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

Q: 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 801.00 as of 27 April 2026, with a FY2026-2027 high of 972 and low of 524. The stock is currently in the middle of its 52-week range. Market cap stands at 6,451 Cr..

Q: Is Paras Defence and Space Technologies Ltd financially healthy?

Key indicators: ROCE of 16.6 % indicates efficient capital utilization. Dividend yield is 0.03 %.

Fair Value

₹689.29Overvalued by 13.95%vs CMP ₹801.00

P/E (86.9) × ROE (11.8%) × BV (₹84.00) × DY (0.03%)

₹282.73Overvalued by 64.70%vs CMP ₹801.00

MoS: -183.3% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹838.68	23%	Fair (+4.7%)
Graham Number	Earnings	₹131.86	17%	Over (-83.5%)
Earnings Power	Earnings	₹38.55	11%	Over (-95.2%)
DCF	Cash Flow	₹222.08	11%	Over (-72.3%)
Net Asset Value	Assets	₹84.06	7%	Over (-89.5%)
EV/EBITDA	Enterprise	₹133.23	9%	Over (-83.4%)
Earnings Yield	Earnings	₹92.00	7%	Over (-88.5%)
ROCE Capital	Returns	₹99.36	7%	Over (-87.6%)
Revenue Multiple	Revenue	₹41.47	6%	Over (-94.8%)
Consensus (9 models)		₹282.73	100%	Overvalued

Key Drivers: Wide model spread (₹39–₹839) — 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

Analyst Summary

Paras Defence and Space Technologies Ltd operates in the Aerospace & Defense segment, NSE: PARAS | BSE: 543367, current market price is ₹801.00, market cap is 6,451 Cr.. At a glance, stock P/E is 86.9, ROE is 11.8 %, ROCE is 16.6 %, book value is 84.0, dividend yield is 0.03 %. The latest intrinsic value estimate is ₹282.73, around 64.7% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹334 Cr versus the prior period change of 44.0%, while latest net profit is about ₹65 Cr with a prior-period change of 91.2%. The 52-week range shown on this page is 972/524, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisParas 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 Identifica…

This summary is generated from the stock page data available for Paras Defence and Space Technologies Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

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 86.9 vs industry 85.2 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.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 12:45 am

Market Cap	6,451 Cr.
Current Price	801
Intrinsic Value	₹282.73
High / Low	972/524
Stock P/E	86.9
Book Value	84.0
Dividend Yield	0.03 %
ROCE	16.6 %
ROE	11.8 %
Face Value	5.00
PEG Ratio	4.01

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

Stock P/E Current Price Intrinsic Value

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	6,451 Cr.	801	972/524	86.9	84.0	0.03 %	16.6 %	11.8 %	5.00
Apollo Micro Systems Ltd	10,144 Cr.	284	355/110	104	30.3	0.09 %	14.5 %	10.2 %	1.00
Astra Microwave Products Ltd	10,669 Cr.	1,124	1,196/775	66.5	122	0.20 %	18.7 %	14.4 %	2.00
DCX Systems Ltd	2,158 Cr.	194	364/153	62.1	105	0.00 %	5.10 %	3.14 %	2.00
Zen Technologies Ltd	15,118 Cr.	1,674	2,268/1,223	70.0	195	0.12 %	32.9 %	24.6 %	1.00
Industry Average	70,695.91 Cr	2,025.73		85.19	177.44	0.27%	22.58%	16.73%	4.00

All Competitor Stocks of Paras Defence and Space Technologies Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	60	58	45	60	63	65	78	84	82	90	87	103	101
Expenses	45	44	34	44	49	54	53	60	59	67	66	72	74
Operating Profit	15	14	11	16	14	11	24	24	23	23	22	31	27
OPM %	25%	24%	24%	27%	22%	17%	31%	28%	28%	25%	25%	30%	27%
Other Income	6	1	1	1	1	6	1	3	3	5	3	3	3
Interest	4	2	0	1	1	2	1	2	0	2	0	1	0
Depreciation	3	3	3	3	3	3	3	3	3	3	4	4	4
Profit before tax	14	10	8	14	10	13	21	21	22	23	21	29	26
Tax %	27%	9%	24%	25%	27%	18%	25%	26%	25%	25%	25%	24%	24%
Net Profit	11	9	6	10	8	10	16	16	17	17	15	22	20
EPS in Rs	1.35	1.14	0.79	1.29	0.97	1.32	2.03	2.00	2.06	2.11	1.91	2.76	2.42

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	48	143	154	147	133	180	214	232	334	381
Expenses	39	102	111	107	90	128	158	179	237	278
Operating Profit	8	41	43	40	43	52	56	54	96	103
OPM %	18%	29%	28%	27%	33%	29%	26%	23%	29%	27%
Other Income	0	3	3	2	1	3	8	9	12	14
Interest	4	7	10	10	13	8	7	6	8	3
Depreciation	2	7	9	10	10	10	11	12	14	15
Profit before tax	3	30	27	22	22	36	47	45	87	98
Tax %	33%	18%	29%	10%	31%	26%	23%	23%	25%
Net Profit	2	25	19	20	15	27	36	34	65	74
EPS in Rs	2.03	25.08	16.70	3.52	2.53	3.45	4.61	4.39	8.07	9.20
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	5	6	6	28	30	39	39	39	40	40
Reserves	27	118	147	145	177	339	374	408	603	637
Borrowings	30	66	85	103	105	29	-0	35	1	27
Other Liabilities	33	67	92	66	50	48	90	126	187	191
Total Liabilities	94	257	330	342	362	454	503	608	831	895
Fixed Assets	42	171	168	158	157	154	158	173	178	184
CWIP	-0	1	3	5	1	0	4	4	7	8
Investments	9	0	0	0	1	4	19	31	39	44
Other Assets	43	84	159	179	203	296	322	400	608	658
Total Assets	94	257	330	342	362	454	503	608	831	895

