Paras Defence & Space Technologies Limited is a leading Indian company specializing in advanced technology development for defense and space applications. With over 40 years of experience, the company excels in Indigenously Designed Developed and Manufactured (IDDM) capabilities. Their product range includes optics and optronic systems, defense electronics, electromagnetic shielding solutions, and heavy engineering products. Remarkably, Paras Defence is the only Indian company capable of mass-producing Infrared Optics. Their strategic growth is highlighted by the start of commercial production at a new facility in Gorakhpur, Uttar Pradesh, and significant contributions to prestigious defense and space programs. The company’s mission is to achieve customer satisfaction through innovative technological solutions, with a vision to be a trusted partner for stakeholders, focused on sustainable business growth.
Latest News about Paras Defence & Space Technologies
The Defence Acquisition Council (DAC) has given the green light to capital acquisition proposals totaling ₹1.44 trillion, leading to increased investor confidence in defense-related stocks. This significant approval has had a positive impact across the defense sector. However, despite recent gains, stocks like Paras Defence have undergone a market correction of up to 27% since the budget announcement. Experts believe this correction was essential to address previous overvaluation in the sector, bringing stock prices more in line with their true market value.
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 58.94% | 58.94% | 58.94% | 58.94% | 58.94% |
| FIIs + | 0.53% | 0.11% | 0.56% | 0.49% | 0.13% |
| DIIs + | 2.57% | 2.21% | 2.72% | 2.73% | 2.75% |
| Public + | 37.95% | 38.73% | 37.79% | 37.84% | 38.18% |
| No. of Shareholders | 2,32,367 | 2,39,911 | 2,58,613 | 2,53,462 | 2,59,335 |
From March 2023 to March 2024, Paras Defence & Space Technologies Limited maintained a stable and slightly fluctuating shareholding pattern across various investor categories. Throughout the year, promoters consistently held a dominant stake of 58.94%. Foreign Institutional Investors (FIIs) showed minor variations, starting at 0.53% in March 2023, briefly dropping to 0.11% in June 2023, and ending at 0.13% by March 2024. Domestic Institutional Investors (DIIs) experienced a gradual increase from 2.57% to 2.75%, indicating growing institutional confidence. Public shareholding fluctuated slightly, starting at 37.95% in March 2023 and slightly rising to 38.18% by March 2024. The number of shareholders increased from 232,367 to 259,335 over the period, highlighting rising interest among retail investors in the company.
About their Business
Paras Defence & Space Technologies Limited plays a pivotal role in India’s defense and space sectors with a diverse range of capabilities:
- Optics and Optronic Systems: The company manufactures essential optical components like infrared lenses, optical domes, and gyro blocks crucial for defense and space applications.
- Defence Electronics: Paras Defence designs and produces advanced defense electronics such as rugged displays, sensors, and critical electronic systems used in military operations.
- Electromagnetic Pulse (EMP) Protection: They specialize in solutions for electromagnetic shielding, critical for safeguarding military and space equipment from EMPs.
- Heavy Engineering: The company manufactures heavy engineering products for defense applications, contributing to the development of robust military hardware.
- Space Applications: Paras Defence is actively involved in technologies for rockets, missiles, space research, and quantum communication, developing vital components and systems for space exploration and satellite technology.
- Indigenous Manufacturing: Known for its Indigenously Designed Developed and Manufactured (IDDM) capabilities, the company plays a significant role in India’s defense sector under the Make In India initiative.
