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Paras Defence and Space Technologies Ltd

₹ 692-1.49%
06 Jan – close price
🔗parasdefence.com•BSE: 543367•NSE: PARAS
Market Cap₹ 5,578 Cr.
Current Price₹ 692
High / Low₹ 972
Stock P/E78.3
Book Value₹ 84.0
Dividend Yield0.04 %
ROCE16.6 %
ROE11.8 %
Face Value₹ 5.00
Sales₹ 362 Cr.
OPM27.3 %
Mar Cap₹ 5,578 Cr.

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 CompanyThe company isone 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionOrder Book PositionLarge Order ReceiptsLarge Order ReceiptsJv Partnerships AcquisitionsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Hind.Aeronautics4516.0035.66302018.790.891669.0510.826628.6110.9233.8832104.7830.588469.331669.078.148.820.00
2.Bharat Electron413.1053.02301966.960.581287.1617.885792.0925.7838.8825152.1129.525695.671287.7714.0013.210.00
3.Bharat Dynamics1542.5086.4456542.270.30215.8876.191147.03110.5519.664004.0814.19654.13215.8813.414.940.00
4.Garden Reach Sh.2507.5046.6028723.910.55153.7957.301677.3845.4936.645900.309.56616.41153.7912.515.020.01
5.Data Pattern2678.6064.2414995.870.2949.1962.45307.46237.7921.00920.0433.05233.4349.199.7512.180.00
6.Zen Technologies1350.2049.3112191.000.1561.91-6.29173.57-28.2337.22808.9738.44247.2558.736.7921.380.01
7.Apollo Micro Sys266.55111.739523.630.0933.05108.25225.2640.1714.54669.0026.0485.2433.058.255.200.29
8.Paras Defence692.2078.265578.250.0422.2642.69102.7222.1316.56362.2727.2971.2822.268.248.910.04
–Median: 26 Co.652.9561.585073.610.1115.6438.59130.3819.5918.09533.4321.8244.5615.648.148.030.08

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
606382457887586590556084103
Expenses
45495934536644546740446072
Operating Profit
15142311242214112315162431
Other Income
6131131651133
Profit before tax
1410228212110132313142129
Tax %
27%27%25%24%25%25%9%18%25%28%25%26%24%
Net Profit
1181761615910179101622
EPS in Rs
1.350.972.060.792.031.911.141.322.111.161.292.002.76

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
48143154147133180214232334362
Expenses
3910211110790128158179237263
Operating Profit
8414340435256549699
Other Income
033213891213
Interest
4710101387683
Depreciation
27910101011121414
Profit before tax
3302722223647458795
Net Profit
2251920152736346571
EPS in Rs
2.0325.0816.703.522.533.454.614.398.078.84
Dividend Payout %
0%0%0%0%0%0%0%0%6%–

Compounded Profit Growth

10 Years:%
5 Years:26%
3 Years:33%
TTM:44%

Compounded Sales Growth

10 Years:%
5 Years:18%
3 Years:23%
TTM:25%

Return on Equity

10 Years:%
5 Years:10%
3 Years:10%
Last Year:12%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:33%
1 Year:30%

Balance Sheet

Standalone figures in ₹ crores

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
56628303939394040
Reserves
27118147145177339374408603637
Borrowings
30668510310529035127
Other Liabilities
33679266504890126187191
Total Liabilities
94257330342362454503608831895
Fixed Assets
42171168158157154158173178184
Gross Block
53.18179.73186.01184.93192.69199.89214.78242.00259.39–
Accumulated Depreciation
11.238.3717.7127.1036.1846.3856.6368.6881.71–
CWIP
0135104478
Investments
90001419313944
Other Assets
4384159179203296322400608658
Total Assets
94257330342362454503608831895

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
–––-241349-1729
Cash from Investing Activity
–––-5-6-7710-20-78
Cash from Financing Activity
–––8562-452378
Net Cash Flow
–––13-214-1428

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
8765197242261247247283308
Inventory Days
294204281304483299323476351
Days Payable
1871072321351006987196125
Cash Conversion Cycle
194162246412645477482563534
Working Capital Days
5734109164242335339366334
ROCE %
–30%17%13%12%12%13%11%17%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
58.94%58.94%58.94%58.94%58.94%58.94%58.94%58.94%57.05%57.05%53.74%53.20%
FIIs
0.77%0.53%0.11%0.56%0.49%0.13%2.97%3.46%4.84%5.24%6.85%5.70%
DIIs
2.64%2.57%2.21%2.72%2.73%2.75%0.07%0.63%1.48%1.54%1.94%1.46%
Public
37.65%37.95%38.73%37.79%37.84%38.18%38.00%36.96%36.61%36.16%37.46%39.64%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Paras Defence Signs 10-Year Agreement with Northstar USA for Air-to-Air Refueling Systems

