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Last Updated: April 2, 2026, 4:05 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543367 | NSE: PARAS

Paras Defence and Space Technologies Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹549.74Overvalued by 13.97%vs CMP ₹639.00

P/E (69.3) × ROE (11.8%) × BV (₹84.00) × DY (0.04%)

₹243.04Overvalued by 61.97%vs CMP ₹639.00
MoS: -162.9% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹668.8923%Fair (+4.7%)
Graham NumberEarnings₹131.8617%Over (-79.4%)
Earnings PowerEarnings₹38.5411%Over (-94%)
DCFCash Flow₹222.0011%Over (-65.3%)
Net Asset ValueAssets₹84.037%Over (-86.8%)
EV/EBITDAEnterprise₹133.199%Over (-79.2%)
Earnings YieldEarnings₹92.007%Over (-85.6%)
ROCE CapitalReturns₹99.337%Over (-84.5%)
Revenue MultipleRevenue₹41.466%Over (-93.5%)
Consensus (9 models)₹243.04100%Overvalued
Key Drivers: Wide model spread (₹39–₹669) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.7%

*Investments are subject to market risks

Investment Snapshot

63
Paras Defence and Space Technologies Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health71/100 · Strong
ROCE 16.6% GoodROE 11.8% AverageD/E 0.56 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 53.2% Stable
Earnings Quality40/100 · Moderate
OPM stable around 26% SteadyWorking capital: 334 days Capital intensive
Quarterly Momentum90/100 · Strong
Revenue (4Q): +23% YoY AcceleratingProfit (4Q): +25% YoY Strong
Industry Rank60/100 · Moderate
P/E 69.3 vs industry 66.4 In-lineROCE 16.6% vs industry 22.6% Average3Y sales CAGR: 23% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Paras Defence and Space Technologies Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 69.3 vs Ind 66.4 | ROCE 16.6% | ROE 11.8% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.56x | IntCov 0.0x | Current 1.90x | Borrow/Reserve 0.04x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹65 Cr | CFO/NP N/A
Ownership Accumulation
-50
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.78 pp | DII -0.18 pp | Prom 0.00 pp
Business Momentum
-25
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -1.9% | Q NP -9.1% | Q OPM -3.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-62.0%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.78 ppLatest FII% minus previous FII%
DII Change-0.18 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,407Latest shareholder count minus previous count
Quarterly Sales Change-1.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-9.1%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-3.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:05 am

Market Cap 5,148 Cr.
Current Price 639
Intrinsic Value₹243.04
High / Low 972/401
Stock P/E69.3
Book Value 84.0
Dividend Yield0.04 %
ROCE16.6 %
ROE11.8 %
Face Value 5.00
PEG Ratio3.20

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Paras Defence and Space Technologies Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Paras Defence and Space Technologies Ltd 5,148 Cr. 639 972/40169.3 84.00.04 %16.6 %11.8 % 5.00
Apollo Micro Systems Ltd 6,993 Cr. 196 355/10171.8 30.30.13 %14.5 %10.2 % 1.00
DCX Systems Ltd 1,837 Cr. 165 364/15352.9 1050.00 %5.10 %3.14 % 2.00
Astra Microwave Products Ltd 8,518 Cr. 897 1,196/62953.1 1220.25 %18.7 %14.4 % 2.00
MTAR Technologies Ltd 11,085 Cr. 3,604 3,923/1,152163 2430.00 %10.5 %7.51 % 10.0
Industry Average62,347.73 Cr1,600.6466.40177.440.31%22.58%16.73%4.00

All Competitor Stocks of Paras Defence and Space Technologies Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6058456063657884829087103101
Expenses 45443444495453605967667274
Operating Profit 15141116141124242323223127
OPM % 25%24%24%27%22%17%31%28%28%25%25%30%27%
Other Income 6111161335333
Interest 4201121202010
Depreciation 3333333333444
Profit before tax 1410814101321212223212926
Tax % 27%9%24%25%27%18%25%26%25%25%25%24%24%
Net Profit 11961081016161717152220
EPS in Rs 1.351.140.791.290.971.322.032.002.062.111.912.762.42