Below are the trading platforms that you can use to purchase Paras Defence & Space Technologies Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 1,254.15 | 1,090.57 |
| October 2024 | 1,241.74 | 1,079.77 |
| November 2024 | 1,291.41 | 1,122.96 |
| December 2024 | 1,304.32 | 1,134.19 |
In September 2024, the maximum price of Paras Defence & Space Technologies is anticipated to reach around ₹1,254.15, with a minimum price of ₹1,090.57. Moving into October, the maximum price is expected to hover around ₹1,241.74, while the minimum might drop to ₹1,079.77. By November, Paras Defence & Space Technologies could see its highest price rise to ₹1,291.41 and the lowest to about ₹1,122.96. Finally, as we step into December 2024, the maximum price is likely to reach ₹1,304.32, with a minimum price of ₹1,134.19.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,317.36 | 1,013.36 |
| February 2025 | 1,330.67 | 1,023.59 |
| March 2025 | 1,358.61 | 1,045.09 |
| April 2025 | 1,345.16 | 1,034.74 |
| May 2025 | 1,305.98 | 1,004.60 |
| June 2025 | 1,364.75 | 1,049.81 |
| July 2025 | 1,337.99 | 1,029.22 |
| August 2025 | 1,379.37 | 1,061.06 |
| September 2025 | 1,395.93 | 1,073.79 |
| October 2025 | 1,432.22 | 1,101.71 |
| November 2025 | 1,468.03 | 1,129.25 |
| December 2025 | 1,534.09 | 1,180.07 |
As we step into January 2025, Paras Defence & Space Technologies is expected to see a maximum price of ₹1,317.36 and a minimum of ₹1,013.36. By December, the maximum could reach ₹1,534.09, with a minimum of ₹1,180.07.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,580.11 | 1,215.47 |
| February 2026 | 1,540.61 | 1,185.08 |
| March 2026 | 1,571.42 | 1,208.78 |
| April 2026 | 1,603.49 | 1,233.45 |
| May 2026 | 1,587.61 | 1,221.24 |
| June 2026 | 1,627.30 | 1,251.77 |
| July 2026 | 1,595.39 | 1,227.23 |
| August 2026 | 1,644.74 | 1,265.18 |
| September 2026 | 1,677.63 | 1,290.49 |
| October 2026 | 1,721.25 | 1,324.04 |
| November 2026 | 1,764.28 | 1,357.14 |
| December 2026 | 1,808.39 | 1,391.07 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,826.47 | 1,404.98 |
| February 2027 | 1,873.30 | 1,441.00 |
| March 2027 | 1,946.36 | 1,497.20 |
| April 2027 | 1,908.20 | 1,467.85 |
| May 2027 | 1,852.62 | 1,425.09 |
| June 2027 | 1,935.99 | 1,489.22 |
| July 2027 | 1,898.03 | 1,460.02 |
| August 2027 | 1,956.73 | 1,505.18 |
| September 2027 | 2,025.22 | 1,557.86 |
| October 2027 | 2,077.87 | 1,598.36 |
| November 2027 | 2,129.82 | 1,638.32 |
| December 2027 | 2,183.06 | 1,679.28 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,226.73 | 1,712.87 |
| February 2028 | 2,283.82 | 1,756.79 |
| March 2028 | 2,372.89 | 1,825.30 |
| April 2028 | 2,326.36 | 1,789.51 |
| May 2028 | 2,258.60 | 1,737.39 |
| June 2028 | 2,360.24 | 1,815.57 |
| July 2028 | 2,313.96 | 1,779.97 |
| August 2028 | 2,385.53 | 1,835.02 |
| September 2028 | 2,469.02 | 1,899.25 |
| October 2028 | 2,533.22 | 1,948.63 |
| November 2028 | 2,596.55 | 1,997.34 |
| December 2028 | 2,661.46 | 2,047.28 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,714.69 | 2,088.22 |
| February 2029 | 2,784.30 | 2,141.77 |
| March 2029 | 2,892.88 | 2,225.30 |
| April 2029 | 2,836.16 | 2,181.66 |
| May 2029 | 2,753.55 | 2,118.12 |
| June 2029 | 2,877.46 | 2,213.43 |
| July 2029 | 2,821.04 | 2,170.03 |
| August 2029 | 2,908.29 | 2,237.15 |
| September 2029 | 3,010.08 | 2,315.45 |
| October 2029 | 3,088.34 | 2,375.65 |
| November 2029 | 3,165.55 | 2,435.04 |
| December 2029 | 3,244.69 | 2,495.92 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,309.59 | 2,545.84 |
| February 2030 | 3,394.45 | 2,611.11 |
| March 2030 | 3,526.83 | 2,712.95 |
| April 2030 | 3,457.68 | 2,659.75 |
| May 2030 | 3,356.97 | 2,582.28 |
| June 2030 | 3,508.03 | 2,698.49 |
| July 2030 | 3,439.25 | 2,645.57 |
| August 2030 | 3,545.62 | 2,727.40 |
| September 2030 | 3,669.71 | 2,822.86 |
| October 2030 | 3,765.12 | 2,896.25 |
| November 2030 | 3,859.25 | 2,968.66 |
| December 2030 | 3,955.73 | 3,042.87 |
In January 2030, Paras Defence & Space Technologies is anticipated to see a maximum price of ₹3,309.59 and a minimum of ₹2,545.84. By December, the maximum price could reach ₹3,955.73, with a minimum of ₹3,042.87. Throughout the year, the stock is projected to rise.
