Paras Defence and Space Technologies Limited

BSE: PARAS543367ISIN INE045601023

Industrials
Aerospace & Defense
BSE 1000

Share price

₹1,265.85+55.20 (+4.56%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

4 Jul 2025 · Split 2:1 (₹10 → ₹5)

52W high: ₹1,584.95
52W low: ₹580.00
Off 52W high: -20.13%
1M return: 0.00%
3M return: -2.18%
6M return: +57.09%
1Y return: +82.52%
20D avg volume: 54,905
50 DMA: ₹1,339.96
200 DMA: ₹1,018.03

Key ratios Consolidated

Market cap: ₹10,201 Cr
Current price: ₹1,265.85
52W high / low: ₹1,584.95 / ₹580.00
Face value: ₹5.00
P/E: 95.31
P/B: 13.24
EPS (TTM): ₹13.28
Book value / share: ₹95.62
ROE: —
ROCE: 16.30%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹1.26 Cr
Interest cover: 26.27
Dividend yield: 0.08%
Dividend / share (TTM): ₹1.00
Payout: 7.53%
Cash conversion cycle: 356.5 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	151.12	127.91	171.31	106.35	105.72	93.19	108.23	85.77	87.09	83.57	79.69	64.18
	2.22	1.94	9.05	2.27	2.28	2.38	4.05	1.62	1.67	0.58	5.48	0.75
	153.34	129.85	180.36	108.62	108.00	95.57	112.28	87.39	88.76	84.15	85.17	64.93
	112.52	101.83	134.83	85.42	81.42	76.05	85.64	68.14	70.59	64.63	73.09	56.59
	70.75	65.91	79.11	61.47	36.47	35.45	36.62	31.89	29.81	28.79	40.63	46.07
	5.83	4.44	7.53	5.30	8.90	3.54	12.98	7.85	8.46	4.80	14.77	1.74
	15.36	15.09	12.63	13.40	11.07	11.54	9.49	10.03	9.17	8.83	8.26	7.71
	0.86	1.34	1.73	0.90	1.20	0.83	1.90	0.63	2.56	1.53	2.26	1.51
	5.06	4.49	4.39	4.39	4.19	3.98	3.80	3.79	3.69	3.65	3.39	3.34
	10.91	24.45	25.84	8.61	18.26	16.16	20.36	14.69	13.02	11.63	15.96	13.91
	40.82	28.02	45.53	23.20	26.58	19.52	26.64	19.25	18.17	19.52	12.08	8.34
	0.00	0.00	2.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.82	28.02	48.44	23.20	26.58	19.52	26.64	19.25	18.17	19.52	12.08	8.34
	10.26	7.28	9.56	6.35	7.12	5.18	5.88	5.39	5.46	5.39	2.51	2.50
	30.56	20.74	38.88	16.85	19.46	14.27	20.83	13.85	12.70	14.11	9.60	5.86
	3.76	2.63	4.27	2.26	2.56	3.69	4.89	3.74	3.55	3.81	2.56	1.71
Key metrics
	46.74	33.85	54.56	28.49	31.97	24.33	32.34	23.67	24.42	24.70	17.73	13.19
	30.90%	26.50%	31.80%	26.80%	30.20%	26.10%	29.90%	27.60%	28.00%	29.60%	22.20%	20.60%
	20.20%	16.20%	22.70%	15.80%	18.40%	15.30%	19.20%	16.10%	14.60%	16.90%	12.00%	9.10%
	5.20%	—	6.70%	—	4.00%	—	4.30%	—	—	—	—	—
