Paras Defence And Space Technologies Ltd.

NSE: PARAS BSE: 543367 SECTOR: Defence  238k   787   141

452.45
+2.30 (0.51%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 460.95

Today's Low

₹ 448.9

52 Week High

₹ 811.35

52 Week Low

₹ 445.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1764.56 Cr.

Enterprise Value

1719.28 Cr.

No. of Shares

3.9 Cr.

P/E

47.07

P/B

4.87

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  92.99

CASH

74.41 Cr.

DEBT

29.13 Cr.

Promoter Holding

58.94 %

EPS (TTM)

₹  9.61

Sales Growth

35.55%

ROE

10.76 %

ROCE

14.13%

Profit Growth

78.42 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year35.55%
3 Year5.25%
5 YearNA

Profit Growth

1 Year78.42%
3 Year12.23%
5 YearNA

ROE%

1 Year10.76%
3 Year12.49%
5 Year17.56%

ROCE %

1 Year14.13%
3 Year14.37%
5 Year17.97%

Debt/Equity

0.0867

Price to Cash Flow

138.15

Interest Cover Ratio

5.38331827762722

CFO/PAT (5 Yr. Avg.)

0.419407176816524

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 58.94 0
Sep 2022 58.94 0
Jun 2022 58.94 0
Mar 2022 58.94 0
Dec 2021 58.94 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 73.8885 Cr.
  • Company is virtually debt free.
  • The Company has been maintaining an effective average operating margins of 28.8405049759953% in the last 5 years.
  • Company has a healthy liquidity position with current ratio of 5.39449636092534.
  • The company has a high promoter holding of 58.94%.

 Limitations

  • The company has shown a poor revenue growth of 5.24683536074477% for the Past 3 years.
  • Company has high debtor days of 219.723490431394.
  • The company is trading at a high PE of 47.07.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 43.59 60.47 41.48 54.63 60.12
Total Expenditure 31.52 42.81 29.68 39.95 44.96
Operating Profit 12.07 17.66 11.8 14.68 15.16
Other Income 1.1 1.36 0.96 1.05 5.51
Interest 1.25 1.97 0.09 0.52 3.64
Depreciation 2.59 2.64 2.6 2.67 2.69
Exceptional Items 0 0 0 0 0
Profit Before Tax 9.33 14.41 10.07 12.54 14.34
Tax 2.3 3.99 2.54 3.51 3.83
Profit After Tax 7.03 10.42 7.53 9.03 10.51
Adjusted EPS (Rs) 1.8 2.67 1.93 2.32 2.69

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 143.09 154.4 146.57 132.8 180
Total Expenditure 101.91 111.14 106.77 89.57 127.99
Operating Profit 41.17 43.26 39.8 43.23 52.01
Other Income 3.28 2.77 2.22 1.33 3.01
Interest 7.36 9.75 10.21 13.06 8.3
Depreciation 6.68 9.41 9.71 9.64 10.32
Exceptional Items 0 0 0 0 0
Profit Before Tax 30.41 26.88 22.1 21.86 36.39
Tax 5.33 7.84 2.13 6.78 9.48
Net Profit 25.08 19.04 19.97 15.08 26.91
Adjusted EPS (Rs.) 44.93 33.5 7.03 5.05 6.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 5.58 5.68 28.41 29.85 39
Total Reserves 118.25 146.75 144.59 176.52 338.62
Borrowings 39.11 38.2 36.75 25.53 0
Other N/C liabilities 27.88 29.47 24.89 24.33 22.68
Current liabilities 65.98 109.66 107.26 105.32 54.19
Total Liabilities 256.8 329.76 341.9 361.55 454.49
Assets
Net Block 171.36 168.29 157.83 156.51 135.68
Capital WIP 1.21 2.63 4.91 0.51 0.5
Intangible WIP 0 0 0 0 0
Investments 0.06 0.09 0.08 1.15 4.15
Loans & Advances 1.57 0.87 1.24 1.15 1.82
Other N/C Assets 0.79 0.42 0.39 5.35 20.02
Current Assets 81.81 157.45 177.46 196.89 292.33
Total Assets 256.8 329.76 341.9 361.55 454.49
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 30.41 26.88 22.1 21.86 36.39
Adjustment 14.28 19.48 21.07 22.54 20.66
Changes in Assets & Liabilities 1.91 -51.4 -38.28 -33.75 -32.51
Tax Paid -4.41 -7 -7.04 -6.93 -11.77
Operating Cash Flow 42.19 -12.04 -2.15 3.72 12.77
Investing Cash Flow -48.26 -9.61 -4.9 -6.17 -77.49
Financing Cash Flow 6.41 21.41 8.12 5.28 62.35
Net Cash Flow 0.34 -0.24 1.08 2.82 -2.37

