Paras Defence stock in focus After Securing DRDO Order for Advanced Air Defence Optical System 

Synopsis :- A defence company secured an Rs. 80.28 crore order from the Defence Research and Development Organisation to develop a high-precision optical system for air defence, with project execution expected within 18 months. 

A small-cap company that is a Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions has come into focus after its share prices rose over 13 percent in today’s trading session. 

With the market capitalization of Rs. 5,803.90 crore, the shares of Paras Defence and Space Technologies Limited were trading at Rs. 719.45, down by 3.99 percent from its previous day’s close price of Rs. 749.35 per equity share. 

What’s the News?

Paras Defence and Space Technologies has received an order worth approximately Rs. 80.28 crore (including taxes) from the Defence Research and Development Organisation (DRDO) under India’s Ministry of Defence. The contract involves the development of a high-precision optical system for air defence applications, highlighting the company’s capabilities in advanced defence technologies.

The order has been awarded by a domestic government entity, and the project is expected to be executed within 18 months from the date of the supply order. This development further strengthens the company’s order book and reinforces its role in India’s growing defence manufacturing ecosystem.

About the Company & Financial

Paras Defence and Space Technologies Limited is an India-based defence and space engineering company engaged in designing, developing, manufacturing, and testing a wide range of products for domestic and international markets. Headquartered in Navi Mumbai and incorporated in 2009, the company provides solutions across defence electronics, optics and optronics, heavy engineering, electromagnetic pulse (EMP) protection systems, and space applications.

The company reported revenue of Rs. 106 crore in Q3FY26, marking a strong 23.3 percent year-on-year growth compared to Rs. 86 crore in Q3FY25. However, on a quarter-on-quarter basis, revenue remained flat at Rs. 106 crore versus Q2FY26, indicating stable topline performance sequentially. The steady quarterly performance alongside healthy annual growth reflects sustained demand momentum.

EBITDA stood at Rs. 26 crore in Q3FY26, compared to Rs. 22 crore in Q3FY25, reflecting a YoY growth of about 18.2 percent. However, on a sequential basis, EBITDA declined from Rs. 30 crore in Q2FY26, registering a QoQ fall of around 13.3 percent, indicating a slight moderation in operating performance during the quarter.

Net profit for Q3FY26 was Rs. 17 crore, registering a 21.4 percent YoY increase from Rs. 14 crore in Q3FY25. However, profit declined 10.5 percent QoQ from Rs. 19 crore in Q2FY26. Profit margin stood at 16.0 percent in Q3FY26 versus 16.3 percent in Q3FY25 and 17.9 percent in Q2FY26, reflecting marginal compression sequentially despite strong annual growth.

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