Paras Defence and Space Technologies Ltd

PARAS

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Market Cap

₹ 5,315 Cr

P/E

75.63

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Paras Defence and Space Technologies Limited specializes in designing, developing, manufacturing, and testing solutions for defense and space applications.

In 2018, Paras expanded its facilities in Bangalore to produce large-size space optics, significantly broadening its product line.

The company launched Paras Aerospace Private Limited in 2019 to venture into the drone industry, showing strategic diversification.

Paras Defence raised Rs 170.77 crore in its IPO in September 2021, demonstrating strong investor confidence.

In 2022, Paras collaborated with DRDO to develop a remote-controlled border defense system, enhancing its defense technology portfolio.

Sector

Aerospace & Defence

Industry

Engineering - Heavy - General - Medium / Small

Market Cap

5,315 Cr

Volatility

High Risk

P/E Ratio

75.6

Industry P/E

64.1

PEG Ratio

2.3

P/B Ratio

8.4

52W High

971.80

52W Low

401.00

Sales CAGR

43.85%

22.86%

17.90%

10Y

—

Profit CAGR

104.69%

34.22%

26.65%

10Y

—

ROE

TTM

10.46%

8.81%

8.39%

10Y

—

ROCE

TTM

13.27%

12.10%

12.09%

10Y

—

Technicals

‌

Forecasts

No. of Analysts

9

1Y Price Target

996.54 ▲ 53.91%

Q3 EPS Estimate

Q3 Revenue Estimate

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Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PARAS	659.50	5,315 Cr	75.63	8.44	0.08	10.46	13.27	7.41
UNIMECH	935.85	4,743 Cr	59.59	6.72	0.00	11.27	12.41	9.17
KILBUNENGG	568.50	2,924 Cr	34.90	5.21	0.32	14.91	19.58	9.98
ROSSTECH	677.70	2,555 Cr	121.68	18.03	0.03	14.83	11.59	3.96
FLATPROD	5099.50	2,518 Cr	299.09	12.43	0.14	-3.95	-3.70	1.48
IDEAFORGE	426.50	1,847 Cr	—	3.25	0.00	-16.33	-14.53	-13.48
GEORGFISCH	12350.00	1,784 Cr	34.42	6.44	1.63	17.32	23.70	10.83

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	48	61	64	80	84	87	86	108	93	106
Expenses	37	46	52	67	59	64	64	80	71	76
Operating Profit	11	16	12	12	24	23	22	28	22	30
OPM %	22.41	25.35	19.38	15.37	28.86	26.12	25.71	26.14	23.55	28.08
Other Income	0.85	1.08	0.77	5.51	0.56	1.66	1.61	4.12	2.31	2.28
Interest	0.71	0.96	1.51	2.26	1.53	2.56	0.63	1.90	0.83	1.20
Depreciation	3.14	3.49	3.34	3.39	3.65	3.69	3.79	3.80	3.98	4.19
Profit Before Tax	7.83	12	8.36	12	20	18	19	27	19	27
Tax %	25.80	28.02	29.90	20.73	27.64	30.07	28.01	22.01	26.63	26.79
Net Profit	5.81	8.76	5.86	9.60	14	13	14	21	14	19
EPS in Rs	0.75	1.17	0.83	1.24	1.84	1.72	1.87	2.45	1.85	2.56

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	130	152	154	147	143	183	222	253	365	374
Expenses	90	102	112	108	100	131	166	202	267	279
Operating Profit	40	49	43	39	43	52	57	51	97	95
OPM %	30.61	32.41	27.74	26.71	30.28	28.41	25.51	20.14	26.66	25.39
Other Income	1.30	1.14	2.77	2.01	1.28	2.97	8.09	8.21	7.95	9.70
Interest	7.13	7.27	9.39	9.77	12	7.83	6.72	5.44	6.62	5.92
Depreciation	4.46	6.94	9.41	9.71	9.65	10	11	13	15	15
Profit Before Tax	13	30	27	22	23	37	47	40	84	84
Tax %	28.96	25.09	29.24	9.80	30.18	25.96	23.28	25.77	26.45	26.22
Net Profit	9.11	22	19	20	16	27	36	30	61	62
EPS in Rs	—	—	—	—	—	7.33	4.47	3.98	7.88	8.72
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.24	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5.01	5.58	5.68	28	30	39	39	39	40
Reserves	81	124	147	144	177	339	374	406	600
Borrowings	53	60	76	97	106	31	15	66	24
Other Liabilities	48	47	101	73	50	48	93	129	188
Total Liabilities	187	236	330	342	363	458	521	640	852
Fixed Assets	94	152	168	158	157	136	153	186	190
CWIP	0.00	1.21	2.63	4.91	0.51	0.50	4.52	4.46	11
Investments	0.05	0.05	0.05	0.05	1.13	21	28	22	29
Other Assets	93	83	159	180	204	300	335	427	623
Total Assets	187	236	330	342	363	458	521	640	852

