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Paras Defence Bags Rs 80.28 Cr Order from DRDO for Air Defence Optical Systems
Paras Defence and Space Technologies has secured a significant domestic order valued at approximately Rs 80.28 crore from the DRDO, Ministry of Defence. The contract involves the development of High Precision Optical Systems specifically for Air Defence Applications. The execution of this order is expected to be completed within a period of 18 months. This win reinforces the company's specialized position in the high-tech defence optics segment and provides clear revenue visibility for the near term.
Key Highlights
Order value of approximately Rs 80.28 crore including taxes
Awarded by DRDO, Ministry of Defence for High Precision Optical Systems
Project execution timeline is 18 months from the date of supply order
Focuses on critical technology for Air Defence Applications
💼 Action for Investors
This contract win is a positive indicator of the company's technical capabilities and its ability to secure high-value government projects. Investors should monitor the company's execution progress and potential for similar high-margin orders in the defence electronics space.
Paras Defence Incorporates Semiconductor Subsidiary; Holds 70% Stake for OSAT Business
Paras Defence and Space Technologies has incorporated a new subsidiary, Paras Semiconductors Private Limited, on February 27, 2026. The company holds a 70% majority stake in the new entity, having subscribed to 70,000 equity shares at a total cost of ₹7,00,000. This subsidiary is strategically positioned to enter the semiconductor space, specifically focusing on Advanced Heterogeneous Packaging and 3D Packaging OSAT (Outsourced Semiconductor Assembly and Testing). The venture targets high-growth applications including AI, High-Performance Computing (HPC), and Data Centers.
Key Highlights
Incorporation of Paras Semiconductors Private Limited as a 70% owned subsidiary of Paras Defence.
Initial investment of ₹7,00,000 for 70,000 equity shares at ₹10 per share.
Business focus on State-of-the-Art Advanced Heterogeneous Packaging and 3D Packaging OSAT.
Target markets include AI, High-Performance Computing (HPC), Networking, and Data Center applications.
Move aligns with India's strategic push into the semiconductor manufacturing and assembly ecosystem.
💼 Action for Investors
Investors should monitor this development as a significant long-term growth lever that diversifies the company into the high-tech semiconductor value chain. Watch for future announcements regarding capital expenditure plans and potential partnerships for the OSAT facility.
Paras Defence Acquires 49% Stake in Himanshi Thermal Solutions for Rs 49,000
Paras Defence and Space Technologies has completed the acquisition of a 49% equity stake in Himanshi Thermal Solutions Private Limited from DefSpace Technologies. The acquisition was executed for a nominal cash consideration of Rs 49,000, making Himanshi Thermal an Associate Company. The target entity specializes in thermal management solutions, including liquid cold plates for space and airborne applications, which aligns with Paras's core aerospace and defense business. Despite the strategic fit, the target company reported nil turnover for the last two fiscal years and remains loss-making.
Key Highlights
Acquired 4,900 equity shares representing a 49% stake for a total cash consideration of Rs 49,000.
Himanshi Thermal Solutions specializes in liquid cold plates for space/airborne applications and vacuum heat treatment.
The target company reported nil turnover in FY25 and FY24, with a turnover of Rs 2.15 lakh in FY23.
The transaction is classified as a Related Party Transaction as shares were acquired from DefSpace Technologies.
Himanshi Thermal has officially become an Associate Company of Paras Defence as of February 19, 2026.
💼 Action for Investors
This is a very small-scale strategic acquisition aimed at niche technical capabilities rather than immediate revenue growth. Investors should monitor if this thermal management expertise helps Paras secure larger aerospace contracts in the future.
Paras Defence to Acquire 49% Stake in Himanshi Thermal Solutions for Rs 49,000
Paras Defence and Space Technologies has approved the acquisition of a 49% equity stake in Himanshi Thermal Solutions Private Limited from DefSpace Technologies. The acquisition is a related party transaction with a nominal cash consideration of Rs 49,000 for 4,900 shares. Himanshi Thermal specializes in thermal management solutions like liquid cold plates for aerospace and space applications, though it has reported zero turnover for the last three fiscal years. This strategic move aims to expand Paras's high-technology engineering capabilities, making the target an associate company.
Key Highlights
Acquisition of 4,900 equity shares representing a 49% stake in Himanshi Thermal Solutions.
Total acquisition cost is nominal at Rs 49,000, with completion expected by March 31, 2026.
Target entity specializes in liquid cold plates for space/airborne applications and vacuum heat treatment.
Himanshi Thermal reported nil turnover for FY 24-25, FY 23-24, and FY 22-23, with a loss of Rs 8.88 lakhs in FY 25.
The transaction is a Related Party Transaction as shares are being acquired from DefSpace Technologies.
💼 Action for Investors
This is a small-scale strategic acquisition focused on niche technology rather than immediate financial gains. Investors should monitor how this thermal management expertise is integrated into Paras's broader aerospace and defense offerings.
