Paras Defence and Space Technologies Limited

BSE: PARAS543367ISIN INE045601023

Industrials
Aerospace & Defense
BSE 1000

BSE listing

Share price

₹1,372.85+4.40 (+0.32%)

as of 18 Sep 2026

52W high: ₹1,584.95
52W low: ₹580.00
Off 52W high: -13.38%
1M return: -8.24%
3M return: -2.68%
6M return: +118.71%
1Y return: +85.62%
20D avg volume: 84,021
50 DMA: ₹1,340.16
200 DMA: ₹924.10

Key ratios Consolidated

Market cap: ₹11,063 Cr
Current price: ₹1,372.85
52W high / low: ₹1,584.95 / ₹580.00
Face value: ₹5.00
P/E: 115.33
P/B: —
EPS (TTM): ₹11.90
Book value / share: —
ROE: —
ROCE: 16.30%
Operating margin: —
Net margin: —
Debt / equity: 0.04
Net debt: ₹1.26 Cr
Interest cover: 26.27
Dividend yield: 0.07%
Dividend / share (TTM): ₹1.00
Payout: 8.40%
Cash conversion cycle: 356.5 days

About

In plain English

Paras Defence and Space Technologies Ltd is an Indian company that makes equipment and systems for defence and space applications. Think of it as a supplier to the military and space agencies, building things like specialised optics, precision components, and electronic systems used in satellites, missiles, and surveillance gear. Their customers are government defence organisations and space research bodies, and they earn money by winning contracts and orders for these high-tech products. While exact product names aren't publicly detailed, the company's filings show a steady stream of orders and partnerships, indicating ongoing work for these clients.

AI-generated summary, written from the company's own filings and disclosures. Every figure elsewhere on this page comes from exchange data, not from a model. See our editorial standards. Generated 22 Jul 2026.

