{"id":321168,"date":"2026-10-21T16:10:46","date_gmt":"2026-10-21T10:40:46","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=321168"},"modified":"2026-10-21T16:10:46","modified_gmt":"2026-10-21T10:40:46","slug":"fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/","title":{"rendered":"3 Fighter Aircraft, Defence Electronics and Rocket Motors Stocks With a Strong Future Roadmap: Hindustan Aeronautics, Centum Electronics and Premier Explosives"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Hindustan Aeronautics, Centum Electronics and Premier Explosives: ROE of 15.8% to 29.3% and FY22 to FY26 revenue CAGR of 5.3% to 20.8%. Prices as of 20 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three aerospace and defence stocks to watch are Hindustan Aeronautics, Centum Electronics and Premier Explosives. Their return on equity ranges from 15.8% to 29.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.3% to 20.8%. Centum Electronics has the highest return on equity at 29.3%, while Premier Explosives has the fastest revenue growth at 20.8% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Aerospace and defence stocks follow India&#8217;s push to build aircraft, electronics and munitions at home. Hindustan Aeronautics, Centum Electronics and Premier Explosives cover a leading aircraft and helicopter maker, a defence and space electronics supplier and a maker of explosives and rocket propellants.<\/p>\n<p>This list covers three aerospace and defence stocks with complete current figures: Hindustan Aeronautics, Centum Electronics and Premier Explosives. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#What_Are_Aerospace_and_Defence_Stocks\" title=\"What Are Aerospace and Defence Stocks?\">What Are Aerospace and Defence Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Aerospace_and_Defence_Stocks_at_a_Glance\" title=\"Aerospace and Defence Stocks at a Glance\">Aerospace and Defence Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Why_Do_Aerospace_and_Defence_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Aerospace and Defence Stocks Have a Strong Roadmap in India?\">Why Do Aerospace and Defence Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Why_Hindustan_Aeronautics_Features_Among_These_Aerospace_and_Defence_Stocks\" title=\"Why Hindustan Aeronautics Features Among These Aerospace and Defence Stocks\">Why Hindustan Aeronautics Features Among These Aerospace and Defence Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Why_Centum_Electronics_Features_Among_These_Aerospace_and_Defence_Stocks\" title=\"Why Centum Electronics Features Among These Aerospace and Defence Stocks\">Why Centum Electronics Features Among These Aerospace and Defence Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Why_Premier_Explosives_Features_Among_These_Aerospace_and_Defence_Stocks\" title=\"Why Premier Explosives Features Among These Aerospace and Defence Stocks\">Why Premier Explosives Features Among These Aerospace and Defence Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Hindustan_Aeronautics_vs_Centum_Electronics_vs_Premier_Explosives_on_Key_Financials\" title=\"Hindustan Aeronautics vs Centum Electronics vs Premier Explosives on Key Financials\">Hindustan Aeronautics vs Centum Electronics vs Premier Explosives on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Key_Risks_to_Check_Before_Investing_in_Aerospace_and_Defence_Stocks\" title=\"Key Risks to Check Before Investing in Aerospace and Defence Stocks\">Key Risks to Check Before Investing in Aerospace and Defence Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Final_Thoughts_on_Aerospace_and_Defence_Stocks\" title=\"Final Thoughts on Aerospace and Defence Stocks\">Final Thoughts on Aerospace and Defence Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#What_are_aerospace_and_defence_stocks\" title=\"What are aerospace and defence stocks?\">What are aerospace and defence stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Which_aerospace_and_defence_stocks_are_covered_in_this_list\" title=\"Which aerospace and defence stocks are covered in this list?\">Which aerospace and defence stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Why_do_aerospace_and_defence_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do aerospace and defence stocks have a strong future roadmap in India?\">Why do aerospace and defence stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#How_has_Hindustan_Aeronautics_performed_financially\" title=\"How has Hindustan Aeronautics performed financially?\">How has Hindustan Aeronautics performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#How_has_Centum_Electronics_performed_financially\" title=\"How has Centum Electronics performed financially?\">How has Centum Electronics performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#How_has_Premier_Explosives_performed_financially\" title=\"How has Premier Explosives performed financially?\">How has Premier Explosives performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#What_risks_should_investors_check_before_buying_aerospace_and_defence_stocks\" title=\"What risks should investors check before buying aerospace and defence stocks?\">What risks should investors check before buying aerospace and defence stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/fighter-aircraft-defence-electronics-and-rocket-motors-stocks-roadmap-waypoint-list\/#Is_this_list_of_aerospace_and_defence_stocks_investment_advice\" title=\"Is this list of aerospace and defence stocks investment advice?