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Paras Defence and Space Technologies Limited (PARAS) Fair Value & Analysis

Industrials · IN · Market cap ₹104B

PD Paras Defence and Space Technologies Limited PARAS · NSE
Price₹1,294
Fair Value₹208.50
Upside-83.9%
Quality60/100
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Evidence: High Range ₹116.22 – ₹257.75

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price +54.2% over the past month.

Price vs Fair Value (12 months)

₹1,396 ₹580.50 Fair Value ₹208.50 Jun 2025 Jul 2026

12‑month range ₹580.50 – ₹1,396 · fair‑value band ₹116.22 – ₹257.75 · the ₹1,294 price screens above the ₹208.50 fair value. As of Jul 3, 2026.

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Analysis

Paras Defence and Space Technologies Limited (PARAS) currently trades at ₹1,294, while our model-based Fair Value estimate is ₹208.50 — implying the stock looks roughly 83.9% overvalued today. We read business quality at 60/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Paras Defence and Space Technologies Limited generated revenue of ₹4.8B at a net margin of 18.5%. Revenue grew 57.9% year over year. It earns a return on equity of 13.1%. The balance sheet holds a net cash position of ₹924M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹4.8B
Revenue growth (YoY) +57.9%
Net margin 18.5%
Return on equity 13.1%
Free cash flow −₹93.2M FY2026
P/E ratio 118.9
More key figures
Operating margin 22.3%
EPS (TTM) ₹10.88
Dividend yield 0.1%
EPS growth (YoY) +74.6%
Net cash ₹924M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Paras Defence and Space Technologies Limited designs, develops, manufactures, and tests defense and space engineering products and solutions in India and internationally. The company offers rugged networking and communication, rugged display and computing, and rugged command and control systems; mechanical products, including flow formed tubes; and avionic suites, as well as automated test equipment. It also provides diffractive gratings, Zerodur and metal mirrors, optical domes, gyro blocks, multifold and IR lenses, reflectors and coatings, deployable space antennas, CFRP structures for space applications, lens barrels, and ultra-precision manufacturing products; and rugged wired cabinets, shielded doors, honey comb air vents/filters, command and control console/systems, naval electronic time fuse, acoustic and magnetic sensing products, naval chart, other software modules, turnkey indigo simulator systems, transducer positioning systems and platforms, submarine winches, and …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Paras Defence and Space Technologies Limited reported revenue of ₹4.8B in FY2026 versus ₹1.8B in FY2022, a compound +27.1%/yr. Reported net income was ₹881M in FY2026, compounding +34.3%/yr from FY2022.

Revenue +27.1%/yr
FY22 ₹1.8B
FY23 ₹2.2B
FY24 ₹2.5B
FY25 ₹3.6B
FY26 ₹4.8B
Net income +34.3%/yr
FY22 ₹270M
FY23 ₹361M
FY24 ₹321M
FY25 ₹635M
FY26 ₹881M

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Similar stocks

6 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

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RTX Corporation RYTT34 R$155.45 R$83.92 -46%
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Frequently asked questions

Is Paras Defence and Space Technologies Limited (PARAS) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹208.50 versus a price of ₹1,294 — about −84% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PARAS?
Our model-based fair value for Paras Defence and Space Technologies Limited is ₹208.50 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹1,294.
What is the quality score of PARAS?
Paras Defence and Space Technologies Limited has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Paras Defence and Space Technologies Limited (PARAS)?
Paras Defence and Space Technologies Limited reported trailing-twelve-month revenue of about ₹4.8B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of PARAS?
The net profit margin of Paras Defence and Space Technologies Limited is about 18.5%, meaning it keeps roughly 18.5% of revenue as net income. Based on the latest reported figures.
Does Paras Defence and Space Technologies Limited pay a dividend?
Paras Defence and Space Technologies Limited currently shows a dividend yield of about 0.07% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.