Paras Defence and Space Technologies (PARAS) had a P/E of 96.2× on 6 Nov 2026, above the industry P/E of 54.7×, and the shares are 22% below their 52-week high. Sales and net profit grew 29% and 35% a year over 3 years, with ROCE of 16% and ROE of 15%. It carries very little debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹10,019 Cr, ranked 13th of 27 Aerospace & Defense companies by market cap; the shares rose 82% over the past year.
- ₹1,252.00
- ₹1,254.00
- ₹1,215.20
- ₹1,264.50
- 5.3 L
Health check
- ReturnsAhead
+82.3% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 96.2 vs industry 54.7.
- GrowthStrong
Sales +29.2%, profit +34.7% a year over 3 years.
- ProfitabilityAverage
ROCE 16.0% vs peer median 20.4%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
P/E of 96.2 against an industry P/E of 54.7.
Small cap
Defensive
Key metrics
- Market cap
- ₹10,019 Cr
- Small cap
- P/E
- 96.2
- Industry 54.7
- Price to book
- 13.00
- Peers 9.16
- Dividend yield
- 0.08%
- ROE
- 14.9%
- Peers 23.2%
- ROCE
- 16.0%
- Peers 20.4%
- Debt to equity
- 0.04
- Debt ₹31 Cr
- EPS (TTM)
- ₹12.92
- Face value ₹5
- OPM (TTM)
- 26.1%
- Net margin 18.7%
- Sales growth
- +42.9%
- Latest quarter vs a year ago
- Profit growth
- +46.8%
- Latest quarter vs a year ago
- Price to sales
- 17.99
- EV/EBITDA 68.3
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 46.8% on a year ago.
- Quarterly sales up 42.9% on a year ago.
Risks to check
- P/E of 96.2 against an industry P/E of 54.7.
About Paras Defence and Space Technologies
Paras Defence and Space Technologies Limited designs, develops, manufactures, and tests defense and space engineering products and solutions in India and internationally. The company offers rugged networking and communication, rugged display and computing, and rugged command and control systems; mechanical products, including flow formed tubes; and avionic suites, as well as automated test equipment. It also provides diffractive gratings, Zerodur and…
- Headquarters
- Navi Mumbai
- Employees
- 617
- Sector
- Industrials
- ISIN
- INE045601023
- Website
- parasdefence.com
Price range
- Avg volume (3M)
- 10.8 L
- 1-year return
- plus 82.3%
- From 52-week high
- minus 21.6%
Peers · Aerospace & Defense
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HALHindustan Aeronautics | 4,980.00 | minus 1.25% | 3,33,050 | 35.7 | 28.5 | 13.8% | 25.3% | 0.00 | 6.4% | plus 7.6% |
| BELBharat Electronics | 396.00 | plus 0.23% | 2,89,467 | 45.3 | 33.7 | 31.9% | 28.2% | 0.00 | 15.5% | minus 4.8% |
| MAZDOCKMazagoan Dock Shipbuilders | 1,840.00 | plus 0.05% | 74,222 | 30.3 | 21.9 | 28.5% | 16.2% | 0.08 | 19.6% | minus 31.5% |
| BDLBharat Dynamics | 1,060.00 | minus 1.40% | 38,856 | 74.6 | 152.1 | 7.2% | 12.8% | 0.00 | −0.9% | minus 27.4% |
| COCHINSHIPCochin Shipyard | 1,220.00 | minus 1.05% | 32,096 | 47.2 | 30.3 | 16.7% | 12.6% | 0.28 | 26.9% | minus 30.3% |
| GRSEGarden Reach Shipbuilders & Engineers | 2,135.70 | minus 0.07% | 24,465 | 30.6 | 25.8 | 36.8% | 11.0% | 0.01 | 40.0% | minus 16.4% |
| DATAPATTNSData Patterns (India) | 3,767.70 | minus 4.85% | 21,093 | 87.8 | 54.8 | 20.4% | 39.6% | 0.00 | 26.8% | plus 46.6% |
| PARASParas Defence and Space Technologies | 1,243.30 | minus 1.68% | 10,019 | 96.2 | 81.9 | 16.0% | 26.1% | 0.04 | 29.2% | plus 82.3% |
| Median of 7 peers | – | −1.05% | 38,856 | 45.3 | 30.3 | 20.4% | 16.2% | 0.00 | 19.6% | −16.4% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 106 | 106 | 171 | 128 | 151 | |
| 76 | 80.1 | 129 | 96 | 107 | |
| 29.7 | 26.2 | 42.6 | 31.9 | 44.5 | |
| 28.1% | 24.7% | 24.9% | 24.9% | 29.5% | |
| 2.3 | 2.3 | 12 | 1.9 | 2.2 | |
| 1.2 | 0.9 | 1.7 | 1.3 | 0.9 | |
| 4.2 | 4.4 | 4.4 | 4.5 | 5.1 | |
| 26.6 | 23.2 | 48.4 | 28 | 40.8 | |
| 26.8% | 27.4% | 19.7% | 26.0% | 25.1% | |
| 20.6 | 18.2 | 34.4 | 21.2 | 30.3 | |
| 2.56 | 2.26 | 4.27 | 2.63 | 3.76 |
Profit & loss
- Sales CAGR 3Y
- +29.2%
- Profit CAGR 3Y
- +34.7%
- EPS CAGR 3Y
- +33.2%
- ROE
- 14.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 221 | 253 | 365 | 476 | |
| – | +14.8% | +43.9% | +30.6% | |
| 161 | 198 | 263 | 355 | |
| 59.4 | 55.2 | 102 | 122 | |
| 26.9% | 21.8% | 28.0% | 25.6% | |
| 0.2 | −1.2 | −1.3 | 6.4 | |
| 5 | 3.5 | 4.1 | 2.5 | |
| 11.3 | 13.4 | 14.9 | 16.9 | |
| 3.4 | 3.3 | 2 | 8.9 | |
| 46.8 | 40.5 | 83.6 | 118 | |
| 23.3% | 25.8% | 26.4% | 24.0% | |
| 36.1 | 32.1 | 63.5 | 88.1 | |
| – | minus 11.1% | +98.0% | +38.8% | |
| 4.63 | 4.11 | 8.01 | 10.93 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 39 | 39 | 40.3 | 40.3 | |
| 374 | 406 | 600 | 685 | |
| 14.6 | 65.8 | 24 | 27.1 | |
| 92.7 | 129 | 188 | 212 | |
| 521 | 640 | 852 | 965 | |
| 157 | 187 | 201 | 210 | |
| 11.3 | 9.2 | 21.1 | 25.4 | |
| 11.1 | 21.8 | 27.9 | 34 | |
| 17.1 | 3 | 74.3 | 75.2 | |
| 324 | 418 | 528 | 620 | |
| 521 | 640 | 852 | 965 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 45.7 | −45.5 | 44.8 | 24.6 | |
| 9.6 | −1.7 | −87 | −17.2 | |
| −40.7 | 33.1 | 73.7 | −16.6 | |
| 14.7 | −14.1 | 31.5 | −9.3 | |
| −25.3 | −26 | −35.2 | −37.8 | |
| 20.4 | −71.5 | 9.6 | −13.2 | |
| – | – | – | −4 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 7.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.