3 Aircraft and Helicopters, Precision Components and Electronics Manufacturing Stocks With a Strong Future Roadmap: Hindustan Aeronautics, MTAR Technologies and Syrma SGS Technology
- October 22, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Hindustan Aeronautics, MTAR Technologies and Syrma SGS Technology: ROE of 11.1% to 22.2% and FY22 to FY26 revenue CAGR of 9.5% to 39.4%. Prices as of 21 Oct 2026.
Quick Answer
The three aerospace and electronics manufacturing stocks to watch are Hindustan Aeronautics, MTAR Technologies and Syrma SGS Technology. Their return on equity ranges from 11.1% to 22.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.5% to 39.4%. Hindustan Aeronautics has the highest return on equity at 22.2%, while Syrma SGS Technology has the fastest revenue growth at 39.4% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.
Aerospace and electronics manufacturing stocks let investors follow companies that build aircraft, precision parts and electronic products. Hindustan Aeronautics, MTAR Technologies and Syrma SGS Technology cover aircraft and helicopters, precision components, and electronics manufacturing services.
This list covers three aerospace and electronics manufacturing stocks with complete current figures: Hindustan Aeronautics, MTAR Technologies and Syrma SGS Technology. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.
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What Are Aerospace and Electronics Manufacturing Stocks?
Aerospace and electronics manufacturing stocks are listed companies that make aircraft, critical components and electronic systems for defence, space, clean energy and industrial customers. Their earnings depend on order books, execution speed and capacity.
Aerospace and Electronics Manufacturing Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Hindustan Aeronautics | 4,854.4 | 330,709 | 35.5 | 48.1 | 22.2 | 0.00 |
| MTAR Technologies | 6,932 | 22,064 | 165.4 | 48.1 | 11.4 | 0.46 |
| Syrma SGS Technology | 1,473.1 | 29,841 | 74.3 | 73.6 | 11.1 | 0.14 |
On valuation, Hindustan Aeronautics trades at a P/E below the industry P/E, while MTAR Technologies and Syrma SGS Technology trade above it, which reflects the growth the market already expects. Readers comparing aerospace and electronics manufacturing stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Aerospace and Electronics Manufacturing Stocks Have a Strong Roadmap in India?
Aerospace and electronics manufacturing stocks have a strong roadmap in India because local production policy, rising defence and space spending and the growth of electronics manufacturing are building long order pipelines.
- Local production push. Government policy favours Indian-made aircraft and electronics.
- Qualification barriers. Space and clean energy parts need years of customer approval.
- Electronics demand. More devices and vehicles use locally assembled electronics.
Why Hindustan Aeronautics Features Among These Aerospace and Electronics Manufacturing Stocks
Among the aerospace and electronics manufacturing stocks on this list, Hindustan Aeronautics is India’s leading aerospace and defence company, making fighter aircraft, helicopters, engines and avionics, and providing repair and overhaul services for the armed forces.
In the June 2026 quarter, revenue grew 15.3% year on year to Rs 6,415 crore, while net profit rose 14.9% to Rs 1,590 crore. Revenue rose from Rs 25,605 crore in FY22 to Rs 36,788 crore in FY26, a compound annual growth rate of 9.5%.
Net profit grew from Rs 5,080 crore in FY22 to Rs 9,116 crore in FY26, which works out to a compound annual growth rate of 15.7%. The company has a return on equity of 22.2%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 330,709 crore. The stock trades at a P/E of 35.5, below the industry P/E of 48.1.
Roadmap: The company has a large order book that includes light combat aircraft, helicopters and licensed production of fighter jets, and it is working on new engine programmes with global partners. Its overhaul and maintenance work provides recurring revenue.
What to watch: Track deliveries of new aircraft and progress on engine and helicopter programmes.
Why MTAR Technologies Features Among These Aerospace and Electronics Manufacturing Stocks
Among the aircraft maker shares on this list, MTAR Technologies is a Hyderabad-based maker of precision engineered components and assemblies for clean energy, nuclear, space and defence customers.
The company has a return on equity of 11.4%, a debt to equity ratio of 0.46 and a market capitalisation of Rs 22,064 crore. The stock trades at a P/E of 165.4, above the industry P/E of 48.1.
Revenue rose from Rs 331 crore in FY22 to Rs 899 crore in FY26, a compound annual growth rate of 28.4%. Net profit grew from Rs 60.9 crore in FY22 to Rs 94.0 crore in FY26, which works out to a compound annual growth rate of 11.5%.
Roadmap: The company supplies critical parts for fuel cell systems, space launch vehicles and nuclear power programmes, areas where qualification takes years and customer relationships are long-lasting. Added capacity and a growing order book support future revenue.
What to watch: Check order book execution in clean energy and the ramp-up of newly added capacity.
Why Syrma SGS Technology Features Among These Aerospace and Electronics Manufacturing Stocks
Among the three companies on this list, Syrma SGS Technology is an electronics manufacturing services company that makes printed circuit boards, box builds and electronic products for industrial, automotive, healthcare and consumer customers.
Revenue rose from Rs 1,284 crore in FY22 to Rs 4,857 crore in FY26, a compound annual growth rate of 39.4%. Net profit grew from Rs 76.4 crore in FY22 to Rs 346 crore in FY26, which works out to a compound annual growth rate of 45.8%.
The company has a return on equity of 11.1%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 29,841 crore. The stock trades at a P/E of 74.3, above the industry P/E of 73.6.
