Indonesia has entered into an agreement with India to procure the BrahMos missile system, according to the country’s defence ministry spokesperson Rico Ricardo Sirait, who spoke to Reuters. The development could have a positive impact on several Indian defence companies that supply key components for the missile system.
Indian defence stocks such as , Data Patterns (India), Paras Defence and Space Technologies, and PTC Industries are part of the broader BrahMos supply ecosystem and could benefit if the deal moves forward.
Sirait said the agreement is “part of the modernisation of military hardware and defence capabilities, especially in the maritime sector,” the Reuters report added.
If finalised and executed, Indonesia would become the second export customer for the BrahMos missile after the Philippines. However, the exact value of the deal and the number of systems to be procured have not yet been finalised.
The development comes at a time when Indian defence stocks are already drawing investor attention amid rising geopolitical tensions globally due to the ongoing US-Iran war in the Middle East.
According to recent annual reports and order disclosures, companies that may benefit from higher production activity related to the BrahMos programme include Hindustan Aeronautics, Bharat Electronics, Data Patterns (India), , Premier Explosives and PTC Industries.
The BrahMos missile is produced by BrahMos Aerospace, a joint venture between India’s Defence Research and Development Organisation and Russia’s NPO Mashinostroyenia.
“If the order materialises, it could incrementally benefit Indian defence suppliers involved in the broader missile electronics and subsystem ecosystem. Under our coverage, companies such as and Data Patterns (India), which participate in defence electronics and mission-critical systems, could see potential opportunities from higher production activity linked to the BrahMos programme,” said Putta Ravi Kumar, Defence Analyst at Choice Institutional Equities.
Key Indian defence stocks that may benefit
Hindustan Aeronautics (HAL)
Hindustan Aeronautics designs and manufactures military and civil aircraft, helicopters, aero-engines, avionics and related aerospace systems. The company is part of the BrahMos ecosystem through its role in integrating the missile with the Sukhoi Su-30MKI fighter aircraft.
HAL modifies the Su-30MKI jets to carry and launch the , turning them into long-range strike platforms. The company also contributes to the development of critical electronic systems for the missile and provides long-term maintenance support for various BrahMos variants.
While HAL is not the manufacturer of the missile itself, its role in aircraft integration, electronic systems development and lifecycle support makes it an important part of the programme.
Data Patterns (India)
has developed a Fire Control System for the BrahMos missile and has also tested a seeker, a key component responsible for the missile’s guidance and targeting. In FY25, the company received orders worth ₹14.4 crore from BrahMos Aerospace.
Premier Explosives
Premier Explosives manufactures high-energy materials, explosives and allied products used in tactical and strategic missile systems, including BrahMos, Astra, Akash, LRSAM and Agni.
For the BrahMos programme, the company contributes through the production and integration of rocket motors used in the missile system.
Paras Defence and Space Technologies
Paras Defence and Space Technologies develops defence automation and control systems, rugged command-and-control consoles and avionics suites.
The company works with several government organisations, including DRDO, ISRO, Hindustan Aeronautics, Bharat Electronics and BrahMos Aerospace.
Although not directly associated with the missile’s final assembly, Paras Defence plays an important role in the broader supply chain through its work in advanced optoelectronic systems, border surveillance technologies, high-power laser systems, EMP protection solutions, defence electronics and anti-drone technologies.
Given its existing vendor relationship with BrahMos Aerospace, the company could potentially benefit if the missile system sees wider deployment across India’s armed forces and international markets.
PTC Industries
is a manufacturer of high-performance materials and engineered components for various critical and super-critical aerospace and defence applications. PTC’s association with BrahMos dates back to 2019, and the company has consistently supported the programme through the supply of specialised titanium components and raw materials like Titanium mill forms.
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