By [Sandeep Bishnoi]
October 11, 2024
Introduction
Paras Defence and Space Technologies Ltd., a renowned company in India’s defence and space sector, is known for its innovation, cutting-edge technology, and growing international presence. With its headquarters in Mumbai and a workforce of over 600 employees, the company offers high-quality defence and space equipment, including advanced electronic systems and heavy engineering products.
https://parasdefence.com/This article provides a comprehensive analysis of Paras Defence’s share price targets for 2024, 2025, 2030, 2040, and 2050, along with a discussion of risk factors, competitors, future plans, and more.
Discover Paras Defence Share Price Target for 2024, 2025, 2030, 2040, and 2050. Get insights into the company’s growth potential, risk factors, competitors, and future strategies.
Paras Defence Share Price Target Table (2024-2050)
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2024 | ₹720 | ₹1585 |
| 2025 | ₹1065 | ₹2365 |
| 2030 | ₹2905 | ₹3140 |
| 2040 | ₹4830 | ₹5055 |
| 2050 | ₹8780 | ₹9135 |
Summary of Yearly Projections for Paras Defence
- 2024 Summary:
In 2024, Paras Defence and Space Technologies Ltd. is expected to continue its upward growth, largely due to government contracts and increasing demand in the defence sector. The stock price is projected to range between ₹720 to ₹1585, driven by the company’s strong product portfolio and market expansion. - 2025 Summary:
By 2025, Paras Defence will likely benefit from further international expansion and increased export revenue. The company’s financials are expected to improve as it takes on new global defence and space projects, pushing the share price between ₹1065 to ₹2365. - 2030 Summary:
In 2030, Paras Defence is projected to see significant growth in share price, reaching between ₹2905 to ₹3140. This growth will be fueled by continued innovation in anti-drone systems, electronic warfare technology, and expansion into new markets. The company’s advanced manufacturing capabilities will give it a competitive edge. - 2040 Summary:
By 2040, Paras Defence is expected to be a major player in both the Indian and global defence markets. With cutting-edge technology and government support, the stock could trade between ₹4830 to ₹5055. The company’s strategic focus on R&D and innovation will likely keep it ahead of its competitors. - 2050 Summary:
Looking ahead to 2050, Paras Defence and Space Technologies Ltd. is expected to establish itself as a global leader in defence technology, with a share price projected between ₹8780 to ₹9135. Long-term growth will be driven by its sustained focus on high-tech defence products and continued government contracts, both domestic and international.
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Paras Defence Share Price Target 2024
Paras Defence is expected to experience steady growth in 2024 as it continues to secure large defence contracts from both Indian and international clients. The company’s focus on high-tech, defence-related products ensures it remains a key player in the industry.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2024 | ₹720 | ₹1585 |
Summary:
In 2024, Paras Defence is projected to strengthen its position in the market due to increased defence spending and its expanding client base. The share price is expected to range between ₹720 and ₹1585, driven by steady revenue growth and new contracts.
Paras Defence Share Price Target 2025
The company continues to expand into international markets, increasing its share of exports. By 2025, Paras Defence’s reputation as a reliable defence equipment provider is expected to boost the share price further.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2025 | ₹1065 | ₹2365 |
Summary:
In 2025, Paras Defence is likely to benefit from growing export demand and international expansion. With new defence and space projects in the pipeline, the share price could range between ₹1065 and ₹2365.
Paras Defence Share Price Target 2030
By 2030, Paras Defence will likely solidify its leadership in cutting-edge defence technology, including drones, electronic warfare systems, and quantum communication. The company’s sustained investment in R&D ensures long-term growth.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2030 | ₹2905 | ₹3140 |
Summary:
With advancements in technology and expanding international collaborations, Paras Defence’s share price is expected to reach between ₹2905 and ₹3140 by 2030.
Paras Defence Share Price Target 2040
The Indian government’s increasing investment in defence, coupled with Paras Defence’s innovation in areas like anti-drone technology and electromagnetic pulse (EMP) protection, will likely drive the company’s growth well into 2040.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2040 | ₹4830 | ₹5055 |
Summary:
By 2040, Paras Defence will be at the forefront of defence technology, with a share price projected between ₹4830 and ₹5055, supported by both domestic and international contracts.
Paras Defence Share Price Target 2050
Looking forward to 2050, Paras Defence is expected to become a global leader in defence technology, with a significant portion of revenue coming from exports. Its cutting-edge products and technological prowess will ensure sustained growth over the long term.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|
| 2050 | ₹8780 | ₹9135 |
Summary:
By 2050, Paras Defence’s leadership in defence technologies and space exploration is expected to push the stock price to between ₹8780 and ₹9135, cementing its position as a global powerhouse in the defence sector.
Explore Category
Paras Defence Annual Report (FY 2023-24)
| Metric | FY 2023-24 (₹ Crore) | FY 2022-23 (₹ Crore) |
|---|
| Revenue | ₹253.5 | ₹208.1 |
| Net Profit | ₹30.04 | ₹20.5 |
| EBITDA | ₹51.05 | ₹40.1 |
| Operating Profit Margin | 20.14% | 19.28% |
| Return on Equity (ROE) | 7.96% | 6.2% |
| Debt to Equity Ratio | 0.15 | 0.18 |
| Earnings Per Share (EPS) | ₹8.77 | ₹7.10 |
| Cash EPS | ₹11.89 | ₹9.85 |
| Total Assets | ₹512.5 | ₹470.2 |
| Total Liabilities | ₹85.0 | ₹90.5 |
Summary of Financial Performance (FY 2023-24)
- Revenue Growth: Paras Defence saw a notable increase in revenue, growing from ₹208.1 crore in FY 2022-23 to ₹253.5 crore in FY 2023-24, driven by strong demand in the defence and space sectors.