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	127.91	171.31	106.35	105.72	93.19	108.23	85.77	87.09	83.57	79.69	64.18	61.31
	1.94	9.05	2.27	2.28	2.38	4.05	1.62	1.67	0.58	5.48	0.75	1.10
	101.83	134.83	85.42	81.42	76.05	85.64	68.14	70.59	64.63	73.09	56.59	50.22
	65.91	79.11	61.47	36.47	35.45	36.62	31.89	29.81	28.79	40.63	46.07	25.74
	4.44	7.53	5.30	8.90	3.54	12.98	7.85	8.46	4.80	14.77	1.74	6.34
	15.09	12.63	13.40	11.07	11.54	9.49	10.03	9.17	8.83	8.26	7.71	7.57
	1.34	1.73	0.90	1.20	0.83	1.90	0.63	2.56	1.53	2.26	1.51	0.96
	4.49	4.39	4.39	4.19	3.98	3.80	3.79	3.69	3.65	3.39	3.34	3.49
	24.45	25.84	8.61	18.26	16.16	20.36	14.69	13.02	11.63	15.96	13.91	11.93
	28.02	45.53	23.20	26.58	19.52	26.64	19.25	18.17	19.52	12.08	8.34	12.19
	0.00	2.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.02	48.44	23.20	26.58	19.52	26.64	19.25	18.17	19.52	12.08	8.34	12.19
	7.28	9.56	6.35	7.12	5.18	5.88	5.39	5.46	5.39	2.51	2.50	3.41
	20.74	38.88	16.85	19.46	14.27	20.83	13.85	12.70	14.11	9.60	5.86	8.76
	2.63	4.27	2.26	2.56	3.69	4.89	3.74	3.55	3.81	2.56	1.71	2.42
Key metrics
	33.85	54.56	28.49	31.97	24.33	32.34	23.67	24.42	24.70	17.73	13.19	16.64
	26.50%	31.80%	26.80%	30.20%	26.10%	29.90%	27.60%	28.00%	29.60%	22.20%	20.60%	27.10%
	16.20%	22.70%	15.80%	18.40%	15.30%	19.20%	16.10%	14.60%	16.90%	12.00%	9.10%	14.30%
	—	6.70%	—	4.00%	—	4.30%	—	—	—	—	—	—
	37.30%	58.30%	24.00%	21.40%	11.50%	35.80%	33.60%	42.00%	—	—	—	—
	45.30%	86.70%	21.70%	53.20%	1.10%	117.00%	136.30%	45.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	511.29	476.57	364.66	253.50	222.43	182.56
	15.54	15.98	7.92	8.27	8.22	2.97
	403.50	377.72	289.00	221.24	183.67	148.96
	242.96	212.50	127.11	126.19	99.68	77.04
	26.17	25.27	34.09	27.74	17.15	5.28
	52.19	48.64	37.52	30.90	21.87	14.81
	5.17	4.66	6.62	5.44	6.72	7.83
	17.46	16.95	14.93	13.36	11.27	10.42
	77.16	68.87	59.70	50.95	38.45	34.15
	123.33	114.83	83.58	40.53	46.98	36.57
	2.91	2.91	0.00	0.00	0.00	0.00
	126.24	117.74	83.58	40.53	46.98	36.57
	30.31	28.21	22.12	10.44	10.90	9.49
	95.93	89.46	61.49	30.03	35.95	27.08
	11.72	10.93	16.02	8.22	9.25	7.78
Key metrics
	148.87	139.35	105.13	59.33	64.97	54.82
	29.12%	29.20%	28.80%	23.40%	29.20%	30.00%
	18.76%	18.80%	16.90%	11.80%	16.20%	14.80%
	—	16.30%	13.60%	—	—	—
	—	30.70%	43.90%	14.00%	21.80%	—
	—	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	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	118.08	125.58	100.83	102.72	87.41	90.16	81.98	84.11	77.60	65.12	62.79	59.80
	2.76	9.69	3.00	2.73	2.72	5.16	2.63	2.59	1.48	6.15	0.94	1.27
	92.33	100.38	78.03	76.11	69.52	72.70	62.65	65.73	57.83	58.74	53.37	47.52
	62.11	54.03	60.31	36.48	34.82	39.34	30.68	27.54	27.49	32.62	45.60	21.78
	1.36	2.87	2.41	5.61	0.85	3.83	5.49	8.02	4.25	8.21	1.57	6.01
	12.83	10.83	12.27	10.19	10.19	9.43	8.46	7.83	7.66	7.27	6.84	6.58
	0.65	1.18	0.28	0.64	0.35	1.88	0.38	2.10	1.16	1.68	1.06	0.65
	4.09	3.89	3.93	3.85	3.61	3.43	3.44	3.36	3.31	3.08	3.03	3.18
	22.27	21.89	6.85	16.77	15.07	18.38	13.56	12.31	10.75	13.68	12.92	11.15
	28.51	34.89	25.80	29.34	20.61	22.62	21.96	20.97	21.25	12.53	10.36	13.55
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	28.51	34.89	25.80	29.34	20.61	22.62	21.96	20.97	21.25	12.53	10.36	13.55
	7.10	8.93	6.27	7.08	5.18	5.60	5.39	5.37	5.38	2.21	2.76	3.45
	21.41	25.96	19.53	22.26	15.43	17.02	16.57	15.60	15.87	10.32	7.60	10.10
	2.66	3.22	2.42	2.76	3.83	4.22	4.12	4.00	4.07	2.65	1.95	2.59
Key metrics
	33.25	39.96	30.01	33.83	24.57	27.93	25.78	26.43	25.72	17.29	14.45	17.38
	28.20%	31.80%	29.80%	32.90%	28.10%	31.00%	31.40%	31.40%	33.10%	26.60%	23.00%	29.10%
	18.10%	20.70%	19.40%	21.70%	17.70%	18.90%	20.20%	18.50%	20.50%	15.80%	12.10%	16.90%
	—	4.80%	—	4.30%	—	3.70%	—	—	—	—	—	—
	35.10%	39.30%	23.00%	22.10%	12.60%	38.50%	30.60%	40.70%	—	—	—	—
	38.80%	52.50%	17.90%	42.70%	-2.80%	64.90%	118.00%	54.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	447.21	416.54	333.85	232.43	214.28	180.00
	18.18	18.14	11.86	9.34	8.33	3.01
	346.85	324.04	258.91	197.16	175.89	146.62
	212.93	185.64	125.05	113.18	96.74	76.94
	12.25	11.74	21.59	20.33	16.97	4.92
	46.12	43.48	33.38	27.28	20.41	14.36
	2.75	2.45	5.52	3.85	6.21	7.78
	15.76	15.28	13.54	12.16	10.68	10.32
	67.78	60.58	55.00	45.93	35.18	33.02
	118.54	110.64	86.80	44.61	46.72	36.39
	0.00	0.00	0.00	—	—	—
	118.54	110.64	86.80	44.61	46.72	36.39
	29.38	27.46	21.74	10.39	10.79	9.48
	89.16	83.18	65.06	34.22	35.93	26.91
	11.06	10.32	16.42	8.77	9.21	7.73
Key metrics
	137.05	128.37	105.86	60.62	63.61	54.49
	30.65%	30.80%	31.70%	26.10%	29.70%	30.30%
	19.94%	20.00%	19.50%	14.70%	16.80%	14.90%
	—	15.10%	13.80%	—	—	—
	—	24.80%	43.60%	8.50%	19.00%	—
	—	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: —
Sales CAGR 10Y: —
Profit CAGR 3Y: +32.29%
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +30.13%
Profit YoY (TTM): +37.98%

