India’s defence sector has benefited from rising government spending, higher domestic manufacturing and the push for self-reliance under the Make in India initiative.
Against this backdrop, several defence-related companies have delivered strong stock market returns over the last year.
Here are four stocks that have been on investors’ radar.
1. MTAR Technologies Ltd
MTAR Technologies manufactures precision components and systems for the nuclear, space and defence sectors.
The company supplies mission-critical products to organisations such as:
- ISRO.
- Department of Atomic Energy.
- Global aerospace and clean energy customers.
One-Year Stock Performance
The stock opened at ₹1,681.30 on June 23, 2025, and was trading at ₹8,105 on June 23, 2026.
This translates into a gain of about 389% over the past year.
Q4FY26 Financial Performance
- Revenue increased from ₹183 crore to ₹306 crore, up 67%.
- Net profit rose from ₹14 crore to ₹44 crore.
2. Paras Defence and Space Technologies Ltd
Paras Defence designs and manufactures defence electronics, optical systems and space engineering products.
Its portfolio includes:
- Infrared optics.
- Defence electronics.
- Radiation shielding solutions.
- Space engineering products.
One-Year Stock Performance
The stock moved from ₹867.25 on June 23, 2025, to ₹1,328 on June 23, 2026.
That represents a gain of approximately 53%.
Q4FY26 Financial Performance
- Revenue increased from ₹108 crore to ₹171 crore, up 58%.
- Net profit rose from ₹21 crore to ₹39 crore.
3. Data Patterns (India) Ltd
Data Patterns develops defence and aerospace electronics systems and supplies products for radar, electronic warfare and communication applications.
The company works with:
- DRDO.
- ISRO.
- Indian armed forces.
One-Year Stock Performance
The stock rose from ₹3,023.70 to ₹4,753.60 during the 12-month period.
This reflects a gain of around 57%.
Q4FY26 Financial Performance
- Revenue declined from ₹396 crore to ₹345 crore, down 12.96%.
- Net profit increased from ₹114 crore to ₹138 crore.
4. Astra Microwave Products Ltd
Astra Microwave Products manufactures microwave and RF systems used in defence, space and communication applications.
Its products include:
- Antennas.
- Radar equipment.
- Microwave subsystems.
- Satellite communication systems.
One-Year Stock Performance
The stock opened at ₹1,139 on June 23, 2025, and was trading at ₹1,657.20 on June 23, 2026.
This represents a return of roughly 46% over the past year.
Q4FY26 Financial Performance
- Revenue increased from ₹408 crore to ₹488 crore, up 19.71%.
- Net profit rose from ₹73 crore to ₹106 crore.
Sector Tailwinds
The defence sector continues to benefit from:
- Higher defence budget allocations.
- Increased localisation.
- Export opportunities.
- Private sector participation.
- Government policies supporting domestic manufacturing.
TL;DR
MTAR Technologies, Paras Defence and Data Patterns have delivered more than 50% returns over the past year, while Astra Microwave gained about 46%. The sector continues to benefit from rising defence spending and the government’s focus on indigenisation.
AI Summary
- Defence stocks have benefited from Make in India and rising spending.
- MTAR Technologies surged about 389% in one year.
- Paras Defence and Data Patterns gained more than 50%.
- Astra Microwave rose around 46%.
- Most companies reported higher profits in Q4FY26.
