1:2 Stock Split: Defence company receives order worth Rs 46.19 crore from Ministry of Defence, Government of India

Paras Defence and Space Technologies Limited, through its subsidiary Paras Anti-Drone Technologies Private Limited, has secured a significant domestic order from the Ministry of Defence, Government of India, valued at approximately Rs 46.19 crore (including GST). This contract involves the supply of Anti-Drone Systems, such as Drone Jammers, and is tentatively scheduled for execution by March 2026. This emphasises the company's role as a key domestic supplier of advanced defence technologies to the Indian government.

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Earlier, the company secured a significant international order from Elbit Security Systems Limited, Israel, for the supply of Electro-Optics. This contract is valued at approximately 3.8 million USD (equivalent to approximately Rs 34 Crore). The execution of this key international order is scheduled to take place over a period from February 2026 to November 2026.

About the Company

Paras Defence and Space Technologies Ltd (PDST) is a leading private Indian company in the defence and space sector. They design, develop, manufacture, and test a wide range of products and solutions for these critical fields. PDST caters to four main areas: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse (EMP) Protection Solutions. This specialisation allows them to serve a diverse clientele. They supply their products to both government and private entities.

Some of their government clients include prestigious organisations like the Indian Defence Force (IDF), Defence Research and Development Organisation (DRDO), Bharat Electronics Limited (BEL), Indian Space Research Organisation (ISRO), Hindustan Aeronautics Limited (HAL), and various shipyards. In the private sector, they partner with companies like Godrej, Tata Power, Larsen & Toubro, Kirloskar, TCS, and Solar Industries. Their reach extends beyond India as well, with international clients including Israel Aerospace Industries, Rafale Advanced Defence Systems, and Elbit Systems.

According to Quarterly Results, the net sales increased by 11 per cent to Rs 93 crore in Q1FY26 compared to Q1FY25. The company reported net profit of Rs 14 crore in Q1FY26. In its annual results, the net sales increased by 44 per cent to Rs 364.66 crore and net profit increased by 104 per cent to Rs 61.46 crore in FY25 compared to FY24.

The shares of the company have been sub-divided/ split of the existing 1 (one) equity share of face value of Rs 10 each, fully paid up, into two equity shares of face value of Rs 5 each, fully paid up. The ex-date for the stock split was July 04, 2025. The company has a market cap of over Rs 5,700 crore and has delivered good profit growth of 26 per cent CAGR over the last 5 years. The stock is up by 78 per cent from its 52-week low of Rs 401 per share.

Disclaimer: The article is for informational purposes only and not investment advice.