Paras Defence Share Price

Paras Defence and Space Technologies Ltd, based in Navi Mumbai, operates within India’s defence and space manufacturing industry. The company develops and produces critical defence and space engineering products in optics, e͏lectronics, electromagnetics solutions, and heavy engineering. ͏The Paras share price on NSE and BSE shows how ͏market͏ participants respond to developments within the defence and space sector and the company’s execution within ͏this specialised domain.  

Para Defence and Space Technologies Ltd is influenced by factors like defence procurement and order execution timelines, margin stability, research-level manufacturing capability and policy direction, particularly under India’s defence indigenisation framework. In the long term, capacity expansion, export development, technology partnerships and execution will determine how the Paras stock price behaves in the equity markets.  

Paras live share prices provides with last traded price, bid price, ask price and traded volumes. These are indicators of market participation and liquidity and demonstrate how the stock reacts to sector updates, defence-related announcements, and general equity market movements. Paras live price helps observe ͏ short term volatility and market positioning relati͏ve to the broader market.  

Para Defence and Space Technologies Ltd share price today can also be viewed to get an idea of the share performance in comparison with other listed defence manufacturing companies and relevant market indices. This allows us to examine relative positioning within the defence sector and how the stock moves relative to India’s broader equity markets.  

Paras Defence and Space Technologies Limited Company Fundamentals 

Paras Defence and Space Technologies Limited Company Background 

Paras Defence & Space Technologies, established in 2009, operates in the defence and space engineering domain, providing products and systems primarily for government and strategic applications. The company structures its operations across two business verticals: Optics and Optronic Systems, and Defence Engineering, which includes defence electronics, electromagnetic pulse protection solutions, and heavy engineering activities. Its work spans multiple application areas such as missile and rocket systems, space and space research programmes, naval platforms, land-based and armoured vehicles, electronic warfare, surveillance systems, and electromagnetic shielding. Through its subsidiaries, the company is also engaged in related technology areas including unmanned aerial systems, RF and microwave technologies, counter-drone systems, EO/IR systems for avionics platforms, and quantum communication.  

Paras Defence maintains manufacturing facilities equipped to support design, development, assembly, and testing activities, supported by a workforce of over 600 employees. The company undertakes projects ranging from component-level manufacturing to system-level integration, including turnkey execution where required. Its operations include in-house research and development aimed at meeting domestic defence requirements under indigenous manufacturing frameworks. The company’s activities are aligned with long-term defence procurement programmes, space missions, and technology development initiatives within India’s strategic sectors. 

Paras Defence and Space Technologies Limited Company Product Lines (key products) 

Rocket / Missile Programs 

• Rugged networking and communication systems 
• Rugged displays and computing systems 
• Rugged command and control systems 
• Automated test equipment 
• Avionic suites 

Electronic Warfare and Surveillance 

• Heavy-duty antenna mechanical structures 
• MIL-qualified rugged TFT displays 
• Command and control consoles/systems 
• High-performance embedded computing systems 
• Data, video and image processing systems 

Land & Armoured Vehicles (Battle Tanks & Armoured Platforms) 

• MIL-grade control systems 
• Rugged displays and computing systems 
• Command and control consoles/systems 
• Tank imaging components and sub-assemblies 
• Turret stabilisation systems 

Naval Systems 

• Custom-built rugged wired cabinets 
• Shielded doors and honeycomb air vents/filters 
• Naval electronic time fuses 
• Acoustic and magnetic sensing products 
• Submarine winches 

Electromagnetic Shielding 

• EMP-shielded rooms and control centres 
• EMP-protected racks and cabinets 
• Shielded doors 
• EMP filters 
• Anechoic shielded chambers 

Space Imaging Systems 

• Diffractive gratings 
• Multifocal lenses 
• Reflectors and optical coatings 
• Metal and Zerodur mirrors 
• IR lenses 

Space & Space Research Programs 

• Gyro blocks 
• Optical domes 
• Ultra-precision manufacturing components 
• Deployable space antennas 
• CFRP structures for space applications 

