The government has set an ambitious target of exporting more than Rs. 50,000 crore worth of defence equipment by FY 2028-2029.
The significant growth in defence production, which reached Rs. 1,26,887 crore in FY 2023-24—an impressive 16.8 percent increase from the previous year—highlights the positive momentum within the sector.
The government’s commitment to positioning India as a global leader in defence manufacturing will further strengthen the industry and support the strategic objectives of various companies.
1. Apollo Micro Systems Limited
With a market capitalisation of Rs. 2,927 crores, the stock moved up by around 1.3 percent on BSE to Rs. 95.55 on Wednesday. In Q2 FY25, the company witnessed a significant growth in its revenue from operations, reaching Rs. 161 crores, a rise of around 85 percent YoY, accompanied by a net profit growth of nearly 128.6 percent YoY to Rs. 16 crores.
Over the last one year, the stock has delivered negative returns of about 23.4 percent, and has fallen nearly 20 percent year-to-date.
Established in 1985, Apollo Micro Systems Limited is mainly engaged in the supply of electronics and electro-mechanical systems and components including the design, research & development of systems which are used in missile programmes (weapon systems electronics), underwater missile programmes (weapon systems electronics), avionic systems, ship-borne systems, submarine systems, etc.
The company offers product-based solutions within aerospace systems, including on-board electronic weapon systems and ground support equipment for missile systems, catering to the Missile Defence sector.
2. Premier Explosives Limited
With a market capitalisation of Rs. 2,357.2 crores, the shares of a leading manufacturer of high energy materials moved up by around 1.7 percent on BSE to Rs. 438.45 on Wednesday.
In Q2 FY25, PEL witnessed a significant growth in its revenue from operations, reaching Rs. 94.6 crores, a rise of around 20.6 percent YoY, accompanied by a net profit decline of nearly 28 percent YoY to Rs. 8.43crores. Over the last one year, the stock has delivered positive returns of about 50 percent, and has gained nearly 40.5 percent year-to-date.
Incorporated in 1980, Premier Explosives Limited (PEL) is engaged in the manufacturing of high-energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas. It also operates and maintains solid propellant plants for defence and space establishments.
Today, PEL stands as the only private company in India entrusted with supplying solid propellants for prestigious missile programs such as Akash, Astra, LRSAM, and more.
The company manufactures solid propellants for satellite launch vehicles & defence applications, HMX/RDX, rocket missiles, ammunition, mines, warheads, bombs and other ammunition at its manufacturing facility in Katepally, Telangana.
PEL’s missile clients include Bharat Dynamics, DRDO, Advanced Systems Laboratory, and HEMRL, while the end users comprise the Indian Air Force, Indian Army, Indian Navy, and Strategic Forces Command.
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3. Bharat Dynamics Limited
With a market capitalisation of Rs. 39,718.8 crores, the stock moved up by around 5.5 percent on BSE to Rs. 1,089 on Wednesday.
In Q2 FY25, the company witnessed a decrease in its revenue from operations, reaching Rs. 545 crores, a fall of around 11.5 percent YoY, accompanied by a net profit decline of nearly 16.3 percent YoY to Rs. 123 crores.
Over the last one year, the stock has delivered positive returns of about 87 percent, and has gained nearly 26.7 percent year-to-date.
Established in 1970, Bharat Dynamics Limited, a Government of India Enterprise under the Ministry of Defence, is engaged in the business of manufacturing Missiles and allied Defence Equipments. It provides a majority of its goods and services to the Indian Armed forces and the Government of India.
Written by Shivani Singh
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