Paras Defence and Space Technologies Ltd
Paras Defence and Space Technologies (PDST) is an Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions.[1]
- Market Cap ₹ 2,823 Cr.
- Current Price ₹ 724
- High / Low ₹ 848 / 491
- Stock P/E 86.2
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 13.2 %
- ROE 9.10 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 6.58 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 8.41% over past five years.
- Company has a low return on equity of 8.89% over last 3 years.
- Company has high debtors of 247 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Aerospace & Defence Industry: Engineering
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
48 | 143 | 154 | 147 | 133 | 180 | 214 | 225 | |
39 | 102 | 111 | 107 | 90 | 128 | 158 | 172 | |
Operating Profit | 8 | 41 | 43 | 40 | 43 | 52 | 56 | 54 |
OPM % | 18% | 29% | 28% | 27% | 33% | 29% | 26% | 24% |
0 | 3 | 3 | 2 | 1 | 3 | 8 | 4 | |
Interest | 4 | 7 | 10 | 10 | 13 | 8 | 7 | 4 |
Depreciation | 2 | 7 | 9 | 10 | 10 | 10 | 11 | 12 |
Profit before tax | 3 | 30 | 27 | 22 | 22 | 36 | 47 | 42 |
Tax % | 33% | 18% | 29% | 10% | 31% | 26% | 23% | |
2 | 25 | 19 | 20 | 15 | 27 | 36 | 33 | |
EPS in Rs | 4.05 | 50.06 | 33.51 | 7.03 | 5.05 | 6.90 | 9.21 | 8.40 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 14% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 22% |
TTM: | -13% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 6 | 6 | 28 | 30 | 39 | 39 | 39 |
Reserves | 27 | 118 | 147 | 145 | 177 | 339 | 374 | 390 |
30 | 66 | 85 | 103 | 105 | 29 | 0 | 25 | |
33 | 67 | 92 | 66 | 50 | 48 | 90 | 102 | |
Total Liabilities | 94 | 257 | 330 | 342 | 362 | 454 | 503 | 557 |
42 | 171 | 168 | 158 | 157 | 154 | 158 | 163 | |
CWIP | 0 | 1 | 3 | 5 | 1 | 0 | 4 | 9 |
Investments | 9 | 0 | 0 | 0 | 1 | 4 | 19 | 26 |
43 | 84 | 159 | 179 | 203 | 296 | 322 | 360 | |
Total Assets | 94 | 257 | 330 | 342 | 362 | 454 | 503 | 557 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
-2 | 4 | 13 | 49 | ||||
-5 | -6 | -77 | 10 | ||||
8 | 5 | 62 | -45 | ||||
Net Cash Flow | 1 | 3 | -2 | 14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 87 | 65 | 197 | 242 | 261 | 247 | 247 |
Inventory Days | 294 | 204 | 281 | 304 | 483 | 299 | 323 |
Days Payable | 187 | 107 | 232 | 135 | 100 | 69 | 87 |
Cash Conversion Cycle | 194 | 162 | 246 | 412 | 645 | 477 | 482 |
Working Capital Days | 142 | 87 | 198 | 313 | 462 | 394 | 339 |
ROCE % | 30% | 17% | 13% | 12% | 12% | 13% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 3m
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 24 Apr
- Certificate From The Practicing Company Secretary In Compliance With Regulation 40(9) For Year Ended March 31, 2024 17 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 16 Apr
- Announcement under Regulation 30 (LODR)-Credit Rating 9 Apr
India’s leading Defense company
It is amongst the leading private sector enterprises operating within the Defence and Space segments. It has been serving the diverse requirements of the industry operating across four segments of Defence & Space Optics, Defence Electronics, Electromagnetic Pulse Protection and Heavy Engineering. It holds the distinction of being the sole Indian supplier of vital imaging components for space applications, including large-size optics and diffractive gratings. [1]