Is Paras Defence And Space Technologies a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Paras Defence And Space Technologies Ltd is a average quality company .

Is Paras Defence And Space Technologies undervalued or overvalued?

The key valuation ratios of Paras Defence And Space Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Paras Defence And Space Technologies share price return in the past 10 years?

Data is not available for this company

Is Paras Defence And Space Technologies a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Paras Defence And Space Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Paras Defence And Space Technologies?

The latest standalone P/E ratio of Paras Defence And Space Technologies as of 07-Nov-2024 is 86.27.

What is the P/B ratio of Paras Defence And Space Technologies?

The latest standalone P/B ratio of Paras Defence And Space Technologies as of 07-Nov-2024 is 7.46.

What is the 52-week high and low of Paras Defence And Space Technologies?

The 52-week high of Paras Defence And Space Technologies is Rs. 1592.75 and the 52-week low is Rs. 608.75.

Paras Defence And Space Technologies Ltd - Stock Valuation and Financial Performance

Name: Paras Defence And Space Technologies
Brand: Paras Defence And Space Technologies

BSE: 543367 | NSE: PARAS | Defence | Small Cap

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Paras Defence &Space Share Price

₹1,057.40 -15.80 -1.47%
as on 07-Nov'24 00:00

10 Year X-Ray of Paras Defence &Space:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	25.5%	21.3%	15%	13.9%	14.1%	14.6%	12.6%	-
Value Creation Index ⓘ	0.8	0.5	0.1	0.0	0.0	0.1	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	143	154	147	133	180	214	232	290
Sales YoY Gr.	-	7.9%	-5.1%	-9.4%	35.5%	19%	8.5%	-
Adj EPS ⓘ	8.8	6.4	7.2	5.1	6.9	9.3	8.8	12.3
YoY Gr.	-	-27.2%	11.5%	-28.5%	35.4%	34.3%	-5.3%	-
BVPS (₹) ⓘ	29.4	38.9	46.2	55.1	86.1	95.2	103.8	141.7
Adj Net Profit ⓘ	24.6	18.2	20.3	15.3	27	36.2	34.3	49
Cash Flow from Ops. ⓘ	42.2	-12	-2.2	3.7	12.8	49.5	-17.2	-
Debt/CF from Ops. ⓘ	1.6	-7.1	-47.8	28.4	2.3	0	-2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	8.5%	20.5%	8.5%
Adj EPS ⓘ	NA	6.5%	19.9%	-5.3%
BVPSⓘ	NA	21.7%	23.5%	9%
Share Price	-	-	10.9%	48%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.8	13.2	12.5	8	9.3	9.2	8	10
Op. Profit Mgn % ⓘ	28.8	28.1	27.5	32.8	29	26.4	23	25.1
Net Profit Mgn % ⓘ	17.2	11.8	13.9	11.5	15	16.9	14.8	17.1
Debt to Equity ⓘ	0.8	0.8	0.8	0.6	0.1	0	0.1	0
Working Cap Days ⓘ	0	282	410	500	418	430	531	253
Cash Conv. Cycle ⓘ	0	132	237	364	317	313	349	159

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.00%

Sales growth is growing at healthy rate in last 3 years 20.51%

Net Profit is growing at healthy rate in last 3 years 19.86%

Sales growth is good in last 4 quarters at 32.70%

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Latest Financials - Paras Defence And Space Technologies Ltd.

