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Best defence stocks in India (November 2026)

The best defence stocks in India by business quality, with our fair-value verdict on each — screened from every listed company, not a hand-picked list.

#CompanyQualityDiscountOur call
1Solar Industries India LtdSOLARINDS · Commodities90-675%Watch
2Inox India LtdINOXINDIA · Industrials87-203%Watch
3Bharat Electronics LtdBEL · Industrials85-283%Watch
4Mazagon Dock Shipbuilders LtdMAZDOCK · Industrials83-323%Avoid
5Emkay Tools LtdETL · Industrials81-135%Watch
6Aeroflex Industries LtdAEROFLEX · Industrials75-289%Watch
7Krishna Defence & Allied Industries LtdKRISHNADEF · Industrials74-141%Watch
8TAAL Tech LtdTAALTECH · Services73+32%Buy candidate
9Sika Interplant Systems LtdSIKA · Industrials73-93%Watch
10Indo-MIM LtdINDOMIM · Industrials71-987%Watch
11Forbes Precision Tools & Machine Parts Ltd544186.BO · Industrials70-95%Watch
12Expleo Solutions LtdEXPLEOSOL · Information Technology69+54%Pass
13HBL Engineering LtdHBLENGINE · Industrials69-276%Watch
14Garden Reach Shipbuilders & Engineers LtdGRSE · Industrials68-734%Watch
15Sundram Fasteners LtdSUNDRMFAST · Consumer Discretionary68-145%Pass
16Avalon Technologies LtdAVALON · Industrials67-793%Watch
17OBSC Perfection LtdOBSCP · Consumer Discretionary66-377%Avoid
18Avantel LtdAVANTEL · Industrials66-299%Watch
19Kusumgar LtdKUSUMGAR · Consumer Discretionary66-91%Watch
20Sansera Engineering LtdSANSERA · Consumer Discretionary66-366%Watch
21Automotive Axles LtdAUTOAXLES · Consumer Discretionary64+31%Pass
22Data Patterns (India) LtdDATAPATTNS · Industrials63-363%Avoid
23IZMO LtdIZMO · Information Technology63-30%Avoid
24Paras Defence and Space Technologies LtdPARAS · Industrials62-512%Avoid
25Astra Microwave Products LtdASTRAMICRO · Industrials61-425%Watch
26Tata Technologies LtdTATATECH · Information Technology61-306%Watch
27Automobile Corporation Of Goa Ltd505036.BO · Consumer Discretionary61-22%Watch
28KDDL LtdKDDL · Consumer Discretionary60-192%Avoid
29Balu Forge Industries LtdBALUFORGE · Industrials60-41%Avoid
30Larsen & Toubro LtdLT · Industrials59-88%Watch
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Quality score is a 0–100 rating of business quality; discount is versus our estimate of fair value. RichFakir is a free educational research tool, not investment advice — figures are estimates from public filings and may contain errors. Do your own research.