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Paras Defence and Space Technologies Limited (PARAS.NS)

INR1,216.90 +14.60 (+1.21%)
IN NSE Industrials Aerospace & Defense
Address D-112, TTC Industrial Area 400706
Navi Mumbai, IN
CEO Munjal Sharad Shah
IPO 2021-10-01
ISIN INE045601023

Explore sections of this company profile

Also trades on Bombay Stock Exchange · PARAS.BO (INR) National Stock Exchange of India · PARAS.NS (INR)
Description

Paras Defence and Space Technologies Limited is an Indian-based specialist firm with an international presence, dedicated to the design, development, production, and rigorous testing of advanced engineering products and integrated solutions for the defense and space industries. Their extensive portfolio includes robust systems for networking, communication, display, computing, and command and control, alongside precision mechanical components such as flow-formed tubes. The company also delivers comprehensive avionic suites and automated test equipment. A significant area of expertise lies in optical and ultra-precision manufacturing, covering products like diffractive gratings, Zerodur and metal mirrors, optical domes, gyro blocks, various lenses (multifold and infrared), reflectors, coatings, deployable space antennas, CFRP structures, and lens barrels. Furthermore, their capabilities extend to specialized infrastructure components, including rugged wired cabinets, shielded doors, honey comb filters, and complete indigo simulator systems. They also produce submarine winches, titanium assemblies, acoustic and magnetic sensing products, naval electronic time fuzes, associated software modules, and transducer positioning platforms. Paras Defence additionally manufactures high-performance embedded computing systems, tank imaging components, turret stabilization solutions, and heavy-duty antenna structures, complemented by essential software development and system integration services. A core specialization involves Electro-Magnetic Pulse (EMP) shielding. The company provides a full suite of EMP-hardened products and services, including shielded rooms, control centers, anechoic chambers, doors, racks, cabinets, air vents, windows, and filters, frequently undertaking entire turnkey EMP projects. Established in 2009, the company was initially known as Paras Flowform Engineering Limited before rebranding to its current name. Its headquarters are located in Navi Mumbai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,216.90 +14.60 (+1.21%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.60
Float Shares
35.41M
Free Float %
43.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.66% -12.27% -6.75% +17.83% +0.15% +10.24% -11.64% +182.14% +206.42% +206.42% +206.42%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,216.90
Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
16.67
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    +30.7% Q1'26: +58.3% (vs Q1'25)
  • EPS growth Aerospace & Defense: +32.2%
    +36.5% Q1'26: +75.0% (vs Q1'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    +0.3% Q1'26: -22.9% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +22.1% Q1'26: +22.3% (vs Q1'25)
  • ROIC Aerospace & Defense: +6.2%
    +12.6% Q1'26: +19.4% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    +1.7% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    0.22× Q1'26: 0.16× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.74) × ERP
WACC = 100% × Ke + 0% × Kd (17.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1,216.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
3.65B
est: 3.40B (+7.2%)
4.53B
4.53B – 4.53B
+33.1% YoY
6.05B
6.05B – 6.05B
+33.5% YoY
7.18B
7.18B – 7.18B
+18.8% YoY
EBITDA
972.10M
est: 916.90M (+6.0%)
1.22B
1.22B – 1.22B
+33.1% YoY
1.63B
1.63B – 1.63B
+33.5% YoY
1.94B
1.94B – 1.94B
+18.8% YoY
EBIT
822.80M
est: 756.75M (+8.7%)
1.01B
1.01B – 1.01B
+33.1% YoY
1.35B
1.35B – 1.35B
+33.5% YoY
1.60B
1.60B – 1.60B
+18.8% YoY
Net Income
634.70M
est: 588.41M (+7.9%)
866.49M
866.49M – 866.49M
+47.3% YoY
1.11B
1.11B – 1.11B
+27.9% YoY
1.32B
1.32B – 1.32B
+19.3% YoY
SGA
375.20M
est: 285.63M (+31.4%)
380.19M
380.19M – 380.19M
+33.1% YoY
507.72M
507.72M – 507.72M
+33.5% YoY
603.29M
603.29M – 603.29M
+18.8% YoY
EPS
8.01
est: 7.30 (+9.7%)
10.75
10.75 – 10.75
+47.3% YoY
13.75
13.75 – 13.75
+27.9% YoY
16.40
16.40 – 16.40
+19.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B- 3/5 1/5 4/5 5/5 3/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
181.27M
OE per share TTM
2.25
Owner's Yield
0.30%
Maintenance CapEx ratio
63.35%
Maint CapEx / Avg PPE
65.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.05% 384.6K 0.65%
2 State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM 0.02% 348.6K 0.09%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.52M
Shares Outstanding
80.59M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Munjal Sharad Shah MD & Director 8M male
Shilpa Amit Mahajan Whole Time Director 4M female
Bharat Yelkur Senior Vice President of Marketing & Head of Optics India Business Development male
G. S. Ravichandar Senior Vice President & Head of Naval Business Development male
Harsh Dhirendra Bhansali Chief Financial Officer male
Ami Munjal Shah Vice President of Human Resource & Administration female
N. Sarvanan MTech Senior Vice President of System Integration male
R. Rajagopalan Senior Vice President of Business Development male
K. Padmanabham SVP of Electronics, Head of Missile Systems Business Development & Head of Hyderabad Operations
Amit Navin Mahajan Director of Technical and R&D male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits