| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 151 | 106 | +42.9% |
| EBITDA | 44.5 | 29.7 | +49.9% |
| EBITDA margin | 29.5% | 28.1% | +1.4 pts |
| Profit before tax | 40.8 | 26.6 | +53.6% |
| Net profit | 30.6 | 19.5 | +57.0% |
| EPS | ₹3.76 | ₹2.56 | +46.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 10,496 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 26.9 | 25.4 | 34.5 | 3.0 | 17.1 | ||
| −0.4 | −0.3 | −3.3 | −1.3 | 0.2 | ||
| 26.6 | 26.6 | 23.1 | 64.6 | 14.6 | ||
| 10,496 | — | — | — | — | ||
| 557 | 477 | 365 | 254 | 222 | ||
| — | +30.7% | +43.9% | +14.0% | — | ||
| 145 | 120 | 97.2 | 51.1 | 56.8 | ||
| 26.1% | 25.3% | 26.7% | 20.1% | 25.5% | ||
| 127 | 104 | 82.3 | 37.7 | 45.5 | ||
| 107 | 89.5 | 61.5 | 30.0 | 36.0 | ||
| 19.2% | 18.8% | 16.9% | 11.9% | 16.2% | ||
| ₹12.92 | ₹10.93 | ₹7.88 | ₹3.98 | ₹4.48 | ||
| — | +38.8% | +98.0% | −11.1% | — | ||
| — | 24.6 | 44.8 | −45.6 | 45.8 | ||
| — | −37.8 | −35.2 | −26.0 | −25.3 | ||
| −13.2 | −13.2 | 9.6 | −71.6 | 20.4 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 10,496.4 | |
| - Cash, Equiv & ST Investments | 17.1 | 3.0 | 34.5 | 25.4 | 26.9 | |
| + Minority Interest | 0.2 | -1.3 | -3.3 | -0.3 | -0.4 | |
| + Total Debt | 14.6 | 64.6 | 23.1 | 26.6 | 26.6 | |
| Enterprise Value | — | — | — | — | 10,495.6 | |
| Revenue | 222.4 | 253.5 | 364.7 | 476.6 | 556.7 | |
| Growth %, YoY | — | +14.0 | +43.9 | +30.7 | — | |
| EBITDA | 56.8 | 51.1 | 97.2 | 120.5 | 145.3 | |
| Margin % | 25.51 | 20.14 | 26.66 | 25.28 | 26.09 | |
| EBIT | 45.5 | 37.7 | 82.3 | 103.5 | 126.9 | |
| Net Income | 36.0 | 30.0 | 61.5 | 89.5 | 107.0 | |
| Margin % | 16.16 | 11.85 | 16.86 | 18.77 | 19.23 | |
| EPS, Adj (current shares) | 4.48 | 3.98 | 7.88 | 10.93 | 12.92 | |
| Growth %, YoY | — | -11.1 | +98.0 | +38.8 | — | |
| Cash from Operations | 45.8 | -45.6 | 44.8 | 24.6 | — | |
| Capital Expenditures | -25.3 | -26.0 | -35.2 | -37.8 | — | |
| Free Cash Flow | 20.4 | -71.6 | 9.6 | -13.2 | -13.2 | |
Prices at the previous close · figures from the company's filings with NSE
Paras Defence and Space Technologies (NSE: PARAS) had a market capitalisation of ₹10,496 crore at the previous close (₹1,302.60 a share), a PE ratio of 100.8 on the last four quarters' profit and a price-to-book ratio of 13.62. In FY26 its consolidated net profit was ₹88.1 crore on revenue of ₹477 crore; in Q2 FY27 (July–September 2026) it was ₹30.3 crore, up 46.8% year on year. Its debt-to-equity ratio was 0.04 on 30 September 2026. Promoters held 53.20% of the shares on 30 September 2026.
