āagmanLoginNot investment advice. Data and computed figures, for information only.
Paras Defence and Space Technologies Ltd
₹1,298.90
+₹37.80 (+3.00%)
NSE · 16 Oct 2026, close
Market Cap
₹10,218 Cr
CMP
₹1,298.90
52-wk High / Low
₹1,585 / 581
P/E
110.0
P/B
14.1
Book Value
₹90.0
Div Yield
0.08%
ROCE
17.0%
ROE
12.4%
Face Value
₹5
D/E
0.04
Price+83.6% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹149
√(22.5 × EPS × book value per share)
ROIC
10.5%
vs 12.3% sector median
Cash flow to profit
0.28
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+134
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
11.3%
ROE × earnings retention ratio
ROE stability
2.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +3.23DII +1.80
Latest quarter vs the previous one
Cash-accrual divergence
7.0%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.3x)
+FII holding rose by 7.8pp over the last year
Watch-outs
−Latest ROCE of 17% trails the sector median of 19%
−Annualised volatility of 50.2% is in the high band (≥45%)
−Promoter holding fell by 5.7pp over the last year
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 48 | 61 | 64 | 80 | 84 | 87 | 86 | 108 | 93 | 106 | 106 | 171 | 128 |
| Expenses | 38 | 46 | 52 | 67 | 59 | 64 | 64 | 80 | 71 | 76 | 80 | 129 | 96 |
| Operating Profit | 11 | 16 | 12 | 12 | 24 | 23 | 22 | 28 | 22 | 30 | 26 | 43 | 32 |
| OPM % | 22.9% | 26.2% | 18.8% | 15.0% | 28.6% | 26.4% | 25.6% | 25.9% | 23.7% | 28.3% | 24.5% | 25.1% | 25.0% |
| Other Income | 1 | 1 | 1 | 6 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 12 | 2 |
| Interest | 1 | 1 | 2 | 2 | 2 | 3 | 1 | 2 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 8 | 12 | 8 | 12 | 20 | 18 | 19 | 27 | 19 | 27 | 23 | 48 | 28 |
| Net Profit | 6 | 9 | 6 | 10 | 14 | 13 | 14 | 21 | 14 | 19 | 17 | 39 | 21 |
| EPS (₹) | 0.77 | 1.21 | 0.85 | 1.28 | 1.90 | 1.78 | 1.87 | 2.45 | 1.84 | 2.56 | 2.26 | 4.27 | 2.63 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 154 | 147 | 143 | 183 | 222 | 254 | 365 | 477 | 511 |
| Expenses | 111 | 107 | 99 | 130 | 165 | 200 | 265 | 354 | 381 |
| Operating Profit | 43 | 40 | 44 | 52 | 58 | 53 | 100 | 122 | 130 |
| OPM % | 27.9% | 27.2% | 30.8% | 28.4% | 26.1% | 20.9% | 27.4% | 25.6% | 25.4% |
| Other Income | 3 | 2 | 1 | 3 | 8 | 8 | 8 | 19 | 18 |
| Interest | 10 | 10 | 13 | 8 | 8 | 8 | 9 | 7 | 5 |
| Depreciation | 9 | 10 | 10 | 10 | 11 | 13 | 15 | 17 | 17 |
| Profit before tax | 27 | 22 | 23 | 37 | 47 | 40 | 84 | 118 | 126 |
| Net Profit | 19 | 20 | 16 | 27 | 36 | 30 | 61 | 89 | 96 |
| EPS (₹) | 16.64 | 3.46 | 2.63 | 3.47 | 4.62 | 4.11 | 7.87 | 10.93 | 11.72 |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 28 | 30 | 39 | 39 | 39 | 40 | 40 | — |
| Reserves | 147 | 144 | 177 | 339 | 374 | 406 | 600 | 685 | — |
| Borrowings | 85 | 103 | 106 | 31 | 15 | 66 | 24 | 27 | — |
| Other Liabilities | 92 | 66 | 50 | 48 | 93 | 129 | 188 | 212 | — |
| Total Liabilities | 330 | 342 | 363 | 458 | 520 | 640 | 852 | 964 | — |
| Fixed Assets | 168 | 158 | 157 | 154 | 170 | 186 | 190 | 191 | — |
| CWIP | 3 | 5 | 1 | 0 | 5 | 4 | 11 | 16 | — |
| Investments | 0 | 0 | 1 | 4 | 12 | 22 | 28 | 33 | — |
| Other Assets | 159 | 180 | 204 | 300 | 335 | 427 | 623 | 725 | — |
| Total Assets | 330 | 342 | 363 | 458 | 520 | 640 | 852 | 964 | — |
Cash Flows
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | — | −3 | 4 | 12 | 46 | −46 | 45 | 25 |
| Cash from Investing Activity | — | −5 | −6 | −77 | 10 | −2 | −87 | −17 |
| Cash from Financing Activity | — | 9 | 5 | 63 | −41 | 33 | 74 | −17 |
| Net Cash Flow | — | 1 | 3 | −2 | 15 | −14 | 31 | −9 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 13.0 | 12.0 | 12.0 | 13.0 | 10.0 | 16.0 | 17.0 |
| ROE % | — | — | — | — | — | — | — | 12.4 |
| EPS (₹) | 16.64 | 3.46 | 2.63 | 3.47 | 4.62 | 4.11 | 7.87 | 10.93 |
| Book Value (₹) | — | — | — | — | — | — | — | 90.0 |
| Face Value (₹) | — | — | — | — | — | — | — | 5 |
| P/E | — | — | — | — | — | — | — | 110.0 |
| Div Yield % | — | — | — | — | — | — | — | 0.08 |
| NPM % | 12.1 | 13.4 | 11.1 | 14.5 | 15.7 | 11.5 | 16.4 | 17.9 |
| OPM % | 28.0 | 27.0 | 31.0 | 29.0 | 26.0 | 21.0 | 27.0 | 26.0 |
| D/E | 0.56 | 0.60 | 0.51 | 0.08 | 0.04 | 0.15 | 0.04 | 0.04 |
| P/B | — | — | — | — | — | — | — | 14.1 |
Growth
Compounded sales growth
5 years+27.0%
3 years+29.0%
TTM+37.0%
Compounded profit growth
5 years+40.0%
3 years+33.0%
TTM+46.0%
Stock price CAGR
5 years+32.0%
3 years+51.0%
Last year+76.0%
Return on equity
5 years10.0%
3 years11.0%
Last year12.0%
Documents
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Credit RatingAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationClosure of Trading WindowCorporate actions
28 Aug 2026DIVIDENDDividend - Re 1 Per Share—
8 Aug 2025DIVIDENDDividend - Re 0.50 Per Share—
4 Jul 2025SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share10 : 5
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman