India's Deep Tech story is moving from whiteboard to wallet as a planned ₹11b government research and infrastructure push aims to crowd in roughly ₹25b of total capital into AI, semiconductors and advanced manufacturing. That kind of money can reshape careers and portfolios. This article zeroes in on three stocks from our India Deep Tech, AI, Semiconductors & Advanced Manufacturing Stocks screener that appear positively exposed to this news-driven wave.
The three stocks discussed below are a small sample of the idea. The full screen surfaced 32 more Indian Deep Tech companies with business models and risk profiles that may be just as interesting to you. To identify potential fits for your own portfolio, head straight to the India Deep Tech – AI, Semiconductors & Advanced Manufacturing Stocks screener to filter, analyze, and focus on the highest conviction plays that match your criteria.
Bharat Electronics (BSE:500049)
Bharat Electronics is one of the clearest Deep Tech plays in India's defense and electronics push, positioned at the intersection of radars, sensors, communication gear and embedded software that the new government funding pool is aiming to scale up.
Bharat Electronics designs high-end defense and civilian electronic systems, from radars and communication networks to electro-optics and unmanned platforms, and generates about ₹287,174 million from aerospace and defense activities, with investors valuing the group at roughly ₹2,828.9 billion in market cap.
"Accelerated order inflows and technological innovation are expected to drive Bharat Electronics' revenue and margin growth well above market expectations."
What could materially influence the business from here is how a relatively quiet shift in its high-tech order mix affects pricing power and profitability.
That quiet shift is exactly what the full narrative for Bharat Electronics unpacks. It maps how the order mix, pricing power and execution risk could be decoupling from headline defense sentiment.
ideaForge Technology (NSEI:IDEAFORGE)
ideaForge Technology is one of the purest Deep Tech hardware stories in the screener, building AI-enabled drone platforms, sensors, and control software that plug directly into India's push for indigenous electronics, advanced manufacturing, and defense-grade autonomy.
ideaForge Technology manufactures and markets unmanned aerial vehicle systems, related software and AI tools. It generates about ₹2,819 million from UAV hardware and services and carries a market value of roughly ₹35.8 billion.
"The rapid acceleration of drone procurement and increased government focus on defense-indigenous solutions, evidenced by large emergency procurement budgets and cycles (such as the ₹9,000 crore allocation to the Indian Army and ongoing Make-II programs), may have driven investor expectations for sustained top-line growth, creating the perception of a robust addressable market and high revenue visibility."
What really matters for ideaForge Technology is how one emerging pressure around contract quality and mix eventually shows up in margins and cash generation.
That contract mix question is exactly what the full narrative for ideaForge Technology tackles, separating short-term turbulence from the longer-term opportunity in India's defense-grade drone buildout.
Aurionpro Solutions (NSEI:AURIONPRO)
Aurionpro Solutions plugs into India's Deep Tech push as the software and AI layer that helps banks, transit systems and data centres actually use high-end hardware, with most revenue coming from software services rather than one-off equipment sales.
Aurionpro Solutions runs AI ready banking platforms, smart transit systems and data centre infrastructure that help mainstream sectors adopt Deep Tech. It generates about ₹9,528 million from software services and roughly ₹4,795 million from equipment and product licences, and the stock is valued near ₹34.1 billion in market cap.
For investors tracking India's Deep Tech buildout, Aurionpro Solutions matters because it supplies the software and AI plumbing that can turn new hardware and infrastructure spending into real-world projects and longer lasting digital platforms.
"Although demand for data center build outs and AI compute in India is described as very large, the move into larger and more complex design and build contracts could expose Aurionpro to lumpier cash collections and tighter working capital, which would directly affect operating cash flow conversion and DSOs."
What happens to Aurionpro's earnings profile depends heavily on how one unseen pressure within these AI heavy projects ultimately feeds through to margins and cash generation.
That cash flow tension is exactly what the full narrative for Aurionpro Solutions pulls apart, highlighting where project risk may be masking an accelerating core software story.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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