Paras Defence and Space Technologies Limited

NSE: PARAS · Capital Goods

₹1,243.30-1.68%06 Nov 2026

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Instant answers about Paras Defence and Space Technologies Limited — computed from its filings, no language model

Market cap₹10,019 cr

Current price₹1,243.30

High / Low₹1,527 / ₹585

P/E96.2

P/B13.00

Book value₹95.6

ROE13.5%

ROCE18.2%

Debt / equity0.04

Dividend yield0.04%

EPS (TTM)₹12.92

Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY22	FY23	FY24	FY25	FY26
Revenue	182.6	222.4	253.5	364.7	476.6
EBITDA	51.9	56.8	51.1	97.2	120.5
Operating margin	28.4%	25.5%	20.1%	26.7%	25.3%
Interest	7.8	6.7	5.4	6.6	4.7
Depreciation	10.4	11.3	13.4	14.9	16.9
Profit before tax	36.6	47.0	40.5	83.6	117.7
Tax	9.5	10.9	10.4	22.1	28.2
Net profit	0.0	36.1	32.1	63.5	88.1
EPS ₹	7.78	9.25	8.22	16.02	10.93
Operating cash flow	11.5	45.8	-45.6	44.8	24.6
Capex	8.6	25.3	26.0	35.2	37.8
Dividend paid	0.0	0.0	0.0	0.0	4.0
Total assets	—	520.5	639.7	852.0	964.7
Equity	—	413.2	444.6	639.9	725.4

Quarterly performance

last 19 quarters · ₹ crore

showing latest 8 of 19 periods

	SEP '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	50.5	61.2	55.7	60.9	65.1	48.3	61.3	64.2	79.7	83.6	87.1	85.8	108.2	93.2	105.7	106.3	171.3	127.9	151.1
Operating profit	15.3	17.6	14.1	14.2	17.2	10.8	15.5	12.4	12.2	24.1	22.8	22.1	28.3	21.9	29.7	26.2	42.6	31.9	44.5
Operating margin	30.3%	28.8%	25.3%	23.3%	26.4%	22.4%	25.3%	19.4%	15.4%	28.9%	26.1%	25.7%	26.1%	23.6%	28.1%	24.7%	24.9%	24.9%	29.5%
Other income	0.2	1.4	1.0	5.5	0.8	0.9	1.1	0.8	5.5	0.6	1.7	1.6	4.0	2.4	2.3	2.3	9.1	1.9	2.2
Interest	2.2	2.0	0.6	3.8	2.1	0.7	1.0	1.5	2.3	1.5	2.6	0.6	1.9	0.8	1.2	0.9	1.7	1.3	0.9
Depreciation	2.5	2.7	2.8	2.9	3.0	3.1	3.5	3.3	3.4	3.6	3.7	3.8	3.8	4.0	4.2	4.4	4.4	4.5	5.1
Profit before tax	10.8	14.3	11.7	13.0	12.9	7.9	12.2	8.3	12.1	19.5	18.2	19.2	26.6	19.5	26.6	23.2	48.4	28.0	40.8
Tax	2.7	4.0	3.5	3.8	1.0	2.0	3.4	2.5	2.5	5.4	5.5	5.4	5.9	5.2	7.1	6.3	9.6	7.3	10.3
Net profit	8.1	0.0	8.5	9.8	10.8	6.0	9.4	6.7	10.0	14.8	13.9	15.0	19.7	14.9	20.6	18.2	34.4	21.2	30.3
EPS ₹	2.60	2.66	2.17	2.50	2.76	1.54	2.42	1.71	2.56	3.81	3.55	3.74	4.89	3.69	2.56	2.26	4.27	2.63	3.76
Revenue YoY	—	—	10.3%	—	6.3%	—	10.1%	5.4%	22.4%	73.0%	42.0%	33.6%	35.8%	11.5%	21.4%	24.0%	58.3%	37.3%	42.9%
Profit YoY	—	—	5.2%	—	—	—	11.1%	-31.8%	-7.3%	147.1%	47.1%	125.8%	97.8%	0.1%	48.9%	21.1%	74.3%	42.7%	46.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 14 periods

