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 ₹ 5,481 Cr.
- Current Price ₹ 1,360
- High / Low ₹ 1,593 / 682
- Stock P/E 89.1
- Book Value ₹ 159
- Dividend Yield 0.00 %
- ROCE 15.4 %
- ROE 11.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 25.5% CAGR over last 5 years
Cons
- Stock is trading at 8.56 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 9.33% over last 3 years.
- Company has high debtors of 295 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 Allcap BSE Industrials BSE SmallCap Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 154 | 147 | 143 | 183 | 222 | 254 | 365 | |
| 111 | 107 | 99 | 130 | 165 | 200 | 267 | |
| Operating Profit | 43 | 40 | 44 | 52 | 58 | 53 | 97 |
| OPM % | 28% | 27% | 31% | 29% | 26% | 21% | 27% |
| 3 | 2 | 1 | 3 | 8 | 8 | 8 | |
| Interest | 10 | 10 | 13 | 8 | 8 | 8 | 7 |
| Depreciation | 9 | 10 | 10 | 10 | 11 | 13 | 15 |
| Profit before tax | 27 | 22 | 23 | 37 | 47 | 40 | 84 |
| Tax % | 29% | 10% | 30% | 26% | 23% | 26% | 26% |
| 19 | 20 | 16 | 27 | 36 | 30 | 61 | |
| EPS in Rs | 33.38 | 6.92 | 5.27 | 6.93 | 9.25 | 8.22 | 15.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 26% |
| TTM: | 44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 31% |
| TTM: | 105% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| 1 Year: | 87% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 28 | 30 | 39 | 39 | 39 | 40 |
| Reserves | 147 | 144 | 177 | 339 | 374 | 406 | 600 |
| 85 | 103 | 106 | 31 | 15 | 66 | 24 | |
| 92 | 66 | 50 | 48 | 93 | 129 | 188 | |
| Total Liabilities | 330 | 342 | 363 | 458 | 520 | 640 | 852 |
| 168 | 158 | 157 | 154 | 170 | 186 | 193 | |
| CWIP | 3 | 5 | 1 | 0 | 5 | 4 | 8 |
| Investments | 0 | 0 | 1 | 4 | 12 | 22 | 28 |
| 159 | 180 | 204 | 300 | 335 | 427 | 623 | |
| Total Assets | 330 | 342 | 363 | 458 | 520 | 640 | 852 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -3 | 4 | 12 | 46 | -46 | 45 | ||
| -5 | -6 | -77 | 10 | -2 | -87 | ||
| 9 | 5 | 63 | -41 | 33 | 74 | ||
| Net Cash Flow | 1 | 3 | -2 | 15 | -14 | 31 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 197 | 242 | 242 | 246 | 246 | 285 | 295 |
| Inventory Days | 281 | 303 | 418 | 297 | 324 | 455 | 323 |
| Days Payable | 232 | 136 | 86 | 68 | 90 | 185 | 117 |
| Cash Conversion Cycle | 246 | 410 | 573 | 475 | 479 | 555 | 501 |
| Working Capital Days | 198 | 312 | 428 | 392 | 337 | 407 | 320 |
| ROCE % | 13% | 12% | 12% | 13% | 10% | 15% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2m - Monitoring Agency Report for quarter ended March 31, 2025
-
Appointment Of Secretarial Auditors
4h - Approved FY25 audited results; proposed 1:2 share split; recommended Rs.0.50 final dividend; secretarial auditor appointed.
-
Corporate Action-Intimation of Sub division / Stock Split
4h - Approved FY25 audited results; proposed 2-for-1 share split; recommended Rs0.50 final dividend; appointed secretarial auditors.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
4h - Approved FY25 audited results; proposed 1:2 share split; recommended Rs0.50 dividend; appointed secretarial auditors.
-
Standalone And Consolidated Audited Financial Results For The Quarter And Financial Year Ended March 31, 2025
5h - Approved FY25 audited results; proposed 1:2 share split; recommended Rs0.50 final dividend; appointed secretarial auditors.
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]