Companies that supply India's defence establishment, per their own filings — from companies whose business IS defence down to those with a first order, each tier evidenced.
Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
Received DRDO technology transfer for Hydrosuit and Breathing Apparatus during FY26, signalling entry into defence product capabilities, but no defence revenue is yet reported and the core business remains rainwear/life jackets/inflatable boats.
“During the year, the Company also received the Technology Transfer of Hydrosuit and Breathing Apparatus from Defence Research and Development Organisation (DRDO), further strengthening our capabilities and presence in the field of technical garments and Defence product capabilities.”
The company acquired a 99.64% controlling stake in Novva Defence Iinds Limited after year-end, making it a defence-named subsidiary, but no revenue or operations are reported in this filing.
“Subsequent to the end of the financial year, the Company acquired shares in M/s. Novva Defence Iinds Limited as on 22nd April, 2026. Pursuant to the said acquisition, the Company acquired control of 99.64% over M/s. Novva Defence Iinds Limited, and accordingly, M/s. Novva Defence Iinds Limited became a Subsidiary Company of the Company.”
HCL TechnologiesComputers - Software & ConsultingMention-only₹3.20 L CrP/E 18.3 vs 15.6ROCE 26.2%
HCLTech maintains a named Aerospace & Defense practice within its leadership structure, but the provided text contains no revenue, contract or quantitative disclosure of defence business scale.
“Chief Growth Officer and Global Head, Public Sector, Aerospace & Defense and PE Practice”
SiemensHeavy Electrical EquipmentMention-only₹1.30 L CrP/E 39.5 vs 36.5ROCE 20.6%
Aerospace and defence are flagged as emerging growth areas only, with no disclosed supply of defence equipment, platforms or services to armed forces.
“emerging high growth areas such as renewables, batteries, data centers, semiconductors, aerospace and defense.”
Welspun CorpIron & Steel ProductsMention-only₹69,891 CrP/E 30.3 vs 17.0ROCE 14.9%
Stainless steel bars and pipes business is named as positionable to serve defence, but text presents it only as one of several aspirational end-sectors, not a current principal business.
“our Stainless Steel Bars, and Pipes & Tubes business is well-positioned to leverage the evolving needs of high-value sectors including Power & Energy, Defense, Nuclear Power, Petrochemicals, Shipbuilding, and Critical Public Infrastructure.”
Navin Fluorine Int.Specialty ChemicalsMention-only₹43,105 CrP/E 54.5 vs 24.3ROCE 16.4%
Defence listed merely as a prospective application area for the incubating Advanced Materials business; no concrete orders or commitments.
“Incubated a new business vertical, namely Advanced Materials, comprising both product and service play with niche applications in emerging sectors such as semiconductor manufacturing, data centres, and defence”
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“Rise in demand for inorganic chemicals from emerging sectors, including niche chemistry applications in semiconductor manufacturing, renewables and defence”
Shyam Metalics and EngyIron & Steel ProductsMention-only₹29,867 CrP/E 26.6 vs 17.0ROCE 11.4%
Defence is referenced only as one of the export end-markets for aluminium foil, not as a dedicated business line.
“Internationally, our export footprint is growing as aluminium foil reaches defence and packaging markets abroad.”
SPR Auto TechnologiesAuto Components & EquipmentsMention-only₹18,810 CrP/E 33.4 vs 26.7ROCE 16.6%
Defence engines are listed as one of several non-automotive diversification applications, but no dedicated defence business segment or revenue figures are disclosed.
“the Company continued to diversify its revenue streams through increased contribution from exports, aftermarket and non-automotive applications, including railways, snowmobiles, compressors, marine, defence and industrial engines.”
Jindal SawIron & Steel ProductsMention-only₹17,267 CrP/E 26.3 vs 17.0ROCE 6.8%
Defence is mentioned only as an emerging sector where the company aspires to develop a foothold, with no current defence revenue or orders described in the opening section.
“Our focus is on increasing our participation in value-added segments and developing a foothold in emerging sectors, specifically defence and aerospace, bolstering our commitment to long-term growth and national self-reliance.”