Drone Technologies 

• Rugged embedded computing systems 
• EO/IR imaging subsystems 
• RF and microwave modules 
• Communication and data-link systems 
• Ground control interface hardware 

Avionics 

• Rugged displays and computing systems 
• Embedded computing platforms 
• Command and control interfaces 
• Avionic communication systems 
• Navigation-support electronics 

Quantum Technologies 

• Quantum communication subsystems 
• Secure optical components 
• Precision photonic assemblies 
• Specialised optical modules 
• Advanced signal processing hardware 

Paras Defence and Space Technologies Limited Company Revenue Model 

• Optics & Optronic Systems 
  • Manufacturing and sale of optical components and sub-systems (space optics, gratings, mirrors) 
  • Infra-red lenses for night vision and surveillance systems 
  • EO/IR imaging systems 
  • Submarine periscopes and precision opto-mechanical assemblies  
• Defence Engineering 
• Defence Electronics – defence automation & control systems, rugged consoles, avionic suites 
• Heavy Engineering – flow-formed rockets, missile motor tubes, electromechanical assemblies, remote border defence systems 
• Electromagnetic Pulse (EMP) Protection Solutions – turnkey EMP solutions and related shielding products  
• Unallocated / Other Income 
  • Income and expenses not directly attributable to the core segments (investment income, miscellaneous corporate activities)  
• Turnkey Project Execution 
  • Project contracting for integrated defence system delivery and installation (e.g., EMP projects, border systems, optical integration)  
• Export & Overseas Operations (where applicable) 
  • Revenue from international sales and export deliveries (portion of consolidated revenue)  
• Service & Support Contracts 
  • After-sales support, maintenance, technical services tied to defence and space products (embedded in Defence Engineering)  

Paras Defence and Space Technologies Limited Geographic Presence 

• Navi Mumbai – Manufacturing and core operational facility 
• Ambernath – Manufacturing and engineering operations 
• Bengaluru – Technology development and advanced engineering presence 
• Hyderabad – Defence and aerospace ecosystem engagement 
• Others – Presence across key locations including Delhi, Chennai, Pune and other strategic centres 
• Strategic joint venture with HevenDrones Israel, an independent subsidiary of US-based Heven, on 

Paras Defence and Space Technologies Limited Leadership  

As of January 2026, the leadership includes –  

• Sharad Virji Shah – Chairman and Non-Executive Director 
• Munjal Sharad Shah – Managing Director 
• Shilpa Amit Mahajan – Whole-Time Director 
• Manmohan Handa – Independent Director 
• Suresh Katyal – Independent Director 
• Dr. Hina Amol Gokhale – Independent Director 
• Harsh Dhirendra Bhansali – Chief Financial Officer 
• Jajvalya Raghavan – Company Secretary and Compliance Officer 
• Anish Mehta – Director, Business Development 
• Amit Mahajan – Director, Technical and R&D 
• Ami Shah – Vice President, Human Resources 

Paras Defence and Space Technologies Limited Key Milestones 

• 16 June 2009 – Incorporated as Paras Flow Form Engineering Limited 
• 24 July 2009 – Received Certificate of Commencement of Business 
• 25 September 2009 – Name changed to Paras Flowform Engineering Limited 
• 29 January 2016 – Converted into a public limited company and renamed Paras Defence and Space Technologies Limited 
• 2016 onwards – Operations structured into two verticals: Optics & Optronic Systems and Defence Engineering (Defence Electronics, EMP Protection Solutions and Heavy Engineering) 
• January 2018 – Amalgamation of Concept Shapers and Electronics Private Limited and Mechvac India Limited completed 
• 20 August 2018 – Equity shares allotted to shareholders pursuant to the Scheme of Amalgamation 
• 2019 – Delivery of India’s first EMP racks for strategic applications and development of electronic time fuse 
• September 2021 – Initial Public Offering (IPO) completed, raising ₹170.77 crore through fresh issue and offer for sale 
• November 2022 – Development of remote-controlled border defence system in collaboration with DRDO 
• 2024 – Joint venture formed with CONTROP Precision Technologies Limited, Israel, for EO/IR payloads 
• FY 2025 – Development of next-generation EO/IR platforms, hyperspectral imaging payloads, periscopes and rugged control electronics 

