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Paras Defence and Space Technologies Ltd Performance

Today's Low
900.75
arrowIcon
Today's High
971.00
52 Wk Low
550.25
arrowIcon
52 Wk High
984.80


Open

904.7

Traded Value (Cr)

608.18

Prev. Close

964.1

Face Value

10

Volume

6308244

Paras Defence and Space Technologies Ltd Fundamentals

Market Cap
₹ 3761.17 Cr
P/E Ratio (TTM)
117.32
P/B Ratio
9.34
Debt to Equity
0.06
ROE
10.16
EPS (TTM)
8.22
Dividend Yield
0.00 %
Book Value
103.28

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Paras Defence and Space Technologies Ltd Financials

Paras Defence and Space Technologies Ltd Financials

Paras Defence and Space Technologies Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 58.94 % 58.94 % 58.94 % 58.94 %
Retail 30.98 % 30.59 % 30.04 % 29.60 %
Others 7.20 % 7.25 % 7.75 % 9.14 %
Mutual Funds 2.75 % 2.73 % 2.72 % 2.21 %
FII 0.13 % 0.49 % 0.55 % 0.11 %

Promoters

58.94%

Retail

30.98%

Others

7.20%

Mutual Funds

2.75%

FII

0.13%

Promoters

58.94%

Retail

30.59%

Others

7.25%

Mutual Funds

2.73%

FII

0.49%

Promoters

58.94%

Retail

30.04%

Others

7.75%

Mutual Funds

2.72%

FII

0.55%

Promoters

58.94%

Retail

29.60%

Others

9.14%

Mutual Funds

2.21%

FII

0.11%

Resistance and Support

₹945.28

PIVOT

resistance-arrow
Resistance
First Resistance₹989.817
Second Resistance₹1,015.533
Third Resistance₹1,060.067
support-arrow
Support
First Support₹919.567
Second Support₹875.033
Third Support₹849.317

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day483,988188,83029.33
Week6,308,244213,9606.71
1 Month6,308,244322,4456.71
6 Months91,265,96625,073,82938.68

About Paras Defence and Space Technologies Ltd

The Company was incorporated as 'Paras Flow Form Engineering Limited' on 16 June 2009, The Company received the certificate for commencement of business on 24 July 2009. Subsequently, the name of the Company was changed to 'Paras Flowform Engineering Limited' pursuant to a resolution passed by the Shareholders in an extraordinary general meeting held on 22 September 2009 and a fresh certificate of incorporation, dated 25 September 2009 was issued by the RoC. Further, the name of the Company was changed to 'Paras Defence and Space Technologies Limited' pursuant to a resolution passed by the Shareholders in an extraordinary general meeting held on 02 December 2015 and a fresh certificate of incorporation, dated 29 January 2016.The company is involved in design, development, manufacturing, testing & commissioning of products, systems and solutions for Defence & Space Applications. The Board of Directors of the Company at its meeting held on 12th January, 2018 considered and approved the scheme of amalgamation of its associate company named Concept Shapers and Electronics Private Limited and its subsidiary company named Mechvac India Limited, with Paras Defence and Space Technologies Limited. Subsequently, the shareholders of the erstwhile Mechvac India Limited were allotted 100 equity shares fully paid up of Rs10/- each of Paras Defence and Space Technologies Limited for every 784 shares of Mechvac India Limited and the shareholders of the erstwhile Concept Shapers and Electronics Private Limited were allotted 100 equity shares fully paid up of Rs 10/- each of Paras Defence and Space Technologies Limited for every 1535 equity shares of Concept Shapers and Electronics Private Limited. Pursuant to the scheme of amalgamation 572534 equity shares were allotted to the shareholders of the erstwhile Mechvac India Limited and Concept Shapers and Electronics Private Limited on 20 August 2018. The shares pursuant to the scheme of amalgamation were allotted vide allotment dated 20 August 2018 and the cross holdings stand cancelled. During the FY2019, the company has allotted 100000 equity shares of Rs 10/- were allotted on conversion of 10,00,000 Unsecured 0% Compulsorily Convertible Debentures of Rs 100/- each on 03rd November 2018. As on 31st March, 2019, the Company had 5 subsidiaries out of which 4 are Indian subsidiaries and 1 overseas subsidiary. During the FY2020,the company has allotted 2,27,30,136 equity shares of Rs 10 each by way of issuance of bonus shares in the ratio of 4:1.Also on 13 August 2020,the company has allotted 2999000 0.01% Optionally Convertible Preference Shares of Rs 100 each issued to MDAVF through its investment Manager IDBI Capital Markets & Securities Limited. As on 31st March 2020, the Company had 4 subsidiaries out of which 3 are Indian subsidiaries and 1 overseas subsidiary. The outbreak of COVID-19 virus continues to spread across the globe including India and to control, the Government authorities had been forced to commence nationwide lockdown. The operations of the Group remained completely shut down in the month of April 2020 and thereafter operations have been started slowly as per the instruction of the State Government / Local authorities. During the FY2021,the company has allotted 1440000 equity shares of Rs 10 each at a premium of Rs 115 per share on private placement. The company came out with an Rs 171 crore public issue,comprises a fresh issue of Rs 140.60 crore.The IPO shares have been allotted at the price of Rs 175 per share and got listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 01 October 2021.