Triveni TurbineHeavy Electrical EquipmentMention-only₹16,441 CrP/E 48.9 vs 36.5ROCE 31.8%
Triveni has obtained DGAQA / Ministry of Defence supplier certification, but no defence revenue or orders are mentioned in this text.
“Notably, Triveni has received certification from the Directorate General of Aeronautical Quality Assurance (DGAQA) and is now a Ministry of Defence-certified supplier.”
Amara Raja Energy MobAuto Components & EquipmentsMention-only₹13,139 CrP/E 14.3 vs 26.7ROCE 13.9%
Defence exposure only flagged as a future outlook driver (replacement demand from defence communication applications), with no current revenue or contracts described.
“Replacement demand from defence communication applications is also expected to contribute to business volumes in the coming years.”
Ramkrishna ForgingsAuto Components & EquipmentsMention-only₹12,605 CrP/E 117.7 vs 26.7ROCE 2.0%
MD&A highlights defence & aerospace as a high-growth vertical boosting domestic forging demand; referenced as an industry-level opportunity for forging players rather than a stated Company segment.
“Defence and Aerospace: The sector emerged as a high-growth vertical with increasing order books for artillery systems, armoured vehicles, and aerospace components.”
NMDC SteelIron & SteelMention-only₹11,444 CrP/E 126.0 vs 15.2ROCE 0.5%
Defence is listed as one of several downstream application areas for NSL's hot rolled steel; not a stated business line or principal segment.
“This technological capability allows the Plant to cater to diverse applications across LPG cylinders, bridges, steel structures, ships, large diameter pipes, storage tanks, boilers, railway wagons and pressure vessels, as well as automotive, engineering and defence applications.”
JK Tyre & IndustriesTyres & Rubber ProductsMention-only₹9,586 CrP/E 14.3 vs 25.4ROCE 9.9%
JK Tyre supplies some OTR and speciality tyres used in defence-linked applications as part of a broader specialty portfolio.
“In OTR and speciality tyres, new launches for construction, mining, access equipment and defence-linked applications expanded our participation in higher-value use cases.”
Maharashtra SeamlessIron & Steel ProductsMention-only₹8,641 CrP/E 11.7 vs 17.0ROCE 13.0%
The chairman references defence as one of the strategic sectors where MSL sees growth opportunities, but no specific defence products, contracts or revenue are described.
“Growing opportunities in infrastructure, defence, energy and other strategic sectors provide a favourable environment for your Company, and we are well positioned to participate in this growth.”
Defence is listed as a target application area for Tejas' mission-critical networking products, with no specific defence contracts or revenue disclosed.
Seshaasai TechnologiesFinancial Technology (Fintech)Mention-only₹5,752 CrP/E 18.6 vs 70.9ROCE 22.0%
Defence is named as one of the industry sectors the company exhibits in (AeroDef 2026 – IoT in Defence Sector), but no concrete products, contracts or supplies to armed forces/defence PSUs are described.
“From payments and retail to packaging, pharmaceuticals, defence and renewable energy, our presence across these platforms highlights the steady expansion of our business beyond the BFSI sector.”
The proposed amended MoA includes explosives, industrial explosives and ammunition among the company's permitted objects, but the text describes no current defence-related operations or revenue.
“To manufacture, formulate, process, import, export, buy, sell and otherwise deal in explosives, industrial explosives, ammunition, fireworks and allied explosive products and accessories for industrial, mining, commercial or other lawful purposes, subject to applicable laws, rules, regulations and licenses.”
Vishnu ChemicalsSpecialty ChemicalsMention-only₹4,496 CrP/E 30.0 vs 24.3ROCE 13.5%
Defence appears only as one item in a list of broader industry sectors whose growth drives demand for speciality chemicals; VCL does not describe itself as a defence supplier.
“Global investments across magnets, batteries, electronics, aerospace, defence, renewable energy and advanced industrial manufacturing are driving new demand for speciality and inorganic chemicals.”
