Paras Defence and Space Technologies
- Market cap
- ₹ 9,524 Cr.
- P/E
- 102.6x
- P/B
- 13.39x
- 52-week range
- 580.5 – 1,585
- ROE
- 12%
- ROCE
- 17%
- Dividend yield
- 0.1%
- Debt / equity
- 0.04
- Sector
- Aerospace & Defense
- Industry
- Aerospace & Defense
- Listed on
- NSE, BSE
About
Paras Defence and Space Technologies Limited is an India-based defense engineering Company. The Company is engaged in offering a range of products and solutions for defense and space application. It operates through two segments: Optics & Optronic Systems and Defense Engineering. Optics & Optronic Systems segment include optical components and sub-systems, such as space optics/gratings/mirrors, infra-red lenses for night vision devices, opto-mechanical assemblies and precision diamond turned components and opto-electronic systems comprising of submarine periscope, hyperspectral camera. Defense Engineering segment include defense electronics compromising of defense automation and control systems, rugged command and control consoles, and avionic suite; heavy engineering comprising of flow formed rockets/ missile motor tubes, electromechanical assemblies, remote controlled border defense system and turnkey projects, and electromagnetic pulse protection solutions.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Aerospace & Defense: 33 companies →Paras Defence and Space Technologies against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)102.6 against a typical 72.2: pricier than most peers (1st = cheapest).23rd of 33
- Sales growth+37.6% against a typical +30.4% from a year earlier.12th of 28
- Profit growth+50% against a typical +8.9% from a year earlier.8th of 27
- Share price, 3 months+6.1% against a typical −2%.13th of 32
- Size₹ 9,523.8 Cr. market value against a typical ₹ 4,442.2 Cr. (1st = largest).8th of 28
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]A /[ICRA]A2+ | Stable | 30 Sep 2026 |
| CRISIL | Withdrawn | Positive | 9 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Sep 2026 | ▲ Upgrade | [ICRA]A /[ICRA]A2+ | Low | ICRA | ₹ 330 Cr. | |
| 9 Sep 2025 | Withdrawn | was Crisil A- (Rating Reaffirmed and Withdrawn) | — | CRISIL | ₹ 103 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Paras Defence and Space TechnologiesAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 13 May 2026 | Dividend | To consider and recommend payment of Dividend on equity shares of the Company for the Financial Year ended March 31, 2026. |
| 23 Jan 2026 | Financial Results | To consider and approve the financial results for the quarter and period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | To consider and approve the unaudited financial results for the quarter ended September 30, 2025 |
| 25 Jul 2025 | Financial Results | To consider and approve the Standalone and Consolidated unaudited financial results for the period ended Jun 30, 2025 |
| 30 Apr 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the quarter and year ended March 31, 2025, dividend and sub-division/split of equity shares. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 61 | 64 | 80 | 84 | 87 | 86 | 108 | 93 | 106 | 106 | 171 | 128 |
| Expenses | 46 | 52 | 67 | 59 | 64 | 64 | 80 | 71 | 76 | 80 | 129 | 96 |
| Operating Profit | 16 | 12 | 12 | 24 | 23 | 22 | 28 | 22 | 30 | 26 | 43 | 32 |
| OPM % | 25% | 19% | 15% | 29% | 26% | 26% | 26% | 23% | 28% | 25% | 25% | 25% |
| Other Income | 1 | 1 | 6 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 12 | 2 |
| Interest | 1 | 2 | 2 | 2 | 3 | 1 | 2 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 12 | 8 | 12 | 20 | 18 | 19 | 27 | 19 | 27 | 23 | 48 | 28 |
| Tax % | 28% | 30% | 21% | 28% | 30% | 28% | 22% | 27% | 27% | 27% | 20% | 26% |
| Net Profit | 9 | 6 | 10 | 14 | 13 | 14 | 21 | 14 | 19 | 17 | 39 | 21 |
| EPS in Rs | 1.21 | 0.85 | 1.28 | 1.9 | 1.78 | 1.87 | 2.45 | 1.84 | 2.56 | 2.26 | 4.27 | 2.63 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 27%
- 3 Years
- 29%
- TTM
- 37%
- 10 Years
- —
- 5 Years
- 40%
- 3 Years
- 33%
- TTM
- 46%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 64%
- TTM
- —
- 10 Years
- —
- 5 Years
- 10%
- 3 Years
- 11%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Paras Defence and Space Technologies | ₹ 1,299.90 | ₹ 9,524 Cr. | 102.6x | 13.4x | 12% | — |
| HFCL | ₹ 240.45 | ₹ 36,803 Cr. | 100.1x | 6.7x | 7% | 6.7% |
| ITI | ₹ 215.45 | ₹ 20,719 Cr. | — | 14.4x | 16.6% | 13.4% |
| Tejas Networks | ₹ 410.00 | ₹ 7,297 Cr. | — | 3.3x | −26.8% | −82.4% |
| Avantel | ₹ 136.55 | ₹ 3,606 Cr. | 308.2x | 13.4x | — | 7.1% |
| Vindhya Telelinks | ₹ 2,478.30 | ₹ 2,894 Cr. | 9.6x | 0.5x | 5.3% | 6.1% |
Management
- Harsh Dhirendra Bhansali
- Chief Financial Officer
- Bharat Yelkur
- Senior Vice President - Marketing
- Ami Munjal Shah
- Senior Vice President - Human Resources and Administrator
- K. Natarajan
- Senior Vice President - Software Development
- K. Padmanabham
- Senior Vice President - Electronics
- R. Rajagopalan
- Senior Vice President - Business Development
- G. S. Ravichandar
- Senior Vice President, Head - Naval Business Development
- N. Saravanan
- Senior Vice President - System Integration
Prices are delayed and for information only. Nothing on this page is investment advice.