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 ₹ 5,092 Cr.
- Current Price ₹ 632
- High / Low ₹ 972 / 401
- Stock P/E 78.8
- Book Value ₹ 79.8
- Dividend Yield 0.04 %
- ROCE 16.4 %
- ROE 11.9 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 26.6% CAGR over last 5 years
Cons
- Stock is trading at 7.91 times its book value
- Promoter holding has decreased over last quarter: -3.31%
- Company has a low return on equity of 9.87% over last 3 years.
- Company has high debtors of 308 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.
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 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
48 | 143 | 154 | 147 | 133 | 180 | 214 | 232 | 334 | 344 | |
39 | 102 | 111 | 107 | 90 | 128 | 158 | 179 | 240 | 252 | |
Operating Profit | 8 | 41 | 43 | 40 | 43 | 52 | 56 | 54 | 94 | 92 |
OPM % | 18% | 29% | 28% | 27% | 33% | 29% | 26% | 23% | 28% | 27% |
0 | 3 | 3 | 2 | 1 | 3 | 8 | 9 | 12 | 13 | |
Interest | 4 | 7 | 10 | 10 | 13 | 8 | 7 | 6 | 6 | 5 |
Depreciation | 2 | 7 | 9 | 10 | 10 | 10 | 11 | 12 | 14 | 14 |
Profit before tax | 3 | 30 | 27 | 22 | 22 | 36 | 47 | 45 | 87 | 86 |
Tax % | 33% | 18% | 29% | 10% | 31% | 26% | 23% | 23% | 25% | |
2 | 25 | 19 | 20 | 15 | 27 | 36 | 34 | 65 | 65 | |
EPS in Rs | 2.03 | 25.08 | 16.70 | 3.52 | 2.53 | 3.45 | 4.61 | 4.39 | 8.07 | 8.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 23% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 34% |
TTM: | 47% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 24% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 10% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 6 | 6 | 28 | 30 | 39 | 39 | 39 | 40 |
Reserves | 27 | 118 | 147 | 145 | 177 | 339 | 374 | 408 | 603 |
30 | 66 | 85 | 103 | 105 | 29 | 0 | 35 | 1 | |
33 | 67 | 92 | 66 | 50 | 48 | 90 | 126 | 187 | |
Total Liabilities | 94 | 257 | 330 | 342 | 362 | 454 | 503 | 608 | 831 |
42 | 171 | 168 | 158 | 157 | 154 | 158 | 173 | 178 | |
CWIP | 0 | 1 | 3 | 5 | 1 | 0 | 4 | 4 | 7 |
Investments | 9 | 0 | 0 | 0 | 1 | 4 | 19 | 31 | 39 |
43 | 84 | 159 | 179 | 203 | 296 | 322 | 400 | 608 | |
Total Assets | 94 | 257 | 330 | 342 | 362 | 454 | 503 | 608 | 831 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
-2 | 4 | 13 | 49 | -17 | 29 | ||||
-5 | -6 | -77 | 10 | -20 | -78 | ||||
8 | 5 | 62 | -45 | 23 | 78 | ||||
Net Cash Flow | 1 | 3 | -2 | 14 | -14 | 28 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 87 | 65 | 197 | 242 | 261 | 247 | 247 | 283 | 308 |
Inventory Days | 294 | 204 | 281 | 304 | 483 | 299 | 323 | 476 | 351 |
Days Payable | 187 | 107 | 232 | 135 | 100 | 69 | 87 | 196 | 125 |
Cash Conversion Cycle | 194 | 162 | 246 | 412 | 645 | 477 | 482 | 563 | 534 |
Working Capital Days | 57 | 34 | 109 | 164 | 242 | 335 | 339 | 366 | 342 |
ROCE % | 30% | 17% | 13% | 12% | 12% | 13% | 11% | 16% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Advertisement for 16th Annual General Meeting.
-
Business Responsibility and Sustainability Reporting (BRSR)
2d - Paras Defence submits FY 2024-25 Business Responsibility and Sustainability Report as part of annual report.
-
Notice Of 16Th Annual General Meeting Of Paras Defence And Space Technologies Limited And Annual Report For The Financial Year 2024-25
2d - Notice of 16th AGM on Aug 21, 2025; dividend ₹0.50/share; re-appointment of director; approval of Rs.293 Cr related party transaction.
-
Reg. 34 (1) Annual Report.
2d - Paras Defence FY25 Annual Report: ₹364.66 Cr revenue, ₹61.49 Cr PAT, focus on indigenisation and innovation.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Jul - Submission of Newspaper Publication under Regulation 47 of SEBI (LODR) Regulations, 2015
India’s Leading Defense Company
The company is one of India’s leading players in the defense and space sector. It is the sole Indian supplier of critical imaging components for space applications including large-size optics and diffractive gratings. [1] [2]