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 ₹ 6,353 Cr.
- Current Price ₹ 1,577
- High / Low ₹ 1,945 / 743
- Stock P/E 103
- 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 10.0 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 SmallCap BSE Allcap BSE Industrials 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: | 37% |
| 1 Year: | 104% |
| 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
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
10h - Promoters sold shares totaling approx. 15.75 lakh on May 19, 2025 via open market sales.
-
Disclosures Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
12h - Promoters and directors sold over 1.5 million shares to marquee funds on May 19, 2025.
-
Disclosure Under Regulation 29 Of The SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
12h - Promoters sold shares totaling ~15.6 lakh on May 19, 2025, via open market in Paras Defence.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Paras Defence to participate in analyst meet at MACM India Conference on May 22, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 May - Paras Defence to meet analysts/investors at 4th MACM India Conference on May 22, 2025.
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]