BSE India Defence
BSETheme33 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it.
- 45.17
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 11.62
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.63%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
P/E at each month's last trading day, and on 22 Oct 2026
What the BSE India Defence companies earned
Each quarter against the same quarter a year earlier, added up over today's members that filed both. A quarter fewer than 60% of them filed is left out.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 32 companies that filed both.
- +21.1%quarter to Jun 2026
- Profit growthProfit growth, against a year earlier. Profit of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 32 companies that filed both and made a profit a year earlier.
- +3.4%quarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 33 listed companies have filed results for the quarter to Jun 2026; the growth figures are theirs.
- 33of 33
- Median ROCEMedian return on capital employed. The middle figure of the 33 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 10.6%year to Mar 2026
Growth against the same quarter a year earlier, per cent
- Revenue growth
- Profit growth
Revenue grew against a year earlier in 12 of the 12 quarters shown.Fastest profit growth +55.9%, quarter to Dec 2025.
The largest companies
The 12 largest companies in the BSE India Defence, each sized by its market cap.
Market cap, ₹ crore
- Larsen & Toubro₹5,01,789 Cr
- Mahindra & Mahindra₹3,55,798 Cr
- Adani Enterprises₹3,35,317 Cr
- Hindustan Aeronautics₹3,15,996 Cr
- Bharat Electronics₹2,64,614 Cr
- Solar Industries India₹1,66,185 Cr
- Ashok Leyland₹85,142 Cr
- Bharat Forge₹83,621 Cr
- Mazagon Dock Shipbuilders₹75,029 Cr
- Bharat Dynamics₹37,298 Cr
- PTC Industries₹37,170 Cr
- Cochin Shipyard₹29,989 Cr
Companies in the BSE India Defence
Largest first, by market cap.
Larsen & ToubroLT · Construction₹3,647.00+0.24%₹5,01,789 Cr30.39.8%1.04%−6.9%
Mahindra & MahindraM&M · Automobiles₹2,861.20−0.10%₹3,55,798 Cr19.313.3%1.15%−21.0%
Adani EnterprisesADANIENT · Metals & Minerals Trading₹2,477.00−2.86%₹3,35,317 Cr45.04.4%0.05%−2.7%
Hindustan AeronauticsHAL · Aerospace & Defense₹4,725.00−3.08%₹3,15,996 Cr33.920.8%0.95%−1.8%
Bharat ElectronicsBEL · Aerospace & Defense₹362.00−0.69%₹2,64,614 Cr43.131.7%0.69%−13.5%
Solar Industries IndiaSOLARINDS · Chemicals & Petrochemicals₹18,365.00−3.39%₹1,66,185 Cr83.535.3%0.06%+31.0%
Ashok LeylandASHOKLEY · Agricultural, Commercial & Construction Vehicles₹144.95−0.74%₹85,142 Cr24.511.9%2.41%+5.2%
Bharat ForgeBHARATFORG · Auto Components₹1,711.20−1.71%₹83,621 Cr118.411.9%0.50%+31.6%
Mazagon Dock ShipbuildersMAZDOCK · Industrial Manufacturing₹1,860.00−3.24%₹75,029 Cr–23.7%0.97%−33.8%
Bharat DynamicsBDL · Aerospace & Defense₹1,017.50−3.33%₹37,298 Cr71.66.4%0.48%−32.8%
PTC IndustriesPTCIL · Industrial Products₹23,455.00−5.21%₹37,170 Cr296.07.4%None+38.8%
