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 ₹ 6,071 Cr.
- Current Price ₹ 753
- High / Low ₹ 972 / 580
- Stock P/E 70.6
- Book Value ₹ 90.0
- Dividend Yield 0.03 %
- ROCE 16.9 %
- ROE 12.6 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 40.5% CAGR over last 5 years
Cons
- Stock is trading at 8.37 times its book value
- Company has a low return on equity of 10.9% over last 3 years.
- Company has high debtors of 278 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.
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 154 | 147 | 143 | 183 | 222 | 254 | 365 | 477 | |
| 111 | 107 | 99 | 130 | 165 | 200 | 265 | 356 | |
| Operating Profit | 43 | 40 | 44 | 52 | 58 | 53 | 100 | 120 |
| OPM % | 28% | 27% | 31% | 29% | 26% | 21% | 27% | 25% |
| 3 | 2 | 1 | 3 | 8 | 8 | 8 | 19 | |
| Interest | 10 | 10 | 13 | 8 | 8 | 8 | 9 | 5 |
| Depreciation | 9 | 10 | 10 | 10 | 11 | 13 | 15 | 17 |
| Profit before tax | 27 | 22 | 23 | 37 | 47 | 40 | 84 | 118 |
| Tax % | 29% | 10% | 30% | 26% | 23% | 26% | 26% | 24% |
| 19 | 20 | 16 | 27 | 36 | 30 | 61 | 89 | |
| EPS in Rs | 16.64 | 3.46 | 2.63 | 3.47 | 4.62 | 4.11 | 7.87 | 10.93 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 6% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 29% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 34% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 42% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 11% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 28 | 30 | 39 | 39 | 39 | 40 | 40 |
| Reserves | 147 | 144 | 177 | 339 | 374 | 406 | 600 | 685 |
| 85 | 103 | 106 | 31 | 15 | 66 | 24 | 27 | |
| 92 | 66 | 50 | 48 | 93 | 129 | 188 | 212 | |
| Total Liabilities | 330 | 342 | 363 | 458 | 520 | 640 | 852 | 965 |
| 168 | 158 | 157 | 154 | 170 | 186 | 190 | 198 | |
| CWIP | 3 | 5 | 1 | 0 | 5 | 4 | 11 | 9 |
| Investments | 0 | 0 | 1 | 4 | 12 | 22 | 28 | 33 |
| 159 | 180 | 204 | 300 | 335 | 427 | 623 | 725 | |
| Total Assets | 330 | 342 | 363 | 458 | 520 | 640 | 852 | 965 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| -3 | 4 | 12 | 46 | -46 | 45 | 25 | ||
| -5 | -6 | -77 | 10 | -2 | -87 | -17 | ||
| 9 | 5 | 63 | -41 | 33 | 74 | -17 | ||
| Net Cash Flow | 1 | 3 | -2 | 15 | -14 | 31 | -9 | |
| Free Cash Flow | -7 | -1 | 6 | 22 | -71 | 10 | -10 | |
| CFO/OP | 11% | 25% | 44% | 96% | -63% | 63% | 48% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 197 | 242 | 242 | 246 | 246 | 285 | 295 | 278 |
| Inventory Days | 281 | 303 | 418 | 297 | 324 | 455 | 323 | 244 |
| Days Payable | 232 | 136 | 86 | 68 | 90 | 185 | 117 | 88 |
| Cash Conversion Cycle | 246 | 410 | 573 | 475 | 479 | 555 | 501 | 435 |
| Working Capital Days | 109 | 162 | 223 | 330 | 315 | 315 | 297 | 273 |
| ROCE % | 13% | 12% | 12% | 13% | 10% | 16% | 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 % |
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| Gross Current Assets (GCA) Days |
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| Permanent Employee Strength Number |
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| Revenue Share - Defence and Space Optics % |
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| Revenue Share - Defence Electronics % |
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| Number of iDEX Challenge Wins Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Submission of Newspaper Publication of Audited Financial Results (Standalone and Consolidated) for the Quarter and Year ended March 31, 2026 under Regulation 47 of SEBI …
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Re-Appointment Of Internal Auditor And Cost Auditor For The Financial Year 2026-27
13 May - Audited FY26 results approved; final dividend Rs1/share recommended; internal and cost auditors reappointed.
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Announcement under Regulation 30 (LODR)-Dividend Updates
13 May - Board approved FY26 audited results, recommended Rs.1 final dividend, and reappointed internal and cost auditors.
- Standalone And Consolidated Audited Financial Results For The Quarter And Financial Year Ended March 31, 2026 13 May
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Board Meeting Outcome for Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2026 And Other Items, As Enclosed
13 May - FY26 audited standalone and consolidated results approved; Rs. 1 final dividend recommended; trading window opens after 48 hours.
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]