Paras Defence & Space Technologies Limited is a premier Indian company specializing in the development of advanced technologies for defense and space applications. With over four decades of experience, Paras Defence is known for its expertise in Indigenously Designed Developed and Manufactured (IDDM) capabilities. The company offers a diverse range of products, including optics and optronic systems, defense electronics, electromagnetic shielding solutions, and heavy engineering products. Notably, Paras Defence is the only company in India capable of producing Infrared Optics in large quantities. Their strategic initiatives, such as the commencement of commercial production at a new facility in Gorakhpur, Uttar Pradesh, and significant contributions to prestigious defense and space programs, underscore their commitment to innovation and growth. Paras Defence’s mission is to excel in customer satisfaction through innovative technological solutions, with a vision to be a trusted partner for stakeholders, dedicated to sustainable business growth.
Recent News on Paras Defence & Space Technologies
The Defence Acquisition Council (DAC) has recently approved capital acquisition proposals valued at ₹1.44 trillion, boosting investor confidence in defense stocks. This major approval has sparked renewed interest in the sector, reflecting positively on various defense companies. Despite this, defense stocks, including Paras Defence, have experienced a market correction of up to 27% since the budget presentation. Analysts view this correction as a necessary adjustment due to prior overvaluation in the sector, balancing the outlook for future growth.
About their Business
Paras Defence & Space Technologies Limited is a key player in India’s defense and space sectors. Their business encompasses the following areas:
- Optics and Optronic Systems: Paras Defence produces a variety of optical components such as infrared lenses, optical domes, and gyro blocks. These components are essential for both defense and space applications.
- Defence Electronics: The company designs and develops advanced defense electronics, including rugged displays, sensors, and other critical electronic systems used in military applications.
- Electromagnetic Pulse (EMP) Protection: They provide specialized solutions for electromagnetic shielding and protection, crucial for safeguarding military and space equipment from EMPs.
- Heavy Engineering: Paras Defence manufactures heavy engineering products for various defense applications, contributing to the development of robust and reliable military hardware.
- Space Applications: The company is significantly involved in technologies for rockets, missiles, space research, and quantum communication. This includes the development of critical components and systems for space exploration and satellite technology.
- Indigenous Manufacturing: Paras Defence prides itself on its Indigenously Designed Developed and Manufactured (IDDM) capabilities, making it a vital player in India’s Make In India initiative for the defense sector.
Shareholding Patterns
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’s shareholding pattern exhibited stability and modest fluctuations across different investor categories. Promoters consistently held a dominant stake of 58.94% throughout the year. Foreign Institutional Investors (FIIs) displayed minor variability, starting at 0.53% in March 2023, briefly dipping to 0.11% in June 2023, and fluctuating to end at 0.13% by March 2024. Domestic Institutional Investors (DIIs) showed a gradual increase from 2.57% to 2.75%, reflecting growing institutional confidence. Public shareholding varied slightly, beginning at 37.95% in March 2023 and ending at 38.18% in March 2024. Additionally, the number of shareholders rose from 232,367 to 259,335, indicating increased retail investor interest.
How to Purchases Paras Defence & Space Technologies Limited Shares?
Below are the trading platforms that you can use to purchase Paras Defence & Space Technologies Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Paras Defence & Space Technologies Limited Share Price Target: 2024 To 2030
Paras Defence & Space Technologies Limited Share Price Target 2024
When | Maximum Price | Minimum Price |
September 2024 | 1,238.75 | 1,077.18 |
October 2024 | 1,226.49 | 1,066.51 |
November 2024 | 1,275.55 | 1,109.17 |
December 2024 | 1,288.30 | 1,120.26 |
In September 2024, Paras Defence & Space Technologies is projected to see its maximum price reaching around ₹1,238.75, while the minimum may hover at ₹1,077.18. Moving forward to October 2024, the company’s shares are expected to maintain a slightly lower range, with a maximum of ₹1,226.49 and a minimum of ₹1,066.51. As we step into November 2024, the price might experience an upward trend, with the highest projected at ₹1,275.55 and the lowest at ₹1,109.17. Concluding the year in December 2024, Paras Defence & Space Technologies’ shares could see a maximum price of ₹1,288.30 and a minimum of ₹1,120.26, indicating potential growth and resilience in the market.
