The defence sector is witnessing significant advancements, particularly in the manufacturing of firearms. The companies are increasingly focusing on enhancing their production capabilities to meet both domestic and international demands. Recent developments have highlighted the strategic importance of machine gun production, with firms like Paras Defence and Space Technologies, Lokesh Machine, and Adani Enterprises Limited (Adani Defence and Aerospace) leading the charge in this critical area.
Here are the top defence stocks specializing in Machine Gun Manufacturing in India:
1. Paras Defence and Space Technologies Ltd
With a market capitalization of Rs. 4,105.72 crores, the shares of Paras Defence and Space Technologies Limited were closed at Rs. 1018.95 per equity share, down nearly around 4.67 percent from its previous day’s close price of Rs. 1068.85.
Paras Defence and Space Technologies Limited has a robust order book exceeding Rs. 850 crore. The company recently secured a lifetime license under the Arms Act 1959, to manufacture MK-46 and MK-48 belt-fed light machine guns with an annual production capacity of 6,000 units each.
Paras Defence and Space Technologies Limited’s revenue has increased from Rs. 61 crore in Q2 FY24 to Rs. 87 crore in Q2 FY25, which has grown by 42.62 percent. The net profit of Waaree Renewable Technologies Limited has grown by 44.44 percent from Rs. 9 crore in Q2 FY24 to Rs. 13 crore in Q2 FY25.
Paras Defence and Space Technologies Limited was established in 2015 with origins dating back to 1979. The company is a leading Indian company specializing in designing, developing, manufacturing, and testing defence and space engineering products.
The company operates across four key segments, such as Defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions.
2. Lokesh Machines Limited
With a market capitalization of Rs. 555.74 crores, the shares of Lokesh Machines Limited were closed at Rs. 300.45 per equity share, down nearly around 3.79 percent from its previous day’s close price of Rs. 312.30.
As of September 30, 2024, the company holds a strong consolidated order book of Rs. 208.08 crores. The Machine Tools Division leads with a closing order book of Rs. 145.08 crores, while the Auto Components and Defence Division maintains steady growth with Rs. 63 crores.
Lokesh Machines Limited’s revenue has decreased from Rs. 76.42 crore in Q2 FY24 to Rs. 75.32 crore in Q2 FY25, which has down by 1.44 percent. The net profit of Waaree
Renewable Technologies Limited has grown by 5.78 percent, from Rs. 3.29 crore in Q2 FY24 to Rs. 3.48 crore in Q2 FY25.
Lokesh Machines Limited was incorporated in 1983 and is headquartered in Bala Nagar, Hyderabad. Lokesh Machines Limited is a prominent manufacturer of precision CNC machines, special purpose machines (SPMs), and general purpose machines. The company also specializes in producing connecting rods and machining cylinder blocks and heads, serving the automotive and aerospace sectors.
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3. Adani Enterprises Limited (Adani Defence and Aerospace)
With a market capitalization of Rs. 2,74,002.51 crores, the shares of Adani Enterprises Limited were closed at Rs. 2374 per equity share, down nearly around 4.37 percent from its previous day’s close price of Rs. 2482.50.
Adani Defence, a subsidiary of Adani Enterprises Limited, focuses on manufacturing fighter aircraft, UAS, helicopters, submarines, air defense systems, and missiles. Through partnerships with global OEMs and Indian MSMEs, it boosts local manufacturing.
Recent milestones include new missile facilities in Uttar Pradesh and joint ventures with Elbit Systems and Thales Group for advanced defense solutions.
Adani Enterprises Limited’s revenue has increased from Rs. 23,066 crore in Q2 FY24 to Rs. 23,196 crore in Q2 FY25, which has grown by 5.64 percent. The net profit of Waaree Renewable Technologies Limited has grown by 664.53 percent, from Rs. 227.82 crore in Q2 FY24 to Rs. 1,741.75 crore in Q2 FY25.
Adani Enterprises Limited was founded in 1988 by Gautam Adani. Adani Enterprises Limited is the flagship company of the Adani Group. Initially a commodity trading firm, it has grown into a global multinational holding company.
The company operates across diverse sectors, including mining, power generation, renewable energy, infrastructure development, airports, data centers, defense, and aerospace.
Written By – Nikhil Naik
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