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India's Missile Makers Surge Ahead
8 Sep
Summary
- Bharat Electronics leads with 88% defense revenue from missile electronics.
- Bharat Dynamics has a ₹26,500 crore order book for missile systems.
- Apollo Micro Systems expects a large order boosting its ₹1,704 crore book.
India is significantly increasing its spending on defense programs, notably expanding its capabilities in missile systems such as Akash, BrahMos, and QRSAM. The focus is shifting towards the companies manufacturing these advanced weapons and their essential components. Bharat Electronics (BEL), a major defense PSU, derives 88% of its revenue from defense, primarily supplying electronic subsystems for programs like QRSAM and Akash. Its current order book stands at ₹72,258 crore.
Bharat Dynamics (BDL) is a key player in manufacturing DRDO-developed missiles, holding an order book of ₹26,500 crore. The company has achieved significant milestones, including bulk production clearance for the Improved Akash Weapon System and successful trials for the Astra Mk-I air-to-air missile. BDL anticipates around ₹9,000 crore in missile manufacturing orders from the QRSAM program.
Apollo Micro Systems (AMS) is deeply involved in supplying critical electronics for nine major Indian missile programs. The company is actively expanding its role, aiming to produce complete weapons. With a current order book of ₹1,704 crore, AMS anticipates receiving a substantial order by the end of FY27, potentially increasing its total book to over ₹4,000 crore.