	42.90%	37.30%	58.30%	24.00%	21.40%	11.50%	35.80%	33.60%	—	—	—	—
	57.00%	45.30%	86.70%	21.70%	53.20%	1.10%	117.00%	136.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	556.69	476.57	364.66	253.50	222.43	182.56
	15.48	15.98	7.92	8.27	8.22	2.97
	572.17	492.55	372.58	261.77	230.65	185.53
	434.60	377.72	289.00	221.24	183.67	148.96
	277.24	212.50	127.11	126.19	99.68	77.04
	23.10	25.27	34.09	27.74	17.15	5.28
	56.48	48.64	37.52	30.90	21.87	14.81
	4.83	4.66	6.62	5.44	6.72	7.83
	18.33	16.95	14.93	13.36	11.27	10.42
	69.81	68.87	59.70	50.95	38.45	34.15
	137.57	114.83	83.58	40.53	46.98	36.57
	2.91	2.91	0.00	0.00	0.00	0.00
	140.48	117.74	83.58	40.53	46.98	36.57
	33.45	28.21	22.12	10.44	10.90	9.49
	107.03	89.46	61.49	30.03	35.95	27.08
	12.92	10.93	16.02	8.22	9.25	7.78
Key metrics
	163.64	139.35	105.13	59.33	64.97	54.82
	29.40%	29.20%	28.80%	23.40%	29.20%	30.00%
	19.23%	18.80%	16.90%	11.80%	16.20%	14.80%
	—	16.30%	13.60%	—	—	—
	41.68%	30.70%	43.90%	14.00%	21.80%	—
	56.45%	45.50%	104.80%	-16.50%	32.80%	—
	—	-13.17	9.59	—	—	—
	—	0.28	0.73	—	—	—
	—	0.04	0.04	—	—	—
	—	1.26	-11.38	—	—	—
	—	356.5	391.5	—	—	—
Balance sheet
	—	964.70	851.96	—	—	—
	—	689.82	598.45	—	—	—
	—	25.35	34.47	—	—	—
	—	362.96	294.78	—	—	—
	—	159.62	150.85	—	—	—
	—	32.93	27.83	—	—	—
	—	184.44	179.49	—	—	—
	—	57.23	54.59	—	—	—
	—	213.88	191.01	—	—	—
	—	26.61	23.09	—	—	—
	—	25.93	22.21	—	—	—
	—	0.68	0.88	—	—	—
	—	725.19	636.62	—	—	—
Cash flow
	—	24.61	44.82	—	—	—
	—	-17.24	-86.99	—	—	—
	—	-16.63	73.66	—	—	—
	—	37.78	35.23	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	147.32	118.08	125.58	100.83	102.72	87.41	90.16	81.98	84.11	77.60	65.12	62.79
	3.14	2.76	9.69	3.00	2.73	2.72	5.16	2.63	2.59	1.48	6.15	0.94
	150.46	120.84	135.27	103.83	105.45	90.13	95.32	84.61	86.70	79.08	71.27	63.73
	109.76	92.33	100.38	78.03	76.11	69.52	72.70	62.65	65.73	57.83	58.74	53.37
	57.61	62.11	54.03	60.31	36.48	34.82	39.34	30.68	27.54	27.49	32.62	45.60
	23.28	1.36	2.87	2.41	5.61	0.85	3.83	5.49	8.02	4.25	8.21	1.57
	13.20	12.83	10.83	12.27	10.19	10.19	9.43	8.46	7.83	7.66	7.27	6.84
	0.40	0.65	1.18	0.28	0.64	0.35	1.88	0.38	2.10	1.16	1.68	1.06
	4.57	4.09	3.89	3.93	3.85	3.61	3.43	3.44	3.36	3.31	3.08	3.03
	7.31	22.27	21.89	6.85	16.77	15.07	18.38	13.56	12.31	10.75	13.68	12.92
	40.70	28.51	34.89	25.80	29.34	20.61	22.62	21.96	20.97	21.25	12.53	10.36
