Paras Defence and Space Technologies Limited PARAS NSEAIDEFENCEINFRA
Company Overview
Paras Defence and Space Technologies Limited designs, develops, manufactures, and tests defense and space engineering products and solutions in India and internationally. The company offers rugged networking and communication, rugged display and computing, and rugged command and control systems; mechanical products, including flow formed tubes; and avionic suites, as well as automated test equipment. It also provides diffractive gratings, Zerodur and metal mirrors, optical domes, gyro blocks, multifold and IR lenses, reflectors and coatings, deployable space antennas, CFRP structures for space applications, lens barrels, and ultra-precision manufacturing products; and rugged wired cabinets, shielded doors, honey comb air vents/filters, command and control console/systems, naval electronic time fuse, acoustic and magnetic sensing products, naval chart, other software modules, turnkey indigo simulator systems, transducer positioning systems and platforms, submarine winches, and titanium assemblies. In addition, It provides high performance embedded computing systems, substitution sub-systems, tank imaging components and sub-assemblies, turret stabilization systems, rugged tri-pods and quadri-pods, ARRV winch systems, and red dot reflex sight products; and heavy duty antenna mechanical structures, rugged COTS systems, data/video/image processing systems, rugged VME/VPX platforms, and active array radar cooling assemblies, as well as software development and system integration services. Additionally, it offers Electro-Magnetic Pulse shielded rooms and control centers, racks and cabinets, shielded doors, anechoic shielded chambers, EMP filters, shielded air vents and windows, EMP hardened products, and turnkey EMP projects. The company was formerly known as Paras Flowform Engineering Limited and changed its name to Paras Defence and Space Technologies Limited. Paras Defence and Space Technologies Limited was incorporated in 2009 and is based in Navi Mumbai, India
Why Investors Should Care
Return on capital employed stands at 16.3%.
Net profit has compounded at 34.7% per year over the last five years.
Revenue has grown at a 29.2% CAGR over the past five years.
Maintains a net profit margin of 18.5%.
Recent Developments
- Mar 2026 Revenue of ₹476.57 Cr (+30.7% YoY); net profit ₹88.10 Cr.
- Trailing 12 Months Year-on-year growth — revenue +37.3%, earnings +42.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 29.2%, profit CAGR 34.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 29.24% |
| 1 Year: | 37.30% |
Compounded Profit Growth
| 5 Years: | 34.69% |
| 1 Year: | 42.50% |
Stock Price Performance
| 1 Year: | +85.54% |
| 6 Months: | +50.80% |
| 3 Months: | +1.77% |
| 1 Month: | -13.42% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Paras Defence makes AI-enabled avionics, EW systems, optronics and quantum-comms. Strategic AI/ML partnerships with DRDO and Israeli defence majors.
- AI in defence optics & electronics Paras Defence supplies electro-optics, EW and space-optics systems where AI/image-processing drives detection, tracking and targeting.
- Drones & anti-drone AI Paras is expanding into AI-enabled drone and counter-drone systems, a fast-growing defence-tech niche.
- Space & strategic optics AI-assisted optics for space and surveillance broaden the addressable market.
- Pure-play on AI-enabled defence optics, EW and emerging drone systems.
- Strong growth (~31% revenue) and ~41% five-year profit CAGR.
- Drone/anti-drone push adds a high-growth optionality leg.
- Very high P/E ~100 and small scale make it a high-risk, high-beta name.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 29.2% over 5 years.
