Synopsis:
Paras Anti-Drone Technologies, a subsidiary of Paras Defence and Space Technologies Limited, has received a contract worth Rs. 46.19 crores from the Ministry of Defence, India, to supply Anti-Drone Systems.
The shares of a small-cap firm involved in the design, development, production, and testing of diverse defence and space engineering products and solutions gained notice after receiving a contract from the Ministry of Defence, India, to supply an Anti-Drone System.
With the market capitalization of Rs.5,728.15 crores, the shares of Paras Defence and Space Technologies Limited are trading at Rs.710.80, up by 2.92 percent from its previous day’s closing price of Rs.690.65 per equity share. The stock made a high of Rs.726, up by 5 percent from its previous close.
Contract
Paras Anti-Drone Technologies Private Limited, a subsidiary of Paras Defence and Space Technologies Limited, has received a domestic contract worth Rs. 46.19 crore from the Ministry of Defence, Government of India. The order is for the supply of Anti-Drone Systems, including Drone Jammers, with delivery expected to be completed by March 2026.
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About the company
Paras Defence and Space Technologies Limited is a private sector company focused on designing, developing, manufacturing, and testing a wide range of defence and space engineering products and solutions. The company operates across four key segments: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions.
The company has clients such as the Indian Ordnance Factories, Bharat Electronics, Godrej, Larsen & Toubro, Tata Power, Tata Consultancy Services, etc.
As per the available data, the company’s consolidated order book has shown consistent growth over the past few years, increasing from Rs.215 crore in March 2021 to Rs.928 crore in March 2025.
This order book is divided into two main categories: Optics & Optronic Systems and Defence Engineering. The majority of the orders, 60 percent, are from Optics & Optronic Systems, while the remaining 40 percent are from Defence Engineering projects.
The company’s revenue went up from Rs.84 crore in Q1FY25 to Rs.93 crore in Q1FY26. Net profit remained flat Rs.14 crores for the same period. Its return on equity is 11 percent, and return on capital employed is 15 percent. With a P/E ratio of 89.97, compared to the industry average of 68.19.
Written by Jhanavi Sivakumar
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