May 2026
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Largest SpaceTech Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Mazagon Dock Shipbuilders, Cochin Shipyard, Paras Defence And Space, Avantel and Nelco.
 | Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The company is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, ferries, tugs, dredgers, barges, submarines, merchant ships, etc., with facilities situated in Mumbai and Nhava. It also offers ship designing, ship repairs and refit, tug support, and other related services. The company is organized into two segments: Shipbuilding and Submarine (New Construction and Repairs) and others. | $26 | -27% | $10B | $9B | 6.6x | 25.1x | ||
| Cochin Shipyard Ltd is an Indian-based company engaged in the business activities of Shipbuilding and Ship repair. The company has two operating segments, namely, Shipbuilding and Repair of Ships/Offshore Structures. It generates maximum revenue from the Shipbuilding segment. The Shipbuilding segment offers products such as Oil Tankers, Bulk Carriers, Electric Passenger Ferries, Pax Vessels, Tugs, Aircraft Carriers, Pollution Control Vessels, and many more. The Ship repair segment includes maintenance and repair of all types of vessels including Tankers, Bulk Carriers, Aircraft Carriers, Defense Vessels, and all kinds of Commercial and Specialized vessels. | $15 | -- | $4B | $4B | 7.5x | 30.9x | ||
| Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems; and Defence Engineering. The maximum revenue for the company is derived from its Optics and Optronic Systems segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports. | $9 | +3% | $719M | $708M | 14.2x | 48.6x | ||
| Avantel Ltd is engaged in the business of manufacturing telecom products and provides related customer support services. It caters to both domestic and international markets. It specializes in integrating technologies related to the wireless front end, satellite communication, embedded systems, signal processing, network management, and software development. It offers wireless, Satcom products, wireless products, software solutions, and services. It caters to defense, railway, and marine industries. | $2 | +8% | $489M | $492M | 21.1x | 96.4x | ||
| Nelco Ltd is in the business of providing domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India under the VSAT, ISP and other Licenses and authorisation granted by Department of Telecommunications, Government of India. The company operates in a single reportable segment, namely Network Systems, comprising Satellite Communication (Satcom) Services, which include equipment sales, maintenance, and other allied services. The group earns revenue from providing Satellite communication connectivity systems and solutions through sale of goods, providing installation and annual maintenance services, renting of goods, Integrated Security & Surveillance services. | $7 | -33% | $167M | $173M | 5.4x | 56.1x | ||
| Median | $9 | -12% | $719M | $708M | 7.5x | 48.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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