Paras Defence and Space Technologies Limited

NSE: PARAS · Aerospace & Defense

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52W Range₹581 – ₹1,585

Snapshot

Unlock Paras Defence and Space Technologies Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Paras Defence and Space Technologies Limited is an Indian engineering company specialising in the design, development, and manufacturing of high-precision products for the defence and space sectors. Its portfolio spans ruggedised electronics, electro-optic systems, heavy-duty mechanical structures, and electromagnetic pulse (EMP) protection solutions.

Business Model

The company generates revenue through the supply of specialised hardware, system integration services, and turnkey project execution for defence and space agencies. It leverages advanced manufacturing capabilities in optics, electronics, and mechanical engineering to provide mission-critical solutions.

Growth Outlook

Growth is driven by the increasing indigenisation of defence procurement in India and the expansion of the domestic space sector. The company continues to invest in high-precision manufacturing and system integration to capture demand for advanced technological sub-systems.

Key Risks

  • Geopolitical and Policy Dependency. The company's revenue is heavily dependent on government defence budgets and the continued prioritisation of domestic procurement policies.
  • Customer Concentration. A significant portion of business is derived from a limited number of government and defence-related entities, creating vulnerability to contract delays or cancellations.
  • Technological Obsolescence. Rapid advancements in defence and space technology require continuous R&D investment to maintain competitive relevance.
  • Execution Risk. The complexity of turnkey projects and high-precision manufacturing involves inherent risks related to project timelines and technical specifications.

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Key Metrics

REVENUE

₹557 Cr

TTM · consolidated

+41.7%YoY

NET PROFIT

₹107 Cr

TTM · consolidated

+56.5%YoY

EPS

₹12.92

TTM · consolidated

-13.2%YoY

RETURN ON EQUITY

14.8%

TTM · consolidated

+4.6 ppYoY

RETURN ON CAPITAL EMPLOYED

19.5%

TTM · consolidated

+5.4 ppYoY

P/E

94.0×

Q2 FY27 · consolidated

94.0 vs 111.8x5Y avg

EV/EBITDA

60.9x

Q2 FY27 · consolidated

60.9 vs 121.2x5Y avg

EBITDA MARGIN

28.9%

TTM · consolidated

+0.3 ppYoY

NET PROFIT MARGIN

20.2%

Q2 FY27 · consolidated

+1.8 ppYoY

DEBT TO EQUITY

0.0x

Q2 FY27 · consolidated

-0.04xYoY

Peers · Aerospace & Defense

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Paras Defence and Space Technologies LimitedPARAS
₹9,785 Cr94.0×60.8841.7%28.9%14.8%19.5%+71.3%
AequsAEQUS
₹13,861 Cr-66.5×122.67—7.8%-14.5%-2.9%—
Unimech Aerospace and Manufacturing Ltd.UNIMECH
₹8,048 Cr91.3×49.4740.0%47.7%11.7%16.7%+56.5%
Axiscades Technologies Ltd.AXISCADES
₹7,832 Cr215.4×48.504.6%15.2%5.3%12.7%+15.0%
Tonbo Imaging India LimitedTONBO
₹7,258 Cr———29.0%———
Mishra Dhatu Nigam LimitedMIDHANI
₹6,977 Cr51.7×25.1618.2%22.0%9.2%9.3%-3.3%

As of Q2 FY27

Financials