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	7.76	57	-12	-2.60	4.29	12	46	-46	45
Cash from Investing Activity	-15	-55	-9.55	-4.88	-6.26	-77	9.89	-1.69	-87
Cash from Financing Activity	-15	-2.58	21	8.55	5.38	63	-41	33	74
Net Cash Flow	-23	-0.01	-0.19	1.08	3.40	-2.50	15	-14	31

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	May 2025	Jun 2025	Sep 2025
Promoters	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	58.94%	57.05%	57.05%	53.74%	53.74%	53.20%
FIIs	0.53%	0.11%	0.55%	0.49%	0.13%	2.97%	3.47%	4.85%	5.24%	7.28%	6.85%	5.69%
DIIs	2.57%	2.21%	2.72%	2.74%	2.75%	0.07%	0.63%	1.48%	1.55%	2.17%	1.95%	1.47%
Public	37.96%	38.74%	37.78%	37.83%	38.18%	38.01%	36.96%	36.62%	36.17%	36.82%	37.45%	39.64%
Total Shareholders	2,32,367	2,39,911	2,58,613	2,53,462	2,59,335	2,96,501	3,04,229	3,10,294	3,10,834	3,22,497	3,35,075	3,70,508

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jul 01, 2025	Anish hemant mehta	Insider - Promoter Group	Disposal	1,606.41	5.02 Cr	31,250	0.07
Jul 01, 2025	Shilpa amit mahajan	Insider - Director	Disposal	1,607.22	2.51 Cr	15,625	0.03
Jul 01, 2025	Kaajal harsh bhansali	Insider - Promoter Group	Disposal	1,606.79	5.02 Cr	31,250	0.07
Jul 01, 2025	Sharad virji shah	Insider - Promoter & Director	Disposal	1,605.98	25.09 Cr	1,56,250	0.38
Jul 01, 2025	Amit navin mahajan	Insider - Designated Person	Disposal	1,608.08	2.51 Cr	15,625	0.03
Jul 01, 2025	Sharad virji shah	Insider - Promoter & Director	Disposal	1,605.98	25.09 Cr	1,56,250	0.38
Jul 01, 2025	Shilpa amit mahajan	Insider - Director	Disposal	1,607.22	2.51 Cr	15,625	0.03
Jul 01, 2025	Anish hemant mehta	Insider - Promoter Group	Disposal	1,606.41	5.02 Cr	31,250	0.07
Jul 01, 2025	Kaajal harsh bhansali	Insider - Promoter Group	Disposal	1,606.79	5.02 Cr	31,250	0.07
Jul 01, 2025	Amit navin mahajan	Insider - Designated Person	Disposal	1,608.08	2.51 Cr	15,625	0.03

Projection

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PARAS	659.50	5,315 Cr	75.63	8.44	0.08	10.46	13.27	7.41
UNIMECH	935.85	4,743 Cr	59.59	6.72	0.00	11.27	12.41	9.17
KILBUNENGG	568.50	2,924 Cr	34.90	5.21	0.32	14.91	19.58	9.98
ROSSTECH	677.70	2,555 Cr	121.68	18.03	0.03	14.83	11.59	3.96
FLATPROD	5099.50	2,518 Cr	299.09	12.43	0.14	-3.95	-3.70	1.48
IDEAFORGE	426.50	1,847 Cr	—	3.25	0.00	-16.33	-14.53	-13.48
GEORGFISCH	12350.00	1,784 Cr	34.42	6.44	1.63	17.32	23.70	10.83

