Paras Defence and Space Technologies Limited (PARAS) - Net Assets
Based on the latest financial reports, Paras Defence and Space Technologies Limited (PARAS) has net assets worth Rs6.67 Billion INR (≈ $72.10 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs9.23 Billion ≈ $99.81 Million USD) and total liabilities (Rs2.56 Billion ≈ $27.71 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Paras Defence and Space Technologies Lim (PARAS) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs6.67 Billion |
| % of Total Assets | 72.23% |
| Annual Growth Rate | 43.0% |
| 5-Year Change | 207.99% |
| 10-Year Change | N/A |
| Growth Volatility | 84.13 |
Paras Defence and Space Technologies Limited - Net Assets Trend (2016–2025)
This chart illustrates how Paras Defence and Space Technologies Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see PARAS stock market capitalisation.
Annual Net Assets for Paras Defence and Space Technologies Limited (2016–2025)
The table below shows the annual net assets of Paras Defence and Space Technologies Limited from 2016 to 2025. Also explore Paras Defence and Space Technologies Lim net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs6.37 Billion ≈ $68.85 Million |
+43.62% |
| 2024-03-31 | Rs4.43 Billion ≈ $47.94 Million |
+7.21% |
| 2023-03-31 | Rs4.13 Billion ≈ $44.71 Million |
+9.23% |
| 2022-03-31 | Rs3.79 Billion ≈ $40.94 Million |
+83.13% |
| 2021-03-31 | Rs2.07 Billion ≈ $22.35 Million |
+19.74% |
| 2020-03-31 | Rs1.73 Billion ≈ $18.67 Million |
+13.29% |
| 2019-03-31 | Rs1.52 Billion ≈ $16.48 Million |
+23.04% |
| 2018-03-31 | Rs1.24 Billion ≈ $13.39 Million |
+25.83% |
| 2017-03-31 | Rs984.16 Million ≈ $10.64 Million |
+286.47% |
| 2016-03-31 | Rs254.65 Million ≈ $2.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Paras Defence and Space Technologies Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 268903238000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.58 Billion | 40.25% |
| Common Stock | Rs402.90 Million | 6.30% |
| Other Comprehensive Income | Rs338.20 Million | 5.28% |
| Other Components | Rs3.08 Billion | 48.17% |
| Total Equity | Rs6.40 Billion | 100.00% |
Paras Defence and Space Technologies Limited Competitors by Market Cap
The table below lists competitors of Paras Defence and Space Technologies Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ladder Capital Corp Class A
NYSE:LADR
|
$1.20 Billion |
|
Beijing Capital Development Co Ltd
SHG:600376
|
$1.20 Billion |
|
Ascletis Pharma Inc
F:2VJ
|
$1.20 Billion |
|
Beijing Hotgen Biotech Co Ltd
SHG:688068
|
$1.20 Billion |
|
FuelCell Energy Inc
NASDAQ:FCEL
|
$1.20 Billion |
|
Neuberger Berman Next Generation Connectivity Fund Inc
NYSE:NBXG
|
$1.20 Billion |
|
Jiangsu Zhongchao Cable Co Ltd
SHE:002471
|
$1.19 Billion |
|
Labrador Iron Ore Royalty Corp
TO:LIF
|
$1.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Paras Defence and Space Technologies Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,446,200,000 to 6,399,400,000, a change of 1,953,200,000 (43.9%).
- Net income of 634,700,000 contributed positively to equity growth.
- New share issuances of 1,315,000,000 increased equity.
- Other comprehensive income decreased equity by 1,561,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs634.70 Million | +9.92% |
| Share Issuances | Rs1.31 Billion | +20.55% |
| Other Comprehensive Income | Rs-1.56 Million | -0.02% |
| Other Changes | Rs5.06 Million | +0.08% |
| Total Change | Rs- | 43.93% |
Book Value vs Market Value Analysis
This analysis compares Paras Defence and Space Technologies Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 17.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 87.56x to 17.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | Rs15.68 | Rs1372.70 | x |
| 2018-03-31 | Rs22.18 | Rs1372.70 | x |
| 2019-03-31 | Rs27.06 | Rs1372.70 | x |
| 2020-03-31 | Rs30.38 | Rs1372.70 | x |
| 2021-03-31 | Rs36.33 | Rs1372.70 | x |
| 2022-03-31 | Rs54.34 | Rs1372.70 | x |
| 2023-03-31 | Rs52.98 | Rs1372.70 | x |
| 2024-03-31 | Rs57.00 | Rs1372.70 | x |
| 2025-03-31 | Rs80.76 | Rs1372.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Paras Defence and Space Technologies Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.41%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.33x
- Recent ROE (9.92%) is above the historical average (8.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -5.70% | 0.00% | 0.00x | 1.03x | Rs-39.97 Million |
| 2017 | 9.65% | 4.73% | 0.66x | 3.10x | Rs-2.73 Million |
| 2018 | 20.25% | 17.53% | 0.56x | 2.07x | Rs126.97 Million |
| 2019 | 12.45% | 12.29% | 0.47x | 2.16x | Rs37.33 Million |
| 2020 | 11.39% | 13.37% | 0.43x | 1.98x | Rs23.95 Million |
| 2021 | 7.61% | 10.97% | 0.40x | 1.76x | Rs-49.38 Million |
| 2022 | 7.15% | 14.82% | 0.40x | 1.21x | Rs-107.72 Million |
| 2023 | 8.73% | 16.22% | 0.43x | 1.26x | Rs-52.55 Million |
| 2024 | 7.21% | 12.65% | 0.40x | 1.44x | Rs-124.02 Million |
| 2025 | 9.92% | 17.41% | 0.43x | 1.33x | Rs-5.24 Million |
Industry Comparison
This section compares Paras Defence and Space Technologies Limited's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $34,917,508,700
- Average return on equity (ROE) among peers: 19.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Paras Defence and Space Technologies Limited (PARAS) | Rs6.67 Billion | -5.70% | 0.38x | $1.20 Billion |
| Apollo Micro Systems Limited (APOLLO) | $5.19 Billion | 5.99% | 0.84x | $1.49 Billion |
| Bharat Dynamics Limited (BDL) | $12.76 Billion | 27.08% | 5.46x | $4.74 Billion |
| Bharat Electronics Limited (BEL_old) | $80.29 Billion | 17.83% | 1.36x | $29.41 Billion |
| Cochin Shipyard Limited (COCHINSHIP) | $15.63 Billion | 4.43% | 0.85x | $3.98 Billion |
| Data Patterns (India) Limited (DATAPATTNS) | $1.33 Billion | 5.80% | 1.09x | $2.73 Billion |
| DCX Systems Limited (DCXINDIA) | $467.86 Million | 63.18% | 15.95x | $196.47 Million |
| Garden Reach Shipbuilders & Engineers Limited (GRSE) | $12.58 Billion | 15.07% | 5.07x | $2.99 Billion |
| Hindustan Aeronautics Limited (HAL) | $193.17 Billion | 26.30% | 2.02x | $34.72 Billion |
| Mazagon Dock Shipbuilders Limited (MAZDOCK) | $26.34 Billion | 23.71% | 6.58x | $9.95 Billion |
| Sigma Advanced Systems Limited (MEGASOFT) | $1.42 Billion | 1.30% | 1.24x | $3.08 Billion |
About Paras Defence and Space Technologies Limited
Paras Defence and Space Technologies Limited designs, develops, manufactures, and tests defense and space engineering products and solutions in India and internationally. The company offers rugged networking and communication, rugged display and computing, and rugged command and control systems; mechanical products, including flow formed tubes; and avionic suites, as well as automated test equipm… Read more