Defence Company Secures Industrial License for High-Tech Manufacturing Facility in Navi Mumbai, Stock Rally Around 5 Per cent in First 15 Minutes of Trading Session!
The company’s shares have delivered an impressive return of over 85 per cent in the past 1 year.
This Small-Cap defence company is engaged in the design, development, manufacturing, and testing of defence and space engineering products and solutions. The company operates across four major segments: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions.
The Industrial Licensing Section of the Department for Promotion of Industry & Internal Trade, Ministry of Commerce & Industry, has granted an industrial license to Paras Defence and Space Technologies. This license allows the company to establish an industrial facility for manufacturing various high-tech products, including:
- Infrared and Thermal Imaging Equipment: Monoculars, binoculars, cameras, sights, cooled and uncooled cameras, and II tube-based sights.
- Electro-Optics Systems: Cameras, day and night vision systems, security surveillance systems, and radar system platforms.
- Modules and Control Assemblies: Sub-systems for cameras, opto-mechanical assemblies, and opto-electronic assemblies.
- Border Security Surveillance Systems: Infrared and thermal imaging equipment, cameras, sights, and both cooled and uncooled cameras.
- Laser Range Finder Integrated Platforms: Advanced computer-based control and monitoring systems.
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Today, the shares of Paras Defence and Space Technologies are trading at around Rs 1288.85 per share on the BSE. The company’s current market capitalization stands at Rs 5011.51 crore. Additionally, the company’s shares have delivered a return of over 85 per cent in the past year.
As per the Quarterly Results, in the Q1 FY25, Paras Defence and Space Technologies recorded a revenue of Rs 84 crore compared to Rs 48 crore. The operating profit stood at Rs 24 crore. The net profit stood at Rs 14 crore compared to a profit of Rs 6 crore. Looking at the annual performance, the company generated a revenue of Rs 254 crore in FY24. The operating profit for FY24 was Rs 51 crore with a net profit of Rs 30 crore compared to a net profit of Rs 36 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.