Paras Defence & Space Technologies Limited Share Price Target 2025
When | Maximum Price | Minimum Price |
January 2025 | 1,301.19 | 1,000.91 |
February 2025 | 1,314.33 | 1,011.02 |
March 2025 | 1,341.93 | 1,032.25 |
April 2025 | 1,328.64 | 1,022.03 |
May 2025 | 1,289.95 | 992.27 |
June 2025 | 1,347.99 | 1,036.92 |
July 2025 | 1,321.56 | 1,016.59 |
August 2025 | 1,362.44 | 1,048.03 |
September 2025 | 1,378.79 | 1,060.60 |
October 2025 | 1,414.63 | 1,088.18 |
November 2025 | 1,450.00 | 1,115.38 |
December 2025 | 1,515.25 | 1,165.58 |
As we step into 2025, Paras Defence & Space Technologies is expected to see its maximum price start at ₹1,301.19 in January and gradually rise to ₹1,515.25 by December. The minimum price may range from ₹1,000.91 in January, increasing to ₹1,165.58 by year-end.
Paras Defence & Space Technologies Limited Share Price Target 2026
When | Maximum Price | Minimum Price |
January 2026 | 1,560.71 | 1,200.54 |
February 2026 | 1,521.69 | 1,170.53 |
March 2026 | 1,552.12 | 1,193.94 |
April 2026 | 1,583.80 | 1,218.31 |
May 2026 | 1,568.12 | 1,206.24 |
June 2026 | 1,607.32 | 1,236.40 |
July 2026 | 1,575.80 | 1,212.16 |
August 2026 | 1,624.54 | 1,249.65 |
September 2026 | 1,657.03 | 1,274.64 |
October 2026 | 1,700.11 | 1,307.78 |
November 2026 | 1,742.62 | 1,340.47 |
December 2026 | 1,786.18 | 1,373.99 |
Paras Defence & Space Technologies Limited Share Price Target 2027
When | Maximum Price | Minimum Price |
January 2027 | 1,804.04 | 1,387.73 |
February 2027 | 1,850.30 | 1,423.31 |
March 2027 | 1,922.46 | 1,478.82 |
April 2027 | 1,884.77 | 1,449.82 |
May 2027 | 1,829.87 | 1,407.59 |
June 2027 | 1,912.22 | 1,470.94 |
July 2027 | 1,874.72 | 1,442.09 |
August 2027 | 1,932.70 | 1,486.69 |
September 2027 | 2,000.35 | 1,538.73 |
October 2027 | 2,052.36 | 1,578.74 |
November 2027 | 2,103.67 | 1,618.20 |
December 2027 | 2,156.26 | 1,658.66 |
Paras Defence & Space Technologies Limited Share Price Target 2028
When | Maximum Price | Minimum Price |
January 2028 | 2,199.38 | 1,691.83 |
February 2028 | 2,255.78 | 1,735.21 |
March 2028 | 2,343.75 | 1,802.89 |
April 2028 | 2,297.80 | 1,767.54 |
May 2028 | 2,230.87 | 1,716.05 |
June 2028 | 2,331.26 | 1,793.28 |
July 2028 | 2,285.55 | 1,758.11 |
August 2028 | 2,356.24 | 1,812.49 |
September 2028 | 2,438.70 | 1,875.93 |
October 2028 | 2,502.11 | 1,924.70 |
November 2028 | 2,564.66 | 1,972.82 |
December 2028 | 2,628.78 | 2,022.14 |
Paras Defence & Space Technologies Limited Share Price Target 2029
When | Maximum Price | Minimum Price |
January 2029 | 2,681.36 | 2,062.58 |
February 2029 | 2,750.11 | 2,115.47 |
March 2029 | 2,857.36 | 2,197.97 |
April 2029 | 2,801.34 | 2,154.87 |
May 2029 | 2,719.74 | 2,092.11 |
June 2029 | 2,842.13 | 2,186.26 |
July 2029 | 2,786.40 | 2,143.39 |
August 2029 | 2,872.58 | 2,209.68 |
September 2029 | 2,973.12 | 2,287.02 |
October 2029 | 3,050.42 | 2,346.48 |
November 2029 | 3,126.68 | 2,405.14 |
December 2029 | 3,204.85 | 2,465.27 |
Paras Defence & Space Technologies Limited Share Price Target 2030
When | Maximum Price | Minimum Price |
January 2030 | 3,268.95 | 2,514.57 |
February 2030 | 3,352.77 | 2,579.05 |
March 2030 | 3,483.52 | 2,679.63 |
April 2030 | 3,415.22 | 2,627.09 |
May 2030 | 3,315.75 | 2,550.57 |
June 2030 | 3,464.96 | 2,665.35 |
July 2030 | 3,397.02 | 2,613.09 |
August 2030 | 3,502.08 | 2,693.91 |
September 2030 | 3,624.65 | 2,788.19 |
October 2030 | 3,718.89 | 2,860.69 |
November 2030 | 3,811.86 | 2,932.20 |
