India’s Leading Defence Company Secures Incremental Orders Worth Rs 26.6 Crores for Battle-Tank Electronic Control Systems

Paras Defence and Space Technologies Limited (PARAS), a Small-Cap defence technology company, has received incremental orders from Opto Electronics Factory (OLF), a unit of India Optel Ltd., under the Ministry of Defence, Dehradun. The new orders are valued at approximately Rs 26.6 Crores, inclusive of taxes.

These orders are for the supply of additional Electronic Control Systems, which are key components in the Thermal Imaging Fire Control System (TIFCS) used in battle-tank applications delivered to the Indian Armed Forces. The execution of these incremental orders is scheduled from December 2025 to September 2026.

Prior to this, Paras Defence had existing orders for Electronic Control Systems in TIFCS amounting to Rs 115.03 Crores, including taxes. With the inclusion of the new orders, which cover components such as the Control Panel for Ballistic Computer, Ballistic Computer, and Gun Positioning System, the revised total order value stands at Rs 141.63 Crores.

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 5,400 crore and has delivered good profit growth of 26 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.