Paras Defence & Space Technologies Financial Condition: Last 5 Year
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 147 | 143 | 183 | 222 | 254 |
| Expenses + | 107 | 99 | 130 | 165 | 202 |
| Operating Profit | 40 | 44 | 52 | 58 | 51 |
| OPM % | 27% | 31% | 29% | 26% | 20% |
| Other Income + | 2 | 1 | 3 | 8 | 8 |
| Interest | 10 | 13 | 8 | 8 | 5 |
| Depreciation | 10 | 10 | 10 | 11 | 13 |
| Profit before tax | 22 | 23 | 37 | 47 | 40 |
| Tax % | 10% | 30% | 26% | 23% | 26% |
| Net Profit + | 20 | 16 | 27 | 36 | 30 |
| EPS in Rs | 6.92 | 5.27 | 6.93 | 9.25 | 8.22 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
From March 2020 to March 2024, Paras Defence & Space Technologies Limited showcased consistent financial growth. Sales climbed from ₹147 crore in March 2020 to ₹254 crore in March 2024, while expenses increased from ₹107 crore to ₹202 crore. Operating profit rose from ₹40 crore to a peak of ₹58 crore in March 2023, before slightly dropping to ₹51 crore in March 2024. The Operating Profit Margin (OPM) peaked at 31% in March 2021, eventually declining to 20% by March 2024. Other income remained modest but stable, reaching ₹8 crore in the last two years. Interest expenses fell from ₹10 crore to ₹5 crore, and depreciation expenses grew from ₹10 crore to ₹13 crore. Profit before tax increased from ₹22 crore to ₹47 crore in March 2023, then slightly decreased to ₹40 crore in March 2024. Net profit rose from ₹20 crore to ₹36 crore in March 2023, before dropping to ₹30 crore in March 2024. Earnings Per Share (EPS) improved from ₹6.92 to ₹9.25, then dipped to ₹8.22. The company maintained a zero dividend payout throughout this period, focusing on reinvestment and growth.
FAQS
What is Paras Defence & Space Technologies’s market capitalization as of the latest available data?
Paras Defence & Space Technologies holds a market capitalization of ₹4,703 crore.
Paras Defence & Space TechnologiesS is expected to reach ₹1,534.09 by the end of 2025.
Paras Defence & Space Technologies is projected to trade in a range between ₹2,545.84 to ₹3,955.73 in 2030.
Should one invest in Paras Defence & Space Technologies?
Paras Defence & Space Technologies Limited continues to showcase robust performance and promising growth prospects. Recent developments, such as the Defence Acquisition Council’s approval of substantial capital acquisition proposals, have bolstered investor confidence in defense stocks, including Paras Defence. Despite a recent market correction, the company’s fundamentals remain strong, with a stable shareholding pattern and strategic expansion, including the new facility in Gorakhpur. Financially, Paras Defence has demonstrated consistent growth, with a notable increase in sales and net profit over the past five years, despite some fluctuations in operating profit and margins. The company’s innovation in defense technology, coupled with its strategic investments, positions it well for future success. With a projected share price increase from ₹1,534.09 at the end of 2025 to a range of ₹2,545.84 to ₹3,955.73 in 2030, Paras Defence is poised to deliver significant value to its stakeholders and continue its role as a key player in India’s defense and space sectors.
What did we learn?
- 1 Latest News about Paras Defence & Space Technologies
- 2 Shareholding Patterns
- 3 About their Business
- 4 How to Purchases Paras Defence & Space Technologies Limited Shares?
- 5 Paras Defence & Space Technologies Limited Share Price Target: 2024 to 2030
- 5.1 Paras Defence & Space Technologies Limited Share Price Target 2024
- 5.2 Paras Defence & Space Technologies Limited Share Price Target 2025
- 5.3 Paras Defence & Space Technologies Limited Share Price Target 2026
- 5.4 Paras Defence & Space Technologies Limited Share Price Prediction 2027
- 5.5 Paras Defence & Space Technologies Limited Share Price Target 2028
- 5.6 Paras Defence & Space Technologies Limited Share Price Prediction 2029
- 5.7 Paras Defence & Space Technologies Limited Share Price Target 2030
- 6 Paras Defence & Space Technologies Financial Condition: Last 5 Year
- 7 FAQS
- 8 Should one invest in Paras Defence & Space Technologies?
