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 ₹ 6,457 Cr.
- Current Price ₹ 1,602
- High / Low ₹ 1,945 / 743
- Stock P/E 99.2
- Book Value ₹ 160
- Dividend Yield 0.00 %
- ROCE 16.4 %
- ROE 11.9 %
- 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 26.6% 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
- Promoter holding has decreased over last quarter: -3.31%
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 73% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 May - Paras Defence to meet analysts/investors at Antique's Aerospace & Defence Conference on June 5, 2025.
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Intimation Under Regulation 30 Of SEBI (LODR), Regulations, 2015 - Analysts/Institutional Investor Meet
29 May - Paras Defence to hold Analysts/Investor Meet on June 2, 2025, in Hyderabad; no price sensitive info shared.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Analysts / Institutional Investor Meet
24 May - Paras Defence to hold analyst and investor meet on May 27, 2025, in Mumbai.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 For Proposed Formation Of Subsidiary Company
23 May - Paras Defence forms JV with Heven Drones for logistics and cargo drones, holding 51% equity.
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
23 May - Paras forms JV with Heven Drones to develop logistics and cargo drones, holding 51% stake.
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]