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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Paras Defence and Space Technologies Limited is an India-based defense engineering Company. The Company is engaged in offering a range of products and solutions for defense and space application. It operates through two segments: Optics & Optronic Systems and Defense…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, priced for perfection — but flagged on governance.
PARAS DEF AND SPCE TECH L is scored on the general / industrial framework. It keeps a healthy 18.2% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.28×) — worth a closer look. Free cash flow is worth about 0.1% of its market value.
Over the last 3 years revenue compounded at 29%/yr and profit at 36%/yr. Book value itself has compounded 21%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 13.5%. In the latest quarter profit grew 47% versus the prior quarter.
At 114× earnings, the stock sits at the 91st percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price already implies ~30%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Only ₹0.32 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 93.6 | 52.51 | worse |
| P/B | 13.75 | 9.12 | worse |
| EV/EBITDA | 61.29 | 56.03 | worse |
| ROE | 13.51 | 10.93 | better |
| ROCE | 18.13 | 14.44 | better |
| ROA | 9.81 | 7.46 | better |
| Quick Ratio | 2.48 | 2.12 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HAL | 35.7 | 8.1 | 22.2% |
| BEL | 45.1 | 11.0 | 24.4% |
| Solar Industries (india) | 72.0 | 21.9 | 29.5% |
Revenue has grown every year across all 4 financial years shown. 29% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Profit is growing faster than revenue (36% vs 29%) — margin expansion is at work. The latest year saw a +45% swing — check if it's a one-off or structural.
Operating margin has expanded from 20% to 24% — the business is keeping more of each rupee earned.
ROE at 12% — a respectable return on shareholder capital.
Profit grew faster than EPS (36% vs 6%) — share dilution is eroding per-share value. 6% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.3× PAT — reported profit isn't translating into cash, raising earnings quality questions.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 18% sequentially — momentum is building. Wide quarterly swings (40% spread) — likely seasonality, lumpy orders, or project-based revenue.
Profit jumped 47% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (16% → 20%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 53.2% — majority control intact. FII stake up 2.6pp over 4 quarters — growing foreign interest. MF holding up 2.5pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.