Paras Defence and Space Technologies Ltd.PARAS₹689.45 +5.42%

Paras Defence and Space Technologies Ltd. announced that it has received a Letter of Acceptance from Opto Electronics Factory (OLF), a unit of India Optel Ltd. under the Ministry of Defence, Government of India, for the supply of additional quantities of Electronic Control Systems used in Thermal Imaging Fire Control Systems (TIFCS) for Battle Tank applications.

Post the announcement, shares of Paras Defence surged over 5%, reaching an intraday high of ₹694.00 apiece. 

The incremental order is valued at approximately ₹26.6 crore (including taxes) and will be executed between December 2025 and September 2026. With this amendment, the total order value for Electronic Control Systems under TIFCS now stands at about ₹141.63 crore (including taxes).

The systems covered under the revised scope include Control Panel for Ballistic Computers, Ballistic Computers, and Gun Positioning Systems, which are critical components in advanced battle tank operations for the Indian Armed Forces.

About Paras Defence & Space Technologies

Paras Defence is one of India’s most progressive Tier-2 defence engineering companies, offering a wide range of defence and space products and solutions. With more than 40 years of experience, the company has strong capabilities in optics, optronics, defence electronics, EMP protection solutions, heavy engineering, drones, and quantum communication technologies.

For the quarter ended June 30, 2025 (Q1 FY26), Paras Defence reported consolidated revenue from operations of ₹9,319 million, compared to ₹8,357 million in the same quarter last year. Profit for the period stood at ₹1,421 million, reflecting steady performance despite higher input costs.

Over the last five years, this stock has given multibagger returns of more than 685%.

Let’s take a look at its Factor Analysis scores: 

Note: The stock prices mentioned are as of 3:03 pm.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.