{"id":148633,"date":"2026-07-13T12:32:43","date_gmt":"2026-07-13T07:02:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=148633"},"modified":"2026-07-13T12:32:44","modified_gmt":"2026-07-13T07:02:44","slug":"psu-defence-stocks-beyond-bel-hal-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/psu-defence-stocks-beyond-bel-hal-2026\/","title":{"rendered":"3 PSU Defence Stocks Beyond BEL and HAL Riding India’s Naval Modernisation"},"content":{"rendered":"
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BDL CMP Rs 1,206.95, mkt cap Rs 42,710 Cr. Mazagon Dock CMP Rs 2,398.90, order book Rs 20,535 Cr. GRSE CMP Rs 2,740.30, order book Rs 15,320 Cr.<\/em><\/p>\n

Bharat Dynamics, Mazagon Dock Shipbuilders and Garden Reach Shipbuilders are three PSU defence stocks beyond BEL and HAL that are less discussed but carry equally strong order books tied to India’s missile and naval modernisation programmes.<\/p>\n

While BEL and HAL dominate headlines, India’s Rs 6.97 lakh crore Maritime Development Package and a naval commissioning super-cycle expected to add one warship every 40 to 42 days from 2026 are creating multi-year visibility for these PSU defence stocks beyond BEL and HAL.<\/p>\n

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This article examines BDL, Mazagon Dock and GRSE as the next tier of PSU defence stocks beyond BEL and HAL, covering their order books, capabilities and risks.<\/p>\n

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