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	40.70	28.51	34.89	25.80	29.34	20.61	22.62	21.96	20.97	21.25	12.53	10.36
	10.27	7.10	8.93	6.27	7.08	5.18	5.60	5.39	5.37	5.38	2.21	2.76
	30.43	21.41	25.96	19.53	22.26	15.43	17.02	16.57	15.60	15.87	10.32	7.60
	3.78	2.66	3.22	2.42	2.76	3.83	4.22	4.12	4.00	4.07	2.65	1.95
Key metrics
	45.67	33.25	39.96	30.01	33.83	24.57	27.93	25.78	26.43	25.72	17.29	14.45
	31.00%	28.20%	31.80%	29.80%	32.90%	28.10%	31.00%	31.40%	31.40%	33.10%	26.60%	23.00%
	20.70%	18.10%	20.70%	19.40%	21.70%	17.70%	18.90%	20.20%	18.50%	20.50%	15.80%	12.10%
	5.20%	—	4.80%	—	4.30%	—	3.70%	—	—	—	—	—
	43.40%	35.10%	39.30%	23.00%	22.10%	12.60%	38.50%	30.60%	—	—	—	—
	36.70%	38.80%	52.50%	17.90%	42.70%	-2.80%	64.90%	118.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	491.81	416.54	333.85	232.43	214.28	180.00
	18.59	18.14	11.86	9.34	8.33	3.01
	510.40	434.68	345.71	241.77	222.61	183.01
	380.50	324.04	258.91	197.16	175.89	146.62
	234.06	185.64	125.05	113.18	96.74	76.94
	29.92	11.74	21.59	20.33	16.97	4.92
	49.13	43.48	33.38	27.28	20.41	14.36
	2.51	2.45	5.52	3.85	6.21	7.78
	16.48	15.28	13.54	12.16	10.68	10.32
	58.32	60.58	55.00	45.93	35.18	33.02
	129.90	110.64	86.80	44.61	46.72	36.39
	0.00	0.00	0.00	—	—	—
	129.90	110.64	86.80	44.61	46.72	36.39
	32.57	27.46	21.74	10.39	10.79	9.48
	97.33	83.18	65.06	34.22	35.93	26.91
	12.08	10.32	16.42	8.77	9.21	7.73
Key metrics
	148.89	128.37	105.86	60.62	63.61	54.49
	30.27%	30.80%	31.70%	26.10%	29.70%	30.30%
	19.79%	20.00%	19.50%	14.70%	16.80%	14.90%
	—	15.10%	13.80%	—	—	—
	35.76%	24.80%	43.60%	8.50%	19.00%	—
	36.55%	27.90%	90.10%	-4.80%	33.50%	—
	—	2.25	-1.04	—	—	—
	—	0.37	0.44	—	—	—
	—	0.00	0.00	—	—	—
	—	-15.59	-29.91	—	—	—
	—	376.9	410.4	—	—	—
Balance sheet
	—	919.12	830.96	—	—	—
	—	626.98	574.07	—	—	—
	—	15.59	29.91	—	—	—
	—	327.12	281.83	—	—	—
	—	149.86	145.46	—	—	—
	—	29.27	21.62	—	—	—
	—	165.10	158.11	—	—	—
	—	46.75	51.89	—	—	—
	—	170.77	164.11	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	723.60	643.46	—	—	—
Cash flow
	—	30.79	28.56	—	—	—
	—	-27.32	-78.14	—	—	—
	—	-17.94	78.02	—	—	—
	—	28.54	29.60	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +24.80%
Sales CAGR 5Y: —
Profit CAGR 3Y: +32.29%
Profit CAGR 5Y: —
Sales YoY (TTM): +35.76%
Profit YoY (TTM): +36.55%