Roadmap: The company benefits from the shift of electronics manufacturing to India, supported by government incentives. It is adding capacity and new capabilities in areas such as RFID, magnetics and printed circuit boards.
What to watch: Check order inflow from new customers and the ramp-up of new manufacturing lines.
Hindustan Aeronautics vs MTAR Technologies vs Syrma SGS Technology on Key Financials
The table below sets the three aerospace and electronics manufacturing stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Hindustan Aeronautics | 25,605 | 36,788 | 9.5% | 9,116 | 24.8% |
| MTAR Technologies | 331 | 899 | 28.4% | 94.0 | 10.5% |
| Syrma SGS Technology | 1,284 | 4,857 | 39.4% | 346 | 7.1% |
Hindustan Aeronautics posts the highest return on equity in this group at 22.2%. Hindustan Aeronautics has the largest FY26 revenue at Rs 36,788 crore, and Syrma SGS Technology shows the fastest revenue growth with a 39.4% compound annual rate. A useful habit with aerospace and electronics manufacturing stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Aerospace and Electronics Manufacturing Stocks
Every theme carries risks that deserve a check before any decision. For these aerospace and electronics manufacturing stocks, the main points are:
- Order timing. Large programmes can shift between quarters.
- Execution demands. Strict delivery and quality schedules must be met.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter aerospace and electronics manufacturing stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Aerospace and Electronics Manufacturing Stocks
Aerospace and electronics manufacturing stocks reward investors who follow order books, deliveries and capacity additions together. Hindustan Aeronautics, MTAR Technologies and Syrma SGS Technology each play a different part in the supply chain. Based on the 21 October 2026 close, Hindustan Aeronautics trades at Rs 4,854.4, MTAR Technologies at Rs 6,932 and Syrma SGS Technology at Rs 1,473.1.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are aerospace and electronics manufacturing stocks?
Ans. Aerospace and electronics manufacturing stocks are listed companies that make aircraft, critical components and electronic systems for defence, space, clean energy and industrial customers. Their earnings depend on order books, execution speed and capacity. This list looks at three of them, Hindustan Aeronautics, MTAR Technologies and Syrma SGS Technology, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.
Which aerospace and electronics manufacturing stocks are covered in this list?
Ans. This list covers Hindustan Aeronautics, MTAR Technologies and Syrma SGS Technology. Based on the 21 October 2026 close, Hindustan Aeronautics traded at Rs 4,854.4, MTAR Technologies at Rs 6,932 and Syrma SGS Technology at Rs 1,473.1. Their return on equity ranges from 11.1% to 22.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.5% to 39.4%.
Why do aerospace and electronics manufacturing stocks have a strong future roadmap in India?
Ans. Aerospace and electronics manufacturing stocks have a strong roadmap in India because local production policy, rising defence and space spending and the growth of electronics manufacturing are building long order pipelines. The main drivers are as follows. Local production push. Government policy favours Indian-made aircraft and electronics. Qualification barriers. Space and clean energy parts need years of customer approval. Electronics demand. More devices and vehicles use locally assembled electronics. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Hindustan Aeronautics performed financially?
Ans. Revenue rose from Rs 25,605 crore in FY22 to Rs 36,788 crore in FY26, a compound annual growth rate of 9.5%. Net profit grew from Rs 5,080 crore in FY22 to Rs 9,116 crore in FY26, which works out to a compound annual growth rate of 15.7%. In the June 2026 quarter, revenue grew 15.3% year on year to Rs 6,415 crore, while net profit rose 14.9% to Rs 1,590 crore. The company has a return on equity of 22.2%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 330,709 crore. The stock trades at a P/E of 35.5, below the industry P/E of 48.1. Looking ahead, the company has a large order book that includes light combat aircraft, helicopters and licensed production of fighter jets, and it is working on new engine programmes with global partners. Its overhaul and maintenance work provides recurring revenue.
How has MTAR Technologies performed financially?
Ans. Revenue rose from Rs 331 crore in FY22 to Rs 899 crore in FY26, a compound annual growth rate of 28.4%. Net profit grew from Rs 60.9 crore in FY22 to Rs 94.0 crore in FY26, which works out to a compound annual growth rate of 11.5%. The company has a return on equity of 11.4%, a debt to equity ratio of 0.46 and a market capitalisation of Rs 22,064 crore. The stock trades at a P/E of 165.4, above the industry P/E of 48.1. Looking ahead, the company supplies critical parts for fuel cell systems, space launch vehicles and nuclear power programmes, areas where qualification takes years and customer relationships are long-lasting. Added capacity and a growing order book support future revenue.
How has Syrma SGS Technology performed financially?
Ans. Revenue rose from Rs 1,284 crore in FY22 to Rs 4,857 crore in FY26, a compound annual growth rate of 39.4%. Net profit grew from Rs 76.4 crore in FY22 to Rs 346 crore in FY26, which works out to a compound annual growth rate of 45.8%. The company has a return on equity of 11.1%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 29,841 crore. The stock trades at a P/E of 74.3, above the industry P/E of 73.6. Looking ahead, the company benefits from the shift of electronics manufacturing to India, supported by government incentives. It is adding capacity and new capabilities in areas such as RFID, magnetics and printed circuit boards.
What risks should investors check before buying aerospace and electronics manufacturing stocks?
Ans. Investors should check a few risks before buying aerospace and electronics manufacturing stocks. Order timing. Large programmes can shift between quarters. Execution demands. Strict delivery and quality schedules must be met. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of aerospace and electronics manufacturing stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 21 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.