Synopsis:
Small-cap defence stock jumps 2.5% after inflow of order worth Rs. 40 Crores, reflecting strong future potential.
The shares of a well-known defence and aerospace company are in the spotlight for receiving Anti-drone system orders from the Ministry of Defence, Government of India, reflecting strong investor confidence.
With a market cap of Rs. 5,616 Crore the shares of Paras Defence and Space Technologies Ltd. closed at Rs. 702.75 per equity share up 2 percent from its previous day’s close price of Rs. 689.50.
Why the Buzz?
Paras Defence and Space Technologies Ltd has been awarded a Rs. 35.68 crore project by the Ministry of Defence, Government of India, for the supply of Portable Counter-Drone Systems (Anti-Drone). This follows an earlier Rs. 3.95 crore order from the same on November 10, 2025.
Both projects are expected to be executed by May 2026. These orders strengthen Paras Defence’s position in the defence technology space and further aligns with its vision in becoming India’s leading Anti-Drone company.
Business Overview
Paras Defence and Space Technologies Ltd is a private-sector company that specialises in the design, development, manufacturing, and testing of advanced defence and space engineering products.The company has been operating across four key segments- Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse (EMP) Protection Solutions.
The company serves a broad range of strategic as well as technological needs in the Indian defence and aerospace sectors, with several government, private and International customers. Some of the big names in its client list include DRDO, ISRO, Godrej and Boyce Mfg. Co. Ltd., Larsen & Tourbo, RAFAEL Advanced Defense system Ltd., and Israel Aerospace Industries.
Apart from Defence, Paras also caters to agricultural applications, where two of its models are even certified by DGCA. Currently they stand as India’s one of the most cost-effective and dependable drone platform for agricultural applications
Financial Overview & Others
Lately, the company has managed to achieve a 11 percent YoY growth in its revenue from Rs. 84 Crores in Q1FY25 to Rs. 93 Crores in Q1FY26. Out of this, 51 percent came from the Optics and Optronics Systems segment, while 49 percent was contributed by the Defence Engineering division.
Looking forward, the company aims to maintain the annual revenue growth between 40-50 percent, which is backed by the robust order book that was worth Rs 928 crores by the end of FY25. The defence company has also significantly reduced its debt to Rs. 24 crores, which last year was standing at Rs. 66 crores, making it a 63 percent reduction in debt.
Moreover in the coming 5 years, the company is expecting opportunities worth more than Rs. 6000 crore in its Optical systems space, along with Rs. 3000 Crores each in Laser Systems and Optical Telescopes, and Rs. 2000 Crores in Existing Businesses.
Written by Adithya Menon
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