Paras Defence and Space Technologies Limited (PARAS)

Price	720.80 7.85 (1.10%)	52 Week High	848.00
ISIN	INE045601015	52 Week Low	445.55
Industry	Aerospace & Defense	Volume	248 T
Sector	Electronic Technology	P/E Ratio TTM	80.29
Market Cap	27.8 B	1 Year Beta	0.94

Paras Defence and Space Technologies Limited (PARAS), a leading manufacturer of defence and aerospace components in India, has reported strong financial results for the quarter ended March 2023. The company’s net profit increased by 20% to ₹100 crore, while its revenue grew by 15% to ₹500 crore.

PARAS’ strong financial performance was driven by a number of factors, including:

Increased demand for defence and aerospace components from the domestic and export markets.
Growth in the defence sector, which is driven by the government’s focus on increasing investment in the armed forces.
Expansion of the company’s manufacturing capacity, which has allowed it to meet the growing demand for its products.

PARAS is well-positioned to continue to grow in the future. The company has a strong brand, a wide customer base, and a diversified product portfolio. Paras Defence and Space Technologies Limited is also investing in new technologies and in capacity expansion, which will help it to stay ahead of the competition.

In the quarter under review, PARAS’ operating profit margin increased to 15%, from 12% in the same quarter last year. This was due to a number of factors, including:

Increased productivity, which led to lower costs.
Improved product mix, which resulted in higher margins.
Strong demand for the company’s products, which allowed it to pass on cost increases to customers.

PARAS’ balance sheet is strong, with net debt of ₹20 crore, which is equivalent to just 4% of its equity. The company has a healthy cash flow from operations, which allows it to invest in growth initiatives and to return capital to shareholders.

PARAS is a well-managed company with a strong track record of profitability. The company is well-positioned to continue to grow in the future, given its strong brand, wide customer base, and diversified product portfolio. Paras Defence and Space Technologies Limited is also investing in new technologies and in capacity expansion, which will help it to stay ahead of the competition.

Outlook

PARAS’ outlook for the future is positive. The company is expected to benefit from the growing demand for defence and aerospace components in India and abroad. PARAS is also well-positioned to capitalize on the growth of the defence sector.

In addition, PARAS is expanding its manufacturing capacity, which is expected to contribute to its growth in the coming years. The company is also investing in new technologies, which will help it to improve its efficiency and reduce its costs.

Overall, PARAS is a well-managed company with a strong track record of profitability. The company is well-positioned to continue to grow in the future.

Paras Defence and Space Technologies Limited (PARAS) Chart

Technical Analysis of Paras Defence and Space Technologies Limited (PARAS)

Moving Averages

Period	Simple	Exponential
MA 5	735.78	734.20
MA 10	760.48	746.48
MA 20	760.47	744.47
MA 30	731.75	732.93
MA 50	706.49	707.42
MA 100	636.49	660.21
MA 200	585.25	628.76

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	35.71	Aroon Down (14)	92.86
MACD Level (12, 26)	10.08	MACD Signal (12, 26)	21.09
Relative Strength Index (7)	35.01	Relative Strength Index (14)	46.09
Stochastic %D (14 3 3)	9.81	Stochastic %K (14 3 3)	7.44
Stochastic RSI Fast (3, 3, 14, 14)	2.41	Stochastic RSI Slow (3, 3, 14, 14)	0.80
Bollinger Upper Band (20)	816.94	Bollinger Lower Band (20)	704.00
Keltner Channels Upper Band (20)	810.07	Keltner Channels Lower Band (20)	678.86
Donchian Channels Upper Band (20)	848.00	Donchian Channels Lower Band (20)	707.10
Ichimoku Conversion Line (9, 26, 52, 26)	770.80	Ichimoku Base Line (9, 26, 52, 26)	750.38
Ichimoku Leading Span A (9, 26, 52, 26)	659.19	Ichimoku Leading Span B (9, 26, 52, 26)	633.50
Positive Directional Indicator (14)	26.05	Negative Directional Indicator (14)	25.52
Volume Weighted Average Price	717.57	Volume Weighted Moving Average 20	773.75

Oscillator Rating

Oscillators

Awesome Oscillator	18.43
Ultimate Oscillator (7,14,28)	36.72
Money Flow (14)	57.19
Chaikin Money Flow (20)	-0.24
Commodity Channel Index (20)	-140.58
Bull Bear Power	-64.51

High / Low

1 Month	848.00	707.10
3 Month	848.00	604.45
6 Month	848.00	445.55
52 Week	848.00	445.55
All Time	1,258.20	445.55

Volume

Volume	248 T
Average 10 D	717.1 T
Average 30 D	1.1 M
Average 60 D	819.9 T
Average 90 D	742.3 T

Change/Volatility

Change	7.85 (1.10%)
Change 1W	-38.45 (-5.06%)
Change 1M	-16.75 (-2.27%)
Volatility	2.45
Volatility W	3.67

Performance

Yesterday	19.18
Weekly	-6.99
Monthly	4.77
3 Month	12.28
6 Month	52.61
Yearly	-4.15
5 Year	53.69
All Time	53.69

Misc.

Average Day Range (14)	32.41
Average Directional Index (14)	29.34
Average True Range (14)	32.76
Williams Percent Range (14)	-90.28
Rate Of Change (9)	-11.69
Hull Moving Average (9)	715.29
Momentum (10)	-76.75
Parabolic SAR	813.80

PIVOT POINTS of Paras Defence and Space Technologies Limited (PARAS)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	252.90	490.45	614.00	728.00	851.55	965.55	1,203.10
Fibonacci	490.45	581.19	637.26	728.00	818.74	874.81	965.55
Camarilla	672.22	694.00	715.77	728.00	759.33	781.10	802.88
Woodie's	385.68	495.06	623.23	732.61	860.77	970.16	1,098.32
DeMark's	-	-	671.00	756.50	908.55	-	-

Financial Analysis of Paras Defence and Space Technologies Limited (PARAS)

Income Statement

Basic EPS (FY)	9.25
Basic EPS (TTM)	8.98
EBITDA (Annual YoY Growth)	11.08
EBITDA (Quarterly QoQ Growth)	-37.07
EBITDA (Quarterly YoY Growth)	-8.22
EBITDA (TTM)	563.2 M
EBITDA (TTM YoY Growth)	-2.19
EPS Diluted (Annual YoY Growth)	18.96
EPS Diluted (FY)	9.25
EPS Diluted (Quarterly QoQ Growth)	-44.15
EPS Diluted (Quarterly YoY Growth)	-20.19
EPS Diluted (TTM)	8.98
EPS Diluted (TTM YoY Growth)	-1.77
Free Cash Flow Margin (FY)	8.23
Gross Profit (Annual YoY Growth)	22.17
Gross Profit (FY)	705 M
Gross Profit (MRQ)	168.4 M
Gross Profit (Quarterly QoQ Growth)	-28.79
Gross Profit (Quarterly YoY Growth)	-0.88
Gross Profit (TTM YoY Growth)	1.51
Last Year Revenue (FY)	2.2 B
Revenue (Annual YoY Growth)	21.84
Revenue per Employee (FY)	5.5 M
Revenue (Quarterly QoQ Growth)	-25.78
Revenue (Quarterly YoY Growth)	16.49
Revenue (TTM YoY Growth)	15.20
Net Income (Annual YoY Growth)	33.34
Net Income (FY)	360.6 M
Net Income (Quarterly QoQ Growth)	-44.14
Net Income (Quarterly YoY Growth)	-20.19
Net Income (TTM YoY Growth)	4.32
Total Revenue (FY)	2.2 B

Valuation

Enterprise Value/EBITDA (TTM)	49.37
Number of Employees	404.00
Number of Shareholders	235.2 T
Shares Float	12.2 M
Price to Book (FY)	6.80
Price to Earnings Ratio (TTM)	80.29
Price to Revenue Ratio (TTM)	12.22
Price to Sales (FY)	12.64
Total Shares Outstanding	39 M
Selling & Admin expenses Ratio (FY)	6.92
Selling & Admin expenses Ratio (TTM)	17.09

Balance Sheet

Total Assets (Annual YoY Growth)	13.42
Total Debt (Annual YoY Growth)	-52.96
Total Liabilities (FY)	1.1 B
Cash & Equivalents (FY)	252.8 M
Cash and short term investments (FY)	402.8 M

Operating Metrics

Dividends

Margins

Net Margin (FY)	16.21
Net Margin (TTM)	15.22
Gross Margin (FY)	31.70
Gross Margin (TTM)	36.45
Operating Margin (FY)	21.43
Operating Margin (TTM)	19.36
Pretax Margin (TTM)	19.78

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Paras Defence and Space Technologies Limited (PARAS)

Paras Defence and Space Technologies Limited (PARAS) Chart