The Indian government has prioritized the defence sector as part of its ‘Aatmanirbhar Bharat’ or Self-Reliant India initiative, focusing on indigenous manufacturing infrastructure and research and development. So Investing in the defence shares offers financial growth due to its steady demand, government backing, and long-term contractual commitments
Listed below are stocks associated with the Defence Sector that have reported Net Profit Margins of 30% and More that you can add to your Portfolio.
Data Patterns
Data Patterns (India) Limited is an integrated defence and aerospace electronics provider catering to the indigenously developed defence products industry. It offers electronic warfare products, radar, radar subsystems, test systems, naval systems, processors, and many More. As of March 31, 2024, Data Patterns (India) Limited has a strong order book of Rs. 1,083.01 Crores.
With a market capitalization of Rs. 17,583 Crores, the shares of Data Patterns Limited were trading at Rs. 3,140.75, up 3 percent from its previous day’s close price of Rs. 3,049.85.
Data Patterns (India) Limited has delivered a return of 92 percent in a year and it has reported a Net Profit Margin of 35 percent in FY24.
Its Revenue from operations grew by 30.66 percent QoQ from Rs. 139.51 Crores in Q3FY24 to Rs. 182.29 Crores in Q4FY24, accompanied by profits of Rs. 50.97 Crores to Rs. 71.1 Crores.
Zen Technologies
Zen Technologies Limited is engaged in the business of designing, developing, and manufacturing state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide.
With a market capitalization of Rs. 8,342.23 Crores, the shares of Zen Technologies Limited were trading at Rs. 992.60, down 1.78 percent from its previous day’s close price of Rs. 1,010.55.
As of 31st March 2024, Zen Technologies Limited has a strong order book of Rs. 1,401.97 Crores, of which 43.59 percent of the total orders are received for Anti Drone Systems and 56.40 percent for Training Simulators.
Zen Technologies Limited has delivered a multibagger return of 198 percent in a year and it has reported a Net Profit Margin of 30 percent in FY24.
Its Revenue from operations grew by 47.47 percent from Rs. 95.88 Crores in Q4FY23 to Rs. 141.39 Crores in Q4FY24, accompanied by profits of Rs. 23.37 Crores to Rs. 37.59 Crores.
Written by Bharath KS
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