\">Is this list of aerospace and defence stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Aerospace_and_Defence_Stocks\"><\/span><strong>What Are Aerospace and Defence Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aerospace and defence stocks are listed companies that make aircraft, electronic systems, propellants and other products for the armed forces and space programmes. Their earnings follow government orders, execution timelines and exports.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aerospace_and_Defence_Stocks_at_a_Glance\"><\/span><strong>Aerospace and Defence Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/hal\/hindustan-aeronautics-ltd-share-price-today\">Hindustan Aeronautics<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,959<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">330,709<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/centum\/centum-electronics-ltd-share-price-today\">Centum Electronics<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,985.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,883<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">119.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.36<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/premexpln\/premier-explosives-ltd-share-price-today\">Premier Explosives<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">692.85<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,722<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">111.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.11<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Hindustan Aeronautics trades at a P\/E below the industry P\/E, while Centum Electronics and Premier Explosives trade above it, which reflects the growth the market already expects. Readers comparing aerospace and defence stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Aerospace_and_Defence_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Aerospace and Defence Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aerospace and defence stocks have a strong roadmap in India because the government is raising defence spending, promoting local production and opening export routes for Indian-made equipment.<\/p>\n<ul>\n<li><strong>Local production.<\/strong> Policy support for domestic sourcing raises orders for Indian makers.<\/li>\n<li><strong>Large order books.<\/strong> Multi-year contracts give revenue visibility.<\/li>\n<li><strong>Export potential.<\/strong> Indian defence products are gaining buyers overseas.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Hindustan_Aeronautics_Features_Among_These_Aerospace_and_Defence_Stocks\"><\/span><strong>Why Hindustan Aeronautics Features Among These Aerospace and Defence Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the aerospace and defence stocks on this list, Hindustan Aeronautics is India&#8217;s leading aerospace and defence company, making fighter aircraft, helicopters, engines and avionics, and providing repair and overhaul services for the armed forces.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><strong>Roadmap:<\/strong> 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.<\/p>\n<p><strong>What to watch:<\/strong> Track deliveries of new aircraft and progress on engine and helicopter programmes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Centum_Electronics_Features_Among_These_Aerospace_and_Defence_Stocks\"><\/span><strong>Why Centum Electronics Features Among These Aerospace and Defence Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the fighter aircraft shares on this list, Centum Electronics is a Bengaluru-based maker of electronic systems and sub-systems for defence, aerospace, space, industrial and medical customers, with design and manufacturing capability in India and overseas.<\/p>\n<p>Revenue rose from Rs 788 crore in FY22 to Rs 969 crore in FY26, a compound annual growth rate of 5.3%. Net profit grew from Rs 50.4 crore in FY25 to Rs 101 crore in FY26, a rise of 99.7%.<\/p>\n<p>In the June 2026 quarter, revenue grew 13.7% year on year to Rs 206 crore. The company has a return on equity of 29.3%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,883 crore. The stock trades at a P\/E of 119.3, above the industry P\/E of 48.1.<\/p>\n<p><strong>Roadmap:<\/strong> The company designs electronics for demanding uses where reliability is critical and wins long-term programmes with global and Indian customers. Higher defence and space spending in India supports its order flow.<\/p>\n<p><strong>What to watch:<\/strong> Monitor order inflow in defence and aerospace and execution of long-term programmes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Premier_Explosives_Features_Among_These_Aerospace_and_Defence_Stocks\"><\/span><strong>Why Premier Explosives Features Among These Aerospace and Defence Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Premier Explosives makes industrial explosives, detonators, propellants and defence products, and is a supplier of rocket motors and solid propellants for strategic and space programmes.<\/p>\n<p>Revenue rose from Rs 202 crore in FY22 to Rs 430 crore in FY26, a compound annual growth rate of 20.8%. Net profit grew from Rs 5.2 crore in FY22 to Rs 45.8 crore in FY26, which works out to a compound annual growth rate of 72.1%.