- Profit CAGR of 34.7% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 103.9.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PARAS Paras Defence and Space Technologies Limited NSEAIDEFENCEINFRA | 1,217.80 | 103.91 | ₹9,813.93 Cr | 0.08% | 16.29% | 12.14% | 29.24% | 34.69% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,636.00 | 30.16 | ₹5.00 L Cr | 1.05% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,748.80 | 29.85 | ₹4.03 L Cr | 0.44% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,854.40 | 34.83 | ₹3.25 L Cr | 0.97% | 13.80% | 22.21% | 7.87% | 16.08% |
| 5 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 371.20 | 44.19 | ₹2.71 L Cr | 0.66% | 31.88% | 25.27% | 15.47% | 26.64% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,641.50 | -37.32 | ₹1.79 L Cr | 0.00% | 4.02% | -34.31% | 15.55% | -227.40% |
| 7 | BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU | 410.20 | 58.68 | ₹1.43 L Cr | 0.31% | 6.60% | 6.12% | 13.49% | 35.91% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,559.50 | 89.35 | ₹1.39 L Cr | 0.44% | 28.45% | 19.13% | 15.41% | 17.97% |
| 9 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 821.00 | 103.53 | ₹1.29 L Cr | 0.15% | 19.35% | 15.13% | 21.22% | 7.81% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 65.00 Cr | 48.00 Cr | 61.00 Cr | 64.00 Cr | 80.00 Cr | 84.00 Cr | 87.00 Cr | 86.00 Cr | 108.23 Cr | 93.19 Cr | 105.72 Cr | 106.35 Cr | 171.31 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 50.09 Cr | 43.54 Cr | 46.70 Cr | 58.12 Cr | 90.24 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 58.14 Cr | 49.65 Cr | 59.02 Cr | 48.23 Cr | 81.07 Cr |
| Operating Expenses | 48.00 Cr | 38.00 Cr | 46.00 Cr | 52.00 Cr | 67.00 Cr | 59.00 Cr | 64.00 Cr | 64.00 Cr | 33.65 Cr | 31.68 Cr | 33.52 Cr | 26.40 Cr | 42.86 Cr |
| Operating Income | 14.00 Cr | 8.00 Cr | 13.00 Cr | 9.00 Cr | 9.00 Cr | 20.00 Cr | 19.00 Cr | 18.00 Cr | 24.49 Cr | 17.97 Cr | 25.50 Cr | 21.83 Cr | 38.21 Cr |
| EBITDA | 17.00 Cr | 11.00 Cr | 16.00 Cr | 12.00 Cr | 12.00 Cr | 24.00 Cr | 23.00 Cr | 22.00 Cr | 32.41 Cr | 24.26 Cr | 31.97 Cr | 28.49 Cr | 54.56 Cr |
| Interest Expense | 2.00 Cr | 1.00 Cr | 1.00 Cr | 2.00 Cr | 2.00 Cr | 2.00 Cr | 3.00 Cr | 1.00 Cr | 1.90 Cr | 83.00 L | 1.20 Cr | 90.00 L | 1.73 Cr |
| Pretax Income | 13.00 Cr | 8.00 Cr | 12.00 Cr | 8.00 Cr | 12.00 Cr | 20.00 Cr | 18.00 Cr | 19.00 Cr | 26.71 Cr | 19.45 Cr | 26.58 Cr | 23.20 Cr | 48.44 Cr |
| Tax Provision | 1.04 Cr | 2.08 Cr | 3.36 Cr | 2.40 Cr | 2.52 Cr | 5.60 Cr | 5.40 Cr | 5.32 Cr | 5.88 Cr | 5.18 Cr | 7.12 Cr | 6.35 Cr | 9.56 Cr |
| Net Income | 12.00 Cr | 6.00 Cr | 9.00 Cr | 6.00 Cr | 10.00 Cr | 14.00 Cr | 13.00 Cr | 14.00 Cr | 19.72 Cr | 14.87 Cr | 20.64 Cr | 18.21 Cr | 34.38 Cr |
| Diluted EPS | 1.38 | 0.77 | 1.21 | 0.85 | 1.28 | 1.90 | 1.78 | 1.87 | 2.45 | 1.84 | 2.56 | 2.26 | 4.27 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154.00 Cr | 147.00 Cr | 143.00 Cr | - | 220.75 Cr | 253.46 Cr | 364.66 Cr | 476.57 Cr |
| Cost of Revenue | - | - | - | - | 118.78 Cr | 140.75 Cr | 170.23 Cr | 238.60 Cr |
| Gross Profit | - | - | - | - | 101.96 Cr | 112.70 Cr | 194.43 Cr | 237.97 Cr |
| Operating Expenses | 111.00 Cr | 107.00 Cr | 99.00 Cr | - | 53.80 Cr | 70.81 Cr | 112.15 Cr | 134.46 Cr |
| Operating Income | 34.00 Cr | 30.00 Cr | 34.00 Cr | - | 48.17 Cr | 41.89 Cr | 82.28 Cr | 103.51 Cr |
| EBITDA | 43.00 Cr | 40.00 Cr | 44.00 Cr | - | 63.10 Cr | 57.37 Cr | 105.16 Cr | 139.28 Cr |
| Interest Expense | 10.00 Cr | 10.00 Cr | 13.00 Cr | - | 4.98 Cr | 3.54 Cr | 6.62 Cr | 4.66 Cr |
