Defence
39 recent notes from companies in this sector. 15 companies tracked.
Adani Enterprises breaks ground on ₹2,500 cr missile plant in MP
The facility will produce composite propellants and TNT, enabling DRDO missile serial production. But at 0.6% of market cap, the investment is a drop in the ocean for the conglomerate.
Jupiter Capital dumps 10L Axiscades shares, promoter stake slides below 51%
The promoter group sold 10 lakh shares on June 30, trimming voting rights from 52.50% to 50.15%. No price or reason was disclosed, leaving the market to guess at intent.
Lloyds Enterprises defence arm dilutes to 85% via private placement
Two new investors enter pre-revenue LADSL; parent's stake falls from 100% to 85%. Entity has nil revenue and ₹10 cr capital, immaterial for ₹11,159 cr group.
Paras Defence secures exclusive India rights to Guardian-1 counter-drone system
The 12-month IP license from Powerus's Tandem Defense opens a new product segment but comes with no order commitments or financial disclosure.
Avantel lands ₹84 cr satcom order from Zetwerk
The order, under a rate contract from March 2026, is likely over 30% of annual revenue and must be executed by March 2027.
Apollo Micro to consider preferential issue; details awaited
The defence firm's board will meet on July 6 to discuss issuing equity or convertible securities. No size or price disclosed yet.
BDL lands ₹1,347.71 cr order from HAL for missile systems
The defence PSU's contract, over 55% of FY26 revenue, provides multi-year visibility and is its biggest single order in recent memory.
BEL locks in ₹1,081 cr in fresh orders, routine for a firm its size
The new orders add 3.93% to annual revenue and a similar sliver to a ₹73,000 cr backlog. For a defence giant with a ₹3,12,000 cr market cap, this is a normal fortnight.
GRSE gets Navratna status, can invest ₹1,000 cr without approval
The defence PSU's elevation to the second-highest CPSE classification gives it greater financial autonomy, building on a near-tripling of revenue to ₹7,002 crore over five years.
Bharat Dynamics gets new CMD, ends leadership gap
Shailesh Vagerwal appointed by government; term runs until superannuation in 2031.
Bharat Forge teams up with AM General for artillery exports
KSSL, Bharat Forge's defence arm, partners with a U.S. military vehicle specialist to sell the MArG 155mm platform globally, including a bid for the US Army's Mobile Tactical Cannon program.
Nibe's Garudastra mortar hits target in Army demo, but no order yet
Vehicle-mounted 120mm system fired 12 rounds in 60 seconds from a two-man crew. A GPS/laser-guided round scored a direct hit on a 3-metre square target. The no-cost-no-commitment demo leaves revenue uncertain.
Bharat Forge's KSSL unveils Simha 4x4 at Eurosatory, no order attached
The armoured vehicle launch with Paramount is a genuine new product. But for a ₹97,195 cr company, it's a credential builder without immediate financial impact.
Bharat Forge unveils MArG artillery gun at Eurosatory, no order yet
KSSL's new 155mm mounted gun series offers three calibre options, but the launch lacks any disclosed order value or near-term financial impact for the ₹96,086 cr company.
Axiscades sells aerospace engineering unit to Akkodis for $206.3M
The deal is structured in two tranches: an upfront 51% for $77.7M, with the remaining 49% after two years for $76M plus up to $52.6M in earn-outs. Proceeds will fund core aerospace, defence, and ESAI acquisitions.
Astra Microwave carves out its space business for a separate listing
Shareholders get a 1:1 share swap in the new Astra Space Technologies, which had ₹157 crore in revenue last year.
Nibe's subsidiary gets a lifetime license for heavy firearms
DPIIT clears Nibe Defence to make and test guns above 12.7 mm, adding a new vertical to its defence portfolio.
MIDHANI posts record FY26 revenue, commits ₹1,000 cr to modernisation
The defence materials maker logged its highest-ever annual sales and outlined a three-year plan to spend big on downstream capacity.
