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Paras Defence & Space Technologies Ltd.
(PARAS)
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Rating:66Neutral
Price Target:
₹1,430.00
▲(19.59% Upside)
Action:Reiterated
Date:08/19/26
The score is led by solid financial fundamentals (growth and profitability) and a strong, low-leverage balance sheet, plus bullish price momentum. Offsetting these positives are weak and volatile cash-flow conversion and a very high P/E valuation, which increases sensitivity to any earnings or cash-flow disappointment.
Positive Factors
Strong revenue and EPS growth
Robust revenue and earnings growth indicates expanding demand for the company’s defence and space products, while improving profit delivery suggests operating scale. If sustained, this growth can strengthen customer relationships, support reinvestment, and enhance the company’s position in strategic programs.
Negative Factors
Uneven cash conversion
Weak and uneven conversion of earnings into cash can increase reliance on working-capital movements or external funding during expansion. Negative recent free cash flow may also constrain reinvestment flexibility and make reported profitability less dependable as a measure of financial strength.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and EPS growth
Robust revenue and earnings growth indicates expanding demand for the company’s defence and space products, while improving profit delivery suggests operating scale. If sustained, this growth can strengthen customer relationships, support reinvestment, and enhance the company’s position in strategic programs.
Read all positive factors
Paras Defence & Space Technologies Ltd. (PARAS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹106.71B
Dividend Yield0.08%
Average Volume (3M)61.35K
Price to Earnings (P/E)109.7
Beta (1Y)2.12
Revenue Growth36.61%
EPS Growth47.63%
CountryIN
Employees617
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)11.72
Shares Outstanding80,587,330
10 Day Avg. Volume36,843
30 Day Avg. Volume61,348
Financial Highlights & Ratios
PEG Ratio1.49
Price to Book (P/B)6.61
Price to Sales (P/S)10.07
P/FCF Ratio-514.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)14.15
Revenue Forecast (FY)₹6.20B
Paras Defence & Space Technologies Ltd. Business Overview & Revenue Model
Company Description
Paras Defence and Space Technologies Limited is an Indian-based specialist firm with an international presence, dedicated to the design, development, production, and rigorous testing of advanced engineering products and integrated solutions for th...
How the Company Makes Money
PARAS makes money by executing contracts to design, manufacture, and supply defence and space-related products, sub-systems, and precision-engineered components. Revenue is primarily generated from (1) sale of manufactured products and sub-systems...
Paras Defence & Space Technologies Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.11B | 4.77B | 3.65B | 2.53B | 2.22B | 1.83B |
| Gross Profit | 2.25B | 1.74B | 1.94B | 691.21M | 704.98M | 826.14M |
| EBITDA | 1.49B | 1.22B | 972.10M | 573.74M | 659.99M | 530.65M |
| Net Income | 944.50M | 881.00M | 634.70M | 320.60M | 360.70M | 270.43M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 9.65B | 8.52B | 6.40B | 5.21B | 4.58B |
| Cash, Cash Equivalents and Short-Term Investments | 1.19B | 1.19B | 1.13B | 29.82M | 321.07M | 691.90M |
| Total Debt | 0.00 | 270.60M | 240.20M | 658.04M | 146.30M | 310.80M |
| Total Liabilities | -7.25B | 2.40B | 2.15B | 1.96B | 1.07B | 791.47M |
| Stockholders Equity | 7.25B | 7.25B | 6.40B | 4.45B | 4.13B | 3.78B |
Cash Flow | ||||||
| Free Cash Flow | -393.10M | -93.20M | 95.90M | -715.49M | 263.10M | 29.06M |
| Operating Cash Flow | -140.90M | 284.60M | 448.20M | -455.60M | 495.00M | 115.11M |
| Investing Cash Flow | -282.70M | -244.10M | -869.90M | -16.85M | 95.20M | -771.06M |
| Financing Cash Flow | 179.10M | 63.80M | 736.60M | 331.04M | -450.90M | 630.98M |
Paras Defence & Space Technologies Ltd. Technical Analysis
Negative
1195.80
Price Trends
1367.58
Negative
1233.38
Positive
961.83
Positive
Market Momentum
-27.02
Positive
41.54
Neutral
26.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PARAS, the sentiment is Negative. The current price of 1195.8 is below the 20-day moving average (MA) of 1359.60, below the 50-day MA of 1367.58, and above the 200-day MA of 961.83, indicating a neutral trend. The MACD of -27.02 indicates Positive momentum. The RSI at 41.54 is Neutral, neither overbought nor oversold. The STOCH value of 26.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PARAS.
Paras Defence & Space Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹240.76B | 88.45 | ― | 0.24% | 33.81% | 24.90% | |
68 Neutral | ₹2.83T | 45.04 | ― | 0.66% | 19.83% | 11.75% | |
66 Neutral | ₹106.71B | 109.74 | ― | 0.08% | 36.61% | 47.63% | |
63 Neutral | ₹95.00B | 130.97 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹151.59B | 119.87 | ― | 0.06% | 69.08% | 57.44% | |
44 Neutral | ₹17.88B | -85.80 | ― | ― | -46.54% | -151.08% |
* General Sector Average
IN:PARAS
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Paras Defence & Space Technologies Ltd. Corporate Events
Paras Defence Publishes Unaudited Q1 FY27 Results and Boosts Disclosure Compliance
Aug 8, 2026
Paras Defence Space Technologies Ltd., a listed player in India’s defence and space technology industry, provides specialised systems and solutions for defence and aerospace applications to institutional and government clients. The company ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.