Synopsis:
Paras Defence and Space Technologies Limited received a $3.8 million Electro-Optics order from Elbit Security Systems, Israel, for delivery between February and November 2026.
This Small-cap Defence Stock, engaged in designing, developing, manufacturing, and testing defence and space-engineered products, including optics, electronics, heavy engineering, and EMP protection solutions, is in focus after securing an international order worth $3.8 Mn from Elbit Security Systems Limited, Israel.
With a market capitalization of Rs. 5,698.73 crores, the share of Paras Defence and Space Technologies Limited has reached an intraday high of Rs. 721 per equity share, rising nearly 1.44 percent from its previous day’s close price of Rs. 710.80. Since then, the stock has retreated and is currently trading at Rs. 707.15 per equity share.
What is the news?
Paras Defence and Space Technologies Limited has secured an international order from Elbit Security Systems Limited, Israel, worth around USD 3.8 million (approximately Rs. 34 crore). The contract involves supplying Electro-Optics products and is scheduled for execution between February 2026 and November 2026. This order adds significant value to Paras Defence’s order book, strengthening its international business portfolio
Order Book
As of March 2025, Paras Defence and Space Technologies Limited reported a consolidated order book of Rs. 928 crore, showing steady growth from Rs. 215.1 crore in March 2021 and Rs. 576 crore in March 2024.
The order book is split between two main segments, such as 60 percent from Optics and Optronic Systems and 40 percent from Defence Engineering. This reflects the company’s strong expertise in advanced optics and electro-optics for surveillance and space applications, as well as its important role in defence engineering and manufacturing.
Company Overview
Paras Defence and Space Technologies Limited is a reputed Indian defence engineering firm with over 40 years of expertise. The company designs, develops, manufactures, and tests a wide array of products for both defence and space sectors.
It operates in four key areas: Defence and Space Optics, Defence Electronics, Heavy Engineering, and EMP Protection. Its product range includes surveillance optics, missile components, electronic warfare systems, and EMP protection solutions.
Paras Defence has partnered with Israel’s HevenDrones to form a joint venture focused on hydrogen-powered drones for defence and homeland security, with plans to expand globally.
The company serves clients like Indian Ordnance Factories, DRDO, ISRO, and major private firms such as Godrej, Tata, and L&T, while maintaining strong international partnerships with defence leaders like Rafael, IAI, and Elbit Systems.
Recent quarter results
Coming into financial highlights, Paras Defence and Space Technologies Limited’s revenue has increased from Rs. 84 crore in Q1 FY25 to Rs. 93 crore in Q1 FY26, which has grown by 10.71 percent. The net profit remained at Rs. 14 crore from Q1 FY25 to Q1 FY26.
Paras Defence and Space Technologies Limited’s revenue and net profit have grown at a CAGR of 25.88 percent and 31.22 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 15.6 percent and 11.5 percent, respectively. Paras Defence and Space Technologies Limited has an earnings per share (EPS) of Rs. 7.87, and its debt-to-equity ratio is 0.04x.
Written By – Nikhil Naik
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