Consolidated

Sales CAGR 3Y: +28.92%
Sales CAGR 5Y: —
Profit CAGR 3Y: +35.51%
Profit CAGR 5Y: —
Sales YoY (TTM): +41.68%
Profit YoY (TTM): +56.45%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 53.19%

Quarter	September 2026	June 2026
Promoter %	53.19%	53.19%

Holder	Type	Holding	Previous	Change
Munjal Sharad Shah	Promoter	24.47%	24.47%	0.00%
Sharad Virji Shah	Promoter	15.43%	15.43%	0.00%
Anish Hemant Mehta	Promoter Group	2.91%	2.91%	0.00%
Kaajal Harsh Bhansali	Promoter Group	2.91%	2.91%	0.00%
Ami Munjal Shah	Promoter Group	2.51%	2.51%	0.00%
Anushka Munjal Shah	Promoter Group	2.48%	2.48%	0.00%
Jiwanshi Munjal Shah	Promoter Group	2.48%	2.48%	0.00%
Abu Dhabi Investment Authority - Monsoon	Public	2.20%	2.40%	-0.20%
Hsbc Mutual Fund - Hsbc Small Cap Fund	Public	1.72%	1.72%	0.00%
Amit Navin Mahajan	Public	1.43%	1.43%	0.00%
Shilpa Amit Mahajan	Public	1.43%	1.43%	0.00%
Kuwait Investment Authority Fund 601	Public	1.12%	—	—
Niranjana Sharad Shah	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Hindustan Aeronautics Limited	3,39,403	5,075.00	36.41	13.70%	+7.42% TTM	+12.16% TTM	+8.35%
Bharat Electronics Ltd.	2,90,271	397.10	43.46	31.90%	+20.28% TTM	+12.40% TTM	-4.34%
Bharat Dynamics Limited S	39,479	1,077.00	70.10	7.20%	-18.69% TTM	-7.13% TTM	-27.34%
Garden Reach Shipbuilders & Engineers Limited S	24,610	2,148.40	30.74	36.80%	+39.64% TTM	+42.86% TTM	-15.96%
Data Patterns (India) Limited S	22,853	4,082.00	85.29	21.00%	+33.81% TTM	+24.90% TTM	+51.15%
SIGMA ADVANCED SYSTEMS LIMITED S	17,815	940.15	254.78	46.60%	+32.27% TTM	-51.48% TTM	+325.02%
Apollo Micro Systems Limited	16,157	434.80	123.30	13.50%	+77.12% TTM	+63.98% TTM	+56.46%
Zen Technologies Ltd.	15,581	1,725.70	65.83	15.60%	+4.17% TTM	-12.80% TTM	+22.66%
Astra Microwave Products Ltd.	14,988	1,578.60	79.28	21.00%	+4.02% TTM	+16.28% TTM	+48.95%
Aequs Limited	14,741	219.80	-72.97	1.10%	—	—	—
Paras Defence and Space Technologies Limited	10,201	1,265.85	95.31	16.30%	+41.68% TTM	+56.45% TTM	+82.52%
Unimech Aerospace and Manufacturing Limited	9,014	1,770.80	102.28	12.30%	+40.00% TTM	+10.76% TTM	+77.46%
AXISCADES TECHNOLOGIES LIMITED	8,126	1,910.60	222.97	15.70%	+4.61% TTM	-54.09% TTM	+23.11%
TONBO IMAGING INDIA LIMITED	7,321	1,278.05	—	—	—	—	—
Mishra Dhatu Nigam Limited	7,292	389.25	54.03	8.80%	+18.17% TTM	+13.89% TTM	+2.38%
Centum Electronics Ltd	6,282	4,255.65	126.60	20.70%	-2.14% TTM	+525.07% TTM	+72.77%
Cyient DLM Limited	5,981	753.40	71.22	10.50%	-1.51% TTM	+2.85% TTM	+65.78%
Rossell Techsys Limited	5,487	1,455.70	213.25	32.70%	+82.66% TTM	+68.79% TTM	+132.87%
Avantel Limited	3,686	138.70	186.92	8.60%	+14.57% TTM	-41.41% TTM	-17.29%
IDEAFORGE TECHNOLOGY LIMITED	3,555	715.00	118.44	-2.60%	+263.51% TTM	+132.30% TTM	+50.34%
Jaykay Enterprises Limited	2,757	211.60	15.97	30.00%	+117.55% TTM	+818.57% TTM	—
CFF FLUID CONTROL LIMITED S	2,062	983.00	—	19.80%	—	—	+41.69%
Sika Interplant Systems Ltd.	1,902	897.00	54.88	30.60%	+0.45% TTM	+9.69% TTM	-23.60%
NIBE LIMITED	1,821	1,174.40	-140.29	4.60%	-5.17% TTM	-163.01% TTM	-1.09%
MILLWORKS TECHNOLOGIES LIMITED	1,732	983.30	—	—	—	—	—