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 58.94 58.94 58.94 58.94 58.94
munjal sharad shah 25.28 25.28 25.28 25.28 25.28
sharad virji shah 18.65 18.65 18.65 18.65 18.65
kaajal harsh bhans... 3.64 3.64 3.64 3.64 3.64
anish hemant mehta 3.64 3.64 3.64 3.64 3.64
ami munjal shah 2.60 2.60 2.60 2.60 2.60
anushka munjal shah 2.56 2.56 2.56 2.56 2.56
jiwanshi munjal sh... 2.56 2.56 2.56 2.56 2.56
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 41.06 41.06 41.06 41.06 41.06
ashoka india equit... - 2.60 - - -
abakkus emerging o... 1.48 2.51 1.34 1.08 -
mukul mahavir pras... - 2.32 - - -
mukul mahavir agra... 2.32 - 2.32 2.32 1.92
badve engineering ... - - - 2.04 -
badve engineering ... - 2.04 2.04 - 1.77
badve engineering ... 2.04 - - - -
jaya chandrakant g... 1.95 1.95 1.95 1.95 1.45
nippon life india ... 1.25 - 1.25 1.25 1.89
shilpa mahajan 1.79 1.79 - 1.79 1.79
amit mahajan 1.79 1.79 - 1.79 1.79
shilpa amit mahajan - - 1.79 - -
amit navin mahajan - - 1.79 - -
hdfc trustee compa... - 1.36 - - -
body corporate - l... - - - 1.14 -

