25,000 crore defense order creates a stir in the market, there is a chance to earn in these stocks!
Defense stocks are experiencing significant activity amid a record surge in the country's defense production. The order books of five companies, including Mazagon Dock, Cochin Shipyard, GRSE, Solar Industries, and BEML, have surpassed ₹15,000 to ₹25,000 crore. These bumper orders received under the "Make in India" initiative have made these stocks particularly popular among investors.
India's defense sector is currently undergoing a major transformation. This change is evident not only on paper, but also in companies' balance sheets and on-the-ground production.
Government initiatives like "Make in India" and "Atmanirbhar Bharat" have transformed the sector. In fiscal year 2025, the country's defense production reached a record level of ₹1.54 lakh crore.
Additionally, the Ministry of Defense will seek a 20% increase in its budget for FY27. Experts predict that orders in the defense sector will increase even faster in the coming days. Defense production has increased by a whopping 174% compared to 2014-15.
This boom is directly impacting defense companies listed on the stock market. It's important for investors to understand which companies are experiencing a steady stream of work. Here, we'll highlight five major companies whose order books have exceeded ₹15,000 crore to ₹25,000 crore.
Mazagon Dock
Let's start with Mazagon Dock Shipbuilders (MDL). It is a Navratna government company that builds submarines and warships for the Indian Navy. As of September 2025, the company had orders worth ₹27,415 crore.
Although its profits declined slightly to ₹1,200 crore and margins to 16% in the September quarter, the company's most reassuring sign is that it has no debt. Being debt-free is a huge positive for any investor.
Cochin Shipyard
Cochin Shipyard has the capability to build large ships such as aircraft carriers. Its order book is worth ₹21,100 crore, a significant portion of which is defense orders. While the company's profits and margins declined in the recent quarter, its large projects make it a strong player in the long term.
GRSE
The performance of Garden Reach Shipbuilders and Engineers (GRSE) has caught the market's attention. This Miniratna company builds frigates and survey vessels for the Navy.
The company currently has an order book of ₹20,200 crore. Most notably, it emerged as the lowest bidder (L1) for the "Next Generation Corvette" project.
Solar Industries
Solar Industries, which previously only manufactured industrial explosives, has now established a strong presence in the defense sector.
Powered by products like the Pinaka rocket system, its defense order book has grown to over ₹15,500 crore. The company's sales and profits have been steadily increasing, making it an interesting stock.
BEML
BEML is active in defense, railways, and mining. This armored vehicle manufacturer has a record order book of ₹16,342 crore.