15th April 2026, 7:06 pm

Paras Defence Confirms Full Dematerialization for Quarter Ended March 31, 2026

8th April 2026, 11:57 pm

Paras Defence Appoints Ms. Minal Bhate as Company Secretary & Compliance Officer

6th April 2026, 11:43 pm

Paras Defence to Hold Investor Meet on March 30, 2026

24th March 2026, 7:56 pm

Paras Defence to Close Trading Window from April 1, 2026

23rd March 2026, 7:17 pm

Published by Other Websites

External media mentions & references

Paras Defence Seals US Pact for Vital Aerial Refuelling Tech

16th April 2026, 7:22 pm

Paras Defence Surges on Strategic Air Refueling Deal

16th April 2026, 10:38 am

Indian Markets Surge Past 24,200; Sensex Gains 1,264 Points on Eased Tensions

15th April 2026, 4:05 pm

Indian Defence Sector: Strong Q4 Growth Faces Geopolitical Cost Pressures

6th April 2026, 4:45 pm

Defence Stocks Skyrocket: Record GRSE Sales, Mega Orders Drive Rally

1st April 2026, 12:42 pm

News Articles

Editorial & research coverage

Defence Stocks Tumble on Delivery Delays; HAL Leads Losses
Defence Stocks Tumble on Delivery Delays; HAL Leads Losses

5th February 2026, 11:36 am

Defence Stocks Tumble on Budget Disconnect
Defence Stocks Tumble on Budget Disconnect

1st February 2026, 4:18 pm

Defence Stocks Surge Ahead of Budget 2026 Amid Geopolitical Alerts
Defence Stocks Surge Ahead of Budget 2026 Amid Geopolitical Alerts

1st February 2026, 11:30 am

Budget Day Sparks India Market Focus Amidst Sector Bets
Budget Day Sparks India Market Focus Amidst Sector Bets

1st February 2026, 6:53 am

Budget 2026 Hype: Agri, Defence Stocks Face Sell-Off
Budget 2026 Hype: Agri, Defence Stocks Face Sell-Off

27th January 2026, 1:09 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

8h - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025.

Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015

26 Dec - Proposed divestment of 58.02% in Ayatti; due diligence extended; completion expected by March 31, 2026.

Closure of Trading Window

23 Dec - Trading window closed Jan 1, 2026 until 48 hours after unaudited results for quarter ended Dec 31, 2025.

Announcement under Regulation 30 (LODR)-Change in Directorate

19 Dec - Suresh Katyal re-appointed as Non-Executive Independent Director, five-year term Jan 5, 2026–Jan 4, 2031.

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2022

(from nse)

Credit Ratings

Rating update

9 Sep 2025 from crisil

Rating update

16 Jun 2025 from icra

Rating update

27 May 2025 from crisil

Rating update

8 Nov 2024 from icra

Rating update

10 Sep 2024 from crisil

Rating update

5 Apr 2024 from icra

Concalls

Jun 2025

PPT

Apr 2025

PPT

Jun 2024

PPT

Sep 2023

PPT

Aug 2022

PPT

Stock Analysis

Description

  1. Paras Defence and Space Technologies (PDST) is a 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.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

15th Apr 26
Impact Rating: 8
Paras Defence and Space Technologies Limited has entered into a significant 10-year agreement with Northstar, USA. This collaboration focuses on supplying and supporting advanced aerial (air-to-air) refueling systems and accessories for the Indian Armed Forces, enhancing defence capabilities.
8th Apr 26
Impact Rating: 2
Paras Defence announced that for the quarter ended March 31, 2026, its securities are fully dematerialized. No dematerialization requests were received by its registrar, MUFG Intime India.
6th Apr 26
Impact Rating: 6
Paras Defence and Space Technologies Limited has appointed Ms. Minal Bhate as its new Company Secretary and Compliance Officer, effective from April 6, 2026.
24th Mar 26
Impact Rating: 6
Paras Defence and Space Technologies Limited announced a one-on-one meeting with Niveshaay Investment Advisors for March 30, 2026, at 3:00 p.m., assuring that no sensitive information will be disclosed.
23rd Mar 26
Impact Rating: 6
Paras Defence and Space Technologies Limited informed about its trading window closure from April 1, 2026. Designated persons cannot trade shares until 48 hours after the declaration of Audited Financial Results for Q4 and FY2026.