<\/p>\n<p>The company has a return on equity of 15.8%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 3,722 crore. The stock trades at a P\/E of 111.0, above the industry P\/E of 48.1.<\/p>\n<p><strong>Roadmap:<\/strong> The company is moving up the value chain into defence and space propellants, which carry higher margins than civil explosives. Orders from strategic programmes and capacity expansion support the plan.<\/p>\n<p><strong>What to watch:<\/strong> Check the execution of defence and space orders, which can be uneven from one quarter to the next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hindustan_Aeronautics_vs_Centum_Electronics_vs_Premier_Explosives_on_Key_Financials\"><\/span><strong>Hindustan Aeronautics vs Centum Electronics vs Premier Explosives on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three aerospace and defence stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Hindustan Aeronautics<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25,605<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36,788<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,116<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Centum Electronics<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">788<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">969<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">101<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Premier Explosives<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">202<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">430<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">45.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Centum Electronics posts the highest return on equity in this group at 29.3%. Hindustan Aeronautics has the largest FY26 revenue at Rs 36,788 crore, and Premier Explosives shows the fastest revenue growth with a 20.8% compound annual rate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Aerospace_and_Defence_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Aerospace and Defence Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these aerospace and defence stocks, the main points are:<\/p>\n<ul>\n<li><strong>Order timing.<\/strong> Government orders and deliveries can shift between quarters.<\/li>\n<li><strong>Qualification cycles.<\/strong> New products need long testing before supply.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter aerospace and defence stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Aerospace_and_Defence_Stocks\"><\/span><strong>Final Thoughts on Aerospace and Defence Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aerospace and defence stocks suit investors who follow order books and delivery schedules. Hindustan Aeronautics, Centum Electronics and Premier Explosives each have a clear role in defence self-reliance. Based on the 20 October 2026 close, Hindustan Aeronautics trades at Rs 4,959, Centum Electronics at Rs 3,985.4 and Premier Explosives at Rs 692.85.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track aerospace and defence stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_aerospace_and_defence_stocks\"><\/span><strong>What are aerospace and defence stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Aerospace and defence stocks are listed companies that make aircraft, electronic systems, propellants and other products for the armed forces and space programmes. Their earnings follow government orders, execution timelines and exports. This list looks at three of them, Hindustan Aeronautics, Centum Electronics and Premier Explosives, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_aerospace_and_defence_stocks_are_covered_in_this_list\"><\/span><strong>Which aerospace and defence stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Hindustan Aeronautics, Centum Electronics and Premier Explosives. Based on the 20 October 2026 close, Hindustan Aeronautics traded at Rs 4,959, Centum Electronics at Rs 3,985.4 and Premier Explosives at Rs 692.85. Their return on equity ranges from 15.8% to 29.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.3% to 20.8%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_aerospace_and_defence_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do aerospace and defence stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Aerospace and defence stocks have a strong roadmap in India because the government is raising defence spending, promoting local production and opening export routes for Indian-made equipment. The main drivers are as follows. Local production. Policy support for domestic sourcing raises orders for Indian makers. Large order books. Multi-year contracts give revenue visibility. Export potential. Indian defence products are gaining buyers overseas. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Hindustan_Aeronautics_performed_financially\"><\/span><strong>How has Hindustan Aeronautics performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Centum_Electronics_performed_financially\"><\/span><strong>How has Centum Electronics performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 788 crore in FY22 to Rs 969 crore in FY26, a compound annual growth rate of 5.3%. Net profit grew from Rs 50.4 crore in FY25 to Rs 101 crore in FY26, a rise of 99.7%. In the June 2026 quarter, revenue grew 13.7% year on year to Rs 206 crore. The company has a return on equity of 29.3%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,883 crore. The stock trades at a P\/E of 119.3, above the industry P\/E of 48.1. Looking ahead, the company designs electronics for demanding uses where reliability is critical and wins long-term programmes with global and Indian customers. Higher defence and space spending in India supports its order flow.