Managing Director

Munjal Sharad Shah

Founded

2009

NSE Symbol

PARAS

Paras Defence and Space Technologies Ltd Management

NameDesignation
Sharad Virji ShahChairman (Non-Executive)
Munjal Sharad ShahManaging Director
Shilpa Amit MahajanWhole-time Director
Manmohan HandaIndependent Director
Hina GokhaleIndependent Director
Suresh KatyalIndependent Director
Hemalkumar Hiranbhai SagaliaCompany Sec. & Compli. Officer
Amit Navin MahajanDirector (Technical)

Paras Defence and Space Technologies Ltd News

Paras Defence hits 52-week high after Q4 PAT climbs 64% QoQ to Rs 96 cr
Paras Defence and Space Technologies rallied 5.09% to Rs 902.75 after the company’s consolidated net profit jumped 63.82%to Rs 96 crore in Q4 FY24 as compared with Rs 58.6 crore in Q3 FY24.
Paras Defence and Space Technologies consolidated net profit declines 7.34% in the March 2024 quarter
Sales rise 22.41% to Rs 79.69 crore
Paras Defence & Space Techs. to convene board meeting
On 25 May 2024
Paras Defence and Space Technologies consolidated net profit declines 31.76% in the December 2023 quarter
Sales rise 5.42% to Rs 64.18 crore
Paras Defence & Space Techs. to declare Quarterly Result
On 9 February 2024
Paras wins contract from IRDE, Ministry of Defence
Paras Defence and Space Technologies consolidated net profit rises 11.08% in the September 2023 quarter
Sales rise 10.09% to Rs 61.31 crore
Paras Defence & Space Techs. to conduct board meeting
On 6 November 2023
Paras Defence & Space Techs. to hold AGM
On 29 September 2023
Paras Defence and Space Technologies standalone net profit declines 17.66% in the June 2023 quarter
Sales rise 7.81% to Rs 44.72 crore

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Paras Defence and Space Technologies Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Paras Defence and Space Technologies Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Paras Defence and Space Technologies Ltd's share price is ₹964.10 as of June 13, 2024 at 04:14 PM

Paras Defence and Space Technologies Ltd's P/E ratio is 117.32 times as of June 13, 2024 at 04:14 PM.

Paras Defence and Space Technologies Ltd's most recent financial reports indicate a price-to-book ratio of 9.34, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Paras Defence and Space Technologies Ltd's market is 3,761 Cr as on June 13, 2024 at 04:14 PM.

The current financial records of Paras Defence and Space Technologies Ltd show a 10.16% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Paras Defence and Space Technologies Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Paras Defence and Space Technologies Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Paras Defence and Space Technologies Ltd's 52-week high and low as of June 13, 2024 at 04:14 PM are ₹984.8 and ₹550.25 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Paras Defence and Space Technologies Ltd stands at 58.94%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 0.49% to 0.13%.