Paras Defence and Space Technologies Ltd

Paras Defence Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Paras Defence and Space Technologies Ltd

₹ 1,572 -1.51%
21 May 2:07 p.m.
parasdefence.com BSE: 543367 NSE: PARAS
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 6,334 Cr.
  • Current Price ₹ 1,572
  • High / Low ₹ 1,945 / 743
  • Stock P/E 97.4
  • Book Value ₹ 160
  • Dividend Yield 0.00 %
  • ROCE 16.4 %
  • ROE 11.9 %
  • Face Value ₹ 10.0
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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 9.73 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • 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.

Peer comparison

Sector: Aerospace & Defence Industry: Engineering

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
60 41 55 60 58 45 60 63 65 78 84 82 90
43 30 40 45 44 34 44 49 54 53 60 59 67
Operating Profit 18 12 15 15 14 11 16 14 11 24 24 23 23
OPM % 29% 28% 27% 25% 24% 24% 27% 22% 17% 31% 28% 28% 25%
1 1 1 6 1 1 1 1 6 1 3 3 5
Interest 2 0 1 4 2 0 1 1 2 1 2 0 2
Depreciation 3 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 14 10 13 14 10 8 14 10 13 21 21 22 23
Tax % 28% 25% 28% 27% 9% 24% 25% 27% 18% 25% 26% 25% 25%
10 8 9 11 9 6 10 8 10 16 16 17 17
EPS in Rs 2.67 1.93 2.32 2.69 2.27 1.59 2.59 1.95 2.65 4.07 4.00 4.11 4.22
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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
48 143 154 147 133 180 214 232 334
39 102 111 107 90 128 158 179 240
Operating Profit 8 41 43 40 43 52 56 54 94
OPM % 18% 29% 28% 27% 33% 29% 26% 23% 28%
0 3 3 2 1 3 8 9 12
Interest 4 7 10 10 13 8 7 6 6
Depreciation 2 7 9 10 10 10 11 12 14
Profit before tax 3 30 27 22 22 36 47 45 87
Tax % 33% 18% 29% 10% 31% 26% 23% 23% 25%
2 25 19 20 15 27 36 34 65
EPS in Rs 4.05 50.06 33.51 7.03 5.05 6.90 9.21 8.78 16.15
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 23%
TTM: 44%
Compounded Profit Growth
10 Years: %
5 Years: 27%
3 Years: 34%
TTM: 90%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 37%
1 Year: 104%
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 142 87 198 313 462 394 339 419 342
ROCE % 30% 17% 13% 12% 12% 13% 11% 16%

Shareholding Pattern

Numbers in percentages

56 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 57.05% 57.05%
0.23% 0.81% 0.77% 0.53% 0.11% 0.56% 0.49% 0.13% 2.97% 3.46% 4.84% 5.24%
2.60% 2.33% 2.64% 2.57% 2.21% 2.72% 2.73% 2.75% 0.07% 0.63% 1.48% 1.54%
38.23% 37.93% 37.65% 37.95% 38.73% 37.79% 37.84% 38.18% 38.00% 36.96% 36.61% 36.16%
No. of Shareholders 2,40,3292,22,4452,29,0152,32,3672,39,9112,58,6132,53,4622,59,3352,96,5013,04,2293,10,2943,10,834

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Apr 2025
    Transcript
    Notes
    PPT
  • Jun 2024
    Transcript
    Notes
    PPT
  • Sep 2023
    Transcript
    Notes
    PPT
  • Aug 2022
    Transcript
    Notes
    PPT