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Premier_Explosives_performed_financially\"><\/span><strong>How has Premier Explosives performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 202 crore in FY22 to Rs 430 crore in FY26, a compound annual growth rate of 20.8%. Net profit grew from Rs 5.2 crore in FY22 to Rs 45.8 crore in FY26, which works out to a compound annual growth rate of 72.1%. The company has a return on equity of 15.8%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 3,722 crore. The stock trades at a P\/E of 111.0, above the industry P\/E of 48.1. Looking ahead, the company is moving up the value chain into defence and space propellants, which carry higher margins than civil explosives. Orders from strategic programmes and capacity expansion support the plan.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_aerospace_and_defence_stocks\"><\/span><strong>What risks should investors check before buying aerospace and defence stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying aerospace and defence stocks. Order timing. Government orders and deliveries can shift between quarters. Qualification cycles. New products need long testing before supply. 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_aerospace_and_defence_stocks_investment_advice\"><\/span><strong>Is this list of aerospace and defence stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 20 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are aerospace and defence stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Aerospace and defence stocks are listed companies that make aircraft, electronic systems, propellants and other products for the armed forces and space programmes. Their earnings follow government orders, execution timelines and exports. This list looks at three of them, Hindustan Aeronautics, Centum Electronics and Premier Explosives, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which aerospace and defence stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Hindustan Aeronautics, Centum Electronics and Premier Explosives. Based on the 20 October 2026 close, Hindustan Aeronautics traded at Rs 4,959, Centum Electronics at Rs 3,985.4 and Premier Explosives at Rs 692.85. Their return on equity ranges from 15.8% to 29.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.3% to 20.8%.\"}},{\"@type\":\"Question\",\"name\":\"Why do aerospace and defence stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Aerospace and defence stocks have a strong roadmap in India because the government is raising defence spending, promoting local production and opening export routes for Indian-made equipment. The main drivers are as follows. Local production. Policy support for domestic sourcing raises orders for Indian makers. Large order books. Multi-year contracts give revenue visibility. Export potential. Indian defence products are gaining buyers overseas. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Hindustan Aeronautics performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has Centum Electronics performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 788 crore in FY22 to Rs 969 crore in FY26, a compound annual growth rate of 5.3%. Net profit grew from Rs 50.4 crore in FY25 to Rs 101 crore in FY26, a rise of 99.7%. In the June 2026 quarter, revenue grew 13.7% year on year to Rs 206 crore. The company has a return on equity of 29.3%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,883 crore. The stock trades at a P\/E of 119.3, above the industry P\/E of 48.1. 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Orders from strategic programmes and capacity expansion support the plan.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying aerospace and defence stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying aerospace and defence stocks. Order timing. Government orders and deliveries can shift between quarters. Qualification cycles. New products need long testing before supply. 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.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of aerospace and defence stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 20 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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aerospace and Defence Stocks with a strong future roadmap: Hindustan Aeronautics, Centum Electronics and Premier Explosives. Compare price, valuation, return on equity and revenue growth as of 20 October 2026.<\/p>\n","protected":false},"author":28,"featured_media":321167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[1173,3803,5446,14126,14125,7762,13955],"class_list":["post-321168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-aerospace-and-defence-stocks","tag-best-stocks","tag-centum-electronics","tag-defence-manufacturing-stocks","tag-fighter-aircraft-shares","tag-hindustan-aeronautics","tag-premier-explosives"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["321167"],"rank_math_title":["Aerospace and Defence Stocks With a Strong Roadmap"],"rank_math_description":["Compare 3 aerospace and defence stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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