The share price of the small-cap company rose 1.2 percent to its intraday high of Rs 783.85 per share from its previous close of Rs 774.55 on Friday after the company incorporated its subsidiary Mechtech Thermal Private Limited.
According to the filing of Paras Defence and Space Technologies Limited, the company has incorporated a wholly-owned subsidiary Mechtech Thermal Private Limited to design, develop, and validate thermal products for aviation, defense & space, and allied industries, using advanced technologies.
Looking at their financials their Net revenue increased by 9 percent year on year, from Rs 55 crore in Q2FY23 to Rs 60 crore in Q2FY24. Their revenue rose by 33 percent sequentially from Rs 45 crore in Q1FY24 to the current levels.
In addition, the company’s net profit increased by 11 percent year on year, from Rs 9 crores in Q2FY23 to Rs 10 crores in Q2FY24. Their profit increased by 66 percent on a quarterly basis from Rs 33 crore in Q1FY24 to the current levels.
The company has a low debt-to-equity ratio of 0.04, a return on equity of 9 percent, a return on capital employed of 13 percent, and a net profit margin of 16 percent.
Para Defence and Space Technologies Ltd is a small-cap market capitalization of Rs 3,000 Crores, the share price of the company rose by 13 percent in the last six months and 32 percent last year.
The promoter owns 59 percent of the company, the general public 38 percent, foreign institutional investors 0.5 percent, and a domestic institutional investor 2.5 percent.
Paras Defence and Space Technologies (PDST) is a private sector company that primarily designs, develops, manufactures, and tests a wide range of defense and space engineering products and solutions.
Written by Sriram KV
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