Last Updated: February 3, 2026, 6:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 7:16 pm

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 48143154147133180214232334381
Expenses 3910211110790128158179237278
Operating Profit 84143404352565496103
OPM % 18%29%28%27%33%29%26%23%29%27%
Other Income 033213891214
Interest 4710101387683
Depreciation 27910101011121415
Profit before tax 3302722223647458798
Tax % 33%18%29%10%31%26%23%23%25%
Net Profit 2251920152736346574
EPS in Rs 2.0325.0816.703.522.533.454.614.398.079.20
Dividend Payout % 0%0%0%0%0%0%0%0%6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)1150.00%-24.00%5.26%-25.00%80.00%33.33%-5.56%91.18%
Change in YoY Net Profit Growth (%)0.00%-1174.00%29.26%-30.26%105.00%-46.67%-38.89%96.73%

Paras Defence and Space Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:18%
3 Years:23%
TTM:30%
Compounded Profit Growth
10 Years:%
5 Years:26%
3 Years:33%
TTM:47%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:24%
1 Year:7%
Return on Equity
10 Years:%
5 Years:10%
3 Years:10%
Last Year:12%

Last Updated: September 5, 2025, 2:16 pm

Balance Sheet

Last Updated: March 3, 2026, 12:28 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 56628303939394040
Reserves 27118147145177339374408603637
Borrowings 30668510310529-035127
Other Liabilities 33679266504890126187191
Total Liabilities 94257330342362454503608831895
Fixed Assets 42171168158157154158173178184
CWIP -0135104478
Investments 90001419313944
Other Assets 4384159179203296322400608658
Total Assets 94257330342362454503608831895

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -241349-1729
Cash from Investing Activity + -5-6-7710-20-78
Cash from Financing Activity + 8562-452378
Net Cash Flow 13-214-1428
Free Cash Flow -6-2728-42-1
CFO/OP 12%25%47%105%-11%48%

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-22.00-25.00-42.00-63.00-62.0023.0056.0019.0095.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8765197242261247247283308
Inventory Days 294204281304483299323476351
Days Payable 1871072321351006987196125
Cash Conversion Cycle 194162246412645477482563534
Working Capital Days 5734109164242335339366334
ROCE %30%17%13%12%12%13%11%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.94%58.94%58.94%58.94%58.94%58.94%58.94%57.05%57.05%53.74%53.20%53.20%
FIIs 0.53%0.11%0.56%0.49%0.13%2.97%3.46%4.84%5.24%6.85%5.70%4.92%
DIIs 2.57%2.21%2.72%2.73%2.75%0.07%0.63%1.48%1.54%1.94%1.46%1.28%
Public 37.95%38.73%37.79%37.84%38.18%38.00%36.96%36.61%36.16%37.46%39.64%40.61%
No. of Shareholders 2,32,3672,39,9112,58,6132,53,4622,59,3352,96,5013,04,2293,10,2943,10,8343,35,0753,70,5083,69,101