Paras Defence Q3 FY26 PAT Rises 18% YoY to ₹19.5 Cr; New Avionics Subsidiary Approved
Paras Defence and Space Technologies reported a strong year-on-year performance for Q3 FY26, with standalone revenue growing 23% to ₹100.83 crore. Net profit for the quarter increased by 18% YoY to ₹19.53 crore, although it saw a slight sequential decline from Q2. The company also announced the strategic formation of a new subsidiary (60% stake) dedicated to avionics systems and aerospace maintenance. The Optics and Optronic Systems segment remains the primary growth driver, contributing over 57% of the total revenue.
Key Highlights
Standalone Revenue from Operations increased 23% YoY to ₹10,083 Lakhs from ₹8,198 Lakhs.
Standalone Profit After Tax (PAT) grew 18% YoY to ₹1,953 Lakhs compared to ₹1,657 Lakhs in the previous year.
Optics and Optronic Systems segment revenue rose significantly to ₹5,840 Lakhs from ₹4,488 Lakhs YoY.
Board approved a new 60%-owned subsidiary, Paras Avionics Private Limited, for aerospace systems and overhauling.
Basic EPS for the quarter stood at ₹2.42, adjusted for the recent 1:2 stock split (face value ₹5).
💼 Action for Investors
Investors should view the steady YoY growth and expansion into avionics as positive indicators of long-term scalability. Maintain a watch on the execution of the new subsidiary and the order book in the high-margin Optics segment.
Paras Defence Q3 Net Profit Rises 18% to ₹19.5 Cr; Announces New Avionics Subsidiary
Paras Defence reported a 23% YoY growth in standalone revenue to ₹100.83 crore for the quarter ended December 31, 2025. Net profit for the period increased by 18% YoY to ₹19.53 crore, despite a one-time ₹1.68 crore impact from new labour code gratuity provisions. The company's Optics and Optronic Systems segment performed strongly, contributing ₹58.4 crore to the top line. Furthermore, the board approved the incorporation of a new 60%-owned subsidiary dedicated to avionics and aerospace systems, signaling further expansion in the high-tech defense sector.
Key Highlights
Standalone Revenue from Operations grew 23% YoY to ₹100.83 crore in Q3 FY26.
Net Profit for the quarter stood at ₹19.53 crore, up from ₹16.57 crore in the previous year's corresponding quarter.
Optics and Optronic Systems segment revenue increased significantly to ₹58.40 crore from ₹44.88 crore YoY.
Board approved a new subsidiary (60% stake) for avionic applications, manufacturing, and MRO services.
Earnings Per Share (EPS) for the quarter was ₹2.42, adjusted for the recent 1:2 stock split.
💼 Action for Investors
Investors should take note of the robust growth in the high-margin optics segment and the strategic move into the avionics market. The steady earnings growth and expansion into new defense verticals support a positive long-term outlook for the stock.
Paras Defence to Form Subsidiary for Semiconductor OSAT with 70% Stake
Paras Defence and Space Technologies has approved the incorporation of a new subsidiary, Paras Semiconductors Private Limited, to enter the semiconductor OSAT market. The company will hold a 70% stake in the entity with an initial cash investment of ₹7,00,000. The subsidiary will focus on advanced technologies including 3D Packaging and Heterogeneous Packaging for AI, High-Performance Computing, and Data Centers. This move represents a significant strategic expansion into the high-growth semiconductor value chain.
Key Highlights
Incorporation of 'Paras Semiconductors Private Limited' as a 70% owned subsidiary
Focus on State-of-the-Art Advanced Heterogeneous and 3D Packaging OSAT
Targeting high-growth sectors: AI, HPC, Networking, and Data Center applications
Initial subscription of 70,000 equity shares at ₹10 each, totaling ₹7,00,000
Strategic move to diversify into the semiconductor assembly and testing industry
💼 Action for Investors
Investors should view this as a long-term positive strategic shift into a high-entry-barrier industry. Monitor future announcements regarding capital expenditure, technology partnerships, and government incentive approvals for the OSAT facility.
Paras Defence Extends Timeline for 58.02% Stake Sale in Ayatti Innovative to March 2026
Paras Defence and Space Technologies has extended the deadline for the divestment of its 58.02% stake in subsidiary Ayatti Innovative Private Limited. The transaction, originally expected to conclude by December 31, 2025, is now slated for completion by March 31, 2026, due to ongoing due diligence by prospective buyers. Ayatti is currently a non-performing unit, reporting zero turnover and a negative net worth of Rs. 2.55 crore in FY 23-24. The company will disclose the final consideration and buyer details once the definitive agreement is signed.
Key Highlights
Divestment involves 15,20,000 equity shares representing a 58.02% stake in Ayatti Innovative.
Completion timeline extended by three months to March 31, 2026, pending due diligence.
Ayatti Innovative contributed NIL revenue to consolidated turnover in FY 23-24.
The subsidiary had a negative net worth of Rs. 2.55 crore as of March 31, 2024.
Transaction is confirmed to be with non-promoter entities and is not a related party transaction.
💼 Action for Investors
Investors should monitor the final sale consideration as the exit from a loss-making, zero-revenue subsidiary is fundamentally positive for the company's consolidated balance sheet. The delay is administrative and does not currently signal a deal failure.