LESSER KNOWN STOCKS THAT ARE POWERING INDIA'S DEFENSE BOOM

India’s defence industry is on fire. According to government reports, the defense production crossed Rs 1.27 lakh crore in FY24 recording an all-time high. Even the exports reached an all-time high of Rs 21,083 crore. In view of strong policy initiatives such as Aatmanirbhar Bharat, it is no coincidence that India is expanding it's footprints in the global defense market. And in this growth, there’s something more than just missiles and warships. Many have forgotten the smaller companies that are the ones who are producing the components that propel India’s missiles, aircraft, and submarines. Without these below companies, nothing can really happen.

- the company manufactures components and equipment for the defense, aerospace, nuclear and clean energy sectors. It has manufacturing footprints in Hyderabad and a dedicated export facility as well. The company has achieved sales growth of 26% CAGR and profit growth of 11% CAGR over the last 5 years. - one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India. It has supplied products for LCA-Tejas, LightUtility Helicopter, BrahMos missile. The company has achieved sales growth of 35% CAGR and profit growth of 59% CAGR over the last 5 years. - the company is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. It caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions. The company has achieved sales growth of 20% CAGR and profit growth of 26% CAGR over the last 5 years. - the company is engaged in the manufacturing and selling of forged and machined components for the defense industry sector. It has achieved sales growth of 13% CAGR and profit growth of 20% CAGR over the last 5 years.