	Standalone	Consolidated
TTM EPS (₹)	12.3	11.3
TTM Sales (₹ Cr.)	290	315
BVPS (₹.) ⓘ	141.7	140.6
Reserves (₹ Cr.) ⓘ	531	526
P/BV ⓘ	7.46	7.52
PE ⓘ	86.27	93.97

From the Market
52 Week Low / High (₹)	608.75 / 1592.75
All Time Low / High (₹)	447.10 / 1592.75
Market Cap (₹ Cr.)	4,261
Equity (₹ Cr.)	40.3
Face Value (₹)	10
Industry PE ⓘ	39.7

Management X-Ray of Paras Defence &Space:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Paras Defence &Space

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Paras Defence &Space

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	143	154	147	133	180	214	232
Operating Expenses ⓘ	102	111	107	90	128	158	179
Manufacturing Costs	7	7	10	13	18	13	19
Material Costs	78	84	72	56	81	103	108
Employee Cost	7	9	11	12	14	20	27
Other Costs ⓘ	10	11	14	9	14	21	25
Operating Profit ⓘ	41	43	40	43	52	56	53
Operating Profit Margin (%)	28.8%	28.0%	27.2%	32.6%	28.9%	26.2%	22.9%
Other Income ⓘ	3	3	2	1	3	8	10
Interest ⓘ	7	10	10	13	8	7	6
Depreciation ⓘ	7	9	10	10	10	11	12
Exceptional Items ⓘ	0	0	0	0	0	0	0
Profit Before Tax ⓘ	30	27	22	22	36	47	45
Tax ⓘ	5	8	2	7	9	11	10
Profit After Tax	25	19	20	15	27	36	34
PAT Margin (%)	17.5%	12.3%	13.6%	11.4%	14.9%	16.8%	14.7%
Adjusted EPS (₹)	9.0	6.7	7.0	5.1	6.9	9.2	8.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	124	152	173	206	378	413	447
Share Capital ⓘ	6	6	28	30	39	39	39
Reserves ⓘ	118	147	145	177	339	374	408
Minority Interest	0	0	0	0	0	0	0
Debt	60	76	96	95	29	0	34
Long Term Debt	39	38	37	26	0	0	0
Short Term Debt	21	38	60	70	29	0	34
Trade Payables	23	53	27	15	15	25	58
Others Liabilities ⓘ	50	48	46	44	33	65	69
Total Liabilities ⓘ	257	330	342	362	454	503	608
Fixed Assets
Gross Block	180	186	185	193	178	193	220
Accumulated Depreciation	8	18	27	36	42	51	63
Net Fixed Assetsⓘ	171	168	158	157	136	141	157
CWIP ⓘ	1	3	5	1	0	4	4
Investmentsⓘ	0	0	0	1	4	19	31
Inventories	44	65	60	74	66	91	141
Trade Receivables	25	83	97	95	122	145	180
Cash Equivalents	3	2	4	8	74	37	9
Others Assetsⓘ	12	9	17	26	52	66	86
Total Assets ⓘ	257	330	342	362	454	503	608

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	42	-12	-2	4	13	49	-17
PBT ⓘ	30	27	22	22	36	47	45
Adjustment ⓘ	14	19	21	23	21	12	14
Changes in Working Capital ⓘ	2	-51	-38	-34	-33	0	-64
Tax Paid ⓘ	-4	-7	-7	-7	-12	-9	-11
Cash Flow From Investing Activity ⓘ	-49	-10	-5	-6	-77	10	-20
Capex	-50	-10	-4	-5	-6	-22	-25
Net Investments	0	0	-1	-1	-72	47	14
Others ⓘ	0	0	0	0	0	-15	-9
Cash Flow From Financing Activityⓘ	6	21	8	5	62	-45	23
Net Proceeds from Shares ⓘ	0	0	0	18	157	0	0
Net Proceeds from Borrowing ⓘ	27	2	-4	-5	-38	0	0
Interest Paid ⓘ	-7	-8	-10	-11	-9	-5	-3
Dividend Paid ⓘ	0	0	0	0	0	0	0
Others ⓘ	-13	28	21	3	-48	-40	26
Net Cash Flow ⓘ	-1	0	1	3	-2	14	-14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	30.58	19.77	16.52	10.2	10.76	10.16	8.82
ROCE (%)	25.46	21.3	15.04	13.85	14.13	14.63	12.55
Asset Turnover Ratio	0.58	0.53	0.44	0.38	0.44	0.45	0.42
PAT to CFO Conversion(x)	1.68	-0.63	-0.1	0.27	0.48	1.36	-0.5
Working Capital Days
Receivable Days	62	128	225	264	220	227	255
Inventory Days	107	128	155	185	143	134	182
Payable Days	107	166	201	137	69	71	140

Paras Defence And Space Technologies Ltd Stock News

Paras Defence And Space Technologies Ltd FAQs

What is the share price of Paras Defence &Space?

