With rising tensions between India and Pakistan and the government pushing for more local defense manufacturing, Indian defense stocks have caught investors’ attention. Companies like Bharat Dynamics (BDL), BEML, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyards have seen strong interest lately.
Among these, BEL, BDL, and Mazagon Dock have recently shared their Q4 results for FY25. Here’s how they stack up and which one might be worth buying now.
BEL Q4 FY25 Results
Bharat Electronics reported a net profit of ₹2,105 crore, up 18% from ₹1,784 crore a year ago. Revenue grew 7% year-on-year to ₹9,119.7 crore. The company has a solid order book of ₹71,650 crore as of April 1, 2025. It has also declared a final dividend of ₹0.90 per share.
BDL Q4 FY25 Results
Bharat Dynamics’ profit fell 5.5% to ₹272.77 crore, but revenue more than doubled to ₹1,776.98 crore from ₹854.12 crore a year ago. It declared a final dividend of ₹0.65 per share.
Mazagon Dock Q4 FY25 Results
The profit of Mazagon Dock declined by 51% to ₹ 325.3 crore. Revenue increased by 2.3% to ₹ 3,174.4 crore. The company declared the final dividend of ₹ 2.71 per share.
Which Stock Looks the Best Right Now?
Looking at the numbers, Bharat Electronics (BEL) comes out on top. According to Seema Srivastava, a senior research analyst at SMC Global Securities, BEL’s strong earnings, large order pipeline, and wide product range make it a steady investment option.
While BDL and Mazagon Dock are important players in the defense sector, BDL’s profit drop and Mazagon’s sharp earnings decline are concerns in the short term. That said, both still have long-term potential.
Technical View
From a charting point of view, BEL is also showing strength. Ganesh Dongre from Anand Rathi pointed out that BEL’s stock is forming a bullish flag pattern, which usually signals a move higher. The ₹370 level is acting as a solid support, and with the stock trading around ₹385, it’s offering a good entry point for investors.
BDL shares are stuck between ₹ 1,800 and ₹ 2,030. It is not yet broken, so it is better to wait and see.
Mazagon Dock has already hit its projected upside and is near a strong resistance level, meaning the chances of big gains in the short term are limited.
Bottom Line: BEL Looks Strongest
BEL is the clear winner right now, both fundamentally and technically. With solid financials, a strong order book, and a promising chart setup, it looks like a good pick for both long-term investors and short-term traders. The stock looks attractive in the ₹385–₹390 range, with a potential target of ₹420–₹440 and a stop-loss at ₹370.
Disclaimer:
This content is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