	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	8.5%	8.4%	7.7%	7.2%	9.2%	9.6%	11.4%	9.9%	9.9%	10.5%	10.9%	12.1%	13.0%	13.5%
ROCE	12.3%	11.4%	10.0%	9.0%	11.5%	12.2%	14.1%	13.6%	13.5%	13.3%	13.9%	16.3%	17.5%	18.2%
Net margin	15.2%	15.3%	13.7%	12.6%	14.2%	14.4%	16.0%	17.4%	17.0%	17.9%	17.8%	18.5%	18.5%	18.7%
EBITDA margin	24.5%	24.5%	23.4%	20.1%	22.3%	22.8%	24.1%	26.7%	25.4%	26.0%	25.7%	25.3%	25.5%	26.1%
Debt / equity	0.04	0.09	0.09	0.15	0.15	0.14	0.14	0.04	0.04	0.08	0.08	0.04	0.04	0.04
Interest coverage	7.28	7.06	8.78	8.45	9.33	8.39	10.89	13.63	15.12	21.17	20.86	26.27	25.42	30.08
Asset turnover	0.44	0.41	0.42	0.40	0.45	0.45	0.49	0.43	0.44	0.43	0.45	0.49	0.53	0.51

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	39.0	39.0	39.0	39.0	39.0	40.3	40.3	40.3	40.3
Other equity / reserves	354.6	374.2	389.5	405.6	434.0	599.6	631.5	685.1	730.2
Total equity	393.6	413.2	428.5	444.6	473.0	639.9	671.8	725.4	770.5
Borrowings	34.1	14.6	39.6	64.6	67.8	23.1	55.3	26.6	27.6
Current liabilities	64.5	83.0	119.4	170.7	196.7	191.0	235.8	213.9	290.2
Non-current liabilities	23.3	24.1	24.7	25.7	26.4	24.3	20.5	25.6	30.4
Total assets	481.2	520.5	572.4	639.7	692.8	852.0	922.9	964.7	1,090.6
Property, plant & equipment	134.2	145.2	150.8	178.2	175.3	179.5	187.0	184.4	210.7
Capital work-in-progress	2.2	4.5	9.4	4.5	10.2	7.8	8.4	8.5	8.4
Investments	10.3	11.5	17.3	22.1	17.8	28.2	28.6	33.2	33.1
Inventories	82.9	93.4	119.7	150.2	154.9	150.8	148.0	159.6	193.8
Receivables	157.6	150.3	175.2	198.4	259.8	295.7	346.2	364.1	372.5
Cash & equivalents	1.2	17.1	3.4	3.0	2.4	34.5	10.0	25.4	26.9

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	11.5	45.8	-45.6	44.8	24.6
Cash from investing	-77.1	9.6	-1.7	-87.0	-17.2
Cash from financing	63.1	-40.4	33.1	73.7	-16.6
Capex	8.6	25.3	26.0	35.2	37.8
Free cash flow	2.9	20.4	-71.6	9.6	-13.2
Dividends paid	0.0	0.0	0.0	0.0	4.0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹210.7 cr19%

CWIP

₹8.4 cr1%

Investments

₹33.1 cr3%

Inventories

₹193.8 cr18%

Receivables

₹372.5 cr34%

Cash & equivalents

₹26.9 cr2%

Other assets

₹245.3 cr22%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Paras Defence and Space Technologies Limited	10,019	1,243.30	96.2	13.00	13.5%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.3%

6 months+43.0%

1 year+76.0%

3Y CAGR+51.3%

5Y CAGR+26.3%

10Y CAGR—

50-day avg₹1,330.95

200-day avg₹1,023.75

RSI (14)44

FAQs

What is the share price of Paras Defence and Space Technologies Limited?

Paras Defence and Space Technologies Limited (PARAS) closed at ₹1,243.30 on NSE on 06 Nov 2026.

What is the market cap of Paras Defence and Space Technologies Limited?

₹10,019 crore at the latest close.

What is the P/E ratio of Paras Defence and Space Technologies Limited?

96.2, on trailing-twelve-month earnings from its filings.

How fast is Paras Defence and Space Technologies Limited growing?

Paras Defence and Space Technologies Limited: revenue has compounded at 28.9% a year over three years; net profit at 34.7% a year. Latest-quarter revenue is up 42.9% year on year, profit up 46.8%.

How profitable is Paras Defence and Space Technologies Limited?

On a trailing-twelve-month basis return on equity is 13.5%, return on capital employed 18.2%, operating margin 26.1%, net margin 18.7%.

How much debt does Paras Defence and Space Technologies Limited have?

Paras Defence and Space Technologies Limited is debt-free: debt to equity is 0.04 with borrowings of ₹28 cr against cash of ₹27 cr (balance sheet of 2026-09-30). Operating profit covers interest 30.1 times.

Financials parsed from Paras Defence and Space Technologies Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '21, annual from FY22, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.