Consolidated

Sales CAGR 3Y: +28.92%
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: +35.51%
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +36.61%
Profit YoY (TTM): +55.60%

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 Jun 2026

Promoter holding: 53.19%

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

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

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
We would like to inform you that the management of PARAS will be meeting Analysts / Institutional Investors at 'India Corporate Day - London 2026' organized by Kotak Institutional Equities, ....10 Jun 2026 · Company Update / Analyst / Investor Meet
We would like to inform that the management of PARAS will be meeting Analysts / Institutional Investors on Tuesday, June 09, 2026.3 Jun 2026 · Company Update / Analyst / Investor Meet
We are pleased to inform that PARAS has received an order from Bharat Electronics Limited valued at approximately Rs. 52.82 Cr. (Incl. of Taxes) for supply of Electro-Optics.2 Jun 2026 · Company Update / Award of Order / Receipt of Order
Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026.26 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
We would like to inform that the management of PARAS will be meeting Analysts / Institutional Investors at Taj Hotel, Santacruz, Mumbai, on Wednesday, May 27, 2026.22 May 2026 · Company Update / Analyst / Investor Meet
Submission of Newspaper Publication of Audited Financial Results (Standalone and Consolidated) for the Quarter and Year ended March 31, 2026 under Regulation 47 of SEBI (Listing Obligations ....14 May 2026 · Company Update / Newspaper Publication
Re-appointment of Internal Auditor and Cost Auditor for the Financial Year 2026-2713 May 2026 · Company Update / General
The Board of Directors has recommended the payment of Final Dividend of Rs. 1/- per equity share of Rs. 5/- each for the Financial Year ended March 31, 2026.13 May 2026 · Corp Action / Dividend Updates
Standalone and Consolidated Audited Financial Results for the Quarter and Financial Year ended March 31, 202613 May 2026 · Result / Financial Results
Board Meeting Outcome for Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026 and other items, as enclosed13 May 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 13/05/2026 ,inter alia, to consider and approve i. the ....9 May 2026 · Board Meeting / Board Meeting
We are pleased to inform that PARAS has received an order from DRDO, Ministry of Defence valued at approximately Rs. 7.7 Cr. (Inc. of Taxes) for Development of Ku/C-Band Satellite Communication ....30 Apr 2026 · Company Update / Award of Order / Receipt of Order

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

7 Aug 2026 Board Meeting - Financial Results