Cochin ShipyardCOCHINSHIP · Industrial Manufacturing₹1,139.90−2.06%₹29,989 Cr44.19.1%0.79%−36.4%
HBL EngineeringHBLENGINE · Industrial Products₹769.85−1.86%₹21,340 Cr27.345.0%0.39%−16.8%
Garden Reach Shipbuilders & EngineersGRSE · Aerospace & Defense₹1,861.00−4.85%₹21,318 Cr26.629.8%1.05%−28.7%
Data Patterns (India)DATAPATTNS · Aerospace & Defense₹3,792.20−2.80%₹21,230 Cr79.220.2%0.26%+35.5%
Mtar TechnologiesMTARTECH · Electrical Equipment₹6,460.00−5.00%₹19,871 Cr148.916.1%None+182.0%
LMWLMW · Industrial Manufacturing₹15,949.00+1.68%₹17,038 Cr83.15.1%0.22%+1.6%
AequsAEQUS · Aerospace & Defense₹235.55−4.15%₹15,798 Cr––None–
BEMLBEML · Agricultural, Commercial & Construction Vehicles₹1,851.30−2.96%₹15,419 Cr86.58.1%0.92%−15.8%
Astra Microwave ProductsASTRAMICRO · Aerospace & Defense₹1,485.00−3.74%₹14,099 Cr74.617.5%0.16%+37.5%
Apollo Micro SystemsAPOLLO · Aerospace & Defense₹374.75−3.59%₹13,926 Cr114.511.2%0.07%+29.5%
Zen TechnologiesZENTEC · Aerospace & Defense₹1,493.80−4.38%₹13,488 Cr74.910.0%0.07%+7.8%
ArvindARVIND · Textiles & Apparels₹480.90−0.85%₹13,082 Cr31.613.5%0.94%+49.4%
Ramkrishna ForgingsRKFORGE · Auto Components₹591.10−3.81%₹10,969 Cr102.66.4%0.17%+6.7%
Paras Defence and Space TechnologiesPARAS · Aerospace & Defense₹1,177.20−2.32%₹9,487 Cr100.415.0%0.08%+66.8%
Dynamatic TechnologiesDYNAMATECH · Industrial Manufacturing₹12,296.00−2.34%₹8,351 Cr196.89.2%0.11%+52.8%
AXISCADES TechnologiesAXISCADES · Aerospace & Defense₹1,917.40−2.24%₹8,155 Cr224.410.7%None+29.7%
Unimech Aerospace and ManufacturingUNIMECH · Aerospace & Defense₹1,560.10+0.10%₹7,941 Cr110.37.8%None+52.3%
Mishra Dhatu NigamMIDHANI · Aerospace & Defense₹361.65−5.28%₹6,775 Cr50.29.5%0.58%−4.8%
JK PaperJKPAPER · Paper, Forest & Jute Products₹357.00−5.32%₹6,473 Cr–7.1%1.12%−12.8%
Cyient DLMCYIENTDLM · Aerospace & Defense₹753.50−0.47%₹5,982 Cr71.28.3%None+66.0%
Ideaforge TechnologyIDEAFORGE · Aerospace & Defense₹646.55−4.89%₹3,214 Cr817.4−3.2%None+37.0%
DCX SystemsDCXINDIA · Aerospace & Defense₹132.91−4.53%₹1,480 Cr–−2.9%None−42.1%
Funds that follow the BSE India Defence
2 funds with the BSE India Defence as the benchmark they measure themselves against, from each fund's latest monthly report.
About the BSE India Defence
An index of 33 companies: it shows how they have moved together, and its P/E is what the market pays for a year of their profit.
- Published by
- BSE
- Kind
- Theme
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time.
- 33
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out.
- 16 of 33
Theme indices
Most followed first.All
Nifty India Consumption30 companiesP/E 35.85
Nifty India Manufacturing77 companiesP/E 25.49
Nifty Infrastructure30 companiesP/E 21.37
BSE India Infrastructure Index30 companiesP/E 16.10
BSE TECK21 companiesP/E 20.79- Nifty100 ESGThemeP/E 19.44
Nifty MNC30 companiesP/E 31.92
Nifty India Defence22 companiesP/E 53.33
Nifty Capital Markets17 companiesP/E 40.34
Nifty Commodities30 companiesP/E 14.04