Annual Reports

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Ratings & Research Reports

Company Presentations

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Company News

Paras Defence gets license to establish industrial undertaking28 Mar 2023, 11:40AM Paras Defence and Space Technologies informs about analyst meet 20 Mar 2023, 10:08AM Paras Defence and Space Technologies informs about award of order 20 Mar 2023, 10:04AM Paras Defence wins contract for Avionics Suite for Saras MK - 2 Aircraft 20 Mar 2023, 9:58AM Paras Defence and Space Technologies enters into MoU with CONTROP15 Mar 2023, 10:10AM Paras Defence and Space Technologies informs about MOU15 Mar 2023, 9:55AM Paras Defence and Space Technologies informs about clarification8 Mar 2023, 2:49PM Paras Defence and Space Technologies informs about analyst meet 8 Mar 2023, 9:57AM Paras Defence and Space Technologies informs about memorandum of understanding 16 Feb 2023, 5:06PM Yantra India enters into MoU with Paras Defence and Space Technologies 16 Feb 2023, 11:44AM Paras Defence &Space - Quaterly Results9 Feb 2023, 1:39PM Paras Defence &Space - Quaterly Results9 Feb 2023, 1:39PM Paras Defence &Space - Quaterly Results9 Feb 2023, 1:39PM Paras Defence and Space Technologies informs about institutional investor meeting6 Feb 2023, 10:37AM Paras Defence and Space Technologies informs about analyst meet intimation18 Jan 2023, 4:54PM Paras Defence and Space Technologies informs about resignation of independent director12 Dec 2022, 11:39AM Paras Defence and Space Technologies informs about investors meet 9 Dec 2022, 12:41PM Paras Defence and Space Technologies informs about analyst meet 8 Dec 2022, 3:59PM Paras Defence and Space Technologies informs about analyst meet 5 Dec 2022, 11:00AM Paras Defence and Space Technologies informs about analyst meet21 Nov 2022, 5:18PM Paras Defence &Space - Quaterly Results12 Nov 2022, 6:53PM Paras Defence &Space - Quaterly Results12 Nov 2022, 6:53PM Paras Defence executes Technology Transfer Agreement with NSIL9 Nov 2022, 10:10AM Paras Defence and Space Technologies informs about monitoring agency report29 Oct 2022, 12:02PM Paras Defence and Space Technologies informs about analyst meet6 Oct 2022, 4:48PM Paras Defence enters into exclusive teaming agreement with ‘ELDIS Pardubice’7 Sep 2022, 9:08AM Paras Defence and Space Technologies informs about analyst meet6 Sep 2022, 3:22PM Paras Defence gets nod to invest Rs 7 crore in Ayatti Innovative 22 Aug 2022, 10:30AM Paras Defence and Space Technologies informs about outcome of board meeting 20 Aug 2022, 3:30PM Paras Defence reports over 7-fold jump in Q1 consolidated net profit3 Aug 2022, 2:48PM Paras Defence &Space - Quaterly Results3 Aug 2022, 1:39PM Paras Defence &Space - Quaterly Results3 Aug 2022, 1:39PM Paras Defence &Space - Quaterly Results3 Aug 2022, 1:39PM New Space India executes LOI with Paras Defence and Space Technologies27 Jun 2022, 4:05PM Paras Defence &Space - Quaterly Results20 May 2022, 5:15PM Paras Defence &Space - Quaterly Results20 May 2022, 5:15PM Paras Defence &Space - Quaterly Results20 May 2022, 5:15PM Paras Defence's arm shortlisted for PLI scheme in category of drone component manufacturers21 Apr 2022, 3:46PM Paras Defence and Space Technologies informs about compliance certificate11 Apr 2022, 4:26PM Paras Defence gets ToT for Optronic Submarine Periscope by DRDO7 Apr 2022, 4:31PM Paras Defence’s arm launches PARAS.AI drone IT product21 Mar 2022, 10:46AM Paras Defence &Space - Quaterly Results9 Feb 2022, 6:10PM Paras Defence &Space - Quaterly Results9 Feb 2022, 6:10PM Paras Defence chosen by DRDO for handing technology of border surveillance system27 Dec 2021, 3:58PM Paras Defence and Space Technologies gets nod for incorporation of associate company18 Oct 2021, 11:52AM Paras Defence and Space Technologies informs about clarification for increase in volume13 Oct 2021, 4:48PM Paras Defence and Space Technologies informs about trading window closure4 Oct 2021, 3:42PM Paras Defence And Space Technologies coming with an IPO to raise upto Rs 179 crore17 Sep 2021, 2:28PM Paras Defence to hit capital market on September 2116 Sep 2021, 5:16PM

Paras Defence &Space Stock Price Analysis and Quick Research Report. Is Paras Defence &Space an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Paras Defence &Space has a PE ratio of 46.9998335552597 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Paras Defence &Space has ROA of 6.59492020123519 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Paras Defence &Space has a Current ratio of 5.39449636092534 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Paras Defence &Space has a ROE of 10.7564397090374 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Paras Defence &Space has a D/E ratio of 0.0867 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Paras Defence &Space has an Inventory turnover ratio of 2.55724096584096 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Paras Defence &Space has reported revenue growth of 35.5454080629894 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Paras Defence &Space for the current financial year is 28.8923728375706 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Paras Defence &Space is Rs 0 and the yield is 0 %.

Brief about Paras Defence &Space

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