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-2	4	13	49	-17	29
Cash from Investing Activity +	-5	-6	-77	10	-20	-78
Cash from Financing Activity +	8	5	62	-45	23	78
Net Cash Flow	1	3	-2	14	-14	28
Free Cash Flow	-6	-2	7	28	-42	-1
CFO/OP	12%	25%	47%	105%	-11%	48%

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-22.00	-25.00	-42.00	-63.00	-62.00	23.00	56.00	19.00	95.00

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

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	87	65	197	242	261	247	247	283	308
Inventory Days	294	204	281	304	483	299	323	476	351
Days Payable	187	107	232	135	100	69	87	196	125
Cash Conversion Cycle	194	162	246	412	645	477	482	563	534
Working Capital Days	57	34	109	164	242	335	339	366	334
ROCE %		30%	17%	13%	12%	12%	13%	11%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	2,32,367	2,39,911	2,58,613	2,53,462	2,59,335	2,96,501	3,04,229	3,10,294	3,10,834	3,35,075	3,70,508	3,69,101

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Samco Multi Cap Fund	8,525	0.2	0.58	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	16.02	8.22	9.25	7.78	5.55
Diluted EPS (Rs.)	16.02	8.22	9.25	7.78	5.55
Cash EPS (Rs.)	18.96	11.14	12.14	9.62	8.52
Book Value[Excl.RevalReserv]/Share (Rs.)	148.44	102.93	95.29	86.33	55.23
Book Value[Incl.RevalReserv]/Share (Rs.)	158.82	113.66	106.01	97.06	69.24
Revenue From Operations / Share (Rs.)	90.50	65.00	57.03	46.81	48.01
PBDIT / Share (Rs.)	26.09	15.21	16.66	14.06	14.96
PBIT / Share (Rs.)	22.38	11.79	13.77	11.39	11.73
PBT / Share (Rs.)	20.74	10.39	12.05	9.38	7.57
Net Profit / Share (Rs.)	15.25	7.72	9.25	6.94	5.29
NP After MI And SOA / Share (Rs.)	15.75	8.22	9.24	6.93	5.27
PBDIT Margin (%)	28.82	23.40	29.20	30.03	31.16
PBIT Margin (%)	24.73	18.13	24.13	24.32	24.43
PBT Margin (%)	22.91	15.98	21.11	20.03	15.77
Net Profit Margin (%)	16.85	11.87	16.21	14.83	11.01
NP After MI And SOA Margin (%)	17.40	12.64	16.21	14.81	10.97
Return on Networth / Equity (%)	10.61	7.95	9.70	8.04	9.54
Return on Capital Employeed (%)	13.64	9.80	12.27	11.06	13.64
Return On Assets (%)	7.45	5.01	6.92	5.90	4.33
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.00	0.15
Total Debt / Equity (X)	0.03	0.16	0.03	0.09	0.56
Asset Turnover Ratio (%)	0.48	0.43	0.45	0.44	0.37
Current Ratio (X)	3.13	2.35	3.80	5.27	1.90
Quick Ratio (X)	2.34	1.47	2.68	4.09	1.20
Inventory Turnover Ratio (X)	2.42	1.04	1.25	1.09	0.88
Interest Coverage Ratio (X)	15.87	10.91	9.67	7.00	3.60
Interest Coverage Ratio (Post Tax) (X)	10.28	6.53	6.37	4.46	2.27
Enterprise Value (Cr.)	3770.09	2438.85	1808.91	2395.35	0.00
EV / Net Operating Revenue (X)	10.34	9.62	8.13	13.12	0.00
EV / EBITDA (X)	35.86	41.11	27.84	43.69	0.00
MarketCap / Net Operating Revenue (X)	10.59	9.42	8.25	13.36	0.00
Price / BV (X)	6.46	5.93	4.94	7.25	0.00
Price / Net Operating Revenue (X)	10.59	9.42	8.25	13.36	0.00
EarningsYield	0.01	0.01	0.01	0.01	0.00

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.

INDUSTRY	ADDRESS	CONTACT
Aerospace & Defense	D-112, TTC Industrial Area, MIDC, Nerul, New Mumbai Maharashtra 400706	Contact not found

Management
Name	Position Held
Mr. Sharad Virji Shah	Chairman, Non Ind & Non Exe Director
Mr. Munjal Sharad Shah	Managing Director
Ms. Shilpa Amit Mahajan	Whole Time Director
Mr. Manmohan Handa	Ind. Non-Executive Director
Mr. Suresh Katyal	Ind. Non-Executive Director
Dr. Hina Amol Gokhale	Ind. Non-Executive Director

FAQ

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

As of 27 April 2026, Paras Defence and Space Technologies Ltd's intrinsic value is ₹282.73, which is 64.70% lower than the current market price of ₹801.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.8 %), book value (₹84.0), dividend yield (0.03 %), 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 ₹801.00 as of 27 April 2026, with a FY2026-2027 high of ₹972 and low of ₹524. The stock is currently in the middle of its 52-week range. Market cap stands at ₹6,451 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 86.9, which is above the industry average of 85.19. 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 0.03 %.

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 0.03 % at the current price of ₹801.00. The company pays dividends, though the yield is modest.