Nifty India Defence Equal Weight stocks list
NSETheme22 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. Price to earnings of an index: how it is worked out
- 75.84
- 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.
- 10.05
- 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.
- 0.34%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −6.56%
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 28 Oct 2026
What the Nifty India Defence Equal Weight companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- 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 18 companies that filed both.
- +26.1%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 22 companies that filed it; a loss counts as negative.
- ₹4,488 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 22 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 22of 22
- Median ROCEMedian return on capital employed. The middle figure of the 22 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.
- 11.7%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Profit after tax, ₹ crore, added up over the companies that filed
The largest companies
The 12 largest companies in the Nifty India Defence Equal Weight, each sized by its market cap.
Market cap, ₹ crore
- Hindustan Aeronautics₹3,24,356 Cr
- Bharat Electronics₹2,65,601 Cr
- Solar Industries India₹1,74,103 Cr
- Bharat Forge₹86,006 Cr
- Mazagon Dock Shipbuilders₹69,898 Cr
- Bharat Dynamics₹36,381 Cr
- Cochin Shipyard₹29,725 Cr
- Data Patterns (India)₹22,310 Cr
- Garden Reach Shipbuilders & Engineers₹21,737 Cr
- Mtar Technologies₹21,459 Cr
- Sigma Advanced Systems₹17,175 Cr
- BEML₹16,363 Cr
Companies in the Nifty India Defence Equal Weight
Largest first, by market cap.
Solar Industries IndiaSOLARINDS · Chemicals & Petrochemicals₹19,240.00−0.16%₹1,74,103 Cr87.4035.3%0.06%+38.9%
Mazagon Dock ShipbuildersMAZDOCK · Industrial Manufacturing₹1,732.80−1.21%₹69,898 Cr–17.2%1.05%−37.7%
Garden Reach Shipbuilders & EngineersGRSE · Aerospace & Defense₹1,897.60−1.72%₹21,737 Cr27.2029.8%1.03%−26.2%
BEMLBEML · Agricultural, Commercial & Construction Vehicles₹1,964.60−1.70%₹16,363 Cr91.808.1%0.87%−9.1%
Astra Microwave ProductsASTRAMICRO · Aerospace & Defense₹1,568.60+0.01%₹14,893 Cr78.8017.4%0.15%+49.1%
Paras Defence and Space TechnologiesPARAS · Aerospace & Defense₹1,302.60+1.13%₹10,497 Cr111.1015.0%0.08%+83.3%
Unimech Aerospace and ManufacturingUNIMECH · Aerospace & Defense₹1,638.10−3.16%₹8,338 Cr94.609.8%None+56.1%
Dynamatic TechnologiesDYNAMATECH · Industrial Manufacturing₹12,213.00−1.67%₹8,294 Cr195.509.2%0.11%+56.7%
Changes to the list
Each list of the index's companies against the one before it. The date is the list's own, the day the new list was published.
22 Oct 2026against the list of 9 Oct 2026
3 joined · 0 leftLeft0 companies
None.
About the Nifty India Defence Equal Weight
The Nifty India Defence Equal Weight Index tracks the stocks of the Nifty India Defence Index, whose stocks broadly represent the defence theme, giving every stock the same weight. It held 22 companies on 30 Sep 2026. It is maintained by NSE Indices Limited.
How companies are chosen
Every stock in the Nifty India Defence Index is eligible, including stocks going to join it, and the index holds at least 10 stocks.
That parent index draws on the Nifty Total Market index: stocks in eligible basic industries qualify, as do stocks on the Society of Indian Defence Manufacturers member list that obtain at least 10% of revenues from the defence segment. The parent holds at most 30 stocks.
How it is weighted
Every stock carries the same weight, reset at each quarterly rebalancing and semi-annual review.
The parent index is instead weighted by free float market capitalization, with each stock capped at 20%.
When it is reviewed
The index is reconstituted semi-annually and rebalanced quarterly, with the reconstitution taking effect in Mar and Sep.
For the parent index, those reconstitutions use data for the 6 months ending Jan and Jul respectively.
Base date and value
The index has a base date of 2 Apr 2018 and a base value of 1000. It was launched on 6 Aug 2026.
- Published by
- NSE
- Kind
- Theme
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 22
- List last changed
- 22 Oct 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. Members above their 200-day average in the glossary
- 14 of 22
Theme indices
Others in this group, the most used as a fund's benchmark first.All
Nifty India Select 5 Corporate Groups (MAATR)40 companiesP/E 21.57
Nifty Midcap Liquid 1515 companiesP/E 35.76
Nifty Mobility30 companiesP/E 33.56- Nifty REITs & InvITs15 companiesP/E 55.98
- Nifty REITs & InvITs 90:1015 companiesP/E 69.38
Nifty Shariah 2525 companiesP/E 25.08- Nifty Small Finance Banks & Microfinance Institutions13 companiesP/E 17.06
Nifty SME EMERGE539 companiesP/E 21.87- Nifty Sugar & Ethanol16 companiesP/E 22.85
Nifty Waves43 companies