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Paras Defence and Space Technologies Ltd

PARAS

Paras Defence and Space Technologies Ltd

PARAS
IndustrialsAerospace & Defense Equipments
SmallcapWith a market cap of ₹4,329 cr, stock is ranked 825
High RiskStock is 3.87x as volatile as Nifty
1,089.151.99% (+21.25)
1,089.151.99% (+21.25)

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IndustrialsAerospace & Defense Equipments
SmallcapWith a market cap of ₹4,329 cr, stock is ranked 825
High RiskStock is 3.87x as volatile as Nifty

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IndustrialsAerospace & Defense Equipments
SmallcapWith a market cap of ₹4,329 cr, stock is ranked 825
High RiskStock is 3.87x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
95.509.77
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
49.527.020.55%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

The Company is involved in developing systems for defense and space applications. It operates under five segments, Defense & Space Optics, Defense Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions and Niche Technologies.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 10.74%, vs industry avg of 8.49%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.65% to 0.72%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 11.07%, vs industry avg of 24.96%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue157.17149.05144.61185.53230.65261.77323.06
Raw Materialssubtract95.5274.4173.3582.32116.84153.93243.00
Power & Fuel Costsubtract2.182.452.482.873.283.60
Employee Costsubtract8.9810.9611.7414.8121.8730.90
Selling & Administrative Expensessubtract8.748.995.378.2517.2517.57
Operating & Other expensessubtract-4.2210.536.3221.875.55-5.96
Depreciation/Amortizationsubtract9.419.719.6510.4211.2713.3614.07
Interest & Other Itemssubtract9.7510.2213.088.417.757.907.86
Taxes & Other Itemssubtract7.842.146.899.5210.788.4112.79
EPS6.686.915.407.869.258.2211.63
DPS0.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

Aug 27PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsAerospace & Defense Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Paras Defence and Space Technologies Ltd135.069.77
Hindustan Aeronautics Ltd39.2910.270.78%
Bharat Dynamics Ltd68.8011.590.46%
Data Patterns (India) Ltd77.1410.580.26%

Price Comparison

Compare PARAS with any stock or ETF
Compare PARAS with any stock or ETF
PARAS
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding58.94%0.63%0.01%3.47%36.96%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.11%0.55%0.49%0.13%2.97%3.47%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Paras Defence and Space Technologies Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan

Growth
0.4577%0.93%-0.09%15/18 (-2)
ITI Multi-Cap Fund - Growth - Direct Plan

Growth
0.3257%0.99%0.99%72/101 (+27)
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan

Growth
0.0801%0.21%-0.05%134/310 (-3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

PARAS has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

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News & Opinions
Corporate
Paras Defence opens optical systems testing facility in Navi Mumbai

Paras Defence and Space Technologies has opened its advanced, State-of-the-Art Optical Systems testing facility in Navi Mumbai, Maharashtra. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Paras Defence and Space Technologies wins order of Rs 61 cr from IRDE, Ministry of Defence

Paras Defence and Space Technologies has received an order from Instruments Research and Development Establishment (IRDE), Ministry of Defence, Government of India, Dehradun, valued at approximately Rs 61.43 crore (incl taxes) for Upgrade of Optronic Periscope Sight with Accessories, including ESM Warner, for Indian Naval Submarine Application.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Paras Defence hits the roof after bagging supply order from Defence Ministry entity

Opto Electronics Factory (OLF) is a unit of India Optel Ltd., Govt. of India Enterprise, Ministry of Defence, Dehradun. The contract is for the supply of 5 types of electronic control sub-systems used in thermal imaging fire control system (TIFCS) delivered by OLF to Indian Armed Forces. The contract has to be executed within a period of 24 months. Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals ' defence and space optics, defence electronics solutions, and heavy engineering. As on 30 June 2024, the Government of India held 58.94% in the company. The company had reported 47.13% rise in consolidated net profit to Rs 13.86 crore on a 42.05% increase in sales to Rs 87.09 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Paras Defence and Space Technologies consolidated net profit rises 47.13% in the September 2024 quarter

Net profit of Paras Defence and Space Technologies rose 47.13% to Rs 13.86 crore in the quarter ended September 2024 as against Rs 9.42 crore during the previous quarter ended September 2023. Sales rose 42.05% to Rs 87.09 crore in the quarter ended September 2024 as against Rs 61.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales87.0961.31 42 OPM %26.1125.31 - PBDT21.8515.66 40 PBT18.1612.17 49 NP13.869.42 47 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Paras Defence & Space Techs. to declare Quarterly Result

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Paras Defence allots 12.93 lakh equity shares under QIP issue

Paras Defence and Space Technologies has allotted 12,93,604 equity shares, to eligible QIBs at the issue price of Rs 1,045 per equity share (including a premium of Rs 1,035 per equity share, aggregating to Rs 135.18 crore, pursuant to the QIP. Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the Company stands increased from Rs 39,00,00,610 consisting of 3,90,00,061 equity shares to Rs 40,29,36,650 consisting of 4,02,93,665 equity shares. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Paras Anti-Drone Technologies wins ADITI 1.0 Challenge for mobile ground station system

Paras Anti-Drone Technologies, a subsidiary of Paras Defence and Space Technologies (Paras), has won the ADITI 1.0 Challenge for Mobile Ground Station in S/X/Ka band for Transmitting and Receiving Data from Satellites. The Scheme/Challenge was launched by Defence Innovation Organisation (DIO), under the Department of Defence Production (DDP) ' Ministry of Defence, Government of India as ADITI (Acing Development of Innovative Technologies with iDEX), a Scheme under iDEX for Promoting Innovations in Critical and Strategic Defence Technologies. As per the Scheme, Paras Anti-Drone Technologies is eligible for a grant amount upto 50% of the Product Development Budget (PDB), with a maximum limit of Rs. 25 crore. Pursuant to this award, Paras Anti-Drone Technologies will engage in the development of a groundbreaking Mobile Ground Station system. This solution, under development, leverages cuttingedge phased array technology to address next-generation demands for high-data-rate connectivity and multi-satellite tracking.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Paras Defence to execute order of Rs 293 cr for Larsen & Toubro

Paras Defence and Space Technologies announced that Controp-Paras Technologies, an associate company, has received an order from Larsen & Toubro valued at approximately Rs 305 crore comprising of manufacturing and supply of 244 nos. of Sight - 25HD EO (Electro-Optics) System along with Extended Warranty Charges and Integrated Logistics Support ('ILS') Package, for their CIWS Program. Paras Defence and Space Technologies will be executing the Indian content of the aforementioned order valued at approximately Rs 293 crore. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Paras Defence receives affirmation in credit ratings from CRISIL

Paras Defence and Space Technologies announced that CRISIL has reaffirmed the ratings on bank loan facilities at CRISIL A-;Stable / CRISIL A2+. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Paras Defence & Space Techs. schedules AGM

Paras Defence & Space Techs. announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live