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 ₹ 3,761 Cr.
- Current Price ₹ 933
- High / Low ₹ 1,593 / 666
- Stock P/E 74.8
- 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 7.95 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.89%
- 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 Nifty Microcap 250 Nifty Total Market BSE SmallCap
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: | 9% |
1 Year: | 33% |
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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Certificate under Regulation 74(5) for Q1 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
3 Apr - Paras Defence signs MoU with MicroCon for drone technology.
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
2 Apr - Signing of MoU with MicroCon Vision Ltd.
-
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
28 Mar - Divestment of 58.02% stake in Ayatti Innovative Private Limited.
-
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
27 Mar - Divestment of 100% stake in Paras Green UAV Private Limited.
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]