Promoters sold 13,34,208 shares while FIIs bought 8,21,215 shares & DIIs bought 2,50,252 shares: Defence company announces 1:2 stock split
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 802 per share.
On Wednesday, shares of Paras Defence and Space Technologies Ltd gained 1.85 per cent to Rs 1,644.20 per share from its previous closing of Rs 1,614.20 per share. The stock’s 52-week high is Rs 1,943.60 per share and its 52-week low is Rs 802 per share.
Paras Defence and Space Technologies Ltd has fixed Friday, July 04, 2025 as the “Record Date” to determine the eligibility of shareholders for sub-division/ split of existing 1 (one) Equity Share of face value of Rs 10 (Rupees Ten Only) each fully paid up into 2 (two) Equity Shares of face value of Rs 5 (Rupees Five Only) each fully paid up, as approved by the shareholders through Postal Ballot on June 07, 2025.
Earlier, the company formed a joint venture with Israel's Heven Drones Ltd. to create an Indian drone manufacturing subsidiary. Paras Defence will hold 51% ownership, and Heven Drones 49%. The new entity, likely named "Paras Heven Advanced Drones Private Limited," will have an initial capital of Rs 1,00,000. This JV combines Paras Defence's manufacturing capabilities with Heven Drones' hydrogen-powered drone technology, bringing this advanced solution to India for the first time. The focus will be on developing and producing logistics and cargo drones for defence and civil sectors, with applications in long-endurance missions, payload delivery, surveillance, and high-altitude operations, eventually targeting global markets.
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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 36 per cent to Rs 108.23 crore and net profit increased by 117 per cent to Rs 20.76 crore in Q4FY25 compared to Q4FY24. 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.
In May 2025, Promoters sold 13,34,208 shares while FIIs bought 8,21,215 shares & DIIs bought 2,50,252 shares. The company has a market cap of over Rs 6,500 crore with a 1-year stock price CAGR of 100 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 802 per share.
Disclaimer: The article is for informational purposes only and not investment advice.