1:2 Stock Split: Defence & Space Company Signs Teaming Agreement with High Performance Space Structure Systems GmBH, Germany

Paras Defence and Space Technologies Limited (PARAS) has entered into a Teaming Agreement with Germany's High Performance Space Structure Systems GmbH (HPS) to collaborate on Defence & Space projects within India. This strategic partnership leverages HPS's specialised expertise in the design, manufacturing, integration, and testing of Unfurlable/Deployable Antenna Reflector Subsystems for space applications, along with their proficiency in related areas like solid reflector antennas and lightweight structures.

The core purpose of this exclusive two-year agreement is for PARAS and HPS to combine their unique capabilities to develop and provide these cutting-edge antenna reflector subsystems—which include the reflector and arm assembly, HDRM, thermal hardware, and deployment electronics—specifically for the Indian market. While the agreement is for a set period and can be extended, it's important to note that PARAS does not hold any shareholding in HPS.

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 sub-division/ 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 stock split was July 04, 2025. The company has a market cap of over Rs 5,000 crore and has delivered good profit growth of 25.1 per cent CAGR over the last 5 years. The stock is up by 66 per cent from its 52-week low of Rs 401 per share.

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