December 2030 | 3,907.16 | 3,005.51 |
In 2030, Paras Defence & Space Technologies is projected to begin with a maximum price of ₹3,268.95 in January, with the lowest price at ₹2,514.57. As the year progresses, the prices are expected to steadily climb, reaching a maximum of ₹3,907.16 in December and a minimum of ₹3,005.51.
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 demonstrated consistent financial growth. Sales increased from ₹147 crore in March 2020 to ₹254 crore in March 2024, while expenses rose from ₹107 crore to ₹202 crore. Operating profit grew from ₹40 crore to a peak of ₹58 crore in March 2023, before slightly decreasing to ₹51 crore in March 2024. The Operating Profit Margin (OPM) fluctuated, peaking at 31% in March 2021 and declining to 20% by March 2024. Other income remained modest but stable, increasing to ₹8 crore in the last two years. Interest expenses decreased from ₹10 crore to ₹5 crore, and depreciation expenses increased from ₹10 crore to ₹13 crore. Profit before tax grew from ₹22 crore to ₹47 crore in March 2023, then slightly fell to ₹40 crore in March 2024. Net profit rose from ₹20 crore to ₹36 crore in March 2023, before decreasing 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, focusing on reinvestment and growth.
FAQs
What is Paras Defence & Space Technologies current market capitalization?
Paras Defence & Space Technologies current market capitalization stands at ₹4,703 crore.
What is Paras Defence & Space Technologies’ current share price?
Paras Defence & Space Technologies current share price is ₹1,206 as of September 07, 2024.
What is Paras Defence & Space Technologies share price target for 2025?
Paras Defence & Space Technologies share price target for 2025 ranges from a minimum of ₹992.27 to a maximum of ₹1,515.25.
What is Paras Defence & Space Technologies share price target for 2030?
Paras Defence & Space Technologies share price target for 2030 ranges from a minimum of ₹2,514.57 to a maximum of ₹3,907.16.
What is Paras Defence & Space Technologies current Price-to-Earnings (P/E) ratio?
Paras Defence & Space Technologies current Price-to-Earnings (P/E) ratio stands at 123.
What is the face value of Paras Defence & Space Technologies shares?
The face value of Paras Defence & Space Technologies shares is ₹10.0.
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Conclusion:
In conclusion, Paras Defence & Space Technologies Limited is a prominent player in India’s defense and space sectors, leveraging over four decades of experience and IDDM capabilities. The company is well-diversified, with a range of products and services across optics, defense electronics, EMP protection, heavy engineering, and space applications, reflecting its significant role in the “Make in India” initiative. Despite market corrections in defense stocks, the company’s share prices are projected to steadily rise from 2024 to 2030, indicating a positive outlook supported by its strategic initiatives and involvement in major defense and space programs. Over the past five years, Paras Defence has shown consistent growth in sales, though recent financial data reflects some pressure on margins, with operating profit margins decreasing from 27% in 2020 to 20% in 2024. Nonetheless, increasing public and institutional interest in the company’s shares suggests continued confidence in its future prospects.
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