Duniya mein Kya chal raha hai?
Dekho toh sahi, jab bhi global tensions badhti hain na, defence sector ki demand bhi badh jaati hai. Abhi US aur Europe ke beech mein thoda gap aa gaya hai, aur Europe apne aap ko zyada strong karna chahta hai. Iske liye woh naye partners dhoondh rahe hain. Socho, agar old allies par bharosa kam ho raha hai, toh new relationships toh banenge hi.
Isi situation ko solidify karne ke liye, January 2026 mein EU aur India ne Security aur Defence Partnership sign kiya hai. Isse maritime security se lekar tech tak mein collaboration hoga. Matlab, India ab EU ke liye ek solid partner hai. Aur US Ambassador bhi keh rahe hain ki India ke saath defence cooperation sabse important hai. Toh bhai, India ka role ab globally bahut high ho gaya hai.
Apne desh ka bhi full support!
Sirf bahar se hi nahi, apne desh mein bhi defence sector ko zabardast support mil raha hai. FY 2026-27 ke budget mein Ministry of Defence ko record ₹7.85 lakh crore diye gaye hain, jo pichhle saal se 15.19% zyada hai. Aur naye equipment par kharch 24% badha kar ₹1.85 lakh crore kar diya hai, jisme se 75% sirf Indian companies ke liye hai. Apna 'Make in India' mission bhi chal raha hai, jisse defence exports ₹50,000 crore tak pahunchane ka target hai 2029 tak. FY 2024-25 mein exports ₹23,622 crore ho gaye hain. Badhiya na?
Kaunsi companies ne kiya kamaal?
Is boom mein kuch companies toh chaa gayi hain. Jaise Garden Reach Shipbuilders & Engineers (GRSE), jinka turnover 26% badh kar ₹6,400 crore ho gaya hai FY 2025-26 mein. Aur Bharat Electronics Limited (BEL) ko defence ministry se ₹1,950 crore ka contract mila hai mountain radars ke liye. BEL ka turnover bhi lagbhag ₹26,750 crore raha hai FY 2025-26 mein.
Valuation aur Future?
Abhi toh sab bhag raha hai, par stocks ka P/E ratio dekho toh thoda high lag sakta hai. Nifty India Defence Index ka P/E lagbhag 45.72 hai. BEL, BDL jaise stocks ke P/E 80 se upar ja rahe hain. Yeh European companies jaise BAE Systems (P/E ~21-24) se kaafi zyada hain. Iska matlab hai ki investors ko future mein bade growth ki ummeed hai. Lekin haan, risks bhi hain jaise delays, government spending par dependency, aur competition. Phir bhi, analysts ka kehna hai ki policy support aur aane wale orders ki wajah se sector ka future abhi bhi bright lag raha hai.