Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 61 | 64 | 80 | 84 | 87 | 86 | 108 | 93 | 106 | 106 | 171 | 128 |
| Expenses | 46 | 52 | 67 | 59 | 64 | 64 | 80 | 71 | 76 | 80 | 129 | 96 |
| Operating Profit | 16 | 12 | 12 | 24 | 23 | 22 | 28 | 22 | 30 | 26 | 43 | 32 |
| OPM % | 25% | 19% | 15% | 29% | 26% | 26% | 26% | 23% | 28% | 25% | 25% | 25% |
| Other Income | 1 | 1 | 6 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 12 | 2 |
| Interest | 1 | 2 | 2 | 2 | 3 | 1 | 2 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 12 | 8 | 12 | 20 | 18 | 19 | 27 | 19 | 27 | 23 | 48 | 28 |
| Tax % | 28% | 30% | 21% | 28% | 30% | 28% | 22% | 27% | 27% | 27% | 20% | 26% |
| Net Profit | 9 | 6 | 10 | 14 | 13 | 14 | 21 | 14 | 19 | 17 | 39 | 21 |
| EPS in Rs | 1.21 | 0.85 | 1.28 | 1.90 | 1.78 | 1.87 | 2.45 | 1.84 | 2.56 | 2.26 | 4.27 | 2.63 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 147 | 143 | 183 | 222 | 254 | 365 | 477 | 511 |
| Expenses | 111 | 107 | 99 | 130 | 165 | 200 | 265 | 354 | 381 |
| Operating Profit | 43 | 40 | 44 | 52 | 58 | 53 | 100 | 122 | 130 |
| OPM % | 28% | 27% | 31% | 29% | 26% | 21% | 27% | 26% | 26% |
| Other Income | 3 | 2 | 1 | 3 | 8 | 8 | 8 | 19 | 18 |
| Interest | 10 | 10 | 13 | 8 | 8 | 8 | 9 | 7 | 5 |
| Depreciation | 9 | 10 | 10 | 10 | 11 | 13 | 15 | 17 | 17 |
| Profit before tax | 27 | 22 | 23 | 37 | 47 | 40 | 84 | 118 | 126 |
| Tax % | 29% | 10% | 30% | 26% | 23% | 26% | 26% | 24% | |
| Net Profit | 19 | 20 | 16 | 27 | 36 | 30 | 61 | 89 | 96 |
| EPS in Rs | 16.64 | 3.46 | 2.63 | 3.47 | 4.62 | 4.11 | 7.87 | 10.93 | 11.72 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 6% | 5% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 27% | 29% | 37% | ||
| Compounded Profit Growth | % | 40% | 33% | 46% | ||
| Stock Price CAGR | % | 40% | 54% | 98% | ||
| Return on Equity | % | 10% | 11% | 12% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 28 | 30 | 39 | 39 | 39 | 40 | 40 |
| Reserves | 147 | 144 | 177 | 339 | 374 | 406 | 600 | 685 |
| Borrowings | 85 | 103 | 106 | 31 | 15 | 66 | 24 | 27 |
| Other Liabilities | 92 | 66 | 50 | 48 | 93 | 129 | 188 | 212 |
| Total Liabilities | 330 | 342 | 363 | 458 | 520 | 640 | 852 | 964 |
| Fixed Assets | 168 | 158 | 157 | 154 | 170 | 186 | 190 | 191 |
| CWIP | 3 | 5 | 1 | 0 | 5 | 4 | 11 | 16 |
| Investments | 0 | 0 | 1 | 4 | 12 | 22 | 28 | 33 |
| Other Assets | 159 | 180 | 204 | 300 | 335 | 427 | 623 | 725 |
| Total Assets | 330 | 342 | 363 | 458 | 520 | 640 | 852 | 964 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3 | 4 | 12 | 46 | -46 | 45 | 25 | |
| Cash from Investing Activity | -5 | -6 | -77 | 10 | -2 | -87 | -17 | |
| Cash from Financing Activity | 9 | 5 | 63 | -41 | 33 | 74 | -17 | |
| Net Cash Flow | 1 | 3 | -2 | 15 | -14 | 31 | -9 | |
| Free Cash Flow | -7 | -1 | 6 | 22 | -71 | 10 | -10 | |
| CFO/OP | 11% | 25% | 44% | 96% | -63% | 63% | 48% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 197 | 242 | 242 | 246 | 246 | 285 | 295 | 278 |
| Inventory Days | 281 | 303 | 418 | 297 | 324 | 455 | 323 | 244 |
| Days Payable | 232 | 136 | 86 | 68 | 90 | 185 | 117 | 88 |
| Cash Conversion Cycle | 246 | 410 | 573 | 475 | 479 | 555 | 501 | 435 |
| Working Capital Days | 109 | 162 | 223 | 330 | 315 | 315 | 297 | 273 |
| ROCE % | 13% | 12% | 12% | 13% | 10% | 16% | 17% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 58.94% | 58.94% | 58.94% | 58.94% | 58.94% | 57.05% | 57.05% | 53.74% | 53.20% | 53.20% | 53.20% | 53.20% |
| FIIs | 0.56% | 0.49% | 0.13% | 2.97% | 3.46% | 4.84% | 5.24% | 6.85% | 5.70% | 4.92% | 5.06% | 8.29% |
| DIIs | 2.72% | 2.73% | 2.75% | 0.07% | 0.63% | 1.48% | 1.54% | 1.94% | 1.46% | 1.28% | 1.24% | 3.04% |
| Public | 37.79% | 37.84% | 38.18% | 38.00% | 36.96% | 36.61% | 36.16% | 37.46% | 39.64% | 40.61% | 40.52% | 35.46% |
| No. of Shareholders | 2,58,613 | 2,53,462 | 2,59,335 | 2,96,501 | 3,04,229 | 3,10,294 | 3,10,834 | 3,35,075 | 3,70,508 | 3,69,101 | 3,76,813 | 3,36,442 |
Fundamentals
Market Cap₹ 10,678 Cr.
