Paras Defence and Space Technologies Ltd
PARASParas Defence and Space Technologies Ltd
PARAS
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 106.85 | 9.86 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 53.44 | 7.46 | 0.45% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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.
Peers
Compare with peersHindustan Aeronautics Ltd
Bharat Dynamics Ltd
Data Patterns (India) Ltd
ideaForge Technology Ltd
Taneja Aerospace and Aviation Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Hmm, looks like data is unavailable here. Please come back after some timeIncome
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 157.17 | 149.05 | 144.61 | 185.53 | 230.65 | 261.77 | 296.71 | |||||||
Raw Materials | 95.52 | 74.41 | 73.35 | 82.32 | 116.84 | 153.93 | 224.44 | |||||||
| Power & Fuel Cost | 2.18 | 2.45 | 2.48 | 2.87 | 3.28 | 3.60 | ||||||||
| Employee Cost | 8.98 | 10.96 | 11.74 | 14.81 | 21.87 | 30.90 | ||||||||
| Selling & Administrative Expenses | 8.74 | 8.99 | 5.37 | 8.25 | 17.25 | 17.57 | ||||||||
| Operating & Other expenses | -4.22 | 10.53 | 6.32 | 21.87 | 5.55 | -5.96 | ||||||||
EBITDA | 45.97 | 41.71 | 45.35 | 55.41 | 65.86 | 61.73 | 72.27 | |||||||
| Depreciation/Amortization | 9.41 | 9.71 | 9.65 | 10.42 | 11.27 | 13.36 | 13.87 | |||||||
| PBIT | 36.56 | 32.00 | 35.70 | 44.99 | 54.59 | 48.37 | 58.40 | |||||||
| Interest & Other Items | 9.75 | 10.22 | 13.08 | 8.41 | 7.75 | 7.90 | 6.26 | |||||||
| PBT | 26.81 | 21.78 | 22.62 | 36.58 | 46.84 | 40.47 | 52.14 | |||||||
| Taxes & Other Items | 7.84 | 2.14 | 6.89 | 9.52 | 10.78 | 8.41 | 11.24 | |||||||
| Net Income | 18.97 | 19.64 | 15.73 | 27.06 | 36.06 | 32.06 | 40.90 | |||||||
| EPS | 6.68 | 6.91 | 5.40 | 7.86 | 9.25 | 8.22 | 10.49 | |||||||
| DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | |||||||
| Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
IndustrialsAerospace & Defense Equipments
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Paras Defence and Space Technologies Ltd | 136.31 | 9.86 | — |
| Hindustan Aeronautics Ltd | 38.84 | 10.16 | 0.79% |
| Bharat Dynamics Ltd | 67.55 | 11.38 | 0.47% |
| Data Patterns (India) Ltd | 70.94 | 9.73 | 0.28% |
Price Comparison
Compare PARAS with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 2.84%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Motilal Oswal Nifty India Defence Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5593% | Percentage of the fund’s portfolio invested in the stock 1.08% | Change in the portfolio weight of the stock over the last 3 months 1.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 14/17 (-1) |
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0842% | Percentage of the fund’s portfolio invested in the stock 0.25% | Change in the portfolio weight of the stock over the last 3 months -0.05% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 161/252 (-25) |
Aditya Birla Sun Life Nifty India Defence Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0797% | Percentage of the fund’s portfolio invested in the stock 1.06% | Change in the portfolio weight of the stock over the last 3 months 1.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 14/17 (-2) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividends
PARAS has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Hmm, looks like data is unavailable here. Please come back after some timeParas 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
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
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
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
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
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
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
Paras Defence shares rise 5% on stellar Q1 earnings, check details
Paras Defence spurts as Q1 PAT zooms to Rs 15 cr
Paras Defence and Space Technologies consolidated net profit rises 147.09% in the June 2024 quarter
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 10.74%, vs industry avg of 8.49%
Increasing Market Share
Over the last 5 years, market share increased from 0.65% to 0.72%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 11.07%, vs industry avg of 24.96%