Nifty India Defence currently includes Aequs, Apollo Micro Systems, Astra Microwave, AXISCADES, Bharat Dynamics, Bharat Electronics, BEML, Bharat Forge, Cochin Shipyard, Data Patterns, Dynamatic Technologies, Garden Reach Shipbuilders & Engineers, Hindustan Aeronautics, Mazagon Dock Shipbuilders, Mishra Dhatu Nigam, MTAR Technologies, Paras Defence and Space Technologies, Solar Industries, and Zen Technologies. That list was verified against StockMirror's live indices API on April 22, 2026.

What Nifty India Defence Tracks

Nifty India Defence is a sector basket for listed Indian businesses tied to defence manufacturing and adjacent supply chains. Investors usually read it for:

  • defence electronics and radar or communication systems execution
  • shipyard and platform-delivery momentum
  • aerospace manufacturing and component demand
  • indigenisation themes across public and private players
  • order-book commentary and execution confidence during results season

The basket matters because the market often treats "defence" as one trade, but the businesses inside it are very different.

Full Nifty India Defence Constituents

Company Symbol Current StockMirror Coverage Earnings Page
Aequs Limited AEQUS Use earnings page Aequs earnings
Apollo Micro Systems Limited APOLLO Use earnings page Apollo Micro Systems earnings
Astra Microwave Products Limited ASTRAMICRO Use earnings page Astra Microwave earnings
AXISCADES Technologies Limited AXISCADES Use earnings page AXISCADES earnings
Bharat Dynamics Limited BDL Use earnings page Bharat Dynamics earnings
Bharat Electronics Limited BEL Dedicated Q3 FY26 article already in repo BEL earnings
BEML Limited BEML Use earnings page BEML earnings
Bharat Forge Limited BHARATFORG Use earnings page Bharat Forge earnings
Cochin Shipyard Limited COCHINSHIP Use earnings page Cochin Shipyard earnings
Data Patterns (India) Limited DATAPATTNS Dedicated Q3 FY26 article already in repo Data Patterns earnings
Dynamatic Technologies Limited DYNAMATECH Use earnings page Dynamatic Technologies earnings
Garden Reach Shipbuilders & Engineers Limited GRSE Use earnings page GRSE earnings
Hindustan Aeronautics Limited HAL Use earnings page HAL earnings
Mazagon Dock Shipbuilders Limited MAZDOCK Use earnings page Mazagon Dock earnings
Mishra Dhatu Nigam Limited MIDHANI Use earnings page MIDHANI earnings
MTAR Technologies Limited MTARTECH Use earnings page MTAR Technologies earnings
Paras Defence and Space Technologies Limited PARAS Use earnings page Paras Defence earnings
Solar Industries India Limited SOLARINDS Use earnings page Solar Industries earnings
Zen Technologies Limited ZENTEC Use earnings page Zen Technologies earnings

How The Defence Basket Splits

The index covers more than one type of defence exposure.

  • Defence electronics and systems: BEL, Apollo Micro Systems, Astra Microwave, Data Patterns, Paras Defence, and Zen Technologies
  • Platform and shipyard names: HAL, BDL, BEML, Cochin Shipyard, GRSE, and Mazagon Dock
  • Industrial and component overlap: Aequs, AXISCADES, Bharat Forge, Dynamatic Technologies, MIDHANI, MTAR Technologies, and Solar Industries

That split matters because order visibility, execution cycles, and earnings quality can look very different across those groups even when the broader sector narrative stays strong.

Why A Defence Index Alone Is Not Enough

An index list tells you which stocks sit inside the basket. It does not tell you:

  • which companies are converting order books into revenue cleanly
  • where management confidence stayed strong in the latest results cycle
  • which businesses rely on a narrow program base versus a broader execution pipeline
  • whether the better setup is in electronics, shipyards, or industrial suppliers

That is the difference between thematic interest and usable company-level research.

Use StockMirror To Read The Sector Better

After checking the 19 constituents, move into these StockMirror workflows:

  • /screener to filter the defence basket by Overall Sentiment, Management Confidence, Earnings Quality, Revenue Growth on Track, and Margin Change
  • /ai-analyst to ask questions such as: "Compare BEL, Data Patterns, HAL and Paras Defence on management tone" or "Which defence names had clean earnings and margin expansion?"
  • /market-calendar to track reporting dates, because this basket often gets re-rated around order-book and execution commentary

That workflow is more useful than a raw constituent page because the sector is broad, and the best read usually comes from comparing multiple defence sub-groups.

Related Reads

Disclaimer: Constituents were verified against StockMirror's live indices API on April 22, 2026. Coverage status refers to the current repo content and StockMirror earnings page links, not a claim that every constituent already has a standalone fresh-quarter article.