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

As per Attachment.4 Nov 2026 · Company Update / Newspaper Publication
Corrigendum to the Postal Ballot Notice dated October 29, 20263 Nov 2026 · Company Update / General
Notice of Postal Ballot for Approval of Related Party Transaction(s) between the Company and Paras Anti-Drone Technologies Private Limited ("the Subsidiary").3 Nov 2026 · AGM/EGM / Postal Ballot
As per attachment.2 Nov 2026 · Company Update / Analyst / Investor Meet
Submission of Newspaper Publication of Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half year ended September 30, 202630 Oct 2026 · Company Update / Newspaper Publication
Standalone and Consolidated Unaudited Financial Results for the Quarter and Half Year ended September 30, 202629 Oct 2026 · Result / Financial Results
Board Meeting Outcome for Standalone And Consolidated Unaudited Financial Results For The Quarter and Half Year Ended September 30, 202629 Oct 2026 · Board Meeting / Outcome of Board Meeting
Paras Defence And Space Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve the Standalone ....24 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018, for the Quarter ended September 30, 20268 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment30 Sep 2026 · Company Update / Credit Rating
We 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).28 Sep 2026 · Company Update / Award of Order / Receipt of Order
As per attachment.24 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation for closure of Trading Window.19 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Disclosure of e-Voting Results along with Scrutinizer''s Report dated September 11, 2026, on remote e-voting and e-voting at the AGM.11 Sep 2026 · AGM/EGM / AGM
Proceedings of the 17th Annual General Meeting of PARAS held on September 11, 2026 through Video Conferencing/Other Audio-Visual Means.11 Sep 2026 · AGM/EGM / AGM
Communication to Shareholders - Intimation of tax deduction on Dividend22 Aug 2026 · Company Update / General
As per attachment.19 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement for 17th Annual General Meeting.19 Aug 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report for the Financial Year 2025-2618 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the Financial Year 2025-26 of Paras Defence and Space Technologies Limited (''''PARAS'''') along with the Notice of 17th Annual General Meeting.18 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 17th Annual General Meeting of Paras Defence and Space Technologies Limited ("PARAS")18 Aug 2026 · AGM/EGM / AGM
We would like to inform you that the management of PARAS will be meeting Analysts / Institutional Investor at 'Manufacturing Forum 2026" organized by Kotak Institutional Equities.17 Aug 2026 · Company Update / Analyst / Investor Meet
We would like to inform you that the management of PARAS will be meeting Analysts / Institutional Investors at Motilal Oswal 22nd Annual Global Investor Conference.14 Aug 2026 · Company Update / Analyst / Investor Meet
Submission of Newspaper Publication of Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended June 30, 20268 Aug 2026 · Company Update / Newspaper Publication
Intimation of 17th Annual General Meeting (AGM) to be held on Friday, September 11, 2026.7 Aug 2026 · AGM/EGM / AGM
Intimation of Record Date for Payment of Final Dividend on Equity Shares for Financial Year 2025-267 Aug 2026 · Corp. Action / Record Date
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 - Divestment of Equity in Krasny Paras Defence Technologies Private Limited (Associate)7 Aug 2026 · Company Update / Diversification / Disinvestment
Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 20267 Aug 2026 · Result / Financial Results
Board Meeting Outcome for Standalone And Consolidated Unaudited Financial Results For The Quarter Ended June 30, 2026, Fixing Of Record Date For Dividend, AGM Date And Related Matters, As Enclosed7 Aug 2026 · Board Meeting / Outcome of Board Meeting
We would like to inform you that the management of PARAS will be meeting Analysts / Institutional Investors at Citi''s 2026 India Industrials Access Day in Singapore and Hong Kong.4 Aug 2026 · Company Update / Analyst / Investor Meet
Paras Defence And Space Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve the Standalone ....3 Aug 2026 · Board Meeting / Board Meeting
Amendment to Code for Prohibition of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information (UPSI) of the Company under SEBI (Prohibition of Insider Trading), Regulations, 201524 Jul 2026 · Company Update / General
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of Senior Management Personnel.24 Jul 2026 · Company Update / Change in Management
As per attachment22 Jul 2026 · Company Update / Press Release / Media Release
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 - Signing of Memoradum of Understanding (MoU) with MP State Electronics Development ....22 Jul 2026 · Company Update / Memorandum of Understanding /Agreements
Certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulation 2018, for the quarter ended June 30, 2026.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201530 Jun 2026 · Company Update / General
Intimation for closure of Trading Window.29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
We would like to inform you that the management of Paras Defence and Space Technologies Limited ('PARAS') will be meeting Analyst / Institutional Investor- Astute Investment Management ....25 Jun 2026 · Company Update / Analyst / Investor Meet
We would like to inform you that the management of PARAS will be meeting Analyst / Institutional Investors at PL Capital's Defence Conference 'Armoured Alpha - Navigating the High-Growth ....18 Jun 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0000	28 Aug 2026	28 Aug 2026	—
Final Dividend - Rs. - 0.5000	8 Aug 2025	8 Aug 2025	—
Stock Split From Rs.10/- to Rs.5/-	4 Jul 2025	4 Jul 2025	—

Board meetings

29 Oct 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results