Paras Defence and Space Technology: A Leading Name in India’s Defence and Space Sector | Paras Defence Wiki.

Founded in 2009, Paras Defence and Space Technology is at the forefront of India’s defence and space product manufacturing industry. Headquartered in Navi Mumbai, Maharashtra, the company specializes in the design, development, manufacture, and testing of a diverse range of engineering solutions for defense and space applications.

Historical Overview:

• Paras Defence and Space Technology was established in 2009, with Sharad Shah as Chairman and Munjal Sharad Shah as Managing Director. The company operates across five major sectors: Defence and Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies.
• In 2021, the company operated two manufacturing facilities and employed over 400 professionals with the capability to deliver solutions ranging from small-scale to large systems.

Product Portfolio:

• The company’s product portfolio encompasses five significant sectors:
  1. Defence Electronics
  2. Defence and Space Optics
  3. Heavy Engineering
  4. Electromagnetic Pulse Protection Solutions
  5. Niche Technologies
• Paras Defence is actively developing innovative products, including ARINC-818 avionics displays, hyperspectral space cameras, naval periscopes, hyperspectral cameras for drones and space applications, UAVs, cube SATS, and anti-drone systems.
• The company is also venturing into cloud-based NPNT (No Permission No Takeoff) solutions and multispectral cameras for diverse applications, including agriculture. Paras Defence operates manufacturing facilities in Navi Mumbai and Thane, Maharashtra, with expansion underway at the Nerul facility.

Prestigious Projects:

• Paras Defence and Space Technology has a distinguished project portfolio across various space and astronomy segments, contributing to missions such as TIFCS ELOP, ISRO’s Mars Orbital Mission, MACE telescope, Chandrayan 2, and Aditya L1.
• In the realm of defence electronics, the company has undertaken projects including AEW & CS for DRDO, BLT-T72 vehicle recovery systems, integrated submarine sonar, Indigo simulator systems, Kamor upgrades, L-band surveillance radar MK III, CTI MK I, BARAK 8 missile systems, ERAS rockets, and remotely controlled weapon systems.

IPO Details:

• Paras Defence and Space Technology’s initial public offering (IPO) included a fresh issue of equity shares aggregating up to Rs 140.60 crore and an offer for sale worth Rs 30.18 crore.
• The IPO witnessed overwhelming demand, with a subscription rate of 304 times on the final day of bidding, making it one of India’s most oversubscribed IPOs since 2007.

Stock Market Performance:

• Paras Defence made an impressive stock market debut on October 1, 2021, with a substantial 171% premium over the issue price. The stock opened at Rs 475 on the BSE and Rs 469 on the NSE, significantly surpassing the issue price of Rs 175 per share.
• The company’s stock price continued to perform well, reaching Rs 523.65 on BSE and Rs 517.05 on NSE.

Outlook and Financial Performance:

• Experts have expressed optimism about Paras Defence and Space Technology’s future, citing the company’s order book of Rs 305 crore and the Indian government’s focus on the defence sector through initiatives like Aatmanirbhar Bharat and Make in India.
• In terms of financial performance, the company reported consolidated quarterly numbers, including net sales of Rs 48.32 crore in June 2023 (up 18.55% from June 2022), net profit of Rs 6.01 crore in June 2023 (down 14.99% from June 2022), and EBITDA of Rs 11.77 crore in June 2023 (down 3.68% from June 2022).
• Paras Defence’s EPS decreased from Rs 1.81 in June 2022 to Rs 1.54 in June 2023.

Paras Defence and Space Technology’s significant presence in India’s defence and space sector, coupled with its recent stock market success, positions it as a noteworthy player in the country’s burgeoning aerospace industry.

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