This small-cap Defence stock engaged in designing, manufacturing, and supplying advanced defence and space optics, optronic systems, and other critical technologies for various sectors, is in focus after the company’s board scheduled a meeting to consider and approve a stock split and dividend.
Stock Price Movement
With a market capitalisation of Rs. 4,164.55 crores, the share of Paras Defence and Space Technologies Limited has reached an intraday high of Rs. 1,095 per equity share, rising nearly 2.07 percent from its previous day’s close price of Rs. 1,072.75. Since then, the stock has retreated and is currently trading at Rs. 1,033.55 per equity share.
What Happened
Paras Defence and Space Technologies Limited has scheduled a Board Meeting on April 30, 2025, to consider and approve the audited financial results for the quarter and year ended March 31, 2025. The meeting will also discuss the sub-division or stock split of equity shares and recommend the payment of a dividend for the financial year.
Order Book
As of September 30, 2024, Elecon Engineering has received a strong flow of new orders over the past four years, including about Rs. 881 crore worth in the last 18 months. The company also has an order backlog of Rs. 850 crore, which is over three times its expected revenue for FY2024. This shows a clear path for stable income in the coming years.
Also read: Mahindra Group stock jumps after reporting 72% YoY net profit growth in Q4
Company operations
The company provides a diverse range of products and solutions in two main areas: Defence & Space Optics and Optronic Systems. It operates two manufacturing facilities, one in Ambernath (Thane) and the other in Nerul (Navi Mumbai).
Clientele
The company caters to a wide range of customers, including major government bodies like Indian Ordnance Factories, DRDO, and ISRO, along with private sector giants such as Godrej, Tata, and L&T. It also has a solid global footprint, partnering with renowned international companies like Rafael, IAI, and Elbit Systems across multiple industries.
Recent quarter results
Paras Defence and Space Technologies Limited’s revenue rose by 34.38 percent, increasing from Rs. 64 crore in Q3 FY24 to Rs. 86 crore in Q3 FY25. Net profit also saw strong growth, jumping 133.33 percent from Rs. 6 crore to Rs. 14 crore during the same period.
Written By – Nikhil Naik
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