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
HighShowing good signs of profitability & efficiency
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 |
|---|---|---|
| 86.82 | 8.88 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 47.02 | 6.56 | 0.58% |
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
Sika Interplant Systems 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 | 323.06 | |||||||
Raw Materials | 95.52 | 74.41 | 73.35 | 82.32 | 116.84 | 153.93 | 243.00 | |||||||
| 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 | 80.06 | |||||||
| Depreciation/Amortization | 9.41 | 9.71 | 9.65 | 10.42 | 11.27 | 13.36 | 14.07 | |||||||
| PBIT | 36.56 | 32.00 | 35.70 | 44.99 | 54.59 | 48.37 | 65.99 | |||||||
| Interest & Other Items | 9.75 | 10.22 | 13.08 | 8.41 | 7.75 | 7.90 | 7.86 | |||||||
| PBT | 26.81 | 21.78 | 22.62 | 36.58 | 46.84 | 40.47 | 58.13 | |||||||
| Taxes & Other Items | 7.84 | 2.14 | 6.89 | 9.52 | 10.78 | 8.41 | 12.79 | |||||||
| Net Income | 18.97 | 19.64 | 15.73 | 27.06 | 36.06 | 32.06 | 45.34 | |||||||
| EPS | 6.68 | 6.91 | 5.40 | 7.86 | 9.25 | 8.22 | 11.63 | |||||||
| DPS | 0.00 | 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 | 122.78 | 8.88 | — |
| Hindustan Aeronautics Ltd | 36.08 | 9.44 | 0.85% |
| Bharat Dynamics Ltd | 55.96 | 9.43 | 0.56% |
| Data Patterns (India) Ltd | 70.35 | 9.65 | 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
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | 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 0.5035% | Percentage of the fund’s portfolio invested in the stock 0.93% | Change in the portfolio weight of the stock over the last 3 months -0.09% | 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 15/18 (-2) |
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 0.0881% | Percentage of the fund’s portfolio invested in the stock 0.21% | 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 134/310 (-3) |
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 0.0777% | Percentage of the fund’s portfolio invested in the stock 0.92% | Change in the portfolio weight of the stock over the last 3 months 0.92% | 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 15/18 (-3) |
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 has opened its advanced, State-of-the-Art Optical Systems testing facility in Navi Mumbai, Maharashtra. Powered by Capital Market - Live
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
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
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
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
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
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
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
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
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%