Defence Stock Hits 5% Upper Circuit After Securing DRDO Certification for Bulletproof Jackets

Synopsis: Atmastco Limited announced its subsidiary has received a DRDO Technology Absorption Certificate, enabling the manufacturing of Level 6 Bullet Proof Jackets and strengthening indigenous defence capabilities.

This Micro-cap Stock, engaged in the design, manufacturing, supply, fabrication, and erection of precision engineering equipment, heavy steel structures, and EPC solutions for core industrial sectors, hit a 5 percent upper circuit after receiving the DRDO technology absorption certificate for Level 6 bulletproof jackets.

With a market capitalization of Rs. 400.33 crores, the shares of Atmastco Limited hit a 5 percent upper circuit of Rs. 161.85 per share on Friday, up from its previous closing price of Rs. 154.15 per share.

Reason Behind the Surge

Atmastco Limited has announced that its wholly owned subsidiary, Atmastco Defence Systems Private Limited, has received a Technology Absorption Certificate from the Defence Research and Development Organisation (DRDO). The certificate confirms the successful absorption of DRDO technology for manufacturing Level 6 Bullet Proof Jackets as per BIS 17051:2018 standards. 

The certificate is valid until 16 January 2035 and is expected to strengthen the company’s defence manufacturing capabilities, support its participation in defence procurement, and promote India’s defence indigenisation initiatives, subject to the required statutory approvals and licences.

Industries served

Atmastco Limited serves a wide range of industries, including steel and metals, power and energy, oil and gas, cement, railways, infrastructure, industrial construction, and water treatment projects. The company specializes in providing customized engineering, fabrication, and EPC solutions tailored to the specific requirements of large industrial and infrastructure projects rather than manufacturing mass-produced products.

Company Overview

Atmastco Limited is an Indian engineering, EPC (Engineering, Procurement and Construction), and steel fabrication company headquartered in Bhilai, Chhattisgarh. It designs, manufactures, supplies, and erects heavy steel structures and industrial equipment for sectors including steel, power, infrastructure, railways, cement, and water systems.

Shareholding Pattern

In June 2026, Atmastco Limited had a majority stake held by the promoters at 62.54 percent, foreign institutional investors at 0.99 percent, domestic institutional investors at 0.08 percent, and the public at 36.39 percent.

Recent Quarter Results

Coming into financial highlights, Atmastco Limited’s revenue has increased from Rs. 139 crore in H2 FY25 to Rs. 142 crore in H2 FY26, which has grown by 2.16 percent. The company’s net profit remained stable at Rs. 14 crores for both H2 FY25 and H2 FY26. Atmastco Limited’s revenue and net profit have grown at a CAGR of 33 percent and 110 percent, respectively, over the last five years.

In terms of return ratios, the company’s ROCE and ROE stand at 20.4 percent and 18.2 percent, respectively. Atmastco Limited has an earnings per share (EPS) of Rs. 7.70, and its debt-to-equity ratio is 0.71x.

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