1:2 Stock Split: Defence company signs MoU with Cielo Inertial Solutions Ltd
DSIJ Intelligence-1 / 14 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 81.3 per cent from its 52-week low of Rs 401 per share.
Defence-and-space-technologies-ltd-301603">Paras Defence and Space Technologies Limited (PARAS) has entered into a Memorandum of Understanding (MoU) with Cielo Inertial Solutions Ltd. (CIELO) from Israel, a global expert and manufacturer specializing in advanced inertial solutions such as Closed Loop Fiber Optic Gyros (FOGs), Inertial Measurement Units (IMUs), GyroCompass, North Finding Systems, and Inertial Navigation Systems (INS). This strategic collaboration aims to leverage the respective strengths of both companies to actively promote, market, sell, and eventually produce inertial sensors and Closed Loop FOG-based inertial solutions within the Indian market.
Earlier, the company 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.
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 81.3 per cent from its 52-week low of Rs 401 per share.
Disclaimer: The article is for informational purposes only and not investment advice.