| Pretax Income | 27.00 Cr | 22.00 Cr | 23.00 Cr | - | 46.84 Cr | 40.47 Cr | 83.61 Cr | 117.67 Cr |
| Tax Provision | 7.83 Cr | 2.20 Cr | 6.90 Cr | - | 10.90 Cr | 10.43 Cr | 22.12 Cr | 28.21 Cr |
| Net Income | 19.00 Cr | 20.00 Cr | 16.00 Cr | - | 36.06 Cr | 32.06 Cr | 63.47 Cr | 88.10 Cr |
| Diluted EPS | 16.64 | 3.46 | 2.63 | - | 4.62 | 4.11 | 8.01 | 10.93 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 330.00 Cr | 342.00 Cr | 363.00 Cr | - | 520.54 Cr | 639.73 Cr | 851.96 Cr | 964.70 Cr |
| Current Assets | - | - | - | - | 315.08 Cr | 401.03 Cr | 598.43 Cr | 689.82 Cr |
| Cash & Equivalents | - | - | - | - | 17.11 Cr | 2.98 Cr | 34.47 Cr | 25.35 Cr |
| Inventory | - | - | - | - | 93.39 Cr | 150.21 Cr | 150.85 Cr | 159.62 Cr |
| Receivables | - | - | - | - | 149.87 Cr | 197.94 Cr | 294.78 Cr | 362.96 Cr |
| Total Liabilities | - | - | - | - | 107.09 Cr | 196.45 Cr | 215.34 Cr | 239.51 Cr |
| Current Liabilities | - | - | - | - | 82.95 Cr | 170.73 Cr | 191.01 Cr | 213.88 Cr |
| Long Term Debt | - | - | - | - | 94.58 L | 1.43 Cr | 87.57 L | 68.00 L |
| Total Debt | 85.00 Cr | 103.00 Cr | 106.00 Cr | - | 14.62 Cr | 65.80 Cr | 24.02 Cr | 27.06 Cr |
| Total Equity | 153.00 Cr | 172.00 Cr | 207.00 Cr | - | 413.25 Cr | 444.61 Cr | 639.94 Cr | 725.44 Cr |
| Shares Outstanding | - | - | - | - | 7.80 Cr | 7.80 Cr | 8.06 Cr | 8.06 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | -3.00 Cr | 4.00 Cr | - | 45.73 Cr | -45.54 Cr | 44.82 Cr | 24.61 Cr |
| Investing Cash Flow | - | -5.00 Cr | -6.00 Cr | - | 9.63 Cr | -1.69 Cr | -86.99 Cr | -17.24 Cr |
| Financing Cash Flow | - | 9.00 Cr | 5.00 Cr | - | -40.69 Cr | 33.10 Cr | 73.66 Cr | -16.63 Cr |
| Capital Expenditure | - | -4.00 Cr | -5.00 Cr | - | -25.33 Cr | -26.01 Cr | -35.23 Cr | -37.78 Cr |
| Free Cash Flow | - | -7.00 Cr | -1.00 Cr | - | 20.40 Cr | -71.55 Cr | 9.59 Cr | -13.17 Cr |
| Net Change in Cash | - | 1.00 Cr | 3.00 Cr | - | 14.67 Cr | -14.12 Cr | 31.49 Cr | -9.26 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | 46.2% | 44.5% | 53.3% | 49.9% |
| Operating Margin % | 22.1% | 20.4% | 23.8% | - | 21.8% | 16.5% | 22.6% | 21.7% |
| Net Margin % | 12.3% | 13.6% | 11.2% | - | 16.3% | 12.6% | 17.4% | 18.5% |
| ROE % | 12.4% | 11.6% | 7.7% | - | 8.7% | 7.2% | 9.9% | 12.1% |
| ROCE % | - | - | - | - | 11.0% | 8.9% | 12.4% | 13.8% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for PARAS
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PARAS — Frequently Asked Questions
What is the current share price of Paras Defence and Space Technologies Limited (PARAS)?
As of 2026-10-23 04:58 IST, Paras Defence and Space Technologies Limited (PARAS) trades at ₹1,217.80 on NSE. Its 52-week range is ₹584.20 to ₹1,526.25.
What is the market capitalisation of PARAS?
Paras Defence and Space Technologies Limited (PARAS) has a market capitalisation of ₹9,813.93 Cr on NSE.
What is the P/E ratio of PARAS?
PARAS trades at a trailing price-to-earnings (P/E) ratio of 103.91. The industry average P/E is 25.87. Its price-to-book (P/B) ratio is 14.07.
Does PARAS pay a dividend?
Paras Defence and Space Technologies Limited (PARAS) currently offers a dividend yield of 0.08%.
What is the return on equity (ROE) of PARAS?
PARAS has a return on equity (ROE) of 12.14%. Its return on capital employed (ROCE) is 16.29%.
Is PARAS a good stock to buy?
This page provides a data-driven analysis of Paras Defence and Space Technologies Limited (PARAS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.