Axiscades deferred ₹142 cr in Q4; FY27 guidance holds at ₹1,377 cr
Supply-chain snags on defence programs pushed revenue into the new year. Management says the deferred ₹142 crore will show up in H1 FY27.
JTL Defence to raise ₹100 cr, a quarter of its market cap
The nano-cap board will seek shareholder approval for a fresh equity infusion. The move comes after a recent return to profitability and a strategic rebranding.
JTL Defence clears a ₹100 cr raise that's a quarter of its market cap
The nano-cap's board green-lit up to ₹100 crore in fresh equity, with the route and pricing still open. The move follows a recent NCLT-approved restructuring.
Axiscades missed its EBITDA target by half and pushed a key sale to H2
FY26 EBITDA grew 24.6%, not the 45% management had promised. Supply-chain disruptions pushed ₹142 crore of revenue into next year and the Akkodis sale won't close until H1 FY27.
Astra Microwave cuts FY27 revenue guidance by 7%
Management trimmed its annual revenue target to ₹1,300-1,400 crore, citing execution caution, while pushing back key radar program timelines.
Zen Technologies launches integrated border security suite
The new modular system targets the government's 'Smart Border' project, which aims to secure 6,000 km of Indian borders.
Astra Microwave demerging space unit after a year of strong growth
Q4 profit jumped 40% to ₹105 crore. The board now wants to split off its space and weather-tech business into a separate company.
Astra Microwave profit jumps 24% as Q4 momentum builds
Annual revenue reached ₹1,156 crore, supported by a final quarter where profit climbed 40%. The board raised the dividend to ₹2.40 per share.
Axiscades sells a quarter of its business to Akkodis for $30.63M
The company is offloading its heavy engineering and energy services unit to pivot toward aerospace and defence, using the proceeds to fund new acquisitions.
Balu Forge's CFO quits weeks after NATO contract win
Amit Todkari left on May 25, citing personal reasons. The company has named an interim replacement and is hunting for a permanent CFO.
BEL adds ₹608 cr in orders. That's a normal week.
The defense PSU disclosed ₹608 crore in new orders since May 5. It's about 2.2% of annual revenue, part of its regular reporting cadence.
Avantel lands ₹28 cr Coast Guard order, second government win this month
The contract for satellite comms is small at 0.65% of market cap, but it stacks a ₹137 cr meteorological-department win from earlier in June.
Kavveri Defence issues 40 lakh shares to the Thobhani family
A major preferential allotment lifted the Thobhani family's stake to 9.98% as the total share count climbed to 6.01 crore.
Krishna Defence trims growth outlook to 30% after government order delay
A procurement pause hit the defense contractor's momentum, cooling long-term guidance from 40% even as annual profits surged 85%.
Data Patterns' Q4 earnings transcript lands. It's a procedural step, not news.
The full transcript of the May 15 call adds no new data. The market has already priced the operational color and guidance.
MTAR locks in ₹467 cr from existing client, 53% of FY26 revenue
The Hyderabad precision engineer says the binding orders are due by June 2027 and add to its guided ₹5,000-cr order book.
Apollo Micro sees large defence orders this year after record quarter
MD outlines a path to global OEM status by 2036 as the order book hits ₹1,432 cr. A subsidiary acquisition should close this FY.
Rossell India profit falls 20% as Q4 tea losses bite
FY26 net profit dropped to ₹15.86 cr. The board kept the dividend unchanged.
Rossell India profits fall 19.5% to ₹15.86 crore
Annual earnings drop as the tea company maintains its dividend at Re.0.40 per share.
NIBE's Vayu Astra-1 passes Army trials with 100 km range, sub-2-metre accuracy
The micro-cap defence firm, battling a 60% revenue drop, now has a validated loitering munition that could unlock procurement orders.
MTAR lifts FY27 revenue guidance to 80% growth
The clean-energy and precision-engineering firm also targets 24% EBITDA margin and an order book of ₹5,000 crore by year-end, powered by a new AI data center client.