Arthneeti

Paras Defence and Space Technologies Q2 FY27 Share Price & Earnings Call Analysis

₹1,211.00-0.26% today
Market cap
₹9,759 Cr
P/E
95.55
ROE
12.38%
PEG
2.91
Price to sales
17.53
Debt to equity
0.04
52W high / low
₹1,527 / ₹585
Sales growth (5Y)
27.16%
EBITDA margin
26.09%
Net profit margin
18.00%
Promoter holding
53.20%
Sales (last year)
₹557 Cr

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]

Potential multibaggers · Q2 FY27

Potential multibaggers in Aerospace & Defense
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Paras Defence rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Aerospace & Defense companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹5,129 Cr193.7
240%+Up 0–2%₹1,098 Cr40.9
340%+Flat₹14,818 Cr106.9
440%+Flat₹14,300 Cr—
540%+Flat₹8,040 Cr91.2
640%+Flat₹7,979 Cr243.3

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Financials of Paras Defence

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Paras Defence

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +58.94%58.94%58.94%58.94%57.05%57.05%53.74%53.20%53.20%53.20%53.20%53.20%
FIIs +0.49%0.13%2.97%3.46%4.84%5.24%6.85%5.70%4.92%5.06%8.29%7.48%
DIIs +2.73%2.75%0.07%0.63%1.48%1.54%1.94%1.46%1.28%1.24%3.04%4.62%
Public +37.84%38.18%38.00%36.96%36.61%36.16%37.46%39.64%40.61%40.52%35.46%34.70%
No. of Shareholders2,53,4622,59,3352,96,5013,04,2293,10,2943,10,8343,35,0753,70,5083,69,1013,76,8133,36,4423,43,483

Financials of Paras Defence

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +61648084878610893106106171128151
Expenses +4652675964648071768012996107
Operating Profit16121224232228223026433245
OPM %25%19%15%29%26%26%26%23%28%25%25%25%29%
Other Income +11612242221222
Interest1222312111211
Depreciation3334444444445
Profit before tax1281220181927192723482841
Tax %28%30%21%28%30%28%22%27%27%27%20%26%25%
Net Profit +961014131421141917392131
EPS in Rs1.210.851.281.901.781.872.451.842.562.264.272.633.76

Financials of Paras Defence

Profit & Loss

Annual income statement trend

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +154147143183222254365477557
Expenses +11110799130165200265354411
Operating Profit434044525853100122145
OPM %28%27%31%29%26%21%27%26%26%
Other Income +32138881918
Interest101013888975
Depreciation91010101113151718
Profit before tax27222337474084118140
Tax %29%10%30%26%23%26%26%24%
Net Profit +1920162736306189107
EPS in Rs3.333.462.633.474.624.117.8710.9312.92
Dividend Payout %0%0%0%0%0%0%6%5%

Financials of Paras Defence

Balance Sheet

Capital structure and asset base

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital62830393939404040
Reserves147144177339374406600685730
Borrowings +85103106311566242731
Other Liabilities +9266504893129188212290
Total Liabilities3303423634585206408529641,091
Fixed Assets +168158157154170186190191227
CWIP35105411168
Investments00141222283333
Other Assets +159180204300335427623725822
Total Assets3303423634585206408529641,091

Financials of Paras Defence

Cash Flows

Operating, investing and financing cash movement

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-341246-464525
Cash from Investing Activity +-5-6-7710-2-87-17
Cash from Financing Activity +9563-413374-17
Net Cash Flow13-215-1431-9
Free Cash Flow-7-1622-7110-10
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit11%25%44%96%-63%63%48%

Financials of Paras Defence

Ratios

Working capital efficiency and return ratios

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days197242242246246285295278
Inventory Days281303418297324455323244
Days Payable23213686689018511788
Cash Conversion Cycle246410573475479555501435
Working Capital Days109162223330315315297273
ROCE %13%12%12%13%10%16%17%
42out of 100

Momentum score · price trend

42 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+71.3%90%
Last 6 months+55.2%91%
Last 3 months−6.0%55%

The price is 20.5% below its all-time high of ₹1,527.3 (18 Aug 2026). Stocks more than 20% below their peak have their score halved, so 84 became 42.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Paras Defence: 0.4 × 90 + 0.4 × 91 + 0.2 × 55 = 84, halved to 42 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Paras Defence's management said in earlier quarters

Others in Aerospace & Defense this season

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  • Bharat Electron (Q2 FY27)

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  • Krishna Defence (Q2 FY27)

    Year-on-year (YoY) growth: 55.7% (Q2 FY27 vs Q2 FY26) . Key investor presentation takeaways from Krishna Defence & Allied Industries Ltd's Q2 FY27 investor pres

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