Paras Defence and Space Technologies Ltd

Paras Defence and Space Technologies Ltd

₹ 747 0.24%
23 Feb - close price
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
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]

  • Market Cap 2,912 Cr.
  • Current Price 747
  • High / Low 848 / 446
  • Stock P/E 88.9
  • 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 6.78 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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
23.92 73.75 23.81 52.13 43.59 60.47 41.48 54.63 60.12 58.05 44.72 59.80 62.79
20.68 43.10 17.73 36.46 31.52 42.81 29.68 39.95 44.96 44.41 34.20 43.69 49.28
Operating Profit 3.24 30.65 6.08 15.67 12.07 17.66 11.80 14.68 15.16 13.64 10.52 16.11 13.51
OPM % 13.55% 41.56% 25.54% 30.06% 27.69% 29.20% 28.45% 26.87% 25.22% 23.50% 23.52% 26.94% 21.52%
0.14 0.61 0.38 0.17 1.10 1.36 0.96 1.05 5.51 0.81 0.98 1.27 0.94
Interest 3.38 3.86 2.35 2.21 1.25 1.97 0.09 0.52 3.64 1.96 0.46 0.65 1.06
Depreciation 2.43 2.41 2.61 2.48 2.59 2.64 2.60 2.67 2.69 2.72 2.87 3.18 3.03
Profit before tax -2.43 24.99 1.50 11.15 9.33 14.41 10.07 12.54 14.34 9.77 8.17 13.55 10.36
Tax % 9.47% 28.61% 34.67% 23.95% 24.65% 27.69% 25.22% 27.99% 26.71% 9.31% 24.11% 25.46% 26.64%
-2.20 17.84 0.98 8.48 7.03 10.42 7.53 9.03 10.51 8.86 6.20 10.10 7.60
EPS in Rs -0.77 5.98 0.32 2.17 1.80 2.67 1.93 2.32 2.69 2.27 1.59 2.59 1.95
Raw PDF

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: 59%
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%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94%
4.36% 0.80% 0.23% 0.23% 0.81% 0.77% 0.53% 0.11% 0.56% 0.49%
7.60% 3.41% 2.63% 2.60% 2.33% 2.64% 2.57% 2.21% 2.72% 2.73%
29.10% 36.85% 38.20% 38.23% 37.93% 37.65% 37.95% 38.73% 37.79% 37.84%
No. of Shareholders 42,2082,34,4082,45,3242,40,3292,22,4452,29,0152,32,3672,39,9112,58,6132,53,462

* 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