Industry Perspective 

Paras Defence and Space Technologies Limited operates within India’s defence and aerospace industry, which has been expanding rapidly due to governmental emphasis on indigenisation, modernisation and private sector participation. India’s defence production reached a record ₹1,50,590 crore in FY2024-25, reflecting an 18 % growth year-on-year and nearly 90 % increase since FY2019-20.  

Defence exports also hit new highs in FY2024-25, with private players contributing significantly to this growth. The broader Indian defence market is estimated at USD 30.52 billion in 2025 and is forecast to expand to USD 37.57 billion by 2030 at a CAGR of about 4.24 %. Within this, defence tech segments, including advanced electronics, autonomous systems and quantum technologies, are projected to grow faster, potentially hitting around USD 19 billion by 2030 at a ~20 % CAGR.  

The Indian space technology market also shows strong momentum: valued at approximately USD 9.99 billion in 2023, it is expected to reach USD 20.99 billion by 2030 with an ~11.2 % CAGR. Government initiatives like IN-SPACe and dedicated startup funds aim to increase India’s share of the global space economy substantially by 2030, amid supportive policy reforms. Industry drivers include enhanced defence spending, indigenisation policies, modernisation programmes, and growing demand for aerospace, surveillance and advanced technology systems, forming a conducive backdrop for companies like Paras Defence to expand within these high-growth sectors. 

Paras Defence can benefit from rising defence indigenisation, higher capital outlay, and increased private sector participation in India’s defence and space programmes. Growing demand for indigenous optics, electronics, EMP protection, drones, and EO/IR systems supports order visibility. Expansion of space missions, defence exports, and advanced technology adoption such as anti-drone, quantum and electronic warfare systems strengthens long-term relevance across defence and aerospace supply chains. 

Paras Defence and Space Technologies Limited Stock Market Presence: Listings & Index Representation 

Paras Defence and Space Technologies Ltd was listed on the BSE and NSE on October 1, 2021, following its public issue. The company entered the Indian stock market during a period of rising focus on domestic defence manufacturing and capital market participation in strategic industries. 

Paras Defence and Space Technologies Ltd is listed on NSE under the symbol PARAS and on BSE under the security code 543367. The stock forms part of the BSE 1000, S&P BSE Industrials, Nifty Microcap 250 Index, Nifty Total Market, S&P BSE MidSmallCap, S&P BSE SmallCap, S&P BSE AllCap. Index inclusion places Paras Defence and Space Technologies Ltd within tracked equity segments monitored by market participants. 

The Paras Defence and Space Technologies Ltd stock price is followed by market participants due to its presence in India’s defence manufacturing space and its exposure to strategic programmes. Listing on both NSE and BSE ensures liquidity and price discovery, while index representation enables benchmarking against broader market movements and sector-linked equity performance. 

Paras Defence and Space Technologies Limited Stock Performance and Share Price History 

Paras Defence and Space Technologies Ltd share price on NSE and BSE reflects its role as a defence and space manufacturing company operating within a policy-driven and regulated industrial environment. The company’s market performance connects closely with order execution timelines, defence capital allocation, margin visibility, and technological capability. Market participants regularly compare Paras Defence and Space Technologies Ltd share price today with defence peers, sector indices, and broader benchmarks such as Nifty 50 and Sensex to understand relative movement and sector positioning. 

These drivers become visible through price movements across multiple timeframes. Short-term changes in Paras Defence and Space Technologies Ltd share price often follow quarterly results, execution updates, and shifts in defence sector sentiment. On a one-day basis, the stock recorded a decline of 1.38 percent, while Nifty 50 and Sensex gained 0.11 percent and 0.23 percent respectively, highlighting divergence from broader indices during that session. Over one week, Paras Defence and Space Technologies Ltd share price declined 2.64 percent compared with marginal index movement. 