MidwestGranites & MarblesMention-only₹3,616 CrP/E 31.4 vs 22.1ROCE 12.5%
Their Heavy Mineral Sands produce ilmenite and rutile as titanium feedstocks used in defence applications.
“Ilmenite and rutile serve as titanium feedstocks for pigments, aerospace, defence and industrial applications”
JTL IndustriesIron & Steel ProductsMention-only₹3,274 CrP/E 27.0 vs 17.0ROCE 8.4%
JTL Defence Limited subsidiary produces copper, brass and phosphorous alloys that the company describes as having 'defence-grade applications,' but no specific armed forces/defence PSU supply contracts are evidenced.
“We have also made a strategic entry into copper, brass and phosphorous bronze alloys through JTL Defence Limited. This has opened specialised opportunities in industrial and defence-grade applications.”
Axis SolutionsIndustrial ProductsMention-only₹3,023 CrP/E 99.8 vs 28.5ROCE 24.7%
Defence is listed as an industry the company serves, and capabilities were expanded into this sector during FY26, primarily through instrumentation and automation supply.
“During the year, we also expanded our capabilities into strategic sectors including Marine, Offshore, Defence, Railways, Nuclear, Renewable Energy, and Data Centers, reinforcing our position as a trusted engineering partner for mission-critical applications.”
Defence is referenced only as an applicable standard/specification set for assembly work and as a quality-assurance application area; no defence-specific products, orders or revenue are described.
“We also undertake the integration of high voltage, low voltage and signal level circuits in line with applicable railway and defence specifications.”
Paramount CommCables - ElectricalsMention-only₹1,682 CrP/E 27.7 vs 26.8ROCE 10.2%
Defence appears only as one of several listed served sectors with no specific products, contracts, approvals or revenue disclosed.
“Our diverse portfolio caters to a wide range of sectors, including power transmission and distribution, railways, telecom, renewable energy, defence, space, data centers, construction, IT, and oil & gas.”
Defence UAV capabilities referenced as forward-looking focus area for Scandron; current Scandron order book is industrial logistics/surveillance, not explicit defence revenue.
“We will strengthen our defence and industrial UAV capabilities with a focus on reliability, payload innovation, and mission readiness.”
KP Green EngineeringHeavy Electrical EquipmentMention-only₹1,345 CrP/E 6.4 vs 36.5ROCE 31.1%
Defence is named among the sectors the Company's capabilities serve, but no specific defence products, orders, customers or revenue are disclosed in the text.
“That capability serves a wide set of sectors: renewable energy, power and transmission, telecommunications, railways, roads and highways, chemicals, defence and broader infrastructure.”
Defence is listed as one of many application industries for the company's Positive Displacement Pumps; no segment reporting, order book or growth narrative specific to defence is provided.
“providing efficient and reliable pumping solutions to a diverse range of industries, including wastewater, sugar, paper, paint, oil & gas, chemicals & process, ceramics, food & beverages, renewable energy & power, mining & explosives, marine & defense and many more.”
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“Expanding our presence in high-growth sectors such as wastewater, biogas, oil & gas, mining, navy and defence;”
Neetu YoshiCastings & ForgingsMention-only₹885 CrP/E 39.5 vs 26.9ROCE 21.8%
Defence is referenced only as a future, aspirational adjacent market with no current revenue, orders, or committed projects.
“Beyond railways, the Company has indicated that it is exploring opportunities in the defence and broader engineering sectors over time.”
Prostarm Info SystemsOther Electrical EquipmentMention-only₹751 CrP/E 19.0 vs 24.6ROCE 14.9%
Defence listed as one of the served industry sectors, but no specific defence equipment, ordnance or defence-PSU contracts are described in this section.
“Strong presence across Healthcare, Railways, Defence, Telecom, Aviation and Other Industrial Sectors”
CWDConsumer ElectronicsMention-only₹635 CrP/E 14.9 vs 31.1ROCE 13.8%
CWD operates in the wireless voice communication/walkie-talkie market where defence and public safety tenders represent a stated demand driver, though this is framed as industry opportunity rather than confirmed CWD defence revenue.
