Paras Defence and Space Technologies Ltd (NSE: PARAS) Defence Company: There was an increase in the shares of defence firms on Friday.
The decision of the government is believed to be the principal factor behind this rise.
The Defence Acquisition Council, led by Minister of Defence Rajnath Singh, has granted contracts totaling 84,650 crore.
Following this announcement there was an increase in the price of shares in defence companies.
The Defence Acquisition Council is the authority for the acquisition of weapons and other equipment of the Indian Army.
Defence Company
There was an increase in the shares of defence-related companies on Friday. A government decision is believed to be the cause of this rise.
The Defence Acquisition Council, led by Minister of Defence Rajnath Singh, has granted contracts totaling 84,650 crore.
Following this announcement has come an increase in the value of shares in defence companies.
The Defence Acquisition Council is the authorized body to purchase arms and other equipment of the Indian Army.
The Growth In The Companies From The Defence Industry
This Friday HAL shares traded at a level of 3049.95 rupees. The intra-day high of the company is 3105.65 rupees per share.
Stocks in Paras Defence and Space Technologies have also seen an increase. The shares of MTAR Technologies and Bharat Forge have also seen increases of 3 percent each.
The shares of Data Pattern India Limited have experienced the largest increase of the highest amount of 2035.15 on the last trading day of Friday.
A rise of 2 percent was noticed in the stock of Bharat Electronics.
About Paras Defence and Space Technologies Ltd
Paras Defence and Space Technologies (PDST) is an enterprise in the private sector.
It is engaged in the design creating, developing, manufacturing, testing, and commissioning of products as well as systems and solutions for space and defence.
It operates in four main segments Optics and Optronic Systems, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Defence Engineering.
This Optics and Optronic Systems segment manages optical components and subsystems.
The products it offers consist of space optics and gratings, optomechanical assemblies, mirrors, infrared lenses for night-vision instruments, high-precision diamond-turned parts, submarine periscopes, optoelectronics systems, and high-frequency cameras.
The Defence Engineering segment operates defence automation and control systems, as well as robust Command and Control consoles and an Avionics suite.
The products it offers include flow-formed rockets, electronic assemblies, missile motor tubes, remote-controlled border defence systems, heavy engineering, as well as turnkey projects.
The total operating income for the business amounts to 214.28 crores. Its capital invested in equity is 39.00 crores.
Fundamental Analysis of Paras Defence and Space Technologies
| Market Cap | ₹ 2,840 Cr. |
| Current Price | ₹ 729 |
| 52-wk High | ₹ 848 |
| 52-wk Low | ₹ 445.55 |
| Stock P/E | 86.52 |
| Book Value | ₹ 110 |
| Dividend | 0.00 % |
| ROCE | 13.2 % |
| ROE | 9.10 % |
| Face Value | ₹ 10.0 |
| P/B Value | 6.62 |
| OPM | 23.9 % |
| EPS | ₹ 8.40 |
| Debt | ₹ 25.4 Cr. |
| Debt to Equity | 0.06 |
Paras Defence and Space Technologies Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹747 | ₹800 |
| 2025 | ₹823 | ₹876 |
| 2026 | ₹900 | ₹934 |
| 2027 | ₹945 | ₹1000 |
| 2028 | ₹1123 | ₹1324 |
| 2029 | ₹1500 | ₹1700 |
| 2030 | ₹1987 | ₹2134 |
Paras Defence and Space Technologies Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 58.94% |
| Mar 2023 | 58.94% |
| June 2023 | 58.94% |
| Sept 2023 | 58.94% |
| Dec 2023 | 58.94% |
| FII Holding | |
| Dec 2022 | 0.77% |
| Mar 2023 | 0.53% |
| June 2023 | 0.11% |
| Sept 2023 | 0.56% |
| Dec 2023 | 0.49% |
| DII Holding | |
| Dec 2022 | 2.64% |
| Mar 2023 | 2.57% |
| June 2023 | 2.21% |
| Sept 2023 | 2.72% |
| Dec 2023 | 2.73% |
| Public Holding | |
| Dec 2022 | 37.65% |
| Mar 2023 | 37.95% |
| June 2023 | 38.73% |
| Sept 2023 | 37.79% |
| Dec 2023 | 37.84% |
Paras Defence and Space Technologies Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 154 Cr |
| 2020 | ₹ 147 Cr |
| 2021 | ₹ 133 Cr |
| 2022 | ₹ 180 Cr |
| 2023 | ₹ 225 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 19 Cr |
| 2020 | ₹ 20 Cr |
| 2021 | ₹ 15 Cr |
| 2022 | ₹ 27 Cr |
| 2023 | ₹ 33 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.69 |
| 2020 | 0.74 |
| 2021 | 0.57 |
| 2022 | 0.09 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 8% |
| 3 Years: | 22% |
| Current Year: | -13% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Last Year: | 9% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 8% |
| 3 Years: | 14% |
| Current Year: | 4% |
Conclusion
This article is a complete guide about Paras Defence and Space Technologies Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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