Current Price₹ 1,325
Stock P/E115
Book Value₹ 90.0
ROCE17.2 %
ROE12.4 %
Dividend Yield0.08 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)37%
Compounded Profit Growth (TTM)46%
Consolidated figures.
Valuation
Market capRs 10,283 Cr
Enterprise valueRs 10,337 Cr
P/E (TTM)108.87x
Price to book23.13x
Price to sales20.11x
EV / EBITDA69.44x
EV / EBIT78.66x
EV / sales20.22x
Earnings yield0.92%
P/E, 3-year average35.92x
P/B, 3-year average2.71x
P/E, 5-year average35.92x
P/B, 5-year average2.71x
Profitability
Operating margin (excl. other income)21.09%
Operating margin (incl. other income)24.35%
EBITDA margin29.12%
Pre-tax margin24.69%
Net profit margin18.47%
Net margin, latest quarter16.59%
ROE7.47%
ROCE10.31%
ROA5.53%
ROE, 3-year average8.61%
ROCE, 3-year average11.94%
ROA, 3-year average6.50%
ROE, 5-year average9.25%
ROCE, 5-year average12.08%
ROA, 5-year average5.96%
ROIC (approx.)19.55%
Tax rate25.77%
Other income / net worth1.86%
Growth
Sales growth (latest year)13.97%
Profit growth (latest year)-11.09%
Sales CAGR, 3 years20.93%
Sales CAGR, 5 years10.42%
Profit CAGR, 3 years26.79%
Profit CAGR, 5 years11.07%
Sales growth QoQ-25.33%
Profit growth QoQ-38.28%
Sales growth YoY (latest quarter)37.26%
Profit growth YoY (latest quarter)42.70%
Per share
EPS (TTM)Rs 11.72
EPS (latest year)Rs 8.22
EPS (latest quarter)Rs 2.63
EPS, 3-year averageRs 8.13
EPS, 5-year averageRs 7.32
Book value per shareRs 55.17
Sales per shareRs 63.45
Cash flow per shareRs -5.65
Free cash flow per shareRs -1.24
Efficiency
Asset turnover0.40x
Fixed asset turnover1.37x
Inventory turnover0.94x
Inventory days389 days
Debtor days285 days
Debtors turnover1.28x
Creditor days88 days
Cash conversion cycle435 days
Working capital days273 days
Leverage
Total debtRs 66 Cr
Cash and bankRs 11 Cr
Net debtRs 54 Cr
Debt to equity0.15x
Net debt / EBITDA0.37x
Interest coverage25.42x
Current ratio (filing 2026-03-31)3.23x
Quick ratio (filing 2026-03-31)2.48x
Trade payables (filing 2026-03-31)Rs 57 Cr
Owners' fund to total sources69.51%
Debt to assets10.29%
Cash flow
Cash from Operating Activity (latest year)Rs -46 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 33 Cr
Net Cash Flow (latest year)Rs -14 Cr
Free cash flow (latest year)Rs -10 Cr
FCFE (approx.: FCF + change in debt)Rs 41 Cr
Cash from ops / profit, 5 years0.34x
Statement figures
Net sales (TTM)Rs 511 Cr
Net sales (latest year)Rs 254 Cr
Sales (latest quarter)Rs 128 Cr
Operating profit excl. other income (latest year)Rs 53 Cr
Operating profit (latest quarter)Rs 32 Cr
Other income (TTM)Rs 18 Cr
EBITDA (TTM)Rs 149 Cr
PBDT (TTM)Rs 144 Cr
Profit before tax (TTM)Rs 126 Cr
Tax (latest year)Rs 10 Cr
Net profit (TTM)Rs 94 Cr
Net profit (latest year)Rs 32 Cr
Net profit (latest quarter)Rs 21 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 141 Cr
Total expenditure (latest year)Rs 200 Cr
Total income (latest year)Rs 262 Cr
Share capitalRs 39 Cr
ReservesRs 406 Cr
Shareholders' fundsRs 445 Cr
Total assetsRs 640 Cr
Net blockRs 186 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 22 Cr
ReceivablesRs 198 Cr
InventoryRs 150 Cr
Other liabilitiesRs 129 Cr
Shares outstanding (crore)8.06
Ownership
Promoter holding53.20% (-0.54 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 108.9 is at the 31th percentile of its own 5.1-year range
(median 129.2, low 65.3, high 234.9).