Shareholding Pattern Chart

No. of Shareholders

Paras Defence and Space Technologies Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Samco Multi Cap Fund 8,525 0.2 0.58N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 16.028.229.257.785.55
Diluted EPS (Rs.) 16.028.229.257.785.55
Cash EPS (Rs.) 18.9611.1412.149.628.52
Book Value[Excl.RevalReserv]/Share (Rs.) 148.44102.9395.2986.3355.23
Book Value[Incl.RevalReserv]/Share (Rs.) 158.82113.66106.0197.0669.24
Revenue From Operations / Share (Rs.) 90.5065.0057.0346.8148.01
PBDIT / Share (Rs.) 26.0915.2116.6614.0614.96
PBIT / Share (Rs.) 22.3811.7913.7711.3911.73
PBT / Share (Rs.) 20.7410.3912.059.387.57
Net Profit / Share (Rs.) 15.257.729.256.945.29
NP After MI And SOA / Share (Rs.) 15.758.229.246.935.27
PBDIT Margin (%) 28.8223.4029.2030.0331.16
PBIT Margin (%) 24.7318.1324.1324.3224.43
PBT Margin (%) 22.9115.9821.1120.0315.77
Net Profit Margin (%) 16.8511.8716.2114.8311.01
NP After MI And SOA Margin (%) 17.4012.6416.2114.8110.97
Return on Networth / Equity (%) 10.617.959.708.049.54
Return on Capital Employeed (%) 13.649.8012.2711.0613.64
Return On Assets (%) 7.455.016.925.904.33
Long Term Debt / Equity (X) 0.000.000.000.000.15
Total Debt / Equity (X) 0.030.160.030.090.56
Asset Turnover Ratio (%) 0.480.430.450.440.37
Current Ratio (X) 3.132.353.805.271.90
Quick Ratio (X) 2.341.472.684.091.20
Inventory Turnover Ratio (X) 2.421.041.251.090.88
Interest Coverage Ratio (X) 15.8710.919.677.003.60
Interest Coverage Ratio (Post Tax) (X) 10.286.536.374.462.27
Enterprise Value (Cr.) 3770.092438.851808.912395.350.00
EV / Net Operating Revenue (X) 10.349.628.1313.120.00
EV / EBITDA (X) 35.8641.1127.8443.690.00
MarketCap / Net Operating Revenue (X) 10.599.428.2513.360.00
Price / BV (X) 6.465.934.947.250.00
Price / Net Operating Revenue (X) 10.599.428.2513.360.00
EarningsYield 0.010.010.010.010.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Paras Defence and Space Technologies Ltd. is a Public Limited Listed company incorporated on 16/06/2009 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29253MH2009PLC193352 and registration number is 193352. Currently Company is involved in the business activities of Manufacture of other fabricated metal products. Company's Total Operating Revenue is Rs. 333.85 Cr. and Equity Capital is Rs. 40.29 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Aerospace & DefenseD-112, TTC Industrial Area, MIDC, Nerul, New Mumbai Maharashtra 400706Contact not found
Management
NamePosition Held
Mr. Sharad Virji ShahChairman, Non Ind & Non Exe Director
Mr. Munjal Sharad ShahManaging Director
Ms. Shilpa Amit MahajanWhole Time Director
Mr. Manmohan HandaInd. Non-Executive Director
Mr. Suresh KatyalInd. Non-Executive Director
Dr. Hina Amol GokhaleInd. Non-Executive Director

FAQ

What is the intrinsic value of Paras Defence and Space Technologies Ltd and is it undervalued?

As of 07 April 2026, Paras Defence and Space Technologies Ltd's intrinsic value is ₹243.04, which is 61.97% lower than the current market price of ₹639.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.8 %), book value (₹84.0), dividend yield (0.04 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Paras Defence and Space Technologies Ltd?

Paras Defence and Space Technologies Ltd is trading at ₹639.00 as of 07 April 2026, with a FY2026-2027 high of ₹972 and low of ₹401. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,148 Cr..

How does Paras Defence and Space Technologies Ltd's P/E ratio compare to its industry?

Paras Defence and Space Technologies Ltd has a P/E ratio of 69.3, which is above the industry average of 66.40. The premium over industry average may reflect growth expectations or speculative interest.

Is Paras Defence and Space Technologies Ltd financially healthy?

Key indicators for Paras Defence and Space Technologies Ltd: ROCE of 16.6 % indicates efficient capital utilization. Dividend yield is 0.04 %.

Is Paras Defence and Space Technologies Ltd profitable and how is the profit trend?

Paras Defence and Space Technologies Ltd reported a net profit of ₹65 Cr in Mar 2025 on revenue of ₹334 Cr. Compared to ₹27 Cr in Mar 2022, the net profit shows an improving trend.

Does Paras Defence and Space Technologies Ltd pay dividends?

Paras Defence and Space Technologies Ltd has a dividend yield of 0.04 % at the current price of ₹639.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Paras Defence and Space Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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