This small-cap Defence inventory engaged in designing, manufacturing, and supplying superior defence and house optics, optronic methods, and different crucial applied sciences for varied sectors, is in focus after the corporate’s board scheduled a gathering to contemplate and approve a inventory break up and dividend.
Inventory Value Motion
With a market capitalisation of Rs. 4,164.55 crores, the share of Paras Defence and House Applied sciences Restricted has reached an intraday excessive of Rs. 1,095 per fairness share, rising almost 2.07 p.c from its earlier day’s shut worth of Rs. 1,072.75. Since then, the inventory has retreated and is presently buying and selling at Rs. 1,033.55 per fairness share.
What Occurred
Paras Defence and House Applied sciences Restricted has scheduled a Board Assembly on April 30, 2025, to contemplate and approve the audited monetary outcomes for the quarter and 12 months ended March 31, 2025. The assembly will even focus on the sub-division or inventory break up of fairness shares and suggest the cost of a dividend for the monetary 12 months.
Order Ebook
As of September 30, 2024, Elecon Engineering has obtained a robust move of recent orders over the previous 4 years, together with about Rs. 881 crore price within the final 18 months. The corporate additionally has an order backlog of Rs. 850 crore, which is over 3 times its anticipated income for FY2024. This exhibits a transparent path for steady revenue within the coming years.
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Firm operations
The corporate offers a various vary of merchandise and options in two primary areas: Defence & House Optics and Optronic Methods. It operates two manufacturing services, one in Ambernath (Thane) and the opposite in Nerul (Navi Mumbai).
Clientele
The corporate caters to a variety of consumers, together with main authorities our bodies like Indian Ordnance Factories, DRDO, and ISRO, together with personal sector giants akin to Godrej, Tata, and L&T. It additionally has a stable international footprint, partnering with famend worldwide firms like Rafael, IAI, and Elbit Methods throughout a number of industries.
Latest quarter outcomes
Paras Defence and House Applied sciences Restricted’s income rose by 34.38 p.c, rising from Rs. 64 crore in Q3 FY24 to Rs. 86 crore in Q3 FY25. Web revenue additionally noticed robust progress, leaping 133.33 p.c from Rs. 6 crore to Rs. 14 crore throughout the identical interval.
Written By – Nikhil Naik
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