Synopsis:
Paras Defence received ₹26.6 crore in incremental orders from Opto Electronics Factory for Electronic Control Systems used in Thermal Imaging Fire Control Systems for battle tanks, increasing total contracts to ₹141.63 crore.
This Small-cap Defence Stock, engaged in designing, developing, manufacturing, and testing defence and space products, including optics, electronics, heavy engineering, and electromagnetic protection solutions, jumped 6 percent after receiving an order worth Rs. 26.6 crore from the Indian Armed Forces for Electronic Control Systems for Battle Tanks.
With a market capitalization of Rs. 5,528.69 crores, the share of Paras Defence and Space Technologies Limited has reached an intraday high of Rs. 693.80 per equity share, rising nearly 6.08 percent from its previous day’s close price of Rs. 654.05. Since then, the stock has retreated and is currently trading at Rs. 686.05 per equity share.
What is the News?
Paras Defence and Space Technologies Limited has announced that it has received additional orders worth about Rs. 26.6 crore from Opto Electronics Factory (OLF), a unit of India Optel Limited, under the Ministry of Defence.
These orders are for supplying more Electronic Control Systems used in Thermal Imaging Fire Control Systems (TIFCS) for battle-tank applications of the Indian Armed Forces. With this new order, the total value of contracts for these systems now stands at around Rs. 141.63 crore. The execution period for the new orders is from December 2025 to September 2026.
Order Book
As of March 2025, Paras Defence and Space Technologies Limited reported a consolidated order book of Rs. 928 crore, reflecting steady growth from Rs. 215.1 crore in March 2021 and Rs. 576 crore in March 2024.
The order book is divided into two main areas, with 60 percent coming from Optics and Optronic Systems and 40 percent from Defence Engineering. This demonstrates the company’s strong capabilities in advanced optics and electro-optics for surveillance and space applications, while also highlighting its significant role in defence engineering and manufacturing.
Company Overview
Paras Defence and Space Technologies Limited is a well-known Indian defence engineering company with more than 40 years of experience. The company designs, develops, manufactures, and tests a wide range of products for both the defence and space industries.
It works across four main areas: Defence and Space Optics, Defence Electronics, Heavy Engineering, and EMP Protection. Its product portfolio includes items such as surveillance optics, missile parts, electronic warfare systems, and EMP protection solutions.
Paras Defence has also partnered with Israel-based HevenDrones to create a joint venture for hydrogen-powered drones in India. These drones are designed for specific missions in defence and homeland security, with future plans to expand globally.
The company serves many clients, including Indian Ordnance Factories, DRDO, ISRO, as well as large private companies like Godrej, Tata, and L&T. It also has strong global ties with international defence leaders such as 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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