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Paras Defence and Space Technologies Limited PARAS NSEAIDEFENCEINFRA

Industrials · Aerospace & Defense · India
https://www.parasdefence.com

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, the company provides high performance embedded computing systems, substitution sub-systems, tank imaging components and sub-assemblies, turret stabilization systems, 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

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₹819.35
+0.85% 1Y

Market & Price

Market Cap
₹6,602.92 Cr
Current Price
₹819.35
High / Low (52W)
₹932.88 / ₹584.60
Beta
0.62

Valuation

Stock P/E
75.17
Industry PE
27.78
Forward P/E
49.36
PEG Ratio
-
Book Value
₹83.32
Price to Book
9.83
P/S
13.86
EV/EBITDA
54.00
Dividend Yield
0.06%

Profitability & Returns

ROCE
16.29%
ROE
13.14%
ROA
7.12%
Profit Margin
18.49%
Op Margin
22.30%
EPS (Latest Qtr)
₹4.27
EPS (TTM)
₹10.90

Balance Sheet & Liquidity

Debt/Equity
3.73
Quick Ratio
2.26
Current Ratio
3.23
Debt
₹27.06 Cr
Total Assets
₹964.70 Cr
Current Assets
₹689.82 Cr
Working Capital
₹475.94 Cr

Ownership

Promoter Holding
56.05%
Chg in Prom Hold
-
FII / Inst Holding
4.85%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹6,504.37 Cr
Total Revenue (TTM)
₹476.57 Cr
EBITDA
₹120.46 Cr
Free Cash Flow
₹55.19 Cr
Operating Cash Flow
₹24.61 Cr
Shares Outstanding
₹8.06 Cr
Gross Margin
49.93%
Payout Ratio
4.57%

Growth (CAGR)

Revenue 5Y
29.24%
Profit 5Y
34.69%
Revenue (YoY)
57.90%
Earnings (YoY)
74.60%

PROS

  • Compounding revenue at 29.2% over 5 years.
  • Profit CAGR of 34.7% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 75.2.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 PARAS Paras Defence and Space Technologies Limited NSEAIDEFENCEINFRA 819.35 75.17 ₹6,602.92 Cr 0.06% 16.29% 13.14% 29.24% 34.69%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 108.23 Cr93.19 Cr105.72 Cr106.35 Cr171.31 Cr
Cost of Revenue 50.09 Cr43.54 Cr46.70 Cr58.12 Cr90.24 Cr
Gross Profit 58.14 Cr49.65 Cr59.02 Cr48.23 Cr81.07 Cr
Operating Expenses 33.65 Cr31.68 Cr33.52 Cr26.40 Cr42.86 Cr
Operating Income 24.49 Cr17.97 Cr25.50 Cr21.83 Cr38.21 Cr
EBITDA 32.41 Cr24.26 Cr31.97 Cr28.49 Cr54.56 Cr
Interest Expense 1.90 Cr83.00 L1.20 Cr90.00 L1.73 Cr
Pretax Income 26.71 Cr19.45 Cr26.58 Cr23.20 Cr48.44 Cr
Tax Provision 5.88 Cr5.18 Cr7.12 Cr6.35 Cr9.56 Cr
Net Income 19.72 Cr14.87 Cr20.64 Cr18.21 Cr34.38 Cr
Diluted EPS 2.451.842.562.264.27

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -220.75 Cr253.46 Cr364.66 Cr476.57 Cr
Cost of Revenue -118.78 Cr140.75 Cr170.23 Cr238.60 Cr
Gross Profit -101.96 Cr112.70 Cr194.43 Cr237.97 Cr
Operating Expenses -53.80 Cr70.81 Cr112.15 Cr134.46 Cr
Operating Income -48.17 Cr41.89 Cr82.28 Cr103.51 Cr
EBITDA -63.10 Cr57.37 Cr105.16 Cr139.28 Cr
Interest Expense -4.98 Cr3.54 Cr6.62 Cr4.66 Cr
Pretax Income -46.84 Cr40.47 Cr83.61 Cr117.67 Cr
Tax Provision -10.90 Cr10.43 Cr22.12 Cr28.21 Cr
Net Income -36.06 Cr32.06 Cr63.47 Cr88.10 Cr
Diluted EPS -4.624.118.0110.93

Compounded Sales Growth

5 Years:29.24%
1 Year:57.90%

Compounded Profit Growth

5 Years:34.69%
1 Year:74.60%

Stock Price Performance

1 Year:+0.85%
6 Months:+15.33%
3 Months:+29.51%
1 Month:+3.16%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -520.54 Cr639.73 Cr851.96 Cr964.70 Cr
Current Assets -315.08 Cr401.03 Cr598.43 Cr689.82 Cr
Cash & Equivalents -17.11 Cr2.98 Cr34.47 Cr25.35 Cr
Inventory -93.39 Cr150.21 Cr150.85 Cr159.62 Cr
Receivables -149.87 Cr197.94 Cr294.78 Cr362.96 Cr
Total Liabilities -107.09 Cr196.45 Cr215.34 Cr239.51 Cr
Current Liabilities -82.95 Cr170.73 Cr191.01 Cr213.88 Cr
Long Term Debt -94.58 L1.43 Cr87.57 L68.00 L
Total Debt -14.62 Cr65.80 Cr24.02 Cr27.06 Cr
Total Equity -413.25 Cr444.61 Cr639.94 Cr725.44 Cr
Shares Outstanding -7.80 Cr7.80 Cr8.06 Cr8.06 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow -45.73 Cr-45.54 Cr44.82 Cr24.61 Cr
Investing Cash Flow -9.63 Cr-1.69 Cr-86.99 Cr-17.24 Cr
Financing Cash Flow --40.69 Cr33.10 Cr73.66 Cr-16.63 Cr
Capital Expenditure --25.33 Cr-26.01 Cr-35.23 Cr-37.78 Cr
Free Cash Flow -20.40 Cr-71.55 Cr9.59 Cr-13.17 Cr
Net Change in Cash -14.67 Cr-14.12 Cr31.49 Cr-9.26 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -46.2%44.5%53.3%49.9%
Operating Margin % -21.8%16.5%22.6%21.7%
Net Margin % -16.3%12.6%17.4%18.5%
ROE % -8.7%7.2%9.9%12.1%
ROCE % -11.0%8.9%12.4%13.8%

Shareholding Pattern

Insiders
56.05%
Institutions
4.85%
Public Float
11.04%

Analyst View

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