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Paras Defence Share Price

PARAS

₹1,398.25-₹27.25 (-1.91%) TodayLast updated on 21 Jun, 2024 | 09:28 AM IST
₹1,388.00₹1,439.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹4,512 Crs

Open

₹1,423.00

Close

₹1,425.50

Circuit range

₹1,568.05 - ₹1,282.95

Day range

₹1,388.00 - ₹1,439.00

Year range

₹604.45 - ₹1,527.05

Volume

2,02,359

Avg. traded

₹1,409.40

Revenue (12m)

₹254 Crs

Paras Defence

Paras Defence and Space Technologies Limited is an Indian aerospace and defence company. It was founded in 2009 as Paras FlowForm Engineering Limited. Its name was changed to Paras Defence and Space Technologies Limited in 2015. The company engages in the design, development, manufacturing, testing and commissioning of products, systems and solutions for defence and space applications.

Paras Defence is the only Indian private company in the entire Asia-Pacific region capable of constructing a turnkey optronic periscope designed for submarine applications. It is also the only Indian company to achieve the successful development of a fully functional remote-controlled border defence system. The company completed the firing trials in November 2022.

It is actively engaged in the development of full cameras for defence and space applications.

The market capitalisation of Paras Defence and Space Technologies Limited is close to ₹3,000 crores as of January 16, 2024. Paras Defence share price has gained over 30% in the last one year.

Business operations

Paras Defence has five verticals in its business namely defence and space optics, defence electronics, heavy engineering, electromagnetic pulse protection solutions and niche technologies. It is involved in technologies for rockets and missiles, space and space research, naval systems, land and armoured vehicles, electronic warfare and surveillance, as well as electromagnetic shielding.

The company primarily caters to government organisations including the Defence Research and Development Organisation (DRDO), the Indian Space Research Organisation (ISRO), Defence Public Sector Undertakings (DPSUs), shipyards and ordnance factories. It also serves publicly listed corporations such as Tata, L&T and Solar. It also extends its services to numerous private and international firms operating within the defence and space industries.

Paras Defence conducts business operations with a focus on manufacturing, research and development (R&D), after-sales support and international exports. In terms of manufacturing, the company operates facilities in Navi Mumbai and Ambernath.

The company has R&D centres located in Navi Mumbai, Bengaluru and Ahmedabad. To ensure customer satisfaction and ongoing support, the company provides after-sales services from multiple locations. These include Navi Mumbai, Ambernath, Bengaluru, New Delhi and Hyderabad. When it comes to international exports, Paras Defence's markets include Israel, the USA, Europe, South Korea, Singapore, the UAE, Saudi Arabia, South Africa and Canada.

Paras Defence holds a majority stake of 60% in Paras Aerospace Private Limited, a company actively engaged in drones, drone services and associated technologies. Additionally, it has a 55% ownership in Paras Anti-Drone Technologies Private Limited, which focuses on the development of radio frequency and microwave systems and sub-systems to counter unmanned aerial vehicles.

Paras Defence and Space Technologies Limited wholly owns Opel Technologies Private Limited, a company dedicated to providing solutions for efficient global sourcing. Another subsidiary, Ayatti Innovative Private Limited, has a 58% holding and specialises in the manufacturing of structural metal products, particularly for railway coaches.

Financial highlights

  • Paras Defence and Space Technologies Limited's revenue from operations for FY23 stood at ₹222.4 crore, up 21.8% compared to ₹182.6 crore in FY22.
  • The net profit after tax for FY23 was ₹36 crore compared to ₹27 crore during the previous year.
  • In FY23, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹56.75 crore from the previous year's ₹51.85 crore.
  • The company's earnings per share (EPS) stood at ₹9.25 in FY23 compared to ₹7.78 in the previous financial year.

Paras Defence Key indicators

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52 week high

₹1,527.05

52 week low

₹604.45

P/E ratio

140.57

P/B ratio

11.21

ROE

10.16%

ROCE

14.63%

Dividend yield

--

Debt/Equity ratio

EPS

9.21

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Investment checklist: (3/6)

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

30.11%

Net profit margin

16.77%

ROE

10.16%

ROA

7.5%

ROCE

14.63%

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Paras Defence Shareholder returns

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1 day

+4.19%

1 week

+62.95%

1 month

+86.66%

3 months

+129.27%

1 year

+135.22%

3 years

+193.70%

5 years

+193.70%

Paras Defence Share Price history

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DayOpenCloseDay’s change
Thu, Jun 20 2024
₹1,432.00
₹1,425.50
-1.44%
Wed, Jun 19 2024
₹1,478.00
₹1,446.35
+4.19%
Tue, Jun 18 2024
₹1,222.70
₹1,388.25
+20.00%
Fri, Jun 14 2024
₹974.40
₹1,156.90
+20.00%
Thu, Jun 13 2024
₹904.70
₹964.10
+7.63%
Wed, Jun 12 2024
₹894.70
₹895.75
+0.92%
Tue, Jun 11 2024
₹886.00
₹887.60
+0.92%
Mon, Jun 10 2024
₹904.00
₹879.55
-2.74%

Shareholding info

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Promoters (58.94%)

Mutual Funds (2.75%)

Retail and other (38.18%)

Foreign institutions-FII (0.13%)

Other domestic institutions (0%)

Promoters

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