Paras Defence and Space Technologies Ltd

Paras Defence Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Paras Defence and Space Technologies Ltd

₹ 981 4.99%
14 Nov - close price
parasdefence.com BSE: 543367 NSE: PARAS
About

Paras Defence and Space Technologies (PDST) is an Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions.[1]

Key Points

India’s leading Defense company
It is amongst the leading private sector enterprises operating within the Defence and Space segments. It has been serving the diverse requirements of the industry operating across four segments of Defence & Space Optics, Defence Electronics, Electromagnetic Pulse Protection and Heavy Engineering. It holds the distinction of being the sole Indian supplier of vital imaging components for space applications, including large-size optics and diffractive gratings. [1]

Website BSE NSE
  • Market Cap ₹ 3,951 Cr.
  • Current Price ₹ 981
  • High / Low ₹ 1,593 / 609
  • Stock P/E 80.0
  • Book Value ₹ 122
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 7.96 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 8.00 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.70% over last 3 years.
  • Company has high debtors of 283 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Aerospace & Defence Industry: Engineering

Part of Nifty Microcap 250 Nifty Total Market BSE Allcap BSE Industrials BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
52 44 60 41 55 60 58 45 60 63 65 78 84
36 32 43 30 40 45 44 34 44 49 54 53 60
Operating Profit 16 12 18 12 15 15 14 11 16 14 11 24 24
OPM % 30% 28% 29% 28% 27% 25% 24% 24% 27% 22% 17% 31% 28%
0 1 1 1 1 6 1 1 1 1 6 1 3
Interest 2 1 2 0 1 4 2 0 1 1 2 1 2
Depreciation 2 3 3 3 3 3 3 3 3 3 3 3 3
Profit before tax 11 9 14 10 13 14 10 8 14 10 13 21 21
Tax % 24% 25% 28% 25% 28% 27% 9% 24% 25% 27% 18% 25% 26%
8 7 10 8 9 11 9 6 10 8 10 16 16
EPS in Rs 2.17 1.80 2.67 1.93 2.32 2.69 2.27 1.59 2.59 1.95 2.65 4.07 4.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
48 143 154 147 133 180 214 232 290
39 102 111 107 90 128 158 179 217
Operating Profit 8 41 43 40 43 52 56 54 73
OPM % 18% 29% 28% 27% 33% 29% 26% 23% 25%
0 3 3 2 1 3 8 9 11
Interest 4 7 10 10 13 8 7 6 6
Depreciation 2 7 9 10 10 10 11 12 13
Profit before tax 3 30 27 22 22 36 47 45 65
Tax % 33% 18% 29% 10% 31% 26% 23% 23%
2 25 19 20 15 27 36 34 49
EPS in Rs 4.05 50.06 33.51 7.03 5.05 6.90 9.21 8.78 12.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 21%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 32%
TTM: 38%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 11%
1 Year: 36%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 6 6 28 30 39 39 39 39
Reserves 27 118 147 145 177 339 374 408 439
30 66 85 103 105 29 0 35 48
33 67 92 66 50 48 90 126 152
Total Liabilities 94 257 330 342 362 454 503 608 677
42 171 168 158 157 154 158 173 171
CWIP 0 1 3 5 1 0 4 4 9
Investments 9 0 0 0 1 4 19 31 26
43 84 159 179 203 296 322 400 470
Total Assets 94 257 330 342 362 454 503 608 677

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2 4 13 49 -17
-5 -6 -77 10 -20
8 5 62 -45 23
Net Cash Flow 1 3 -2 14 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 87 65 197 242 261 247 247 283
Inventory Days 294 204 281 304 483 299 323 476
Days Payable 187 107 232 135 100 69 87 196
Cash Conversion Cycle 194 162 246 412 645 477 482 563
Working Capital Days 142 87 198 313 462 394 339 419
ROCE % 30% 17% 13% 12% 12% 13% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94%
0.80% 0.23% 0.23% 0.81% 0.77% 0.53% 0.11% 0.56% 0.49% 0.13% 2.97% 3.46%
3.41% 2.63% 2.60% 2.33% 2.64% 2.57% 2.21% 2.72% 2.73% 2.75% 0.07% 0.63%
36.85% 38.20% 38.23% 37.93% 37.65% 37.95% 38.73% 37.79% 37.84% 38.18% 38.00% 36.96%
No. of Shareholders 2,34,4082,45,3242,40,3292,22,4452,29,0152,32,3672,39,9112,58,6132,53,4622,59,3352,96,5013,04,229

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Jun 2024
    Transcript
    Notes
    PPT
  • Sep 2023
    Transcript
    Notes
    PPT
  • Aug 2022
    Transcript
    Notes
    PPT