Paras Defence Key Ratios
NSE: PARAS | BSE: 543367
₹1,249.70
As on 30-Oct-2026IST
Market cap
₹10,072 Cr
Revenue (TTM)
₹557 Cr
P/E Ratio
96.7
P/B Ratio
13.8
Div. Yield
0.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 18.15 | 42.94 | 41.68 | 33.19 | 25.22 |
| EBIT | 43.91 | 54.75 | 47.20 | 41.00 | 22.70 |
| Net Profit | 42.79 | 46.80 | 45.22 | 41.59 | 32.56 |
| EPS | 42.79 | 46.80 | 48.16 | 41.00 | 27.50 |
| Book Value | -- | -- | 14.07 | 21.13 | 25.11 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 20.32 | 20.97 | 22.80 | 21.93 | 23.20 |
| Net Margin
| 15.37 | 15.25 | 18.71 | 18.12 | 16.50 |
| Return on equity
| 11.34 | 11.00 | 13.64 | 13.98 | 12.29 |
| Return on Capital
| 15.68 | 15.14 | -- | 18.68 | 17.03 |
| Return on Assets
| 7.60 | 7.35 | 10.63 | 9.59 | 8.08 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.04 | 0.04 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
--
|
18.68
|
17.03
|
11.34
|
14.49
|
|
Peer Median
|
--
|
14.52
|
11.90
|
12.59
|
--
|
ROE
13.64
Higher than Peers by 1.99
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
13.64
|
13.98
|
12.29
|
7.76
|
10.16
|
|
Peer Median
|
11.66
|
13.98
|
7.76
|
7.93
|
--
|
ROA
10.63
Higher than Peers by 3.62
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
10.63
|
9.59
|
8.08
|
5.12
|
7.35
|
|
Peer Median
|
7.01
|
6.74
|
5.18
|
5.12
|
--
|
EBIT Margin
22.80
Higher than Peers by 3.03
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
22.80
|
21.93
|
23.20
|
15.84
|
20.86
|
|
Peer Median
|
19.77
|
21.49
|
20.26
|
18.78
|
--
|
Net Margin
18.71
Higher than Peers by 3.72
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
18.71
|
18.12
|
16.50
|
11.47
|
15.58
|
|
Peer Median
|
14.98
|
13.09
|
11.47
|
10.93
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
--
|
22.33
|
20.96
|
17.12
|
21.23
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
41.68
Lower than Peers by 3.48
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
41.68
|
30.69
|
43.85
|
13.97
|
21.84
|
|
Peer Median
|
45.17
|
77.12
|
43.85
|
29.60
|
--
|
EBIT Growth
47.20
Lower than Peers by 2.13
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
47.20
|
23.58
|
110.65
|
-13.46
|
10.42
|
|
Peer Median
|
49.34
|
47.20
|
56.93
|
31.03
|
--
|
Net Profit Growth
45.22
Lower than Peers by 8.71
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
45.22
|
45.47
|
104.71
|
-16.42
|
32.73
|
|
Peer Median
|
53.93
|
63.98
|
81.19
|
65.28
|
--
|
EPS Growth
48.16
Higher than Peers by 17.82
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
48.16
|
38.80
|
91.62
|
-11.09
|
33.34
|
|
Peer Median
|
30.34
|
49.89
|
56.95
|
10.00
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
--
|
14.07
|
48.43
|
8.44
|
10.43
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.00
Lower than Peers by 0.00
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
0.00
|
0.04
|
0.04
|
0.16
|
0.04
|
|
Peer Median
|
0.00
|
0.21
|
0.16
|
0.23
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
--
|
0.04
|
0.03
|
0.14
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.76
Higher than Peers by 0.08
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
2.76
|
2.94
|
2.95
|
2.26
|
3.80
|
|
Peer Median
|
2.68
|
2.94
|
2.35
|
2.89
|
--
|
Quick Ratio
2.09
Higher than Peers by 0.52
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
2.09
|
2.29
|
2.23
|
1.44
|
2.67
|
|
Peer Median
|
1.57
|
1.89
|
2.34
|
1.17
|
--
|
Interest Coverage
30.08
Higher than Peers by 22.36
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
30.08
|
18.61
|
10.22
|
6.12
|
7.04
|
|
Peer Median
|
7.72
|
7.59
|
6.12
|
4.67
|
--
|
Operating Efficiency
Debtors to sales
66.83
Higher than Peers by 25.92
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
66.83
|
76.16
|
80.84
|
78.08
|
67.38
|
|
Peer Median
|
40.92
|
54.02
|
42.40
|
63.31
|
--
|
Asset Turnover
0.55
Higher than Peers by 0.06
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
0.55
|
0.51
|
0.48
|
0.43
|
0.45
|
|
Peer Median
|
0.50
|
0.55
|
0.50
|
0.49
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
--
|
251.88
|
246.59
|
250.40
|
223.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
--
|
118.89
|
150.67
|
175.37
|
131.29
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
--
|
85.53
|
123.90
|
131.82
|
71.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
--
|
285.24
|
273.36
|
293.95
|
283.47
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
96.75
No difference
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
96.75
|
54.49
|
30.42
|
37.23
|
50.87
|
|
Peer Median
|
96.75
|
96.75
|
109.94
|
96.83
|
--
|
Price / Book Value
13.82
Higher than Peers by 2.84
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
13.82
|
7.04
|
6.46
|
5.93
|
4.94
|
|
Peer Median
|
10.98
|
12.10
|
11.00
|
8.12
|
--
|
Dividend Yield
0.08
Higher than Peers by 0.01
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
0.08
|
0.17
|
0.10
|
--
|
--
|
|
Peer Median
|
0.07
|
0.06
|
--
|
0.01
|
--
|
EV/EBITDA
61.64
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
61.64
|
34.00
|
35.08
|
39.49
|
27.41
|
|
Peer Median
|
--
|
77.60
|
141.07
|
78.60
|
--
|
Market Cap
10,072
Lower than Peers by 1,799
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Paras Defence
|
10,072
|
4,800
|
3,861
|
2,387
|
1,834
|
|
Peer Median
|
11,872
|
10,072
|
6,497
|
3,830
|
--
|