Defence order inflows
In focusDAC approvals hit a record ~Rs 6.7 lakh crore in FY26, but the big contracts (P-75I, QRSAM, next-gen corvettes) were still unsigned into Q2 FY27 and PSU order inflows fell last year. Watch conversion, not announcements.
Avg read 7.38 covered · scores as of Q2 FY27
CompanyQ · G · V · Read
Theme 03Since Q1 FY27
Defence order inflows
In focus
DAC approvals hit a record ~Rs 6.7 lakh crore in FY26, but the big contracts (P-75I, QRSAM, next-gen corvettes) were still unsigned into Q2 FY27 and PSU order inflows fell last year. Watch conversion, not announcements.
Naval orders in sight
₹1.5 lakh cr
₹80k cr live RFPs + ₹70k cr upcoming
Navy fleet
150 ships
→ 230 over 5-7 years
Indigenisation
80-85%
of recent GRSE projects
The board · every name on the leaderboard's four scores
8 coveredScores as of Q2 FY27
- 1Garden Reach Shipbuilders & Engineers LimitedBest read8.5Strongly Bullish7.3Strong6.6Undervalued7.7Aligned & cheap1Garden Reach Shipbuilders & Engineers LimitedBest readQ8.5G7.3V6.6Read7.7
- 2MTAR Technologies LimitedQ8.0G8.3V2.8Read7.5
- 3Rossell Techsys LimitedQ7.0G8.5V—Read7.4