangareddy District) in Telangana State and Visakhapatnam in Andhra Pradesh. BDL is in the process of setting up additional facilities at Amaravati (Maharashtra), lbrahimpatnam (Telangana) and Jhansi (Uttar Pradesh).
Bharat Electronics Limited
With a market cap of Rs. 2.91 lakh crores, the stock closed in the green at Rs. 399.2 on Friday, as against its previous closing price of Rs. 385.05 on BSE. Bharat Electronics Limited (BEL), a Navratna Public Sector Undertaking under the Ministry of Defence, is a leading aerospace and defence electronics company serving the Indian armed forces. The company specialises in advanced Missile Systems and C4I solutions, including Akash, LRSAM, and Air Defence Control & Reporting Systems.
BEL is targeting a robust growth of 15-20 percent by FY26, with key segments such as Radar & Missile Systems, Communication & Network-Centric Solutions, Electro-Optic Systems, Electronic Warfare & Avionics, Anti-Submarine Warfare & Sonar Systems, and Tank Electronics & Gun Upgrades driving sustained expansion over the coming years.
Apollo Micro Systems Limited
With a market cap of Rs. 10,745 crores, the stock closed in the green at Rs. 322.15 on Friday, as against its previous closing price of Rs. 297.85 on BSE. Apollo Micro Systems Limited is an electronic, electromechanical and engineering design, manufacturing and supplies company and a provider of mission-critical electronic and electromechanical solutions for India’s defence and aerospace sectors.
The company is mainly into the supply of electronics and electro-mechanical systems and components, including design, research & development of systems which are used in missile programmes (weapon systems electronics), underwater missile programmes (weapon systems electronics), avionics systems, ship-borne systems, submarine systems, etc.
Data Patterns (India) Limited
With a market cap of Rs. 15,200.7 crores, the stock closed in the green at Rs. 2,715.2 on Friday, as against its previous closing price of Rs. 2,578.15 on BSE. Data Patterns (India) Limited’s principal line of business is the design and development of electronic hardware, software, firmware, mechanical, and product prototypes, besides its testing, validation and verification.
Its involvement has been across radars, electronic warfare suites, communications, avionics, small satellites, automated test equipment, cots and programmes catering to Tejas light combat aircraft, light utility helicopter, BrahMos missile and other communication & electronic intelligence systems.
MTAR Technologies Limited
With a market cap of Rs. 5,172.5 crores, the stock closed in the green at Rs. 1,681.6 on Friday, as against its previous closing price of Rs. 1,534.2 on BSE.
MTAR Technologies Limited is a one-stop solution provider for complex manufacturing requirements and is a leading manufacturer engaged in the business of manufacturing and development of high precision and heavy equipment, components, and machines, catering to civil nuclear power, fuel cells, hydel & others, aerospace and defence sectors.
The company participates in various launch vehicle and missile programs through the supply of liquid propulsion engines, cryogenic upper stage systems, electro-pneumatic modules, airframes, canisters, actuators, wing kit assemblies and gearboxes, among others.
Azad Engineering Limited
With a market cap of Rs. 10,320 crores, the stock closed in the red at Rs. 1,598 on Friday, as against its previous closing price of Rs. 1,619.4 on BSE. Azad Engineering Limited is one of the only Indian manufacturers of highly engineered, complex, mission-critical and life-critical high-precision components.
Its products include 3D rotating airfoil portions of turbine engines and other key products for combustion, hydraulics, flight-controls, propulsion and actuation, which power defence and civil aircraft, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil and thermal power.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