Despite shorter-term volatility, longer-term performance remains strong. Over one year, Paras Defence and Space Technologies Ltd share price delivered returns of 30.65 percent, outperforming Nifty 50 at 10.22 percent and Sensex at 8.47 percent, while remaining slightly below industry returns of 32.03 percent. Over three years, Paras Defence and Space Technologies Ltd share price rose 129.83 percent, compared with 43.59 percent for Nifty 50 and 39.07 percent for Sensex. Five-year returns stand at 656.86 percent, significantly higher than Nifty 50 at 78.02 percent and Sensex at 70.43 percent. 

Seasonality data further explains movement patterns in Paras Defence and Space Technologies Ltd stock price. In 2024, the stock recorded a 130.53 percent gain in Q2, followed by declines of 21.08 percent in Q3 and 9.53 percent in Q4, resulting in annual returns of 40.01 percent. In 2025, Paras Defence and Space Technologies Ltd share price rose 67.82 percent in Q2 but declined 16.04 percent in Q3, closing the year with 35.96 percent annual gains. Early 2026 shows a Q1 decline of 3.17 percent, reflecting near-term consolidation. 

Price range data provides additional clarity. On a one-day basis, Paras Defence and Space Technologies Ltd stock price traded between ₹656.10 and ₹674.90, closing at ₹662.25. Over one year, the stock ranged between a low of ₹404.70 and a high of ₹972.50, placing the current price nearly 31.9 percent below the peak while remaining 63.64 percent above the yearly low. Over five to ten years, Paras Defence and Space Technologies Ltd’s share price shows identical cumulative returns of 656.86 percent due to the company’s listing timeline. 

Paras Defence and Space Technologies Ltd share price history since listing in 2021 shows an initial phase of volatility, followed by strong appreciation driven by increased focus on domestic defence manufacturing. Periodic declines in Paras Defence and Space Technologies Ltd stock price aligned with valuation resets, reduced risk appetite, and sector-wide consolidation rather than company-specific deterioration. This pattern highlights sensitivity to market cycles while preserving long-term return visibility. 

Paras Defence and Space Technologies Limited Investor Relevance and Portfolio Role 

Paras Defence and Space Technologies Ltd forms part of defence-sector and thematic portfolios that track India’s strategic manufacturing space. Its presence in defence-focused indices highlights relevance within portfolios aligned to defence production, space technology, and indigenous manufacturing themes. 

Paras Defence and Space Technologies Ltd equity is held by a mix of domestic and international institutional investors. Key institutional holders include Abu Dhabi Investment Authority, Motilal Oswal Asset Management Company Limited, Goldman Sachs Asset Management, BlackRock, Aditya Birla Sun Life AMC, State Street Global Advisors, Invesco, Groww Asset Management, Teachers Insurance and Annuity Association, and BNY Asset Management. 

Mutual fund participation includes Motilal Oswal Nifty India Defence Index Fund, Goldman Sachs Emerging Markets Core Equity Portfolio, Motilal Oswal Nifty Microcap 250 Index Fund, Motilal Oswal Nifty India Defence ETF, Aditya Birla Sun Life Defence Index Fund, iShares Core MSCI EM IMI UCITS ETF, iShares MSCI India Small-Cap ETF, Goldman Sachs Emerging Markets Equity Insights Fund, Pacific Select Fund, and SPDR Index Shares Funds. 

Paras Defence and Space Technologies Ltd stock price is also tracked in derivatives and volatility studies, where open interest patterns and volume shifts reflect market positioning around sector developments. Technical indicators such as Paras Defence and Space Technologies Ltd RSI and MACD offer insights into short-term momentum and sentiment shifts. 

