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

₹ 692 5.85%
12 Sep - close price
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 ₹ 5,578 Cr.
  • Current Price ₹ 692
  • High / Low ₹ 972 / 401
  • Stock P/E 87.9
  • Book Value ₹ 79.4
  • Dividend Yield 0.04 %
  • ROCE 15.6 %
  • ROE 11.5 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 26.0% CAGR over last 5 years

Cons

  • Stock is trading at 8.72 times its book value
  • Promoter holding has decreased over last quarter: -3.31%
  • Company has a low return on equity of 9.56% 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

Industrials Capital Goods Aerospace & Defense Aerospace & Defense

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
41 56 61 65 48 61 64 80 84 87 86 108 93
30 42 47 48 38 46 52 67 59 64 64 80 71
Operating Profit 11 14 14 17 11 16 12 12 24 23 22 28 22
OPM % 28% 25% 23% 26% 22% 25% 19% 15% 29% 26% 26% 26% 23%
1 1 5 1 1 1 1 6 1 2 2 4 2
Interest 0 1 4 2 1 1 2 2 2 3 1 2 1
Depreciation 3 3 3 3 3 3 3 3 4 4 4 4 4
Profit before tax 9 12 13 13 8 12 8 12 20 18 19 27 19
Tax % 27% 30% 29% 8% 26% 28% 30% 21% 28% 30% 28% 22% 27%
7 8 9 12 6 9 6 10 14 13 14 21 14
EPS in Rs 0.91 1.09 1.25 1.38 0.77 1.21 0.85 1.28 1.90 1.78 1.87 2.45 1.84
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
154 147 143 183 222 254 365 374
111 107 99 130 165 200 265 279
Operating Profit 43 40 44 52 58 53 100 95
OPM % 28% 27% 31% 29% 26% 21% 27% 25%
3 2 1 3 8 8 8 10
Interest 10 10 13 8 8 8 9 6
Depreciation 9 10 10 10 11 13 15 15
Profit before tax 27 22 23 37 47 40 84 84
Tax % 29% 10% 30% 26% 23% 26% 26%
19 20 16 27 36 30 61 62
EPS in Rs 16.64 3.46 2.63 3.47 4.62 4.11 7.87 7.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 6%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 26%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 32%
TTM: 55%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 23%
1 Year: 20%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 10%
Last Year: 12%

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
168 158 157 154 170 186 190
CWIP 3 5 1 0 5 4 11
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 109 162 223 330 315 315 297
ROCE % 13% 12% 12% 13% 10% 16%

Shareholding Pattern

Numbers in percentages

5 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 57.05% 57.05% 53.74%
0.81% 0.77% 0.53% 0.11% 0.56% 0.49% 0.13% 2.97% 3.46% 4.84% 5.24% 6.85%
2.33% 2.64% 2.57% 2.21% 2.72% 2.73% 2.75% 0.07% 0.63% 1.48% 1.54% 1.94%
37.93% 37.65% 37.95% 38.73% 37.79% 37.84% 38.18% 38.00% 36.96% 36.61% 36.16% 37.46%
No. of Shareholders 2,22,4452,29,0152,32,3672,39,9112,58,6132,53,4622,59,3352,96,5013,04,2293,10,2943,10,8343,35,075

* 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.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

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