“Demand from government, defence and public safety agencies is expected to strengthen further, with multiple state governments and public sector organizations issuing tenders for professional communication equipment to enhance emergency response, law enforcement and critical communication infrastructure.”
R.P.P Infra ProjectsCivil ConstructionMention-only₹263 CrP/E 63.9 vs 14.6ROCE 2.0%
RPP has a single building construction contract for the National Academy of Defence Financial Management (NADFM), Pune, indicating incidental defence-adjacent work.
“construction of office cum training Building and Residential Accommodation for officers and staff of national academy of defence financial Management (NADFM) Pune, for Rs. 125.92 Crores.”
Defence vehicles are listed only as a proposed new object clause in the MOA alteration, with no current operations or revenue in this theme.
“9. To carry on the business of dealing, manufacturing, producing, purchasing, selling, trading, importing, exporting, distributing, supplying, leasing, renting, hiring or otherwise in any manner with all kinds of cranes, lifting equipment, material handling equipment, heavy machinery, construction equipment, agricultural equipment, earthmoving machinery, industrial machinery, vehicles including utility vehicles and defence vehicles, spare parts, accessories, components, consumables and allied products”
Glittek GranitesOther Construction MaterialsMention-only₹204 CrP/E 232.4 vs 29.1ROCE -3.6%
Defence is listed only as one of many application areas in the proposed R&D/technology-integration objects clause; no specific defence business or products are described.
“semiconductor technologies, electronics, aerospace, defence, mobility, robotics, artificial intelligence, energy transition technologies and other emerging technologies”
Defence is listed among the sectors the company's geotechnical products serve, but no specific defence contracts or projects are described in the text.
“The Company's products and services cater to government and private sector clients across various sectors, including roads, railways, airports, irrigation, water resources, energy, mining, defence, and real estate.”
Defence is referenced only as one of several end-use sectors in outlook/strategy language; no specific defence products, contracts or revenue are disclosed.
“With increasing applications of aluminium across automotive, electric mobility, construction, consumer products, engineering, defence, and other industries, the Company is positioned to leverage its capabilities and deepen its market presence.”
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“catering to industries such as automotive, electric vehicles, consumer appliances, cookware, construction, aviation, defence, LED lighting, and industrial extrusions.”
Defence is referenced only as one of several end-sectors the company serves, with no orders, revenue figures or specific defence products disclosed in the opening section.
“What began as a modest workshop in Nashik with a small team and a single moulding machine has, over the past twenty-six years, grown into a publicly listed precision manufacturing enterprise serving customers across the electrical, automotive, industrial, healthcare and defence-aligned sectors.”
Rapicut CarbidesIndustrial ProductsMention-only₹121 CrP/E 58.7 vs 28.5ROCE 9.3%
Rapicut identifies defence and aerospace carbide applications as a market opportunity but reports no defence revenue, orders or committed projects.
“Defence & Aerospace – participating in India's expanding defence manufacturing and aerospace ecosystem.”
Company has formally rebranded from a lamp manufacturer to 'Defence and Technology', but the opening pages of this annual report contain only procedural AGM/notice content with no description of actual defence products, services, contracts, customers, or segment revenue.
“For Uravi Defence and Technology Limited (Formerly known as Uravi T and Wedge Lamps Limited)”
Simplex CastingsOther Industrial ProductsMention-only₹110 CrP/E 6.7 vs 16.9ROCE 0.3%
Defence is listed as one of many end-user industries served; components supplied for defence equipment applications but no specific defence orders, contracts or dedicated defence business segment discussed.
“Steel manufacturing Railway infrastructure Mining operations Defence equipment Power generation”
Defence is described as a strategic growth opportunity, but the company is only 'evaluating' it with no committed orders, capex or production disclosed yet.
“Hilton is evaluating opportunities in the manufacture and supply of forged empty artillery shells and other precision-forged defence components.”
Definition used: Supplies equipment, systems, components or services to armed forces or defence PSUs — ordnance, platforms, electronics, shipbuilding, aerospace defence. Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
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