Paras Defence and Space Technologies Ltd beta remains elevated compared to broader indices. Long-term beta stands at 2.66, while daily one-month beta averages 1.40 and three-month daily beta at 1.42. Weekly one-year beta reaches 2.72, while weekly two-year beta stands at 2.05. Monthly two-year beta rises to 5.42, indicating higher volatility relative to the market. These figures explain sharper swings in Paras Defence and Space Technologies Ltd share price compared to large-cap stocks. 

Paras Defence and Space Technologies Limited Sectoral Relevance and Peer Positioning 

Paras Defence and Space Technologies Ltd sector relevance stems from its specialised presence in defence optics, defence electronics, electromagnetic systems, and space engineering, placing it firmly within India’s defence manufacturing ecosystem. Peer comparisons with Bharat Electronics, Data Patterns, Astra Microwave, MTAR Technologies, and Bharat Dynamics focus on manufacturing capability, order execution, technology depth, and participation in strategic defence programmes rather than short-term market movement. These benchmarks help position Paras Defence within regulated defence supply chains aligned with long-term indigenisation and capital expenditure priorities. 

Paras Defence and Space Technologies Ltd sectoral importance is also reflected in financial and market metrics that demonstrate scale, earnings progression, and valuation sensitivity within defence manufacturing. The Paras Defence and Space Technologies Ltd share price reflects these structural factors rather than event-driven volatility, aligning closely with execution visibility, earnings growth, and sector-wide valuation cycles across defence stocks. 

Market capitalisation history highlights the company’s expanding equity footprint since listing. Paras Defence and Space Technologies Ltd market cap stood at ₹19.21 billion on October 1, 2021, rose to ₹28.98 billion by December 31, 2021, declined to ₹23.45 billion by December 30, 2022, and increased to ₹28.04 billion by December 29, 2023. Market cap reached ₹40.62 billion by December 31, 2024, ₹55.15 billion by December 31, 2025, and ₹53.37 billion on January 16, 2026, reflecting 177.88 percent growth since listing. 

Paras Defence earnings shows consistent expansion in operating scale. Total revenue increased from ₹182.56 crore in FY22 to ₹222.43 crore in FY23, ₹253.50 crore in FY24, and ₹364.66 crore in FY25. Net income rose from ₹27.08 crore in FY22 to ₹36.07 crore in FY23, moderated to ₹32.06 crore in FY24, and increased to ₹61.46 crore in FY25. Operating income grew from ₹33.60 crore in FY22 to ₹45.48 crore in FY23 and ₹75.66 crore in FY25. 

Paras Defence EPS reflects steady improvement aligned with earnings growth. Paras Defence and Space Technologies Ltd EPS stood at ₹3.88 in FY22, increased to ₹4.63 in FY23, moderated to ₹4.11 in FY24, and rose sharply to ₹8.01 in FY25. EPS CAGR over three years reached 27.60 percent, while one-year EPS growth stood at 95.84 percent, reflecting earnings scalability despite cost and margin fluctuations across periods. 

P/E history highlights valuation sensitivity within defence stocks. Paras Defence and Space Technologies Ltd P/E ratio stood at 80.54 in FY22, declined to 50.85 in FY23, rose to 74.43 in FY24, and moderated to 59.79 in FY25, marking a 19.66 percent contraction year-on-year. The trailing twelve-month P/E remained elevated at 75.40. The Paras Defence and Space Technologies Ltd share price remains positioned above its five-year average P/E of 53.12, reflecting premium valuation persistence within the sector 

Summary 

Paras Defence and Space Technologies Ltd continues to maintain a significant presence within India’s defence and space manufacturing ecosystem, supported by its diversified product lines, strategic partnerships, and expanding operational footprint. Market participation and investor interest remain influenced by defence procurement cycles, technology adoption, and execution visibility. Paras share price reflects both sector developments and company-specific milestones, providing insights into market positioning, liquidity, and long-term growth potential. With a focus on innovation, strategic expansion, and execution, the company is well-aligned with India’s evolving defence and aerospace landscape.