Paras Defence and Space Technologies Ltd
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]
- Market Cap ₹ 5,504 Cr.
- Current Price ₹ 1,365
- High / Low ₹ 1,593 / 682
- Stock P/E 110
- Book Value ₹ 117
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 7.00 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 11.6 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 8.33% over last 3 years.
- Company has high debtors of 285 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 BSE Allcap BSE Industrials BSE SmallCap Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 154 | 147 | 143 | 183 | 222 | 254 | 336 | |
| 111 | 107 | 99 | 130 | 165 | 200 | 255 | |
| Operating Profit | 43 | 40 | 44 | 52 | 58 | 53 | 81 |
| OPM % | 28% | 27% | 31% | 29% | 26% | 21% | 24% |
| 3 | 2 | 1 | 3 | 8 | 8 | 9 | |
| Interest | 10 | 10 | 13 | 8 | 8 | 8 | 7 |
| Depreciation | 9 | 10 | 10 | 10 | 11 | 13 | 15 |
| Profit before tax | 27 | 22 | 23 | 37 | 47 | 40 | 69 |
| Tax % | 29% | 10% | 30% | 26% | 23% | 26% | |
| 19 | 20 | 16 | 27 | 36 | 30 | 50 | |
| EPS in Rs | 33.38 | 6.92 | 5.27 | 6.93 | 9.25 | 8.22 | 13.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 21% |
| TTM: | 41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 24% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| 1 Year: | 87% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 28 | 30 | 39 | 39 | 39 | 39 |
| Reserves | 147 | 144 | 177 | 339 | 374 | 406 | 434 |
| 85 | 103 | 106 | 31 | 15 | 66 | 69 | |
| 92 | 66 | 50 | 48 | 93 | 129 | 151 | |
| Total Liabilities | 330 | 342 | 363 | 458 | 520 | 640 | 693 |
| 168 | 158 | 157 | 154 | 170 | 186 | 183 | |
| CWIP | 3 | 5 | 1 | 0 | 5 | 4 | 10 |
| Investments | 0 | 0 | 1 | 4 | 12 | 22 | 18 |
| 159 | 180 | 204 | 300 | 335 | 427 | 482 | |
| Total Assets | 330 | 342 | 363 | 458 | 520 | 640 | 693 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -3 | 4 | 12 | 46 | -46 | ||
| -5 | -6 | -77 | 10 | -2 | ||
| 9 | 5 | 63 | -41 | 33 | ||
| Net Cash Flow | 1 | 3 | -2 | 15 | -14 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 197 | 242 | 242 | 246 | 246 | 285 |
| Inventory Days | 281 | 303 | 418 | 297 | 324 | 455 |
| Days Payable | 232 | 136 | 86 | 68 | 90 | 185 |
| Cash Conversion Cycle | 246 | 410 | 573 | 475 | 479 | 555 |
| Working Capital Days | 198 | 312 | 428 | 392 | 337 | 407 |
| ROCE % | 13% | 12% | 12% | 13% | 10% |
Documents
Announcements
-
Appointment Of Secretarial Auditors
36m - Approved FY25 audited results; proposed 1:2 share split; recommended Rs.0.50 final dividend; secretarial auditor appointed.
-
Corporate Action-Intimation of Sub division / Stock Split
41m - Approved FY25 audited results; proposed 2-for-1 share split; recommended Rs0.50 final dividend; appointed secretarial auditors.
-
Announcement under Regulation 30 (LODR)-Dividend Updates
51m - Approved FY25 audited results; proposed 1:2 share split; recommended Rs0.50 dividend; appointed secretarial auditors.
-
Standalone And Consolidated Audited Financial Results For The Quarter And Financial Year Ended March 31, 2025
1h - Approved FY25 audited results; proposed 1:2 share split; recommended Rs0.50 final dividend; appointed secretarial auditors.
-
Board Meeting Outcome for Board Meeting Outcome For Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2025 And Other Items, As Enclosed
1h - Approved FY25 audited results; proposed 1:2 share split; recommended Rs.0.50 final dividend; appointed secretarial auditors.
India’s Leading Defense Company
The company is one of India’s leading players in the defense and space sector. It is the sole Indian supplier of critical imaging components for space applications including large-size optics and diffractive gratings. [1] [2]