Shares of a key defense shipyard climbed 5%, fueled by a ₹20,000 crore frigate contract under Make in India. The order book, at ₹40,000 crore, ensures 80% capacity utilization through FY28.
Innovation leads with modular construction, slashing build times 25%. Stealth coatings and AI navigation integrate, meeting global standards.
Economic analysis: Defense budget at 2% GDP injects ₹6 lakh crore, with exports targeting $5 billion by 2025.
Policy: 70% indigenization norms unlock JVs, reducing imports 40%.
Market impact: Ancillary stocks up 4%, as MSMEs gain 30% subcontracts.
Consumer trends: Naval modernization drives 15% sector CAGR.
Challenges: Steel prices volatile; long-term pacts stabilize.
At 15x P/E, undervalued. 20% profit growth eyed.
Debt-free, ROE 18%. Orders secure jobs for 10,000.
Innovation fuels self-reliance.