- Profit Increase: The company’s net profit grew by 46.5%, reaching ₹30.04 crore compared to ₹20.5 crore in the previous year. This growth was supported by an increase in operational efficiency.
- EBITDA: The EBITDA increased from ₹40.1 crore in FY 2022-23 to ₹51.05 crore in FY 2023-24, reflecting better margin control and cost management.
- Return on Equity (ROE): ROE improved from 6.2% to 7.96%, indicating better returns for shareholders.
- Debt to Equity: The company’s debt-to-equity ratio decreased slightly to 0.15, showcasing the company’s effective debt management and strong financial health.
- Earnings Per Share (EPS): EPS increased to ₹8.77, showing improved profitability on a per-share basis.
Conclusion: Paras Defence has shown strong financial growth in FY 2023-24, with improvements across all key financial metrics. The company’s continued focus on innovation, product development, and international expansion positions it for sustained success in the defence and space sectors.
Risk Factors
While Paras Defence has a strong outlook, there are several risks to keep in mind:
- Government Dependency: A significant portion of the company’s revenue comes from government contracts, which can be impacted by policy changes.
- Technology Obsolescence: The defence sector rapidly evolves, and the company must continuously innovate to stay competitive.
- Competition: Paras Defence faces increasing competition from both domestic and international defence manufacturers, which may affect its market share.
Competitor Summary
Paras Defence competes with several major companies in the defence industry. Key competitors include:
- Bharat Electronics Ltd (BEL): A leading state-owned company providing advanced electronics for defence.
- Hindustan Aeronautics Ltd (HAL): Specializes in aerospace and defence manufacturing.
- Larsen & Toubro (L&T) Defence: A private company known for its heavy engineering in defence.
- Godrej Aerospace: A significant player in manufacturing aerospace and defence components.
- Alpha Design Technologies: Provides defence electronics and avionics systems.
Products and Services
Paras Defence offers a wide range of high-tech products and services, including:
- Electronic Warfare Systems
- Drones and Anti-Drone Technology
- Submarine Optronics and Optical Coatings
- EMP Protection Solutions
- Hyperspectral Imaging Systems
These products are integral to both defence and space applications, making Paras Defence a leader in the industry.
Future Plans
Paras Defence has ambitious plans for the future, including:
- Expansion into Quantum Communication: The company aims to lead India in this advanced technology field.
- Anti-Drone Systems: With growing global demand for anti-drone technology, Paras Defence plans to expand production.
- International Growth: The company is actively expanding into international markets, focusing on exports to over 75 countries.
Profit and Loss Table
| Metric | FY 2023-24 (₹ Crore) | FY 2022-23 (₹ Crore) |
|---|
| Revenue | ₹253.5 | ₹208.1 |
| Net Profit | ₹30.04 | ₹20.5 |
| EBITDA | ₹51.05 | ₹40.1 |
| Return on Equity | 7.96% | 6.2% |
Summary:
Paras Defence’s financials indicate steady growth, with an increase in both revenue and profit year over year. The company’s return on equity (ROE) reflects its efficiency in generating returns for shareholders.
Pros and Cons
Pros:
- Strong partnerships with government agencies like ISRO and DRDO.
- Consistent revenue growth with minimal debt.
- High-tech product range catering to both defence and space sectors.
Cons:
- Dependence on government contracts for revenue.
- Intense competition in the defence sector.
- Rapid technological advancements may require significant R&D investments.
FAQs
What is Paras Defence’s share price target for 2024?
The expected share price for 2024 is between ₹720 and ₹1585.
Is Paras Defence a good long-term investment?
Yes, Paras Defence’s steady growth and innovation in defence technologies make it a strong long-term investment.
What are Paras Defence’s key products?
The company offers products such as electronic warfare systems, drones, and submarine optronics.
What risks should I be aware of when investing in Paras Defence?
Risks include government dependency, competition, and the need to keep pace with rapid technological advancements.
How is Paras Defence expanding internationally?
The company currently exports to over 75 countries and plans to grow its global presence further.
What is Paras Defence’s projected share price in 2030?
By 2030, the share price is projected to reach between ₹2905 and ₹3140.
Does Paras Defence have strong financials?
Yes, the company has shown consistent growth in revenue and profit, with minimal debt.
Conclusion
Paras Defence and Space Technologies is a leading player in India’s defence and space sectors, with strong financials and consistent growth. Its cutting-edge technology, solid government contracts, and expanding global presence make it a promising stock for long-term investors. With share price targets indicating substantial growth over the next few decades, Paras Defence is well-positioned to thrive in the evolving defence landscape.
Disclaimer: This forecast is based on available information and analysis. Actual stock prices can be influenced by various factors, including geopolitical events, unforeseen circumstances, and changes in market sentiment. It is essential to conduct thorough research and consider multiple factors before making any investment decisions.
Alert: This is just an estimate that the share target of Paras Defence can be this much. If you want to invest then talk to an advisor and then invest. www.Homedecore24.com/Finance will not take any responsibility if your money is lost. Please invest money at your own risk.
