24 Sep 2025 | 5 Mins Read
Defence stocks Unimech, Solar Industries & Bharat Dynamics explained
Flipitmoney
Unimech Aerospace, a smallcap stock, tops the Nifty India Defence Index with a trailing 12-month P/E of 291, nearly six times the industry average. It is followed by midcap PSU Bharat Dynamics and largecap Solar Industries, with P/E multiples 2.1x and 2.8x higher than their industry benchmarks, respectively. 16 of the 18 stocks in the index trade above industry multiples.