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Top Performing PSU Stocks in Defence Sector

By :  Sachin Gupta 

Published : 24 May 2024

 Indian defence industry plays crucial role in safeguarding nation’s boundaries & strategic interests. Its importance is further elevated by rising geopolitical tensions & continuous modernization program of Indian military services. These factors contribute to rapid expansion of sector, making it attractive investment opportunity. 

Hindustan Aeronautics Limited (HAL)

30.6%

0.67%

Dividend Yield:

ROCE:

27.2%

ROE:

As government owned entity under Ministry of Defence, HAL is responsible for design, development, & production of variety of aircraft systems, including airplanes, helicopters, engines, & avionics for India's armed services.

₹1,262 Crore

Net Profit:

₹2,72,388 Crore

Market Cap:

Bharat Electronics Limited (BEL)

29.9%

0.78%

Dividend Yield:

ROCE:

22.8%

ROE:

BEL's product line includes radars, communication devices, & electronic warfare equipment, making it key player in defense electronics under Ministry of Defence.

₹3,571 Crore

Net Profit:

₹1,68,819 Crore

Market Cap:

Bharat Dynamics Limited (BDL)

15.6%

0.48%

Dividend Yield:

ROCE:

11.3%

ROE:

BDL’s product offerings include antitank missiles, airtoair missiles, surfacetoair missiles, & undersea weapon systems. With India's focus on indigenous missile development, BDL is wellpositioned for growth.

₹477 Crore

Net Profit:

₹35,828 Crore

Market Cap:

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Mazagon Dock Shipbuilders Limited (MDL)

38.2%

0.68%

Dividend Yield:

ROCE:

28.6%

ROE:

Mazagon Dock Shipbuilders Ltd (MDL) is major Indian shipyard integral to construction of warships & submarines for Indian Navy. Founded in 1960, MDL has extensive experience in shipbuilding & caters to unique requirements of Indian Navy.

₹1,509 Crore

Net Profit:

₹47,063 Crore

Market Cap:

Cochin Shipyard Limited (CSL)

8.66%

0.63%

Dividend Yield:

ROCE:

6.57%

ROE:

Specializing in construction of commercial ships such as tankers, bulk carriers, & offshore support vessels, CSL also produces battleships & other specialized vessels for Indian Navy & Coast Guard, making it appealing investment option.

₹596 Crore

Net Profit:

₹35,343 Crore

Market Cap:

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