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

₹ 847 -1.34%
27 May - 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

Market Leadership[1]
The company is one of India’s leading players in the defence and space sector.

It is the only manufacturer of submarine periscopes in the Asia Pacific and the sole Indian private firm producing indigenous hyper-spectral cameras for space missions. Additionally, the company is the only domestic provider of turnkey electromagnetic protection solutions and has pioneered a unique border defence system in collaboration with DRDO to enhance soldier safety. [2]

Website BSE NSE
  • Market Cap ₹ 6,828 Cr.
  • Current Price ₹ 847
  • High / Low ₹ 942 / 580
  • Stock P/E 82.1
  • Book Value ₹ 89.8
  • Dividend Yield 0.03 %
  • ROCE 16.5 %
  • ROE 12.2 %
  • 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 40.8% CAGR over last 5 years

Cons

  • Stock is trading at 9.43 times its book value
  • Company has a low return on equity of 10.9% over last 3 years.
  • Company has high debtors of 287 days.
  • Promoter holding has decreased over last 3 years: -5.74%

* 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 Industrials Nifty Microcap 250 Nifty Total Market Nifty India Defence BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
58 45 60 63 65 78 84 82 90 87 103 101 126
44 34 44 49 54 53 60 59 67 66 72 74 95
Operating Profit 14 11 16 14 11 24 24 23 23 22 31 27 30
OPM % 24% 24% 27% 22% 17% 31% 28% 28% 25% 25% 30% 27% 24%
1 1 1 1 6 1 3 3 5 3 3 3 10
Interest 2 0 1 1 2 1 2 0 2 0 1 0 1
Depreciation 3 3 3 3 3 3 3 3 3 4 4 4 4
Profit before tax 10 8 14 10 13 21 21 22 23 21 29 26 35
Tax % 9% 24% 25% 27% 18% 25% 26% 25% 25% 25% 24% 24% 26%
9 6 10 8 10 16 16 17 17 15 22 20 26
EPS in Rs 1.14 0.79 1.29 0.97 1.32 2.03 2.00 2.06 2.11 1.91 2.76 2.42 3.22
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 Mar 2024 Mar 2025 Mar 2026
48 143 154 147 133 180 214 232 334 417
39 102 111 107 90 128 158 179 237 306
Operating Profit 8 41 43 40 43 52 56 54 96 110
OPM % 18% 29% 28% 27% 33% 29% 26% 23% 29% 26%
0 3 3 2 1 3 8 9 12 18
Interest 4 7 10 10 13 8 7 6 8 2
Depreciation 2 7 9 10 10 10 11 12 14 15
Profit before tax 3 30 27 22 22 36 47 45 87 111
Tax % 33% 18% 29% 10% 31% 26% 23% 23% 25% 25%
2 25 19 20 15 27 36 34 65 83
EPS in Rs 2.03 25.08 16.70 3.52 2.53 3.45 4.61 4.39 8.07 10.32
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 6% 10%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 25%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 41%
3 Years: 32%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 50%
1 Year: 4%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 11%
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 Mar 2026
Equity Capital 5 6 6 28 30 39 39 39 40 40
Reserves 27 118 147 145 177 339 374 408 603 683
30 66 85 103 105 29 0 35 1 0
33 67 92 66 50 48 90 126 187 195
Total Liabilities 94 257 330 342 362 454 503 608 831 919
42 171 168 158 157 154 158 173 178 183
CWIP 0 1 3 5 1 0 4 4 7 8
Investments 9 0 0 0 1 4 19 31 39 66
43 84 159 179 203 296 322 400 608 661
Total Assets 94 257 330 342 362 454 503 608 831 919

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 Mar 2026
-2 4 13 49 -17 29 31
-5 -6 -77 10 -20 -78 -27
8 5 62 -45 23 78 -18
Net Cash Flow 1 3 -2 14 -14 28 -14
Free Cash Flow -6 -2 7 28 -42 -1 5
CFO/OP 12% 25% 47% 105% -11% 48% 58%

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 Mar 2026
Debtor Days 87 65 197 242 261 247 247 283 308 287
Inventory Days 294 204 281 304 483 299 323 476 351 270
Days Payable 187 107 232 135 100 69 87 196 125 84
Cash Conversion Cycle 194 162 246 412 645 477 482 563 534 473
Working Capital Days 57 34 109 164 242 335 339 366 334 311
ROCE % 30% 17% 13% 12% 12% 13% 11% 17% 17%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Closing Order Book
INR Crores

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Export Contribution to Revenue
%
Gross Current Assets (GCA)
Days
Permanent Employee Strength
Number
Revenue Share - Defence and Space Optics
%
Revenue Share - Defence Electronics
%
Number of iDEX Challenge Wins
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

22 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 57.05% 57.05% 53.74% 53.20% 53.20% 53.20%
0.11% 0.56% 0.49% 0.13% 2.97% 3.46% 4.84% 5.24% 6.85% 5.70% 4.92% 5.06%
2.21% 2.72% 2.73% 2.75% 0.07% 0.63% 1.48% 1.54% 1.94% 1.46% 1.28% 1.24%
38.73% 37.79% 37.84% 38.18% 38.00% 36.96% 36.61% 36.16% 37.46% 39.64% 40.61% 40.52%
No. of Shareholders 2,39,9112,58,6132,53,4622,59,3352,96,5013,04,2293,10,2943,10,8343,35,0753,70,5083,69,1013,76,813

* 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

Announcements

Annual reports

Credit ratings

Concalls

  • Jun 2025
    Transcript
    AI Summary
    PPT
  • Apr 2025
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    PPT
  • Jun 2024
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    AI Summary
    PPT
  • Sep 2023
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    AI Summary
    PPT
  • Aug 2022
    Transcript
    AI Summary
    PPT