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Paras Defence & Space

Defence optics + space payloads + drone JVs. Only Indian company with large-aperture optics capability. Small but strategic.

Order book · ~₹900 Cr order book; optics + anti-drone JV ramp

Hold
₹1,208
Mkt cap ₹9.7K Cr
P/E
113.0x
P/B
13.4x
ROCE
16.9%
ROE
12.6%
Div yield
0.02%
52W high
₹1,445
52W low
₹580
Promoter
53.2%
Score bridge (derived from real data)
Fundamental
72
Valuation
22
Technical
90
Moat (curated)
68

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹580now ₹1,208₹1,445
73/100
Technical rating A+
Price · 2 years · SMA 50/200 · as of 2026-07-20
Strong UpMACD BearishGolden cross
RSI-14
RSI-14
51
vs SMA-50
13.0%
vs SMA-200
53.1%
1Y return
55.7%
Ann. vol
50%
Max DD 1Y
-28%
Annual trend · sales, PAT, OPM
Quarterly run-rate

Financial statements

Source: Screener.in
Sales 3Y CAGR
29.0%
PAT 3Y CAGR
35.2%
OPM (latest)
25.0%
PAT margin
18.7%
D / E
0.04x
CFO / PAT
0.28x
EV / EBITDA
81.3x
FCF yield
0.1%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—21.3%14.4%43.7%30.7%
PAT growth YoY %—33.3%-16.7%103.3%45.9%
OPM %29%26%21%27%25%
PAT margin %14.8%16.2%11.8%16.7%18.7%
ROE % (PAT / net worth)7.1%8.7%6.7%9.5%12.3%
D / E (x)0.080.040.150.040.04
Asset turnover (x)0.400.430.400.430.49
CFO / PAT (x)1.70-1.281.500.41—
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales183222254365477
Operating profit525853100120
OPM %29%26%21%27%25%
Net profit2736306189
EPS ₹3.474.624.117.8710.93
Quarterly · ₹ Cr
Dec 2024Mar 2025Jun 2025Sep 2025
Sales8610893106
OPM %26%26%23%28%
PAT14211419
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity3939394040
Reserves339374406600685
Borrowings3115662427
Total assets458520640852965
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025
Operating46-464525
Investing10-2-87-17
Financing-413374-17
Shareholding
Promoters
53.2%
FII
8.3%
DII
3.0%
Public
35.5%
Mkt cap
₹9.7K Cr
P/E
113.0x
52W range
₹580–1,445