Paras Defence and Space Technologies' PE ratio is 100.8 at the previous close (₹1,302.60 a share): a market capitalisation of ₹10,496 crore divided by consolidated net profit of ₹104 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹88.1 crore) it is 119.1.
Paras Defence and Space Technologies' price-to-book (PB) ratio is 13.62 at the previous close: a market capitalisation of ₹10,496 crore divided by shareholders' equity (book value) of ₹771 crore on 30 September 2026. That is a book value of ₹95.62 per share against a share price of ₹1,302.60.
Paras Defence and Space Technologies' net worth — shareholders' equity in its consolidated balance sheet — was ₹771 crore on 30 September 2026, up 14.7% from ₹672 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹10,496 crore at the previous close.
Paras Defence and Space Technologies' market capitalisation was ₹10,496 crore at the previous close: 8.06 crore shares at ₹1,302.60 each.
Paras Defence and Space Technologies' debt-to-equity ratio was 0.04 on 30 September 2026: borrowings of ₹27.6 crore against total equity of ₹770 crore. A year earlier, on 30 September 2025, it was 0.08.
Paras Defence and Space Technologies' basic earnings per share (EPS) were ₹10.93 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹12.92.
No. Paras Defence and Space Technologies had borrowings of ₹27.6 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.04. Its cash and current investments were ₹192 crore, so it held net cash of ₹164 crore.
Paras Defence and Space Technologies' book value per share was ₹95.62 on 30 September 2026: shareholders' equity of ₹771 crore divided by the 8.06 crore shares in issue, up 14.7% from ₹83.36 a year earlier. The share price at the previous close was ₹1,302.60.
Paras Defence and Space Technologies' dividend yield is 0.08% at the previous close: dividends of ₹1 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,302.60. They were ₹1 on 28 August 2026.
In FY26, Paras Defence and Space Technologies' return on equity (ROE) was 12.9% and its return on capital employed (ROCE) was 14.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 11.7% and ROCE 14.6%.
On 30 September 2026, Paras Defence and Space Technologies' shares were held by promoters 53.20%, foreign portfolio investors (FII/FPI) 7.48%, domestic institutions (DII) 4.63% (including mutual funds at 3.57%) and retail and other non-institutional investors 34.70%. Over the year, FII holding was up 1.79 percentage points from 5.69% and DII holding was up 3.16 percentage points from 1.47%.
On FY26 consolidated figures, against Data Patterns, MTAR Technologies and Zen Technologies: Paras Defence and Space Technologies' operating margin of 21.7% is the third highest of the four (Data Patterns 38.0%, MTAR Technologies 15.5%, Zen Technologies 32.4%; peer average 28.6%); its return on equity of 12.9% is the second highest of the four (Data Patterns 16.7%, MTAR Technologies 12.1%, Zen Technologies 10.8%; peer average 13.2%).
In 2026, Paras Defence and Space Technologies has declared one dividend: ₹1 with record date 28 August 2026.
Promoters held 53.20% of Paras Defence and Space Technologies on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Paras Defence and Space Technologies generated ₹24.6 crore of cash from operations and spent ₹37.8 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹13.2 crore. In FY25 it was ₹9.6 crore.
Paras Defence and Space Technologies' latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹30.3 crore, up 46.8% from ₹20.6 crore in Q2 FY26; revenue from operations ₹151 crore, up 42.9% year on year.
In FY26 (April 2025–March 2026), Paras Defence and Space Technologies' consolidated net profit was ₹88.1 crore, up 38.8% from ₹63.5 crore in FY25, on revenue from operations of ₹477 crore (up 30.7%). Over three years, from FY23, net profit was up 144.2%.
Paras Defence and Space Technologies has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Paras Defence and Space Technologies earned net profit of ₹88.1 crore on revenue of ₹477 crore, against ₹271 crore on ₹925 crore for Data Patterns. Paras Defence and Space Technologies' operating margin was 21.7% (Data Patterns 38.0%) and its return on equity 12.9% (Data Patterns 16.7%).
From Paras Defence and Space Technologies' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.