Paras Defence And Space Technologies Ltd Stock Analysis

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

BSE Share Price 07-Feb-2023 18:02
511.45 0.55 (0.11%)

DeciZen - Make an Informed Decision on Paras Defence &Space

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Paras Defence &Space Price Chart

P/E Ratio ( SA) :
58.59
Market Cap :
1,992.5 Cr.
52-wk low :
505.3
52-wk high :
811.4
Bole Toh?

1. Is Paras Defence And Space Technologies Ltd a good quality company?

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

2. Is Paras Defence And Space Technologies Ltd 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.

3. Is Paras Defence And Space Technologies Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Paras Defence And Space Technologies Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 15.6%11.7%10.7%8.3%9.2%-
Value Creation Index 0.1-0.2-0.2-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 143154147133180200
YoY Gr. Rt. %-7.9%-5.1%-9.4%35.5%-
Adj EPS 8.86.47.25.16.98.7
YoY Gr. Rt. %--27.2%11.5%-28.5%35.4%-
BVPS (₹) 146.9194.646.255.186.190.3
Adj Net Profit 24.618.220.315.32734
Cash Flow from Ops. 42.2-12-2.23.712.8-
Debt/CF from Ops. 1.6-7.1-47.827.72.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA5.3%35.5%
Adj EPS NANA2.6%35.4%
BVPS 00-23.856.2
Share Price - - - -25.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 19.813.212.589.39.9
Op. Profit Mgn % 28.828.127.532.82928.1
Net Profit Mgn % 17.211.813.911.51517
Debt to Equity 0.80.80.80.60.10
Working Cap Days 0282413504418506
Cash Conv. Cycle 0132236363317411

Recent Performance Summary

Sales growth is good in last 4 quarters at 35.81%

Return on Equity has declined versus last 3 years average to 9.90%

Sales growth has been subdued in last 3 years 5.25%

Net Profit has been subdued in last 3 years 2.58%

Latest Financials - Paras Defence And Space Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 8.7 8.6
TTM Sales (₹ Cr.) 200 204
BVPS (₹.) 90.3 90.2
Reserves (₹ Cr.) 313 313
P/BV 5.66 5.66
PE 58.59 59.44
From the Market
52 Week Low / High (₹) 505.30 / 811.35
All Time Low / High (₹) 456.00 / 1272.05
Market Cap (₹ Cr.) 1,993
Equity (₹ Cr.) 39
Face Value (₹) 10
Industry PE 15.3

Management X-Ray of Paras Defence &Space :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Paras Defence &Space

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Paras Defence And Space Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Paras Defence &Space on 07-Feb-2023 18:02 is : 511.4.
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-Feb-2023 18:02 the market cap of Paras Defence &Space stood at ₹ 1,992.5.
The latest PE ratio of Paras Defence &Space as of 07-Feb-2023 18:02 is 58.59.
The latest PB ratio of Paras Defence &Space as of 07-Feb-2023 18:02 is 5.66
The 52-week high of Paras Defence &Space is ₹ 811.4 and the 52-week low is ₹ 505.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Paras Defence &Space is ₹ 200.2 ( 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.
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