3 Defence stocks with low PE ratio to keep an eye on3 Defence stocks with low PE ratio to keep an eye on

Introduction:

Defence sector stocks continue to draw attention for their strategic relevance and strong government backing. Among them, a few are trading at relatively low price-to-earnings (PE) ratios compared to industry averages.

These low-PE defence stocks may reflect steady earnings performance and valuation comfort. Based on recent market data, three such companies stand out for their financial metrics and sector positioning.

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Hindustan Aeronautics

On July 18, 2025, Hindustan Aeronautics Ltd opened at ₹4,809.95, slightly up from its previous close of ₹4,787.35. The stock hit a high of ₹4,809.95 and a low of ₹4,645.00. By 4:00 PM, it traded at ₹4,652.55, down 2.82%, with a market cap of ₹3,11,150.91 crore.

Hindustan Aeronautics Ltd trades at a low PE of 37.2, significantly below the industry average PE of 72.57, indicating relatively attractive valuation compared to its sector peers.

Hindustan Aeronautics Ltd (NSE: HAL) is engaged in manufacturing aircraft and helicopters, along with providing repair and maintenance services. It plays a key role in India’s aerospace and defence production sector.

Bharat Electronics

On July 18, 2025, Bharat Electronics Ltd opened at ₹404.50, slightly up from its previous close of ₹404.15. The stock touched a high of ₹407.00 and a low of ₹394.15. By 4:00 PM, it traded at ₹394.70, down 2.34%, with a market cap of ₹2,88,516.97 crore.

Bharat Electronics Ltd is trading at a PE of 54.2, which is lower than the industry average of 72.57, suggesting it may be undervalued relative to its peers.

Bharat Electronics Ltd (NSE: BEL), incorporated in 1954, manufactures and supplies advanced electronic equipment and systems primarily for the defence sector, with a limited presence in the civilian electronics market.

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Zen Technologies

On July 18, 2025, ZEN Technologies Ltd opened at ₹1,862.10, up slightly from its previous close of ₹1,860.45. The stock reached a high of ₹1,886.80 and a low of ₹1,841.15. By 4:00 PM, it traded at ₹1,881.85, marking a 1.15% increase, with a market cap of ₹16,991.29 crore.

Zen Technologies Ltd is currently trading at a PE ratio of 60.6, which is lower than the industry average of 72.57, indicating a relatively attractive valuation within the defence sector.

Zen Technologies Ltd (NSE: ZENTEC), incorporated in 1996, designs and manufactures combat training and counter-drone solutions for defence and security forces. It supports indigenized technologies and operates across India, UAE, and the USA.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.