Synopsis:
Paras Defence and Space Technologies is in focus after winning a Rs. 71.68 crore DRDO order to supply Optronic Periscopes for submarines. The government order strengthens its defence optics portfolio and boosts visibility on future growth.
This company is a Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions is now in the focus after securing an order from IRDE-DRDO, Ministry of Defence, Government of India.
With market capitalization of Rs. 6,077 cr, the shares of Paras Defence and Space Technologies Ltd are currently trading at Rs. 755 per share, from its previous close of Rs. 765.90 per share.
About the order
Paras Defence and Space Technologies Limited announced that it has received a significant order worth Rs. 71.68 crore (including GST) from IRDE-DRDO, Ministry of Defence, Government of India. The order involves the supply of two Optronic Periscopes for submarine applications, reinforcing the company’s role in advanced defence optics and naval technologies.
This is a domestic government order, scheduled for execution between August and September 2026. The company also confirmed that the order does not involve any related-party transactions and that neither promoters nor group companies have any interest in the awarding entity.
About the company
Paras Defence and Space Technologies Ltd is a leading Indian company specializing in defence and space engineering solutions. It focuses on high-precision optics, electro-optics, defence electronics, and advanced technology systems used in missiles, submarines, satellites, and other strategic platforms. The company works closely with India’s defence establishments, including DRDO and ISRO, and plays a key role in supplying critical indigenous technologies that support the nation’s defence modernisation and space advancement.
The company reported strong year-on-year performance in Q2 FY26. Sales grew 21% to Rs. 106 crore from Rs. 87.1 crore in Q2FY25, while EBITDA increased 31% to Rs. 29.7 crore. Net profit surged 49%, rising to Rs. 19.5 crore compared to Rs. 12.7 crore in the previous year. EPS also improved 44%, reaching Rs. 2.56 from Rs. 1.78 in Q2 FY25.
The company has a ROCE of 15.6% and ROE of 11.5%, and has delivered a strong 26% CAGR profit growth over the past five years, reflecting consistent financial performance.
Promoters reduced their stake from 53.74% in Q1FY26 to 53.20% in Q2FY26. FII’s stake fell to 5.70% from 6.85%. DII’s stake dropped to 1.46% from 1.94%. Public stake has increased from 37.46% to 39.64% over the same period.
Written by Manideep Appana
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