NSE: PARAS · BSE: 543367 · ISIN INE045601023
Paras Defence and Space Technologies Limited stock analysis
Paras Defence and Space Technologies Limited ranks #204 in the TickerSutra evidence-ranked universe with a score of 69/100 and 91% data confidence. The latest captured fundamentals show ROCE of 17.2%, quarterly sales growth of 37.3% and quarterly profit growth of 42.7%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.04×
- 29% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹183cr | ₹52cr | ₹27cr | 29.0% |
| 2023 | ₹222cr | ₹58cr | ₹36cr | 26.0% |
| 2024 | ₹254cr | ₹53cr | ₹30cr | 21.0% |
| 2025 | ₹365cr | ₹100cr | ₹61cr | 27.0% |
| 2026 | ₹477cr | ₹122cr | ₹89cr | 26.0% |
| TTM | ₹511cr | ₹130cr | ₹96cr | 26.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
PARAS DEFENCE AND SPACE TECHNOLOGIES LIMITED has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B)
RoutineParas Defence and Space Technologies Ltd - 543367 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderBSE · 28 Sept 2026We are pleased to inform that Paras has received an order from DRDO, Ministry of Defence valued at an approximately Rs. 26. 59 Crores (including taxes).
RoutineTrading WindowNSE · 19 Sept 2026Paras Defence And Space Technologies Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
MANAGEMENT COMMENTARY
Signals from filed documents
Looking Ahead Our immediate focus will be on the timely execution of our order book, reducing development cycle times and further strengthening operational efficiency. We will continue to scale our manufacturing capabilities, deepen customer engagement and pursue opportunities across defence, aerospace and space, while expanding our presence in select international markets. At the same time, we will maintain discipli
India's external financing saw a notable boost, driven by strong growth in gross foreign direct investment (FDI) and improved net FDI figures. The country continues to hold high appeal for new, greenfield investment projects. Outlook The Indian economy is projected to grow by 6.7% in FY 2026-27, driven by domestic consumption, investment, structural reforms, and public infrastructure spending 4.
Defence exports reached a record high, reflecting growing international confidence in India’s capabilities, while the Government reserved the overwhelming majority of its capital acquisition budget for domestic industry. In parallel, closer collaboration between private enterprises and ISRO under a single- window regulatory framework expanded opportunities across the space sector and through the Gaganyaan programme,
8 Domestic defence manufacturing has achieved a major milestone in its trajectory toward becoming a global export hub. Policy focus on ease of doing business, streamlined regulatory approvals via a revamped online portal, and simplified standard operating procedures for authorisations continue to foster a globally competitive, performance-driven industrial environment. India’s Defence Export (₹, Crore) ₹12,814 ₹15,91
Net cash used in investing activities decreased to ₹2,732 Lakhs in FY 2025-26 from ₹7,814 Lakhs in FY 2024-25, mainly due to lower investment outflows compared with the previous year. Net cash used in financing activities amounted to ₹1,794 Lakhs in FY 2025-26, compared with net cash generated of ₹7,802 Lakhs in FY 2024-25, as the previous year included proceeds from the Qualified Institutional Placement (QIP), while
Outlook The Indian economy is projected to grow by 6.7% in FY 2026-27, driven by domestic consumption, investment, structural reforms, and public infrastructure spending 4. CPI inflation is estimated at 4.6%, driven by the West Asia unrest-related energy price increase and potential below-normal monsoons. The Union Budget FY 2026-27 outlines a six-point investment strategy focusing on manufacturing, traditional indus
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…