Company share prices are keep on changing according to the market conditions. The closing price of Paras Defence &Space on 07-Nov-2024 00:00 is ₹1,057.4.

What is the market cap of Paras Defence &Space?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Nov-2024 00:00 the market cap of Paras Defence &Space stood at ₹4,260.7.

What is the P/E ratio of Paras Defence &Space?

The latest P/E ratio of Paras Defence &Space as of 07-Nov-2024 00:00 is 86.27.

What is the P/B ratio of Paras Defence &Space?

The latest P/B ratio of Paras Defence &Space as of 07-Nov-2024 00:00 is 7.46.

What is the 52-week high and low of Paras Defence &Space?

The 52-week high of Paras Defence &Space is ₹1,592.8 and the 52-week low is ₹608.8.

What is the TTM revenue of Paras Defence &Space?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Paras Defence &Space is ₹289.6 ( Cr.) .

About Paras Defence And Space Technologies Ltd

Paras Defence And Space Technologies is an Indian private sector company engaged in designing, developing, manufacturing and testing of a wide range of defence and space engineering products and solutions. It is one of the leading ‘Indigenously Designed Developed and Manufactured’(IDDM) category private sector companies in India, which caters to four major segments of Indian defence sector i.e. defence and space optics, defence electronics, electro-magnetic pulse (EMP) protection solution and heavy engineering. It is also the sole Indian supplier of critical imaging components such as large size optics and diffractive gratings for space applications in India.

The company has five principal categories of product offerings: defence and space optics, defence electronics, EMP protection, heavy engineering for defence and niche technologies. Its defence and space optics operations include manufacturing high precision optics for defence and space applications such as thermal imaging and space imaging systems. It is one of the leading providers of optics for various Indian defence and space programmes, and the only Indian company with the design capability for space-optics and opto-mechanical assemblies. Its defence electronics operations include providing a wide array of high performance computing and electronic systems for defence applications, including sub systems for border defence, missiles, tanks and naval applications. The company has two manufacturing facilities in Maharashtra, located at Nerul in Navi Mumbai and Ambernath in Thane. Its Nerul facility is an advanced nano technology machining centre for producing high quality optics and ultra -precision components and is engaged in manufacturing of Optics, Design, Development, Manufacturing and Integration of Electronics and EMP protection products and solutions.

Business area of the company

The company is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company has five major product category offerings - Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies.

Awards and accreditations

2017: The company received a certificate of appreciation by Bharat Electronic, Naval Systems (S&CS) SBU for meeting the quality standards and timely supplies.
2020: The company received a certificate of recognition for outstanding contribution in quality and excellence in realm of customer satisfaction in India 5000 Best MSME Awards.
2020: The company’s manufacturing facilities at Ambernath and Nerul have been accredited with quality management system certificate for compliance with ISO 9001:2015 requirements.
2020: The company has been accredited with ISO 14001:2015 and ISO 45001:2018 for the environment management system and occupational, health and safety management system, respectively.

Major events and milestones

2009: Incorporation of the company.
2015: Bagged an order for developing electronic control system.
2016: Started developing and manufacturing optics for space.
2017: Secured order for developing and manufacturing EMP racks.
2018: Expanded the presence of the company in Bangalore.
2018: Amalgamation of Mechvac India and Concept Shapers and Electronics with the company
2019: Established the subsidiary, Paras Aerospace, to venture into drone systems and services
2020: MDAVF made an investment in the company.