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.
Paras Defence Financial Highlights
- Revenue: Paras Defence reported revenue of ₹492.55 crore in FY26 vs ₹372.58 crore in FY25. It showed an increase of 32.20% on a yearly basis.
- Operating Profit: Paras Defence reported an operating profit of ₹117.67 crore in FY26 vs ₹83.61 crore in FY25. It showed an increase of 40.74% on a year-on-year basis.
- Net Profit: Paras Defence reported a net profit of ₹89.46 crore in FY26 vs ₹61.49 crore in FY25. It showed an increase of 45.49% on a yearly basis.
Paras Defence Quarterly Result Highlights
- Paras Defence reported revenue of ₹180.36 crore in Mar 2026, compared with ₹108.62 crore in Dec 2025, representing an increase of 66.05% on a quarter-on-quarter (QoQ) basis.
- Paras Defence reported an operating profit of ₹48.44 crore in Mar 2026, compared with ₹23.20 crore in Dec 2025, representing an increase of 108.79% on a quarter-on-quarter (QoQ) basis.
- Paras Defence reported a profit of ₹38.88 crore in Mar 2026, compared with ₹16.85 crore in Dec 2025, reflecting an increase of 130.74% on a QoQ basis.
- The earnings per share (EPS) of Paras Defence stood at ₹16.02 during Mar 2026.
