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

₹ 1,072 -1.96%
04 Oct - 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 - BE
  • Market Cap ₹ 4,182 Cr.
  • Current Price ₹ 1,072
  • High / Low ₹ 1,593 / 609
  • Stock P/E 109
  • Book Value ₹ 114
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE 7.00 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 9.41 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
24 50 46 61 41 56 61 65 48 61 64 80 84
18 35 34 44 30 42 47 48 38 46 52 67 59
Operating Profit 6 15 13 18 11 14 14 17 11 16 12 12 24
OPM % 25% 30% 28% 29% 28% 25% 23% 26% 22% 25% 19% 15% 29%
0 0 1 1 1 1 5 1 1 1 1 6 1
Interest 2 2 1 2 0 1 4 2 1 1 2 2 2
Depreciation 3 2 3 3 3 3 3 3 3 3 3 3 4
Profit before tax 1 11 10 14 9 12 13 13 8 12 8 12 20
Tax % 35% 25% 23% 28% 27% 30% 29% 8% 26% 28% 30% 21% 28%
1 8 8 10 7 8 9 12 6 9 6 10 14
EPS in Rs 0.33 2.07 1.97 2.64 1.81 2.17 2.50 2.76 1.54 2.42 1.71 2.56 3.81
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
154 147 143 183 222 254 289
111 107 99 130 165 200 224
Operating Profit 43 40 44 52 58 53 64
OPM % 28% 27% 31% 29% 26% 21% 22%
3 2 1 3 8 8 8
Interest 10 10 13 8 8 8 6
Depreciation 9 10 10 10 11 13 14
Profit before tax 27 22 23 37 47 40 52
Tax % 29% 10% 30% 26% 23% 26%
19 20 16 27 36 30 38
EPS in Rs 33.38 6.92 5.27 6.93 9.25 8.22 10.50
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 21%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 24%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 21%
1 Year: 48%
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
Equity Capital 6 28 30 39 39 39
Reserves 147 144 177 339 374 406
85 103 106 31 15 66
92 66 50 48 93 129
Total Liabilities 330 342 363 458 520 640
168 158 157 154 170 186
CWIP 3 5 1 0 5 4
Investments 0 0 1 4 12 22
159 180 204 300 335 427
Total Assets 330 342 363 458 520 640

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%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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%
4.36% 0.80% 0.23% 0.23% 0.81% 0.77% 0.53% 0.11% 0.56% 0.49% 0.13% 2.97%
7.60% 3.41% 2.63% 2.60% 2.33% 2.64% 2.57% 2.21% 2.72% 2.73% 2.75% 0.07%
29.10% 36.85% 38.20% 38.23% 37.93% 37.65% 37.95% 38.73% 37.79% 37.84% 38.18% 38.00%
No. of Shareholders 42,2082,34,4082,45,3242,40,3292,22,4452,29,0152,32,3672,39,9112,58,6132,53,4622,59,3352,96,501

* 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