P/B 23.13 is at the 92th percentile (median 14.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | PARAS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.0% | -2.8% | -2.2 pts |
| 1 month | -7.5% | -6.8% | -0.8 pts |
| 3 months | -1.4% | -7.6% | +6.2 pts |
| 6 months | +114.3% | +0.4% | +113.9 pts |
| 1 year | +79.6% | -9.9% | +89.5 pts |
| 2 years | +130.0% | -13.6% | +143.6 pts |
| 3 years | +249.8% | +14.2% | +235.7 pts |
| 5 years | +418.2% | +27.9% | +390.3 pts |
18 mutual fund schemes hold about ₹365 Cr.
Over three months 17 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HSBC Small Cap Fund | 0.59% | 112 | +5% |
| HSBC Multi Cap Fund | 1.32% | 80 | +2% |
| Motilal Oswal Nifty India Defence Index Fund | 1.26% | 70 | +10% |
| TRUSTMF Small Cap Fund | 0.76% | 22 | +97% |
| Samco Active Momentum Fund | 2.65% | 20 | +100% |
| Aditya Birla SL Nifty India Defence Index Fund | 1.26% | 18 | +10% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.53% | 13 | +5% |
| TRUSTMF Flexi Cap Fund | 1.17% | 12 | +315% |
| TRUSTMF Multi Cap Fund | 0.99% | 8 | +12% |
| Axis Nifty India Defence Index Fund | 1.27% | 4 | +11% |
| TRUSTMF Mid Cap Fund | 0.87% | 4 | +110% |
| Samco Small Cap Fund | 0.59% | 1 | +47% |
| Samco Multi Cap Fund | 0.50% | 1 | +100% |
| Groww Nifty Total Market Index Fund | 0.02% | 0 | +11% |
| Angel One Nifty Total Market Index Fund | 0.02% | 0 | +11% |
| Mirae Asset Nifty Total Market Index Fund | 0.02% | 0 | +11% |
| Bandhan Nifty Total Market Index Fund | 0.02% | 0 | +11% |
| Motilal Oswal BSE 1000 Index Fund | 0.02% | 0 | +11% |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was 12% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 12% of total assets in 2026 |
| explain | Share dilution Share count up 0% in a year, 31% in three |
| explain | Debt up, profit down Borrowings up 350% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 61% vs sales +14% in 2026 |
| look | Auditor change Auditor change 2026-05-13: Paras Defence And Space Technologies Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹128 Cr +37.6% vs Jun 2025.
Net profit ₹21 Cr +50.0%.
Activity
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| Hindustan Aeronautics Ltd | 304,246 | 32.6 | 32.0 % |
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| Garden Reach Shipbuilders & Engineers Ltd | 25,271 | 31.6 | 42.8 % |
| Data Patterns (India) Ltd | 23,634 | 87.4 | 21.9 % |
| Sigma Advanced System Ltd | 18,554 | 112 | 11.7 % |
| Aequs Ltd | 18,217 | 1.69 % | |
| Astra Microwave Products Ltd | 15,691 | 83.0 | 20.3 % |
| Apollo Micro Systems Ltd | 14,961 | 123 | 14.5 % |
| Zen Technologies Ltd | 14,625 | 80.5 | 16.2 % |
| AXISCADES Technologies Ltd | 8,793 | 268 | 15.4 % |
| Unimech Aerospace and Manufacturing Ltd | 8,526 | 118 | 11.2 % |
| Mishra Dhatu Nigam Ltd | 7,851 | 58.5 | 11.4 % |
| Cyient DLM Ltd | 7,312 | 89.1 | 9.90 % |
| Centum Electronics Ltd | 7,264 | 83.1 | 25.5 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-08-28 | Dividend - Re 1 Per Share | |
| 2025-08-08 | Dividend - Re 0.50 Per Share | |
| 2025-07-04 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share | 0.5000 |
| 2024-09-13 | Annual General Meeting | |
| 2023-09-22 | Annual General Meeting | |
| 2022-09-19 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 monthsScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Paras Defence and Space Technologies Ltd?
Paras Defence and Space Technologies Ltd (PARAS) has a market capitalisation of Rs 10,678 Cr. at the 2026-10-01 close.
What is the P/E ratio of Paras Defence and Space Technologies Ltd?
Paras Defence and Space Technologies Ltd trades at a P/E of 115 on trailing twelve-month profit, at the 2026-10-01 close.
What were Paras Defence and Space Technologies Ltd's latest quarterly results?
In the Jun 2026 quarter, Paras Defence and Space Technologies Ltd sales was Rs 128 Cr (+37.6% vs Jun 2025) and net profit was Rs 21 Cr.
What is the 52-week high and low of Paras Defence and Space Technologies Ltd?
The 52-week high is Rs 1,585.00 and the 52-week low is Rs 580.50.