Paras Defence and Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of a wide range of defence and space engineering products and solutions. The company was founded on June 16, 2009, and is headquartered in Navi Mumbai, India. The company is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions, catering to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions.
The company is one of India's leading players in the defence and space sector and is the sole Indian supplier of critical imaging components for space applications including large-size optics and diffractive gratings. With a strong presence in both domestic and international markets, the company has a strong presence both in India and internationally, with exports to over 75 countries.
The company operates through the following segments: Heavy Engineering, Defence and Space Optics, and Defence Electronics.
- The Heavy Engineering manufactures and sells flow formed rockets and missile motor tubes and radar array cooling assemblies for naval applications and turnkey projects.
- The Defence and Space Optics includes the manufacturing and sale of infrared lenses for night vision devices; space optics, ratings, and mirrors; reflex sights; and precision diamond turned components.
- The Defence Electronics segment comprises of defence automation and control systems, rugged command and control consoles, and EMP solutions.
The company serves a wide range of defence applications including rocket and missile technologies, space research, naval systems, land and armoured vehicles, and electronic warfare. It has strong ties with Indian defence agencies like DRDO and ISRO.
The market capitalization of Paras Defence and Space Technologies Ltd for NSE is ₹5,302.25 Crore and for BSE is ₹5,324.48 Crore as on April 30, 2025, 03:30 PM.
- Q4 FY25: Net profit rose 97.79% to ₹19.72 Crore in the quarter ended March 2025, as against ₹9.97 Crore during the previous quarter ended March 2024. Sales rose 35.81% to ₹108.23 Crore in the quarter ended March 2025, as against ₹79.69 Crore during the previous quarter ended March 2024.
- Full Year FY25: For the full year, net profit rose 97.97% to ₹63.47 Crore in the year ended March 2025, as against ₹32.06 Crore during the previous year ended March 2024. Sales rose 43.85% to ₹364.66 Crore in the year ended March 2025, as against ₹253.50 Crore during the previous year ended March 2024.
- Q3 FY25: Paras Defence and Space Technologies Ltd's revenue jumped 34.55% since last year same period to ₹87.39 Crore. Paras Defence and Space Technologies Ltd's net profit jumped 125.83% since last year same period to ₹15.04 Crore.
As on April 30, 2025, 03:30 PM, the price-to-earnings (PE) ratio for Paras Defence and Space Technologies Ltd share is 92.34. Company has a low return on equity of 9.33% over last 3 years. Company has reduced debt. The company is almost debt-free.
The Board of Directors at its meeting held on April 30, 2025, recommended Final Dividend of ₹0.50 per equity share of ₹5 each for the FY 2024-25. The company announced a 117% YoY profit growth, a 1:5 stock split, and a final dividend of ₹0.5 per share.
The company has an order book exceeding ₹9 billion. It expects this to touch ₹15 billion in the near term. Recently, the company secured a ₹1.42 billion contract from DRDO to develop a high-powered anti-drone laser system.
The company has been actively expanding its capabilities through strategic partnerships. Paras Defence And Space Technologies Limited has informed the Exchange about the signing of a Memorandum of Understanding (MoU) with Hevendrones Ltd., Israel. The company has informed the Exchange about execution of Joint Venture Agreement with Heven Drones Ltd. ("HD"), Israel, to facilitate the formation of a Subsidiary Company in India.
Paras Defence to export ₹22 Crore CHIMERA 200 counter-UAS systems to France's CERBAIR. In terms of exports too, the company is growing. It's expanding its presence in over 75 countries to increase exports.
Over the past year, PARAS DEF AND SPCE TECH L has achieved a return of 83.85%. In the last month alone, the return has been 36.90%. The stock hit a 52-week high of ₹1,943.6 on May 19, 2025. The stock also hit a 52-week low of ₹802 on April 7, 2025.
Credit Rating Agency, ICRA has reaffirmed the ratings for the long-term and short-term facilities of Paras Defence and Space Technologies. However, a good development is that the outlook has changed from "Stable" to "Positive".
The Indian defence and aerospace sector is growing rapidly due to increased government spending, and indigenization policies. Paras Defence & Space seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
With its diversified product portfolio, strong order book, strategic partnerships, and robust financial performance, Paras Defence and Space Technologies Ltd continues to be well-positioned to capitalize on the growing opportunities in India's defence and space sectors.
