Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Paras Defence and Space Technologies Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 65 | 48 | 61 | 64 | 80 | 84 | 87 | 86 | 108 | 93 | 106 | 106 | 171 |
| Expenses + | 48 | 38 | 46 | 52 | 67 | 59 | 64 | 64 | 80 | 71 | 76 | 80 | 129 |
| Operating Profit | 17 | 11 | 16 | 12 | 12 | 24 | 23 | 22 | 28 | 22 | 30 | 26 | 43 |
| OPM % | 26% | 22% | 25% | 19% | 15% | 29% | 26% | 26% | 26% | 23% | 28% | 25% | 25% |
| Other Income + | 1 | 1 | 1 | 1 | 6 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 12 |
| Interest | 2 | 1 | 1 | 2 | 2 | 2 | 3 | 1 | 2 | 1 | 1 | 1 | 2 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 13 | 8 | 12 | 8 | 12 | 20 | 18 | 19 | 27 | 19 | 27 | 23 | 48 |
| Tax % | 8% | 26% | 28% | 30% | 21% | 28% | 30% | 28% | 22% | 27% | 27% | 27% | 20% |
| Net Profit + | 12 | 6 | 9 | 6 | 10 | 14 | 13 | 14 | 21 | 14 | 19 | 17 | 39 |
| EPS in Rs | 1.38 | 0.77 | 1.21 | 0.85 | 1.28 | 1.90 | 1.78 | 1.87 | 2.45 | 1.84 | 2.56 | 2.26 | 4.27 |
Financials of Paras Defence and Space Technologies Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 154 | 147 | 143 | 183 | 222 | 254 | 365 | 477 |
| Expenses + | 111 | 107 | 99 | 130 | 165 | 200 | 265 | 356 |
| Operating Profit | 43 | 40 | 44 | 52 | 58 | 53 | 100 | 120 |
| OPM % | 28% | 27% | 31% | 29% | 26% | 21% | 27% | 25% |
| Other Income + | 3 | 2 | 1 | 3 | 8 | 8 | 8 | 19 |
| Interest | 10 | 10 | 13 | 8 | 8 | 8 | 9 | 5 |
| Depreciation | 9 | 10 | 10 | 10 | 11 | 13 | 15 | 17 |
| Profit before tax | 27 | 22 | 23 | 37 | 47 | 40 | 84 | 118 |
| Tax % | 29% | 10% | 30% | 26% | 23% | 26% | 26% | 24% |
| Net Profit + | 19 | 20 | 16 | 27 | 36 | 30 | 61 | 89 |
| EPS in Rs | 16.64 | 3.46 | 2.63 | 3.47 | 4.62 | 4.11 | 7.87 | 10.93 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 6% | 9% |
Financials of Paras Defence and Space Technologies Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 28 | 30 | 39 | 39 | 39 | 40 | 40 |
| Reserves | 147 | 144 | 177 | 339 | 374 | 406 | 600 | 685 |
| Borrowings + | 85 | 103 | 106 | 31 | 15 | 66 | 24 | 27 |
| Other Liabilities + | 92 | 66 | 50 | 48 | 93 | 129 | 188 | 212 |
| Total Liabilities | 330 | 342 | 363 | 458 | 520 | 640 | 852 | 965 |
| Fixed Assets + | 168 | 158 | 157 | 154 | 170 | 186 | 190 | 198 |
| CWIP | 3 | 5 | 1 | 0 | 5 | 4 | 11 | 9 |
| Investments | 0 | 0 | 1 | 4 | 12 | 22 | 28 | 33 |
| Other Assets + | 159 | 180 | 204 | 300 | 335 | 427 | 623 | 725 |
| Total Assets | 330 | 342 | 363 | 458 | 520 | 640 | 852 | 965 |
Financials of Paras Defence and Space Technologies Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -3 | 4 | 12 | 46 | -46 | 45 | 25 | |
| Cash from Investing Activity + | -5 | -6 | -77 | 10 | -2 | -87 | -17 | |
| Cash from Financing Activity + | 9 | 5 | 63 | -41 | 33 | 74 | -17 | |
| Net Cash Flow | 1 | 3 | -2 | 15 | -14 | 31 | -9 | |
| Free Cash Flow | -7 | -1 | 6 | 22 | -71 | 10 | -10 | |
| CFO/OP | 11% | 25% | 44% | 96% | -63% | 63% | 48% |
Financials of Paras Defence and Space Technologies Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 197 | 242 | 242 | 246 | 246 | 285 | 295 | 278 |
| Inventory Days | 281 | 303 | 418 | 297 | 324 | 455 | 323 | 244 |
| Days Payable | 232 | 136 | 86 | 68 | 90 | 185 | 117 | 88 |
| Cash Conversion Cycle | 246 | 410 | 573 | 475 | 479 | 555 | 501 | 435 |
| Working Capital Days | 109 | 162 | 223 | 330 | 315 | 315 | 297 | 273 |
| ROCE % | 13% | 12% | 12% | 13% | 10% | 16% | 17% |
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