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	48	61	64	80	84	87	86	108	93	106
Expenses	37	46	52	67	59	64	64	80	71	76
Operating Profit	11	16	12	12	24	23	22	28	22	30
OPM %	22.41	25.35	19.38	15.37	28.86	26.12	25.71	26.14	23.55	28.08
Other Income	0.85	1.08	0.77	5.51	0.56	1.66	1.61	4.12	2.31	2.28
Interest	0.71	0.96	1.51	2.26	1.53	2.56	0.63	1.90	0.83	1.20
Depreciation	3.14	3.49	3.34	3.39	3.65	3.69	3.79	3.80	3.98	4.19
Profit Before Tax	7.83	12	8.36	12	20	18	19	27	19	27
Tax %	25.80	28.02	29.90	20.73	27.64	30.07	28.01	22.01	26.63	26.79
Net Profit	5.81	8.76	5.86	9.60	14	13	14	21	14	19
EPS in Rs	0.75	1.17	0.83	1.24	1.84	1.72	1.87	2.45	1.85	2.56

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	130	152	154	147	143	183	222	253	365	374
Expenses	90	102	112	108	100	131	166	202	267	279
Operating Profit	40	49	43	39	43	52	57	51	97	95
OPM %	30.61	32.41	27.74	26.71	30.28	28.41	25.51	20.14	26.66	25.39
Other Income	1.30	1.14	2.77	2.01	1.28	2.97	8.09	8.21	7.95	9.70
Interest	7.13	7.27	9.39	9.77	12	7.83	6.72	5.44	6.62	5.92
Depreciation	4.46	6.94	9.41	9.71	9.65	10	11	13	15	15
Profit Before Tax	13	30	27	22	23	37	47	40	84	84
Tax %	28.96	25.09	29.24	9.80	30.18	25.96	23.28	25.77	26.45	26.22
Net Profit	9.11	22	19	20	16	27	36	30	61	62
EPS in Rs	—	—	—	—	—	7.33	4.47	3.98	7.88	8.72
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.24	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5.01	5.58	5.68	28	30	39	39	39	40
Reserves	81	124	147	144	177	339	374	406	600
Borrowings	53	60	76	97	106	31	15	66	24
Other Liabilities	48	47	101	73	50	48	93	129	188
Total Liabilities	187	236	330	342	363	458	521	640	852
Fixed Assets	94	152	168	158	157	136	153	186	190
CWIP	0.00	1.21	2.63	4.91	0.51	0.50	4.52	4.46	11
Investments	0.05	0.05	0.05	0.05	1.13	21	28	22	29
Other Assets	93	83	159	180	204	300	335	427	623
Total Assets	187	236	330	342	363	458	521	640	852

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	7.76	57	-12	-2.60	4.29	12	46	-46	45
Cash from Investing Activity	-15	-55	-9.55	-4.88	-6.26	-77	9.89	-1.69	-87
Cash from Financing Activity	-15	-2.58	21	8.55	5.38	63	-41	33	74
Net Cash Flow	-23	-0.01	-0.19	1.08	3.40	-2.50	15	-14	31

Oscillators

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Neutral

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Overall

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Moving Averages

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Overall

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Bullish

Overview

Detailed Summary

Paras Defence and Space Technologies Limited specializes in designing, developing, manufacturing, and testing solutions for defense and space applications.

In 2018, Paras expanded its facilities in Bangalore to produce large-size space optics, significantly broadening its product line.

The company launched Paras Aerospace Private Limited in 2019 to venture into the drone industry, showing strategic diversification.

Paras Defence raised Rs 170.77 crore in its IPO in September 2021, demonstrating strong investor confidence.

In 2022, Paras collaborated with DRDO to develop a remote-controlled border defense system, enhancing its defense technology portfolio.

Sector

Aerospace & Defence

Industry

Engineering - Heavy - General - Medium / Small

Market Cap

5,315 Cr

Volatility

High Risk

P/E Ratio

75.6

Industry P/E

64.1

PEG Ratio

2.3

P/B Ratio

8.4

52W High

971.80

52W Low

401.00

Sales CAGR

43.85%

22.86%

17.90%

10Y

—

Profit CAGR

104.69%

34.22%

26.65%

10Y

—

ROE

TTM

10.46%

8.81%

8.39%

10Y

—

ROCE

TTM

13.27%

12.10%

12.09%

10Y

—