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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 ₹4,370 cr, stock is ranked 832
High RiskStock is 3.80x as volatile as Nifty
1,072.401.96% (-21.40)
1,072.401.96% (-21.40)

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IndustrialsAerospace & Defense Equipments
SmallcapWith a market cap of ₹4,370 cr, stock is ranked 832
High RiskStock is 3.80x as volatile as Nifty

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IndustrialsAerospace & Defense Equipments
SmallcapWith a market cap of ₹4,370 cr, stock is ranked 832
High RiskStock is 3.80x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
106.859.86
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
53.447.460.46%

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 Revenue157.17149.05144.61185.53230.65261.77296.71
Raw Materialssubtract95.5274.4173.3582.32116.84153.93224.44
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/Amortizationsubtract9.419.719.6510.4211.2713.3613.87
Interest & Other Itemssubtract9.7510.2213.088.417.757.906.26
Taxes & Other Itemssubtract7.842.146.899.5210.788.4111.24
EPS6.686.915.407.869.258.2210.49
DPS0.000.000.000.000.000.00
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 Ltd136.319.86
Hindustan Aeronautics Ltd38.8410.160.79%
Bharat Dynamics Ltd67.5511.380.47%
Data Patterns (India) Ltd70.949.730.28%

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

Increased 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 increased by 2.84%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding58.94%0.06%0.01%2.97%38.01%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun0.53%0.11%0.55%0.49%0.13%2.97%

Mutual Funds Holding Trend

Decreased 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 decreased by 2.68%

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
0.5593%1.08%1.08%14/17 (-1)
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan

Growth
0.0842%0.25%-0.05%161/252 (-25)
Aditya Birla Sun Life Nifty India Defence Index Fund - Growth - Direct Plan

Growth
0.0797%1.06%1.06%14/17 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

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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 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

6 days 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

3 weeks 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

1 month agoCapital Market - Live
Spotlight
Paras Defence rises as board OKs raising Rs 200 cr via QIP issue

The company added that it may issue other convertible securities, in one or more tranches and/or one or more issuances simultaneously, subject to necessary approvals. 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 reported a consolidated net profit of Rs 14.85 crore in Q1 FY25, steeply higher than Rs 6.01 crore posted in Q1 FY24. Revenue from operations soared 72.95% YoY to Rs 83.57 crore in June 2024 quarter. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Paras Defence and Space Technologies to consider fund raising

The Board of Paras Defence and Space Technologies will meet on 27 August 2024 to consider proposal for fund raising. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Paras Defence & Space Techs. to hold board meeting

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 27 August 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Paras Defence arm gets Rs 305-cr order from L&T

The order comprises of manufacturing and supply of 244 sight ' 25HD EO (electro-optics) system along with extended warranty charges and integrated logistics support (ILS) Package, for their CIWS Program. The cost of order is Rs 305 crore and it expected to be executed within 47 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 reported a consolidated net profit of Rs 14.85 crore in Q1 FY25, steeply higher than Rs 6.01 crore posted in Q1 FY24. Revenue from operations soared 72.95% YoY to Rs 83.57 crore in June 2024 quarter. The scrip declined 2.44% to close at Rs 1,149.95 on 14 August 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live

Paras Defence shares rise 5% on stellar Q1 earnings, check details

2 months agoBusiness Today

Paras Defence spurts as Q1 PAT zooms to Rs 15 cr

2 months agoBusiness Standard

Paras Defence and Space Technologies consolidated net profit rises 147.09% in the June 2024 quarter

2 months agoBusiness Standard